Can I retire at age 63 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$235,350$233,254$231,209$229,212$227,263$223,867
2 years$116,510$114,340$112,237$110,198$108,220$104,807
3 years$76,902$74,723$72,625$70,605$68,660$65,334
4 years$57,102$54,929$52,852$50,867$48,969$45,757
5 years$45,225$43,065$41,016$39,071$37,225$34,137
6 years$37,309$35,166$33,147$31,245$29,455$26,494
7 years$31,657$29,532$27,545$25,688$23,955$21,122
8 years$27,421$25,315$23,360$21,549$19,873$17,167
9 years$24,127$22,041$20,120$18,355$16,736$14,156
10 years$21,494$19,428$17,541$15,822$14,260$11,804
11 years$19,341$17,296$15,443$13,770$12,264$9,930
12 years$17,548$15,524$13,705$12,078$10,628$8,413
13 years$16,032$14,029$12,245$10,663$9,267$7,169
14 years$14,733$12,752$11,002$9,466$8,124$6,137
15 years$13,609$11,649$9,933$8,442$7,153$5,275
16 years$12,627$10,688$9,006$7,559$6,322$4,549
17 years$11,760$9,843$8,195$6,791$5,605$3,934
18 years$10,991$9,095$7,481$6,120$4,984$3,411
19 years$10,304$8,429$6,849$5,530$4,442$2,963
20 years$9,686$7,833$6,285$5,009$3,968$2,578
21 years$9,128$7,296$5,781$4,546$3,551$2,246
22 years$8,621$6,811$5,328$4,133$3,183$1,960
23 years$8,159$6,370$4,920$3,764$2,857$1,712
24 years$7,736$5,968$4,550$3,433$2,568$1,497
25 years$7,348$5,601$4,214$3,135$2,311$1,310
26 years$6,990$5,264$3,908$2,867$2,082$1,148
27 years$6,659$4,954$3,629$2,624$1,877$1,006
28 years$6,352$4,668$3,374$2,404$1,693$882
29 years$6,067$4,404$3,140$2,205$1,529$773
30 years$5,801$4,159$2,925$2,023$1,382$679
31 years$5,553$3,932$2,726$1,858$1,249$596
32 years$5,321$3,720$2,544$1,708$1,130$523
33 years$5,104$3,523$2,375$1,570$1,023$460
34 years$4,900$3,339$2,219$1,445$926$404
35 years$4,708$3,167$2,075$1,330$839$355
36 years$4,526$3,006$1,941$1,225$760$312
37 years$4,356$2,855$1,817$1,129$689$274
38 years$4,194$2,713$1,701$1,040$624$241
39 years$4,041$2,580$1,594$959$566$212
40 years$3,896$2,455$1,494$885$513$187
41 years$3,759$2,337$1,401$816$466$164
42 years$3,628$2,225$1,314$753$423$144
43 years$3,504$2,120$1,233$695$384$127
44 years$3,386$2,021$1,157$642$348$112
45 years$3,274$1,927$1,087$593$316$98
46 years$3,166$1,839$1,021$548$287$87
47 years$3,064$1,755$959$506$261$76
48 years$2,966$1,675$901$468$237$67
49 years$2,872$1,599$847$432$215$59
50 years$2,783$1,528$796$399$195$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,850,000, adding $4,327 every year, while hoping to spend $35,771 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: 25/50/25 Blend
62$2,850,000$2,850,000$2,850,000$2,850,000
63$3,145,163$2,994,113$2,949,938$3,198,835
64$3,427,910$3,102,765$3,010,701$3,351,901
65$3,738,298$3,215,541$3,072,301$3,512,550
66$4,079,108$3,332,607$3,134,727$3,684,046
67$4,453,406$3,454,134$3,197,969$3,867,320
68$4,864,567$3,580,299$3,262,014$4,063,393
69$5,316,308$3,711,290$3,326,847$4,273,383
70$5,812,727$3,847,299$3,392,453$4,498,516
71$6,358,337$3,988,528$3,458,811$4,740,136
72$6,958,110$4,135,188$3,525,904$4,999,718
73$7,617,523$4,287,498$3,593,707$5,278,881
74$8,342,611$4,445,686$3,662,197$5,579,401
75$9,140,023$4,609,990$3,731,346$5,903,228
76$10,017,084$4,780,659$3,801,126$6,252,502
77$10,981,867$4,957,951$3,871,504$6,629,575
78$12,043,263$5,142,137$3,942,445$7,037,029
79$13,211,071$5,333,497$4,013,912$7,477,701
80$14,496,087$5,532,324$4,085,864$7,954,710
81$15,910,204$5,738,925$4,158,257$8,471,481
82$17,466,531$5,953,618$4,231,044$9,031,780
83$19,179,507$6,176,735$4,304,175$9,639,748
84$21,065,046$6,408,624$4,377,594$10,299,936
85$23,140,681$6,649,647$4,451,243$11,017,349
86$25,425,731$6,900,180$4,525,060$11,797,491
87$27,941,484$7,160,617$4,598,978$12,646,417
88$30,711,397$7,431,369$4,672,926$13,570,787
89$33,761,317$7,712,864$4,746,827$14,577,926
90$37,119,726$8,005,550$4,820,600$15,675,894
91$40,818,008$8,309,891$4,894,160$16,873,561
92$44,890,745$8,626,376$4,967,414$18,180,685
93$49,376,044$8,955,511$5,040,265$19,608,005
94$54,315,896$9,297,827$5,112,610$21,167,343
95$59,756,573$9,653,876$5,184,338$22,871,708
96$65,749,064$10,024,236$5,255,334$24,735,420
97$72,349,554$10,409,510$5,325,473$26,774,242
98$79,619,958$10,810,325$5,394,626$29,005,528
99$87,628,502$11,227,339$5,462,654$31,448,383
100$96,450,367$11,661,237$5,529,411$34,123,842