Can I retire at age 63 with 2,370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$195,712$193,969$192,268$190,608$188,987$183,011
2 years$96,887$95,083$93,334$91,639$89,994$84,027
3 years$63,950$62,138$60,393$58,714$57,096$51,326
4 years$47,484$45,678$43,951$42,300$40,721$35,192
5 years$37,608$35,812$34,108$32,490$30,956$25,682
6 years$31,025$29,243$27,564$25,983$24,494$19,481
7 years$26,326$24,558$22,906$21,362$19,920$15,167
8 years$22,802$21,051$19,426$17,920$16,526$12,029
9 years$20,064$18,329$16,732$15,264$13,917$9,671
10 years$17,874$16,156$14,587$13,158$11,858$7,858
11 years$16,083$14,383$12,842$11,451$10,198$6,436
12 years$14,592$12,909$11,397$10,044$8,838$5,305
13 years$13,332$11,666$10,183$8,867$7,707$4,395
14 years$12,252$10,604$9,149$7,872$6,756$3,656
15 years$11,317$9,687$8,260$7,020$5,948$3,052
16 years$10,500$8,888$7,489$6,286$5,257$2,555
17 years$9,780$8,185$6,815$5,648$4,661$2,143
18 years$9,140$7,564$6,221$5,090$4,145$1,802
19 years$8,569$7,010$5,695$4,599$3,694$1,517
20 years$8,055$6,514$5,227$4,165$3,300$1,279
21 years$7,591$6,067$4,808$3,780$2,953$1,079
22 years$7,169$5,664$4,431$3,437$2,647$911
23 years$6,785$5,297$4,091$3,130$2,376$770
24 years$6,433$4,963$3,784$2,855$2,136$652
25 years$6,110$4,658$3,504$2,607$1,922$552
26 years$5,813$4,377$3,250$2,384$1,731$467
27 years$5,537$4,120$3,018$2,182$1,561$396
28 years$5,282$3,882$2,806$1,999$1,408$335
29 years$5,045$3,662$2,611$1,833$1,272$284
30 years$4,824$3,458$2,432$1,683$1,149$241
31 years$4,618$3,269$2,267$1,545$1,039$204
32 years$4,425$3,094$2,115$1,420$940$173
33 years$4,244$2,930$1,975$1,306$850$147
34 years$4,074$2,777$1,845$1,202$770$125
35 years$3,915$2,634$1,725$1,106$697$106
36 years$3,764$2,500$1,614$1,019$632$90
37 years$3,622$2,374$1,511$939$573$76
38 years$3,488$2,256$1,415$865$519$65
39 years$3,361$2,145$1,325$798$471$55
40 years$3,240$2,041$1,242$736$427$47
41 years$3,126$1,943$1,165$679$387$39
42 years$3,017$1,851$1,093$626$352$34
43 years$2,914$1,763$1,025$578$319$28
44 years$2,816$1,681$963$534$290$24
45 years$2,722$1,603$904$493$263$20
46 years$2,633$1,529$849$456$239$17
47 years$2,548$1,459$797$421$217$15
48 years$2,466$1,393$749$389$197$13
49 years$2,388$1,330$704$359$179$11
50 years$2,314$1,271$662$332$162$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,370,000, adding $2,013 every year, while hoping to spend $59,917 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: 31/50/19 Blend
62$2,370,000$2,370,000$2,370,000$2,370,000
63$2,613,816$2,488,206$2,451,471$2,679,250
64$2,816,674$2,546,377$2,469,844$2,786,782
65$3,038,216$2,605,390$2,486,825$2,896,877
66$3,280,283$2,665,224$2,502,303$3,014,123
67$3,544,904$2,725,852$2,516,162$3,139,178
68$3,834,313$2,787,248$2,528,282$3,272,765
69$4,150,968$2,849,378$2,538,535$3,415,684
70$4,497,577$2,912,207$2,546,786$3,568,813
71$4,877,121$2,975,697$2,552,895$3,733,124
72$5,292,884$3,039,802$2,556,713$3,909,685
73$5,748,481$3,104,475$2,558,085$4,099,678
74$6,247,893$3,169,662$2,556,849$4,304,401
75$6,795,508$3,235,305$2,552,833$4,525,289
76$7,396,155$3,301,340$2,545,857$4,763,924
77$8,055,153$3,367,696$2,535,735$5,022,049
78$8,778,365$3,434,299$2,522,268$5,301,589
79$9,572,244$3,501,066$2,505,249$5,604,665
80$10,443,901$3,567,906$2,484,463$5,933,617
81$11,401,168$3,634,723$2,459,682$6,291,024
82$12,452,675$3,701,412$2,430,669$6,679,733
83$13,607,925$3,767,859$2,397,174$7,102,883
84$14,877,392$3,833,942$2,358,937$7,563,937
85$16,272,609$3,899,528$2,315,685$8,066,711
86$17,806,287$3,964,477$2,267,133$8,615,419
87$19,492,428$4,028,635$2,212,981$9,214,704
88$21,346,456$4,091,839$2,152,916$9,869,689
89$23,385,368$4,153,913$2,086,612$10,586,024
90$25,627,888$4,214,668$2,013,727$11,369,940
91$28,094,648$4,273,902$1,933,902$12,228,309
92$30,808,378$4,331,399$1,846,763$13,168,709
93$33,794,123$4,386,927$1,751,920$14,199,500
94$37,079,477$4,440,241$1,648,963$15,329,896
95$40,694,846$4,491,074$1,537,466$16,570,065
96$44,673,730$4,539,147$1,416,980$17,931,214
97$49,053,042$4,584,157$1,287,041$19,425,706
98$53,873,456$4,625,784$1,147,161$21,067,171
99$59,179,788$4,663,687$996,830$22,870,640
100$65,021,420$4,697,501$835,517$24,852,689