Can I retire at age 63 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$181,674$180,056$178,477$176,936$175,431$170,705
2 years$89,938$88,263$86,639$85,065$83,539$78,811
3 years$59,363$57,681$56,061$54,502$53,000$48,419
4 years$44,078$42,401$40,798$39,266$37,800$33,401
5 years$34,910$33,243$31,661$30,160$28,735$24,530
6 years$28,800$27,146$25,587$24,119$22,737$18,729
7 years$24,437$22,797$21,263$19,830$18,491$14,681
8 years$21,167$19,541$18,033$16,635$15,340$11,726
9 years$18,624$17,014$15,531$14,169$12,919$9,497
10 years$16,592$14,997$13,541$12,214$11,007$7,774
11 years$14,930$13,351$11,921$10,630$9,467$6,417
12 years$13,546$11,983$10,580$9,324$8,204$5,331
13 years$12,375$10,829$9,452$8,231$7,154$4,453
14 years$11,373$9,843$8,493$7,307$6,271$3,736
15 years$10,505$8,992$7,668$6,516$5,521$3,145
16 years$9,747$8,250$6,952$5,835$4,880$2,655
17 years$9,078$7,598$6,326$5,243$4,327$2,247
18 years$8,485$7,021$5,775$4,725$3,847$1,906
19 years$7,954$6,507$5,287$4,269$3,429$1,619
20 years$7,477$6,047$4,852$3,866$3,063$1,377
21 years$7,046$5,632$4,463$3,509$2,741$1,173
22 years$6,655$5,257$4,113$3,191$2,457$1,000
23 years$6,298$4,917$3,798$2,906$2,205$853
24 years$5,972$4,607$3,512$2,650$1,982$729
25 years$5,672$4,323$3,253$2,420$1,784$623
26 years$5,396$4,063$3,017$2,213$1,607$532
27 years$5,140$3,824$2,802$2,026$1,449$455
28 years$4,903$3,603$2,604$1,856$1,307$390
29 years$4,683$3,399$2,424$1,702$1,180$334
30 years$4,478$3,210$2,258$1,562$1,066$286
31 years$4,287$3,035$2,105$1,434$964$245
32 years$4,108$2,872$1,964$1,318$872$210
33 years$3,940$2,719$1,833$1,212$789$179
34 years$3,782$2,577$1,713$1,115$715$154
35 years$3,634$2,445$1,602$1,027$647$132
36 years$3,494$2,320$1,498$946$586$113
37 years$3,362$2,204$1,402$871$532$97
38 years$3,238$2,094$1,313$803$482$83
39 years$3,120$1,992$1,230$740$437$71
40 years$3,008$1,895$1,153$683$396$61
41 years$2,902$1,804$1,081$630$360$52
42 years$2,801$1,718$1,014$582$326$45
43 years$2,705$1,637$952$537$296$38
44 years$2,614$1,560$893$496$269$33
45 years$2,527$1,488$839$458$244$28
46 years$2,444$1,419$788$423$222$24
47 years$2,365$1,354$740$391$201$21
48 years$2,289$1,293$696$361$183$18
49 years$2,217$1,235$654$334$166$15
50 years$2,148$1,179$615$308$151$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,200,000, adding $6,596 every year, while hoping to spend $45,661 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: 70/6/24 Blend
62$2,200,000$2,200,000$2,200,000$2,200,000
63$2,431,204$2,314,604$2,280,504$2,586,207
64$2,630,604$2,379,436$2,308,318$2,755,567
65$2,848,812$2,445,915$2,335,533$2,934,953
66$3,087,699$2,514,073$2,362,082$3,130,236
67$3,349,324$2,583,943$2,387,891$3,342,987
68$3,635,955$2,655,556$2,412,886$3,574,940
69$3,950,090$2,728,946$2,436,985$3,828,003
70$4,294,480$2,804,145$2,460,105$4,104,280
71$4,672,155$2,881,186$2,482,156$4,406,088
72$5,086,450$2,960,100$2,503,044$4,735,981
73$5,541,043$3,040,919$2,522,670$5,096,770
74$6,039,981$3,123,676$2,540,931$5,491,555
75$6,587,723$3,208,401$2,557,717$5,923,752
76$7,189,183$3,295,124$2,572,913$6,397,123
77$7,849,771$3,383,877$2,586,397$6,915,814
78$8,575,450$3,474,688$2,598,043$7,484,396
79$9,372,784$3,567,587$2,607,716$8,107,901
80$10,249,010$3,662,601$2,615,277$8,791,878
81$11,212,098$3,759,757$2,620,577$9,542,440
82$12,270,827$3,859,081$2,623,462$10,366,325
83$13,434,873$3,960,597$2,623,769$11,270,955
84$14,714,892$4,064,328$2,621,327$12,264,513
85$16,122,628$4,170,297$2,615,959$13,356,013
86$17,671,018$4,278,523$2,607,475$14,555,390
87$19,374,315$4,389,025$2,595,679$15,873,592
88$21,248,226$4,501,818$2,580,365$17,322,685
89$23,310,055$4,616,916$2,561,316$18,915,964
90$25,578,866$4,734,331$2,538,307$20,668,082
91$28,075,669$4,854,072$2,511,098$22,595,186
92$30,823,610$4,976,144$2,479,443$24,715,070
93$33,848,195$5,100,551$2,443,081$27,047,346
94$37,177,525$5,227,292$2,401,738$29,613,623
95$40,842,566$5,356,363$2,355,130$32,437,719
96$44,877,439$5,487,756$2,302,958$35,545,879
97$49,319,740$5,621,459$2,244,910$38,967,027
98$54,210,898$5,757,454$2,180,658$42,733,039
99$59,596,560$5,895,721$2,109,861$46,879,043
100$65,527,029$6,036,231$2,032,161$51,443,751