Can I retire at age 68 with 2,260,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$186,629$184,966$183,344$181,761$180,216$175,432
2 years$92,390$90,670$89,002$87,385$85,817$81,031
3 years$60,982$59,254$57,590$55,989$54,446$49,807
4 years$45,281$43,558$41,911$40,337$38,831$34,376
5 years$35,862$34,150$32,525$30,982$29,519$25,259
6 years$29,585$27,886$26,285$24,777$23,357$19,296
7 years$25,104$23,419$21,843$20,370$18,996$15,134
8 years$21,744$20,074$18,524$17,088$15,759$12,095
9 years$19,132$17,478$15,955$14,555$13,271$9,802
10 years$17,044$15,406$13,910$12,547$11,308$8,029
11 years$15,337$13,715$12,246$10,920$9,725$6,631
12 years$13,915$12,310$10,868$9,578$8,427$5,513
13 years$12,713$11,125$9,710$8,456$7,349$4,608
14 years$11,683$10,112$8,724$7,506$6,442$3,868
15 years$10,792$9,237$7,877$6,694$5,672$3,259
16 years$10,013$8,475$7,142$5,994$5,013$2,753
17 years$9,326$7,805$6,499$5,385$4,445$2,332
18 years$8,716$7,212$5,932$4,853$3,952$1,979
19 years$8,171$6,684$5,431$4,385$3,523$1,682
20 years$7,681$6,211$4,984$3,972$3,146$1,432
21 years$7,238$5,786$4,584$3,605$2,816$1,221
22 years$6,836$5,401$4,225$3,278$2,524$1,042
23 years$6,470$5,051$3,901$2,985$2,266$890
24 years$6,135$4,733$3,608$2,722$2,036$760
25 years$5,827$4,441$3,342$2,486$1,832$650
26 years$5,543$4,174$3,099$2,273$1,651$556
27 years$5,280$3,928$2,878$2,081$1,488$476
28 years$5,037$3,702$2,675$1,906$1,343$408
29 years$4,811$3,492$2,490$1,748$1,213$349
30 years$4,600$3,298$2,319$1,604$1,096$299
31 years$4,404$3,118$2,162$1,474$991$257
32 years$4,220$2,950$2,017$1,354$896$220
33 years$4,047$2,794$1,883$1,245$811$189
34 years$3,885$2,648$1,760$1,146$734$162
35 years$3,733$2,511$1,645$1,055$665$139
36 years$3,589$2,384$1,539$971$602$119
37 years$3,454$2,264$1,441$895$546$102
38 years$3,326$2,152$1,349$825$495$88
39 years$3,205$2,046$1,264$761$449$75
40 years$3,090$1,946$1,185$702$407$64
41 years$2,981$1,853$1,111$647$369$55
42 years$2,877$1,765$1,042$597$335$47
43 years$2,779$1,681$978$551$304$41
44 years$2,685$1,603$918$509$276$35
45 years$2,596$1,528$862$470$251$30
46 years$2,511$1,458$809$434$228$26
47 years$2,430$1,391$760$401$207$22
48 years$2,352$1,328$715$371$188$19
49 years$2,278$1,268$672$343$170$16
50 years$2,207$1,212$631$317$155$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,260,000, adding $5,614 every year, while hoping to spend $25,689 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/47/11 Blend
67$2,260,000$2,260,000$2,260,000$2,260,000
68$2,496,311$2,376,531$2,341,501$2,592,884
69$2,723,602$2,465,648$2,392,608$2,750,135
70$2,973,215$2,558,271$2,444,567$2,917,299
71$3,247,401$2,654,544$2,497,378$3,097,734
72$3,548,638$2,754,619$2,551,042$3,292,663
73$3,879,656$2,858,652$2,605,559$3,503,426
74$4,243,463$2,966,808$2,660,927$3,731,497
75$4,643,373$3,079,259$2,717,145$3,978,494
76$5,083,037$3,196,182$2,774,209$4,246,195
77$5,566,477$3,317,765$2,832,115$4,536,552
78$6,098,124$3,444,202$2,890,858$4,851,711
79$6,682,861$3,575,697$2,950,430$5,194,033
80$7,326,068$3,712,460$3,010,824$5,566,111
81$8,033,670$3,854,714$3,072,030$5,970,795
82$8,812,198$4,002,689$3,134,037$6,411,222
83$9,668,848$4,156,626$3,196,833$6,890,838
84$10,611,547$4,316,778$3,260,403$7,413,435
85$11,649,030$4,483,405$3,324,732$7,983,185
86$12,790,923$4,656,783$3,389,802$8,604,675
87$14,047,829$4,837,198$3,455,593$9,282,953
88$15,431,436$5,024,949$3,522,083$10,023,571
89$16,954,618$5,220,347$3,589,248$10,832,642
90$18,631,564$5,423,719$3,657,063$11,716,889
91$20,477,907$5,635,405$3,725,498$12,683,713
92$22,510,874$5,855,760$3,794,522$13,741,258
93$24,749,446$6,085,155$3,864,102$14,898,490
94$27,214,540$6,323,978$3,934,200$16,165,276
95$29,929,204$6,572,634$4,004,777$17,552,480
96$32,918,835$6,831,546$4,075,789$19,072,059
97$36,211,420$7,101,155$4,147,192$20,737,180
98$39,837,797$7,381,923$4,218,935$22,562,338
99$43,831,947$7,674,333$4,290,964$24,563,493
100$48,231,318$7,978,887$4,363,224$26,758,219