Can I retire at age 63 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$178,371$176,782$175,232$173,719$172,241$171,372
2 years$88,302$86,658$85,064$83,519$82,020$81,142
3 years$58,283$56,632$55,042$53,511$52,037$51,178
4 years$43,277$41,630$40,057$38,552$37,113$36,280
5 years$34,275$32,639$31,085$29,611$28,213$27,408
6 years$28,276$26,652$25,122$23,681$22,324$21,548
7 years$23,993$22,382$20,876$19,469$18,155$17,409
8 years$20,782$19,186$17,705$16,332$15,061$14,345
9 years$18,286$16,705$15,249$13,911$12,684$11,997
10 years$16,290$14,724$13,294$11,992$10,807$10,150
11 years$14,658$13,108$11,704$10,436$9,295$8,666
12 years$13,299$11,765$10,387$9,154$8,055$7,454
13 years$12,150$10,632$9,280$8,082$7,024$6,451
14 years$11,166$9,664$8,338$7,174$6,157$5,611
15 years$10,314$8,829$7,528$6,398$5,421$4,902
16 years$9,570$8,100$6,826$5,729$4,791$4,298
17 years$8,913$7,460$6,211$5,147$4,248$3,780
18 years$8,330$6,893$5,670$4,639$3,777$3,333
19 years$7,809$6,389$5,191$4,191$3,367$2,946
20 years$7,341$5,937$4,764$3,796$3,007$2,609
21 years$6,918$5,530$4,382$3,445$2,691$2,314
22 years$6,534$5,162$4,038$3,133$2,412$2,056
23 years$6,184$4,828$3,729$2,853$2,165$1,829
24 years$5,863$4,523$3,448$2,602$1,946$1,629
25 years$5,569$4,245$3,194$2,376$1,751$1,453
26 years$5,297$3,990$2,962$2,173$1,578$1,297
27 years$5,047$3,755$2,751$1,989$1,422$1,158
28 years$4,814$3,538$2,557$1,822$1,283$1,035
29 years$4,598$3,338$2,380$1,671$1,159$926
30 years$4,397$3,152$2,216$1,533$1,047$829
31 years$4,209$2,980$2,066$1,408$947$742
32 years$4,033$2,819$1,928$1,294$856$665
33 years$3,868$2,670$1,800$1,190$775$596
34 years$3,713$2,531$1,682$1,095$702$534
35 years$3,568$2,400$1,573$1,008$636$479
36 years$3,431$2,278$1,471$928$576$430
37 years$3,301$2,164$1,377$855$522$385
38 years$3,179$2,056$1,289$788$473$346
39 years$3,063$1,955$1,208$727$429$310
40 years$2,953$1,860$1,132$671$389$279
41 years$2,849$1,771$1,062$619$353$250
42 years$2,750$1,687$996$571$320$225
43 years$2,656$1,607$935$527$291$202
44 years$2,566$1,532$877$487$264$181
45 years$2,481$1,461$824$449$240$163
46 years$2,400$1,393$774$415$218$146
47 years$2,322$1,330$727$384$198$132
48 years$2,248$1,269$683$354$179$118
49 years$2,177$1,212$642$328$163$106
50 years$2,109$1,158$604$303$148$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,160,000, adding $3,332 every year, while hoping to spend $29,219 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: 43/48/9 Blend
62$2,160,000$2,160,000$2,160,000$2,160,000
63$2,383,757$2,269,277$2,235,797$2,479,914
64$2,595,811$2,349,383$2,279,607$2,627,239
65$2,828,516$2,432,434$2,323,906$2,783,516
66$3,083,946$2,518,545$2,368,679$2,952,148
67$3,364,389$2,607,834$2,413,909$3,134,278
68$3,672,361$2,700,423$2,459,580$3,331,158
69$4,010,639$2,796,440$2,505,673$3,544,165
70$4,382,277$2,896,018$2,552,165$3,774,815
71$4,790,642$2,999,296$2,599,036$4,024,768
72$5,239,444$3,106,418$2,646,260$4,295,854
73$5,732,769$3,217,534$2,693,812$4,590,081
74$6,275,118$3,332,800$2,741,661$4,909,659
75$6,871,452$3,452,379$2,789,778$5,257,017
76$7,527,234$3,576,440$2,838,130$5,634,828
77$8,248,484$3,705,158$2,886,680$6,046,028
78$9,041,837$3,838,719$2,935,391$6,493,851
79$9,914,601$3,977,312$2,984,223$6,981,851
80$10,874,826$4,121,136$3,033,131$7,513,941
81$11,931,386$4,270,400$3,082,068$8,094,425
82$13,094,057$4,425,318$3,130,986$8,728,039
83$14,373,608$4,586,116$3,179,832$9,419,996
84$15,781,908$4,753,027$3,228,548$10,176,032
85$17,332,033$4,926,297$3,277,075$11,002,461
86$19,038,393$5,106,178$3,325,350$11,906,233
87$20,916,864$5,292,936$3,373,304$12,894,999
88$22,984,941$5,486,846$3,420,867$13,977,180
89$25,261,900$5,688,197$3,467,961$15,162,050
90$27,768,983$5,897,288$3,514,507$16,459,816
91$30,529,595$6,114,430$3,560,418$17,881,720
92$33,569,526$6,339,950$3,605,605$19,440,138
93$36,917,197$6,574,187$3,649,972$21,148,699
94$40,603,923$6,817,494$3,693,418$23,022,412
95$44,664,212$7,070,240$3,735,836$25,077,804
96$49,136,090$7,332,809$3,777,114$27,333,076
97$54,061,456$7,605,603$3,817,133$29,808,276
98$59,486,485$7,889,038$3,855,768$32,525,480
99$65,462,056$8,183,550$3,892,885$35,509,008
100$72,044,236$8,489,593$3,928,347$38,785,641