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%15.2%
1 years$182,500$180,874$179,288$177,740$176,229$172,459
2 years$90,346$88,664$87,033$85,452$83,918$80,139
3 years$59,633$57,943$56,316$54,750$53,241$49,570
4 years$44,279$42,594$40,984$39,444$37,972$34,437
5 years$35,069$33,394$31,805$30,297$28,866$25,477
6 years$28,931$27,269$25,703$24,229$22,841$19,602
7 years$24,548$22,900$21,359$19,920$18,575$15,488
8 years$21,263$19,630$18,115$16,710$15,410$12,472
9 years$18,709$17,091$15,602$14,233$12,978$10,187
10 years$16,667$15,065$13,602$12,269$11,058$8,411
11 years$14,997$13,412$11,975$10,678$9,510$7,005
12 years$13,607$12,038$10,628$9,366$8,241$5,874
13 years$12,432$10,878$9,495$8,269$7,186$4,952
14 years$11,425$9,888$8,531$7,340$6,300$4,194
15 years$10,553$9,033$7,703$6,546$5,547$3,566
16 years$9,791$8,288$6,984$5,861$4,902$3,041
17 years$9,119$7,633$6,355$5,266$4,347$2,600
18 years$8,523$7,053$5,801$4,746$3,865$2,227
19 years$7,990$6,537$5,311$4,288$3,445$1,912
20 years$7,511$6,074$4,874$3,884$3,077$1,644
21 years$7,078$5,658$4,483$3,525$2,753$1,415
22 years$6,685$5,281$4,132$3,205$2,468$1,220
23 years$6,327$4,940$3,815$2,919$2,216$1,052
24 years$5,999$4,628$3,528$2,662$1,991$909
25 years$5,698$4,343$3,268$2,431$1,792$785
26 years$5,420$4,082$3,031$2,223$1,614$679
27 years$5,163$3,842$2,814$2,035$1,455$587
28 years$4,926$3,620$2,616$1,864$1,313$508
29 years$4,705$3,415$2,435$1,710$1,186$440
30 years$4,499$3,225$2,268$1,569$1,071$381
31 years$4,306$3,049$2,114$1,441$969$330
32 years$4,126$2,885$1,973$1,324$876$286
33 years$3,958$2,732$1,842$1,218$793$248
34 years$3,799$2,589$1,721$1,120$718$215
35 years$3,650$2,456$1,609$1,031$650$187
36 years$3,510$2,331$1,505$950$589$162
37 years$3,377$2,214$1,409$875$534$140
38 years$3,252$2,104$1,319$807$484$122
39 years$3,134$2,001$1,236$744$439$106
40 years$3,021$1,903$1,158$686$398$92
41 years$2,915$1,812$1,086$633$361$79
42 years$2,814$1,726$1,019$584$328$69
43 years$2,717$1,644$956$539$297$60
44 years$2,626$1,567$898$498$270$52
45 years$2,539$1,494$843$460$245$45
46 years$2,455$1,426$792$425$223$39
47 years$2,376$1,361$744$392$202$34
48 years$2,300$1,299$699$363$184$29
49 years$2,227$1,240$657$335$167$26
50 years$2,158$1,185$618$310$151$22

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 $5,297 every year, while hoping to spend $30,857 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: 53/26/21 Blend
62$2,210,000$2,210,000$2,210,000$2,210,000
63$2,440,884$2,323,754$2,289,499$2,555,901
64$2,657,022$2,404,786$2,333,365$2,716,588
65$2,894,173$2,488,755$2,377,667$2,887,691
66$3,154,446$2,575,771$2,422,387$3,073,224
67$3,440,166$2,665,951$2,467,504$3,274,570
68$3,753,895$2,759,415$2,512,997$3,493,256
69$4,098,454$2,856,287$2,558,844$3,730,956
70$4,476,950$2,956,699$2,605,018$3,989,518
71$4,892,807$3,060,785$2,651,494$4,270,970
72$5,349,796$3,168,686$2,698,242$4,577,549
73$5,852,072$3,280,549$2,745,231$4,911,714
74$6,404,214$3,396,527$2,792,426$5,276,174
75$7,011,264$3,516,776$2,839,793$5,673,908
76$7,678,778$3,641,464$2,887,291$6,108,200
77$8,412,878$3,770,760$2,934,880$6,582,663
78$9,220,309$3,904,845$2,982,516$7,101,274
79$10,108,501$4,043,903$3,030,151$7,668,414
80$11,085,642$4,188,128$3,077,735$8,288,908
81$12,160,753$4,337,721$3,125,214$8,968,067
82$13,343,772$4,492,892$3,172,531$9,711,742
83$14,645,653$4,653,860$3,219,627$10,526,375
84$16,078,461$4,820,850$3,266,436$11,419,063
85$17,655,492$4,994,100$3,312,889$12,397,620
86$19,391,396$5,173,856$3,358,916$13,470,655
87$21,302,317$5,360,373$3,404,438$14,647,649
88$23,406,042$5,553,919$3,449,375$15,939,047
89$25,722,169$5,754,772$3,493,639$17,356,352
90$28,272,295$5,963,221$3,537,142$18,912,239
91$31,080,219$6,179,568$3,579,785$20,620,667
92$34,172,161$6,404,127$3,621,467$22,497,016
93$37,577,016$6,637,224$3,662,082$24,558,227
94$41,326,625$6,879,201$3,701,514$26,822,966
95$45,456,071$7,130,412$3,739,646$29,311,796
96$50,004,016$7,391,228$3,776,350$32,047,369
97$55,013,061$7,662,034$3,811,493$35,054,645
98$60,530,151$7,943,231$3,844,936$38,361,121
99$66,607,015$8,235,239$3,876,530$41,997,093
100$73,300,658$8,538,492$3,906,121$45,995,939