Can I retire at age 65 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%14.1%
1 years$181,674$180,056$178,477$176,936$175,431$172,454
2 years$89,938$88,263$86,639$85,065$83,539$80,548
3 years$59,363$57,681$56,061$54,502$53,000$50,090
4 years$44,078$42,401$40,798$39,266$37,800$34,992
5 years$34,910$33,243$31,661$30,160$28,735$26,038
6 years$28,800$27,146$25,587$24,119$22,737$20,153
7 years$24,437$22,797$21,263$19,830$18,491$16,022
8 years$21,167$19,541$18,033$16,635$15,340$12,985
9 years$18,624$17,014$15,531$14,169$12,919$10,676
10 years$16,592$14,997$13,541$12,214$11,007$8,875
11 years$14,930$13,351$11,921$10,630$9,467$7,442
12 years$13,546$11,983$10,580$9,324$8,204$6,285
13 years$12,375$10,829$9,452$8,231$7,154$5,338
14 years$11,373$9,843$8,493$7,307$6,271$4,555
15 years$10,505$8,992$7,668$6,516$5,521$3,902
16 years$9,747$8,250$6,952$5,835$4,880$3,353
17 years$9,078$7,598$6,326$5,243$4,327$2,889
18 years$8,485$7,021$5,775$4,725$3,847$2,496
19 years$7,954$6,507$5,287$4,269$3,429$2,160
20 years$7,477$6,047$4,852$3,866$3,063$1,872
21 years$7,046$5,632$4,463$3,509$2,741$1,626
22 years$6,655$5,257$4,113$3,191$2,457$1,413
23 years$6,298$4,917$3,798$2,906$2,205$1,230
24 years$5,972$4,607$3,512$2,650$1,982$1,071
25 years$5,672$4,323$3,253$2,420$1,784$933
26 years$5,396$4,063$3,017$2,213$1,607$814
27 years$5,140$3,824$2,802$2,026$1,449$711
28 years$4,903$3,603$2,604$1,856$1,307$621
29 years$4,683$3,399$2,424$1,702$1,180$542
30 years$4,478$3,210$2,258$1,562$1,066$474
31 years$4,287$3,035$2,105$1,434$964$414
32 years$4,108$2,872$1,964$1,318$872$362
33 years$3,940$2,719$1,833$1,212$789$317
34 years$3,782$2,577$1,713$1,115$715$277
35 years$3,634$2,445$1,602$1,027$647$243
36 years$3,494$2,320$1,498$946$586$213
37 years$3,362$2,204$1,402$871$532$186
38 years$3,238$2,094$1,313$803$482$163
39 years$3,120$1,992$1,230$740$437$143
40 years$3,008$1,895$1,153$683$396$125
41 years$2,902$1,804$1,081$630$360$109
42 years$2,801$1,718$1,014$582$326$96
43 years$2,705$1,637$952$537$296$84
44 years$2,614$1,560$893$496$269$74
45 years$2,527$1,488$839$458$244$64
46 years$2,444$1,419$788$423$222$56
47 years$2,365$1,354$740$391$201$49
48 years$2,289$1,293$696$361$183$43
49 years$2,217$1,235$654$334$166$38
50 years$2,148$1,179$615$308$151$33

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 $3,296 every year, while hoping to spend $59,644 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: 66/20/14 Blend
64$2,200,000$2,200,000$2,200,000$2,200,000
65$2,427,800$2,311,200$2,277,100$2,579,873
66$2,611,975$2,360,988$2,289,922$2,731,597
67$2,812,936$2,411,216$2,301,175$2,890,090
68$3,032,334$2,461,844$2,310,742$3,061,837
69$3,271,983$2,512,826$2,318,503$3,248,132
70$3,533,883$2,564,112$2,324,331$3,450,399
71$3,820,234$2,615,648$2,328,090$3,670,209
72$4,133,457$2,667,374$2,329,641$3,909,291
73$4,476,222$2,719,228$2,328,836$4,169,550
74$4,851,465$2,771,139$2,325,521$4,453,086
75$5,262,421$2,823,031$2,319,532$4,762,213
76$5,712,652$2,874,823$2,310,700$5,099,479
77$6,206,081$2,926,428$2,298,847$5,467,694
78$6,747,027$2,977,749$2,283,784$5,869,953
79$7,340,250$3,028,684$2,265,317$6,309,667
80$7,990,989$3,079,124$2,243,239$6,790,595
81$8,705,018$3,128,949$2,217,336$7,316,881
82$9,488,695$3,178,033$2,187,382$7,893,089
83$10,349,024$3,226,238$2,153,141$8,524,251
84$11,293,720$3,273,419$2,114,366$9,215,912
85$12,331,280$3,319,418$2,070,799$9,974,184
86$13,471,069$3,364,067$2,022,168$10,805,800
87$14,723,399$3,407,187$1,968,192$11,718,186
88$16,099,632$3,448,586$1,908,573$12,719,521
89$17,612,286$3,488,059$1,843,002$13,818,822
90$19,275,152$3,525,386$1,771,154$15,026,026
91$21,103,421$3,560,334$1,692,692$16,352,087
92$23,113,834$3,592,654$1,607,261$17,809,075
93$25,324,831$3,622,080$1,514,491$19,410,295
94$27,756,732$3,648,330$1,413,994$21,170,409
95$30,431,923$3,671,102$1,305,367$23,105,579
96$33,375,069$3,690,077$1,188,187$25,233,616
97$36,613,348$3,704,912$1,062,013$27,574,152
98$40,176,703$3,715,246$926,384$30,148,823
99$44,098,127$3,720,694$780,818$32,981,475
100$48,413,973$3,720,845$624,813$36,098,391