Can I retire at age 63 with 2,270,000?

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 $2,270,000?

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$187,454$185,785$184,156$182,566$181,013$176,494
2 years$92,799$91,071$89,396$87,772$86,197$81,672
3 years$61,252$59,516$57,845$56,236$54,687$50,299
4 years$45,481$43,750$42,096$40,515$39,003$34,785
5 years$36,021$34,301$32,669$31,119$29,649$25,613
6 years$29,716$28,009$26,401$24,887$23,461$19,610
7 years$25,215$23,522$21,939$20,461$19,080$15,415
8 years$21,840$20,163$18,606$17,164$15,829$12,349
9 years$19,217$17,555$16,026$14,620$13,330$10,032
10 years$17,120$15,474$13,972$12,602$11,358$8,237
11 years$15,405$13,776$12,300$10,968$9,768$6,821
12 years$13,977$12,364$10,916$9,620$8,465$5,686
13 years$12,769$11,174$9,753$8,493$7,381$4,765
14 years$11,735$10,157$8,763$7,539$6,471$4,011
15 years$10,840$9,278$7,912$6,724$5,697$3,388
16 years$10,057$8,513$7,173$6,020$5,035$2,871
17 years$9,367$7,840$6,527$5,409$4,465$2,439
18 years$8,755$7,244$5,959$4,875$3,970$2,076
19 years$8,207$6,714$5,455$4,405$3,538$1,770
20 years$7,715$6,239$5,006$3,989$3,160$1,512
21 years$7,270$5,811$4,605$3,621$2,828$1,292
22 years$6,867$5,425$4,244$3,292$2,535$1,106
23 years$6,499$5,074$3,919$2,998$2,276$948
24 years$6,162$4,754$3,624$2,734$2,045$813
25 years$5,852$4,461$3,357$2,497$1,841$697
26 years$5,567$4,193$3,113$2,283$1,658$598
27 years$5,304$3,946$2,891$2,090$1,495$514
28 years$5,059$3,718$2,687$1,915$1,349$442
29 years$4,832$3,508$2,501$1,756$1,218$379
30 years$4,621$3,313$2,329$1,612$1,100$326
31 years$4,423$3,131$2,172$1,480$995$281
32 years$4,238$2,963$2,026$1,360$900$241
33 years$4,065$2,806$1,892$1,251$814$208
34 years$3,903$2,659$1,768$1,151$737$179
35 years$3,750$2,522$1,653$1,059$668$154
36 years$3,605$2,394$1,546$976$605$132
37 years$3,469$2,274$1,447$899$548$114
38 years$3,341$2,161$1,355$829$497$98
39 years$3,219$2,055$1,270$764$451$84
40 years$3,103$1,955$1,190$705$409$73
41 years$2,994$1,861$1,116$650$371$63
42 years$2,890$1,772$1,047$600$337$54
43 years$2,791$1,689$982$554$306$46
44 years$2,697$1,610$922$511$277$40
45 years$2,607$1,535$866$472$252$34
46 years$2,522$1,464$813$436$229$30
47 years$2,440$1,397$764$403$208$26
48 years$2,362$1,334$718$372$189$22
49 years$2,288$1,274$675$344$171$19
50 years$2,216$1,217$634$318$156$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,270,000, adding $5,669 every year, while hoping to spend $37,297 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: 35/36/29 Blend
62$2,270,000$2,270,000$2,270,000$2,270,000
63$2,507,388$2,387,078$2,351,893$2,573,084
64$2,723,457$2,464,361$2,390,997$2,700,199
65$2,960,316$2,544,181$2,430,162$2,833,515
66$3,220,045$2,626,622$2,469,349$2,976,652
67$3,504,937$2,711,774$2,508,519$3,130,515
68$3,817,515$2,799,725$2,547,629$3,296,099
69$4,160,562$2,890,572$2,586,635$3,474,499
70$4,537,139$2,984,410$2,625,487$3,666,919
71$4,950,621$3,081,340$2,664,135$3,874,682
72$5,404,726$3,181,467$2,702,525$4,099,246
73$5,903,547$3,284,898$2,740,599$4,342,213
74$6,451,595$3,391,744$2,778,295$4,605,348
75$7,053,840$3,502,122$2,815,550$4,890,590
76$7,715,756$3,616,150$2,852,295$5,200,076
77$8,443,373$3,733,951$2,888,457$5,536,157
78$9,243,336$3,855,654$2,923,960$5,901,421
79$10,122,966$3,981,391$2,958,722$6,298,718
80$11,090,328$4,111,298$2,992,658$6,731,185
81$12,154,307$4,245,518$3,025,678$7,202,274
82$13,324,695$4,384,196$3,057,686$7,715,790
83$14,612,277$4,527,485$3,088,582$8,275,920
84$16,028,939$4,675,542$3,118,260$8,887,276
85$17,587,777$4,828,529$3,146,607$9,554,936
86$19,303,218$4,986,615$3,173,507$10,284,495
87$21,191,162$5,149,975$3,198,834$11,082,113
88$23,269,124$5,318,787$3,222,459$11,954,575
89$25,556,407$5,493,240$3,244,244$12,909,355
90$28,074,279$5,673,527$3,264,045$13,954,688
91$30,846,174$5,859,849$3,281,709$15,099,641
92$33,897,914$6,052,412$3,297,076$16,354,205
93$37,257,953$6,251,432$3,309,980$17,729,385
94$40,957,643$6,457,131$3,320,243$19,237,305
95$45,031,532$6,669,739$3,327,681$20,891,323
96$49,517,688$6,889,497$3,332,098$22,706,152
97$54,458,060$7,116,649$3,333,291$24,698,006
98$59,898,871$7,351,454$3,331,045$26,884,744
99$65,891,056$7,594,176$3,325,135$29,286,047
100$72,490,743$7,845,090$3,315,327$31,923,595