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

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$174,242$172,690$171,176$169,698$168,254$162,091
2 years$86,258$84,652$83,095$81,585$80,121$73,980
3 years$56,934$55,321$53,768$52,273$50,832$44,907
4 years$42,275$40,667$39,129$37,659$36,254$30,590
5 years$33,482$31,883$30,366$28,926$27,560$22,171
6 years$27,622$26,035$24,540$23,132$21,807$16,698
7 years$23,438$21,864$20,393$19,018$17,735$12,904
8 years$20,301$18,742$17,295$15,954$14,713$10,156
9 years$17,862$16,318$14,896$13,589$12,390$8,101
10 years$15,913$14,383$12,987$11,714$10,557$6,528
11 years$14,319$12,805$11,433$10,195$9,080$5,302
12 years$12,991$11,493$10,147$8,942$7,868$4,332
13 years$11,869$10,386$9,065$7,895$6,861$3,558
14 years$10,908$9,441$8,145$7,008$6,014$2,933
15 years$10,076$8,624$7,354$6,250$5,296$2,426
16 years$9,348$7,913$6,668$5,596$4,680$2,012
17 years$8,707$7,287$6,067$5,028$4,150$1,672
18 years$8,137$6,734$5,539$4,531$3,690$1,391
19 years$7,629$6,241$5,070$4,094$3,289$1,160
20 years$7,171$5,799$4,653$3,708$2,938$968
21 years$6,758$5,402$4,280$3,365$2,629$809
22 years$6,383$5,042$3,945$3,060$2,356$676
23 years$6,041$4,716$3,642$2,787$2,115$566
24 years$5,728$4,419$3,369$2,542$1,901$474
25 years$5,440$4,147$3,120$2,321$1,711$397
26 years$5,175$3,897$2,894$2,122$1,541$332
27 years$4,930$3,668$2,687$1,943$1,389$279
28 years$4,703$3,456$2,498$1,780$1,254$234
29 years$4,492$3,260$2,324$1,632$1,132$196
30 years$4,295$3,079$2,165$1,498$1,023$164
31 years$4,111$2,911$2,019$1,376$925$138
32 years$3,940$2,754$1,883$1,264$837$116
33 years$3,779$2,608$1,758$1,163$757$97
34 years$3,627$2,472$1,643$1,070$685$81
35 years$3,485$2,345$1,536$985$621$68
36 years$3,351$2,225$1,437$907$562$57
37 years$3,225$2,114$1,345$836$510$48
38 years$3,105$2,009$1,260$770$462$40
39 years$2,992$1,910$1,180$710$419$34
40 years$2,885$1,817$1,106$655$380$28
41 years$2,783$1,730$1,037$604$345$24
42 years$2,686$1,647$973$558$313$20
43 years$2,594$1,570$913$515$284$17
44 years$2,507$1,496$857$475$258$14
45 years$2,424$1,427$805$439$234$12
46 years$2,344$1,361$756$406$212$10
47 years$2,268$1,299$710$375$193$8
48 years$2,196$1,240$667$346$175$7
49 years$2,126$1,184$627$320$159$6
50 years$2,060$1,131$590$296$145$5

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 $4,333 every year, while hoping to spend $54,576 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: 38/46/16 Blend
62$2,110,000$2,110,000$2,110,000$2,110,000
63$2,329,689$2,217,859$2,185,154$2,406,826
64$2,509,249$2,268,466$2,200,289$2,513,110
65$2,705,295$2,319,723$2,214,101$2,622,345
66$2,919,451$2,371,605$2,226,489$2,739,235
67$3,153,504$2,424,084$2,237,346$2,864,495
68$3,409,424$2,477,126$2,246,559$2,998,915
69$3,689,376$2,530,696$2,254,009$3,143,368
70$3,995,748$2,584,755$2,259,574$3,298,813
71$4,331,166$2,639,260$2,263,122$3,466,307
72$4,698,524$2,694,163$2,264,515$3,647,017
73$5,101,008$2,749,412$2,263,612$3,842,228
74$5,542,128$2,804,950$2,260,260$4,053,357
75$6,025,748$2,860,715$2,254,301$4,281,968
76$6,556,124$2,916,640$2,245,570$4,529,782
77$7,137,945$2,972,651$2,233,892$4,798,698
78$7,776,373$3,028,670$2,219,086$5,090,812
79$8,477,098$3,084,609$2,200,960$5,408,432
80$9,246,384$3,140,377$2,179,314$5,754,103
81$10,091,133$3,195,873$2,153,939$6,130,633
82$11,018,947$3,250,990$2,124,615$6,541,118
83$12,038,202$3,305,610$2,091,111$6,988,971
84$13,158,123$3,359,610$2,053,188$7,477,955
85$14,388,875$3,412,854$2,010,593$8,012,220
86$15,741,655$3,465,199$1,963,063$8,596,343
87$17,228,800$3,516,490$1,910,322$9,235,370
88$18,863,901$3,566,561$1,852,081$9,934,864
89$20,661,932$3,615,235$1,788,039$10,700,961
90$22,639,390$3,662,323$1,717,879$11,540,427
91$24,814,452$3,707,621$1,641,272$12,460,719
92$27,207,144$3,750,913$1,557,873$13,470,064
93$29,839,532$3,791,967$1,467,321$14,577,530
94$32,735,928$3,830,536$1,369,239$15,793,116
95$35,923,117$3,866,357$1,263,234$17,127,849
96$39,430,616$3,899,150$1,148,893$18,593,884
97$43,290,945$3,928,614$1,025,787$20,204,626
98$47,539,937$3,954,432$893,467$21,974,851
99$52,217,076$3,976,265$751,463$23,920,853
100$57,365,868$3,993,751$599,287$26,060,596