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

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$189,106$187,422$185,778$184,174$182,608$180,701
2 years$93,617$91,873$90,184$88,545$86,956$85,036
3 years$61,791$60,040$58,355$56,732$55,169$53,294
4 years$45,882$44,136$42,467$40,872$39,347$37,533
5 years$36,338$34,603$32,956$31,394$29,911$28,163
6 years$29,978$28,256$26,634$25,106$23,667$21,988
7 years$25,437$23,729$22,133$20,641$19,248$17,637
8 years$22,033$20,340$18,770$17,315$15,968$14,426
9 years$19,386$17,710$16,167$14,749$13,447$11,973
10 years$17,270$15,611$14,095$12,713$11,458$10,051
11 years$15,540$13,897$12,409$11,065$9,854$8,513
12 years$14,100$12,473$11,012$9,705$8,539$7,263
13 years$12,882$11,272$9,839$8,568$7,446$6,233
14 years$11,838$10,246$8,840$7,606$6,528$5,376
15 years$10,935$9,360$7,982$6,783$5,747$4,656
16 years$10,146$8,588$7,236$6,073$5,080$4,046
17 years$9,450$7,909$6,585$5,457$4,504$3,526
18 years$8,832$7,308$6,011$4,918$4,005$3,081
19 years$8,279$6,773$5,503$4,444$3,569$2,698
20 years$7,783$6,294$5,050$4,025$3,188$2,366
21 years$7,334$5,863$4,645$3,653$2,853$2,079
22 years$6,927$5,472$4,281$3,321$2,557$1,830
23 years$6,556$5,118$3,953$3,025$2,296$1,612
24 years$6,216$4,796$3,656$2,759$2,063$1,421
25 years$5,904$4,500$3,386$2,519$1,857$1,255
26 years$5,616$4,230$3,140$2,303$1,673$1,108
27 years$5,350$3,981$2,916$2,108$1,508$980
28 years$5,104$3,751$2,711$1,932$1,361$867
29 years$4,875$3,539$2,523$1,771$1,229$767
30 years$4,661$3,342$2,350$1,626$1,110$679
31 years$4,462$3,159$2,191$1,493$1,004$602
32 years$4,276$2,989$2,044$1,372$908$533
33 years$4,101$2,831$1,908$1,262$822$473
34 years$3,937$2,683$1,783$1,161$744$419
35 years$3,783$2,545$1,667$1,069$674$372
36 years$3,637$2,415$1,560$984$610$330
37 years$3,500$2,294$1,460$907$553$293
38 years$3,370$2,180$1,367$836$502$260
39 years$3,247$2,073$1,281$771$455$231
40 years$3,131$1,972$1,200$711$413$205
41 years$3,020$1,877$1,126$656$374$182
42 years$2,916$1,788$1,056$605$340$162
43 years$2,816$1,704$991$559$308$144
44 years$2,721$1,624$930$516$280$128
45 years$2,630$1,549$873$477$254$113
46 years$2,544$1,477$820$440$231$101
47 years$2,462$1,410$771$407$209$89
48 years$2,383$1,346$724$376$190$79
49 years$2,308$1,285$681$347$173$71
50 years$2,236$1,228$640$321$157$63

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 $6,551 every year, while hoping to spend $24,630 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: 46/42/12 Blend
62$2,290,000$2,290,000$2,290,000$2,290,000
63$2,530,337$2,408,967$2,373,472$2,637,896
64$2,762,226$2,500,801$2,426,778$2,804,873
65$3,016,941$2,596,308$2,481,043$2,982,861
66$3,296,786$2,695,644$2,536,275$3,175,397
67$3,604,297$2,798,969$2,592,479$3,383,836
68$3,942,267$2,906,451$2,649,659$3,609,671
69$4,313,777$3,018,266$2,707,821$3,854,540
70$4,722,216$3,134,595$2,766,967$4,120,242
71$5,171,322$3,255,630$2,827,100$4,408,757
72$5,665,211$3,381,570$2,888,222$4,722,260
73$6,208,419$3,512,623$2,950,334$5,063,141
74$6,805,942$3,649,006$3,013,435$5,434,029
75$7,463,287$3,790,947$3,077,524$5,837,816
76$8,186,521$3,938,681$3,142,599$6,277,680
77$8,982,326$4,092,457$3,208,657$6,757,118
78$9,858,069$4,252,532$3,275,692$7,279,978
79$10,821,862$4,419,177$3,343,698$7,850,489
80$11,882,649$4,592,673$3,412,668$8,473,310
81$13,050,279$4,773,314$3,482,593$9,153,561
82$14,335,609$4,961,408$3,553,461$9,896,880
83$15,750,601$5,157,276$3,625,261$10,709,471
84$17,308,433$5,361,254$3,697,979$11,598,160
85$19,023,629$5,573,691$3,771,597$12,570,463
86$20,912,192$5,794,955$3,846,098$13,634,651
87$22,991,755$6,025,427$3,921,462$14,799,828
88$25,281,749$6,265,508$3,997,666$16,076,018
89$27,803,584$6,515,615$4,074,685$17,474,255
90$30,580,855$6,776,185$4,152,492$19,006,688
91$33,639,558$7,047,674$4,231,056$20,686,695
92$37,008,341$7,330,559$4,310,345$22,529,002
93$40,718,774$7,625,338$4,390,323$24,549,827
94$44,805,641$7,932,532$4,470,951$26,767,030
95$49,307,276$8,252,685$4,552,187$29,200,276
96$54,265,918$8,586,367$4,633,986$31,871,224
97$59,728,115$8,934,172$4,716,297$34,803,724
98$65,745,158$9,296,722$4,799,069$38,024,046
99$72,373,571$9,674,668$4,882,245$41,561,121
100$79,675,637$10,068,689$4,965,762$45,446,815