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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$230,396$228,343$226,341$224,387$222,479$217,365
2 years$114,057$111,933$109,874$107,878$105,942$100,819
3 years$75,283$73,149$71,096$69,119$67,214$62,241
4 years$55,899$53,773$51,740$49,796$47,938$43,152
5 years$44,272$42,158$40,152$38,248$36,441$31,858
6 years$36,524$34,425$32,449$30,587$28,835$24,458
7 years$30,991$28,910$26,965$25,148$23,450$19,281
8 years$26,843$24,782$22,869$21,096$19,454$15,490
9 years$23,619$21,577$19,697$17,969$16,383$12,622
10 years$21,041$19,019$17,172$15,489$13,960$10,396
11 years$18,933$16,931$15,118$13,480$12,006$8,636
12 years$17,178$15,197$13,417$11,824$10,404$7,222
13 years$15,694$13,733$11,987$10,439$9,072$6,073
14 years$14,423$12,483$10,770$9,266$7,953$5,130
15 years$13,323$11,404$9,724$8,264$7,002$4,349
16 years$12,361$10,463$8,816$7,400$6,189$3,698
17 years$11,513$9,636$8,023$6,648$5,487$3,152
18 years$10,760$8,904$7,324$5,992$4,879$2,693
19 years$10,087$8,252$6,704$5,414$4,349$2,305
20 years$9,482$7,668$6,153$4,903$3,884$1,976
21 years$8,936$7,143$5,660$4,450$3,476$1,696
22 years$8,440$6,667$5,216$4,046$3,116$1,457
23 years$7,987$6,236$4,816$3,685$2,797$1,253
24 years$7,573$5,843$4,454$3,361$2,514$1,079
25 years$7,193$5,483$4,125$3,069$2,262$929
26 years$6,843$5,153$3,826$2,806$2,038$801
27 years$6,519$4,850$3,553$2,569$1,837$691
28 years$6,218$4,570$3,303$2,354$1,658$596
29 years$5,939$4,311$3,074$2,158$1,497$514
30 years$5,679$4,071$2,863$1,981$1,353$444
31 years$5,436$3,849$2,669$1,819$1,223$383
32 years$5,209$3,642$2,490$1,672$1,106$331
33 years$4,996$3,449$2,325$1,537$1,001$286
34 years$4,797$3,269$2,173$1,415$906$247
35 years$4,608$3,100$2,031$1,302$821$214
36 years$4,431$2,943$1,900$1,199$744$185
37 years$4,264$2,795$1,778$1,105$674$160
38 years$4,106$2,656$1,665$1,018$611$138
39 years$3,956$2,526$1,560$939$554$119
40 years$3,814$2,403$1,463$866$503$103
41 years$3,680$2,287$1,371$799$456$89
42 years$3,552$2,178$1,286$738$414$77
43 years$3,431$2,076$1,207$681$376$67
44 years$3,315$1,978$1,133$629$341$58
45 years$3,205$1,887$1,064$581$309$50
46 years$3,100$1,800$999$536$281$43
47 years$2,999$1,718$939$495$255$37
48 years$2,903$1,640$882$458$232$32
49 years$2,812$1,566$829$423$210$28
50 years$2,724$1,496$780$391$191$24

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 $5,161 every year, while hoping to spend $48,744 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: 53/36/11 Blend
62$2,790,000$2,790,000$2,790,000$2,790,000
63$3,079,904$2,932,034$2,888,789$3,234,112
64$3,342,190$3,023,840$2,933,700$3,431,390
65$3,629,597$3,118,511$2,978,482$3,640,219
66$3,944,634$3,216,136$3,023,079$3,866,283
67$4,290,066$3,316,807$3,067,432$4,111,227
68$4,668,940$3,420,617$3,111,477$4,376,857
69$5,084,609$3,527,664$3,155,149$4,665,162
70$5,540,768$3,638,049$3,198,376$4,978,331
71$6,041,488$3,751,875$3,241,083$5,318,770
72$6,591,252$3,869,249$3,283,191$5,689,130
73$7,194,998$3,990,280$3,324,616$6,092,327
74$7,858,166$4,115,083$3,365,270$6,531,572
75$8,586,750$4,243,772$3,405,057$7,010,398
76$9,387,351$4,376,470$3,443,879$7,532,696
77$10,267,243$4,513,299$3,481,631$8,102,749
78$11,234,439$4,654,389$3,518,204$8,725,272
79$12,297,768$4,799,869$3,553,479$9,405,460
80$13,466,954$4,949,877$3,587,335$10,149,029
81$14,752,714$5,104,552$3,619,641$10,962,276
82$16,166,854$5,264,038$3,650,262$11,852,137
83$17,722,381$5,428,484$3,679,054$12,826,248
84$19,433,627$5,598,042$3,705,865$13,893,020
85$21,316,382$5,772,871$3,730,537$15,061,718
86$23,388,045$5,953,134$3,752,901$16,342,546
87$25,667,785$6,138,997$3,772,783$17,746,745
88$28,176,724$6,330,633$3,789,997$19,286,694
89$30,938,137$6,528,220$3,804,348$20,976,032
90$33,977,666$6,731,942$3,815,633$22,829,783
91$37,323,568$6,941,988$3,823,637$24,864,498
92$41,006,977$7,158,551$3,828,134$27,098,409
93$45,062,202$7,381,833$3,828,889$29,551,603
94$49,527,043$7,612,039$3,825,654$32,246,208
95$54,443,156$7,849,383$3,818,168$35,206,605
96$59,856,439$8,094,085$3,806,158$38,459,653
97$65,817,470$8,346,369$3,789,338$42,034,945
98$72,381,980$8,606,469$3,767,409$45,965,087
99$79,611,380$8,874,624$3,740,055$50,286,000
100$87,573,342$9,151,082$3,706,948$55,037,266