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%12.3%
1 years$235,350$233,254$231,209$229,212$227,263$225,077
2 years$116,510$114,340$112,237$110,198$108,220$106,018
3 years$76,902$74,723$72,625$70,605$68,660$66,510
4 years$57,102$54,929$52,852$50,867$48,969$46,887
5 years$45,225$43,065$41,016$39,071$37,225$35,219
6 years$37,309$35,166$33,147$31,245$29,455$27,526
7 years$31,657$29,532$27,545$25,688$23,955$22,104
8 years$27,421$25,315$23,360$21,549$19,873$18,100
9 years$24,127$22,041$20,120$18,355$16,736$15,041
10 years$21,494$19,428$17,541$15,822$14,260$12,641
11 years$19,341$17,296$15,443$13,770$12,264$10,720
12 years$17,548$15,524$13,705$12,078$10,628$9,158
13 years$16,032$14,029$12,245$10,663$9,267$7,870
14 years$14,733$12,752$11,002$9,466$8,124$6,796
15 years$13,609$11,649$9,933$8,442$7,153$5,893
16 years$12,627$10,688$9,006$7,559$6,322$5,128
17 years$11,760$9,843$8,195$6,791$5,605$4,476
18 years$10,991$9,095$7,481$6,120$4,984$3,916
19 years$10,304$8,429$6,849$5,530$4,442$3,434
20 years$9,686$7,833$6,285$5,009$3,968$3,017
21 years$9,128$7,296$5,781$4,546$3,551$2,655
22 years$8,621$6,811$5,328$4,133$3,183$2,339
23 years$8,159$6,370$4,920$3,764$2,857$2,064
24 years$7,736$5,968$4,550$3,433$2,568$1,823
25 years$7,348$5,601$4,214$3,135$2,311$1,612
26 years$6,990$5,264$3,908$2,867$2,082$1,426
27 years$6,659$4,954$3,629$2,624$1,877$1,263
28 years$6,352$4,668$3,374$2,404$1,693$1,119
29 years$6,067$4,404$3,140$2,205$1,529$992
30 years$5,801$4,159$2,925$2,023$1,382$880
31 years$5,553$3,932$2,726$1,858$1,249$781
32 years$5,321$3,720$2,544$1,708$1,130$693
33 years$5,104$3,523$2,375$1,570$1,023$616
34 years$4,900$3,339$2,219$1,445$926$547
35 years$4,708$3,167$2,075$1,330$839$486
36 years$4,526$3,006$1,941$1,225$760$432
37 years$4,356$2,855$1,817$1,129$689$384
38 years$4,194$2,713$1,701$1,040$624$341
39 years$4,041$2,580$1,594$959$566$304
40 years$3,896$2,455$1,494$885$513$270
41 years$3,759$2,337$1,401$816$466$240
42 years$3,628$2,225$1,314$753$423$214
43 years$3,504$2,120$1,233$695$384$190
44 years$3,386$2,021$1,157$642$348$169
45 years$3,274$1,927$1,087$593$316$150
46 years$3,166$1,839$1,021$548$287$134
47 years$3,064$1,755$959$506$261$119
48 years$2,966$1,675$901$468$237$106
49 years$2,872$1,599$847$432$215$94
50 years$2,783$1,528$796$399$195$84

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 $6,602 every year, while hoping to spend $23,193 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: 87/7/6 Blend
62$2,850,000$2,850,000$2,850,000$2,850,000
63$3,147,510$2,996,460$2,952,285$3,420,104
64$3,443,879$3,118,609$3,026,509$3,720,782
65$3,769,700$3,245,967$3,102,443$4,047,293
66$4,127,953$3,378,763$3,180,118$4,405,408
67$4,521,921$3,517,239$3,259,569$4,798,294
68$4,955,220$3,661,647$3,340,828$5,229,438
69$5,431,836$3,812,251$3,423,929$5,702,684
70$5,956,159$3,969,327$3,508,907$6,222,263
71$6,533,027$4,133,164$3,595,794$6,792,835
72$7,167,769$4,304,062$3,684,627$7,419,537
73$7,866,259$4,482,339$3,775,440$8,108,023
74$8,634,967$4,668,323$3,868,267$8,864,524
75$9,481,024$4,862,361$3,963,143$9,695,904
76$10,412,285$5,064,813$4,060,105$10,609,722
77$11,437,406$5,276,057$4,159,187$11,614,309
78$12,565,927$5,496,489$4,260,425$12,718,841
79$13,808,357$5,726,523$4,363,855$13,933,426
80$15,176,277$5,966,590$4,469,512$15,269,202
81$16,682,448$6,217,144$4,577,431$16,738,439
82$18,340,931$6,478,657$4,687,649$18,354,655
83$20,167,222$6,751,627$4,800,200$20,132,744
84$22,178,392$7,036,571$4,915,121$22,089,116
85$24,393,257$7,334,031$5,032,446$24,241,849
86$26,832,547$7,644,576$5,152,211$26,610,864
87$29,519,107$7,968,800$5,274,449$29,218,109
88$32,478,109$8,307,325$5,399,197$32,087,765
89$35,737,293$8,660,801$5,526,487$35,246,479
90$39,327,226$9,029,909$5,656,354$38,723,607
91$43,281,591$9,415,363$5,788,830$42,551,498
92$47,637,506$9,817,908$5,923,948$46,765,794
93$52,435,872$10,238,326$6,061,740$51,405,769
94$57,721,760$10,677,433$6,202,237$56,514,697
95$63,544,837$11,136,085$6,345,471$62,140,261
96$69,959,836$11,615,178$6,491,469$68,335,001
97$77,027,067$12,115,650$6,640,261$75,156,812
98$84,812,992$12,638,482$6,791,875$82,669,487
99$93,390,851$13,184,701$6,946,336$90,943,321
100$102,841,350$13,755,383$7,103,670$100,055,770