Can I retire at age 63 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$227,918$225,888$223,907$221,974$220,086$218,516
2 years$112,831$110,729$108,693$106,718$104,803$103,220
3 years$74,473$72,363$70,331$68,375$66,491$64,944
4 years$55,298$53,194$51,183$49,261$47,422$45,923
5 years$43,796$41,705$39,720$37,837$36,050$34,602
6 years$36,131$34,055$32,100$30,258$28,525$27,132
7 years$30,658$28,600$26,675$24,877$23,198$21,860
8 years$26,555$24,515$22,623$20,869$19,245$17,961
9 years$23,365$21,345$19,485$17,776$16,207$14,978
10 years$20,815$18,814$16,987$15,323$13,809$12,634
11 years$18,730$16,749$14,955$13,335$11,877$10,754
12 years$16,993$15,033$13,273$11,697$10,292$9,221
13 years$15,525$13,586$11,858$10,327$8,975$7,955
14 years$14,268$12,349$10,655$9,167$7,867$6,897
15 years$13,179$11,281$9,620$8,175$6,927$6,005
16 years$12,228$10,350$8,722$7,320$6,122$5,247
17 years$11,389$9,532$7,936$6,577$5,428$4,598
18 years$10,644$8,808$7,245$5,927$4,827$4,041
19 years$9,979$8,163$6,632$5,356$4,302$3,558
20 years$9,380$7,586$6,087$4,851$3,843$3,140
21 years$8,840$7,066$5,599$4,402$3,439$2,775
22 years$8,349$6,596$5,160$4,003$3,082$2,457
23 years$7,901$6,169$4,764$3,645$2,767$2,177
24 years$7,492$5,780$4,406$3,325$2,487$1,932
25 years$7,116$5,424$4,081$3,036$2,238$1,716
26 years$6,769$5,098$3,785$2,776$2,016$1,526
27 years$6,449$4,798$3,515$2,541$1,817$1,357
28 years$6,151$4,521$3,267$2,328$1,640$1,208
29 years$5,875$4,265$3,041$2,135$1,481$1,077
30 years$5,618$4,028$2,832$1,959$1,338$960
31 years$5,378$3,807$2,640$1,800$1,210$856
32 years$5,153$3,603$2,464$1,654$1,094$763
33 years$4,943$3,412$2,300$1,521$990$681
34 years$4,745$3,234$2,149$1,399$897$608
35 years$4,559$3,067$2,009$1,288$812$543
36 years$4,384$2,911$1,880$1,186$736$485
37 years$4,218$2,765$1,759$1,093$667$434
38 years$4,062$2,628$1,648$1,008$605$387
39 years$3,914$2,499$1,544$929$548$346
40 years$3,773$2,377$1,447$857$497$310
41 years$3,640$2,263$1,357$791$451$277
42 years$3,514$2,155$1,273$730$409$248
43 years$3,394$2,053$1,194$673$372$221
44 years$3,279$1,957$1,121$622$337$198
45 years$3,170$1,866$1,052$574$306$177
46 years$3,066$1,780$989$530$278$158
47 years$2,967$1,699$929$490$252$142
48 years$2,872$1,622$873$453$229$127
49 years$2,782$1,549$820$419$208$113
50 years$2,695$1,480$771$387$189$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,760,000, adding $2,478 every year, while hoping to spend $40,650 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: 65/10/25 Blend
62$2,760,000$2,760,000$2,760,000$2,760,000
63$3,044,076$2,897,796$2,855,016$3,221,912
64$3,311,321$2,996,537$2,907,408$3,440,879
65$3,604,462$3,098,753$2,960,192$3,675,325
66$3,926,098$3,204,573$3,013,340$3,930,657
67$4,279,091$3,314,129$3,066,818$4,208,931
68$4,666,594$3,427,557$3,120,592$4,512,412
69$5,092,081$3,545,001$3,174,626$4,843,591
70$5,559,376$3,666,609$3,228,879$5,205,215
71$6,072,694$3,792,535$3,283,308$5,600,308
72$6,636,677$3,922,938$3,337,868$6,032,201
73$7,256,441$4,057,985$3,392,509$6,504,561
74$7,937,620$4,197,848$3,447,180$7,021,430
75$8,686,422$4,342,706$3,501,825$7,587,259
76$9,509,684$4,492,747$3,556,383$8,206,950
77$10,414,943$4,648,162$3,610,793$8,885,905
78$11,410,499$4,809,154$3,664,987$9,630,075
79$12,505,499$4,975,931$3,718,893$10,446,013
80$13,710,019$5,148,711$3,772,435$11,340,943
81$15,035,163$5,327,720$3,825,533$12,322,818
82$16,493,163$5,513,192$3,878,102$13,400,406
83$18,097,498$5,705,370$3,930,051$14,583,362
84$19,863,019$5,904,510$3,981,284$15,882,327
85$21,806,090$6,110,874$4,031,700$17,309,025
86$23,944,741$6,324,736$4,081,192$18,876,370
87$26,298,839$6,546,383$4,129,646$20,598,595
88$28,890,274$6,776,110$4,176,943$22,491,380
89$31,743,169$7,014,225$4,222,957$24,572,004
90$34,884,100$7,261,050$4,267,554$26,859,502
91$38,342,354$7,516,918$4,310,593$29,374,854
92$42,150,203$7,782,176$4,351,927$32,141,172
93$46,343,206$8,057,184$4,391,398$35,183,925
94$50,960,546$8,342,319$4,428,843$38,531,177
95$56,045,400$8,637,972$4,464,088$42,213,853
96$61,645,346$8,944,547$4,496,950$46,266,029
97$67,812,810$9,262,470$4,527,237$50,725,252
98$74,605,565$9,592,179$4,554,748$55,632,898
99$82,087,270$9,934,133$4,579,270$61,034,562
100$90,328,076$10,288,809$4,600,579$66,980,483