Can I retire at age 63 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$186,629$184,966$183,344$181,761$180,216$173,065
2 years$92,390$90,670$89,002$87,385$85,817$78,702
3 years$60,982$59,254$57,590$55,989$54,446$47,590
4 years$45,281$43,558$41,911$40,337$38,831$32,287
5 years$35,862$34,150$32,525$30,982$29,519$23,302
6 years$29,585$27,886$26,285$24,777$23,357$17,473
7 years$25,104$23,419$21,843$20,370$18,996$13,441
8 years$21,744$20,074$18,524$17,088$15,759$10,528
9 years$19,132$17,478$15,955$14,555$13,271$8,357
10 years$17,044$15,406$13,910$12,547$11,308$6,700
11 years$15,337$13,715$12,246$10,920$9,725$5,413
12 years$13,915$12,310$10,868$9,578$8,427$4,400
13 years$12,713$11,125$9,710$8,456$7,349$3,593
14 years$11,683$10,112$8,724$7,506$6,442$2,946
15 years$10,792$9,237$7,877$6,694$5,672$2,423
16 years$10,013$8,475$7,142$5,994$5,013$1,997
17 years$9,326$7,805$6,499$5,385$4,445$1,650
18 years$8,716$7,212$5,932$4,853$3,952$1,365
19 years$8,171$6,684$5,431$4,385$3,523$1,131
20 years$7,681$6,211$4,984$3,972$3,146$938
21 years$7,238$5,786$4,584$3,605$2,816$779
22 years$6,836$5,401$4,225$3,278$2,524$647
23 years$6,470$5,051$3,901$2,985$2,266$538
24 years$6,135$4,733$3,608$2,722$2,036$448
25 years$5,827$4,441$3,342$2,486$1,832$373
26 years$5,543$4,174$3,099$2,273$1,651$310
27 years$5,280$3,928$2,878$2,081$1,488$258
28 years$5,037$3,702$2,675$1,906$1,343$215
29 years$4,811$3,492$2,490$1,748$1,213$179
30 years$4,600$3,298$2,319$1,604$1,096$149
31 years$4,404$3,118$2,162$1,474$991$125
32 years$4,220$2,950$2,017$1,354$896$104
33 years$4,047$2,794$1,883$1,245$811$87
34 years$3,885$2,648$1,760$1,146$734$72
35 years$3,733$2,511$1,645$1,055$665$60
36 years$3,589$2,384$1,539$971$602$50
37 years$3,454$2,264$1,441$895$546$42
38 years$3,326$2,152$1,349$825$495$35
39 years$3,205$2,046$1,264$761$449$29
40 years$3,090$1,946$1,185$702$407$24
41 years$2,981$1,853$1,111$647$369$20
42 years$2,877$1,765$1,042$597$335$17
43 years$2,779$1,681$978$551$304$14
44 years$2,685$1,603$918$509$276$12
45 years$2,596$1,528$862$470$251$10
46 years$2,511$1,458$809$434$228$8
47 years$2,430$1,391$760$401$207$7
48 years$2,352$1,328$715$371$188$6
49 years$2,278$1,268$672$343$170$5
50 years$2,207$1,212$631$317$155$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,260,000, adding $5,740 every year, while hoping to spend $30,123 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: 39/37/24 Blend
62$2,260,000$2,260,000$2,260,000$2,260,000
63$2,496,441$2,376,661$2,341,631$2,575,801
64$2,719,027$2,461,067$2,388,025$2,718,237
65$2,963,308$2,548,599$2,434,963$2,868,907
66$3,231,463$2,639,378$2,482,433$3,031,232
67$3,525,897$2,733,532$2,530,419$3,206,291
68$3,849,254$2,831,191$2,578,904$3,395,267
69$4,204,452$2,932,493$2,627,870$3,599,463
70$4,594,700$3,037,579$2,677,298$3,820,309
71$5,023,537$3,146,599$2,727,166$4,059,378
72$5,494,862$3,259,706$2,777,450$4,318,399
73$6,012,968$3,377,061$2,828,124$4,599,274
74$6,582,586$3,498,832$2,879,162$4,904,095
75$7,208,928$3,625,194$2,930,532$5,235,162
76$7,897,737$3,756,327$2,982,203$5,595,005
77$8,655,340$3,892,420$3,034,141$5,986,409
78$9,488,707$4,033,672$3,086,307$6,412,436
79$10,405,520$4,180,286$3,138,663$6,876,458
80$11,414,239$4,332,476$3,191,164$7,382,184
81$12,524,190$4,490,466$3,243,767$7,933,696
82$13,745,645$4,654,486$3,296,421$8,535,487
83$15,089,924$4,824,780$3,349,074$9,192,504
84$16,569,500$5,001,597$3,401,671$9,910,191
85$18,198,115$5,185,202$3,454,154$10,694,541
86$19,990,913$5,375,866$3,506,457$11,552,153
87$21,964,578$5,573,876$3,558,516$12,490,293
88$24,137,497$5,779,528$3,610,258$13,516,959
89$26,529,928$5,993,131$3,661,609$14,640,962
90$29,164,195$6,215,009$3,712,487$15,871,999
91$32,064,896$6,445,498$3,762,808$17,220,753
92$35,259,137$6,684,948$3,812,483$18,698,986
93$38,776,783$6,933,726$3,861,416$20,319,655
94$42,650,749$7,192,211$3,909,507$22,097,025
95$46,917,298$7,460,803$3,956,649$24,046,813
96$51,616,395$7,739,915$4,002,729$26,186,327
97$56,792,076$8,029,980$4,047,629$28,534,631
98$62,492,868$8,331,448$4,091,224$31,112,724
99$68,772,241$8,644,790$4,133,382$33,943,739
100$75,689,122$8,970,497$4,173,962$37,053,155