Can I retire at age 75 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%14.3%
1 years$181,674$180,056$178,477$176,936$175,431$172,312
2 years$89,938$88,263$86,639$85,065$83,539$80,407
3 years$59,363$57,681$56,061$54,502$53,000$49,954
4 years$44,078$42,401$40,798$39,266$37,800$34,862
5 years$34,910$33,243$31,661$30,160$28,735$25,913
6 years$28,800$27,146$25,587$24,119$22,737$20,035
7 years$24,437$22,797$21,263$19,830$18,491$15,910
8 years$21,167$19,541$18,033$16,635$15,340$12,879
9 years$18,624$17,014$15,531$14,169$12,919$10,576
10 years$16,592$14,997$13,541$12,214$11,007$8,782
11 years$14,930$13,351$11,921$10,630$9,467$7,355
12 years$13,546$11,983$10,580$9,324$8,204$6,203
13 years$12,375$10,829$9,452$8,231$7,154$5,261
14 years$11,373$9,843$8,493$7,307$6,271$4,483
15 years$10,505$8,992$7,668$6,516$5,521$3,835
16 years$9,747$8,250$6,952$5,835$4,880$3,291
17 years$9,078$7,598$6,326$5,243$4,327$2,832
18 years$8,485$7,021$5,775$4,725$3,847$2,443
19 years$7,954$6,507$5,287$4,269$3,429$2,111
20 years$7,477$6,047$4,852$3,866$3,063$1,827
21 years$7,046$5,632$4,463$3,509$2,741$1,584
22 years$6,655$5,257$4,113$3,191$2,457$1,375
23 years$6,298$4,917$3,798$2,906$2,205$1,194
24 years$5,972$4,607$3,512$2,650$1,982$1,039
25 years$5,672$4,323$3,253$2,420$1,784$904
26 years$5,396$4,063$3,017$2,213$1,607$787
27 years$5,140$3,824$2,802$2,026$1,449$686
28 years$4,903$3,603$2,604$1,856$1,307$598
29 years$4,683$3,399$2,424$1,702$1,180$522
30 years$4,478$3,210$2,258$1,562$1,066$455
31 years$4,287$3,035$2,105$1,434$964$397
32 years$4,108$2,872$1,964$1,318$872$347
33 years$3,940$2,719$1,833$1,212$789$303
34 years$3,782$2,577$1,713$1,115$715$265
35 years$3,634$2,445$1,602$1,027$647$231
36 years$3,494$2,320$1,498$946$586$202
37 years$3,362$2,204$1,402$871$532$177
38 years$3,238$2,094$1,313$803$482$154
39 years$3,120$1,992$1,230$740$437$135
40 years$3,008$1,895$1,153$683$396$118
41 years$2,902$1,804$1,081$630$360$103
42 years$2,801$1,718$1,014$582$326$90
43 years$2,705$1,637$952$537$296$79
44 years$2,614$1,560$893$496$269$69
45 years$2,527$1,488$839$458$244$60
46 years$2,444$1,419$788$423$222$53
47 years$2,365$1,354$740$391$201$46
48 years$2,289$1,293$696$361$183$40
49 years$2,217$1,235$654$334$166$35
50 years$2,148$1,179$615$308$151$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,200,000, adding $2,891 every year, while hoping to spend $35,646 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: 68/5/27 Blend
74$2,200,000$2,200,000$2,200,000$2,200,000
75$2,427,382$2,310,782$2,276,682$2,575,239
76$2,637,048$2,386,083$2,315,024$2,750,311
77$2,866,905$2,463,880$2,353,455$2,937,458
78$3,118,975$2,544,256$2,391,942$3,141,404
79$3,395,486$2,627,299$2,430,447$3,363,813
80$3,698,889$2,713,100$2,468,930$3,606,516
81$4,031,886$2,801,753$2,507,351$3,871,531
82$4,397,455$2,893,355$2,545,663$4,161,081
83$4,798,872$2,988,006$2,583,819$4,477,616
84$5,239,749$3,085,811$2,621,770$4,823,831
85$5,724,065$3,186,877$2,659,460$5,202,700
86$6,256,202$3,291,316$2,696,834$5,617,497
87$6,840,987$3,399,243$2,733,831$6,071,828
88$7,483,740$3,510,779$2,770,387$6,569,668
89$8,190,321$3,626,046$2,806,434$7,115,396
90$8,967,185$3,745,174$2,841,901$7,713,836
91$9,821,445$3,868,294$2,876,711$8,370,305
92$10,760,936$3,995,545$2,910,786$9,090,659
93$11,794,294$4,127,069$2,944,039$9,881,352
94$12,931,030$4,263,013$2,976,382$10,749,496
95$14,181,625$4,403,531$3,007,721$11,702,926
96$15,557,628$4,548,780$3,037,957$12,750,276
97$17,071,761$4,698,925$3,066,983$13,901,061
98$18,738,044$4,854,136$3,094,691$15,165,765
99$20,571,924$5,014,589$3,120,963$16,555,939
100$22,590,422$5,180,466$3,145,677$18,084,315