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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$181,674$180,056$178,477$176,936$175,431$173,527
2 years$89,938$88,263$86,639$85,065$83,539$81,621
3 years$59,363$57,681$56,061$54,502$53,000$51,129
4 years$44,078$42,401$40,798$39,266$37,800$35,990
5 years$34,910$33,243$31,661$30,160$28,735$26,991
6 years$28,800$27,146$25,587$24,119$22,737$21,061
7 years$24,437$22,797$21,263$19,830$18,491$16,885
8 years$21,167$19,541$18,033$16,635$15,340$13,803
9 years$18,624$17,014$15,531$14,169$12,919$11,449
10 years$16,592$14,997$13,541$12,214$11,007$9,605
11 years$14,930$13,351$11,921$10,630$9,467$8,131
12 years$13,546$11,983$10,580$9,324$8,204$6,932
13 years$12,375$10,829$9,452$8,231$7,154$5,946
14 years$11,373$9,843$8,493$7,307$6,271$5,124
15 years$10,505$8,992$7,668$6,516$5,521$4,435
16 years$9,747$8,250$6,952$5,835$4,880$3,851
17 years$9,078$7,598$6,326$5,243$4,327$3,354
18 years$8,485$7,021$5,775$4,725$3,847$2,928
19 years$7,954$6,507$5,287$4,269$3,429$2,562
20 years$7,477$6,047$4,852$3,866$3,063$2,246
21 years$7,046$5,632$4,463$3,509$2,741$1,972
22 years$6,655$5,257$4,113$3,191$2,457$1,734
23 years$6,298$4,917$3,798$2,906$2,205$1,526
24 years$5,972$4,607$3,512$2,650$1,982$1,345
25 years$5,672$4,323$3,253$2,420$1,784$1,186
26 years$5,396$4,063$3,017$2,213$1,607$1,047
27 years$5,140$3,824$2,802$2,026$1,449$925
28 years$4,903$3,603$2,604$1,856$1,307$818
29 years$4,683$3,399$2,424$1,702$1,180$723
30 years$4,478$3,210$2,258$1,562$1,066$640
31 years$4,287$3,035$2,105$1,434$964$566
32 years$4,108$2,872$1,964$1,318$872$502
33 years$3,940$2,719$1,833$1,212$789$444
34 years$3,782$2,577$1,713$1,115$715$394
35 years$3,634$2,445$1,602$1,027$647$349
36 years$3,494$2,320$1,498$946$586$309
37 years$3,362$2,204$1,402$871$532$274
38 years$3,238$2,094$1,313$803$482$243
39 years$3,120$1,992$1,230$740$437$216
40 years$3,008$1,895$1,153$683$396$191
41 years$2,902$1,804$1,081$630$360$170
42 years$2,801$1,718$1,014$582$326$151
43 years$2,705$1,637$952$537$296$134
44 years$2,614$1,560$893$496$269$119
45 years$2,527$1,488$839$458$244$105
46 years$2,444$1,419$788$423$222$94
47 years$2,365$1,354$740$391$201$83
48 years$2,289$1,293$696$361$183$74
49 years$2,217$1,235$654$334$166$65
50 years$2,148$1,179$615$308$151$58

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 $2,042 every year, while hoping to spend $21,098 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: 36/36/28 Blend
63$2,200,000$2,200,000$2,200,000$2,200,000
64$2,426,506$2,309,906$2,275,806$2,493,395
65$2,651,562$2,400,644$2,329,598$2,634,077
66$2,898,866$2,495,120$2,384,484$2,783,793
67$3,170,666$2,593,496$2,440,480$2,945,023
68$3,469,437$2,695,941$2,497,599$3,118,815
69$3,797,906$2,802,629$2,555,855$3,306,323
70$4,159,079$2,913,744$2,615,263$3,508,812
71$4,556,266$3,029,478$2,675,835$3,727,670
72$4,993,114$3,150,031$2,737,584$3,964,426
73$5,473,642$3,275,613$2,800,524$4,220,755
74$6,002,277$3,406,443$2,864,666$4,498,501
75$6,583,899$3,542,748$2,930,021$4,799,688
76$7,223,882$3,684,767$2,996,602$5,126,543
77$7,928,148$3,832,752$3,064,419$5,481,513
78$8,703,224$3,986,961$3,133,481$5,867,287
79$9,556,299$4,147,668$3,203,799$6,286,825
80$10,495,297$4,315,159$3,275,381$6,743,379
81$11,528,946$4,489,731$3,348,235$7,240,528
82$12,666,866$4,671,695$3,422,369$7,782,207
83$13,919,655$4,861,377$3,497,787$8,372,746
84$15,298,994$5,059,118$3,574,497$9,016,909
85$16,817,750$5,265,274$3,652,501$9,719,937
86$18,490,104$5,480,216$3,731,804$10,487,597
87$20,331,683$5,704,334$3,812,407$11,326,235
88$22,359,703$5,938,036$3,894,312$12,242,837
89$24,593,138$6,181,745$3,977,517$13,245,090
90$27,052,896$6,435,908$4,062,021$14,341,455
91$29,762,013$6,700,989$4,147,820$15,541,248
92$32,745,876$6,977,475$4,234,910$16,854,722
93$36,032,460$7,265,876$4,323,284$18,293,165
94$39,652,590$7,566,723$4,412,933$19,869,005
95$43,640,235$7,880,574$4,503,848$21,595,926
96$48,032,828$8,208,010$4,596,015$23,488,993
97$52,871,615$8,549,641$4,689,420$25,564,798
98$58,202,050$8,906,105$4,784,047$27,841,608
99$64,074,223$9,278,067$4,879,875$30,339,540
100$70,543,327$9,666,226$4,976,885$33,080,750