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%16.3%
1 years$227,092$225,070$223,096$221,170$219,289$213,641
2 years$112,422$110,328$108,299$106,332$104,423$98,771
3 years$74,204$72,101$70,077$68,128$66,250$60,770
4 years$55,098$53,002$50,998$49,082$47,250$41,984
5 years$43,638$41,554$39,576$37,700$35,919$30,882
6 years$36,000$33,932$31,984$30,149$28,421$23,618
7 years$30,547$28,496$26,579$24,787$23,114$18,545
8 years$26,458$24,426$22,541$20,793$19,175$14,838
9 years$23,280$21,268$19,414$17,711$16,149$12,040
10 years$20,740$18,746$16,926$15,267$13,759$9,874
11 years$18,662$16,689$14,901$13,287$11,834$8,165
12 years$16,932$14,979$13,224$11,655$10,255$6,798
13 years$15,469$13,537$11,815$10,289$8,942$5,689
14 years$14,216$12,304$10,616$9,134$7,839$4,782
15 years$13,132$11,240$9,585$8,146$6,902$4,034
16 years$12,184$10,313$8,690$7,293$6,100$3,414
17 years$11,348$9,498$7,908$6,553$5,409$2,895
18 years$10,606$8,776$7,219$5,906$4,809$2,461
19 years$9,943$8,134$6,608$5,336$4,286$2,095
20 years$9,346$7,558$6,065$4,833$3,829$1,787
21 years$8,808$7,040$5,578$4,386$3,426$1,525
22 years$8,319$6,572$5,141$3,988$3,071$1,303
23 years$7,873$6,146$4,747$3,632$2,757$1,115
24 years$7,465$5,759$4,390$3,313$2,478$954
25 years$7,090$5,404$4,066$3,025$2,230$817
26 years$6,744$5,079$3,771$2,766$2,008$701
27 years$6,425$4,780$3,502$2,532$1,811$601
28 years$6,129$4,504$3,256$2,320$1,634$515
29 years$5,854$4,249$3,030$2,127$1,475$442
30 years$5,598$4,013$2,822$1,952$1,333$379
31 years$5,359$3,794$2,631$1,793$1,205$326
32 years$5,135$3,590$2,455$1,648$1,090$280
33 years$4,925$3,399$2,292$1,515$987$240
34 years$4,728$3,222$2,141$1,394$893$206
35 years$4,542$3,056$2,002$1,284$809$177
36 years$4,368$2,900$1,873$1,182$733$152
37 years$4,203$2,755$1,753$1,089$664$131
38 years$4,047$2,618$1,642$1,004$602$113
39 years$3,899$2,489$1,538$926$546$97
40 years$3,760$2,369$1,442$854$495$83
41 years$3,627$2,255$1,352$788$449$71
42 years$3,501$2,147$1,268$727$408$61
43 years$3,381$2,046$1,190$671$370$53
44 years$3,267$1,950$1,117$620$336$45
45 years$3,159$1,860$1,049$572$305$39
46 years$3,055$1,774$985$529$277$34
47 years$2,956$1,693$925$488$251$29
48 years$2,862$1,616$870$451$228$25
49 years$2,771$1,543$817$417$207$21
50 years$2,685$1,474$768$385$188$18

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 $2,164 every year, while hoping to spend $44,799 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: 43/34/23 Blend
62$2,750,000$2,750,000$2,750,000$2,750,000
63$3,032,732$2,886,982$2,844,357$3,142,727
64$3,294,405$2,980,779$2,891,977$3,314,901
65$3,581,267$3,077,669$2,939,691$3,496,835
66$3,895,840$3,177,759$2,987,455$3,693,056
67$4,240,902$3,281,156$3,035,221$3,904,907
68$4,619,513$3,387,971$3,082,940$4,133,868
69$5,035,042$3,498,320$3,130,557$4,381,562
70$5,491,202$3,612,323$3,178,016$4,649,780
71$5,992,081$3,730,104$3,225,256$4,940,487
72$6,542,185$3,851,791$3,272,214$5,255,849
73$7,146,475$3,977,515$3,318,820$5,598,248
74$7,810,417$4,107,416$3,365,002$5,970,308
75$8,540,035$4,241,634$3,410,685$6,374,913
76$9,341,961$4,380,317$3,455,785$6,815,241
77$10,223,505$4,523,616$3,500,219$7,294,790
78$11,192,720$4,671,691$3,543,893$7,817,409
79$12,258,477$4,824,703$3,586,713$8,387,338
80$13,430,550$4,982,822$3,628,576$9,009,246
81$14,719,709$5,146,223$3,669,376$9,688,272
82$16,137,817$5,315,086$3,708,999$10,430,075
83$17,697,949$5,489,600$3,747,325$11,240,891
84$19,414,508$5,669,958$3,784,228$12,127,583
85$21,303,363$5,856,362$3,819,575$13,097,711
86$23,382,003$6,049,020$3,853,227$14,159,604
87$25,669,692$6,248,147$3,885,036$15,322,433
88$28,187,662$6,453,968$3,914,846$16,596,302
89$30,959,304$6,666,713$3,942,494$17,992,337
90$34,010,394$6,886,622$3,967,808$19,522,799
91$37,369,332$7,113,944$3,990,607$21,201,191
92$41,067,412$7,348,936$4,010,701$23,042,389
93$45,139,119$7,591,864$4,027,890$25,062,780
94$49,622,448$7,843,005$4,041,964$27,280,420
95$54,559,271$8,102,645$4,052,702$29,715,198
96$59,995,722$8,371,080$4,059,873$32,389,028
97$65,982,640$8,648,618$4,063,234$35,326,051
98$72,576,046$8,935,577$4,062,528$38,552,866
99$79,837,670$9,232,287$4,057,490$42,098,780
100$87,835,533$9,539,090$4,047,836$45,996,080