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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$228,744$226,706$224,719$222,778$220,884$217,853
2 years$113,240$111,131$109,087$107,105$105,183$102,134
3 years$74,743$72,625$70,586$68,623$66,732$63,761
4 years$55,499$53,387$51,369$49,439$47,594$44,723
5 years$43,955$41,856$39,864$37,974$36,180$33,418
6 years$36,262$34,179$32,216$30,368$28,628$25,978
7 years$30,769$28,703$26,772$24,967$23,282$20,745
8 years$26,651$24,604$22,705$20,944$19,315$16,890
9 years$23,450$21,422$19,556$17,840$16,266$13,953
10 years$20,890$18,883$17,049$15,378$13,859$11,656
11 years$18,798$16,810$15,010$13,384$11,920$9,824
12 years$17,055$15,088$13,321$11,739$10,329$8,339
13 years$15,582$13,635$11,901$10,364$9,007$7,119
14 years$14,320$12,394$10,693$9,200$7,896$6,108
15 years$13,227$11,322$9,655$8,205$6,952$5,260
16 years$12,272$10,388$8,753$7,347$6,144$4,546
17 years$11,430$9,567$7,965$6,601$5,448$3,940
18 years$10,683$8,840$7,271$5,949$4,844$3,423
19 years$10,015$8,193$6,656$5,375$4,318$2,980
20 years$9,414$7,613$6,109$4,868$3,857$2,598
21 years$8,872$7,091$5,619$4,418$3,451$2,270
22 years$8,379$6,620$5,179$4,017$3,093$1,985
23 years$7,930$6,191$4,782$3,659$2,777$1,738
24 years$7,519$5,801$4,422$3,337$2,496$1,523
25 years$7,141$5,444$4,096$3,047$2,246$1,336
26 years$6,794$5,116$3,799$2,786$2,023$1,173
27 years$6,472$4,815$3,527$2,550$1,824$1,030
28 years$6,174$4,537$3,279$2,337$1,646$906
29 years$5,897$4,280$3,052$2,143$1,486$796
30 years$5,639$4,042$2,842$1,967$1,343$701
31 years$5,398$3,821$2,650$1,806$1,214$617
32 years$5,172$3,616$2,472$1,660$1,098$543
33 years$4,961$3,424$2,309$1,526$994$478
34 years$4,762$3,245$2,157$1,404$900$421
35 years$4,575$3,078$2,017$1,293$815$371
36 years$4,399$2,922$1,886$1,191$738$327
37 years$4,233$2,775$1,766$1,097$669$288
38 years$4,076$2,637$1,654$1,011$607$254
39 years$3,928$2,508$1,549$932$550$224
40 years$3,787$2,386$1,452$860$499$198
41 years$3,653$2,271$1,362$793$453$174
42 years$3,527$2,163$1,277$732$411$154
43 years$3,406$2,061$1,198$676$373$136
44 years$3,291$1,964$1,125$624$338$120
45 years$3,182$1,873$1,056$576$307$105
46 years$3,077$1,787$992$532$279$93
47 years$2,978$1,705$932$492$253$82
48 years$2,883$1,628$876$455$230$72
49 years$2,792$1,555$823$420$209$64
50 years$2,704$1,485$774$388$190$56

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 $5,256 every year, while hoping to spend $35,283 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: 58/12/30 Blend
62$2,770,000$2,770,000$2,770,000$2,770,000
63$3,057,962$2,911,152$2,868,217$3,209,866
64$3,332,333$3,016,257$2,926,761$3,419,841
65$3,633,507$3,125,330$2,986,084$3,644,552
66$3,964,182$3,238,528$3,046,175$3,888,878
67$4,327,327$3,356,015$3,107,020$4,154,735
68$4,726,215$3,477,960$3,168,606$4,444,231
69$5,164,451$3,604,543$3,230,917$4,759,688
70$5,646,007$3,735,946$3,293,933$5,103,662
71$6,175,256$3,872,364$3,357,637$5,478,968
72$6,757,020$4,013,998$3,422,005$5,888,704
73$7,396,608$4,161,056$3,487,014$6,336,285
74$8,099,870$4,313,756$3,552,638$6,825,468
75$8,873,253$4,472,326$3,618,848$7,360,394
76$9,723,858$4,637,003$3,685,612$7,945,621
77$10,659,508$4,808,033$3,752,897$8,586,171
78$11,688,826$4,985,674$3,820,666$9,287,576
79$12,821,308$5,170,194$3,888,881$10,055,927
80$14,067,420$5,361,873$3,957,497$10,897,937
81$15,438,693$5,561,001$4,026,470$11,820,997
82$16,947,833$5,767,883$4,095,749$12,833,252
83$18,608,838$5,982,836$4,165,283$13,943,672
84$20,437,135$6,206,189$4,235,015$15,162,142
85$22,449,718$6,438,288$4,304,884$16,499,550
86$24,665,317$6,679,492$4,374,825$17,967,890
87$27,104,567$6,930,175$4,444,770$19,580,379
88$29,790,208$7,190,729$4,514,644$21,351,578
89$32,747,295$7,461,560$4,584,371$23,297,527
90$36,003,437$7,743,094$4,653,865$25,435,902
91$39,589,056$8,035,775$4,723,038$27,786,175
92$43,537,677$8,340,065$4,791,797$30,369,804
93$47,886,240$8,656,448$4,860,042$33,210,428
94$52,675,448$8,985,426$4,927,665$36,334,095
95$57,950,158$9,327,525$4,994,556$39,769,507
96$63,759,795$9,683,295$5,060,595$43,548,286
97$70,158,825$10,053,307$5,125,655$47,705,279
98$77,207,265$10,438,159$5,189,605$52,278,880
99$84,971,251$10,838,475$5,252,302$57,311,395
100$93,523,663$11,254,904$5,313,598$62,849,442