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%17.3%
1 years$222,963$220,977$219,040$217,149$215,302$208,912
2 years$110,378$108,322$106,330$104,398$102,525$96,140
3 years$72,854$70,790$68,803$66,889$65,046$58,866
4 years$54,096$52,038$50,071$48,190$46,391$40,464
5 years$42,844$40,798$38,857$37,014$35,266$29,607
6 years$35,345$33,315$31,402$29,601$27,905$22,520
7 years$29,991$27,978$26,095$24,336$22,694$17,583
8 years$25,977$23,982$22,131$20,415$18,827$13,986
9 years$22,857$20,881$19,061$17,389$15,855$11,280
10 years$20,362$18,405$16,618$14,990$13,509$9,193
11 years$18,323$16,385$14,630$13,045$11,618$7,554
12 years$16,624$14,707$12,984$11,443$10,068$6,247
13 years$15,188$13,290$11,600$10,102$8,780$5,193
14 years$13,958$12,081$10,423$8,968$7,696$4,336
15 years$12,893$11,036$9,411$7,997$6,776$3,632
16 years$11,962$10,125$8,532$7,161$5,989$3,051
17 years$11,141$9,325$7,764$6,434$5,310$2,569
18 years$10,413$8,617$7,087$5,798$4,722$2,167
19 years$9,762$7,986$6,488$5,239$4,208$1,832
20 years$9,176$7,421$5,954$4,745$3,759$1,550
21 years$8,648$6,912$5,477$4,307$3,364$1,313
22 years$8,167$6,452$5,048$3,916$3,015$1,113
23 years$7,730$6,035$4,661$3,566$2,707$945
24 years$7,329$5,654$4,310$3,252$2,433$802
25 years$6,961$5,306$3,992$2,970$2,189$682
26 years$6,622$4,987$3,703$2,716$1,972$580
27 years$6,308$4,693$3,438$2,486$1,778$493
28 years$6,018$4,422$3,196$2,278$1,604$419
29 years$5,748$4,172$2,974$2,089$1,449$357
30 years$5,496$3,940$2,771$1,917$1,309$304
31 years$5,261$3,725$2,583$1,760$1,183$259
32 years$5,041$3,524$2,410$1,618$1,070$220
33 years$4,835$3,338$2,250$1,488$969$188
34 years$4,642$3,163$2,102$1,369$877$160
35 years$4,460$3,000$1,966$1,260$794$136
36 years$4,288$2,848$1,839$1,161$720$116
37 years$4,126$2,705$1,721$1,069$652$99
38 years$3,973$2,570$1,612$986$591$84
39 years$3,829$2,444$1,510$909$536$72
40 years$3,691$2,325$1,415$838$486$61
41 years$3,561$2,214$1,327$773$441$52
42 years$3,437$2,108$1,245$714$400$44
43 years$3,320$2,009$1,168$659$363$38
44 years$3,208$1,915$1,097$608$330$32
45 years$3,101$1,826$1,030$562$299$28
46 years$3,000$1,742$967$519$272$23
47 years$2,903$1,662$909$479$247$20
48 years$2,810$1,587$854$443$224$17
49 years$2,721$1,515$802$409$204$15
50 years$2,636$1,447$754$378$185$12

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 $4,789 every year, while hoping to spend $28,335 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: 23/47/30 Blend
62$2,700,000$2,700,000$2,700,000$2,700,000
63$2,980,340$2,837,240$2,795,390$3,020,673
64$3,254,186$2,946,116$2,858,887$3,165,432
65$3,555,015$3,059,378$2,923,562$3,317,628
66$3,885,550$3,177,210$2,989,424$3,479,976
67$4,248,788$3,299,806$3,056,482$3,653,334
68$4,648,034$3,427,366$3,124,744$3,838,641
69$5,086,928$3,560,102$3,194,217$4,036,927
70$5,569,480$3,698,232$3,264,909$4,249,318
71$6,100,109$3,841,988$3,336,826$4,477,049
72$6,683,682$3,991,607$3,409,971$4,721,474
73$7,325,563$4,147,340$3,484,350$4,984,077
74$8,031,659$4,309,449$3,559,965$5,266,484
75$8,808,483$4,478,207$3,636,818$5,570,482
76$9,663,207$4,653,898$3,714,910$5,898,029
77$10,603,735$4,836,819$3,794,241$6,251,275
78$11,638,775$5,027,283$3,874,807$6,632,581
79$12,777,924$5,225,613$3,956,607$7,044,537
80$14,031,754$5,432,150$4,039,634$7,489,989
81$15,411,914$5,647,247$4,123,884$7,972,064
82$16,931,241$5,871,274$4,209,346$8,494,193
83$18,603,881$6,104,619$4,296,012$9,060,151
84$20,445,418$6,347,687$4,383,869$9,674,084
85$22,473,025$6,600,898$4,472,904$10,340,547
86$24,705,627$6,864,696$4,563,100$11,064,551
87$27,164,076$7,139,541$4,654,438$11,851,602
88$29,871,348$7,425,915$4,746,899$12,707,755
89$32,852,763$7,724,322$4,840,457$13,639,669
90$36,136,221$8,035,289$4,935,088$14,654,667
91$39,752,464$8,359,367$5,030,762$15,760,804
92$43,735,369$8,697,130$5,127,447$16,966,940
93$48,122,268$9,049,181$5,225,107$18,282,822
94$52,954,296$9,416,147$5,323,705$19,719,176
95$58,276,784$9,798,688$5,423,198$21,287,801
96$64,139,681$10,197,488$5,523,541$23,001,684
97$70,598,031$10,613,268$5,624,682$24,875,113
98$77,712,490$11,046,779$5,726,569$26,923,817
99$85,549,899$11,498,805$5,829,144$29,165,106
100$94,183,911$11,970,169$5,932,342$31,618,035