Can I retire at age 63 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$231,221$229,162$227,152$225,191$223,276$219,577
2 years$114,466$112,334$110,268$108,265$106,322$102,606
3 years$75,553$73,412$71,351$69,366$67,455$63,838
4 years$56,100$53,965$51,925$49,975$48,109$44,619
5 years$44,431$42,309$40,296$38,385$36,572$33,218
6 years$36,655$34,549$32,565$30,697$28,938$25,725
7 years$31,102$29,014$27,062$25,238$23,535$20,463
8 years$26,940$24,870$22,951$21,171$19,524$16,593
9 years$23,704$21,654$19,767$18,033$16,442$13,651
10 years$21,117$19,087$17,234$15,545$14,010$11,355
11 years$19,001$16,992$15,172$13,529$12,049$9,528
12 years$17,240$15,251$13,465$11,866$10,441$8,052
13 years$15,750$13,783$12,030$10,476$9,105$6,843
14 years$14,475$12,528$10,809$9,300$7,981$5,843
15 years$13,370$11,445$9,759$8,294$7,027$5,008
16 years$12,405$10,500$8,848$7,426$6,211$4,307
17 years$11,554$9,670$8,051$6,672$5,507$3,714
18 years$10,799$8,936$7,350$6,013$4,896$3,210
19 years$10,123$8,282$6,728$5,433$4,364$2,781
20 years$9,516$7,696$6,175$4,921$3,898$2,412
21 years$8,968$7,168$5,680$4,466$3,489$2,096
22 years$8,470$6,691$5,235$4,061$3,127$1,823
23 years$8,016$6,258$4,833$3,698$2,807$1,588
24 years$7,601$5,864$4,470$3,373$2,523$1,384
25 years$7,219$5,503$4,140$3,080$2,270$1,207
26 years$6,867$5,172$3,840$2,816$2,045$1,054
27 years$6,542$4,867$3,566$2,578$1,844$921
28 years$6,241$4,586$3,315$2,362$1,664$805
29 years$5,961$4,327$3,085$2,166$1,502$704
30 years$5,700$4,086$2,873$1,988$1,357$615
31 years$5,456$3,863$2,679$1,826$1,227$539
32 years$5,228$3,655$2,499$1,678$1,110$471
33 years$5,014$3,461$2,334$1,543$1,005$413
34 years$4,814$3,280$2,180$1,420$910$361
35 years$4,625$3,111$2,038$1,307$824$317
36 years$4,447$2,953$1,907$1,204$746$277
37 years$4,279$2,805$1,785$1,109$677$243
38 years$4,120$2,666$1,671$1,022$613$213
39 years$3,970$2,535$1,566$942$556$187
40 years$3,828$2,412$1,468$869$504$164
41 years$3,693$2,296$1,376$802$458$143
42 years$3,565$2,186$1,291$740$415$126
43 years$3,443$2,083$1,211$683$377$110
44 years$3,327$1,986$1,137$631$342$97
45 years$3,216$1,893$1,068$583$311$85
46 years$3,111$1,806$1,003$538$282$74
47 years$3,010$1,724$942$497$256$65
48 years$2,914$1,646$885$459$233$57
49 years$2,822$1,571$832$425$211$50
50 years$2,734$1,501$782$392$192$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,800,000, adding $6,822 every year, while hoping to spend $39,319 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: 61/21/18 Blend
62$2,800,000$2,800,000$2,800,000$2,800,000
63$3,092,637$2,944,237$2,900,837$3,266,608
64$3,366,251$3,046,669$2,956,180$3,487,236
65$3,666,455$3,152,803$3,012,059$3,722,918
66$3,995,922$3,262,778$3,068,451$3,979,216
67$4,357,591$3,376,740$3,125,329$4,258,133
68$4,754,705$3,494,840$3,182,667$4,561,877
69$5,190,832$3,617,234$3,240,434$4,892,877
70$5,669,906$3,744,087$3,298,597$5,253,805
71$6,196,257$3,875,569$3,357,122$5,647,605
72$6,774,660$4,011,856$3,415,969$6,077,517
73$7,410,370$4,153,132$3,475,099$6,547,109
74$8,109,181$4,299,588$3,534,468$7,060,307
75$8,877,473$4,451,424$3,594,028$7,621,438
76$9,722,278$4,608,846$3,653,731$8,235,263
77$10,651,340$4,772,070$3,713,521$8,907,027
78$11,673,195$4,941,320$3,773,342$9,642,506
79$12,797,245$5,116,828$3,833,133$10,448,060
80$14,033,850$5,298,838$3,892,829$11,330,695
81$15,394,423$5,487,602$3,952,359$12,298,127
82$16,891,543$5,683,383$4,011,652$13,358,855
83$18,539,065$5,886,454$4,070,627$14,522,239
84$20,352,259$6,097,100$4,129,203$15,798,591
85$22,347,949$6,315,617$4,187,290$17,199,269
86$24,544,672$6,542,314$4,244,796$18,736,786
87$26,962,853$6,777,512$4,301,621$20,424,923
88$29,624,999$7,021,545$4,357,661$22,278,865
89$32,555,910$7,274,762$4,412,804$24,315,339
90$35,782,912$7,537,525$4,466,932$26,552,773
91$39,336,118$7,810,212$4,519,923$29,011,469
92$43,248,705$8,093,216$4,571,644$31,713,792
93$47,557,236$8,386,947$4,621,957$34,684,385
94$52,301,998$8,691,831$4,670,716$37,950,397
95$57,527,385$9,008,313$4,717,768$41,541,740
96$63,282,314$9,336,856$4,762,949$45,491,369
97$69,620,690$9,677,943$4,806,088$49,835,594
98$76,601,914$10,032,075$4,847,005$54,614,424
99$84,291,440$10,399,778$4,885,511$59,871,939
100$92,761,395$10,781,595$4,921,404$65,656,707