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%17.1%
1 years$228,744$226,706$224,719$222,778$220,884$214,501
2 years$113,240$111,131$109,087$107,105$105,183$98,803
3 years$74,743$72,625$70,586$68,623$66,732$60,555
4 years$55,499$53,387$51,369$49,439$47,594$41,667
5 years$43,955$41,856$39,864$37,974$36,180$30,520
6 years$36,262$34,179$32,216$30,368$28,628$23,239
7 years$30,769$28,703$26,772$24,967$23,282$18,165
8 years$26,651$24,604$22,705$20,944$19,315$14,466
9 years$23,450$21,422$19,556$17,840$16,266$11,681
10 years$20,890$18,883$17,049$15,378$13,859$9,532
11 years$18,798$16,810$15,010$13,384$11,920$7,842
12 years$17,055$15,088$13,321$11,739$10,329$6,494
13 years$15,582$13,635$11,901$10,364$9,007$5,406
14 years$14,320$12,394$10,693$9,200$7,896$4,520
15 years$13,227$11,322$9,655$8,205$6,952$3,791
16 years$12,272$10,388$8,753$7,347$6,144$3,190
17 years$11,430$9,567$7,965$6,601$5,448$2,690
18 years$10,683$8,840$7,271$5,949$4,844$2,273
19 years$10,015$8,193$6,656$5,375$4,318$1,923
20 years$9,414$7,613$6,109$4,868$3,857$1,630
21 years$8,872$7,091$5,619$4,418$3,451$1,383
22 years$8,379$6,620$5,179$4,017$3,093$1,175
23 years$7,930$6,191$4,782$3,659$2,777$998
24 years$7,519$5,801$4,422$3,337$2,496$849
25 years$7,141$5,444$4,096$3,047$2,246$723
26 years$6,794$5,116$3,799$2,786$2,023$615
27 years$6,472$4,815$3,527$2,550$1,824$524
28 years$6,174$4,537$3,279$2,337$1,646$447
29 years$5,897$4,280$3,052$2,143$1,486$381
30 years$5,639$4,042$2,842$1,967$1,343$325
31 years$5,398$3,821$2,650$1,806$1,214$277
32 years$5,172$3,616$2,472$1,660$1,098$236
33 years$4,961$3,424$2,309$1,526$994$202
34 years$4,762$3,245$2,157$1,404$900$172
35 years$4,575$3,078$2,017$1,293$815$147
36 years$4,399$2,922$1,886$1,191$738$125
37 years$4,233$2,775$1,766$1,097$669$107
38 years$4,076$2,637$1,654$1,011$607$91
39 years$3,928$2,508$1,549$932$550$78
40 years$3,787$2,386$1,452$860$499$67
41 years$3,653$2,271$1,362$793$453$57
42 years$3,527$2,163$1,277$732$411$48
43 years$3,406$2,061$1,198$676$373$41
44 years$3,291$1,964$1,125$624$338$35
45 years$3,182$1,873$1,056$576$307$30
46 years$3,077$1,787$992$532$279$26
47 years$2,978$1,705$932$492$253$22
48 years$2,883$1,628$876$455$230$19
49 years$2,792$1,555$823$420$209$16
50 years$2,704$1,485$774$388$190$14

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 $5,054 every year, while hoping to spend $42,129 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: 51/31/18 Blend
62$2,770,000$2,770,000$2,770,000$2,770,000
63$3,057,753$2,910,943$2,868,008$3,198,282
64$3,324,819$3,008,754$2,919,262$3,393,385
65$3,617,714$3,109,947$2,970,820$3,600,599
66$3,939,027$3,214,641$3,022,649$3,824,977
67$4,291,612$3,322,962$3,074,712$4,068,158
68$4,678,611$3,435,042$3,126,969$4,331,941
69$5,103,486$3,551,015$3,179,379$4,618,309
70$5,570,049$3,671,022$3,231,896$4,929,442
71$6,082,500$3,795,209$3,284,471$5,267,740
72$6,645,467$3,923,726$3,337,053$5,635,841
73$7,264,048$4,056,731$3,389,586$6,036,653
74$7,943,856$4,194,387$3,442,014$6,473,373
75$8,691,080$4,336,863$3,494,272$6,949,522
76$9,512,535$4,484,334$3,546,294$7,468,976
77$10,415,729$4,636,982$3,598,011$8,036,000
78$11,408,937$4,794,997$3,649,347$8,655,292
79$12,501,271$4,958,575$3,700,223$9,332,023
80$13,702,775$5,127,919$3,750,555$10,071,890
81$15,024,514$5,303,243$3,800,254$10,881,162
82$16,478,678$5,484,765$3,849,226$11,766,746
83$18,078,698$5,672,714$3,897,371$12,736,246
84$19,839,376$5,867,327$3,944,583$13,798,038
85$21,777,017$6,068,851$3,990,751$14,961,345
86$23,909,589$6,277,541$4,035,758$16,236,328
87$26,256,890$6,493,664$4,079,479$17,634,177
88$28,840,735$6,717,495$4,121,783$19,167,218
89$31,685,159$6,949,321$4,162,532$20,849,027
90$34,816,648$7,189,441$4,201,580$22,694,560
91$38,264,387$7,438,165$4,238,773$24,720,291
92$42,060,533$7,695,813$4,273,951$26,944,369
93$46,240,521$7,962,722$4,306,942$29,386,786
94$50,843,397$8,239,238$4,337,568$32,069,566
95$55,912,187$8,525,724$4,365,639$35,016,973
96$61,494,299$8,822,554$4,390,957$38,255,739
97$67,641,978$9,130,119$4,413,315$41,815,313
98$74,412,791$9,448,826$4,432,492$45,728,141
99$81,870,174$9,779,097$4,448,259$50,029,970
100$90,084,029$10,121,370$4,460,373$54,760,184