Can I retire at age 63 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$194,061$192,332$190,646$189,000$187,392$183,910
2 years$96,070$94,280$92,546$90,865$89,234$85,739
3 years$63,410$61,613$59,884$58,218$56,614$53,214
4 years$47,084$45,292$43,580$41,943$40,378$37,100
5 years$37,290$35,510$33,820$32,216$30,694$27,548
6 years$30,764$28,996$27,331$25,764$24,287$21,276
7 years$26,103$24,351$22,713$21,182$19,752$16,877
8 years$22,610$20,873$19,262$17,769$16,386$13,646
9 years$19,894$18,174$16,590$15,135$13,800$11,192
10 years$17,723$16,020$14,464$13,047$11,758$9,282
11 years$15,948$14,261$12,734$11,354$10,112$7,764
12 years$14,469$12,800$11,301$9,959$8,763$6,540
13 years$13,219$11,568$10,097$8,793$7,642$5,540
14 years$12,149$10,515$9,072$7,805$6,699$4,714
15 years$11,222$9,605$8,191$6,961$5,898$4,027
16 years$10,411$8,813$7,426$6,233$5,213$3,451
17 years$9,697$8,116$6,757$5,600$4,622$2,965
18 years$9,063$7,500$6,169$5,047$4,110$2,554
19 years$8,496$6,951$5,647$4,560$3,663$2,204
20 years$7,987$6,459$5,183$4,130$3,272$1,905
21 years$7,527$6,016$4,767$3,748$2,928$1,649
22 years$7,109$5,616$4,394$3,408$2,624$1,429
23 years$6,728$5,252$4,057$3,104$2,356$1,239
24 years$6,379$4,921$3,752$2,831$2,117$1,076
25 years$6,059$4,618$3,475$2,585$1,905$935
26 years$5,763$4,340$3,223$2,364$1,716$813
27 years$5,491$4,085$2,993$2,164$1,547$707
28 years$5,238$3,849$2,782$1,982$1,396$616
29 years$5,003$3,631$2,589$1,818$1,261$536
30 years$4,784$3,429$2,411$1,668$1,139$467
31 years$4,579$3,242$2,248$1,532$1,030$407
32 years$4,388$3,067$2,098$1,408$932$355
33 years$4,209$2,905$1,958$1,295$843$309
34 years$4,040$2,753$1,830$1,191$763$270
35 years$3,882$2,611$1,711$1,097$691$235
36 years$3,732$2,479$1,600$1,010$626$205
37 years$3,591$2,354$1,498$931$568$179
38 years$3,458$2,237$1,403$858$515$156
39 years$3,332$2,127$1,314$791$467$136
40 years$3,213$2,024$1,232$730$423$119
41 years$3,100$1,927$1,155$673$384$104
42 years$2,992$1,835$1,084$621$349$91
43 years$2,890$1,748$1,017$573$316$79
44 years$2,792$1,666$954$529$287$69
45 years$2,699$1,589$896$489$261$60
46 years$2,611$1,516$842$452$237$53
47 years$2,526$1,447$791$417$215$46
48 years$2,446$1,381$743$386$195$40
49 years$2,368$1,319$698$356$177$35
50 years$2,294$1,260$657$329$161$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,350,000, adding $3,771 every year, while hoping to spend $53,882 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: 46/39/15 Blend
62$2,350,000$2,350,000$2,350,000$2,350,000
63$2,593,590$2,469,040$2,432,615$2,701,691
64$2,800,806$2,532,693$2,456,777$2,840,870
65$3,027,352$2,597,659$2,479,943$2,986,009
66$3,275,143$2,663,945$2,502,023$3,142,293
67$3,546,288$2,731,558$2,522,920$3,310,779
68$3,843,107$2,800,503$2,542,536$3,492,630
69$4,168,157$2,870,781$2,560,765$3,689,127
70$4,524,254$2,942,394$2,577,495$3,901,680
71$4,914,497$3,015,340$2,592,610$4,131,844
72$5,342,302$3,089,618$2,605,988$4,381,327
73$5,811,428$3,165,220$2,617,500$4,652,015
74$6,326,017$3,242,140$2,627,010$4,945,983
75$6,890,632$3,320,366$2,634,376$5,265,518
76$7,510,298$3,399,885$2,639,449$5,613,138
77$8,190,549$3,480,680$2,642,071$5,991,618
78$8,937,483$3,562,732$2,642,079$6,404,015
79$9,757,817$3,646,016$2,639,299$6,853,698
80$10,658,950$3,730,506$2,633,551$7,344,379
81$11,649,031$3,816,169$2,624,644$7,880,147
82$12,737,041$3,902,971$2,612,378$8,465,508
83$13,932,873$3,990,869$2,596,546$9,105,429
84$15,247,423$4,079,820$2,576,928$9,805,382
85$16,692,700$4,169,770$2,553,295$10,571,396
86$18,281,931$4,260,665$2,525,406$11,410,118
87$20,029,692$4,352,441$2,493,010$12,328,870
88$21,952,038$4,445,028$2,455,843$13,335,725
89$24,066,662$4,538,350$2,413,630$14,439,575
90$26,393,056$4,632,325$2,366,082$15,650,224
91$28,952,698$4,726,859$2,312,896$16,978,475
92$31,769,251$4,821,853$2,253,756$18,436,233
93$34,868,789$4,917,198$2,188,331$20,036,621
94$38,280,041$5,012,776$2,116,275$21,794,100
95$42,034,661$5,108,458$2,037,227$23,724,607
96$46,167,530$5,204,105$1,950,807$25,845,710
97$50,717,079$5,299,568$1,856,620$28,176,766
98$55,725,657$5,394,682$1,754,252$30,739,114
99$61,239,925$5,489,273$1,643,272$33,556,269
100$67,311,302$5,583,152$1,523,226$36,654,148