Can I retire at age 63 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$190,758$189,058$187,401$185,783$184,203$177,950
2 years$94,434$92,676$90,971$89,319$87,716$81,479
3 years$62,331$60,565$58,864$57,227$55,650$49,626
4 years$46,282$44,521$42,838$41,229$39,690$33,923
5 years$36,656$34,905$33,244$31,668$30,172$24,678
6 years$30,240$28,503$26,866$25,325$23,874$18,658
7 years$25,659$23,937$22,326$20,821$19,416$14,476
8 years$22,225$20,518$18,934$17,466$16,107$11,441
9 years$19,556$17,865$16,308$14,877$13,565$9,165
10 years$17,421$15,747$14,218$12,824$11,558$7,418
11 years$15,676$14,019$12,517$11,161$9,940$6,052
12 years$14,223$12,582$11,109$9,790$8,614$4,969
13 years$12,994$11,371$9,925$8,643$7,512$4,100
14 years$11,942$10,336$8,917$7,672$6,585$3,397
15 years$11,031$9,442$8,051$6,842$5,798$2,823
16 years$10,234$8,663$7,300$6,127$5,124$2,353
17 years$9,532$7,978$6,642$5,505$4,543$1,965
18 years$8,909$7,372$6,064$4,961$4,040$1,645
19 years$8,352$6,832$5,551$4,482$3,601$1,378
20 years$7,851$6,349$5,094$4,060$3,216$1,157
21 years$7,398$5,914$4,686$3,684$2,878$971
22 years$6,988$5,520$4,319$3,350$2,580$817
23 years$6,613$5,163$3,988$3,051$2,316$687
24 years$6,270$4,837$3,688$2,783$2,081$578
25 years$5,956$4,540$3,416$2,541$1,873$487
26 years$5,665$4,267$3,168$2,324$1,687$411
27 years$5,397$4,015$2,942$2,127$1,521$346
28 years$5,148$3,784$2,735$1,949$1,372$292
29 years$4,917$3,569$2,545$1,787$1,239$246
30 years$4,702$3,371$2,370$1,640$1,120$208
31 years$4,501$3,187$2,210$1,506$1,012$175
32 years$4,313$3,015$2,062$1,384$916$148
33 years$4,137$2,855$1,925$1,273$829$125
34 years$3,971$2,706$1,799$1,171$750$105
35 years$3,816$2,567$1,682$1,078$680$89
36 years$3,669$2,436$1,573$993$616$75
37 years$3,530$2,314$1,472$915$558$63
38 years$3,399$2,199$1,379$843$506$54
39 years$3,276$2,091$1,292$778$459$45
40 years$3,158$1,990$1,211$717$416$38
41 years$3,047$1,894$1,135$662$378$32
42 years$2,941$1,804$1,065$611$343$27
43 years$2,840$1,719$999$564$311$23
44 years$2,745$1,638$938$520$282$19
45 years$2,653$1,562$881$481$256$16
46 years$2,566$1,490$827$444$233$14
47 years$2,483$1,422$777$410$211$12
48 years$2,404$1,358$730$379$192$10
49 years$2,328$1,296$687$350$174$8
50 years$2,255$1,238$645$324$158$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,310,000, adding $2,118 every year, while hoping to spend $32,125 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: 47/36/17 Blend
62$2,310,000$2,310,000$2,310,000$2,310,000
63$2,547,805$2,425,375$2,389,570$2,655,208
64$2,773,500$2,510,037$2,435,440$2,814,728
65$3,021,140$2,597,772$2,481,769$2,984,339
66$3,292,928$2,688,694$2,528,541$3,167,742
67$3,591,293$2,782,927$2,575,733$3,366,236
68$3,918,909$2,880,595$2,623,325$3,581,251
69$4,278,724$2,981,830$2,671,292$3,814,358
70$4,673,982$3,086,768$2,719,609$4,067,286
71$5,108,260$3,195,551$2,768,247$4,341,934
72$5,585,496$3,308,327$2,817,177$4,640,395
73$6,110,031$3,425,249$2,866,367$4,964,967
74$6,686,644$3,546,477$2,915,780$5,318,182
75$7,320,605$3,672,176$2,965,381$5,702,824
76$8,017,714$3,802,521$3,015,130$6,121,957
77$8,784,367$3,937,690$3,064,982$6,578,952
78$9,627,606$4,077,872$3,114,893$7,077,522
79$10,555,195$4,223,259$3,164,815$7,621,751
80$11,575,682$4,374,057$3,214,694$8,216,135
81$12,698,491$4,530,475$3,264,475$8,865,625
82$13,934,002$4,692,734$3,314,100$9,575,670
83$15,293,654$4,861,061$3,363,506$10,352,269
84$16,790,050$5,035,696$3,412,626$11,202,030
85$18,437,075$5,216,885$3,461,390$12,132,225
86$20,250,032$5,404,888$3,509,722$13,150,864
87$22,245,781$5,599,973$3,557,543$14,266,768
88$24,442,898$5,802,419$3,604,768$15,489,649
89$26,861,855$6,012,519$3,651,310$16,830,204
90$29,525,208$6,230,576$3,697,072$18,300,215
91$32,457,812$6,456,907$3,741,956$19,912,657
92$35,687,053$6,691,840$3,785,856$21,681,820
93$39,243,111$6,935,718$3,828,661$23,623,447
94$43,159,240$7,188,901$3,870,253$25,754,875
95$47,472,085$7,451,759$3,910,509$28,095,202
96$52,222,023$7,724,681$3,949,297$30,665,468
97$57,453,551$8,008,072$3,986,479$33,488,844
98$63,215,698$8,302,352$4,021,911$36,590,862
99$69,562,494$8,607,962$4,055,440$39,999,643
100$76,553,475$8,925,358$4,086,903$43,746,168