Can I retire at age 63 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$225,441$223,433$221,474$219,561$217,694$213,824
2 years$111,604$109,526$107,511$105,558$103,664$99,778
3 years$73,664$71,576$69,567$67,632$65,769$61,988
4 years$54,697$52,616$50,627$48,725$46,907$43,260
5 years$43,320$41,252$39,289$37,426$35,658$32,156
6 years$35,738$33,685$31,751$29,930$28,215$24,862
7 years$30,324$28,289$26,385$24,607$22,946$19,743
8 years$26,266$24,249$22,377$20,642$19,036$15,982
9 years$23,111$21,113$19,273$17,582$16,031$13,124
10 years$20,589$18,610$16,803$15,156$13,659$10,897
11 years$18,526$16,567$14,793$13,190$11,747$9,127
12 years$16,809$14,870$13,128$11,570$10,180$7,698
13 years$15,357$13,438$11,729$10,214$8,877$6,529
14 years$14,113$12,215$10,539$9,067$7,782$5,563
15 years$13,036$11,158$9,515$8,086$6,852$4,759
16 years$12,095$10,238$8,627$7,240$6,056$4,084
17 years$11,265$9,429$7,850$6,505$5,369$3,514
18 years$10,529$8,712$7,166$5,863$4,774$3,031
19 years$9,870$8,075$6,560$5,297$4,255$2,619
20 years$9,278$7,503$6,021$4,798$3,801$2,267
21 years$8,744$6,989$5,538$4,354$3,401$1,966
22 years$8,258$6,524$5,104$3,959$3,049$1,706
23 years$7,816$6,102$4,713$3,606$2,737$1,482
24 years$7,410$5,717$4,358$3,289$2,460$1,289
25 years$7,038$5,365$4,037$3,003$2,214$1,122
26 years$6,695$5,042$3,744$2,746$1,994$977
27 years$6,378$4,745$3,477$2,514$1,798$851
28 years$6,085$4,472$3,232$2,303$1,622$742
29 years$5,811$4,218$3,008$2,112$1,465$647
30 years$5,557$3,984$2,801$1,938$1,323$565
31 years$5,320$3,766$2,612$1,780$1,196$493
32 years$5,097$3,563$2,437$1,636$1,082$431
33 years$4,889$3,375$2,275$1,504$979$376
34 years$4,693$3,198$2,126$1,384$887$328
35 years$4,509$3,034$1,987$1,274$803$287
36 years$4,336$2,879$1,859$1,173$728$251
37 years$4,172$2,735$1,740$1,081$660$219
38 years$4,017$2,599$1,630$997$598$192
39 years$3,871$2,471$1,527$919$542$167
40 years$3,732$2,351$1,431$848$492$146
41 years$3,601$2,238$1,342$782$446$128
42 years$3,476$2,132$1,259$722$405$112
43 years$3,357$2,031$1,181$666$367$98
44 years$3,244$1,936$1,109$615$334$86
45 years$3,136$1,846$1,041$568$303$75
46 years$3,033$1,761$978$525$275$65
47 years$2,935$1,681$919$485$250$57
48 years$2,841$1,604$863$448$227$50
49 years$2,751$1,532$811$414$206$44
50 years$2,665$1,464$763$383$187$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,730,000, adding $5,753 every year, while hoping to spend $22,915 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: 32/42/26 Blend
62$2,730,000$2,730,000$2,730,000$2,730,000
63$3,014,394$2,869,704$2,827,389$3,086,711
64$3,297,481$2,985,938$2,897,725$3,258,526
65$3,608,675$3,107,100$2,969,650$3,441,021
66$3,950,818$3,233,406$3,043,191$3,637,133
67$4,327,043$3,365,084$3,118,380$3,848,074
68$4,740,799$3,502,372$3,195,244$4,075,174
69$5,195,890$3,645,517$3,273,813$4,319,890
70$5,696,502$3,794,779$3,354,118$4,583,822
71$6,247,253$3,950,430$3,436,188$4,868,726
72$6,853,225$4,112,754$3,520,053$5,176,527
73$7,520,023$4,282,048$3,605,743$5,509,341
74$8,253,818$4,458,621$3,693,289$5,869,488
75$9,061,413$4,642,799$3,782,720$6,259,520
76$9,950,303$4,834,922$3,874,066$6,682,236
77$10,928,745$5,035,345$3,967,359$7,140,714
78$12,005,839$5,244,438$4,062,627$7,638,333
79$13,191,611$5,462,592$4,159,902$8,178,810
80$14,497,109$5,690,213$4,259,212$8,766,227
81$15,934,506$5,927,725$4,360,587$9,405,073
82$17,517,216$6,175,574$4,464,058$10,100,281
83$19,260,021$6,434,226$4,569,652$10,857,278
84$21,179,207$6,704,167$4,677,399$11,682,029
85$23,292,722$6,985,907$4,787,328$12,581,095
86$25,620,342$7,279,979$4,899,467$13,561,694
87$28,183,861$7,586,942$5,013,842$14,631,762
88$31,007,291$7,907,378$5,130,482$15,800,034
89$34,117,094$8,241,899$5,249,412$17,076,116
90$37,542,429$8,591,144$5,370,659$18,470,580
91$41,315,428$8,955,781$5,494,248$19,995,059
92$45,471,499$9,336,512$5,620,203$21,662,353
93$50,049,659$9,734,068$5,748,546$23,486,551
94$55,092,903$10,149,216$5,879,302$25,483,159
95$60,648,611$10,582,760$6,012,490$27,669,244
96$66,768,993$11,035,538$6,148,132$30,063,593
97$73,511,581$11,508,430$6,286,245$32,686,887
98$80,939,776$12,002,357$6,426,848$35,561,894
99$89,123,442$12,518,282$6,569,957$38,713,679
100$98,139,569$13,057,213$6,715,586$42,169,841