Can I retire at age 63 with 2,360,000?

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 $2,360,000?

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%
1 years$194,887$193,151$191,457$189,804$188,190$182,020
2 years$96,479$94,682$92,940$91,252$89,614$83,457
3 years$63,680$61,876$60,139$58,466$56,855$50,904
4 years$47,284$45,485$43,765$42,121$40,549$34,850
5 years$37,449$35,661$33,964$32,353$30,825$25,392
6 years$30,895$29,120$27,448$25,873$24,391$19,229
7 years$26,215$24,455$22,809$21,272$19,836$14,945
8 years$22,706$20,962$19,344$17,844$16,456$11,832
9 years$19,979$18,251$16,661$15,199$13,858$9,496
10 years$17,798$16,088$14,525$13,102$11,808$7,701
11 years$16,015$14,322$12,788$11,403$10,155$6,295
12 years$14,531$12,855$11,349$10,002$8,800$5,178
13 years$13,275$11,617$10,140$8,830$7,674$4,282
14 years$12,200$10,559$9,110$7,838$6,727$3,555
15 years$11,269$9,646$8,226$6,990$5,923$2,961
16 years$10,456$8,850$7,458$6,259$5,235$2,473
17 years$9,738$8,151$6,786$5,624$4,642$2,070
18 years$9,102$7,532$6,195$5,068$4,127$1,736
19 years$8,532$6,980$5,671$4,580$3,679$1,458
20 years$8,021$6,486$5,205$4,148$3,286$1,227
21 years$7,559$6,042$4,787$3,764$2,940$1,033
22 years$7,139$5,640$4,412$3,423$2,636$870
23 years$6,756$5,275$4,074$3,117$2,366$734
24 years$6,406$4,942$3,768$2,843$2,127$619
25 years$6,084$4,638$3,490$2,596$1,914$523
26 years$5,788$4,359$3,236$2,374$1,724$442
27 years$5,514$4,102$3,005$2,173$1,554$373
28 years$5,260$3,866$2,794$1,991$1,402$315
29 years$5,024$3,647$2,600$1,826$1,266$267
30 years$4,804$3,444$2,422$1,675$1,144$226
31 years$4,599$3,256$2,258$1,539$1,034$191
32 years$4,407$3,080$2,106$1,414$936$161
33 years$4,226$2,917$1,967$1,300$847$137
34 years$4,057$2,765$1,838$1,197$767$116
35 years$3,898$2,622$1,718$1,101$694$98
36 years$3,748$2,489$1,607$1,014$629$83
37 years$3,607$2,364$1,504$935$570$70
38 years$3,473$2,247$1,409$862$517$59
39 years$3,346$2,136$1,320$794$469$50
40 years$3,226$2,033$1,237$733$425$42
41 years$3,113$1,935$1,160$676$386$36
42 years$3,005$1,843$1,088$624$350$30
43 years$2,902$1,756$1,021$576$318$26
44 years$2,804$1,674$958$532$288$22
45 years$2,711$1,596$900$491$262$18
46 years$2,622$1,522$845$454$238$16
47 years$2,537$1,453$794$419$216$13
48 years$2,456$1,387$746$387$196$11
49 years$2,378$1,324$701$358$178$9
50 years$2,304$1,265$659$331$162$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,360,000, adding $2,465 every year, while hoping to spend $56,496 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: 44/34/22 Blend
62$2,360,000$2,360,000$2,360,000$2,360,000
63$2,603,263$2,478,183$2,441,603$2,701,111
64$2,808,684$2,539,502$2,463,285$2,831,833
65$3,033,165$2,601,933$2,483,800$2,967,741
66$3,278,590$2,665,470$2,503,050$3,113,915
67$3,547,034$2,730,105$2,520,929$3,271,335
68$3,840,780$2,795,830$2,537,329$3,441,080
69$4,162,345$2,862,631$2,552,136$3,624,340
70$4,514,499$2,930,494$2,565,227$3,822,425
71$4,900,292$2,999,402$2,576,476$4,036,780
72$5,323,083$3,069,334$2,585,749$4,268,995
73$5,786,571$3,140,266$2,592,906$4,520,825
74$6,294,833$3,212,170$2,597,799$4,794,201
75$6,852,355$3,285,016$2,600,275$5,091,254
76$7,464,081$3,358,767$2,600,170$5,414,332
77$8,135,456$3,433,385$2,597,314$5,766,022
78$8,872,477$3,508,826$2,591,529$6,149,175
79$9,681,752$3,585,040$2,582,627$6,566,936
80$10,570,557$3,661,974$2,570,411$7,022,769
81$11,546,910$3,739,567$2,554,677$7,520,495
82$12,619,644$3,817,755$2,535,207$8,064,322
83$13,798,487$3,896,464$2,511,776$8,658,893
84$15,094,158$3,975,617$2,484,146$9,309,322
85$16,518,468$4,055,127$2,452,070$10,021,248
86$18,084,425$4,134,901$2,415,288$10,800,889
87$19,806,363$4,214,839$2,373,527$11,655,096
88$21,700,075$4,294,829$2,326,503$12,591,423
89$23,782,960$4,374,752$2,273,918$13,618,196
90$26,074,187$4,454,481$2,215,460$14,744,594
91$28,594,879$4,533,875$2,150,802$15,980,735
92$31,368,307$4,612,785$2,079,604$17,337,771
93$34,420,112$4,691,049$2,001,508$18,827,999
94$37,778,546$4,768,493$1,916,142$20,464,969
95$41,474,740$4,844,932$1,823,115$22,263,621
96$45,542,993$4,920,163$1,722,019$24,240,422
97$50,021,099$4,993,972$1,612,428$26,413,526
98$54,950,703$5,066,129$1,493,896$28,802,940
99$60,377,692$5,136,386$1,365,958$31,430,721
100$66,352,627$5,204,479$1,228,128$34,321,182