Can I retire at age 63 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$182,500$180,874$179,288$177,740$176,229$172,248
2 years$90,346$88,664$87,033$85,452$83,918$79,930
3 years$59,633$57,943$56,316$54,750$53,241$49,369
4 years$44,279$42,594$40,984$39,444$37,972$34,245
5 years$35,069$33,394$31,805$30,297$28,866$25,295
6 years$28,931$27,269$25,703$24,229$22,841$19,430
7 years$24,548$22,900$21,359$19,920$18,575$15,326
8 years$21,263$19,630$18,115$16,710$15,410$12,320
9 years$18,709$17,091$15,602$14,233$12,978$10,045
10 years$16,667$15,065$13,602$12,269$11,058$8,279
11 years$14,997$13,412$11,975$10,678$9,510$6,881
12 years$13,607$12,038$10,628$9,366$8,241$5,759
13 years$12,432$10,878$9,495$8,269$7,186$4,846
14 years$11,425$9,888$8,531$7,340$6,300$4,096
15 years$10,553$9,033$7,703$6,546$5,547$3,474
16 years$9,791$8,288$6,984$5,861$4,902$2,957
17 years$9,119$7,633$6,355$5,266$4,347$2,522
18 years$8,523$7,053$5,801$4,746$3,865$2,156
19 years$7,990$6,537$5,311$4,288$3,445$1,847
20 years$7,511$6,074$4,874$3,884$3,077$1,584
21 years$7,078$5,658$4,483$3,525$2,753$1,361
22 years$6,685$5,281$4,132$3,205$2,468$1,170
23 years$6,327$4,940$3,815$2,919$2,216$1,007
24 years$5,999$4,628$3,528$2,662$1,991$868
25 years$5,698$4,343$3,268$2,431$1,792$748
26 years$5,420$4,082$3,031$2,223$1,614$645
27 years$5,163$3,842$2,814$2,035$1,455$557
28 years$4,926$3,620$2,616$1,864$1,313$481
29 years$4,705$3,415$2,435$1,710$1,186$415
30 years$4,499$3,225$2,268$1,569$1,071$359
31 years$4,306$3,049$2,114$1,441$969$310
32 years$4,126$2,885$1,973$1,324$876$268
33 years$3,958$2,732$1,842$1,218$793$232
34 years$3,799$2,589$1,721$1,120$718$200
35 years$3,650$2,456$1,609$1,031$650$173
36 years$3,510$2,331$1,505$950$589$150
37 years$3,377$2,214$1,409$875$534$130
38 years$3,252$2,104$1,319$807$484$112
39 years$3,134$2,001$1,236$744$439$97
40 years$3,021$1,903$1,158$686$398$84
41 years$2,915$1,812$1,086$633$361$73
42 years$2,814$1,726$1,019$584$328$63
43 years$2,717$1,644$956$539$297$54
44 years$2,626$1,567$898$498$270$47
45 years$2,539$1,494$843$460$245$41
46 years$2,455$1,426$792$425$223$35
47 years$2,376$1,361$744$392$202$31
48 years$2,300$1,299$699$363$184$26
49 years$2,227$1,240$657$335$167$23
50 years$2,158$1,185$618$310$151$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,210,000, adding $6,138 every year, while hoping to spend $52,034 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: 32/38/30 Blend
62$2,210,000$2,210,000$2,210,000$2,210,000
63$2,441,751$2,324,621$2,290,366$2,497,440
64$2,635,446$2,383,164$2,311,730$2,599,487
65$2,847,154$2,442,831$2,332,065$2,704,340
66$3,078,657$2,503,623$2,351,283$2,816,279
67$3,331,918$2,565,539$2,369,288$2,935,966
68$3,609,097$2,628,574$2,385,983$3,064,131
69$3,912,575$2,692,724$2,401,263$3,201,579
70$4,244,970$2,757,980$2,415,019$3,349,198
71$4,609,170$2,824,334$2,427,134$3,507,964
72$5,008,351$2,891,771$2,437,489$3,678,956
73$5,446,013$2,960,279$2,445,955$3,863,364
74$5,926,011$3,029,837$2,452,400$4,062,498
75$6,452,591$3,100,426$2,456,682$4,277,802
76$7,030,430$3,172,021$2,458,655$4,510,873
77$7,664,677$3,244,594$2,458,163$4,763,465
78$8,361,008$3,318,113$2,455,046$5,037,519
79$9,125,672$3,392,542$2,449,131$5,335,170
80$9,965,555$3,467,841$2,440,241$5,658,776
81$10,888,242$3,543,965$2,428,190$6,010,936
82$11,902,088$3,620,865$2,412,779$6,394,516
83$13,016,299$3,698,485$2,393,805$6,812,676
84$14,241,015$3,776,764$2,371,051$7,268,901
85$15,587,409$3,855,637$2,344,292$7,767,036
86$17,067,791$3,935,029$2,313,292$8,311,319
87$18,695,722$4,014,861$2,277,803$8,906,423
88$20,486,142$4,095,046$2,237,566$9,557,503
89$22,455,514$4,175,489$2,192,310$10,270,242
90$24,621,975$4,256,087$2,141,752$11,050,907
91$27,005,509$4,336,728$2,085,593$11,906,409
92$29,628,135$4,417,291$2,023,524$12,844,369
93$32,514,113$4,497,646$1,955,220$13,873,188
94$35,690,173$4,577,652$1,880,341$15,002,132
95$39,185,770$4,657,155$1,798,531$16,241,417
96$43,033,356$4,735,994$1,709,420$17,602,307
97$47,268,691$4,813,990$1,612,618$19,097,222
98$51,931,177$4,890,955$1,507,720$20,739,855
99$57,064,231$4,966,686$1,394,303$22,545,304
100$62,715,692$5,040,963$1,271,922$24,530,217