Can I retire at age 63 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$189,106$187,422$185,778$184,174$182,608$178,921
2 years$93,617$91,873$90,184$88,545$86,956$83,258
3 years$61,791$60,040$58,355$56,732$55,169$51,574
4 years$45,882$44,136$42,467$40,872$39,347$35,884
5 years$36,338$34,603$32,956$31,394$29,911$26,589
6 years$29,978$28,256$26,634$25,106$23,667$20,491
7 years$25,437$23,729$22,133$20,641$19,248$16,217
8 years$22,033$20,340$18,770$17,315$15,968$13,082
9 years$19,386$17,710$16,167$14,749$13,447$10,705
10 years$17,270$15,611$14,095$12,713$11,458$8,855
11 years$15,540$13,897$12,409$11,065$9,854$7,389
12 years$14,100$12,473$11,012$9,705$8,539$6,207
13 years$12,882$11,272$9,839$8,568$7,446$5,244
14 years$11,838$10,246$8,840$7,606$6,528$4,451
15 years$10,935$9,360$7,982$6,783$5,747$3,791
16 years$10,146$8,588$7,236$6,073$5,080$3,240
17 years$9,450$7,909$6,585$5,457$4,504$2,776
18 years$8,832$7,308$6,011$4,918$4,005$2,384
19 years$8,279$6,773$5,503$4,444$3,569$2,051
20 years$7,783$6,294$5,050$4,025$3,188$1,767
21 years$7,334$5,863$4,645$3,653$2,853$1,525
22 years$6,927$5,472$4,281$3,321$2,557$1,318
23 years$6,556$5,118$3,953$3,025$2,296$1,139
24 years$6,216$4,796$3,656$2,759$2,063$986
25 years$5,904$4,500$3,386$2,519$1,857$854
26 years$5,616$4,230$3,140$2,303$1,673$740
27 years$5,350$3,981$2,916$2,108$1,508$642
28 years$5,104$3,751$2,711$1,932$1,361$557
29 years$4,875$3,539$2,523$1,771$1,229$483
30 years$4,661$3,342$2,350$1,626$1,110$420
31 years$4,462$3,159$2,191$1,493$1,004$365
32 years$4,276$2,989$2,044$1,372$908$317
33 years$4,101$2,831$1,908$1,262$822$275
34 years$3,937$2,683$1,783$1,161$744$239
35 years$3,783$2,545$1,667$1,069$674$208
36 years$3,637$2,415$1,560$984$610$181
37 years$3,500$2,294$1,460$907$553$157
38 years$3,370$2,180$1,367$836$502$137
39 years$3,247$2,073$1,281$771$455$119
40 years$3,131$1,972$1,200$711$413$103
41 years$3,020$1,877$1,126$656$374$90
42 years$2,916$1,788$1,056$605$340$78
43 years$2,816$1,704$991$559$308$68
44 years$2,721$1,624$930$516$280$59
45 years$2,630$1,549$873$477$254$52
46 years$2,544$1,477$820$440$231$45
47 years$2,462$1,410$771$407$209$39
48 years$2,383$1,346$724$376$190$34
49 years$2,308$1,285$681$347$173$30
50 years$2,236$1,228$640$321$157$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,290,000, adding $6,204 every year, while hoping to spend $57,482 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: 45/44/11 Blend
62$2,290,000$2,290,000$2,290,000$2,290,000
63$2,529,979$2,408,609$2,373,114$2,635,667
64$2,726,877$2,465,471$2,391,453$2,766,445
65$2,941,931$2,523,192$2,408,480$2,901,805
66$3,176,934$2,581,754$2,424,090$3,047,289
67$3,433,857$2,641,136$2,438,173$3,203,852
68$3,714,873$2,701,313$2,450,613$3,372,547
69$4,022,370$2,762,258$2,461,289$3,554,534
70$4,358,983$2,823,940$2,470,073$3,751,089
71$4,727,609$2,886,323$2,476,831$3,963,617
72$5,131,442$2,949,369$2,481,422$4,193,670
73$5,573,996$3,013,036$2,483,697$4,442,953
74$6,059,145$3,077,276$2,483,501$4,713,347
75$6,591,151$3,142,036$2,480,672$5,006,925
76$7,174,712$3,207,259$2,475,038$5,325,970
77$7,815,001$3,272,883$2,466,421$5,672,998
78$8,517,717$3,338,840$2,454,631$6,050,783
79$9,289,135$3,405,054$2,439,472$6,462,379
80$10,136,170$3,471,445$2,420,738$6,911,156
81$11,066,439$3,537,925$2,398,212$7,400,825
82$12,088,331$3,604,399$2,371,667$7,935,477
83$13,211,089$3,670,763$2,340,866$8,519,621
84$14,444,895$3,736,905$2,305,561$9,158,228
85$15,800,967$3,802,706$2,265,490$9,856,775
86$17,291,664$3,868,037$2,220,381$10,621,300
87$18,930,600$3,932,757$2,169,950$11,458,458
88$20,732,775$3,996,716$2,113,898$12,375,586
89$22,714,717$4,059,755$2,051,913$13,380,769
90$24,894,634$4,121,698$1,983,668$14,482,919
91$27,292,588$4,182,362$1,908,822$15,691,863
92$29,930,682$4,241,548$1,827,017$17,018,428
93$32,833,270$4,299,043$1,737,881$18,474,552
94$36,027,187$4,354,619$1,641,023$20,073,392
95$39,541,998$4,408,033$1,536,035$21,829,453
96$43,410,281$4,459,026$1,422,492$23,758,721
97$47,667,931$4,507,320$1,299,947$25,878,819
98$52,354,501$4,552,620$1,167,936$28,209,171
99$57,513,570$4,594,608$1,025,972$30,771,188
100$63,193,161$4,632,950$873,548$33,588,472