Can I retire at age 68 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$187,454$185,785$184,156$182,566$181,013$176,280
2 years$92,799$91,071$89,396$87,772$86,197$81,460
3 years$61,252$59,516$57,845$56,236$54,687$50,095
4 years$45,481$43,750$42,096$40,515$39,003$34,592
5 years$36,021$34,301$32,669$31,119$29,649$25,431
6 years$29,716$28,009$26,401$24,887$23,461$19,439
7 years$25,215$23,522$21,939$20,461$19,080$15,255
8 years$21,840$20,163$18,606$17,164$15,829$12,198
9 years$19,217$17,555$16,026$14,620$13,330$9,892
10 years$17,120$15,474$13,972$12,602$11,358$8,107
11 years$15,405$13,776$12,300$10,968$9,768$6,700
12 years$13,977$12,364$10,916$9,620$8,465$5,574
13 years$12,769$11,174$9,753$8,493$7,381$4,662
14 years$11,735$10,157$8,763$7,539$6,471$3,916
15 years$10,840$9,278$7,912$6,724$5,697$3,302
16 years$10,057$8,513$7,173$6,020$5,035$2,791
17 years$9,367$7,840$6,527$5,409$4,465$2,366
18 years$8,755$7,244$5,959$4,875$3,970$2,009
19 years$8,207$6,714$5,455$4,405$3,538$1,710
20 years$7,715$6,239$5,006$3,989$3,160$1,457
21 years$7,270$5,811$4,605$3,621$2,828$1,243
22 years$6,867$5,425$4,244$3,292$2,535$1,061
23 years$6,499$5,074$3,919$2,998$2,276$907
24 years$6,162$4,754$3,624$2,734$2,045$776
25 years$5,852$4,461$3,357$2,497$1,841$664
26 years$5,567$4,193$3,113$2,283$1,658$568
27 years$5,304$3,946$2,891$2,090$1,495$487
28 years$5,059$3,718$2,687$1,915$1,349$417
29 years$4,832$3,508$2,501$1,756$1,218$358
30 years$4,621$3,313$2,329$1,612$1,100$307
31 years$4,423$3,131$2,172$1,480$995$263
32 years$4,238$2,963$2,026$1,360$900$226
33 years$4,065$2,806$1,892$1,251$814$194
34 years$3,903$2,659$1,768$1,151$737$166
35 years$3,750$2,522$1,653$1,059$668$143
36 years$3,605$2,394$1,546$976$605$123
37 years$3,469$2,274$1,447$899$548$105
38 years$3,341$2,161$1,355$829$497$90
39 years$3,219$2,055$1,270$764$451$78
40 years$3,103$1,955$1,190$705$409$67
41 years$2,994$1,861$1,116$650$371$57
42 years$2,890$1,772$1,047$600$337$49
43 years$2,791$1,689$982$554$306$42
44 years$2,697$1,610$922$511$277$36
45 years$2,607$1,535$866$472$252$31
46 years$2,522$1,464$813$436$229$27
47 years$2,440$1,397$764$403$208$23
48 years$2,362$1,334$718$372$189$20
49 years$2,288$1,274$675$344$171$17
50 years$2,216$1,217$634$318$156$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,270,000, adding $2,694 every year, while hoping to spend $33,808 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: 42/36/22 Blend
67$2,270,000$2,270,000$2,270,000$2,270,000
68$2,504,319$2,384,009$2,348,824$2,593,260
69$2,723,788$2,464,854$2,391,538$2,737,710
70$2,964,510$2,548,527$2,434,550$2,890,581
71$3,228,616$2,635,132$2,477,834$3,055,446
72$3,518,456$2,724,774$2,521,363$3,233,427
73$3,836,616$2,817,566$2,565,106$3,425,756
74$4,185,946$2,913,621$2,609,031$3,633,789
75$4,569,584$3,013,060$2,653,105$3,859,015
76$4,990,988$3,116,006$2,697,291$4,103,073
77$5,453,968$3,222,590$2,741,549$4,367,767
78$5,962,719$3,332,943$2,785,838$4,655,080
79$6,521,865$3,447,206$2,830,112$4,967,194
80$7,136,499$3,565,523$2,874,325$5,306,509
81$7,812,232$3,688,043$2,918,424$5,675,669
82$8,555,245$3,814,923$2,962,357$6,077,581
83$9,372,350$3,946,325$3,006,066$6,515,446
84$10,271,051$4,082,415$3,049,490$6,992,786
85$11,259,615$4,223,370$3,092,565$7,513,479
86$12,347,151$4,369,371$3,135,221$8,081,795
87$13,543,696$4,520,606$3,177,387$8,702,434
88$14,860,309$4,677,271$3,218,985$9,380,570
89$16,309,173$4,839,570$3,259,934$10,121,902
90$17,903,714$5,007,715$3,300,147$10,932,704
91$19,658,726$5,181,925$3,339,535$11,819,886
92$21,590,507$5,362,431$3,378,000$12,791,055
93$23,717,017$5,549,468$3,415,442$13,854,592
94$26,058,046$5,743,285$3,451,752$15,019,725
95$28,635,399$5,944,139$3,486,819$16,296,617
96$31,473,105$6,152,297$3,520,522$17,696,465
97$34,597,639$6,368,037$3,552,737$19,231,599
98$38,038,175$6,591,647$3,583,330$20,915,600
99$41,826,860$6,823,430$3,612,163$22,763,430
100$45,999,119$7,063,696$3,639,089$24,791,570