Can I retire at age 63 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$230,396$228,343$226,341$224,387$222,479$219,244
2 years$114,057$111,933$109,874$107,878$105,942$102,691
3 years$75,283$73,149$71,096$69,119$67,214$64,046
4 years$55,899$53,773$51,740$49,796$47,938$44,878
5 years$44,272$42,158$40,152$38,248$36,441$33,499
6 years$36,524$34,425$32,449$30,587$28,835$26,012
7 years$30,991$28,910$26,965$25,148$23,450$20,749
8 years$26,843$24,782$22,869$21,096$19,454$16,874
9 years$23,619$21,577$19,697$17,969$16,383$13,923
10 years$21,041$19,019$17,172$15,489$13,960$11,617
11 years$18,933$16,931$15,118$13,480$12,006$9,779
12 years$17,178$15,197$13,417$11,824$10,404$8,290
13 years$15,694$13,733$11,987$10,439$9,072$7,068
14 years$14,423$12,483$10,770$9,266$7,953$6,056
15 years$13,323$11,404$9,724$8,264$7,002$5,209
16 years$12,361$10,463$8,816$7,400$6,189$4,495
17 years$11,513$9,636$8,023$6,648$5,487$3,890
18 years$10,760$8,904$7,324$5,992$4,879$3,375
19 years$10,087$8,252$6,704$5,414$4,349$2,933
20 years$9,482$7,668$6,153$4,903$3,884$2,554
21 years$8,936$7,143$5,660$4,450$3,476$2,228
22 years$8,440$6,667$5,216$4,046$3,116$1,945
23 years$7,987$6,236$4,816$3,685$2,797$1,701
24 years$7,573$5,843$4,454$3,361$2,514$1,488
25 years$7,193$5,483$4,125$3,069$2,262$1,303
26 years$6,843$5,153$3,826$2,806$2,038$1,142
27 years$6,519$4,850$3,553$2,569$1,837$1,002
28 years$6,218$4,570$3,303$2,354$1,658$879
29 years$5,939$4,311$3,074$2,158$1,497$772
30 years$5,679$4,071$2,863$1,981$1,353$678
31 years$5,436$3,849$2,669$1,819$1,223$596
32 years$5,209$3,642$2,490$1,672$1,106$524
33 years$4,996$3,449$2,325$1,537$1,001$460
34 years$4,797$3,269$2,173$1,415$906$405
35 years$4,608$3,100$2,031$1,302$821$356
36 years$4,431$2,943$1,900$1,199$744$313
37 years$4,264$2,795$1,778$1,105$674$276
38 years$4,106$2,656$1,665$1,018$611$243
39 years$3,956$2,526$1,560$939$554$214
40 years$3,814$2,403$1,463$866$503$188
41 years$3,680$2,287$1,371$799$456$166
42 years$3,552$2,178$1,286$738$414$146
43 years$3,431$2,076$1,207$681$376$128
44 years$3,315$1,978$1,133$629$341$113
45 years$3,205$1,887$1,064$581$309$100
46 years$3,100$1,800$999$536$281$88
47 years$2,999$1,718$939$495$255$77
48 years$2,903$1,640$882$458$232$68
49 years$2,812$1,566$829$423$210$60
50 years$2,724$1,496$780$391$191$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,790,000, adding $3,218 every year, while hoping to spend $41,104 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: 28/46/26 Blend
62$2,790,000$2,790,000$2,790,000$2,790,000
63$3,077,899$2,930,029$2,886,784$3,139,082
64$3,348,111$3,029,866$2,939,757$3,287,683
65$3,644,506$3,133,218$2,993,127$3,443,433
66$3,969,713$3,240,213$3,046,864$3,609,933
67$4,326,625$3,350,984$3,100,935$3,788,130
68$4,718,430$3,465,672$3,155,306$3,979,067
69$5,148,639$3,584,419$3,209,938$4,183,887
70$5,621,121$3,707,377$3,264,792$4,403,844
71$6,140,137$3,834,700$3,319,824$4,640,317
72$6,710,381$3,966,550$3,374,988$4,894,820
73$7,337,024$4,103,095$3,430,235$5,169,016
74$8,025,764$4,244,510$3,485,510$5,464,734
75$8,782,876$4,390,976$3,540,760$5,783,982
76$9,615,276$4,542,680$3,595,922$6,128,970
77$10,530,583$4,699,820$3,650,933$6,502,125
78$11,537,188$4,862,597$3,705,726$6,906,116
79$12,644,341$5,031,224$3,760,227$7,343,881
80$13,862,230$5,205,920$3,814,361$7,818,648
81$15,202,081$5,386,913$3,868,045$8,333,969
82$16,676,262$5,574,441$3,921,194$8,893,754
83$18,298,402$5,768,750$3,973,715$9,502,300
84$20,083,518$5,970,097$4,025,513$10,164,340
85$22,048,153$6,178,749$4,076,484$10,885,081
86$24,210,539$6,394,981$4,126,521$11,670,251
87$26,590,762$6,619,084$4,175,508$12,526,157
88$29,210,957$6,851,357$4,223,325$13,459,742
89$32,095,512$7,092,110$4,269,843$14,478,647
90$35,271,300$7,341,670$4,314,929$15,591,285
91$38,767,933$7,600,372$4,358,439$16,806,916
92$42,618,040$7,868,568$4,400,225$18,135,739
93$46,857,575$8,146,622$4,440,127$19,588,981
94$51,526,156$8,434,915$4,477,979$21,179,005
95$56,667,439$8,733,840$4,513,607$22,919,425
96$62,329,529$9,043,811$4,546,824$24,825,234
97$68,565,437$9,365,253$4,577,438$26,912,943
98$75,433,573$9,698,612$4,605,244$29,200,735
99$82,998,305$10,044,351$4,630,027$31,708,637
100$91,330,560$10,402,952$4,651,561$34,458,708