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%19.6%
1 years$181,674$180,056$178,477$176,936$175,431$168,671
2 years$89,938$88,263$86,639$85,065$83,539$76,808
3 years$59,363$57,681$56,061$54,502$53,000$46,512
4 years$44,078$42,401$40,798$39,266$37,800$31,603
5 years$34,910$33,243$31,661$30,160$28,735$22,845
6 years$28,800$27,146$25,587$24,119$22,737$17,158
7 years$24,437$22,797$21,263$19,830$18,491$13,222
8 years$21,167$19,541$18,033$16,635$15,340$10,375
9 years$18,624$17,014$15,531$14,169$12,919$8,250
10 years$16,592$14,997$13,541$12,214$11,007$6,627
11 years$14,930$13,351$11,921$10,630$9,467$5,365
12 years$13,546$11,983$10,580$9,324$8,204$4,370
13 years$12,375$10,829$9,452$8,231$7,154$3,576
14 years$11,373$9,843$8,493$7,307$6,271$2,938
15 years$10,505$8,992$7,668$6,516$5,521$2,421
16 years$9,747$8,250$6,952$5,835$4,880$2,000
17 years$9,078$7,598$6,326$5,243$4,327$1,656
18 years$8,485$7,021$5,775$4,725$3,847$1,373
19 years$7,954$6,507$5,287$4,269$3,429$1,141
20 years$7,477$6,047$4,852$3,866$3,063$948
21 years$7,046$5,632$4,463$3,509$2,741$789
22 years$6,655$5,257$4,113$3,191$2,457$657
23 years$6,298$4,917$3,798$2,906$2,205$548
24 years$5,972$4,607$3,512$2,650$1,982$457
25 years$5,672$4,323$3,253$2,420$1,784$381
26 years$5,396$4,063$3,017$2,213$1,607$318
27 years$5,140$3,824$2,802$2,026$1,449$265
28 years$4,903$3,603$2,604$1,856$1,307$222
29 years$4,683$3,399$2,424$1,702$1,180$185
30 years$4,478$3,210$2,258$1,562$1,066$155
31 years$4,287$3,035$2,105$1,434$964$129
32 years$4,108$2,872$1,964$1,318$872$108
33 years$3,940$2,719$1,833$1,212$789$90
34 years$3,782$2,577$1,713$1,115$715$75
35 years$3,634$2,445$1,602$1,027$647$63
36 years$3,494$2,320$1,498$946$586$53
37 years$3,362$2,204$1,402$871$532$44
38 years$3,238$2,094$1,313$803$482$37
39 years$3,120$1,992$1,230$740$437$31
40 years$3,008$1,895$1,153$683$396$26
41 years$2,902$1,804$1,081$630$360$22
42 years$2,801$1,718$1,014$582$326$18
43 years$2,705$1,637$952$537$296$15
44 years$2,614$1,560$893$496$269$13
45 years$2,527$1,488$839$458$244$11
46 years$2,444$1,419$788$423$222$9
47 years$2,365$1,354$740$391$201$7
48 years$2,289$1,293$696$361$183$6
49 years$2,217$1,235$654$334$166$5
50 years$2,148$1,179$615$308$151$4

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 $2,229 every year, while hoping to spend $25,391 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: 40/36/24 Blend
63$2,200,000$2,200,000$2,200,000$2,200,000
64$2,426,699$2,310,099$2,275,999$2,506,461
65$2,647,207$2,396,278$2,325,229$2,650,365
66$2,889,355$2,485,829$2,375,258$2,803,388
67$3,155,325$2,578,890$2,426,084$2,968,436
68$3,447,518$2,675,606$2,477,708$3,146,623
69$3,768,580$2,776,126$2,530,127$3,339,172
70$4,121,428$2,880,609$2,583,339$3,547,427
71$4,509,272$2,989,218$2,637,340$3,772,864
72$4,935,652$3,102,123$2,692,124$4,017,107
73$5,404,465$3,219,503$2,747,687$4,281,939
74$5,920,006$3,341,545$2,804,020$4,569,323
75$6,487,007$3,468,441$2,861,115$4,881,415
76$7,110,683$3,600,395$2,918,963$5,220,588
77$7,796,776$3,737,618$2,977,552$5,589,450
78$8,551,615$3,880,330$3,036,868$5,990,872
79$9,382,175$4,028,761$3,096,899$6,428,011
80$10,296,138$4,183,152$3,157,626$6,904,341
81$11,301,971$4,343,752$3,219,033$7,423,682
82$12,409,000$4,510,825$3,281,099$7,990,242
83$13,627,505$4,684,642$3,343,802$8,608,648
84$14,968,810$4,865,489$3,407,119$9,283,994
85$16,445,394$5,053,663$3,471,023$10,021,887
86$18,071,007$5,249,476$3,535,485$10,828,498
87$19,860,801$5,453,251$3,600,475$11,710,622
88$21,831,469$5,665,327$3,665,958$12,675,735
89$24,001,410$5,886,059$3,731,898$13,732,073
90$26,390,892$6,115,815$3,798,256$14,888,701
91$29,022,255$6,354,981$3,864,988$16,155,599
92$31,920,110$6,603,960$3,932,051$17,543,759
93$35,111,580$6,863,173$3,999,394$19,065,283
94$38,626,553$7,133,060$4,066,964$20,733,498
95$42,497,960$7,414,079$4,134,707$22,563,080
96$46,762,094$7,706,710$4,202,561$24,570,194
97$51,458,943$8,011,455$4,270,463$26,772,639
98$56,632,575$8,328,836$4,338,343$29,190,021
99$62,331,549$8,659,401$4,406,129$31,843,935
100$68,609,376$9,003,720$4,473,743$34,758,163