Can I retire at age 63 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$222,963$220,977$219,040$217,149$215,302$210,353
2 years$110,378$108,322$106,330$104,398$102,525$97,566
3 years$72,854$70,790$68,803$66,889$65,046$60,233
4 years$54,096$52,038$50,071$48,190$46,391$41,760
5 years$42,844$40,798$38,857$37,014$35,266$30,830
6 years$35,345$33,315$31,402$29,601$27,905$23,669
7 years$29,991$27,978$26,095$24,336$22,694$18,659
8 years$25,977$23,982$22,131$20,415$18,827$14,991
9 years$22,857$20,881$19,061$17,389$15,855$12,215
10 years$20,362$18,405$16,618$14,990$13,509$10,061
11 years$18,323$16,385$14,630$13,045$11,618$8,357
12 years$16,624$14,707$12,984$11,443$10,068$6,989
13 years$15,188$13,290$11,600$10,102$8,780$5,877
14 years$13,958$12,081$10,423$8,968$7,696$4,964
15 years$12,893$11,036$9,411$7,997$6,776$4,208
16 years$11,962$10,125$8,532$7,161$5,989$3,578
17 years$11,141$9,325$7,764$6,434$5,310$3,051
18 years$10,413$8,617$7,087$5,798$4,722$2,606
19 years$9,762$7,986$6,488$5,239$4,208$2,231
20 years$9,176$7,421$5,954$4,745$3,759$1,912
21 years$8,648$6,912$5,477$4,307$3,364$1,641
22 years$8,167$6,452$5,048$3,916$3,015$1,410
23 years$7,730$6,035$4,661$3,566$2,707$1,213
24 years$7,329$5,654$4,310$3,252$2,433$1,044
25 years$6,961$5,306$3,992$2,970$2,189$899
26 years$6,622$4,987$3,703$2,716$1,972$775
27 years$6,308$4,693$3,438$2,486$1,778$668
28 years$6,018$4,422$3,196$2,278$1,604$577
29 years$5,748$4,172$2,974$2,089$1,449$498
30 years$5,496$3,940$2,771$1,917$1,309$430
31 years$5,261$3,725$2,583$1,760$1,183$371
32 years$5,041$3,524$2,410$1,618$1,070$320
33 years$4,835$3,338$2,250$1,488$969$277
34 years$4,642$3,163$2,102$1,369$877$239
35 years$4,460$3,000$1,966$1,260$794$207
36 years$4,288$2,848$1,839$1,161$720$179
37 years$4,126$2,705$1,721$1,069$652$154
38 years$3,973$2,570$1,612$986$591$133
39 years$3,829$2,444$1,510$909$536$115
40 years$3,691$2,325$1,415$838$486$100
41 years$3,561$2,214$1,327$773$441$86
42 years$3,437$2,108$1,245$714$400$75
43 years$3,320$2,009$1,168$659$363$65
44 years$3,208$1,915$1,097$608$330$56
45 years$3,101$1,826$1,030$562$299$48
46 years$3,000$1,742$967$519$272$42
47 years$2,903$1,662$909$479$247$36
48 years$2,810$1,587$854$443$224$31
49 years$2,721$1,515$802$409$204$27
50 years$2,636$1,447$754$378$185$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,700,000, adding $2,486 every year, while hoping to spend $35,297 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: 59/28/13 Blend
62$2,700,000$2,700,000$2,700,000$2,700,000
63$2,977,964$2,834,864$2,793,014$3,143,924
64$3,244,161$2,936,217$2,849,025$3,357,434
65$3,536,327$3,041,353$2,905,728$3,585,986
66$3,857,073$3,150,420$2,963,111$3,834,369
67$4,209,277$3,263,573$3,021,158$4,104,497
68$4,596,107$3,380,972$3,079,850$4,398,476
69$5,021,054$3,502,784$3,139,170$4,718,622
70$5,487,965$3,629,184$3,199,095$5,067,483
71$6,001,076$3,760,352$3,259,603$5,447,866
72$6,565,054$3,896,478$3,320,668$5,862,855
73$7,185,042$4,037,758$3,382,263$6,315,850
74$7,866,704$4,184,396$3,444,357$6,810,589
75$8,616,283$4,336,607$3,506,918$7,351,189
76$9,440,656$4,494,612$3,569,911$7,942,182
77$10,347,397$4,658,642$3,633,298$8,588,557
78$11,344,856$4,828,940$3,697,038$9,295,807
79$12,442,230$5,005,756$3,761,087$10,069,980
80$13,649,651$5,189,353$3,825,398$10,917,736
81$14,978,287$5,380,002$3,889,920$11,846,406
82$16,440,439$5,577,990$3,954,599$12,864,068
83$18,049,664$5,783,611$4,019,378$13,979,614
84$19,820,896$5,997,174$4,084,194$15,202,837
85$21,770,595$6,219,003$4,148,982$16,544,524
86$23,916,894$6,449,433$4,213,671$18,016,556
87$26,279,775$6,688,812$4,278,186$19,632,015
88$28,881,255$6,937,508$4,342,449$21,405,316
89$31,745,596$7,195,899$4,406,374$23,352,331
90$34,899,532$7,464,382$4,469,872$25,490,548
91$38,372,519$7,743,372$4,532,848$27,839,228
92$42,197,017$8,033,299$4,595,200$30,419,589
93$46,408,796$8,334,613$4,656,822$33,255,005
94$51,047,267$8,647,783$4,717,600$36,371,224
95$56,155,863$8,973,300$4,777,414$39,796,613
96$61,782,442$9,311,672$4,836,138$43,562,421
97$67,979,741$9,663,433$4,893,638$47,703,075
98$74,805,871$10,029,139$4,949,772$52,256,503
99$82,324,872$10,409,368$5,004,391$57,264,491
100$90,607,307$10,804,726$5,057,337$62,773,077