Can I retire at age 64 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$181,674$180,056$178,477$176,936$175,431$174,618
2 years$89,938$88,263$86,639$85,065$83,539$82,718
3 years$59,363$57,681$56,061$54,502$53,000$52,198
4 years$44,078$42,401$40,798$39,266$37,800$37,022
5 years$34,910$33,243$31,661$30,160$28,735$27,983
6 years$28,800$27,146$25,587$24,119$22,737$22,012
7 years$24,437$22,797$21,263$19,830$18,491$17,794
8 years$21,167$19,541$18,033$16,635$15,340$14,670
9 years$18,624$17,014$15,531$14,169$12,919$12,276
10 years$16,592$14,997$13,541$12,214$11,007$10,392
11 years$14,930$13,351$11,921$10,630$9,467$8,878
12 years$13,546$11,983$10,580$9,324$8,204$7,642
13 years$12,375$10,829$9,452$8,231$7,154$6,617
14 years$11,373$9,843$8,493$7,307$6,271$5,760
15 years$10,505$8,992$7,668$6,516$5,521$5,035
16 years$9,747$8,250$6,952$5,835$4,880$4,417
17 years$9,078$7,598$6,326$5,243$4,327$3,887
18 years$8,485$7,021$5,775$4,725$3,847$3,430
19 years$7,954$6,507$5,287$4,269$3,429$3,034
20 years$7,477$6,047$4,852$3,866$3,063$2,689
21 years$7,046$5,632$4,463$3,509$2,741$2,387
22 years$6,655$5,257$4,113$3,191$2,457$2,122
23 years$6,298$4,917$3,798$2,906$2,205$1,890
24 years$5,972$4,607$3,512$2,650$1,982$1,684
25 years$5,672$4,323$3,253$2,420$1,784$1,503
26 years$5,396$4,063$3,017$2,213$1,607$1,343
27 years$5,140$3,824$2,802$2,026$1,449$1,200
28 years$4,903$3,603$2,604$1,856$1,307$1,074
29 years$4,683$3,399$2,424$1,702$1,180$961
30 years$4,478$3,210$2,258$1,562$1,066$861
31 years$4,287$3,035$2,105$1,434$964$771
32 years$4,108$2,872$1,964$1,318$872$691
33 years$3,940$2,719$1,833$1,212$789$620
34 years$3,782$2,577$1,713$1,115$715$556
35 years$3,634$2,445$1,602$1,027$647$499
36 years$3,494$2,320$1,498$946$586$448
37 years$3,362$2,204$1,402$871$532$403
38 years$3,238$2,094$1,313$803$482$362
39 years$3,120$1,992$1,230$740$437$325
40 years$3,008$1,895$1,153$683$396$292
41 years$2,902$1,804$1,081$630$360$262
42 years$2,801$1,718$1,014$582$326$236
43 years$2,705$1,637$952$537$296$212
44 years$2,614$1,560$893$496$269$191
45 years$2,527$1,488$839$458$244$171
46 years$2,444$1,419$788$423$222$154
47 years$2,365$1,354$740$391$201$139
48 years$2,289$1,293$696$361$183$125
49 years$2,217$1,235$654$334$166$112
50 years$2,148$1,179$615$308$151$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,200,000, adding $4,355 every year, while hoping to spend $30,888 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: 33/43/24 Blend
63$2,200,000$2,200,000$2,200,000$2,200,000
64$2,428,892$2,312,292$2,278,192$2,491,097
65$2,643,775$2,392,730$2,321,647$2,618,648
66$2,879,540$2,476,074$2,365,522$2,752,928
67$3,138,285$2,562,434$2,409,800$2,897,027
68$3,422,321$2,651,924$2,454,459$3,051,833
69$3,734,193$2,744,663$2,499,478$3,218,317
70$4,076,703$2,840,774$2,544,833$3,397,551
71$4,452,940$2,940,386$2,590,499$3,590,708
72$4,866,307$3,043,632$2,636,447$3,799,080
73$5,320,551$3,150,650$2,682,649$4,024,083
74$5,819,801$3,261,586$2,729,072$4,267,278
75$6,368,606$3,376,589$2,775,681$4,530,378
76$6,971,978$3,495,815$2,822,440$4,815,266
77$7,635,437$3,619,428$2,869,309$5,124,015
78$8,365,067$3,747,595$2,916,246$5,458,901
79$9,167,570$3,880,493$2,963,207$5,822,431
80$10,050,330$4,018,306$3,010,142$6,217,361
81$11,021,483$4,161,222$3,057,002$6,646,722
82$12,089,994$4,309,441$3,103,730$7,113,851
83$13,265,738$4,463,169$3,150,271$7,622,419
84$14,559,600$4,622,621$3,196,561$8,176,463
85$15,983,569$4,788,019$3,242,535$8,780,431
86$17,550,858$4,959,597$3,288,125$9,439,214
87$19,276,025$5,137,597$3,333,257$10,158,197
88$21,175,111$5,322,270$3,377,852$10,943,309
89$23,265,790$5,513,880$3,421,829$11,801,076
90$25,567,540$5,712,699$3,465,099$12,738,681
91$28,101,821$5,919,013$3,507,572$13,764,036
92$30,892,279$6,133,117$3,549,148$14,885,848
93$33,964,973$6,355,321$3,589,726$16,113,708
94$37,348,614$6,585,946$3,629,195$17,458,176
95$41,074,842$6,825,326$3,667,443$18,930,880
96$45,178,520$7,073,812$3,704,346$20,544,626
97$49,698,066$7,331,765$3,739,779$22,313,518
98$54,675,813$7,599,566$3,773,605$24,253,088
99$60,158,409$7,877,607$3,805,684$26,380,443
100$66,197,258$8,166,301$3,835,866$28,714,424