Can I retire at age 64 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$183,326$181,693$180,099$178,544$177,026$172,536
2 years$90,755$89,065$87,427$85,839$84,298$79,804
3 years$59,902$58,205$56,571$54,998$53,482$49,124
4 years$44,479$42,787$41,169$39,623$38,144$33,956
5 years$35,228$33,545$31,949$30,434$28,996$24,989
6 years$29,062$27,392$25,820$24,338$22,944$19,122
7 years$24,659$23,004$21,456$20,010$18,660$15,023
8 years$21,359$19,719$18,197$16,786$15,480$12,028
9 years$18,794$17,169$15,673$14,298$13,036$9,765
10 years$16,742$15,133$13,664$12,325$11,108$8,013
11 years$15,065$13,472$12,029$10,726$9,553$6,631
12 years$13,669$12,092$10,676$9,408$8,278$5,524
13 years$12,488$10,928$9,538$8,306$7,219$4,626
14 years$11,477$9,933$8,570$7,373$6,328$3,892
15 years$10,601$9,074$7,738$6,576$5,572$3,285
16 years$9,835$8,325$7,015$5,888$4,924$2,782
17 years$9,161$7,667$6,384$5,290$4,366$2,361
18 years$8,562$7,085$5,827$4,768$3,882$2,008
19 years$8,026$6,566$5,335$4,308$3,460$1,711
20 years$7,545$6,102$4,896$3,902$3,091$1,460
21 years$7,110$5,683$4,503$3,541$2,766$1,247
22 years$6,715$5,305$4,150$3,220$2,479$1,067
23 years$6,356$4,962$3,832$2,932$2,226$913
24 years$6,026$4,649$3,544$2,674$2,000$782
25 years$5,724$4,363$3,283$2,442$1,800$671
26 years$5,445$4,100$3,044$2,233$1,621$575
27 years$5,187$3,859$2,827$2,044$1,462$494
28 years$4,948$3,636$2,628$1,873$1,319$424
29 years$4,726$3,430$2,446$1,717$1,191$364
30 years$4,519$3,240$2,278$1,576$1,076$313
31 years$4,326$3,062$2,124$1,448$973$269
32 years$4,145$2,898$1,982$1,330$880$231
33 years$3,976$2,744$1,850$1,223$797$198
34 years$3,817$2,601$1,729$1,126$721$171
35 years$3,667$2,467$1,616$1,036$653$147
36 years$3,526$2,341$1,512$954$592$126
37 years$3,393$2,224$1,415$879$536$109
38 years$3,267$2,113$1,325$810$486$93
39 years$3,148$2,010$1,242$747$441$80
40 years$3,035$1,912$1,164$689$400$69
41 years$2,928$1,820$1,091$636$363$59
42 years$2,826$1,733$1,024$587$329$51
43 years$2,730$1,652$960$542$299$44
44 years$2,638$1,574$902$500$271$38
45 years$2,550$1,501$847$462$246$33
46 years$2,466$1,432$795$427$224$28
47 years$2,387$1,367$747$394$203$24
48 years$2,310$1,305$702$364$184$21
49 years$2,237$1,246$660$337$167$18
50 years$2,167$1,190$620$311$152$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,220,000, adding $6,307 every year, while hoping to spend $40,996 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: 68/24/8 Blend
63$2,220,000$2,220,000$2,220,000$2,220,000
64$2,452,946$2,335,286$2,300,876$2,615,762
65$2,659,527$2,406,095$2,334,336$2,795,360
66$2,885,805$2,479,000$2,367,542$2,986,139
67$3,133,746$2,554,061$2,400,444$3,193,672
68$3,405,516$2,631,337$2,432,987$3,419,594
69$3,703,498$2,710,892$2,465,111$3,665,701
70$4,030,318$2,792,789$2,496,756$3,933,972
71$4,388,870$2,877,096$2,527,857$4,226,587
72$4,782,339$2,963,878$2,558,344$4,545,945
73$5,214,235$3,053,205$2,588,146$4,894,687
74$5,688,423$3,145,148$2,617,185$5,275,720
75$6,209,162$3,239,780$2,645,381$5,692,249
76$6,781,143$3,337,175$2,672,647$6,147,801
77$7,409,533$3,437,411$2,698,894$6,646,258
78$8,100,026$3,540,564$2,724,027$7,191,901
79$8,858,892$3,646,715$2,747,946$7,789,439
80$9,693,042$3,755,947$2,770,545$8,444,064
81$10,610,087$3,868,343$2,791,713$9,161,491
82$11,618,413$3,983,990$2,811,333$9,948,017
83$12,727,261$4,102,975$2,829,282$10,810,579
84$13,946,811$4,225,389$2,845,432$11,756,816
85$15,288,277$4,351,325$2,859,646$12,795,145
86$16,764,018$4,480,877$2,871,781$13,934,840
87$18,387,650$4,614,142$2,881,687$15,186,115
88$20,174,173$4,751,218$2,889,207$16,560,224
89$22,140,118$4,892,207$2,894,174$18,069,566
90$24,303,697$5,037,211$2,896,416$19,727,799
91$26,684,977$5,186,338$2,895,749$21,549,975
92$29,306,071$5,339,695$2,891,983$23,552,673
93$32,191,341$5,497,391$2,884,915$25,754,162
94$35,367,635$5,659,540$2,874,337$28,174,572
95$38,864,534$5,826,257$2,860,027$30,836,081
96$42,714,632$5,997,659$2,841,754$33,763,124
97$46,953,846$6,173,867$2,819,274$36,982,626
98$51,621,753$6,355,001$2,792,335$40,524,255
99$56,761,964$6,541,188$2,760,670$44,420,699
100$62,422,531$6,732,554$2,724,000$48,707,979