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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$185,803$184,148$182,533$180,957$179,418$173,814
2 years$91,982$90,269$88,608$86,999$85,437$79,841
3 years$60,712$58,991$57,335$55,741$54,205$48,792
4 years$45,080$43,365$41,726$40,158$38,659$33,472
5 years$35,704$33,999$32,381$30,845$29,388$24,440
6 years$29,455$27,762$26,168$24,667$23,254$18,548
7 years$24,993$23,315$21,746$20,280$18,912$14,449
8 years$21,648$19,985$18,442$17,013$15,689$11,466
9 years$19,048$17,401$15,884$14,491$13,212$9,225
10 years$16,969$15,338$13,848$12,491$11,258$7,500
11 years$15,269$13,654$12,192$10,871$9,682$6,146
12 years$13,853$12,255$10,820$9,536$8,390$5,070
13 years$12,657$11,075$9,667$8,418$7,316$4,203
14 years$11,632$10,067$8,686$7,473$6,414$3,499
15 years$10,744$9,197$7,842$6,665$5,647$2,923
16 years$9,968$8,438$7,110$5,967$4,991$2,448
17 years$9,285$7,771$6,470$5,362$4,425$2,056
18 years$8,677$7,181$5,906$4,832$3,935$1,729
19 years$8,135$6,655$5,407$4,366$3,507$1,457
20 years$7,647$6,184$4,962$3,954$3,133$1,229
21 years$7,206$5,760$4,564$3,589$2,803$1,038
22 years$6,806$5,377$4,207$3,263$2,513$877
23 years$6,441$5,029$3,884$2,972$2,256$742
24 years$6,108$4,712$3,592$2,710$2,027$628
25 years$5,801$4,422$3,327$2,475$1,824$532
26 years$5,518$4,156$3,086$2,263$1,643$451
27 years$5,257$3,911$2,865$2,072$1,482$382
28 years$5,015$3,685$2,664$1,898$1,337$324
29 years$4,790$3,477$2,479$1,741$1,207$275
30 years$4,580$3,283$2,309$1,597$1,091$233
31 years$4,384$3,104$2,152$1,467$986$198
32 years$4,201$2,937$2,008$1,348$892$168
33 years$4,029$2,781$1,875$1,240$807$143
34 years$3,868$2,636$1,752$1,141$731$121
35 years$3,716$2,500$1,638$1,050$662$103
36 years$3,574$2,373$1,532$967$600$87
37 years$3,439$2,254$1,434$891$544$74
38 years$3,311$2,142$1,343$821$493$63
39 years$3,190$2,037$1,258$757$447$54
40 years$3,076$1,938$1,179$699$405$45
41 years$2,968$1,845$1,106$644$368$39
42 years$2,865$1,757$1,037$595$334$33
43 years$2,767$1,674$973$549$303$28
44 years$2,673$1,596$914$507$275$24
45 years$2,584$1,522$858$468$250$20
46 years$2,500$1,451$806$432$227$17
47 years$2,419$1,385$757$400$206$15
48 years$2,341$1,322$711$369$187$12
49 years$2,268$1,263$669$341$170$10
50 years$2,197$1,206$629$315$154$9

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 $2,215 every year, while hoping to spend $40,952 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: 72/23/5 Blend
62$2,250,000$2,250,000$2,250,000$2,250,000
63$2,481,785$2,362,535$2,327,660$2,659,241
64$2,691,354$2,434,726$2,362,064$2,848,678
65$2,920,927$2,509,083$2,396,248$3,050,656
66$3,172,501$2,585,667$2,430,161$3,270,616
67$3,448,275$2,664,543$2,463,750$3,510,319
68$3,750,671$2,745,778$2,496,958$3,771,698
69$4,082,358$2,829,440$2,529,725$4,056,884
70$4,446,274$2,915,598$2,561,986$4,368,223
71$4,845,657$3,004,325$2,593,675$4,708,296
72$5,284,071$3,095,694$2,624,721$5,079,948
73$5,765,444$3,189,781$2,655,047$5,486,308
74$6,294,103$3,286,664$2,684,575$5,930,825
75$6,874,814$3,386,423$2,713,220$6,417,294
76$7,512,826$3,489,139$2,740,894$6,949,898
77$8,213,925$3,594,897$2,767,504$7,533,241
78$8,984,481$3,703,783$2,792,952$8,172,395
79$9,831,515$3,815,885$2,817,133$8,872,945
80$10,762,761$3,931,295$2,839,938$9,641,045
81$11,786,740$4,050,106$2,861,253$10,483,473
82$12,912,839$4,172,413$2,880,957$11,407,693
83$14,151,402$4,298,314$2,898,922$12,421,930
84$15,513,824$4,427,911$2,915,015$13,535,243
85$17,012,661$4,561,305$2,929,095$14,757,612
86$18,661,746$4,698,603$2,941,014$16,100,032
87$20,476,323$4,839,913$2,950,616$17,574,614
88$22,473,186$4,985,347$2,957,740$19,194,704
89$24,670,839$5,135,017$2,962,212$20,975,001
90$27,089,673$5,289,041$2,963,855$22,931,704
91$29,752,153$5,447,538$2,962,478$25,082,658
92$32,683,036$5,610,630$2,957,884$27,447,523
93$35,909,598$5,778,444$2,949,865$30,047,963
94$39,461,895$5,951,106$2,938,204$32,907,845
95$43,373,046$6,128,748$2,922,672$36,053,466
96$47,679,545$6,311,505$2,903,029$39,513,804
97$52,421,604$6,499,514$2,879,026$43,320,783
98$57,643,534$6,692,916$2,850,400$47,509,584
99$63,394,160$6,891,855$2,816,874$52,118,967
100$69,727,286$7,096,478$2,778,161$57,191,643