Can I retire at age 63 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$185,803$184,148$182,533$180,957$179,418$172,368
2 years$91,982$90,269$88,608$86,999$85,437$78,420
3 years$60,712$58,991$57,335$55,741$54,205$47,442
4 years$45,080$43,365$41,726$40,158$38,659$32,203
5 years$35,704$33,999$32,381$30,845$29,388$23,254
6 years$29,455$27,762$26,168$24,667$23,254$17,446
7 years$24,993$23,315$21,746$20,280$18,912$13,428
8 years$21,648$19,985$18,442$17,013$15,689$10,524
9 years$19,048$17,401$15,884$14,491$13,212$8,359
10 years$16,969$15,338$13,848$12,491$11,258$6,706
11 years$15,269$13,654$12,192$10,871$9,682$5,422
12 years$13,853$12,255$10,820$9,536$8,390$4,410
13 years$12,657$11,075$9,667$8,418$7,316$3,604
14 years$11,632$10,067$8,686$7,473$6,414$2,957
15 years$10,744$9,197$7,842$6,665$5,647$2,433
16 years$9,968$8,438$7,110$5,967$4,991$2,007
17 years$9,285$7,771$6,470$5,362$4,425$1,659
18 years$8,677$7,181$5,906$4,832$3,935$1,374
19 years$8,135$6,655$5,407$4,366$3,507$1,139
20 years$7,647$6,184$4,962$3,954$3,133$946
21 years$7,206$5,760$4,564$3,589$2,803$786
22 years$6,806$5,377$4,207$3,263$2,513$654
23 years$6,441$5,029$3,884$2,972$2,256$544
24 years$6,108$4,712$3,592$2,710$2,027$453
25 years$5,801$4,422$3,327$2,475$1,824$377
26 years$5,518$4,156$3,086$2,263$1,643$314
27 years$5,257$3,911$2,865$2,072$1,482$262
28 years$5,015$3,685$2,664$1,898$1,337$218
29 years$4,790$3,477$2,479$1,741$1,207$182
30 years$4,580$3,283$2,309$1,597$1,091$152
31 years$4,384$3,104$2,152$1,467$986$127
32 years$4,201$2,937$2,008$1,348$892$106
33 years$4,029$2,781$1,875$1,240$807$88
34 years$3,868$2,636$1,752$1,141$731$74
35 years$3,716$2,500$1,638$1,050$662$61
36 years$3,574$2,373$1,532$967$600$51
37 years$3,439$2,254$1,434$891$544$43
38 years$3,311$2,142$1,343$821$493$36
39 years$3,190$2,037$1,258$757$447$30
40 years$3,076$1,938$1,179$699$405$25
41 years$2,968$1,845$1,106$644$368$21
42 years$2,865$1,757$1,037$595$334$17
43 years$2,767$1,674$973$549$303$14
44 years$2,673$1,596$914$507$275$12
45 years$2,584$1,522$858$468$250$10
46 years$2,500$1,451$806$432$227$8
47 years$2,419$1,385$757$400$206$7
48 years$2,341$1,322$711$369$187$6
49 years$2,268$1,263$669$341$170$5
50 years$2,197$1,206$629$315$154$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,250,000, adding $6,957 every year, while hoping to spend $45,719 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: 33/40/27 Blend
62$2,250,000$2,250,000$2,250,000$2,250,000
63$2,486,676$2,367,426$2,332,551$2,548,116
64$2,691,672$2,434,785$2,362,047$2,662,638
65$2,916,046$2,503,913$2,390,999$2,781,414
66$3,161,725$2,574,847$2,419,339$2,908,528
67$3,430,833$2,647,627$2,446,999$3,044,750
68$3,725,709$2,722,291$2,473,904$3,190,926
69$4,048,927$2,798,879$2,499,976$3,347,987
70$4,403,323$2,877,430$2,525,131$3,516,958
71$4,792,023$2,957,985$2,549,284$3,698,968
72$5,218,466$3,040,583$2,572,342$3,895,259
73$5,686,443$3,125,264$2,594,208$4,107,200
74$6,200,127$3,212,070$2,614,781$4,336,297
75$6,764,118$3,301,039$2,633,954$4,584,210
76$7,383,481$3,392,212$2,651,614$4,852,766
77$8,063,795$3,485,630$2,667,643$5,143,978
78$8,811,208$3,581,332$2,681,915$5,460,065
79$9,632,492$3,679,358$2,694,300$5,803,468
80$10,535,107$3,779,747$2,704,660$6,176,879
81$11,527,272$3,882,539$2,712,850$6,583,263
82$12,618,042$3,987,771$2,718,718$7,025,887
83$13,817,392$4,095,482$2,722,105$7,508,350
84$15,136,313$4,205,708$2,722,843$8,034,618
85$16,586,916$4,318,486$2,720,757$8,609,061
86$18,182,541$4,433,851$2,715,661$9,236,495
87$19,937,888$4,551,838$2,707,364$9,922,225
88$21,869,153$4,672,479$2,695,661$10,672,099
89$23,994,182$4,795,805$2,680,341$11,492,561
90$26,332,636$4,921,848$2,661,181$12,390,711
91$28,906,181$5,050,634$2,637,946$13,374,376
92$31,738,688$5,182,191$2,610,393$14,452,178
93$34,856,458$5,316,543$2,578,266$15,633,623
94$38,288,474$5,453,711$2,541,295$16,929,184
95$42,066,671$5,593,716$2,499,201$18,350,405
96$46,226,236$5,736,572$2,451,689$19,910,007
97$50,805,943$5,882,295$2,398,451$21,622,010
98$55,848,516$6,030,894$2,339,166$23,501,867
99$61,401,033$6,182,376$2,273,496$25,566,606
100$67,515,370$6,336,744$2,201,090$27,834,997