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%12.9%
1 years$180,022$178,419$176,854$175,327$173,836$171,735
2 years$89,120$87,460$85,852$84,292$82,779$80,665
3 years$58,823$57,156$55,552$54,007$52,519$50,456
4 years$43,678$42,016$40,427$38,909$37,457$35,463
5 years$34,593$32,941$31,373$29,886$28,474$26,554
6 years$28,538$26,899$25,354$23,900$22,530$20,687
7 years$24,215$22,590$21,070$19,649$18,323$16,557
8 years$20,974$19,363$17,869$16,483$15,201$13,511
9 years$18,455$16,859$15,390$14,040$12,801$11,188
10 years$16,441$14,861$13,418$12,103$10,907$9,369
11 years$14,794$13,230$11,813$10,533$9,381$7,916
12 years$13,422$11,874$10,483$9,239$8,129$6,736
13 years$12,263$10,731$9,366$8,157$7,089$5,766
14 years$11,270$9,754$8,416$7,240$6,214$4,960
15 years$10,410$8,910$7,598$6,457$5,471$4,284
16 years$9,658$8,175$6,889$5,782$4,836$3,712
17 years$8,996$7,529$6,269$5,195$4,288$3,226
18 years$8,407$6,957$5,722$4,682$3,812$2,811
19 years$7,882$6,448$5,239$4,230$3,398$2,454
20 years$7,409$5,992$4,808$3,831$3,035$2,147
21 years$6,982$5,581$4,422$3,477$2,716$1,880
22 years$6,594$5,210$4,076$3,162$2,435$1,650
23 years$6,241$4,872$3,763$2,879$2,185$1,449
24 years$5,918$4,565$3,480$2,626$1,964$1,274
25 years$5,620$4,284$3,223$2,398$1,768$1,121
26 years$5,347$4,026$2,990$2,193$1,592$987
27 years$5,093$3,789$2,776$2,007$1,435$870
28 years$4,859$3,571$2,581$1,839$1,295$767
29 years$4,641$3,369$2,402$1,686$1,170$677
30 years$4,438$3,181$2,237$1,548$1,057$597
31 years$4,248$3,007$2,086$1,421$955$527
32 years$4,070$2,846$1,946$1,306$864$466
33 years$3,904$2,695$1,817$1,201$782$412
34 years$3,748$2,554$1,698$1,105$708$364
35 years$3,601$2,422$1,587$1,017$641$322
36 years$3,462$2,299$1,485$937$581$284
37 years$3,332$2,184$1,390$863$527$252
38 years$3,208$2,075$1,301$796$478$223
39 years$3,091$1,973$1,219$734$433$197
40 years$2,980$1,878$1,143$677$393$174
41 years$2,875$1,787$1,072$624$356$154
42 years$2,775$1,702$1,005$576$323$136
43 years$2,681$1,622$943$532$293$121
44 years$2,590$1,546$885$491$266$107
45 years$2,504$1,474$831$454$242$95
46 years$2,422$1,406$781$419$220$84
47 years$2,344$1,342$734$387$199$74
48 years$2,269$1,281$689$358$181$66
49 years$2,197$1,223$648$331$164$58
50 years$2,128$1,169$609$306$149$51

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 $5,424 every year, while hoping to spend $38,073 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: 68/18/14 Blend
62$2,180,000$2,180,000$2,180,000$2,180,000
63$2,407,955$2,292,415$2,258,625$2,563,616
64$2,613,057$2,364,234$2,293,779$2,739,779
65$2,837,803$2,438,296$2,328,836$2,927,357
66$3,084,158$2,514,671$2,363,750$3,131,547
67$3,354,282$2,593,430$2,398,476$3,353,976
68$3,650,559$2,674,648$2,432,965$3,596,436
69$3,975,612$2,758,402$2,467,165$3,860,900
70$4,332,330$2,844,769$2,501,021$4,149,540
71$4,723,896$2,933,831$2,534,473$4,464,748
72$5,153,816$3,025,672$2,567,461$4,809,159
73$5,625,953$3,120,377$2,599,919$5,185,674
74$6,144,561$3,218,037$2,631,777$5,597,487
75$6,714,327$3,318,741$2,662,962$6,048,119
76$7,340,414$3,422,585$2,693,397$6,541,444
77$8,028,511$3,529,666$2,723,000$7,081,731
78$8,784,884$3,640,085$2,751,686$7,673,685
79$9,616,437$3,753,944$2,779,362$8,322,484
80$10,530,776$3,871,350$2,805,934$9,033,835
81$11,536,283$3,992,413$2,831,300$9,814,024
82$12,642,188$4,117,247$2,855,353$10,669,977
83$13,858,667$4,245,967$2,877,983$11,609,321
84$15,196,926$4,378,694$2,899,070$12,640,462
85$16,669,314$4,515,552$2,918,491$13,772,659
86$18,289,439$4,656,669$2,936,115$15,016,114
87$20,072,291$4,802,176$2,951,805$16,382,067
88$22,034,391$4,952,208$2,965,416$17,882,900
89$24,193,939$5,106,906$2,976,797$19,532,258
90$26,570,990$5,266,414$2,985,789$21,345,174
91$29,187,641$5,430,879$2,992,224$23,338,210
92$32,068,244$5,600,455$2,995,926$25,529,618
93$35,239,627$5,775,299$2,996,712$27,939,505
94$38,731,354$5,955,574$2,994,387$30,590,029
95$42,576,002$6,141,447$2,988,749$33,505,603
96$46,809,466$6,333,090$2,979,584$36,713,129
97$51,471,302$6,530,682$2,966,670$40,242,247
98$56,605,093$6,734,404$2,949,773$44,125,622
99$62,258,869$6,944,445$2,928,646$48,399,242
100$68,485,551$7,161,001$2,903,033$53,102,766