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%16.1%
1 years$185,803$184,148$182,533$180,957$179,418$174,939
2 years$91,982$90,269$88,608$86,999$85,437$80,953
3 years$60,712$58,991$57,335$55,741$54,205$49,855
4 years$45,080$43,365$41,726$40,158$38,659$34,478
5 years$35,704$33,999$32,381$30,845$29,388$25,387
6 years$29,455$27,762$26,168$24,667$23,254$19,437
7 years$24,993$23,315$21,746$20,280$18,912$15,280
8 years$21,648$19,985$18,442$17,013$15,689$12,240
9 years$19,048$17,401$15,884$14,491$13,212$9,943
10 years$16,969$15,338$13,848$12,491$11,258$8,165
11 years$15,269$13,654$12,192$10,871$9,682$6,761
12 years$13,853$12,255$10,820$9,536$8,390$5,636
13 years$12,657$11,075$9,667$8,418$7,316$4,723
14 years$11,632$10,067$8,686$7,473$6,414$3,976
15 years$10,744$9,197$7,842$6,665$5,647$3,359
16 years$9,968$8,438$7,110$5,967$4,991$2,846
17 years$9,285$7,771$6,470$5,362$4,425$2,417
18 years$8,677$7,181$5,906$4,832$3,935$2,058
19 years$8,135$6,655$5,407$4,366$3,507$1,754
20 years$7,647$6,184$4,962$3,954$3,133$1,498
21 years$7,206$5,760$4,564$3,589$2,803$1,281
22 years$6,806$5,377$4,207$3,263$2,513$1,096
23 years$6,441$5,029$3,884$2,972$2,256$939
24 years$6,108$4,712$3,592$2,710$2,027$805
25 years$5,801$4,422$3,327$2,475$1,824$691
26 years$5,518$4,156$3,086$2,263$1,643$593
27 years$5,257$3,911$2,865$2,072$1,482$509
28 years$5,015$3,685$2,664$1,898$1,337$438
29 years$4,790$3,477$2,479$1,741$1,207$376
30 years$4,580$3,283$2,309$1,597$1,091$323
31 years$4,384$3,104$2,152$1,467$986$278
32 years$4,201$2,937$2,008$1,348$892$239
33 years$4,029$2,781$1,875$1,240$807$206
34 years$3,868$2,636$1,752$1,141$731$177
35 years$3,716$2,500$1,638$1,050$662$152
36 years$3,574$2,373$1,532$967$600$131
37 years$3,439$2,254$1,434$891$544$113
38 years$3,311$2,142$1,343$821$493$97
39 years$3,190$2,037$1,258$757$447$84
40 years$3,076$1,938$1,179$699$405$72
41 years$2,968$1,845$1,106$644$368$62
42 years$2,865$1,757$1,037$595$334$53
43 years$2,767$1,674$973$549$303$46
44 years$2,673$1,596$914$507$275$40
45 years$2,584$1,522$858$468$250$34
46 years$2,500$1,451$806$432$227$29
47 years$2,419$1,385$757$400$206$25
48 years$2,341$1,322$711$369$187$22
49 years$2,268$1,263$669$341$170$19
50 years$2,197$1,206$629$315$154$16

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 $6,158 every year, while hoping to spend $28,804 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: 68/20/12 Blend
62$2,250,000$2,250,000$2,250,000$2,250,000
63$2,485,852$2,366,602$2,331,727$2,647,964
64$2,708,762$2,451,918$2,379,193$2,841,867
65$2,953,443$2,540,450$2,427,283$3,049,839
66$3,222,085$2,632,323$2,475,988$3,276,548
67$3,517,103$2,727,671$2,525,299$3,523,827
68$3,841,152$2,826,632$2,575,201$3,793,695
69$4,197,161$2,929,349$2,625,682$4,088,376
70$4,588,357$3,035,972$2,676,727$4,410,316
71$5,018,291$3,146,657$2,728,319$4,762,208
72$5,490,879$3,261,565$2,780,440$5,147,019
73$6,010,434$3,380,867$2,833,070$5,568,012
74$6,581,707$3,504,738$2,886,187$6,028,783
75$7,209,933$3,633,363$2,939,767$6,533,291
76$7,900,881$3,766,932$2,993,784$7,085,894
77$8,660,905$3,905,646$3,048,209$7,691,394
78$9,497,007$4,049,712$3,103,014$8,355,077
79$10,416,900$4,199,347$3,158,163$9,082,766
80$11,429,086$4,354,776$3,213,624$9,880,872
81$12,542,928$4,516,236$3,269,356$10,756,460
82$13,768,747$4,683,972$3,325,320$11,717,307
83$15,117,913$4,858,240$3,381,471$12,771,983
84$16,602,953$5,039,307$3,437,764$13,929,927
85$18,237,672$5,227,451$3,494,146$15,201,535
86$20,037,281$5,422,962$3,550,567$16,598,259
87$22,018,540$5,626,144$3,606,967$18,132,716
88$24,199,917$5,837,311$3,663,286$19,818,805
89$26,601,762$6,056,793$3,719,461$21,671,835
90$29,246,500$6,284,934$3,775,420$23,708,674
91$32,158,839$6,522,091$3,831,092$25,947,904
92$35,366,005$6,768,639$3,886,399$28,409,996
93$38,898,002$7,024,967$3,941,258$31,117,506
94$42,787,890$7,291,481$3,995,582$34,095,282
95$47,072,099$7,568,608$4,049,278$37,370,701
96$51,790,772$7,856,788$4,102,247$40,973,925
97$56,988,145$8,156,485$4,154,387$44,938,188
98$62,712,963$8,468,181$4,205,587$49,300,105
99$69,018,942$8,792,379$4,255,731$54,100,019
100$75,965,273$9,129,604$4,304,696$59,382,382