Can I retire at age 68 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$188,280$186,603$184,967$183,370$181,810$175,780
2 years$93,208$91,472$89,790$88,159$86,576$80,559
3 years$61,521$59,778$58,100$56,484$54,928$49,112
4 years$45,681$43,943$42,282$40,694$39,175$33,606
5 years$36,180$34,452$32,812$31,257$29,780$24,473
6 years$29,847$28,133$26,517$24,996$23,564$18,523
7 years$25,326$23,626$22,036$20,551$19,164$14,388
8 years$21,936$20,252$18,688$17,239$15,898$11,384
9 years$19,302$17,633$16,096$14,684$13,389$9,131
10 years$17,195$15,542$14,033$12,658$11,408$7,400
11 years$15,472$13,836$12,354$11,016$9,811$6,045
12 years$14,038$12,419$10,964$9,663$8,502$4,970
13 years$12,825$11,223$9,796$8,531$7,414$4,106
14 years$11,787$10,201$8,802$7,573$6,499$3,407
15 years$10,887$9,319$7,947$6,753$5,722$2,836
16 years$10,101$8,550$7,205$6,047$5,057$2,367
17 years$9,408$7,874$6,556$5,433$4,484$1,980
18 years$8,793$7,276$5,985$4,896$3,987$1,659
19 years$8,243$6,744$5,479$4,424$3,554$1,393
20 years$7,749$6,266$5,028$4,007$3,174$1,170
21 years$7,302$5,837$4,625$3,637$2,841$985
22 years$6,897$5,449$4,263$3,307$2,546$829
23 years$6,527$5,096$3,936$3,011$2,286$699
24 years$6,189$4,775$3,640$2,747$2,054$589
25 years$5,878$4,481$3,371$2,508$1,849$497
26 years$5,592$4,211$3,127$2,293$1,665$419
27 years$5,327$3,963$2,903$2,099$1,501$354
28 years$5,082$3,734$2,699$1,923$1,355$299
29 years$4,854$3,523$2,512$1,764$1,223$253
30 years$4,641$3,327$2,340$1,619$1,105$214
31 years$4,443$3,145$2,181$1,487$999$180
32 years$4,257$2,976$2,035$1,366$904$153
33 years$4,083$2,818$1,900$1,256$818$129
34 years$3,920$2,671$1,775$1,156$741$109
35 years$3,766$2,534$1,660$1,064$671$92
36 years$3,621$2,405$1,553$980$608$78
37 years$3,484$2,284$1,453$903$551$66
38 years$3,355$2,171$1,361$832$499$56
39 years$3,233$2,064$1,275$767$453$47
40 years$3,117$1,964$1,195$708$411$40
41 years$3,007$1,869$1,121$653$373$34
42 years$2,903$1,780$1,051$603$338$29
43 years$2,803$1,696$986$556$307$24
44 years$2,709$1,617$926$514$279$20
45 years$2,619$1,542$869$474$253$17
46 years$2,533$1,471$817$438$230$15
47 years$2,451$1,404$767$405$209$12
48 years$2,373$1,340$721$374$189$10
49 years$2,298$1,280$678$346$172$9
50 years$2,226$1,222$637$320$156$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,280,000, adding $3,379 every year, while hoping to spend $33,994 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: 47/41/12 Blend
67$2,280,000$2,280,000$2,280,000$2,280,000
68$2,516,045$2,395,205$2,359,865$2,625,734
69$2,736,513$2,476,401$2,402,752$2,783,020
70$2,978,328$2,560,436$2,445,935$2,949,846
71$3,243,634$2,647,414$2,489,390$3,130,141
72$3,534,788$2,737,441$2,533,088$3,325,168
73$3,854,390$2,830,629$2,577,000$3,536,318
74$4,205,302$2,927,093$2,621,093$3,765,119
75$4,590,676$3,026,954$2,665,333$4,013,251
76$5,013,985$3,130,335$2,709,683$4,282,562
77$5,479,057$3,237,367$2,754,102$4,575,086
78$5,990,106$3,348,183$2,798,550$4,893,057
79$6,551,776$3,462,923$2,842,980$5,238,935
80$7,169,182$3,581,731$2,887,345$5,615,427
81$7,847,961$3,704,759$2,931,594$6,025,510
82$8,594,323$3,832,162$2,975,672$6,472,461
83$9,415,108$3,964,102$3,019,521$6,959,886
84$10,317,855$4,100,749$3,063,081$7,491,754
85$11,310,868$4,242,277$3,106,286$8,072,434
86$12,403,296$4,388,869$3,149,067$8,706,734
87$13,605,223$4,540,713$3,191,350$9,399,950
88$14,927,754$4,698,007$3,233,059$10,157,908
89$16,383,130$4,860,954$3,274,111$10,987,027
90$17,984,835$5,029,767$3,314,420$11,894,371
91$19,747,730$5,204,667$3,353,895$12,887,720
92$21,688,185$5,385,883$3,392,437$13,975,641
93$23,824,242$5,573,653$3,429,946$15,167,568
94$26,175,778$5,768,225$3,466,312$16,473,889
95$28,764,697$5,969,858$3,501,423$17,906,046
96$31,615,134$6,178,819$3,535,159$19,476,641
97$34,753,683$6,395,386$3,567,392$21,199,552
98$38,209,649$6,619,851$3,597,990$23,090,066
99$42,015,323$6,852,513$3,626,813$25,165,019
100$46,206,287$7,093,687$3,653,712$27,442,957