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%16.8%
1 years$223,789$221,796$219,851$217,953$216,099$210,108
2 years$110,787$108,723$106,724$104,785$102,904$96,913
3 years$73,124$71,052$69,057$67,137$65,287$59,483
4 years$54,297$52,231$50,256$48,368$46,563$40,992
5 years$43,003$40,950$39,001$37,151$35,397$30,072
6 years$35,476$33,438$31,518$29,710$28,008$22,936
7 years$30,102$28,081$26,192$24,426$22,778$17,959
8 years$26,074$24,071$22,213$20,491$18,897$14,327
9 years$22,942$20,958$19,132$17,454$15,914$11,590
10 years$20,438$18,474$16,680$15,045$13,559$9,475
11 years$18,391$16,446$14,684$13,094$11,661$7,811
12 years$16,686$14,761$13,032$11,485$10,106$6,481
13 years$15,244$13,340$11,643$10,140$8,812$5,406
14 years$14,010$12,125$10,462$9,001$7,725$4,529
15 years$12,941$11,077$9,445$8,027$6,801$3,807
16 years$12,006$10,163$8,564$7,187$6,011$3,210
17 years$11,183$9,359$7,793$6,458$5,330$2,713
18 years$10,451$8,649$7,114$5,820$4,739$2,297
19 years$9,798$8,015$6,512$5,259$4,224$1,948
20 years$9,210$7,448$5,977$4,763$3,773$1,655
21 years$8,680$6,938$5,497$4,322$3,376$1,407
22 years$8,198$6,476$5,067$3,930$3,026$1,198
23 years$7,758$6,057$4,678$3,579$2,717$1,021
24 years$7,356$5,675$4,326$3,264$2,442$870
25 years$6,987$5,326$4,007$2,981$2,197$743
26 years$6,646$5,005$3,716$2,726$1,979$634
27 years$6,332$4,711$3,451$2,495$1,784$541
28 years$6,040$4,439$3,208$2,286$1,610$462
29 years$5,769$4,187$2,985$2,096$1,454$395
30 years$5,516$3,955$2,781$1,924$1,314$338
31 years$5,281$3,738$2,593$1,767$1,188$289
32 years$5,060$3,537$2,419$1,624$1,074$247
33 years$4,853$3,350$2,259$1,493$972$211
34 years$4,659$3,175$2,110$1,374$880$181
35 years$4,476$3,011$1,973$1,265$797$155
36 years$4,304$2,858$1,846$1,165$722$132
37 years$4,142$2,715$1,727$1,073$655$113
38 years$3,988$2,580$1,618$989$594$97
39 years$3,843$2,453$1,516$912$538$83
40 years$3,705$2,334$1,421$841$488$71
41 years$3,574$2,222$1,332$776$443$61
42 years$3,450$2,116$1,250$716$402$52
43 years$3,332$2,016$1,172$661$365$44
44 years$3,220$1,922$1,101$611$331$38
45 years$3,113$1,833$1,033$564$301$33
46 years$3,011$1,748$971$521$273$28
47 years$2,913$1,668$912$481$248$24
48 years$2,820$1,593$857$445$225$20
49 years$2,731$1,521$805$411$204$18
50 years$2,646$1,453$757$380$186$15

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 $5,453 every year, while hoping to spend $50,334 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: 47/38/15 Blend
62$2,710,000$2,710,000$2,710,000$2,710,000
63$2,992,045$2,848,415$2,806,410$3,119,796
64$3,243,678$2,934,432$2,846,870$3,294,924
65$3,519,292$3,022,977$2,886,998$3,479,312
66$3,821,277$3,114,121$2,926,730$3,678,339
67$4,152,270$3,207,936$2,965,998$3,893,386
68$4,515,174$3,304,496$3,004,731$4,125,976
69$4,913,183$3,403,878$3,042,851$4,377,783
70$5,349,819$3,506,160$3,080,278$4,650,649
71$5,828,961$3,611,422$3,116,927$4,946,602
72$6,354,878$3,719,745$3,152,708$5,267,872
73$6,932,278$3,831,214$3,187,526$5,616,917
74$7,566,341$3,945,915$3,221,279$5,996,438
75$8,262,779$4,063,936$3,253,863$6,409,413
76$9,027,881$4,185,367$3,285,166$6,859,117
77$9,868,576$4,310,301$3,315,070$7,349,159
78$10,792,496$4,438,832$3,343,450$7,883,509
79$11,808,053$4,571,056$3,370,178$8,466,544
80$12,924,510$4,707,074$3,395,114$9,103,079
81$14,152,074$4,846,985$3,418,115$9,798,419
82$15,501,992$4,990,893$3,439,028$10,558,407
83$16,986,654$5,138,905$3,457,694$11,389,478
84$18,619,709$5,291,129$3,473,944$12,298,719
85$20,416,200$5,447,675$3,487,601$13,293,937
86$22,392,697$5,608,655$3,498,480$14,383,732
87$24,567,459$5,774,186$3,506,387$15,577,577
88$26,960,604$5,944,386$3,511,115$16,885,907
89$29,594,299$6,119,374$3,512,450$18,320,218
90$32,492,968$6,299,273$3,510,167$19,893,174
91$35,683,522$6,484,209$3,504,030$21,618,728
92$39,195,616$6,674,310$3,493,789$23,512,251
93$43,061,923$6,869,705$3,479,185$25,590,678
94$47,318,446$7,070,528$3,459,945$27,872,668
95$52,004,857$7,276,913$3,435,783$30,378,778
96$57,164,870$7,488,999$3,406,399$33,131,657
97$62,846,653$7,706,927$3,371,479$36,156,263
98$69,103,283$7,930,838$3,330,696$39,480,091
99$75,993,247$8,160,878$3,283,703$43,133,439
100$83,580,993$8,397,195$3,230,142$47,149,691