Can I retire at age 63 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$232,873$230,799$228,775$226,800$224,871$219,346
2 years$115,284$113,137$111,056$109,038$107,081$101,549
3 years$76,092$73,936$71,860$69,862$67,937$62,570
4 years$56,501$54,351$52,296$50,332$48,453$43,293
5 years$44,748$42,612$40,584$38,659$36,833$31,895
6 years$36,916$34,796$32,798$30,916$29,145$24,433
7 years$31,324$29,221$27,255$25,418$23,703$19,217
8 years$27,132$25,048$23,114$21,323$19,664$15,403
9 years$23,873$21,809$19,909$18,162$16,560$12,521
10 years$21,267$19,223$17,357$15,656$14,110$10,288
11 years$19,137$17,113$15,281$13,625$12,135$8,524
12 years$17,363$15,360$13,561$11,951$10,516$7,110
13 years$15,863$13,881$12,116$10,551$9,170$5,963
14 years$14,578$12,618$10,886$9,366$8,038$5,023
15 years$13,466$11,526$9,829$8,353$7,078$4,246
16 years$12,494$10,575$8,911$7,479$6,255$3,600
17 years$11,637$9,739$8,109$6,720$5,546$3,060
18 years$10,876$9,000$7,402$6,056$4,931$2,607
19 years$10,196$8,341$6,777$5,472$4,396$2,225
20 years$9,584$7,751$6,219$4,956$3,926$1,901
21 years$9,032$7,219$5,720$4,498$3,513$1,627
22 years$8,530$6,739$5,272$4,090$3,149$1,393
23 years$8,073$6,303$4,868$3,725$2,827$1,195
24 years$7,655$5,905$4,502$3,397$2,541$1,025
25 years$7,270$5,542$4,170$3,102$2,287$880
26 years$6,916$5,209$3,867$2,837$2,060$756
27 years$6,589$4,902$3,591$2,596$1,857$650
28 years$6,285$4,619$3,338$2,379$1,676$559
29 years$6,003$4,357$3,107$2,181$1,513$481
30 years$5,740$4,115$2,894$2,002$1,367$414
31 years$5,495$3,890$2,698$1,839$1,236$356
32 years$5,265$3,681$2,517$1,690$1,118$306
33 years$5,050$3,486$2,350$1,554$1,012$264
34 years$4,848$3,304$2,196$1,430$916$227
35 years$4,658$3,134$2,053$1,316$830$196
36 years$4,479$2,974$1,921$1,212$752$169
37 years$4,310$2,825$1,798$1,117$681$145
38 years$4,150$2,685$1,683$1,029$618$125
39 years$3,999$2,553$1,577$949$560$108
40 years$3,855$2,429$1,478$875$508$93
41 years$3,719$2,312$1,386$808$461$80
42 years$3,590$2,202$1,300$745$418$69
43 years$3,467$2,098$1,220$688$380$59
44 years$3,351$2,000$1,145$635$345$51
45 years$3,239$1,907$1,075$587$313$44
46 years$3,133$1,819$1,010$542$284$38
47 years$3,032$1,736$949$501$258$33
48 years$2,935$1,657$892$463$234$28
49 years$2,842$1,583$838$428$213$24
50 years$2,753$1,512$788$395$193$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,820,000, adding $6,902 every year, while hoping to spend $33,665 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: 63/18/19 Blend
62$2,820,000$2,820,000$2,820,000$2,820,000
63$3,114,759$2,965,299$2,921,589$3,295,493
64$3,396,646$3,074,780$2,983,643$3,527,464
65$3,706,156$3,188,496$3,046,648$3,776,278
66$4,046,072$3,306,621$3,110,599$4,047,223
67$4,419,460$3,429,334$3,175,492$4,342,460
68$4,829,694$3,556,821$3,241,321$4,664,366
69$5,280,495$3,689,277$3,308,077$5,015,560
70$5,775,961$3,826,907$3,375,753$5,398,922
71$6,320,604$3,969,921$3,444,336$5,817,626
72$6,919,400$4,118,541$3,513,815$6,275,163
73$7,577,827$4,272,997$3,584,176$6,775,378
74$8,301,921$4,433,530$3,655,402$7,322,504
75$9,098,335$4,600,391$3,727,476$7,921,204
76$9,974,395$4,773,841$3,800,377$8,576,610
77$10,938,177$4,954,152$3,874,083$9,294,375
78$11,998,576$5,141,611$3,948,570$10,080,724
79$13,165,394$5,336,513$4,023,810$10,942,514
80$14,449,431$5,539,168$4,099,774$11,887,294
81$15,862,586$5,749,901$4,176,430$12,923,381
82$17,417,971$5,969,048$4,253,742$14,059,936
83$19,130,034$6,196,961$4,331,672$15,307,046
84$21,014,694$6,434,008$4,410,178$16,675,827
85$23,089,490$6,680,572$4,489,217$18,178,518
86$25,373,752$6,937,053$4,568,740$19,828,606
87$27,888,776$7,203,870$4,648,694$21,640,944
88$30,658,030$7,481,459$4,729,024$23,631,898
89$33,707,372$7,770,274$4,809,670$25,819,493
90$37,065,298$8,070,791$4,890,567$28,223,590
91$40,763,205$8,383,506$4,971,648$30,866,068
92$44,835,691$8,708,938$5,052,838$33,771,031
93$49,320,883$9,047,626$5,134,059$36,965,033
94$54,260,790$9,400,138$5,215,227$40,477,334
95$59,701,707$9,767,061$5,296,254$44,340,165
96$65,694,647$10,149,012$5,377,043$48,589,042
97$72,295,822$10,546,635$5,457,496$53,263,093
98$79,567,178$10,960,602$5,537,504$58,405,430
99$87,576,972$11,391,614$5,616,953$64,063,552
100$96,400,426$11,840,405$5,695,723$70,289,797