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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$187,454$185,785$184,156$182,566$181,013$179,123
2 years$92,799$91,071$89,396$87,772$86,197$84,293
3 years$61,252$59,516$57,845$56,236$54,687$52,829
4 years$45,481$43,750$42,096$40,515$39,003$37,205
5 years$36,021$34,301$32,669$31,119$29,649$27,917
6 years$29,716$28,009$26,401$24,887$23,461$21,796
7 years$25,215$23,522$21,939$20,461$19,080$17,483
8 years$21,840$20,163$18,606$17,164$15,829$14,300
9 years$19,217$17,555$16,026$14,620$13,330$11,869
10 years$17,120$15,474$13,972$12,602$11,358$9,963
11 years$15,405$13,776$12,300$10,968$9,768$8,439
12 years$13,977$12,364$10,916$9,620$8,465$7,200
13 years$12,769$11,174$9,753$8,493$7,381$6,179
14 years$11,735$10,157$8,763$7,539$6,471$5,329
15 years$10,840$9,278$7,912$6,724$5,697$4,615
16 years$10,057$8,513$7,173$6,020$5,035$4,010
17 years$9,367$7,840$6,527$5,409$4,465$3,495
18 years$8,755$7,244$5,959$4,875$3,970$3,054
19 years$8,207$6,714$5,455$4,405$3,538$2,674
20 years$7,715$6,239$5,006$3,989$3,160$2,346
21 years$7,270$5,811$4,605$3,621$2,828$2,061
22 years$6,867$5,425$4,244$3,292$2,535$1,814
23 years$6,499$5,074$3,919$2,998$2,276$1,598
24 years$6,162$4,754$3,624$2,734$2,045$1,409
25 years$5,852$4,461$3,357$2,497$1,841$1,244
26 years$5,567$4,193$3,113$2,283$1,658$1,099
27 years$5,304$3,946$2,891$2,090$1,495$971
28 years$5,059$3,718$2,687$1,915$1,349$859
29 years$4,832$3,508$2,501$1,756$1,218$761
30 years$4,621$3,313$2,329$1,612$1,100$674
31 years$4,423$3,131$2,172$1,480$995$597
32 years$4,238$2,963$2,026$1,360$900$529
33 years$4,065$2,806$1,892$1,251$814$469
34 years$3,903$2,659$1,768$1,151$737$416
35 years$3,750$2,522$1,653$1,059$668$369
36 years$3,605$2,394$1,546$976$605$327
37 years$3,469$2,274$1,447$899$548$290
38 years$3,341$2,161$1,355$829$497$258
39 years$3,219$2,055$1,270$764$451$229
40 years$3,103$1,955$1,190$705$409$203
41 years$2,994$1,861$1,116$650$371$180
42 years$2,890$1,772$1,047$600$337$160
43 years$2,791$1,689$982$554$306$142
44 years$2,697$1,610$922$511$277$126
45 years$2,607$1,535$866$472$252$112
46 years$2,522$1,464$813$436$229$100
47 years$2,440$1,397$764$403$208$89
48 years$2,362$1,334$718$372$189$79
49 years$2,288$1,274$675$344$171$70
50 years$2,216$1,217$634$318$156$62

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 $6,889 every year, while hoping to spend $20,844 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: 36/37/27 Blend
62$2,270,000$2,270,000$2,270,000$2,270,000
63$2,508,646$2,388,336$2,353,151$2,578,396
64$2,742,350$2,483,187$2,409,804$2,725,605
65$2,999,193$2,581,986$2,467,656$2,882,035
66$3,281,514$2,684,907$2,526,725$3,050,513
67$3,591,888$2,792,127$2,587,030$3,232,135
68$3,933,153$2,903,834$2,648,588$3,428,105
69$4,308,437$3,020,224$2,711,418$3,639,745
70$4,721,184$3,141,501$2,775,537$3,868,505
71$5,175,190$3,267,879$2,840,962$4,115,980
72$5,674,636$3,399,582$2,907,711$4,383,920
73$6,224,130$3,536,843$2,975,801$4,674,247
74$6,828,749$3,679,906$3,045,248$4,989,077
75$7,494,087$3,829,027$3,116,069$5,330,731
76$8,226,306$3,984,472$3,188,280$5,701,763
77$9,032,199$4,146,520$3,261,897$6,104,979
78$9,919,246$4,315,463$3,336,934$6,543,466
79$10,895,695$4,491,606$3,413,406$7,020,617
80$11,970,628$4,675,267$3,491,328$7,540,164
81$13,154,057$4,866,780$3,570,713$8,106,211
82$14,457,013$5,066,494$3,651,573$8,723,274
83$15,891,649$5,274,773$3,733,922$9,396,319
84$17,471,358$5,491,998$3,817,769$10,130,811
85$19,210,899$5,718,569$3,903,127$10,932,762
86$21,126,533$5,954,901$3,990,004$11,808,788
87$23,236,180$6,201,431$4,078,409$12,766,171
88$25,559,585$6,458,616$4,168,351$13,812,922
89$28,118,507$6,726,932$4,259,835$14,957,861
90$30,936,922$7,006,879$4,352,866$16,210,695
91$34,041,250$7,298,979$4,447,450$17,582,110
92$37,460,606$7,603,777$4,543,587$19,083,868
93$41,227,071$7,921,846$4,641,281$20,728,919
94$45,375,999$8,253,782$4,740,530$22,531,521
95$49,946,346$8,600,213$4,841,333$24,507,371
96$54,981,041$8,961,791$4,943,686$26,673,752
97$60,527,390$9,339,202$5,047,582$29,049,697
98$66,637,523$9,733,162$5,153,015$31,656,161
99$73,368,884$10,144,420$5,259,975$34,516,223
100$80,784,775$10,573,762$5,368,449$37,655,297