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

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$235,350$233,254$231,209$229,212$227,263$219,112
2 years$116,510$114,340$112,237$110,198$108,220$100,097
3 years$76,902$74,723$72,625$70,605$68,660$60,819
4 years$57,102$54,929$52,852$50,867$48,969$41,470
5 years$45,225$43,065$41,016$39,071$37,225$30,089
6 years$37,309$35,166$33,147$31,245$29,455$22,686
7 years$31,657$29,532$27,545$25,688$23,955$17,551
8 years$27,421$25,315$23,360$21,549$19,873$13,830
9 years$24,127$22,041$20,120$18,355$16,736$11,045
10 years$21,494$19,428$17,541$15,822$14,260$8,912
11 years$19,341$17,296$15,443$13,770$12,264$7,247
12 years$17,548$15,524$13,705$12,078$10,628$5,930
13 years$16,032$14,029$12,245$10,663$9,267$4,877
14 years$14,733$12,752$11,002$9,466$8,124$4,026
15 years$13,609$11,649$9,933$8,442$7,153$3,335
16 years$12,627$10,688$9,006$7,559$6,322$2,769
17 years$11,760$9,843$8,195$6,791$5,605$2,304
18 years$10,991$9,095$7,481$6,120$4,984$1,921
19 years$10,304$8,429$6,849$5,530$4,442$1,604
20 years$9,686$7,833$6,285$5,009$3,968$1,341
21 years$9,128$7,296$5,781$4,546$3,551$1,122
22 years$8,621$6,811$5,328$4,133$3,183$939
23 years$8,159$6,370$4,920$3,764$2,857$787
24 years$7,736$5,968$4,550$3,433$2,568$660
25 years$7,348$5,601$4,214$3,135$2,311$554
26 years$6,990$5,264$3,908$2,867$2,082$465
27 years$6,659$4,954$3,629$2,624$1,877$390
28 years$6,352$4,668$3,374$2,404$1,693$328
29 years$6,067$4,404$3,140$2,205$1,529$275
30 years$5,801$4,159$2,925$2,023$1,382$231
31 years$5,553$3,932$2,726$1,858$1,249$194
32 years$5,321$3,720$2,544$1,708$1,130$163
33 years$5,104$3,523$2,375$1,570$1,023$137
34 years$4,900$3,339$2,219$1,445$926$115
35 years$4,708$3,167$2,075$1,330$839$97
36 years$4,526$3,006$1,941$1,225$760$82
37 years$4,356$2,855$1,817$1,129$689$69
38 years$4,194$2,713$1,701$1,040$624$58
39 years$4,041$2,580$1,594$959$566$48
40 years$3,896$2,455$1,494$885$513$41
41 years$3,759$2,337$1,401$816$466$34
42 years$3,628$2,225$1,314$753$423$29
43 years$3,504$2,120$1,233$695$384$24
44 years$3,386$2,021$1,157$642$348$20
45 years$3,274$1,927$1,087$593$316$17
46 years$3,166$1,839$1,021$548$287$14
47 years$3,064$1,755$959$506$261$12
48 years$2,966$1,675$901$468$237$10
49 years$2,872$1,599$847$432$215$9
50 years$2,783$1,528$796$399$195$7

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 $2,252 every year, while hoping to spend $38,308 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: 48/46/6 Blend
62$2,850,000$2,850,000$2,850,000$2,850,000
63$3,143,023$2,991,973$2,947,798$3,288,902
64$3,422,852$3,097,820$3,005,790$3,494,759
65$3,729,939$3,207,570$3,064,440$3,713,886
66$4,067,026$3,321,373$3,123,731$3,950,880
67$4,437,128$3,439,387$3,183,643$4,207,411
68$4,843,573$3,561,774$3,244,152$4,485,316
69$5,290,021$3,688,704$3,305,234$4,786,613
70$5,780,507$3,820,355$3,366,864$5,113,519
71$6,319,476$3,956,910$3,429,012$5,468,474
72$6,911,826$4,098,562$3,491,646$5,854,156
73$7,562,949$4,245,508$3,554,734$6,273,515
74$8,278,790$4,397,958$3,618,237$6,729,792
75$9,065,895$4,556,127$3,682,117$7,226,552
76$9,931,479$4,720,240$3,746,331$7,767,717
77$10,883,491$4,890,532$3,810,833$8,357,602
78$11,930,685$5,067,247$3,875,575$9,000,954
79$13,082,712$5,250,639$3,940,503$9,702,996
80$14,350,201$5,440,972$4,005,563$10,469,475
81$15,744,865$5,638,524$4,070,692$11,306,717
82$17,279,609$5,843,579$4,135,829$12,221,682
83$18,968,654$6,056,439$4,200,903$13,222,032
84$20,827,666$6,277,414$4,265,844$14,316,202
85$22,873,911$6,506,830$4,330,572$15,513,475
86$25,126,410$6,745,025$4,395,006$16,824,072
87$27,606,123$6,992,351$4,459,058$18,259,245
88$30,336,147$7,249,176$4,522,636$19,831,382
89$33,341,931$7,515,882$4,585,641$21,554,123
90$36,651,517$7,792,869$4,647,969$23,442,489
91$40,295,805$8,080,553$4,709,510$25,513,018
92$44,308,844$8,379,367$4,770,145$27,783,923
93$48,728,154$8,689,764$4,829,753$30,275,261
94$53,595,077$9,012,213$4,888,201$33,009,120
95$58,955,171$9,347,208$4,945,351$36,009,826
96$64,858,636$9,695,259$5,001,058$39,304,173
97$71,360,791$10,056,900$5,055,168$42,921,670
98$78,522,593$10,432,690$5,107,517$46,894,818
99$86,411,213$10,823,207$5,157,934$51,259,420
100$95,100,670$11,229,058$5,206,239$56,054,910