Can I retire at age 68 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$194,887$193,151$191,457$189,804$188,190$183,566
2 years$96,479$94,682$92,940$91,252$89,614$84,984
3 years$63,680$61,876$60,139$58,466$56,855$52,364
4 years$47,284$45,485$43,765$42,121$40,549$36,231
5 years$37,449$35,661$33,964$32,353$30,825$26,692
6 years$30,895$29,120$27,448$25,873$24,391$20,447
7 years$26,215$24,455$22,809$21,272$19,836$16,083
8 years$22,706$20,962$19,344$17,844$16,456$12,891
9 years$19,979$18,251$16,661$15,199$13,858$10,478
10 years$17,798$16,088$14,525$13,102$11,808$8,609
11 years$16,015$14,322$12,788$11,403$10,155$7,134
12 years$14,531$12,855$11,349$10,002$8,800$5,950
13 years$13,275$11,617$10,140$8,830$7,674$4,990
14 years$12,200$10,559$9,110$7,838$6,727$4,203
15 years$11,269$9,646$8,226$6,990$5,923$3,553
16 years$10,456$8,850$7,458$6,259$5,235$3,013
17 years$9,738$8,151$6,786$5,624$4,642$2,561
18 years$9,102$7,532$6,195$5,068$4,127$2,182
19 years$8,532$6,980$5,671$4,580$3,679$1,862
20 years$8,021$6,486$5,205$4,148$3,286$1,591
21 years$7,559$6,042$4,787$3,764$2,940$1,361
22 years$7,139$5,640$4,412$3,423$2,636$1,166
23 years$6,756$5,275$4,074$3,117$2,366$1,000
24 years$6,406$4,942$3,768$2,843$2,127$858
25 years$6,084$4,638$3,490$2,596$1,914$737
26 years$5,788$4,359$3,236$2,374$1,724$633
27 years$5,514$4,102$3,005$2,173$1,554$544
28 years$5,260$3,866$2,794$1,991$1,402$468
29 years$5,024$3,647$2,600$1,826$1,266$402
30 years$4,804$3,444$2,422$1,675$1,144$346
31 years$4,599$3,256$2,258$1,539$1,034$298
32 years$4,407$3,080$2,106$1,414$936$256
33 years$4,226$2,917$1,967$1,300$847$221
34 years$4,057$2,765$1,838$1,197$767$190
35 years$3,898$2,622$1,718$1,101$694$164
36 years$3,748$2,489$1,607$1,014$629$141
37 years$3,607$2,364$1,504$935$570$122
38 years$3,473$2,247$1,409$862$517$105
39 years$3,346$2,136$1,320$794$469$90
40 years$3,226$2,033$1,237$733$425$78
41 years$3,113$1,935$1,160$676$386$67
42 years$3,005$1,843$1,088$624$350$58
43 years$2,902$1,756$1,021$576$318$50
44 years$2,804$1,674$958$532$288$43
45 years$2,711$1,596$900$491$262$37
46 years$2,622$1,522$845$454$238$32
47 years$2,537$1,453$794$419$216$27
48 years$2,456$1,387$746$387$196$24
49 years$2,378$1,324$701$358$178$20
50 years$2,304$1,265$659$331$162$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,360,000, adding $4,063 every year, while hoping to spend $45,544 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: 68/13/19 Blend
67$2,360,000$2,360,000$2,360,000$2,360,000
68$2,604,911$2,479,831$2,443,251$2,769,616
69$2,822,153$2,552,884$2,476,641$2,953,250
70$3,060,028$2,627,991$2,509,624$3,148,348
71$3,320,592$2,705,203$2,542,137$3,360,647
72$3,606,108$2,784,574$2,574,115$3,591,838
73$3,919,073$2,866,159$2,605,489$3,843,785
74$4,262,231$2,950,014$2,636,186$4,118,539
75$4,638,609$3,036,196$2,666,129$4,418,361
76$5,051,540$3,124,761$2,695,236$4,745,738
77$5,504,692$3,215,770$2,723,422$5,103,414
78$6,002,110$3,309,282$2,750,596$5,494,408
79$6,548,246$3,405,358$2,776,662$5,922,046
80$7,148,007$3,504,060$2,801,520$6,389,995
81$7,806,796$3,605,452$2,825,064$6,902,292
82$8,530,568$3,709,597$2,847,181$7,463,384
83$9,325,879$3,816,561$2,867,755$8,078,173
84$10,199,956$3,926,410$2,886,662$8,752,058
85$11,160,758$4,039,210$2,903,772$9,490,986
86$12,217,055$4,155,031$2,918,948$10,301,513
87$13,378,508$4,273,941$2,932,046$11,190,859
88$14,655,761$4,396,009$2,942,915$12,166,982
89$16,060,542$4,521,307$2,951,396$13,238,647
90$17,605,773$4,649,907$2,957,324$14,415,515
91$19,305,690$4,781,880$2,960,522$15,708,230
92$21,175,978$4,917,300$2,960,807$17,128,521
93$23,233,920$5,056,241$2,957,987$18,689,310
94$25,498,560$5,198,776$2,951,859$20,404,838
95$27,990,878$5,344,981$2,942,211$22,290,797
96$30,733,994$5,494,931$2,928,821$24,364,478
97$33,753,381$5,648,703$2,911,457$26,644,935
98$37,077,108$5,806,371$2,889,872$29,153,165
99$40,736,102$5,968,013$2,863,813$31,912,303
100$44,764,444$6,133,705$2,833,010$34,947,846