Can I retire at age 63 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$188,280$186,603$184,967$183,370$181,810$174,528
2 years$93,208$91,472$89,790$88,159$86,576$79,331
3 years$61,521$59,778$58,100$56,484$54,928$47,947
4 years$45,681$43,943$42,282$40,694$39,175$32,513
5 years$36,180$34,452$32,812$31,257$29,780$23,453
6 years$29,847$28,133$26,517$24,996$23,564$17,576
7 years$25,326$23,626$22,036$20,551$19,164$13,513
8 years$21,936$20,252$18,688$17,239$15,898$10,578
9 years$19,302$17,633$16,096$14,684$13,389$8,391
10 years$17,195$15,542$14,033$12,658$11,408$6,723
11 years$15,472$13,836$12,354$11,016$9,811$5,428
12 years$14,038$12,419$10,964$9,663$8,502$4,409
13 years$12,825$11,223$9,796$8,531$7,414$3,599
14 years$11,787$10,201$8,802$7,573$6,499$2,948
15 years$10,887$9,319$7,947$6,753$5,722$2,423
16 years$10,101$8,550$7,205$6,047$5,057$1,996
17 years$9,408$7,874$6,556$5,433$4,484$1,648
18 years$8,793$7,276$5,985$4,896$3,987$1,362
19 years$8,243$6,744$5,479$4,424$3,554$1,128
20 years$7,749$6,266$5,028$4,007$3,174$935
21 years$7,302$5,837$4,625$3,637$2,841$776
22 years$6,897$5,449$4,263$3,307$2,546$644
23 years$6,527$5,096$3,936$3,011$2,286$535
24 years$6,189$4,775$3,640$2,747$2,054$445
25 years$5,878$4,481$3,371$2,508$1,849$370
26 years$5,592$4,211$3,127$2,293$1,665$308
27 years$5,327$3,963$2,903$2,099$1,501$256
28 years$5,082$3,734$2,699$1,923$1,355$213
29 years$4,854$3,523$2,512$1,764$1,223$177
30 years$4,641$3,327$2,340$1,619$1,105$148
31 years$4,443$3,145$2,181$1,487$999$123
32 years$4,257$2,976$2,035$1,366$904$102
33 years$4,083$2,818$1,900$1,256$818$85
34 years$3,920$2,671$1,775$1,156$741$71
35 years$3,766$2,534$1,660$1,064$671$59
36 years$3,621$2,405$1,553$980$608$49
37 years$3,484$2,284$1,453$903$551$41
38 years$3,355$2,171$1,361$832$499$34
39 years$3,233$2,064$1,275$767$453$29
40 years$3,117$1,964$1,195$708$411$24
41 years$3,007$1,869$1,121$653$373$20
42 years$2,903$1,780$1,051$603$338$17
43 years$2,803$1,696$986$556$307$14
44 years$2,709$1,617$926$514$279$11
45 years$2,619$1,542$869$474$253$10
46 years$2,533$1,471$817$438$230$8
47 years$2,451$1,404$767$405$209$7
48 years$2,373$1,340$721$374$189$6
49 years$2,298$1,280$678$346$172$5
50 years$2,226$1,222$637$320$156$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,280,000, adding $5,185 every year, while hoping to spend $28,057 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: 73/8/19 Blend
62$2,280,000$2,280,000$2,280,000$2,280,000
63$2,517,908$2,397,068$2,361,728$2,690,026
64$2,744,883$2,484,672$2,410,994$2,892,627
65$2,994,068$2,575,628$2,460,969$3,110,612
66$3,267,700$2,670,071$2,511,649$3,348,698
67$3,568,242$2,768,142$2,563,026$3,608,876
68$3,898,407$2,869,985$2,615,092$3,893,339
69$4,261,185$2,975,755$2,667,838$4,204,502
70$4,659,868$3,085,609$2,721,252$4,545,028
71$5,098,084$3,199,713$2,775,324$4,917,844
72$5,579,829$3,318,240$2,830,038$5,326,179
73$6,109,508$3,441,369$2,885,380$5,773,587
74$6,691,970$3,569,289$2,941,333$6,263,982
75$7,332,562$3,702,195$2,997,878$6,801,678
76$8,037,171$3,840,290$3,054,995$7,391,424
77$8,812,286$3,983,788$3,112,661$8,038,455
78$9,665,055$4,132,910$3,170,851$8,748,534
79$10,603,355$4,287,887$3,229,539$9,528,011
80$11,635,865$4,448,960$3,288,696$10,383,884
81$12,772,145$4,616,382$3,348,289$11,323,860
82$14,022,734$4,790,414$3,408,287$12,356,429
83$15,399,238$4,971,330$3,468,650$13,490,947
84$16,914,452$5,159,416$3,529,341$14,737,721
85$18,582,468$5,354,970$3,590,316$16,108,106
86$20,418,819$5,558,302$3,651,530$17,614,613
87$22,440,616$5,769,737$3,712,935$19,271,028
88$24,666,719$5,989,614$3,774,478$21,092,537
89$27,117,904$6,218,285$3,836,102$23,095,877
90$29,817,068$6,456,119$3,897,750$25,299,484
91$32,789,440$6,703,500$3,959,356$27,723,675
92$36,062,823$6,960,831$4,020,854$30,390,835
93$39,667,849$7,228,530$4,082,171$33,325,630
94$43,638,276$7,507,035$4,143,230$36,555,238
95$48,011,303$7,796,802$4,203,951$40,109,606
96$52,827,919$8,098,308$4,264,246$44,021,732
97$58,133,293$8,412,052$4,324,025$48,327,975
98$63,977,198$8,738,551$4,383,189$53,068,403
99$70,414,482$9,078,351$4,441,636$58,287,162
100$77,505,585$9,432,016$4,499,257$64,032,901