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%16.4%
1 years$189,106$187,422$185,778$184,174$182,608$177,833
2 years$93,617$91,873$90,184$88,545$86,956$82,178
3 years$61,791$60,040$58,355$56,732$55,169$50,536
4 years$45,882$44,136$42,467$40,872$39,347$34,897
5 years$36,338$34,603$32,956$31,394$29,911$25,655
6 years$29,978$28,256$26,634$25,106$23,667$19,610
7 years$25,437$23,729$22,133$20,641$19,248$15,389
8 years$22,033$20,340$18,770$17,315$15,968$12,306
9 years$19,386$17,710$16,167$14,749$13,447$9,979
10 years$17,270$15,611$14,095$12,713$11,458$8,179
11 years$15,540$13,897$12,409$11,065$9,854$6,759
12 years$14,100$12,473$11,012$9,705$8,539$5,623
13 years$12,882$11,272$9,839$8,568$7,446$4,703
14 years$11,838$10,246$8,840$7,606$6,528$3,951
15 years$10,935$9,360$7,982$6,783$5,747$3,331
16 years$10,146$8,588$7,236$6,073$5,080$2,816
17 years$9,450$7,909$6,585$5,457$4,504$2,387
18 years$8,832$7,308$6,011$4,918$4,005$2,027
19 years$8,279$6,773$5,503$4,444$3,569$1,725
20 years$7,783$6,294$5,050$4,025$3,188$1,469
21 years$7,334$5,863$4,645$3,653$2,853$1,253
22 years$6,927$5,472$4,281$3,321$2,557$1,070
23 years$6,556$5,118$3,953$3,025$2,296$915
24 years$6,216$4,796$3,656$2,759$2,063$782
25 years$5,904$4,500$3,386$2,519$1,857$670
26 years$5,616$4,230$3,140$2,303$1,673$574
27 years$5,350$3,981$2,916$2,108$1,508$491
28 years$5,104$3,751$2,711$1,932$1,361$421
29 years$4,875$3,539$2,523$1,771$1,229$361
30 years$4,661$3,342$2,350$1,626$1,110$310
31 years$4,462$3,159$2,191$1,493$1,004$266
32 years$4,276$2,989$2,044$1,372$908$228
33 years$4,101$2,831$1,908$1,262$822$196
34 years$3,937$2,683$1,783$1,161$744$168
35 years$3,783$2,545$1,667$1,069$674$144
36 years$3,637$2,415$1,560$984$610$124
37 years$3,500$2,294$1,460$907$553$106
38 years$3,370$2,180$1,367$836$502$91
39 years$3,247$2,073$1,281$771$455$78
40 years$3,131$1,972$1,200$711$413$67
41 years$3,020$1,877$1,126$656$374$58
42 years$2,916$1,788$1,056$605$340$50
43 years$2,816$1,704$991$559$308$43
44 years$2,721$1,624$930$516$280$37
45 years$2,630$1,549$873$477$254$31
46 years$2,544$1,477$820$440$231$27
47 years$2,462$1,410$771$407$209$23
48 years$2,383$1,346$724$376$190$20
49 years$2,308$1,285$681$347$173$17
50 years$2,236$1,228$640$321$157$15

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 $3,370 every year, while hoping to spend $21,496 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: 54/29/17 Blend
62$2,290,000$2,290,000$2,290,000$2,290,000
63$2,527,056$2,405,686$2,370,191$2,651,804
64$2,761,944$2,500,693$2,426,721$2,832,391
65$3,020,071$2,599,635$2,484,424$3,026,289
66$3,303,783$2,702,682$2,543,317$3,236,871
67$3,615,667$2,810,012$2,603,417$3,465,734
68$3,958,572$2,921,810$2,664,739$3,714,634
69$4,335,639$3,038,271$2,727,299$3,985,500
70$4,750,324$3,159,596$2,791,114$4,280,454
71$5,206,440$3,285,999$2,856,200$4,601,833
72$5,708,185$3,417,701$2,922,570$4,952,204
73$6,260,184$3,554,933$2,990,240$5,334,394
74$6,867,535$3,697,936$3,059,225$5,751,511
75$7,535,853$3,846,965$3,129,539$6,206,977
76$8,271,326$4,002,282$3,201,195$6,704,557
77$9,080,772$4,164,165$3,274,205$7,248,395
78$9,971,703$4,332,902$3,348,584$7,843,050
79$10,952,398$4,508,794$3,424,342$8,493,544
80$12,031,975$4,692,158$3,501,491$9,205,401
81$13,220,487$4,883,324$3,580,041$9,984,704
82$14,529,006$5,082,636$3,660,001$10,838,151
83$15,969,734$5,290,456$3,741,381$11,773,113
84$17,556,119$5,507,159$3,824,189$12,797,708
85$19,302,975$5,733,142$3,908,431$13,920,875
86$21,226,628$5,968,816$3,994,114$15,152,454
87$23,345,069$6,214,612$4,081,241$16,503,284
88$25,678,120$6,470,983$4,169,817$17,985,299
89$28,247,626$6,738,399$4,259,843$19,611,643
90$31,077,657$7,017,353$4,351,321$21,396,788
91$34,194,738$7,308,363$4,444,250$23,356,677
92$37,628,096$7,611,968$4,538,628$25,508,866
93$41,409,940$7,928,733$4,634,450$27,872,693
94$45,575,762$8,259,248$4,731,712$30,469,457
95$50,164,670$8,604,132$4,830,405$33,322,618
96$55,219,763$8,964,031$4,930,519$36,458,019
97$60,788,531$9,339,621$5,032,044$39,904,123
98$66,923,309$9,731,610$5,134,966$43,692,286
99$73,681,766$10,140,739$5,239,267$47,857,050
100$81,127,452$10,567,781$5,344,928$52,436,464