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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$229,570$227,525$225,530$223,583$221,681$217,294
2 years$113,648$111,532$109,481$107,492$105,562$101,161
3 years$75,013$72,887$70,841$68,871$66,973$62,695
4 years$55,699$53,580$51,554$49,618$47,766$43,643
5 years$44,114$42,007$40,008$38,111$36,311$32,356
6 years$36,393$34,302$32,333$30,478$28,732$24,949
7 years$30,880$28,807$26,869$25,057$23,366$19,756
8 years$26,747$24,693$22,787$21,020$19,385$15,946
9 years$23,534$21,500$19,626$17,904$16,325$13,056
10 years$20,966$18,951$17,110$15,434$13,909$10,807
11 years$18,866$16,871$15,064$13,432$11,963$9,023
12 years$17,117$15,142$13,369$11,782$10,367$7,585
13 years$15,638$13,684$11,944$10,401$9,040$6,413
14 years$14,372$12,439$10,732$9,233$7,924$5,446
15 years$13,275$11,363$9,689$8,234$6,977$4,642
16 years$12,316$10,425$8,785$7,373$6,166$3,970
17 years$11,472$9,601$7,994$6,625$5,468$3,404
18 years$10,721$8,872$7,297$5,970$4,862$2,925
19 years$10,051$8,222$6,680$5,395$4,333$2,519
20 years$9,448$7,641$6,131$4,886$3,870$2,172
21 years$8,904$7,117$5,639$4,434$3,464$1,876
22 years$8,409$6,643$5,197$4,032$3,105$1,622
23 years$7,959$6,213$4,799$3,672$2,787$1,403
24 years$7,546$5,822$4,438$3,349$2,505$1,216
25 years$7,167$5,463$4,111$3,058$2,254$1,054
26 years$6,818$5,135$3,812$2,796$2,030$914
27 years$6,495$4,832$3,540$2,560$1,831$793
28 years$6,196$4,553$3,291$2,345$1,652$689
29 years$5,918$4,296$3,063$2,151$1,491$598
30 years$5,659$4,057$2,853$1,974$1,348$520
31 years$5,417$3,835$2,659$1,813$1,218$452
32 years$5,191$3,629$2,481$1,666$1,102$393
33 years$4,979$3,436$2,317$1,532$997$342
34 years$4,779$3,257$2,165$1,409$903$297
35 years$4,592$3,089$2,024$1,298$818$259
36 years$4,415$2,932$1,893$1,195$741$225
37 years$4,249$2,785$1,772$1,101$672$196
38 years$4,091$2,647$1,659$1,015$609$171
39 years$3,942$2,517$1,555$936$552$148
40 years$3,801$2,394$1,457$863$501$129
41 years$3,667$2,279$1,366$796$454$113
42 years$3,539$2,171$1,282$735$412$98
43 years$3,418$2,068$1,203$678$374$85
44 years$3,303$1,971$1,129$626$340$74
45 years$3,193$1,880$1,060$578$308$65
46 years$3,088$1,793$996$534$280$56
47 years$2,989$1,711$935$494$254$49
48 years$2,893$1,634$879$456$231$43
49 years$2,802$1,560$826$422$210$37
50 years$2,714$1,490$777$390$190$32

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 $6,345 every year, while hoping to spend $25,647 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: 56/39/5 Blend
62$2,780,000$2,780,000$2,780,000$2,780,000
63$3,070,105$2,922,765$2,879,675$3,238,653
64$3,355,967$3,038,692$2,948,856$3,468,702
65$3,670,128$3,159,440$3,019,495$3,715,693
66$4,015,447$3,285,218$3,091,613$3,984,049
67$4,395,073$3,416,245$3,165,233$4,275,804
68$4,812,478$3,552,749$3,240,376$4,593,195
69$5,271,486$3,694,968$3,317,063$4,938,679
70$5,776,308$3,843,152$3,395,316$5,314,961
71$6,331,587$3,997,562$3,475,154$5,725,011
72$6,942,436$4,158,470$3,556,599$6,172,099
73$7,614,490$4,326,160$3,639,671$6,659,820
74$8,353,957$4,500,931$3,724,389$7,192,127
75$9,167,678$4,683,094$3,810,773$7,773,370
76$10,063,190$4,872,974$3,898,842$8,408,335
77$11,048,796$5,070,911$3,988,615$9,102,286
78$12,133,648$5,277,260$4,080,108$9,861,018
79$13,327,827$5,492,393$4,173,339$10,690,904
80$14,642,445$5,716,699$4,268,325$11,598,962
81$16,089,741$5,950,585$4,365,081$12,592,912
82$17,683,205$6,194,474$4,463,621$13,681,254
83$19,437,701$6,448,812$4,563,961$14,873,342
84$21,369,605$6,714,062$4,666,113$16,179,475
85$23,496,965$6,990,712$4,770,088$17,610,989
86$25,839,668$7,279,269$4,875,898$19,180,365
87$28,419,625$7,580,264$4,983,552$20,901,344
88$31,260,984$7,894,254$5,093,058$22,789,056
89$34,390,352$8,221,820$5,204,423$24,860,157
90$37,837,049$8,563,571$5,317,652$27,132,993
91$41,633,384$8,920,142$5,432,750$29,627,762
92$45,814,959$9,292,199$5,549,717$32,366,707
93$50,421,006$9,680,438$5,668,554$35,374,324
94$55,494,758$10,085,588$5,789,259$38,677,590
95$61,083,852$10,508,411$5,911,828$42,306,217
96$67,240,786$10,949,704$6,036,255$46,292,926
97$74,023,408$11,410,301$6,162,532$50,673,759
98$81,495,465$11,891,076$6,290,646$55,488,411
99$89,727,205$12,392,941$6,420,586$60,780,607
100$98,796,038$12,916,853$6,552,333$66,598,509