Can I retire at age 63 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$228,744$226,706$224,719$222,778$220,884$213,471
2 years$113,240$111,131$109,087$107,105$105,183$97,788
3 years$74,743$72,625$70,586$68,623$66,732$59,587
4 years$55,499$53,387$51,369$49,439$47,594$40,754
5 years$43,955$41,856$39,864$37,974$36,180$29,663
6 years$36,262$34,179$32,216$30,368$28,628$22,438
7 years$30,769$28,703$26,772$24,967$23,282$17,420
8 years$26,651$24,604$22,705$20,944$19,315$13,775
9 years$23,450$21,422$19,556$17,840$16,266$11,042
10 years$20,890$18,883$17,049$15,378$13,859$8,943
11 years$18,798$16,810$15,010$13,384$11,920$7,301
12 years$17,055$15,088$13,321$11,739$10,329$5,998
13 years$15,582$13,635$11,901$10,364$9,007$4,953
14 years$14,320$12,394$10,693$9,200$7,896$4,106
15 years$13,227$11,322$9,655$8,205$6,952$3,415
16 years$12,272$10,388$8,753$7,347$6,144$2,848
17 years$11,430$9,567$7,965$6,601$5,448$2,381
18 years$10,683$8,840$7,271$5,949$4,844$1,994
19 years$10,015$8,193$6,656$5,375$4,318$1,672
20 years$9,414$7,613$6,109$4,868$3,857$1,404
21 years$8,872$7,091$5,619$4,418$3,451$1,180
22 years$8,379$6,620$5,179$4,017$3,093$993
23 years$7,930$6,191$4,782$3,659$2,777$836
24 years$7,519$5,801$4,422$3,337$2,496$705
25 years$7,141$5,444$4,096$3,047$2,246$594
26 years$6,794$5,116$3,799$2,786$2,023$501
27 years$6,472$4,815$3,527$2,550$1,824$423
28 years$6,174$4,537$3,279$2,337$1,646$357
29 years$5,897$4,280$3,052$2,143$1,486$301
30 years$5,639$4,042$2,842$1,967$1,343$254
31 years$5,398$3,821$2,650$1,806$1,214$215
32 years$5,172$3,616$2,472$1,660$1,098$181
33 years$4,961$3,424$2,309$1,526$994$153
34 years$4,762$3,245$2,157$1,404$900$129
35 years$4,575$3,078$2,017$1,293$815$109
36 years$4,399$2,922$1,886$1,191$738$92
37 years$4,233$2,775$1,766$1,097$669$78
38 years$4,076$2,637$1,654$1,011$607$66
39 years$3,928$2,508$1,549$932$550$56
40 years$3,787$2,386$1,452$860$499$47
41 years$3,653$2,271$1,362$793$453$40
42 years$3,527$2,163$1,277$732$411$34
43 years$3,406$2,061$1,198$676$373$28
44 years$3,291$1,964$1,125$624$338$24
45 years$3,182$1,873$1,056$576$307$20
46 years$3,077$1,787$992$532$279$17
47 years$2,978$1,705$932$492$253$15
48 years$2,883$1,628$876$455$230$12
49 years$2,792$1,555$823$420$209$10
50 years$2,704$1,485$774$388$190$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,770,000, adding $3,755 every year, while hoping to spend $42,803 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: 42/36/22 Blend
62$2,770,000$2,770,000$2,770,000$2,770,000
63$3,056,413$2,909,603$2,866,668$3,164,944
64$3,322,625$3,006,632$2,917,160$3,339,633
65$3,614,557$3,106,980$2,967,908$3,524,282
66$3,934,785$3,210,766$3,018,876$3,723,379
67$4,286,150$3,318,110$3,070,026$3,938,276
68$4,671,780$3,429,141$3,121,315$4,170,459
69$5,095,121$3,543,987$3,172,697$4,421,561
70$5,559,966$3,662,786$3,224,126$4,693,381
71$6,070,498$3,785,678$3,275,550$4,987,894
72$6,631,322$3,912,810$3,326,914$5,307,275
73$7,247,512$4,044,332$3,378,160$5,653,917
74$7,924,656$4,180,402$3,429,227$6,030,452
75$8,668,913$4,321,184$3,480,048$6,439,776
76$9,487,066$4,466,846$3,530,553$6,885,078
77$10,386,590$4,617,564$3,580,669$7,369,867
78$11,375,717$4,773,520$3,630,317$7,898,005
79$12,463,522$4,934,904$3,679,414$8,473,742
80$13,659,998$5,101,911$3,727,871$9,101,760
81$14,976,158$5,274,745$3,775,596$9,787,212
82$16,424,136$5,453,617$3,822,488$10,535,770
83$18,017,301$5,638,747$3,868,444$11,353,682
84$19,770,382$5,830,363$3,913,354$12,247,827
85$21,699,610$6,028,700$3,957,100$13,225,778
86$23,822,868$6,234,004$3,999,561$14,295,879
87$26,159,860$6,446,530$4,040,606$15,467,316
88$28,732,298$6,666,541$4,080,098$16,750,206
89$31,564,104$6,894,314$4,117,893$18,155,694
90$34,681,640$7,130,132$4,153,840$19,696,053
91$38,113,951$7,374,293$4,187,777$21,384,803
92$41,893,044$7,627,103$4,219,537$23,236,836
93$46,054,185$7,888,882$4,248,943$25,268,554
94$50,636,237$8,159,962$4,275,807$27,498,029
95$55,682,020$8,440,687$4,299,934$29,945,165
96$61,238,721$8,731,415$4,321,116$32,631,890
97$67,358,335$9,032,520$4,339,139$35,582,362
98$74,098,158$9,344,386$4,353,772$38,823,192
99$81,521,325$9,667,415$4,364,779$42,383,702
100$89,697,407$10,002,026$4,371,906$46,296,191