Can I retire at age 63 with 2,050,000?

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 $2,050,000?

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 years$169,287$167,779$166,308$164,872$163,470$160,762
2 years$83,805$82,245$80,732$79,265$77,843$75,122
3 years$55,315$53,748$52,239$50,786$49,387$46,739
4 years$41,073$39,510$38,017$36,589$35,223$32,668
5 years$32,530$30,977$29,502$28,104$26,776$24,321
6 years$26,836$25,295$23,842$22,475$21,187$18,834
7 years$22,771$21,242$19,813$18,478$17,231$14,982
8 years$19,724$18,209$16,803$15,500$14,294$12,149
9 years$17,355$15,854$14,472$13,203$12,038$9,994
10 years$15,460$13,974$12,617$11,381$10,257$8,314
11 years$13,912$12,441$11,108$9,905$8,821$6,976
12 years$12,622$11,166$9,858$8,688$7,644$5,895
13 years$11,532$10,091$8,808$7,670$6,666$5,010
14 years$10,598$9,172$7,914$6,809$5,843$4,278
15 years$9,789$8,379$7,145$6,072$5,145$3,667
16 years$9,082$7,688$6,478$5,437$4,547$3,153
17 years$8,459$7,080$5,895$4,885$4,032$2,719
18 years$7,906$6,542$5,381$4,402$3,585$2,351
19 years$7,412$6,063$4,926$3,978$3,195$2,036
20 years$6,967$5,634$4,521$3,603$2,854$1,766
21 years$6,566$5,248$4,158$3,270$2,554$1,534
22 years$6,201$4,899$3,833$2,973$2,289$1,335
23 years$5,869$4,582$3,539$2,708$2,055$1,162
24 years$5,565$4,293$3,273$2,469$1,847$1,013
25 years$5,285$4,029$3,031$2,255$1,662$884
26 years$5,028$3,786$2,811$2,062$1,497$772
27 years$4,790$3,563$2,611$1,887$1,350$674
28 years$4,569$3,358$2,427$1,729$1,218$589
29 years$4,364$3,168$2,258$1,586$1,100$515
30 years$4,173$2,992$2,104$1,455$994$451
31 years$3,995$2,828$1,961$1,337$898$394
32 years$3,828$2,676$1,830$1,228$813$345
33 years$3,671$2,534$1,708$1,130$736$302
34 years$3,524$2,402$1,596$1,039$666$265
35 years$3,386$2,278$1,492$957$603$232
36 years$3,256$2,162$1,396$881$546$203
37 years$3,133$2,054$1,307$812$495$178
38 years$3,017$1,952$1,224$748$449$156
39 years$2,907$1,856$1,146$690$407$137
40 years$2,803$1,766$1,075$636$369$120
41 years$2,704$1,681$1,008$587$335$105
42 years$2,610$1,601$945$542$304$92
43 years$2,521$1,525$887$500$276$81
44 years$2,436$1,454$833$462$250$71
45 years$2,355$1,386$782$427$227$62
46 years$2,277$1,322$734$394$206$54
47 years$2,204$1,262$690$364$187$48
48 years$2,133$1,205$648$336$170$42
49 years$2,066$1,150$609$311$155$37
50 years$2,002$1,099$573$287$140$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,050,000, adding $3,274 every year, while hoping to spend $51,190 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: 30/49/21 Blend
62$2,050,000$2,050,000$2,050,000$2,050,000
63$2,262,477$2,153,827$2,122,052$2,315,415
64$2,438,784$2,204,899$2,138,675$2,407,127
65$2,631,359$2,256,758$2,154,139$2,500,910
66$2,841,806$2,309,387$2,168,352$2,600,730
67$3,071,894$2,362,771$2,181,215$2,707,141
68$3,323,567$2,416,887$2,192,626$2,820,753
69$3,598,969$2,471,713$2,202,477$2,942,240
70$3,900,459$2,527,221$2,210,655$3,072,342
71$4,230,634$2,583,383$2,217,040$3,211,879
72$4,592,355$2,640,165$2,221,507$3,361,752
73$4,988,773$2,697,531$2,223,925$3,522,954
74$5,423,357$2,755,440$2,224,156$3,696,584
75$5,899,929$2,813,846$2,222,056$3,883,848
76$6,422,699$2,872,702$2,217,472$4,086,082
77$6,996,302$2,931,952$2,210,244$4,304,755
78$7,625,845$2,991,537$2,200,208$4,541,490
79$8,316,952$3,051,394$2,187,186$4,798,074
80$9,075,821$3,111,452$2,170,996$5,076,481
81$9,909,276$3,171,635$2,151,446$5,378,886
82$10,824,837$3,231,859$2,128,334$5,707,690
83$11,830,787$3,292,037$2,101,450$6,065,539
84$12,936,251$3,352,070$2,070,572$6,455,352
85$14,151,282$3,411,855$2,035,470$6,880,349
86$15,486,955$3,471,279$1,995,900$7,344,082
87$16,955,473$3,530,220$1,951,612$7,850,468
88$18,570,278$3,588,548$1,902,338$8,403,825
89$20,346,182$3,646,122$1,847,801$9,008,919
90$22,299,503$3,702,792$1,787,713$9,671,004
91$24,448,220$3,758,396$1,721,769$10,395,876
92$26,812,142$3,812,762$1,649,652$11,189,925
93$29,413,095$3,865,702$1,571,030$12,060,201
94$32,275,129$3,917,019$1,485,558$13,014,476
95$35,424,740$3,966,501$1,392,871$14,061,323
96$38,891,123$4,013,920$1,292,593$15,210,196
97$42,706,450$4,059,034$1,184,327$16,471,520
98$46,906,165$4,101,584$1,067,659$17,856,790
99$51,529,326$4,141,294$942,158$19,378,684
100$56,618,970$4,177,870$807,373$21,051,181