Can I retire at age 63 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$175,893$174,327$172,798$171,306$169,849$163,823
2 years$87,076$85,454$83,883$82,359$80,881$74,873
3 years$57,474$55,845$54,278$52,768$51,314$45,515
4 years$42,676$41,052$39,500$38,016$36,598$31,050
5 years$33,799$32,185$30,654$29,200$27,821$22,541
6 years$27,884$26,282$24,773$23,352$22,014$17,004
7 years$23,660$22,071$20,586$19,199$17,903$13,163
8 years$20,493$18,919$17,459$16,105$14,852$10,378
9 years$18,032$16,473$15,037$13,718$12,508$8,294
10 years$16,064$14,520$13,110$11,825$10,657$6,696
11 years$14,455$12,926$11,542$10,291$9,166$5,449
12 years$13,115$11,602$10,243$9,027$7,943$4,462
13 years$11,982$10,485$9,151$7,969$6,926$3,671
14 years$11,011$9,530$8,223$7,074$6,071$3,033
15 years$10,171$8,706$7,424$6,309$5,346$2,514
16 years$9,437$7,988$6,731$5,649$4,725$2,089
17 years$8,789$7,356$6,125$5,076$4,189$1,740
18 years$8,215$6,798$5,591$4,574$3,725$1,452
19 years$7,701$6,300$5,118$4,133$3,320$1,213
20 years$7,239$5,854$4,697$3,743$2,966$1,015
21 years$6,822$5,453$4,321$3,397$2,654$850
22 years$6,443$5,090$3,982$3,089$2,379$712
23 years$6,098$4,761$3,677$2,813$2,135$597
24 years$5,782$4,460$3,400$2,566$1,919$501
25 years$5,491$4,186$3,150$2,343$1,727$421
26 years$5,224$3,934$2,921$2,143$1,556$353
27 years$4,977$3,702$2,712$1,961$1,403$297
28 years$4,747$3,489$2,522$1,797$1,266$250
29 years$4,534$3,291$2,347$1,648$1,143$210
30 years$4,336$3,108$2,186$1,512$1,033$176
31 years$4,150$2,938$2,038$1,389$934$148
32 years$3,977$2,780$1,901$1,276$844$125
33 years$3,815$2,633$1,775$1,174$764$105
34 years$3,662$2,495$1,659$1,080$692$88
35 years$3,518$2,367$1,551$994$627$74
36 years$3,383$2,247$1,451$916$568$63
37 years$3,255$2,134$1,358$844$515$53
38 years$3,135$2,028$1,271$778$467$44
39 years$3,020$1,928$1,191$717$423$37
40 years$2,912$1,835$1,117$661$384$31
41 years$2,809$1,746$1,047$610$348$26
42 years$2,712$1,663$982$563$316$22
43 years$2,619$1,585$922$520$287$19
44 years$2,531$1,510$865$480$260$16
45 years$2,447$1,440$812$443$236$13
46 years$2,366$1,374$763$409$215$11
47 years$2,290$1,311$717$378$195$9
48 years$2,217$1,252$674$350$177$8
49 years$2,147$1,195$633$323$161$7
50 years$2,080$1,142$595$299$146$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,130,000, adding $3,371 every year, while hoping to spend $24,240 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: 54/28/18 Blend
62$2,130,000$2,130,000$2,130,000$2,130,000
63$2,350,737$2,237,847$2,204,832$2,466,082
64$2,564,721$2,321,711$2,252,903$2,629,185
65$2,799,719$2,408,871$2,301,772$2,803,780
66$3,057,849$2,499,464$2,351,439$2,993,299
67$3,341,443$2,593,632$2,401,906$3,199,172
68$3,653,073$2,691,522$2,453,173$3,422,973
69$3,995,569$2,793,289$2,505,237$3,666,431
70$4,372,051$2,899,094$2,558,096$3,931,449
71$4,785,956$3,009,105$2,611,747$4,220,122
72$5,241,069$3,123,497$2,666,187$4,534,753
73$5,741,563$3,242,453$2,721,409$4,877,878
74$6,292,033$3,366,164$2,777,407$5,252,285
75$6,897,543$3,494,829$2,834,173$5,661,047
76$7,563,673$3,628,656$2,891,698$6,107,542
77$8,296,569$3,767,861$2,949,971$6,595,490
78$9,103,005$3,912,672$3,008,981$7,128,986
79$9,990,442$4,063,325$3,068,713$7,712,538
80$10,967,105$4,220,065$3,129,153$8,351,109
81$12,042,053$4,383,152$3,190,283$9,050,163
82$13,225,270$4,552,853$3,252,084$9,815,716
83$14,527,754$4,729,450$3,314,536$10,654,392
84$15,961,628$4,913,236$3,377,616$11,573,488
85$17,540,246$5,104,516$3,441,298$12,581,034
86$19,278,325$5,303,611$3,505,555$13,685,879
87$21,192,080$5,510,854$3,570,357$14,897,763
88$23,299,381$5,726,595$3,635,673$16,227,418
89$25,619,916$5,951,196$3,701,466$17,686,659
90$28,175,381$6,185,039$3,767,699$19,288,503
91$30,989,685$6,428,520$3,834,332$21,047,286
92$34,089,170$6,682,055$3,901,319$22,978,798
93$37,502,867$6,946,078$3,968,615$25,100,434
94$41,262,764$7,221,040$4,036,168$27,431,351
95$45,404,110$7,507,415$4,103,924$29,992,657
96$49,965,749$7,805,698$4,171,825$32,807,599
97$54,990,484$8,116,406$4,239,809$35,901,790
98$60,525,480$8,440,076$4,307,810$39,303,444
99$66,622,714$8,777,275$4,375,757$43,043,642
100$73,339,460$9,128,591$4,443,574$47,156,628