Can I retire at age 63 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$232,047$229,980$227,964$225,995$224,073$222,289
2 years$114,875$112,735$110,662$108,652$106,702$104,903
3 years$75,822$73,674$71,606$69,614$67,696$65,938
4 years$56,300$54,158$52,111$50,153$48,281$46,579
5 years$44,590$42,461$40,440$38,522$36,703$35,060
6 years$36,785$34,672$32,681$30,807$29,042$27,461
7 years$31,213$29,118$27,158$25,328$23,619$22,101
8 years$27,036$24,959$23,033$21,247$19,594$18,139
9 years$23,788$21,732$19,838$18,098$16,501$15,108
10 years$21,192$19,155$17,295$15,600$14,060$12,728
11 years$19,069$17,053$15,226$13,577$12,092$10,821
12 years$17,301$15,306$13,513$11,909$10,478$9,267
13 years$15,807$13,832$12,073$10,514$9,137$7,984
14 years$14,527$12,573$10,848$9,333$8,010$6,913
15 years$13,418$11,485$9,794$8,323$7,052$6,011
16 years$12,449$10,538$8,880$7,453$6,233$5,245
17 years$11,595$9,705$8,080$6,696$5,527$4,590
18 years$10,837$8,968$7,376$6,035$4,914$4,028
19 years$10,159$8,311$6,752$5,453$4,380$3,542
20 years$9,550$7,723$6,197$4,938$3,912$3,121
21 years$9,000$7,194$5,700$4,482$3,501$2,755
22 years$8,500$6,715$5,254$4,075$3,138$2,435
23 years$8,045$6,281$4,851$3,711$2,817$2,155
24 years$7,628$5,884$4,486$3,385$2,532$1,909
25 years$7,245$5,522$4,155$3,091$2,278$1,693
26 years$6,892$5,190$3,854$2,827$2,052$1,503
27 years$6,565$4,884$3,578$2,587$1,850$1,335
28 years$6,263$4,603$3,327$2,370$1,670$1,187
29 years$5,982$4,342$3,096$2,174$1,508$1,055
30 years$5,720$4,101$2,883$1,995$1,362$939
31 years$5,475$3,876$2,688$1,832$1,232$836
32 years$5,247$3,668$2,508$1,684$1,114$745
33 years$5,032$3,474$2,342$1,548$1,008$663
34 years$4,831$3,292$2,188$1,425$913$591
35 years$4,641$3,123$2,046$1,312$827$527
36 years$4,463$2,964$1,914$1,208$749$470
37 years$4,294$2,815$1,791$1,113$679$419
38 years$4,135$2,675$1,677$1,026$616$374
39 years$3,985$2,544$1,572$946$558$334
40 years$3,842$2,420$1,473$872$506$298
41 years$3,706$2,304$1,381$805$459$266
42 years$3,578$2,194$1,296$743$417$237
43 years$3,455$2,090$1,216$686$378$212
44 years$3,339$1,993$1,141$633$343$189
45 years$3,228$1,900$1,072$585$312$169
46 years$3,122$1,813$1,006$540$283$151
47 years$3,021$1,730$946$499$257$135
48 years$2,924$1,651$889$461$233$120
49 years$2,832$1,577$835$426$212$108
50 years$2,744$1,506$785$394$193$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,810,000, adding $3,792 every year, while hoping to spend $57,293 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: 42/30/28 Blend
62$2,810,000$2,810,000$2,810,000$2,810,000
63$3,100,531$2,951,601$2,908,046$3,205,188
64$3,355,826$3,035,271$2,944,507$3,364,571
65$3,635,241$3,121,119$2,980,268$3,531,389
66$3,941,175$3,209,194$3,015,247$3,710,960
67$4,276,272$3,299,541$3,049,354$3,904,495
68$4,643,441$3,392,208$3,082,497$4,113,329
69$5,045,887$3,487,241$3,114,576$4,338,933
70$5,487,141$3,584,689$3,145,487$4,582,925
71$5,971,089$3,684,599$3,175,121$4,847,088
72$6,502,015$3,787,019$3,203,362$5,133,384
73$7,084,634$3,891,996$3,230,088$5,443,979
74$7,724,141$3,999,579$3,255,171$5,781,253
75$8,426,260$4,109,815$3,278,476$6,147,832
76$9,197,294$4,222,751$3,299,860$6,546,608
77$10,044,188$4,338,435$3,319,175$6,980,765
78$10,974,590$4,456,914$3,336,263$7,453,816
79$11,996,930$4,578,235$3,350,959$7,969,626
80$13,120,491$4,702,442$3,363,090$8,532,458
81$14,355,501$4,829,581$3,372,473$9,147,007
82$15,713,228$4,959,697$3,378,918$9,818,448
83$17,206,088$5,092,833$3,382,222$10,552,482
84$18,847,758$5,229,031$3,382,176$11,355,392
85$20,653,308$5,368,332$3,378,557$12,234,103
86$22,639,341$5,510,776$3,371,135$13,196,244
87$24,824,151$5,656,401$3,359,664$14,250,224
88$27,227,892$5,805,242$3,343,891$15,405,310
89$29,872,773$5,957,335$3,323,547$16,671,713
90$32,783,262$6,112,711$3,298,352$18,060,689
91$35,986,320$6,271,399$3,268,012$19,584,640
92$39,511,654$6,433,427$3,232,220$21,257,234
93$43,391,996$6,598,818$3,190,652$23,093,538
94$47,663,412$6,767,593$3,142,972$25,110,152
95$52,365,644$6,939,769$3,088,826$27,325,374
96$57,542,482$7,115,359$3,027,843$29,759,368
97$63,242,176$7,294,373$2,959,637$32,434,360
98$69,517,896$7,476,815$2,883,803$35,374,841
99$76,428,227$7,662,685$2,799,916$38,607,806
100$84,037,727$7,851,977$2,707,533$42,163,004