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%15.4%
1 years$175,893$174,327$172,798$171,306$169,849$166,081
2 years$87,076$85,454$83,883$82,359$80,881$77,103
3 years$57,474$55,845$54,278$52,768$51,314$47,646
4 years$42,676$41,052$39,500$38,016$36,598$33,067
5 years$33,799$32,185$30,654$29,200$27,821$24,438
6 years$27,884$26,282$24,773$23,352$22,014$18,782
7 years$23,660$22,071$20,586$19,199$17,903$14,823
8 years$20,493$18,919$17,459$16,105$14,852$11,923
9 years$18,032$16,473$15,037$13,718$12,508$9,727
10 years$16,064$14,520$13,110$11,825$10,657$8,021
11 years$14,455$12,926$11,542$10,291$9,166$6,672
12 years$13,115$11,602$10,243$9,027$7,943$5,587
13 years$11,982$10,485$9,151$7,969$6,926$4,704
14 years$11,011$9,530$8,223$7,074$6,071$3,979
15 years$10,171$8,706$7,424$6,309$5,346$3,378
16 years$9,437$7,988$6,731$5,649$4,725$2,876
17 years$8,789$7,356$6,125$5,076$4,189$2,456
18 years$8,215$6,798$5,591$4,574$3,725$2,101
19 years$7,701$6,300$5,118$4,133$3,320$1,801
20 years$7,239$5,854$4,697$3,743$2,966$1,546
21 years$6,822$5,453$4,321$3,397$2,654$1,329
22 years$6,443$5,090$3,982$3,089$2,379$1,144
23 years$6,098$4,761$3,677$2,813$2,135$985
24 years$5,782$4,460$3,400$2,566$1,919$849
25 years$5,491$4,186$3,150$2,343$1,727$733
26 years$5,224$3,934$2,921$2,143$1,556$633
27 years$4,977$3,702$2,712$1,961$1,403$546
28 years$4,747$3,489$2,522$1,797$1,266$472
29 years$4,534$3,291$2,347$1,648$1,143$408
30 years$4,336$3,108$2,186$1,512$1,033$353
31 years$4,150$2,938$2,038$1,389$934$305
32 years$3,977$2,780$1,901$1,276$844$264
33 years$3,815$2,633$1,775$1,174$764$229
34 years$3,662$2,495$1,659$1,080$692$198
35 years$3,518$2,367$1,551$994$627$171
36 years$3,383$2,247$1,451$916$568$148
37 years$3,255$2,134$1,358$844$515$128
38 years$3,135$2,028$1,271$778$467$111
39 years$3,020$1,928$1,191$717$423$96
40 years$2,912$1,835$1,117$661$384$83
41 years$2,809$1,746$1,047$610$348$72
42 years$2,712$1,663$982$563$316$63
43 years$2,619$1,585$922$520$287$54
44 years$2,531$1,510$865$480$260$47
45 years$2,447$1,440$812$443$236$41
46 years$2,366$1,374$763$409$215$35
47 years$2,290$1,311$717$378$195$31
48 years$2,217$1,252$674$350$177$26
49 years$2,147$1,195$633$323$161$23
50 years$2,080$1,142$595$299$146$20

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 $5,464 every year, while hoping to spend $43,238 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: 43/44/13 Blend
62$2,130,000$2,130,000$2,130,000$2,130,000
63$2,352,896$2,240,006$2,206,991$2,444,968
64$2,546,887$2,303,762$2,234,920$2,573,675
65$2,759,215$2,369,192$2,262,336$2,708,273
66$2,991,706$2,436,333$2,289,176$2,853,141
67$3,246,369$2,505,223$2,315,372$3,009,240
68$3,525,418$2,575,898$2,340,856$3,177,625
69$3,831,289$2,648,395$2,365,553$3,359,460
70$4,166,666$2,722,752$2,389,385$3,556,022
71$4,534,507$2,799,008$2,412,270$3,768,720
72$4,938,066$2,877,199$2,434,121$3,999,102
73$5,380,932$2,957,364$2,454,847$4,248,874
74$5,867,054$3,039,542$2,474,351$4,519,912
75$6,400,784$3,123,771$2,492,532$4,814,282
76$6,986,916$3,210,088$2,509,285$5,134,261
77$7,630,732$3,298,532$2,524,496$5,482,352
78$8,338,048$3,389,141$2,538,048$5,861,314
79$9,115,273$3,481,953$2,549,816$6,274,186
80$9,969,467$3,577,006$2,559,672$6,724,312
81$10,908,409$3,674,335$2,567,477$7,215,377
82$11,940,668$3,773,979$2,573,089$7,751,440
83$13,075,684$3,875,972$2,576,356$8,336,970
84$14,323,860$3,980,351$2,577,120$8,976,893
85$15,696,656$4,087,150$2,575,215$9,676,632
86$17,206,697$4,196,402$2,570,466$10,442,162
87$18,867,895$4,308,141$2,562,692$11,280,067
88$20,695,577$4,422,397$2,551,700$12,197,599
89$22,706,633$4,539,202$2,537,289$13,202,747
90$24,919,670$4,658,583$2,519,248$14,304,314
91$27,355,191$4,780,568$2,497,358$15,511,999
92$30,035,788$4,905,183$2,471,386$16,836,487
93$32,986,351$5,032,450$2,441,091$18,289,553
94$36,234,310$5,162,391$2,406,218$19,884,170
95$39,809,886$5,295,025$2,366,503$21,634,631
96$43,746,381$5,430,367$2,321,667$23,556,688
97$48,080,489$5,568,432$2,271,420$25,667,695
98$52,852,642$5,709,229$2,215,457$27,986,777
99$58,107,396$5,852,766$2,153,459$30,535,006
100$63,893,844$5,999,045$2,085,093$33,335,603