Can I retire at age 63 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$229,570$227,525$225,530$223,583$221,681$213,646
2 years$113,648$111,532$109,481$107,492$105,562$97,555
3 years$75,013$72,887$70,841$68,871$66,973$59,246
4 years$55,699$53,580$51,554$49,618$47,766$40,377
5 years$44,114$42,007$40,008$38,111$36,311$29,280
6 years$36,393$34,302$32,333$30,478$28,732$22,064
7 years$30,880$28,807$26,869$25,057$23,366$17,061
8 years$26,747$24,693$22,787$21,020$19,385$13,435
9 years$23,534$21,500$19,626$17,904$16,325$10,723
10 years$20,966$18,951$17,110$15,434$13,909$8,647
11 years$18,866$16,871$15,064$13,432$11,963$7,027
12 years$17,117$15,142$13,369$11,782$10,367$5,746
13 years$15,638$13,684$11,944$10,401$9,040$4,722
14 years$14,372$12,439$10,732$9,233$7,924$3,896
15 years$13,275$11,363$9,689$8,234$6,977$3,224
16 years$12,316$10,425$8,785$7,373$6,166$2,676
17 years$11,472$9,601$7,994$6,625$5,468$2,225
18 years$10,721$8,872$7,297$5,970$4,862$1,854
19 years$10,051$8,222$6,680$5,395$4,333$1,546
20 years$9,448$7,641$6,131$4,886$3,870$1,292
21 years$8,904$7,117$5,639$4,434$3,464$1,080
22 years$8,409$6,643$5,197$4,032$3,105$904
23 years$7,959$6,213$4,799$3,672$2,787$757
24 years$7,546$5,822$4,438$3,349$2,505$634
25 years$7,167$5,463$4,111$3,058$2,254$531
26 years$6,818$5,135$3,812$2,796$2,030$446
27 years$6,495$4,832$3,540$2,560$1,831$374
28 years$6,196$4,553$3,291$2,345$1,652$314
29 years$5,918$4,296$3,063$2,151$1,491$263
30 years$5,659$4,057$2,853$1,974$1,348$221
31 years$5,417$3,835$2,659$1,813$1,218$186
32 years$5,191$3,629$2,481$1,666$1,102$156
33 years$4,979$3,436$2,317$1,532$997$131
34 years$4,779$3,257$2,165$1,409$903$110
35 years$4,592$3,089$2,024$1,298$818$92
36 years$4,415$2,932$1,893$1,195$741$78
37 years$4,249$2,785$1,772$1,101$672$65
38 years$4,091$2,647$1,659$1,015$609$55
39 years$3,942$2,517$1,555$936$552$46
40 years$3,801$2,394$1,457$863$501$39
41 years$3,667$2,279$1,366$796$454$32
42 years$3,539$2,171$1,282$735$412$27
43 years$3,418$2,068$1,203$678$374$23
44 years$3,303$1,971$1,129$626$340$19
45 years$3,193$1,880$1,060$578$308$16
46 years$3,088$1,793$996$534$280$14
47 years$2,989$1,711$935$494$254$11
48 years$2,893$1,634$879$456$231$10
49 years$2,802$1,560$826$422$210$8
50 years$2,714$1,490$777$390$190$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,780,000, adding $5,978 every year, while hoping to spend $54,276 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: 86/7/7 Blend
62$2,780,000$2,780,000$2,780,000$2,780,000
63$3,069,726$2,922,386$2,879,296$3,331,558
64$3,325,089$3,007,834$2,918,003$3,588,621
65$3,604,680$3,095,650$2,956,188$3,862,976
66$3,910,912$3,185,892$2,993,776$4,162,720
67$4,246,445$3,278,620$3,030,687$4,490,371
68$4,614,206$3,373,896$3,066,838$4,848,703
69$5,017,419$3,471,780$3,102,141$5,240,770
70$5,459,635$3,572,337$3,136,503$5,669,936
71$5,944,767$3,675,630$3,169,824$6,139,905
72$6,477,121$3,781,725$3,202,002$6,654,758
73$7,061,444$3,890,686$3,232,926$7,218,989
74$7,702,964$4,002,582$3,262,481$7,837,549
75$8,407,438$4,117,480$3,290,545$8,515,893
76$9,181,209$4,235,449$3,316,992$9,260,026
77$10,031,266$4,356,560$3,341,684$10,076,569
78$10,965,307$4,480,883$3,364,482$10,972,810
79$11,991,811$4,608,489$3,385,235$11,956,783
80$13,120,122$4,739,451$3,403,787$13,037,335
81$14,360,533$4,873,843$3,419,972$14,224,216
82$15,724,384$5,011,738$3,433,618$15,528,166
83$17,224,169$5,153,210$3,444,541$16,961,018
84$18,873,652$5,298,336$3,452,552$18,535,809
85$20,688,000$5,447,190$3,457,448$20,266,903
86$22,683,923$5,599,848$3,459,019$22,170,129
87$24,879,830$5,756,389$3,457,043$24,262,923
88$27,296,008$5,916,887$3,451,290$26,564,499
89$29,954,807$6,081,420$3,441,514$29,096,028
90$32,880,853$6,250,066$3,427,460$31,880,837
91$36,101,282$6,422,901$3,408,862$34,944,628
92$39,645,991$6,600,002$3,385,438$38,315,723
93$43,547,926$6,781,446$3,356,894$42,025,329
94$47,843,387$6,967,309$3,322,922$46,107,831
95$52,572,372$7,157,667$3,283,200$50,601,121
96$57,778,957$7,352,594$3,237,389$55,546,949
97$63,511,705$7,552,166$3,185,136$60,991,322
98$69,824,131$7,756,454$3,126,070$66,984,935
99$76,775,202$7,965,531$3,059,804$73,583,652
100$84,429,897$8,179,466$2,985,932$80,849,028