Can I retire at age 63 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$180,022$178,419$176,854$175,327$173,836$171,451
2 years$89,120$87,460$85,852$84,292$82,779$80,380
3 years$58,823$57,156$55,552$54,007$52,519$50,180
4 years$43,678$42,016$40,427$38,909$37,457$35,198
5 years$34,593$32,941$31,373$29,886$28,474$26,300
6 years$28,538$26,899$25,354$23,900$22,530$20,445
7 years$24,215$22,590$21,070$19,649$18,323$16,327
8 years$20,974$19,363$17,869$16,483$15,201$13,293
9 years$18,455$16,859$15,390$14,040$12,801$10,981
10 years$16,441$14,861$13,418$12,103$10,907$9,173
11 years$14,794$13,230$11,813$10,533$9,381$7,731
12 years$13,422$11,874$10,483$9,239$8,129$6,563
13 years$12,263$10,731$9,366$8,157$7,089$5,603
14 years$11,270$9,754$8,416$7,240$6,214$4,807
15 years$10,410$8,910$7,598$6,457$5,471$4,140
16 years$9,658$8,175$6,889$5,782$4,836$3,578
17 years$8,996$7,529$6,269$5,195$4,288$3,101
18 years$8,407$6,957$5,722$4,682$3,812$2,694
19 years$7,882$6,448$5,239$4,230$3,398$2,345
20 years$7,409$5,992$4,808$3,831$3,035$2,045
21 years$6,982$5,581$4,422$3,477$2,716$1,786
22 years$6,594$5,210$4,076$3,162$2,435$1,562
23 years$6,241$4,872$3,763$2,879$2,185$1,368
24 years$5,918$4,565$3,480$2,626$1,964$1,199
25 years$5,620$4,284$3,223$2,398$1,768$1,052
26 years$5,347$4,026$2,990$2,193$1,592$923
27 years$5,093$3,789$2,776$2,007$1,435$811
28 years$4,859$3,571$2,581$1,839$1,295$713
29 years$4,641$3,369$2,402$1,686$1,170$627
30 years$4,438$3,181$2,237$1,548$1,057$551
31 years$4,248$3,007$2,086$1,421$955$485
32 years$4,070$2,846$1,946$1,306$864$427
33 years$3,904$2,695$1,817$1,201$782$376
34 years$3,748$2,554$1,698$1,105$708$331
35 years$3,601$2,422$1,587$1,017$641$292
36 years$3,462$2,299$1,485$937$581$257
37 years$3,332$2,184$1,390$863$527$227
38 years$3,208$2,075$1,301$796$478$200
39 years$3,091$1,973$1,219$734$433$176
40 years$2,980$1,878$1,143$677$393$156
41 years$2,875$1,787$1,072$624$356$137
42 years$2,775$1,702$1,005$576$323$121
43 years$2,681$1,622$943$532$293$107
44 years$2,590$1,546$885$491$266$94
45 years$2,504$1,474$831$454$242$83
46 years$2,422$1,406$781$419$220$73
47 years$2,344$1,342$734$387$199$65
48 years$2,269$1,281$689$358$181$57
49 years$2,197$1,223$648$331$164$50
50 years$2,128$1,169$609$306$149$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,180,000, adding $6,632 every year, while hoping to spend $22,925 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: 33/47/20 Blend
62$2,180,000$2,180,000$2,180,000$2,180,000
63$2,409,201$2,293,661$2,259,871$2,473,655
64$2,630,547$2,381,658$2,311,185$2,610,122
65$2,873,703$2,473,199$2,363,449$2,754,532
66$3,140,868$2,568,433$2,416,671$2,909,694
67$3,434,466$2,667,516$2,470,860$3,076,567
68$3,757,167$2,770,610$2,526,020$3,256,204
69$4,111,915$2,877,887$2,582,158$3,449,761
70$4,501,950$2,989,522$2,639,279$3,658,505
71$4,930,842$3,105,703$2,697,389$3,883,826
72$5,402,527$3,226,621$2,756,490$4,127,252
73$5,921,339$3,352,480$2,816,587$4,390,460
74$6,492,054$3,483,490$2,877,682$4,675,291
75$7,119,935$3,619,872$2,939,775$4,983,767
76$7,810,778$3,761,856$3,002,867$5,318,112
77$8,570,973$3,909,682$3,066,959$5,680,765
78$9,407,558$4,063,602$3,132,047$6,074,411
79$10,328,288$4,223,878$3,198,130$6,502,000
80$11,341,710$4,390,784$3,265,204$6,966,772
81$12,457,238$4,564,606$3,333,262$7,472,292
82$13,685,248$4,745,644$3,402,298$8,022,479
83$15,037,173$4,934,210$3,472,305$8,621,644
84$16,525,609$5,130,631$3,543,271$9,274,527
85$18,164,436$5,335,247$3,615,186$9,986,340
86$19,968,951$5,548,416$3,688,037$10,762,820
87$21,956,005$5,770,510$3,761,808$11,610,276
88$24,144,171$6,001,919$3,836,482$12,535,651
89$26,553,913$6,243,049$3,912,040$13,546,583
90$29,207,780$6,494,326$3,988,461$14,651,477
91$32,130,621$6,756,195$4,065,722$15,859,585
92$35,349,816$7,029,121$4,143,795$17,181,089
93$38,895,538$7,313,588$4,222,653$18,627,193
94$42,801,035$7,610,106$4,302,264$20,210,234
95$47,102,945$7,919,205$4,382,594$21,943,789
96$51,841,639$8,241,441$4,463,605$23,842,807
97$57,061,608$8,577,393$4,545,258$25,923,744
98$62,811,875$8,927,668$4,627,507$28,204,719
99$69,146,464$9,292,902$4,710,306$30,705,681
100$76,124,907$9,673,757$4,793,604$33,448,596