Can I retire at age 63 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$223,789$221,796$219,851$217,953$216,099$207,525
2 years$110,787$108,723$106,724$104,785$102,904$94,373
3 years$73,124$71,052$69,057$67,137$65,287$57,066
4 years$54,297$52,231$50,256$48,368$46,563$38,715
5 years$43,003$40,950$39,001$37,151$35,397$27,942
6 years$35,476$33,438$31,518$29,710$28,008$20,952
7 years$30,102$28,081$26,192$24,426$22,778$16,117
8 years$26,074$24,071$22,213$20,491$18,897$12,624
9 years$22,942$20,958$19,132$17,454$15,914$10,021
10 years$20,438$18,474$16,680$15,045$13,559$8,034
11 years$18,391$16,446$14,684$13,094$11,661$6,491
12 years$16,686$14,761$13,032$11,485$10,106$5,276
13 years$15,244$13,340$11,643$10,140$8,812$4,309
14 years$14,010$12,125$10,462$9,001$7,725$3,533
15 years$12,941$11,077$9,445$8,027$6,801$2,905
16 years$12,006$10,163$8,564$7,187$6,011$2,395
17 years$11,183$9,359$7,793$6,458$5,330$1,978
18 years$10,451$8,649$7,114$5,820$4,739$1,637
19 years$9,798$8,015$6,512$5,259$4,224$1,356
20 years$9,210$7,448$5,977$4,763$3,773$1,125
21 years$8,680$6,938$5,497$4,322$3,376$934
22 years$8,198$6,476$5,067$3,930$3,026$776
23 years$7,758$6,057$4,678$3,579$2,717$645
24 years$7,356$5,675$4,326$3,264$2,442$537
25 years$6,987$5,326$4,007$2,981$2,197$447
26 years$6,646$5,005$3,716$2,726$1,979$372
27 years$6,332$4,711$3,451$2,495$1,784$310
28 years$6,040$4,439$3,208$2,286$1,610$258
29 years$5,769$4,187$2,985$2,096$1,454$215
30 years$5,516$3,955$2,781$1,924$1,314$179
31 years$5,281$3,738$2,593$1,767$1,188$149
32 years$5,060$3,537$2,419$1,624$1,074$124
33 years$4,853$3,350$2,259$1,493$972$104
34 years$4,659$3,175$2,110$1,374$880$86
35 years$4,476$3,011$1,973$1,265$797$72
36 years$4,304$2,858$1,846$1,165$722$60
37 years$4,142$2,715$1,727$1,073$655$50
38 years$3,988$2,580$1,618$989$594$42
39 years$3,843$2,453$1,516$912$538$35
40 years$3,705$2,334$1,421$841$488$29
41 years$3,574$2,222$1,332$776$443$24
42 years$3,450$2,116$1,250$716$402$20
43 years$3,332$2,016$1,172$661$365$17
44 years$3,220$1,922$1,101$611$331$14
45 years$3,113$1,833$1,033$564$301$12
46 years$3,011$1,748$971$521$273$10
47 years$2,913$1,668$912$481$248$8
48 years$2,820$1,593$857$445$225$7
49 years$2,731$1,521$805$411$204$6
50 years$2,646$1,453$757$380$186$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,710,000, adding $3,552 every year, while hoping to spend $43,976 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: 57/33/10 Blend
62$2,710,000$2,710,000$2,710,000$2,710,000
63$2,990,084$2,846,454$2,804,449$3,153,103
64$3,248,282$2,939,140$2,851,608$3,356,166
65$3,531,343$3,034,894$2,898,873$3,572,114
66$3,841,756$3,133,819$2,946,201$3,806,351
67$4,182,262$3,236,024$2,993,546$4,060,632
68$4,555,883$3,341,619$3,040,859$4,336,887
69$4,965,944$3,450,720$3,088,089$4,637,241
70$5,416,111$3,563,445$3,135,181$4,964,031
71$5,910,419$3,679,919$3,182,074$5,319,830
72$6,453,315$3,800,268$3,228,707$5,707,468
73$7,049,698$3,924,626$3,275,013$6,130,062
74$7,704,964$4,053,129$3,320,923$6,591,040
75$8,425,056$4,185,919$3,366,360$7,094,179
76$9,216,525$4,323,142$3,411,246$7,643,635
77$10,086,586$4,464,951$3,455,498$8,243,984
78$11,043,186$4,611,502$3,499,026$8,900,265
79$12,095,085$4,762,960$3,541,737$9,618,025
80$13,251,931$4,919,492$3,583,532$10,403,375
81$14,524,353$5,081,273$3,624,306$11,263,040
82$15,924,066$5,248,484$3,663,949$12,204,430
83$17,463,974$5,421,312$3,702,345$13,235,704
84$19,158,295$5,599,953$3,739,369$14,365,848
85$21,022,697$5,784,606$3,774,894$15,604,759
86$23,074,441$5,975,480$3,808,781$16,963,338
87$25,332,546$6,172,791$3,840,888$18,453,592
88$27,817,970$6,376,763$3,871,062$20,088,747
89$30,553,805$6,587,626$3,899,145$21,883,373
90$33,565,495$6,805,621$3,924,968$23,853,516
91$36,881,076$7,030,997$3,948,355$26,016,857
92$40,531,442$7,264,012$3,969,120$28,392,871
93$44,550,632$7,504,931$3,987,069$31,003,012
94$48,976,156$7,754,033$4,001,996$33,870,916
95$53,849,347$8,011,603$4,013,685$37,022,624
96$59,215,748$8,277,940$4,021,912$40,486,822
97$65,125,546$8,553,351$4,026,437$44,295,118
98$71,634,042$8,838,155$4,027,013$48,482,333
99$78,802,173$9,132,684$4,023,377$53,086,833
100$86,697,090$9,437,281$4,015,256$58,150,888