Can I retire at age 75 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%13.2%
1 years$181,674$180,056$178,477$176,936$175,431$173,095
2 years$89,938$88,263$86,639$85,065$83,539$81,189
3 years$59,363$57,681$56,061$54,502$53,000$50,710
4 years$44,078$42,401$40,798$39,266$37,800$35,587
5 years$34,910$33,243$31,661$30,160$28,735$26,605
6 years$28,800$27,146$25,587$24,119$22,737$20,693
7 years$24,437$22,797$21,263$19,830$18,491$16,534
8 years$21,167$19,541$18,033$16,635$15,340$13,470
9 years$18,624$17,014$15,531$14,169$12,919$11,134
10 years$16,592$14,997$13,541$12,214$11,007$9,306
11 years$14,930$13,351$11,921$10,630$9,467$7,848
12 years$13,546$11,983$10,580$9,324$8,204$6,666
13 years$12,375$10,829$9,452$8,231$7,154$5,695
14 years$11,373$9,843$8,493$7,307$6,271$4,889
15 years$10,505$8,992$7,668$6,516$5,521$4,214
16 years$9,747$8,250$6,952$5,835$4,880$3,644
17 years$9,078$7,598$6,326$5,243$4,327$3,160
18 years$8,485$7,021$5,775$4,725$3,847$2,748
19 years$7,954$6,507$5,287$4,269$3,429$2,394
20 years$7,477$6,047$4,852$3,866$3,063$2,089
21 years$7,046$5,632$4,463$3,509$2,741$1,826
22 years$6,655$5,257$4,113$3,191$2,457$1,598
23 years$6,298$4,917$3,798$2,906$2,205$1,400
24 years$5,972$4,607$3,512$2,650$1,982$1,228
25 years$5,672$4,323$3,253$2,420$1,784$1,078
26 years$5,396$4,063$3,017$2,213$1,607$947
27 years$5,140$3,824$2,802$2,026$1,449$833
28 years$4,903$3,603$2,604$1,856$1,307$733
29 years$4,683$3,399$2,424$1,702$1,180$645
30 years$4,478$3,210$2,258$1,562$1,066$568
31 years$4,287$3,035$2,105$1,434$964$500
32 years$4,108$2,872$1,964$1,318$872$441
33 years$3,940$2,719$1,833$1,212$789$388
34 years$3,782$2,577$1,713$1,115$715$342
35 years$3,634$2,445$1,602$1,027$647$302
36 years$3,494$2,320$1,498$946$586$266
37 years$3,362$2,204$1,402$871$532$235
38 years$3,238$2,094$1,313$803$482$207
39 years$3,120$1,992$1,230$740$437$183
40 years$3,008$1,895$1,153$683$396$161
41 years$2,902$1,804$1,081$630$360$143
42 years$2,801$1,718$1,014$582$326$126
43 years$2,705$1,637$952$537$296$111
44 years$2,614$1,560$893$496$269$98
45 years$2,527$1,488$839$458$244$87
46 years$2,444$1,419$788$423$222$76
47 years$2,365$1,354$740$391$201$68
48 years$2,289$1,293$696$361$183$60
49 years$2,217$1,235$654$334$166$53
50 years$2,148$1,179$615$308$151$46

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 $6,543 every year, while hoping to spend $45,407 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: 52/41/7 Blend
74$2,200,000$2,200,000$2,200,000$2,200,000
75$2,431,149$2,314,549$2,280,449$2,553,080
76$2,630,814$2,379,649$2,308,531$2,701,682
77$2,849,322$2,446,418$2,336,033$2,857,717
78$3,088,549$2,514,888$2,362,885$3,026,313
79$3,350,557$2,585,094$2,389,019$3,208,662
80$3,637,620$2,657,069$2,414,357$3,406,075
81$3,952,241$2,730,849$2,438,821$3,619,997
82$4,297,175$2,806,467$2,462,328$3,852,016
83$4,675,460$2,883,957$2,484,789$4,103,879
84$5,090,439$2,963,353$2,506,112$4,377,512
85$5,545,796$3,044,689$2,526,198$4,675,032
86$6,045,587$3,127,999$2,544,946$4,998,771
87$6,594,282$3,213,316$2,562,246$5,351,297
88$7,196,803$3,300,672$2,577,986$5,735,437
89$7,858,573$3,390,102$2,592,044$6,154,304
90$8,585,566$3,481,635$2,604,297$6,611,326
91$9,384,363$3,575,305$2,614,610$7,110,278
92$10,262,214$3,671,140$2,622,845$7,655,319
93$11,227,106$3,769,173$2,628,857$8,251,027
94$12,287,839$3,869,430$2,632,491$8,902,447
95$13,454,107$3,971,940$2,633,588$9,615,133
96$14,736,591$4,076,730$2,631,978$10,395,208
97$16,147,058$4,183,825$2,627,485$11,249,411
98$17,698,474$4,293,249$2,619,922$12,185,170
99$19,405,124$4,405,023$2,609,094$13,210,665
100$21,282,746$4,519,169$2,594,799$14,334,911