Can I retire at age 63 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$165,158$163,687$162,252$160,851$159,483$158,478
2 years$81,761$80,239$78,763$77,332$75,944$74,930
3 years$53,966$52,437$50,965$49,547$48,182$47,191
4 years$40,071$38,547$37,089$35,696$34,364$33,403
5 years$31,737$30,221$28,783$27,418$26,123$25,195
6 years$26,182$24,678$23,261$21,926$20,670$19,777
7 years$22,216$20,724$19,330$18,027$16,810$15,952
8 years$19,243$17,765$16,393$15,122$13,946$13,122
9 years$16,931$15,467$14,120$12,881$11,744$10,955
10 years$15,083$13,634$12,310$11,103$10,007$9,251
11 years$13,572$12,137$10,837$9,663$8,606$7,884
12 years$12,314$10,894$9,618$8,476$7,458$6,769
13 years$11,250$9,845$8,593$7,483$6,503$5,847
14 years$10,339$8,949$7,721$6,643$5,701$5,076
15 years$9,550$8,175$6,971$5,924$5,020$4,425
16 years$8,861$7,500$6,320$5,304$4,436$3,872
17 years$8,253$6,907$5,751$4,766$3,934$3,398
18 years$7,713$6,383$5,250$4,295$3,497$2,990
19 years$7,231$5,915$4,806$3,881$3,117$2,637
20 years$6,797$5,497$4,411$3,515$2,785$2,330
21 years$6,406$5,120$4,057$3,190$2,492$2,063
22 years$6,050$4,779$3,739$2,900$2,234$1,829
23 years$5,726$4,470$3,452$2,642$2,005$1,623
24 years$5,429$4,188$3,193$2,409$1,802$1,443
25 years$5,156$3,930$2,957$2,200$1,622$1,283
26 years$4,905$3,694$2,743$2,012$1,461$1,143
27 years$4,673$3,476$2,547$1,841$1,317$1,018
28 years$4,458$3,276$2,368$1,687$1,188$908
29 years$4,258$3,090$2,203$1,547$1,073$810
30 years$4,071$2,919$2,052$1,420$970$723
31 years$3,897$2,759$1,913$1,304$877$646
32 years$3,734$2,611$1,785$1,198$793$577
33 years$3,582$2,472$1,667$1,102$718$516
34 years$3,438$2,343$1,557$1,014$650$462
35 years$3,304$2,222$1,456$933$588$413
36 years$3,176$2,109$1,362$860$533$369
37 years$3,057$2,003$1,275$792$483$331
38 years$2,943$1,904$1,194$730$438$296
39 years$2,836$1,811$1,119$673$397$265
40 years$2,734$1,723$1,048$621$360$237
41 years$2,638$1,640$983$573$327$213
42 years$2,546$1,562$922$529$297$190
43 years$2,459$1,488$865$488$269$171
44 years$2,376$1,418$812$451$244$153
45 years$2,297$1,352$763$416$222$137
46 years$2,222$1,290$716$384$201$123
47 years$2,150$1,231$673$355$183$110
48 years$2,081$1,175$632$328$166$99
49 years$2,016$1,122$594$303$151$88
50 years$1,953$1,072$559$280$137$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,000,000, adding $5,814 every year, while hoping to spend $56,455 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: 38/33/29 Blend
62$2,000,000$2,000,000$2,000,000$2,000,000
63$2,209,997$2,103,997$2,072,997$2,274,720
64$2,375,349$2,147,025$2,082,375$2,365,939
65$2,555,675$2,190,270$2,090,175$2,458,882
66$2,752,442$2,233,681$2,096,284$2,558,266
67$2,967,267$2,277,207$2,100,585$2,664,712
68$3,201,926$2,320,789$2,102,953$2,778,909
69$3,458,379$2,364,364$2,103,258$2,901,615
70$3,738,781$2,407,865$2,101,365$3,033,670
71$4,045,505$2,451,218$2,097,128$3,175,999
72$4,381,163$2,494,345$2,090,399$3,329,624
73$4,748,634$2,537,160$2,081,019$3,495,673
74$5,151,085$2,579,571$2,068,824$3,675,391
75$5,592,007$2,621,481$2,053,640$3,870,155
76$6,075,241$2,662,783$2,035,287$4,081,483
77$6,605,019$2,703,363$2,013,573$4,311,050
78$7,186,003$2,743,100$1,988,299$4,560,707
79$7,823,327$2,781,863$1,959,259$4,832,496
80$8,522,644$2,819,513$1,926,232$5,128,672
81$9,290,184$2,855,899$1,888,991$5,451,722
82$10,132,808$2,890,863$1,847,297$5,804,393
83$11,058,072$2,924,233$1,800,900$6,189,717
84$12,074,303$2,955,828$1,749,537$6,611,037
85$13,190,670$2,985,452$1,692,935$7,072,045
86$14,417,279$3,012,899$1,630,808$7,576,815
87$15,765,257$3,037,947$1,562,856$8,129,841
88$17,246,868$3,060,361$1,488,767$8,736,084
89$18,875,620$3,079,891$1,408,212$9,401,014
90$20,666,397$3,096,269$1,320,851$10,130,672
91$22,635,595$3,109,211$1,226,325$10,931,716
92$24,801,279$3,118,416$1,124,260$11,811,497
93$27,183,355$3,123,564$1,014,268$12,778,122
94$29,803,751$3,124,312$895,940$13,840,534
95$32,686,629$3,120,299$768,850$15,008,599
96$35,858,613$3,111,141$632,553$16,293,198
97$39,349,034$3,096,430$486,587$17,706,336
98$43,190,212$3,075,732$330,464$19,261,251
99$47,417,760$3,048,589$163,681$20,972,546
100$52,070,915$3,014,513$0$22,856,326