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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$176,719$175,145$173,609$172,110$170,647$169,288
2 years$87,485$85,855$84,276$82,745$81,260$79,890
3 years$57,744$56,107$54,532$53,016$51,555$50,216
4 years$42,876$41,245$39,686$38,195$36,769$35,473
5 years$33,958$32,337$30,798$29,337$27,951$26,701
6 years$28,015$26,405$24,889$23,461$22,117$20,913
7 years$23,771$22,175$20,683$19,289$17,987$16,831
8 years$20,590$19,008$17,541$16,181$14,922$13,814
9 years$18,116$16,550$15,108$13,783$12,567$11,506
10 years$16,139$14,588$13,171$11,881$10,707$9,693
11 years$14,522$12,987$11,596$10,340$9,209$8,241
12 years$13,176$11,656$10,291$9,069$7,980$7,058
13 years$12,038$10,534$9,194$8,007$6,959$6,080
14 years$11,063$9,575$8,261$7,108$6,100$5,265
15 years$10,219$8,747$7,459$6,339$5,371$4,578
16 years$9,481$8,025$6,762$5,676$4,747$3,994
17 years$8,831$7,391$6,154$5,100$4,209$3,496
18 years$8,253$6,829$5,617$4,596$3,742$3,067
19 years$7,737$6,330$5,142$4,153$3,336$2,698
20 years$7,273$5,882$4,719$3,761$2,979$2,377
21 years$6,854$5,479$4,341$3,413$2,666$2,098
22 years$6,473$5,114$4,001$3,104$2,390$1,854
23 years$6,127$4,783$3,694$2,826$2,145$1,641
24 years$5,809$4,481$3,416$2,578$1,928$1,454
25 years$5,517$4,206$3,164$2,354$1,735$1,289
26 years$5,248$3,953$2,935$2,153$1,563$1,144
27 years$5,000$3,720$2,725$1,970$1,409$1,017
28 years$4,770$3,505$2,533$1,805$1,271$904
29 years$4,556$3,307$2,358$1,655$1,148$804
30 years$4,356$3,123$2,196$1,519$1,037$715
31 years$4,170$2,952$2,047$1,395$938$637
32 years$3,996$2,793$1,910$1,282$848$567
33 years$3,832$2,645$1,783$1,179$768$505
34 years$3,679$2,507$1,666$1,085$695$450
35 years$3,535$2,378$1,558$999$630$402
36 years$3,399$2,257$1,457$920$570$358
37 years$3,271$2,144$1,364$848$517$319
38 years$3,149$2,037$1,277$781$469$285
39 years$3,034$1,937$1,197$720$425$254
40 years$2,926$1,843$1,122$664$386$227
41 years$2,823$1,754$1,052$613$350$203
42 years$2,725$1,671$987$566$317$181
43 years$2,631$1,592$926$522$288$161
44 years$2,543$1,518$869$482$261$144
45 years$2,458$1,447$816$445$237$129
46 years$2,377$1,381$766$411$216$115
47 years$2,301$1,317$720$380$196$103
48 years$2,227$1,258$677$351$178$92
49 years$2,157$1,201$636$325$161$82
50 years$2,089$1,147$598$300$147$73

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 $2,882 every year, while hoping to spend $35,483 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: 71/19/10 Blend
62$2,140,000$2,140,000$2,140,000$2,140,000
63$2,361,253$2,247,833$2,214,663$2,524,139
64$2,564,347$2,320,223$2,251,100$2,704,703
65$2,786,967$2,394,971$2,287,569$2,897,654
66$3,031,069$2,472,155$2,324,033$3,107,900
67$3,298,803$2,551,856$2,360,454$3,337,138
68$3,592,540$2,634,156$2,396,789$3,587,234
69$3,914,893$2,719,144$2,432,995$3,860,244
70$4,268,737$2,806,907$2,469,025$4,158,432
71$4,657,241$2,897,537$2,504,829$4,484,291
72$5,083,894$2,991,132$2,540,356$4,840,565
73$5,552,542$3,087,788$2,575,549$5,230,276
74$6,067,419$3,187,608$2,610,348$5,656,752
75$6,633,193$3,290,697$2,644,691$6,123,659
76$7,255,003$3,397,166$2,678,513$6,635,033
77$7,938,512$3,507,125$2,711,742$7,195,321
78$8,689,959$3,620,693$2,744,304$7,809,420
79$9,516,218$3,737,990$2,776,121$8,482,725
80$10,424,861$3,859,141$2,807,110$9,221,176
81$11,424,233$3,984,275$2,837,185$10,031,319
82$12,523,526$4,113,526$2,866,251$10,920,364
83$13,732,868$4,247,031$2,894,214$11,896,254
84$15,063,420$4,384,935$2,920,969$12,967,737
85$16,527,476$4,527,384$2,946,409$14,144,453
86$18,138,586$4,674,533$2,970,420$15,437,021
87$19,911,675$4,826,539$2,992,883$16,857,140
88$21,863,193$4,983,566$3,013,671$18,417,698
89$24,011,262$5,145,784$3,032,653$20,132,897
90$26,375,852$5,313,369$3,049,688$22,018,381
91$28,978,966$5,486,501$3,064,630$24,091,388
92$31,844,851$5,665,370$3,077,325$26,370,909
93$35,000,222$5,850,169$3,087,612$28,877,871
94$38,474,517$6,041,100$3,095,319$31,635,329
95$42,300,175$6,238,371$3,100,270$34,668,687
96$46,512,940$6,442,198$3,102,276$38,005,935
97$51,152,198$6,652,805$3,101,141$41,677,915
98$56,261,352$6,870,421$3,096,658$45,718,610
99$61,888,225$7,095,287$3,088,611$50,165,465
100$68,085,518$7,327,651$3,076,774$55,059,740