Can I retire at age 68 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$196,538$194,788$193,080$191,412$189,785$186,029
2 years$97,296$95,484$93,728$92,025$90,374$86,606
3 years$64,220$62,400$60,648$58,961$57,337$53,674
4 years$47,685$45,871$44,136$42,478$40,893$37,364
5 years$37,766$35,963$34,252$32,627$31,086$27,700
6 years$31,156$29,367$27,680$26,092$24,597$21,359
7 years$26,437$24,662$23,003$21,452$20,004$16,914
8 years$22,899$21,140$19,508$17,996$16,596$13,652
9 years$20,148$18,406$16,802$15,328$13,976$11,177
10 years$17,949$16,224$14,649$13,213$11,908$9,252
11 years$16,151$14,443$12,896$11,499$10,241$7,725
12 years$14,654$12,964$11,445$10,086$8,875$6,494
13 years$13,388$11,715$10,226$8,905$7,739$5,490
14 years$12,304$10,649$9,188$7,905$6,784$4,662
15 years$11,365$9,728$8,295$7,050$5,973$3,974
16 years$10,544$8,925$7,521$6,312$5,279$3,399
17 years$9,821$8,220$6,844$5,671$4,681$2,914
18 years$9,179$7,595$6,247$5,111$4,162$2,504
19 years$8,605$7,039$5,719$4,618$3,710$2,156
20 years$8,089$6,541$5,249$4,183$3,314$1,859
21 years$7,623$6,093$4,828$3,796$2,965$1,606
22 years$7,199$5,688$4,450$3,452$2,658$1,388
23 years$6,814$5,319$4,108$3,143$2,386$1,202
24 years$6,460$4,984$3,800$2,867$2,145$1,041
25 years$6,136$4,677$3,519$2,618$1,930$902
26 years$5,837$4,396$3,264$2,394$1,738$783
27 years$5,561$4,137$3,031$2,191$1,567$679
28 years$5,305$3,898$2,818$2,008$1,414$590
29 years$5,066$3,678$2,622$1,841$1,277$512
30 years$4,845$3,473$2,442$1,690$1,154$445
31 years$4,638$3,283$2,277$1,552$1,043$387
32 years$4,444$3,107$2,124$1,426$944$336
33 years$4,262$2,942$1,983$1,311$854$293
34 years$4,092$2,788$1,853$1,207$773$255
35 years$3,931$2,645$1,733$1,111$700$221
36 years$3,780$2,510$1,621$1,023$634$193
37 years$3,637$2,384$1,517$943$575$168
38 years$3,502$2,266$1,421$869$521$146
39 years$3,375$2,155$1,331$801$473$127
40 years$3,254$2,050$1,248$739$429$111
41 years$3,139$1,951$1,170$682$389$96
42 years$3,030$1,858$1,097$629$353$84
43 years$2,926$1,771$1,030$581$320$73
44 years$2,828$1,688$967$536$291$64
45 years$2,734$1,609$908$495$264$55
46 years$2,644$1,535$852$457$240$48
47 years$2,559$1,465$801$423$218$42
48 years$2,477$1,399$753$391$198$37
49 years$2,399$1,336$707$361$180$32
50 years$2,324$1,276$665$334$163$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,380,000, adding $3,801 every year, while hoping to spend $44,195 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: 38/48/14 Blend
67$2,380,000$2,380,000$2,380,000$2,380,000
68$2,626,681$2,500,541$2,463,651$2,715,224
69$2,847,579$2,576,044$2,499,160$2,854,294
70$3,089,528$2,653,766$2,534,377$2,999,942
71$3,354,627$2,733,768$2,569,247$3,156,386
72$3,645,191$2,816,115$2,603,708$3,324,617
73$3,963,767$2,900,870$2,637,699$3,505,727
74$4,313,160$2,988,102$2,671,151$3,700,914
75$4,696,462$3,077,879$2,703,994$3,911,498
76$5,117,076$3,170,270$2,736,153$4,138,928
77$5,578,753$3,265,348$2,767,549$4,384,799
78$6,085,622$3,363,187$2,798,098$4,650,867
79$6,642,234$3,463,861$2,827,713$4,939,062
80$7,253,601$3,567,449$2,856,300$5,251,508
81$7,925,243$3,674,029$2,883,761$5,590,543
82$8,663,244$3,783,683$2,909,994$5,958,740
83$9,474,304$3,896,493$2,934,888$6,358,932
84$10,365,806$4,012,544$2,958,329$6,794,236
85$11,345,883$4,131,922$2,980,197$7,268,085
86$12,423,494$4,254,718$3,000,365$7,784,256
87$13,608,512$4,381,020$3,018,699$8,346,911
88$14,911,813$4,510,923$3,035,058$8,960,630
89$16,345,380$4,644,521$3,049,295$9,630,459
90$17,922,418$4,781,912$3,061,255$10,361,953
91$19,657,472$4,923,193$3,070,775$11,161,230
92$21,566,571$5,068,466$3,077,683$12,035,028
93$23,667,375$5,217,835$3,081,799$12,990,769
94$25,979,344$5,371,405$3,082,936$14,036,628
95$28,523,917$5,529,284$3,080,894$15,181,608
96$31,324,718$5,691,581$3,075,466$16,435,629
97$34,407,780$5,858,408$3,066,434$17,809,615
98$37,801,784$6,029,881$3,053,570$19,315,603
99$41,538,335$6,206,114$3,036,634$20,966,851
100$45,652,258$6,387,227$3,015,374$22,777,967