Can I retire at age 63 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$170,939$169,416$167,930$166,481$165,065$162,531
2 years$84,623$83,047$81,520$80,039$78,602$76,056
3 years$55,855$54,272$52,749$51,282$49,868$47,388
4 years$41,474$39,896$38,387$36,945$35,567$33,172
5 years$32,847$31,279$29,790$28,378$27,037$24,735
6 years$27,098$25,541$24,075$22,694$21,394$19,186
7 years$22,993$21,450$20,006$18,658$17,399$15,287
8 years$19,916$18,386$16,967$15,652$14,434$12,418
9 years$17,524$16,009$14,614$13,332$12,155$10,234
10 years$15,611$14,111$12,741$11,492$10,357$8,529
11 years$14,047$12,562$11,217$10,002$8,907$7,170
12 years$12,745$11,275$9,954$8,773$7,719$6,071
13 years$11,644$10,189$8,894$7,745$6,731$5,169
14 years$10,701$9,262$7,991$6,875$5,900$4,423
15 years$9,885$8,461$7,215$6,131$5,195$3,799
16 years$9,171$7,763$6,541$5,490$4,592$3,274
17 years$8,542$7,149$5,952$4,933$4,071$2,829
18 years$7,983$6,606$5,434$4,445$3,620$2,451
19 years$7,484$6,122$4,974$4,017$3,226$2,127
20 years$7,035$5,689$4,565$3,638$2,882$1,850
21 years$6,630$5,299$4,199$3,302$2,579$1,611
22 years$6,262$4,947$3,870$3,002$2,312$1,404
23 years$5,926$4,627$3,573$2,734$2,075$1,226
24 years$5,619$4,335$3,305$2,494$1,865$1,071
25 years$5,337$4,068$3,061$2,277$1,678$937
26 years$5,077$3,823$2,839$2,082$1,512$820
27 years$4,836$3,598$2,636$1,906$1,363$718
28 years$4,614$3,391$2,451$1,746$1,230$629
29 years$4,407$3,199$2,280$1,601$1,111$551
30 years$4,214$3,021$2,124$1,470$1,003$483
31 years$4,034$2,856$1,980$1,350$907$424
32 years$3,865$2,702$1,848$1,240$821$372
33 years$3,707$2,559$1,725$1,141$743$326
34 years$3,559$2,425$1,612$1,050$672$287
35 years$3,419$2,300$1,507$966$609$252
36 years$3,288$2,183$1,410$890$552$221
37 years$3,164$2,074$1,320$820$500$194
38 years$3,046$1,971$1,236$756$453$171
39 years$2,935$1,874$1,158$697$411$150
40 years$2,830$1,783$1,085$643$373$132
41 years$2,730$1,697$1,017$593$338$116
42 years$2,635$1,616$954$547$307$102
43 years$2,545$1,540$896$505$279$89
44 years$2,459$1,468$841$466$253$79
45 years$2,378$1,400$789$431$230$69
46 years$2,300$1,335$741$398$208$61
47 years$2,225$1,274$697$368$189$53
48 years$2,154$1,217$655$340$172$47
49 years$2,086$1,162$615$314$156$41
50 years$2,021$1,110$578$290$142$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,070,000, adding $5,499 every year, while hoping to spend $54,919 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: 51/24/25 Blend
62$2,070,000$2,070,000$2,070,000$2,070,000
63$2,286,812$2,177,102$2,145,017$2,387,151
64$2,461,634$2,225,347$2,158,442$2,505,644
65$2,652,446$2,274,115$2,170,476$2,628,405
66$2,860,823$2,323,374$2,181,014$2,760,778
67$3,088,496$2,373,088$2,189,947$2,903,700
68$3,337,371$2,423,218$2,197,159$3,058,203
69$3,609,548$2,473,721$2,202,529$3,225,424
70$3,907,338$2,524,549$2,205,929$3,406,618
71$4,233,285$2,575,650$2,207,226$3,603,167
72$4,590,191$2,626,968$2,206,280$3,816,596
73$4,981,143$2,678,442$2,202,942$4,048,586
74$5,409,539$2,730,005$2,197,060$4,300,990
75$5,879,121$2,781,585$2,188,471$4,575,852
76$6,394,012$2,833,103$2,177,005$4,875,426
77$6,958,751$2,884,475$2,162,485$5,202,194
78$7,578,339$2,935,609$2,144,723$5,558,898
79$8,258,283$2,986,407$2,123,525$5,948,557
80$9,004,650$3,036,764$2,098,685$6,374,502
81$9,824,124$3,086,565$2,069,991$6,840,405
82$10,724,065$3,135,687$2,037,216$7,350,314
83$11,712,584$3,184,000$2,000,127$7,908,694
84$12,798,614$3,231,362$1,958,477$8,520,466
85$13,991,996$3,277,622$1,912,010$9,191,058
86$15,303,572$3,322,618$1,860,455$9,926,453
87$16,745,288$3,366,178$1,803,532$10,733,248
88$18,330,302$3,408,116$1,740,945$11,618,716
89$20,073,114$3,448,234$1,672,387$12,590,877
90$21,989,695$3,486,321$1,597,536$13,658,571
91$24,097,645$3,522,152$1,516,054$14,831,547
92$26,416,353$3,555,486$1,427,591$16,120,549
93$28,967,183$3,586,067$1,331,777$17,537,427
94$31,773,674$3,613,622$1,228,229$19,095,240
95$34,861,759$3,637,860$1,116,545$20,808,388
96$38,260,015$3,658,471$996,306$22,692,745
97$41,999,927$3,675,127$867,073$24,765,812
98$46,116,188$3,687,476$728,388$27,046,879
99$50,647,024$3,695,148$579,774$29,557,213
100$55,634,555$3,697,745$420,731$32,320,260