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%18%
1 years$189,932$188,240$186,589$184,978$183,405$177,463
2 years$94,026$92,275$90,577$88,932$87,336$81,405
3 years$62,061$60,302$58,610$56,980$55,409$49,676
4 years$46,082$44,329$42,653$41,051$39,518$34,027
5 years$36,497$34,754$33,100$31,531$30,041$24,805
6 years$30,109$28,379$26,750$25,215$23,771$18,795
7 years$25,548$23,833$22,229$20,731$19,332$14,616
8 years$22,129$20,429$18,852$17,391$16,038$11,578
9 years$19,471$17,787$16,237$14,813$13,506$9,298
10 years$17,346$15,679$14,156$12,769$11,508$7,545
11 years$15,608$13,958$12,463$11,113$9,897$6,172
12 years$14,161$12,528$11,060$9,747$8,577$5,080
13 years$12,938$11,321$9,882$8,606$7,479$4,203
14 years$11,890$10,291$8,879$7,639$6,556$3,492
15 years$10,983$9,401$8,016$6,813$5,772$2,911
16 years$10,190$8,625$7,268$6,100$5,102$2,433
17 years$9,491$7,943$6,614$5,481$4,524$2,038
18 years$8,870$7,340$6,037$4,939$4,022$1,711
19 years$8,316$6,803$5,527$4,463$3,585$1,438
20 years$7,817$6,321$5,072$4,042$3,202$1,210
21 years$7,366$5,888$4,666$3,669$2,866$1,020
22 years$6,957$5,496$4,300$3,336$2,569$860
23 years$6,585$5,141$3,970$3,038$2,306$726
24 years$6,243$4,816$3,672$2,771$2,072$613
25 years$5,930$4,520$3,401$2,530$1,865$518
26 years$5,641$4,248$3,154$2,314$1,680$438
27 years$5,374$3,998$2,929$2,118$1,514$370
28 years$5,126$3,767$2,723$1,940$1,367$313
29 years$4,896$3,554$2,534$1,779$1,234$265
30 years$4,682$3,356$2,360$1,633$1,115$224
31 years$4,482$3,173$2,200$1,500$1,008$190
32 years$4,294$3,002$2,053$1,378$912$161
33 years$4,119$2,843$1,917$1,267$825$136
34 years$3,954$2,695$1,791$1,166$747$115
35 years$3,799$2,556$1,674$1,073$677$98
36 years$3,653$2,426$1,566$989$613$83
37 years$3,515$2,304$1,466$911$556$70
38 years$3,385$2,190$1,373$840$504$59
39 years$3,261$2,082$1,286$774$457$50
40 years$3,144$1,981$1,206$714$414$43
41 years$3,034$1,886$1,131$659$376$36
42 years$2,928$1,796$1,060$608$341$31
43 years$2,828$1,711$995$561$310$26
44 years$2,733$1,631$934$518$281$22
45 years$2,642$1,555$877$479$255$19
46 years$2,555$1,484$824$442$232$16
47 years$2,473$1,416$774$408$210$13
48 years$2,393$1,352$727$377$191$11
49 years$2,318$1,291$684$349$173$10
50 years$2,246$1,233$643$322$158$8

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 $4,421 every year, while hoping to spend $35,210 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: 55/15/30 Blend
62$2,300,000$2,300,000$2,300,000$2,300,000
63$2,539,160$2,417,260$2,381,610$2,657,424
64$2,760,691$2,498,243$2,423,931$2,820,647
65$3,003,639$2,582,013$2,466,489$2,994,361
66$3,270,149$2,668,672$2,509,256$3,182,878
67$3,562,588$2,758,320$2,552,200$3,387,638
68$3,883,561$2,851,067$2,595,288$3,610,228
69$4,235,937$2,947,022$2,638,483$3,852,392
70$4,622,878$3,046,301$2,681,747$4,116,054
71$5,047,864$3,149,023$2,725,038$4,403,329
72$5,514,733$3,255,312$2,768,314$4,716,548
73$6,027,711$3,365,297$2,811,527$5,058,279
74$6,591,452$3,479,111$2,854,628$5,431,349
75$7,211,086$3,596,893$2,897,564$5,838,873
76$7,892,262$3,718,786$2,940,277$6,284,279
77$8,641,206$3,844,940$2,982,710$6,771,346
78$9,464,776$3,975,509$3,024,798$7,304,237
79$10,370,529$4,110,655$3,066,474$7,887,534
80$11,366,789$4,250,543$3,107,668$8,526,289
81$12,462,730$4,395,348$3,148,303$9,226,065
82$13,668,457$4,545,249$3,188,300$9,992,991
83$14,995,106$4,700,432$3,227,574$10,833,820
84$16,454,946$4,861,093$3,266,037$11,755,990
85$18,061,495$5,027,431$3,303,594$12,767,699
86$19,829,649$5,199,656$3,340,146$13,877,976
87$21,775,820$5,377,986$3,375,587$15,096,771
88$23,918,092$5,562,646$3,409,808$16,435,045
89$26,276,391$5,753,870$3,442,690$17,904,877
90$28,872,675$5,951,901$3,474,112$19,519,576
91$31,731,137$6,156,993$3,503,944$21,293,804
92$34,878,435$6,369,408$3,532,048$23,243,719
93$38,343,945$6,589,419$3,558,282$25,387,124
94$42,160,037$6,817,309$3,582,493$27,743,636
95$46,362,378$7,053,375$3,604,524$30,334,870
96$50,990,271$7,297,920$3,624,206$33,184,645
97$56,087,025$7,551,265$3,641,364$36,319,205
98$61,700,365$7,813,740$3,655,812$39,767,472
99$67,882,877$8,085,689$3,667,357$43,561,312
100$74,692,512$8,367,469$3,675,795$47,735,843