Can I retire at age 65 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%11.6%
1 years$181,674$180,056$178,477$176,936$175,431$174,252
2 years$89,938$88,263$86,639$85,065$83,539$82,350
3 years$59,363$57,681$56,061$54,502$53,000$51,838
4 years$44,078$42,401$40,798$39,266$37,800$36,674
5 years$34,910$33,243$31,661$30,160$28,735$27,648
6 years$28,800$27,146$25,587$24,119$22,737$21,690
7 years$24,437$22,797$21,263$19,830$18,491$17,485
8 years$21,167$19,541$18,033$16,635$15,340$14,375
9 years$18,624$17,014$15,531$14,169$12,919$11,995
10 years$16,592$14,997$13,541$12,214$11,007$10,123
11 years$14,930$13,351$11,921$10,630$9,467$8,622
12 years$13,546$11,983$10,580$9,324$8,204$7,398
13 years$12,375$10,829$9,452$8,231$7,154$6,386
14 years$11,373$9,843$8,493$7,307$6,271$5,540
15 years$10,505$8,992$7,668$6,516$5,521$4,827
16 years$9,747$8,250$6,952$5,835$4,880$4,220
17 years$9,078$7,598$6,326$5,243$4,327$3,701
18 years$8,485$7,021$5,775$4,725$3,847$3,255
19 years$7,954$6,507$5,287$4,269$3,429$2,868
20 years$7,477$6,047$4,852$3,866$3,063$2,533
21 years$7,046$5,632$4,463$3,509$2,741$2,240
22 years$6,655$5,257$4,113$3,191$2,457$1,985
23 years$6,298$4,917$3,798$2,906$2,205$1,760
24 years$5,972$4,607$3,512$2,650$1,982$1,563
25 years$5,672$4,323$3,253$2,420$1,784$1,390
26 years$5,396$4,063$3,017$2,213$1,607$1,236
27 years$5,140$3,824$2,802$2,026$1,449$1,101
28 years$4,903$3,603$2,604$1,856$1,307$981
29 years$4,683$3,399$2,424$1,702$1,180$875
30 years$4,478$3,210$2,258$1,562$1,066$780
31 years$4,287$3,035$2,105$1,434$964$696
32 years$4,108$2,872$1,964$1,318$872$622
33 years$3,940$2,719$1,833$1,212$789$555
34 years$3,782$2,577$1,713$1,115$715$496
35 years$3,634$2,445$1,602$1,027$647$443
36 years$3,494$2,320$1,498$946$586$396
37 years$3,362$2,204$1,402$871$532$354
38 years$3,238$2,094$1,313$803$482$317
39 years$3,120$1,992$1,230$740$437$284
40 years$3,008$1,895$1,153$683$396$254
41 years$2,902$1,804$1,081$630$360$227
42 years$2,801$1,718$1,014$582$326$203
43 years$2,705$1,637$952$537$296$182
44 years$2,614$1,560$893$496$269$163
45 years$2,527$1,488$839$458$244$146
46 years$2,444$1,419$788$423$222$131
47 years$2,365$1,354$740$391$201$117
48 years$2,289$1,293$696$361$183$105
49 years$2,217$1,235$654$334$166$94
50 years$2,148$1,179$615$308$151$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,200,000, adding $2,533 every year, while hoping to spend $55,996 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: 67/12/21 Blend
64$2,200,000$2,200,000$2,200,000$2,200,000
65$2,427,013$2,310,413$2,276,313$2,576,623
66$2,614,989$2,364,044$2,292,990$2,730,837
67$2,820,262$2,418,426$2,308,349$2,892,730
68$3,044,536$2,473,537$2,322,287$3,068,440
69$3,289,690$2,529,351$2,334,695$3,259,328
70$3,557,790$2,585,841$2,345,458$3,466,892
71$3,851,112$2,642,974$2,354,458$3,692,780
72$4,172,160$2,700,715$2,361,568$3,938,813
73$4,523,695$2,759,025$2,366,655$4,206,993
74$4,908,755$2,817,860$2,369,581$4,499,529
75$5,330,686$2,877,173$2,370,200$4,818,853
76$5,793,173$2,936,911$2,368,358$5,167,647
77$6,300,274$2,997,017$2,363,895$5,548,866
78$6,856,459$3,057,429$2,356,644$5,965,765
79$7,466,653$3,118,077$2,346,426$6,421,934
80$8,136,278$3,178,889$2,333,057$6,921,326
81$8,871,307$3,239,784$2,316,344$7,468,301
82$9,678,320$3,300,673$2,296,081$8,067,662
83$10,564,567$3,361,464$2,272,058$8,724,702
84$11,538,031$3,422,054$2,244,050$9,445,256
85$12,607,509$3,482,333$2,211,824$10,235,754
86$13,782,690$3,542,183$2,175,136$11,103,284
87$15,074,250$3,601,475$2,133,728$12,055,654
88$16,493,949$3,660,073$2,087,334$13,101,475
89$18,054,744$3,717,830$2,035,672$14,250,232
90$19,770,911$3,774,586$1,978,450$15,512,383
91$21,658,176$3,830,173$1,915,361$16,899,452
92$23,733,867$3,884,409$1,846,082$18,424,140
93$26,017,076$3,937,099$1,770,280$20,100,447
94$28,528,835$3,988,034$1,687,602$21,943,799
95$31,292,322$4,036,993$1,597,682$23,971,202
96$34,333,070$4,083,738$1,500,136$26,201,397
97$37,679,217$4,128,014$1,394,564$28,655,038
98$41,361,762$4,169,552$1,280,547$31,354,890
99$45,414,863$4,208,062$1,157,647$34,326,043
100$49,876,158$4,243,236$1,025,407$37,596,147