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%11.8%
1 years$189,106$187,422$185,778$184,174$182,608$181,229
2 years$93,617$91,873$90,184$88,545$86,956$85,566
3 years$61,791$60,040$58,355$56,732$55,169$53,810
4 years$45,882$44,136$42,467$40,872$39,347$38,031
5 years$36,338$34,603$32,956$31,394$29,911$28,641
6 years$29,978$28,256$26,634$25,106$23,667$22,445
7 years$25,437$23,729$22,133$20,641$19,248$18,074
8 years$22,033$20,340$18,770$17,315$15,968$14,842
9 years$19,386$17,710$16,167$14,749$13,447$12,370
10 years$17,270$15,611$14,095$12,713$11,458$10,428
11 years$15,540$13,897$12,409$11,065$9,854$8,870
12 years$14,100$12,473$11,012$9,705$8,539$7,601
13 years$12,882$11,272$9,839$8,568$7,446$6,553
14 years$11,838$10,246$8,840$7,606$6,528$5,678
15 years$10,935$9,360$7,982$6,783$5,747$4,940
16 years$10,146$8,588$7,236$6,073$5,080$4,314
17 years$9,450$7,909$6,585$5,457$4,504$3,778
18 years$8,832$7,308$6,011$4,918$4,005$3,317
19 years$8,279$6,773$5,503$4,444$3,569$2,919
20 years$7,783$6,294$5,050$4,025$3,188$2,574
21 years$7,334$5,863$4,645$3,653$2,853$2,274
22 years$6,927$5,472$4,281$3,321$2,557$2,011
23 years$6,556$5,118$3,953$3,025$2,296$1,781
24 years$6,216$4,796$3,656$2,759$2,063$1,579
25 years$5,904$4,500$3,386$2,519$1,857$1,402
26 years$5,616$4,230$3,140$2,303$1,673$1,245
27 years$5,350$3,981$2,916$2,108$1,508$1,107
28 years$5,104$3,751$2,711$1,932$1,361$985
29 years$4,875$3,539$2,523$1,771$1,229$876
30 years$4,661$3,342$2,350$1,626$1,110$781
31 years$4,462$3,159$2,191$1,493$1,004$696
32 years$4,276$2,989$2,044$1,372$908$620
33 years$4,101$2,831$1,908$1,262$822$553
34 years$3,937$2,683$1,783$1,161$744$493
35 years$3,783$2,545$1,667$1,069$674$440
36 years$3,637$2,415$1,560$984$610$393
37 years$3,500$2,294$1,460$907$553$351
38 years$3,370$2,180$1,367$836$502$313
39 years$3,247$2,073$1,281$771$455$280
40 years$3,131$1,972$1,200$711$413$250
41 years$3,020$1,877$1,126$656$374$223
42 years$2,916$1,788$1,056$605$340$199
43 years$2,816$1,704$991$559$308$178
44 years$2,721$1,624$930$516$280$159
45 years$2,630$1,549$873$477$254$142
46 years$2,544$1,477$820$440$231$127
47 years$2,462$1,410$771$407$209$114
48 years$2,383$1,346$724$376$190$102
49 years$2,308$1,285$681$347$173$91
50 years$2,236$1,228$640$321$157$81

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 $5,736 every year, while hoping to spend $55,250 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: 65/22/13 Blend
62$2,290,000$2,290,000$2,290,000$2,290,000
63$2,529,497$2,408,127$2,372,632$2,685,919
64$2,728,720$2,467,339$2,393,329$2,850,337
65$2,946,412$2,527,602$2,412,868$3,022,954
66$3,184,398$2,588,907$2,431,152$3,210,184
67$3,444,690$2,651,246$2,448,078$3,413,451
68$3,729,498$2,714,607$2,463,539$3,634,325
69$4,041,260$2,778,976$2,477,421$3,874,531
70$4,382,660$2,844,337$2,489,606$4,135,973
71$4,756,653$2,910,671$2,499,969$4,420,746
72$5,166,491$2,977,954$2,508,378$4,731,158
73$5,615,760$3,046,160$2,514,696$5,069,753
74$6,108,407$3,115,261$2,518,777$5,439,330
75$6,648,778$3,185,223$2,520,470$5,842,977
76$7,241,663$3,256,008$2,519,615$6,284,093
77$7,892,336$3,327,575$2,516,045$6,766,425
78$8,606,605$3,399,878$2,509,584$7,294,100
79$9,390,872$3,472,865$2,500,047$7,871,666
80$10,252,185$3,546,479$2,487,243$8,504,133
81$11,198,310$3,620,660$2,470,969$9,197,023
82$12,237,803$3,695,337$2,451,011$9,956,420
83$13,380,088$3,770,438$2,427,149$10,789,028
84$14,635,549$3,845,881$2,399,150$11,702,235
85$16,015,622$3,921,577$2,366,769$12,704,181
86$17,532,912$3,997,430$2,329,752$13,803,837
87$19,201,302$4,073,337$2,287,832$15,011,088
88$21,036,088$4,149,184$2,240,728$16,336,829
89$23,054,125$4,224,850$2,188,148$17,793,064
90$25,273,981$4,300,202$2,129,786$19,393,022
91$27,716,114$4,375,099$2,065,321$21,151,284
92$30,403,067$4,449,389$1,994,419$23,083,915
93$33,359,676$4,522,905$1,916,728$25,208,622
94$36,613,308$4,595,472$1,831,883$27,544,916
95$40,194,115$4,666,900$1,739,500$30,114,303
96$44,135,320$4,736,984$1,639,180$32,940,478
97$48,473,534$4,805,506$1,530,503$36,049,560
98$53,249,091$4,872,234$1,413,032$39,470,328
99$58,506,441$4,936,915$1,286,311$43,234,502
100$64,294,557$4,999,283$1,149,861$47,377,036