Can I retire at age 63 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$176,719$175,145$173,609$172,110$170,647$166,386
2 years$87,485$85,855$84,276$82,745$81,260$76,995
3 years$57,744$56,107$54,532$53,016$51,555$47,418
4 years$42,876$41,245$39,686$38,195$36,769$32,793
5 years$33,958$32,337$30,798$29,337$27,951$24,146
6 years$28,015$26,405$24,889$23,461$22,117$18,487
7 years$23,771$22,175$20,683$19,289$17,987$14,533
8 years$20,590$19,008$17,541$16,181$14,922$11,642
9 years$18,116$16,550$15,108$13,783$12,567$9,457
10 years$16,139$14,588$13,171$11,881$10,707$7,766
11 years$14,522$12,987$11,596$10,340$9,209$6,430
12 years$13,176$11,656$10,291$9,069$7,980$5,360
13 years$12,038$10,534$9,194$8,007$6,959$4,492
14 years$11,063$9,575$8,261$7,108$6,100$3,781
15 years$10,219$8,747$7,459$6,339$5,371$3,194
16 years$9,481$8,025$6,762$5,676$4,747$2,707
17 years$8,831$7,391$6,154$5,100$4,209$2,299
18 years$8,253$6,829$5,617$4,596$3,742$1,957
19 years$7,737$6,330$5,142$4,153$3,336$1,669
20 years$7,273$5,882$4,719$3,761$2,979$1,425
21 years$6,854$5,479$4,341$3,413$2,666$1,218
22 years$6,473$5,114$4,001$3,104$2,390$1,043
23 years$6,127$4,783$3,694$2,826$2,145$893
24 years$5,809$4,481$3,416$2,578$1,928$766
25 years$5,517$4,206$3,164$2,354$1,735$657
26 years$5,248$3,953$2,935$2,153$1,563$564
27 years$5,000$3,720$2,725$1,970$1,409$484
28 years$4,770$3,505$2,533$1,805$1,271$416
29 years$4,556$3,307$2,358$1,655$1,148$358
30 years$4,356$3,123$2,196$1,519$1,037$308
31 years$4,170$2,952$2,047$1,395$938$264
32 years$3,996$2,793$1,910$1,282$848$228
33 years$3,832$2,645$1,783$1,179$768$196
34 years$3,679$2,507$1,666$1,085$695$168
35 years$3,535$2,378$1,558$999$630$145
36 years$3,399$2,257$1,457$920$570$125
37 years$3,271$2,144$1,364$848$517$107
38 years$3,149$2,037$1,277$781$469$92
39 years$3,034$1,937$1,197$720$425$80
40 years$2,926$1,843$1,122$664$386$69
41 years$2,823$1,754$1,052$613$350$59
42 years$2,725$1,671$987$566$317$51
43 years$2,631$1,592$926$522$288$44
44 years$2,543$1,518$869$482$261$38
45 years$2,458$1,447$816$445$237$32
46 years$2,377$1,381$766$411$216$28
47 years$2,301$1,317$720$380$196$24
48 years$2,227$1,258$677$351$178$21
49 years$2,157$1,201$636$325$161$18
50 years$2,089$1,147$598$300$147$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,140,000, adding $4,903 every year, while hoping to spend $39,469 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: 57/35/8 Blend
62$2,140,000$2,140,000$2,140,000$2,140,000
63$2,363,337$2,249,917$2,216,747$2,493,450
64$2,562,403$2,318,169$2,249,014$2,649,886
65$2,780,451$2,388,441$2,281,038$2,815,402
66$3,019,375$2,460,793$2,312,771$2,994,774
67$3,281,261$2,535,282$2,344,159$3,189,329
68$3,568,409$2,611,970$2,375,147$3,400,529
69$3,883,347$2,690,917$2,405,676$3,629,981
70$4,228,865$2,772,189$2,435,682$3,879,455
71$4,608,032$2,855,849$2,465,101$4,150,897
72$5,024,231$2,941,965$2,493,861$4,446,452
73$5,481,187$3,030,605$2,521,889$4,768,478
74$5,983,003$3,121,840$2,549,108$5,119,572
75$6,534,201$3,215,742$2,575,434$5,502,595
76$7,139,760$3,312,384$2,600,782$5,920,694
77$7,805,167$3,411,842$2,625,060$6,377,336
78$8,536,466$3,514,195$2,648,171$6,876,338
79$9,340,316$3,619,520$2,670,015$7,421,903
80$10,224,051$3,727,900$2,690,484$8,018,661
81$11,195,755$3,839,417$2,709,465$8,671,710
82$12,264,331$3,954,158$2,726,842$9,386,664
83$13,439,591$4,072,209$2,742,489$10,169,708
84$14,732,342$4,193,661$2,756,275$11,027,653
85$16,154,494$4,318,603$2,768,063$11,968,003
86$17,719,168$4,447,131$2,777,709$12,999,021
87$19,440,822$4,579,339$2,785,061$14,129,813
88$21,335,385$4,715,326$2,789,960$15,370,407
89$23,420,409$4,855,191$2,792,238$16,731,851
90$25,715,233$4,999,038$2,791,721$18,226,316
91$28,241,166$5,146,970$2,788,223$19,867,211
92$31,021,688$5,299,095$2,781,551$21,669,308
93$34,082,671$5,455,521$2,771,504$23,648,881
94$37,452,623$5,616,361$2,757,869$25,823,860
95$41,162,955$5,781,728$2,740,422$28,214,002
96$45,248,282$5,951,737$2,718,932$30,841,071
97$49,746,743$6,126,509$2,693,152$33,729,049
98$54,700,366$6,306,163$2,662,828$36,904,357
99$60,155,462$6,490,823$2,627,691$40,396,110
100$66,163,060$6,680,615$2,587,460$44,236,384