Can I retire at age 63 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$227,092$225,070$223,096$221,170$219,289$211,592
2 years$112,422$110,328$108,299$106,332$104,423$96,750
3 years$74,204$72,101$70,077$68,128$66,250$58,842
4 years$55,098$53,002$50,998$49,082$47,250$40,162
5 years$43,638$41,554$39,576$37,700$35,919$29,171
6 years$36,000$33,932$31,984$30,149$28,421$22,018
7 years$30,547$28,496$26,579$24,787$23,114$17,054
8 years$26,458$24,426$22,541$20,793$19,175$13,454
9 years$23,280$21,268$19,414$17,711$16,149$10,758
10 years$20,740$18,746$16,926$15,267$13,759$8,691
11 years$18,662$16,689$14,901$13,287$11,834$7,077
12 years$16,932$14,979$13,224$11,655$10,255$5,799
13 years$15,469$13,537$11,815$10,289$8,942$4,775
14 years$14,216$12,304$10,616$9,134$7,839$3,948
15 years$13,132$11,240$9,585$8,146$6,902$3,274
16 years$12,184$10,313$8,690$7,293$6,100$2,723
17 years$11,348$9,498$7,908$6,553$5,409$2,269
18 years$10,606$8,776$7,219$5,906$4,809$1,895
19 years$9,943$8,134$6,608$5,336$4,286$1,584
20 years$9,346$7,558$6,065$4,833$3,829$1,326
21 years$8,808$7,040$5,578$4,386$3,426$1,111
22 years$8,319$6,572$5,141$3,988$3,071$932
23 years$7,873$6,146$4,747$3,632$2,757$782
24 years$7,465$5,759$4,390$3,313$2,478$657
25 years$7,090$5,404$4,066$3,025$2,230$552
26 years$6,744$5,079$3,771$2,766$2,008$464
27 years$6,425$4,780$3,502$2,532$1,811$390
28 years$6,129$4,504$3,256$2,320$1,634$328
29 years$5,854$4,249$3,030$2,127$1,475$276
30 years$5,598$4,013$2,822$1,952$1,333$232
31 years$5,359$3,794$2,631$1,793$1,205$196
32 years$5,135$3,590$2,455$1,648$1,090$165
33 years$4,925$3,399$2,292$1,515$987$139
34 years$4,728$3,222$2,141$1,394$893$117
35 years$4,542$3,056$2,002$1,284$809$98
36 years$4,368$2,900$1,873$1,182$733$83
37 years$4,203$2,755$1,753$1,089$664$70
38 years$4,047$2,618$1,642$1,004$602$59
39 years$3,899$2,489$1,538$926$546$49
40 years$3,760$2,369$1,442$854$495$42
41 years$3,627$2,255$1,352$788$449$35
42 years$3,501$2,147$1,268$727$408$30
43 years$3,381$2,046$1,190$671$370$25
44 years$3,267$1,950$1,117$620$336$21
45 years$3,159$1,860$1,049$572$305$18
46 years$3,055$1,774$985$529$277$15
47 years$2,956$1,693$925$488$251$13
48 years$2,862$1,616$870$451$228$11
49 years$2,771$1,543$817$417$207$9
50 years$2,685$1,474$768$385$188$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,750,000, adding $6,066 every year, while hoping to spend $33,139 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: 56/32/12 Blend
62$2,750,000$2,750,000$2,750,000$2,750,000
63$3,036,757$2,891,007$2,848,382$3,197,272
64$3,311,247$2,997,407$2,908,543$3,413,032
65$3,612,624$3,107,909$2,969,609$3,643,770
66$3,943,595$3,222,681$3,031,575$3,894,319
67$4,307,144$3,341,895$3,094,435$4,166,577
68$4,706,556$3,465,731$3,158,182$4,462,630
69$5,145,451$3,594,377$3,222,807$4,784,777
70$5,627,816$3,728,031$3,288,300$5,135,541
71$6,158,044$3,866,895$3,354,649$5,517,700
72$6,740,975$4,011,184$3,421,841$5,934,313
73$7,381,943$4,161,120$3,489,860$6,388,742
74$8,086,820$4,316,934$3,558,690$6,884,689
75$8,862,081$4,478,869$3,628,311$7,426,227
76$9,714,855$4,647,176$3,698,702$8,017,839
77$10,653,002$4,822,119$3,769,839$8,664,459
78$11,685,177$5,003,972$3,841,698$9,371,518
79$12,820,919$5,193,021$3,914,249$10,144,997
80$14,070,739$5,389,564$3,987,462$10,991,477
81$15,446,215$5,593,914$4,061,304$11,918,206
82$16,960,109$5,806,396$4,135,737$12,933,161
83$18,626,479$6,027,348$4,210,723$14,045,129
84$20,460,816$6,257,124$4,286,218$15,263,784
85$22,480,191$6,496,095$4,362,178$16,599,777
86$24,703,411$6,744,644$4,438,552$18,064,839
87$27,151,202$7,003,175$4,515,287$19,671,889
88$29,846,402$7,272,108$4,592,326$21,435,155
89$32,814,174$7,551,880$4,669,607$23,370,304
90$36,082,246$7,842,949$4,747,066$25,494,595
91$39,681,175$8,145,793$4,824,633$27,827,035
92$43,644,628$8,460,910$4,902,231$30,388,561
93$48,009,707$8,788,822$4,979,783$33,202,233
94$52,817,294$9,130,070$5,057,202$36,293,452
95$58,112,438$9,485,224$5,134,398$39,690,200
96$63,944,782$9,854,875$5,211,276$43,423,298
97$70,369,028$10,239,643$5,287,733$47,526,700
98$77,445,457$10,640,173$5,363,660$52,037,810
99$85,240,494$11,057,142$5,438,942$56,997,832
100$93,827,335$11,491,253$5,513,458$62,452,161