Can I retire at age 63 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$189,932$188,240$186,589$184,978$183,405$180,814
2 years$94,026$92,275$90,577$88,932$87,336$84,730
3 years$62,061$60,302$58,610$56,980$55,409$52,870
4 years$46,082$44,329$42,653$41,051$39,518$37,065
5 years$36,497$34,754$33,100$31,531$30,041$27,682
6 years$30,109$28,379$26,750$25,215$23,771$21,507
7 years$25,548$23,833$22,229$20,731$19,332$17,165
8 years$22,129$20,429$18,852$17,391$16,038$13,968
9 years$19,471$17,787$16,237$14,813$13,506$11,532
10 years$17,346$15,679$14,156$12,769$11,508$9,627
11 years$15,608$13,958$12,463$11,113$9,897$8,109
12 years$14,161$12,528$11,060$9,747$8,577$6,879
13 years$12,938$11,321$9,882$8,606$7,479$5,869
14 years$11,890$10,291$8,879$7,639$6,556$5,032
15 years$10,983$9,401$8,016$6,813$5,772$4,331
16 years$10,190$8,625$7,268$6,100$5,102$3,740
17 years$9,491$7,943$6,614$5,481$4,524$3,239
18 years$8,870$7,340$6,037$4,939$4,022$2,812
19 years$8,316$6,803$5,527$4,463$3,585$2,446
20 years$7,817$6,321$5,072$4,042$3,202$2,132
21 years$7,366$5,888$4,666$3,669$2,866$1,860
22 years$6,957$5,496$4,300$3,336$2,569$1,626
23 years$6,585$5,141$3,970$3,038$2,306$1,422
24 years$6,243$4,816$3,672$2,771$2,072$1,246
25 years$5,930$4,520$3,401$2,530$1,865$1,092
26 years$5,641$4,248$3,154$2,314$1,680$958
27 years$5,374$3,998$2,929$2,118$1,514$841
28 years$5,126$3,767$2,723$1,940$1,367$738
29 years$4,896$3,554$2,534$1,779$1,234$649
30 years$4,682$3,356$2,360$1,633$1,115$570
31 years$4,482$3,173$2,200$1,500$1,008$501
32 years$4,294$3,002$2,053$1,378$912$441
33 years$4,119$2,843$1,917$1,267$825$388
34 years$3,954$2,695$1,791$1,166$747$342
35 years$3,799$2,556$1,674$1,073$677$301
36 years$3,653$2,426$1,566$989$613$265
37 years$3,515$2,304$1,466$911$556$233
38 years$3,385$2,190$1,373$840$504$205
39 years$3,261$2,082$1,286$774$457$181
40 years$3,144$1,981$1,206$714$414$159
41 years$3,034$1,886$1,131$659$376$141
42 years$2,928$1,796$1,060$608$341$124
43 years$2,828$1,711$995$561$310$109
44 years$2,733$1,631$934$518$281$96
45 years$2,642$1,555$877$479$255$85
46 years$2,555$1,484$824$442$232$75
47 years$2,473$1,416$774$408$210$66
48 years$2,393$1,352$727$377$191$58
49 years$2,318$1,291$684$349$173$51
50 years$2,246$1,233$643$322$158$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,300,000, adding $3,654 every year, while hoping to spend $52,432 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: 34/44/22 Blend
62$2,300,000$2,300,000$2,300,000$2,300,000
63$2,538,369$2,416,469$2,380,819$2,607,509
64$2,741,496$2,479,089$2,404,789$2,721,757
65$2,963,584$2,543,020$2,427,805$2,839,822
66$3,206,512$2,608,270$2,449,779$2,966,071
67$3,472,349$2,674,849$2,470,620$3,101,262
68$3,763,373$2,742,761$2,490,230$3,246,230
69$4,082,092$2,812,011$2,508,508$3,401,893
70$4,431,269$2,882,602$2,525,346$3,569,264
71$4,813,944$2,954,536$2,540,631$3,749,457
72$5,233,469$3,027,811$2,554,245$3,943,700
73$5,693,534$3,102,425$2,566,063$4,153,345
74$6,198,202$3,178,371$2,575,954$4,379,885
75$6,751,950$3,255,643$2,583,780$4,624,960
76$7,359,708$3,334,229$2,589,396$4,890,382
77$8,026,908$3,414,116$2,592,651$5,178,143
78$8,759,533$3,495,288$2,593,384$5,490,443
79$9,564,173$3,577,724$2,591,430$5,829,702
80$10,448,087$3,661,401$2,586,612$6,198,592
81$11,419,275$3,746,292$2,578,746$6,600,054
82$12,486,546$3,832,366$2,567,639$7,037,332
83$13,659,608$3,919,586$2,553,089$7,513,999
84$14,949,154$4,007,912$2,534,884$8,033,996
85$16,366,967$4,097,299$2,512,801$8,601,666
86$17,926,025$4,187,695$2,486,609$9,221,796
87$19,640,631$4,279,043$2,456,061$9,899,664
88$21,526,541$4,371,282$2,420,905$10,641,084
89$23,601,114$4,464,341$2,380,871$11,452,471
90$25,883,479$4,558,144$2,335,681$12,340,890
91$28,394,708$4,652,607$2,285,041$13,314,135
92$31,158,023$4,747,639$2,228,644$14,380,792
93$34,199,008$4,843,141$2,166,170$15,550,329
94$37,545,854$4,939,002$2,097,284$16,833,183
95$41,229,622$5,035,104$2,021,635$18,240,858
96$45,284,539$5,131,319$1,938,854$19,786,034
97$49,748,316$5,227,508$1,848,560$21,482,690
98$54,662,508$5,323,520$1,750,351$23,346,236
99$60,072,904$5,419,192$1,643,808$25,393,658
100$66,029,957$5,514,350$1,528,492$27,643,679