Can I retire at age 63 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$177,545$175,964$174,421$172,915$171,444$170,722
2 years$87,894$86,257$84,670$83,132$81,640$80,911
3 years$58,014$56,370$54,787$53,263$51,796$51,082
4 years$43,077$41,438$39,871$38,373$36,941$36,249
5 years$34,117$32,488$30,942$29,474$28,082$27,413
6 years$28,145$26,529$25,005$23,571$22,220$21,575
7 years$23,882$22,279$20,780$19,379$18,071$17,450
8 years$20,686$19,097$17,623$16,257$14,992$14,395
9 years$18,201$16,627$15,178$13,847$12,625$12,053
10 years$16,215$14,656$13,233$11,936$10,757$10,209
11 years$14,590$13,048$11,650$10,388$9,252$8,727
12 years$13,238$11,711$10,339$9,112$8,017$7,516
13 years$12,094$10,583$9,237$8,044$6,991$6,513
14 years$11,115$9,620$8,300$7,141$6,128$5,673
15 years$10,267$8,788$7,494$6,368$5,396$4,962
16 years$9,525$8,063$6,794$5,702$4,769$4,356
17 years$8,872$7,425$6,182$5,123$4,229$3,836
18 years$8,292$6,861$5,644$4,617$3,760$3,388
19 years$7,773$6,359$5,166$4,172$3,351$2,998
20 years$7,307$5,909$4,742$3,779$2,993$2,659
21 years$6,886$5,504$4,361$3,429$2,679$2,362
22 years$6,504$5,138$4,020$3,118$2,401$2,102
23 years$6,155$4,805$3,711$2,840$2,155$1,873
24 years$5,836$4,502$3,432$2,590$1,937$1,671
25 years$5,543$4,225$3,179$2,365$1,743$1,492
26 years$5,273$3,971$2,948$2,163$1,570$1,334
27 years$5,023$3,737$2,738$1,980$1,416$1,193
28 years$4,792$3,522$2,545$1,814$1,277$1,068
29 years$4,577$3,322$2,369$1,663$1,153$957
30 years$4,376$3,137$2,206$1,526$1,042$858
31 years$4,189$2,966$2,057$1,402$942$769
32 years$4,014$2,806$1,919$1,288$852$690
33 years$3,850$2,658$1,792$1,185$771$620
34 years$3,696$2,519$1,674$1,090$698$556
35 years$3,551$2,389$1,565$1,003$633$500
36 years$3,415$2,268$1,464$924$573$449
37 years$3,286$2,154$1,370$852$519$404
38 years$3,164$2,047$1,283$785$471$363
39 years$3,049$1,946$1,202$724$427$326
40 years$2,939$1,852$1,127$667$387$293
41 years$2,836$1,763$1,057$616$351$264
42 years$2,737$1,679$991$568$319$237
43 years$2,644$1,599$930$525$289$214
44 years$2,555$1,525$873$484$263$192
45 years$2,470$1,454$820$447$238$173
46 years$2,389$1,387$770$413$217$156
47 years$2,311$1,324$723$382$197$140
48 years$2,237$1,264$680$353$179$126
49 years$2,167$1,207$639$326$162$114
50 years$2,099$1,153$601$301$147$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,150,000, adding $5,620 every year, while hoping to spend $30,551 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: 69/15/16 Blend
62$2,150,000$2,150,000$2,150,000$2,150,000
63$2,375,097$2,261,147$2,227,822$2,529,679
64$2,584,851$2,339,437$2,269,948$2,711,639
65$2,814,976$2,420,540$2,312,461$2,906,498
66$3,067,517$2,504,560$2,355,343$3,118,924
67$3,344,728$2,591,608$2,398,571$3,350,646
68$3,649,091$2,681,797$2,442,124$3,603,564
69$3,983,340$2,775,247$2,485,976$3,879,772
70$4,350,486$2,872,079$2,530,102$4,181,575
71$4,753,848$2,972,424$2,574,473$4,511,513
72$5,197,081$3,076,413$2,619,058$4,872,379
73$5,684,211$3,184,185$2,663,824$5,267,252
74$6,219,675$3,295,884$2,708,737$5,699,523
75$6,808,359$3,411,660$2,753,757$6,172,925
76$7,455,650$3,531,669$2,798,846$6,691,571
77$8,167,478$3,656,073$2,843,959$7,259,989
78$8,950,381$3,785,040$2,889,052$7,883,170
79$9,811,558$3,918,747$2,934,074$8,566,607
80$10,758,946$4,057,374$2,978,974$9,316,355
81$11,801,285$4,201,112$3,023,696$10,139,081
82$12,948,208$4,350,158$3,068,182$11,042,131
83$14,210,328$4,504,718$3,112,369$12,033,597
84$15,599,338$4,665,006$3,156,190$13,122,393
85$17,128,123$4,831,244$3,199,575$14,318,341
86$18,810,881$5,003,664$3,242,449$15,632,259
87$20,663,253$5,182,506$3,284,734$17,076,067
88$22,702,478$5,368,022$3,326,346$18,662,899
89$24,947,549$5,560,473$3,367,197$20,407,222
90$27,419,394$5,760,131$3,407,192$22,324,978
91$30,141,073$5,967,279$3,446,234$24,433,730
92$33,137,998$6,182,211$3,484,219$26,752,829
93$36,438,169$6,405,235$3,521,035$29,303,597
94$40,072,441$6,636,670$3,556,569$32,109,525
95$44,074,812$6,876,849$3,590,696$35,196,499
96$48,482,747$7,126,118$3,623,288$38,593,039
97$53,337,529$7,384,840$3,654,210$42,330,571
98$58,684,649$7,653,389$3,683,318$46,443,721
99$64,574,236$7,932,158$3,710,462$50,970,642
100$71,061,530$8,221,555$3,735,484$55,953,376