Can I retire at age 63 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$174,242$172,690$171,176$169,698$168,254$166,845
2 years$86,258$84,652$83,095$81,585$80,121$78,700
3 years$56,934$55,321$53,768$52,273$50,832$49,444
4 years$42,275$40,667$39,129$37,659$36,254$34,910
5 years$33,482$31,883$30,366$28,926$27,560$26,263
6 years$27,622$26,035$24,540$23,132$21,807$20,560
7 years$23,438$21,864$20,393$19,018$17,735$16,537
8 years$20,301$18,742$17,295$15,954$14,713$13,565
9 years$17,862$16,318$14,896$13,589$12,390$11,292
10 years$15,913$14,383$12,987$11,714$10,557$9,508
11 years$14,319$12,805$11,433$10,195$9,080$8,078
12 years$12,991$11,493$10,147$8,942$7,868$6,914
13 years$11,869$10,386$9,065$7,895$6,861$5,953
14 years$10,908$9,441$8,145$7,008$6,014$5,151
15 years$10,076$8,624$7,354$6,250$5,296$4,475
16 years$9,348$7,913$6,668$5,596$4,680$3,902
17 years$8,707$7,287$6,067$5,028$4,150$3,413
18 years$8,137$6,734$5,539$4,531$3,690$2,993
19 years$7,629$6,241$5,070$4,094$3,289$2,630
20 years$7,171$5,799$4,653$3,708$2,938$2,316
21 years$6,758$5,402$4,280$3,365$2,629$2,042
22 years$6,383$5,042$3,945$3,060$2,356$1,804
23 years$6,041$4,716$3,642$2,787$2,115$1,595
24 years$5,728$4,419$3,369$2,542$1,901$1,412
25 years$5,440$4,147$3,120$2,321$1,711$1,251
26 years$5,175$3,897$2,894$2,122$1,541$1,110
27 years$4,930$3,668$2,687$1,943$1,389$985
28 years$4,703$3,456$2,498$1,780$1,254$875
29 years$4,492$3,260$2,324$1,632$1,132$778
30 years$4,295$3,079$2,165$1,498$1,023$691
31 years$4,111$2,911$2,019$1,376$925$615
32 years$3,940$2,754$1,883$1,264$837$547
33 years$3,779$2,608$1,758$1,163$757$487
34 years$3,627$2,472$1,643$1,070$685$434
35 years$3,485$2,345$1,536$985$621$387
36 years$3,351$2,225$1,437$907$562$344
37 years$3,225$2,114$1,345$836$510$307
38 years$3,105$2,009$1,260$770$462$274
39 years$2,992$1,910$1,180$710$419$244
40 years$2,885$1,817$1,106$655$380$218
41 years$2,783$1,730$1,037$604$345$194
42 years$2,686$1,647$973$558$313$173
43 years$2,594$1,570$913$515$284$154
44 years$2,507$1,496$857$475$258$138
45 years$2,424$1,427$805$439$234$123
46 years$2,344$1,361$756$406$212$110
47 years$2,268$1,299$710$375$193$98
48 years$2,196$1,240$667$346$175$87
49 years$2,126$1,184$627$320$159$78
50 years$2,060$1,131$590$296$145$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,110,000, adding $3,123 every year, while hoping to spend $37,363 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: 40/50/10 Blend
62$2,110,000$2,110,000$2,110,000$2,110,000
63$2,328,441$2,216,611$2,183,906$2,414,475
64$2,526,188$2,285,471$2,217,313$2,544,162
65$2,742,853$2,356,453$2,250,587$2,680,423
66$2,980,327$2,429,622$2,283,684$2,826,987
67$3,240,690$2,505,043$2,316,557$2,984,802
68$3,526,235$2,582,785$2,349,157$3,154,910
69$3,839,489$2,662,919$2,381,432$3,338,456
70$4,183,232$2,745,518$2,413,325$3,536,697
71$4,560,529$2,830,655$2,444,778$3,751,019
72$4,974,754$2,918,409$2,475,730$3,982,941
73$5,429,626$3,008,857$2,506,113$4,234,139
74$5,929,238$3,102,082$2,535,859$4,506,453
75$6,478,104$3,198,167$2,564,893$4,801,907
76$7,081,192$3,297,199$2,593,139$5,122,731
77$7,743,979$3,399,267$2,620,514$5,471,376
78$8,472,496$3,504,462$2,646,932$5,850,540
79$9,273,388$3,612,879$2,672,302$6,263,193
80$10,153,978$3,724,613$2,696,528$6,712,602
81$11,122,330$3,839,766$2,719,509$7,202,366
82$12,187,334$3,958,440$2,741,138$7,736,445
83$13,358,778$4,080,741$2,761,303$8,319,198
84$14,647,453$4,206,777$2,779,886$8,955,428
85$16,065,245$4,336,660$2,796,763$9,650,418
86$17,625,249$4,470,505$2,811,804$10,409,989
87$19,341,896$4,608,432$2,824,871$11,240,550
88$21,231,085$4,750,561$2,835,820$12,149,158
89$23,310,336$4,897,018$2,844,500$13,143,587
90$25,598,951$5,047,933$2,850,752$14,232,397
91$28,118,201$5,203,438$2,854,409$15,425,014
92$30,891,520$5,363,670$2,855,294$16,731,825
93$33,944,734$5,528,769$2,853,226$18,164,268
94$37,306,298$5,698,879$2,848,010$19,734,940
95$41,007,566$5,874,150$2,839,444$21,457,721
96$45,083,088$6,054,734$2,827,315$23,347,899
97$49,570,935$6,240,788$2,811,402$25,422,314
98$54,513,058$6,432,474$2,791,472$27,699,521
99$59,955,682$6,629,958$2,767,279$30,199,956
100$65,949,747$6,833,410$2,738,567$32,946,138