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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$189,932$188,240$186,589$184,978$183,405$181,189
2 years$94,026$92,275$90,577$88,932$87,336$85,105
3 years$62,061$60,302$58,610$56,980$55,409$53,234
4 years$46,082$44,329$42,653$41,051$39,518$37,415
5 years$36,497$34,754$33,100$31,531$30,041$28,016
6 years$30,109$28,379$26,750$25,215$23,771$21,825
7 years$25,548$23,833$22,229$20,731$19,332$17,468
8 years$22,129$20,429$18,852$17,391$16,038$14,255
9 years$19,471$17,787$16,237$14,813$13,506$11,804
10 years$17,346$15,679$14,156$12,769$11,508$9,884
11 years$15,608$13,958$12,463$11,113$9,897$8,352
12 years$14,161$12,528$11,060$9,747$8,577$7,107
13 years$12,938$11,321$9,882$8,606$7,479$6,084
14 years$11,890$10,291$8,879$7,639$6,556$5,233
15 years$10,983$9,401$8,016$6,813$5,772$4,519
16 years$10,190$8,625$7,268$6,100$5,102$3,916
17 years$9,491$7,943$6,614$5,481$4,524$3,404
18 years$8,870$7,340$6,037$4,939$4,022$2,966
19 years$8,316$6,803$5,527$4,463$3,585$2,589
20 years$7,817$6,321$5,072$4,042$3,202$2,265
21 years$7,366$5,888$4,666$3,669$2,866$1,984
22 years$6,957$5,496$4,300$3,336$2,569$1,740
23 years$6,585$5,141$3,970$3,038$2,306$1,529
24 years$6,243$4,816$3,672$2,771$2,072$1,344
25 years$5,930$4,520$3,401$2,530$1,865$1,183
26 years$5,641$4,248$3,154$2,314$1,680$1,041
27 years$5,374$3,998$2,929$2,118$1,514$918
28 years$5,126$3,767$2,723$1,940$1,367$809
29 years$4,896$3,554$2,534$1,779$1,234$714
30 years$4,682$3,356$2,360$1,633$1,115$630
31 years$4,482$3,173$2,200$1,500$1,008$556
32 years$4,294$3,002$2,053$1,378$912$492
33 years$4,119$2,843$1,917$1,267$825$434
34 years$3,954$2,695$1,791$1,166$747$384
35 years$3,799$2,556$1,674$1,073$677$339
36 years$3,653$2,426$1,566$989$613$300
37 years$3,515$2,304$1,466$911$556$265
38 years$3,385$2,190$1,373$840$504$235
39 years$3,261$2,082$1,286$774$457$208
40 years$3,144$1,981$1,206$714$414$184
41 years$3,034$1,886$1,131$659$376$163
42 years$2,928$1,796$1,060$608$341$144
43 years$2,828$1,711$995$561$310$127
44 years$2,733$1,631$934$518$281$113
45 years$2,642$1,555$877$479$255$100
46 years$2,555$1,484$824$442$232$88
47 years$2,473$1,416$774$408$210$78
48 years$2,393$1,352$727$377$191$69
49 years$2,318$1,291$684$349$173$61
50 years$2,246$1,233$643$322$158$54

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 $3,570 every year, while hoping to spend $43,384 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: 81/9/10 Blend
62$2,300,000$2,300,000$2,300,000$2,300,000
63$2,538,282$2,416,382$2,380,732$2,739,568
64$2,751,027$2,488,625$2,414,327$2,944,265
65$2,984,017$2,562,953$2,447,592$3,162,824
66$3,239,273$2,639,424$2,480,473$3,401,424
67$3,519,018$2,718,094$2,512,907$3,662,049
68$3,825,701$2,799,024$2,544,833$3,946,884
69$4,162,019$2,882,273$2,576,181$4,258,337
70$4,530,944$2,967,903$2,606,882$4,599,057
71$4,935,747$3,055,978$2,636,860$4,971,965
72$5,380,034$3,146,562$2,666,036$5,380,275
73$5,867,775$3,239,721$2,694,325$5,827,529
74$6,403,343$3,335,522$2,721,640$6,317,630
75$6,991,557$3,434,035$2,747,888$6,854,873
76$7,637,723$3,535,330$2,772,969$7,443,994
77$8,347,688$3,639,478$2,796,781$8,090,207
78$9,127,894$3,746,554$2,819,215$8,799,259
79$9,985,435$3,856,632$2,840,155$9,577,477
80$10,928,131$3,969,789$2,859,482$10,431,836
81$11,964,594$4,086,101$2,877,068$11,370,018
82$13,104,312$4,205,650$2,892,779$12,400,486
83$14,357,740$4,328,515$2,906,475$13,532,566
84$15,736,397$4,454,780$2,918,010$14,776,532
85$17,252,973$4,584,528$2,927,227$16,143,705
86$18,921,451$4,717,844$2,933,963$17,646,556
87$20,757,237$4,854,816$2,938,049$19,298,830
88$22,777,306$4,995,533$2,939,304$21,115,666
89$25,000,361$5,140,084$2,937,541$23,113,751
90$27,447,010$5,288,560$2,932,561$25,311,467
91$30,139,961$5,441,056$2,924,157$27,729,072
92$33,104,233$5,597,664$2,912,113$30,388,885
93$36,367,397$5,758,481$2,896,200$33,315,501
94$39,959,828$5,923,604$2,876,180$36,536,021
95$43,915,001$6,093,130$2,851,802$40,080,306
96$48,269,798$6,267,161$2,822,805$43,981,262
97$53,064,862$6,445,796$2,788,914$48,275,149
98$58,344,976$6,629,139$2,749,840$53,001,921
99$64,159,488$6,817,291$2,705,284$58,205,607
100$70,562,775$7,010,357$2,654,930$63,934,721