Can I retire at age 63 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$224,615$222,614$220,662$218,757$216,897$212,866
2 years$111,196$109,125$107,118$105,172$103,284$99,238
3 years$73,394$71,314$69,312$67,384$65,528$61,593
4 years$54,497$52,423$50,442$48,547$46,735$42,941
5 years$43,162$41,101$39,145$37,289$35,527$31,886
6 years$35,607$33,562$31,635$29,820$28,111$24,626
7 years$30,213$28,185$26,289$24,517$22,862$19,534
8 years$26,170$24,160$22,295$20,566$18,966$15,794
9 years$23,027$21,035$19,203$17,518$15,972$12,955
10 years$20,513$18,542$16,741$15,101$13,609$10,743
11 years$18,458$16,507$14,739$13,142$11,704$8,986
12 years$16,747$14,815$13,080$11,527$10,143$7,569
13 years$15,300$13,389$11,686$10,177$8,845$6,412
14 years$14,061$12,170$10,500$9,034$7,753$5,456
15 years$12,988$11,118$9,480$8,057$6,827$4,661
16 years$12,051$10,200$8,595$7,214$6,033$3,994
17 years$11,224$9,394$7,821$6,482$5,350$3,432
18 years$10,490$8,680$7,140$5,841$4,757$2,956
19 years$9,834$8,045$6,536$5,278$4,240$2,551
20 years$9,244$7,476$5,999$4,780$3,787$2,205
21 years$8,712$6,963$5,518$4,338$3,389$1,908
22 years$8,228$6,500$5,085$3,945$3,038$1,654
23 years$7,787$6,079$4,695$3,592$2,727$1,434
24 years$7,383$5,696$4,342$3,277$2,451$1,245
25 years$7,013$5,345$4,022$2,992$2,205$1,082
26 years$6,671$5,024$3,730$2,736$1,987$941
27 years$6,355$4,728$3,464$2,504$1,791$819
28 years$6,062$4,455$3,220$2,295$1,616$713
29 years$5,790$4,203$2,997$2,104$1,459$621
30 years$5,537$3,969$2,791$1,931$1,319$541
31 years$5,300$3,752$2,602$1,774$1,192$471
32 years$5,079$3,550$2,428$1,630$1,078$411
33 years$4,871$3,362$2,267$1,499$976$358
34 years$4,676$3,187$2,118$1,379$884$312
35 years$4,493$3,023$1,980$1,270$800$272
36 years$4,320$2,869$1,852$1,169$725$238
37 years$4,157$2,725$1,734$1,077$657$207
38 years$4,003$2,589$1,624$993$596$181
39 years$3,857$2,462$1,521$916$540$158
40 years$3,719$2,343$1,426$844$490$138
41 years$3,588$2,230$1,337$779$445$120
42 years$3,463$2,124$1,254$719$403$105
43 years$3,345$2,024$1,177$664$366$92
44 years$3,232$1,929$1,105$613$332$80
45 years$3,124$1,839$1,037$566$302$70
46 years$3,022$1,755$974$523$274$61
47 years$2,924$1,674$915$483$249$53
48 years$2,831$1,599$860$446$226$47
49 years$2,741$1,526$808$412$205$41
50 years$2,656$1,458$760$381$186$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,720,000, adding $3,452 every year, while hoping to spend $59,161 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: 55/29/16 Blend
62$2,720,000$2,720,000$2,720,000$2,720,000
63$3,001,001$2,856,841$2,814,681$3,153,152
64$3,244,156$2,933,879$2,846,026$3,334,180
65$3,510,130$3,012,709$2,876,438$3,524,547
66$3,801,189$3,093,357$2,905,824$3,730,506
67$4,119,825$3,175,847$2,934,084$3,953,558
68$4,468,786$3,260,203$2,961,115$4,195,360
69$4,851,097$3,346,447$2,986,807$4,457,733
70$5,270,088$3,434,602$3,011,044$4,742,684
71$5,729,428$3,524,688$3,033,704$5,052,423
72$6,233,156$3,616,725$3,054,661$5,389,383
73$6,785,724$3,710,731$3,073,778$5,756,245
74$7,392,033$3,806,721$3,090,914$6,155,962
75$8,057,481$3,904,711$3,105,920$6,591,786
76$8,788,016$4,004,714$3,118,640$7,067,299
77$9,590,188$4,106,740$3,128,910$7,586,449
78$10,471,215$4,210,797$3,136,556$8,153,584
79$11,439,046$4,316,893$3,141,397$8,773,494
80$12,502,437$4,425,030$3,143,243$9,451,456
81$13,671,038$4,535,209$3,141,894$10,193,286
82$14,955,477$4,647,427$3,137,141$11,005,391
83$16,367,464$4,761,679$3,128,763$11,894,829
84$17,919,899$4,877,955$3,116,530$12,869,380
85$19,626,995$4,996,241$3,100,200$13,937,613
86$21,504,412$5,116,520$3,079,520$15,108,974
87$23,569,402$5,238,770$3,054,225$16,393,868
88$25,840,975$5,362,964$3,024,035$17,803,764
89$28,340,075$5,489,069$2,988,660$19,351,297
90$31,089,777$5,617,048$2,947,795$21,050,392
91$34,115,508$5,746,857$2,901,120$22,916,394
92$37,445,282$5,878,446$2,848,300$24,966,214
93$41,109,969$6,011,757$2,788,985$27,218,484
94$45,143,579$6,146,727$2,722,810$29,693,740
95$49,583,590$6,283,282$2,649,390$32,414,612
96$54,471,296$6,421,343$2,568,324$35,406,037
97$59,852,198$6,560,819$2,479,193$38,695,499
98$65,776,435$6,701,612$2,381,559$42,313,282
99$72,299,252$6,843,612$2,274,962$46,292,763
100$79,481,526$6,986,699$2,158,923$50,670,724