Can I retire at age 63 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$192,409$190,695$189,023$187,391$185,797$181,749
2 years$95,252$93,478$91,759$90,092$88,475$84,417
3 years$62,871$61,089$59,374$57,723$56,132$52,191
4 years$46,683$44,907$43,209$41,586$40,034$36,240
5 years$36,973$35,208$33,532$31,942$30,433$26,797
6 years$30,502$28,750$27,099$25,544$24,081$20,606
7 years$25,881$24,144$22,519$21,001$19,584$16,271
8 years$22,418$20,696$19,098$17,618$16,247$13,095
9 years$19,725$18,019$16,449$15,006$13,682$10,690
10 years$17,572$15,883$14,341$12,936$11,658$8,821
11 years$15,812$14,140$12,625$11,258$10,026$7,342
12 years$14,346$12,691$11,205$9,875$8,689$6,152
13 years$13,107$11,469$10,011$8,718$7,577$5,183
14 years$12,045$10,425$8,995$7,739$6,642$4,387
15 years$11,126$9,524$8,121$6,902$5,848$3,727
16 years$10,323$8,738$7,363$6,180$5,168$3,176
17 years$9,615$8,047$6,700$5,552$4,583$2,713
18 years$8,986$7,436$6,116$5,004$4,075$2,323
19 years$8,424$6,891$5,599$4,521$3,632$1,993
20 years$7,919$6,404$5,139$4,095$3,244$1,712
21 years$7,463$5,965$4,726$3,716$2,903$1,473
22 years$7,048$5,568$4,356$3,379$2,602$1,269
23 years$6,670$5,208$4,022$3,077$2,336$1,094
24 years$6,325$4,879$3,720$2,807$2,099$944
25 years$6,007$4,579$3,445$2,563$1,889$815
26 years$5,714$4,303$3,195$2,344$1,702$704
27 years$5,444$4,050$2,967$2,145$1,534$608
28 years$5,193$3,816$2,758$1,966$1,384$526
29 years$4,960$3,600$2,567$1,802$1,250$455
30 years$4,743$3,400$2,391$1,654$1,130$394
31 years$4,540$3,214$2,229$1,519$1,021$341
32 years$4,350$3,041$2,080$1,396$924$295
33 years$4,173$2,880$1,942$1,284$836$256
34 years$4,006$2,730$1,814$1,181$757$222
35 years$3,849$2,589$1,696$1,087$686$192
36 years$3,701$2,457$1,587$1,002$621$166
37 years$3,561$2,334$1,485$923$563$144
38 years$3,429$2,218$1,391$851$510$125
39 years$3,304$2,109$1,303$784$463$108
40 years$3,185$2,007$1,221$723$420$94
41 years$3,073$1,910$1,145$667$381$81
42 years$2,966$1,819$1,074$616$346$71
43 years$2,865$1,733$1,008$569$314$61
44 years$2,768$1,652$946$525$285$53
45 years$2,676$1,576$889$485$258$46
46 years$2,589$1,503$835$448$235$40
47 years$2,505$1,434$784$414$213$35
48 years$2,425$1,369$737$382$194$30
49 years$2,348$1,308$692$353$176$26
50 years$2,275$1,249$651$327$160$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,330,000, adding $5,493 every year, while hoping to spend $27,375 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: 52/38/10 Blend
62$2,330,000$2,330,000$2,330,000$2,330,000
63$2,573,326$2,449,836$2,413,721$2,700,205
64$2,806,678$2,540,751$2,465,454$2,878,123
65$3,062,915$2,635,204$2,518,002$3,068,107
66$3,344,342$2,733,338$2,571,365$3,274,080
67$3,653,498$2,835,305$2,625,539$3,497,557
68$3,993,181$2,941,261$2,680,520$3,740,203
69$4,366,473$3,051,370$2,736,305$4,003,849
70$4,776,769$3,165,803$2,792,887$4,290,509
71$5,227,811$3,284,739$2,850,260$4,602,396
72$5,723,719$3,408,362$2,908,415$4,941,946
73$6,269,033$3,536,867$2,967,342$5,311,835
74$6,868,757$3,670,455$3,027,030$5,715,012
75$7,528,401$3,809,339$3,087,467$6,154,716
76$8,254,038$3,953,737$3,148,637$6,634,514
77$9,052,360$4,103,879$3,210,526$7,158,330
78$9,930,737$4,260,006$3,273,115$7,730,482
79$10,897,292$4,422,366$3,336,384$8,355,722
80$11,960,974$4,591,221$3,400,312$9,039,280
81$13,131,646$4,766,843$3,464,875$9,786,914
82$14,420,171$4,949,516$3,530,046$10,604,959
83$15,838,523$5,139,536$3,595,796$11,500,393
84$17,399,892$5,337,214$3,662,096$12,480,895
85$19,118,816$5,542,871$3,728,910$13,554,919
86$21,011,309$5,756,846$3,796,203$14,731,775
87$23,095,022$5,979,491$3,863,935$16,021,712
88$25,389,401$6,211,173$3,932,063$17,436,018
89$27,915,875$6,452,276$4,000,543$18,987,119
90$30,698,057$6,703,200$4,069,324$20,688,703
91$33,761,968$6,964,365$4,138,355$22,555,840
92$37,136,277$7,236,208$4,207,578$24,605,129
93$40,852,579$7,519,184$4,276,934$26,854,851
94$44,945,689$7,813,771$4,346,358$29,325,139
95$49,453,970$8,120,466$4,415,782$32,038,168
96$54,419,695$8,439,790$4,485,131$35,018,364
97$59,889,450$8,772,285$4,554,329$38,292,628
98$65,914,566$9,118,519$4,623,291$41,890,595
99$72,551,610$9,479,085$4,691,930$45,844,907
100$79,862,916$9,854,602$4,760,151$50,191,522