Can I retire at age 63 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$173,416$171,871$170,364$168,893$167,457$163,942
2 years$85,850$84,251$82,701$81,199$79,741$76,217
3 years$56,665$55,059$53,513$52,025$50,591$47,167
4 years$42,075$40,474$38,944$37,481$36,082$32,784
5 years$33,323$31,732$30,222$28,789$27,429$24,267
6 years$27,491$25,912$24,424$23,023$21,704$18,681
7 years$23,327$21,761$20,296$18,928$17,651$14,768
8 years$20,205$18,653$17,213$15,878$14,643$11,899
9 years$17,778$16,241$14,825$13,525$12,332$9,725
10 years$15,837$14,315$12,925$11,659$10,507$8,035
11 years$14,251$12,744$11,379$10,146$9,037$6,696
12 years$12,930$11,438$10,099$8,900$7,831$5,618
13 years$11,813$10,337$9,023$7,857$6,829$4,740
14 years$10,856$9,396$8,107$6,975$5,986$4,017
15 years$10,028$8,583$7,319$6,220$5,271$3,417
16 years$9,304$7,875$6,636$5,570$4,658$2,916
17 years$8,666$7,253$6,039$5,004$4,130$2,495
18 years$8,099$6,702$5,512$4,510$3,672$2,139
19 years$7,592$6,211$5,046$4,075$3,273$1,838
20 years$7,137$5,772$4,631$3,691$2,924$1,581
21 years$6,726$5,376$4,260$3,350$2,616$1,363
22 years$6,352$5,018$3,926$3,045$2,345$1,175
23 years$6,012$4,694$3,625$2,774$2,105$1,015
24 years$5,700$4,398$3,353$2,530$1,892$877
25 years$5,414$4,127$3,105$2,310$1,703$758
26 years$5,150$3,879$2,880$2,112$1,534$656
27 years$4,906$3,650$2,674$1,934$1,383$568
28 years$4,680$3,440$2,486$1,772$1,248$492
29 years$4,470$3,245$2,313$1,625$1,127$426
30 years$4,275$3,064$2,155$1,491$1,018$370
31 years$4,092$2,897$2,009$1,369$920$321
32 years$3,921$2,741$1,874$1,258$833$278
33 years$3,761$2,596$1,750$1,157$753$241
34 years$3,610$2,460$1,635$1,065$682$209
35 years$3,469$2,334$1,529$980$618$182
36 years$3,335$2,215$1,430$903$560$158
37 years$3,209$2,104$1,339$832$507$137
38 years$3,090$1,999$1,254$767$460$119
39 years$2,978$1,901$1,174$707$417$103
40 years$2,871$1,809$1,101$652$378$90
41 years$2,770$1,722$1,032$602$343$78
42 years$2,674$1,640$968$555$311$68
43 years$2,582$1,562$909$512$283$59
44 years$2,495$1,489$853$473$257$51
45 years$2,412$1,420$801$437$233$44
46 years$2,333$1,355$752$404$211$38
47 years$2,258$1,293$707$373$192$33
48 years$2,185$1,234$664$345$174$29
49 years$2,116$1,179$624$318$158$25
50 years$2,050$1,126$587$294$144$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,100,000, adding $5,951 every year, while hoping to spend $30,509 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: 50/43/7 Blend
62$2,100,000$2,100,000$2,100,000$2,100,000
63$2,320,338$2,209,038$2,176,488$2,431,939
64$2,524,552$2,284,820$2,216,939$2,584,442
65$2,748,572$2,363,292$2,257,723$2,746,300
66$2,994,388$2,444,555$2,298,818$2,921,451
67$3,264,189$2,528,712$2,340,202$3,111,147
68$3,560,387$2,615,870$2,381,850$3,316,763
69$3,885,640$2,706,141$2,423,736$3,539,813
70$4,242,875$2,799,641$2,465,830$3,781,959
71$4,635,316$2,896,492$2,508,103$4,045,030
72$5,066,516$2,996,817$2,550,522$4,331,038
73$5,540,387$3,100,748$2,593,052$4,642,196
74$6,061,242$3,208,420$2,635,654$4,980,937
75$6,633,830$3,319,973$2,678,289$5,349,939
76$7,263,383$3,435,555$2,720,915$5,752,149
77$7,955,667$3,555,316$2,763,484$6,190,808
78$8,717,034$3,679,415$2,805,950$6,669,485
79$9,554,481$3,808,017$2,848,259$7,192,105
80$10,475,720$3,941,291$2,890,358$7,762,991
81$11,489,246$4,079,417$2,932,187$8,386,899
82$12,604,419$4,222,578$2,973,686$9,069,066
83$13,831,553$4,370,968$3,014,787$9,815,258
84$15,182,011$4,524,785$3,055,422$10,631,819
85$16,668,315$4,684,238$3,095,517$11,525,739
86$18,304,260$4,849,543$3,134,994$12,504,711
87$20,105,049$5,020,924$3,173,771$13,577,206
88$22,087,431$5,198,617$3,211,759$14,752,555
89$24,269,864$5,382,864$3,248,868$16,041,028
90$26,672,685$5,573,919$3,285,000$17,453,941
91$29,318,303$5,772,046$3,320,052$19,003,752
92$32,231,412$5,977,518$3,353,916$20,704,183
93$35,439,222$6,190,622$3,386,477$22,570,347
94$38,971,714$6,411,654$3,417,616$24,618,892
95$42,861,928$6,640,924$3,447,205$26,868,150
96$47,146,269$6,878,754$3,475,111$29,338,318
97$51,864,855$7,125,479$3,501,193$32,051,641
98$57,061,890$7,381,448$3,525,304$35,032,623
99$62,786,089$7,647,024$3,547,287$38,308,259
100$69,091,127$7,922,586$3,566,979$41,908,283