Can I retire at age 63 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$236,176$234,072$232,020$230,017$228,060$220,056
2 years$116,919$114,741$112,631$110,585$108,600$100,620
3 years$77,172$74,985$72,880$70,853$68,900$61,195
4 years$57,302$55,122$53,038$51,045$49,140$41,769
5 years$45,383$43,216$41,159$39,208$37,356$30,337
6 years$37,440$35,289$33,263$31,355$29,558$22,899
7 years$31,769$29,636$27,642$25,779$24,039$17,736
8 years$27,517$25,403$23,442$21,625$19,943$13,992
9 years$24,212$22,118$20,191$18,420$16,794$11,188
10 years$21,569$19,496$17,603$15,878$14,310$9,039
11 years$19,408$17,356$15,497$13,819$12,307$7,360
12 years$17,609$15,578$13,753$12,121$10,665$6,031
13 years$16,088$14,078$12,288$10,701$9,300$4,966
14 years$14,785$12,796$11,041$9,499$8,152$4,106
15 years$13,657$11,690$9,968$8,471$7,178$3,405
16 years$12,671$10,725$9,038$7,585$6,344$2,832
17 years$11,802$9,878$8,224$6,815$5,625$2,360
18 years$11,030$9,127$7,507$6,142$5,001$1,970
19 years$10,340$8,459$6,873$5,550$4,458$1,648
20 years$9,720$7,861$6,307$5,026$3,982$1,379
21 years$9,160$7,322$5,802$4,562$3,563$1,156
22 years$8,651$6,835$5,347$4,148$3,194$970
23 years$8,188$6,392$4,937$3,777$2,867$814
24 years$7,763$5,989$4,566$3,445$2,577$683
25 years$7,374$5,621$4,229$3,146$2,319$574
26 years$7,014$5,282$3,922$2,877$2,089$483
27 years$6,682$4,971$3,642$2,633$1,883$406
28 years$6,374$4,684$3,386$2,413$1,699$341
29 years$6,088$4,419$3,151$2,212$1,534$287
30 years$5,822$4,174$2,935$2,030$1,386$242
31 years$5,573$3,945$2,736$1,865$1,253$203
32 years$5,340$3,733$2,553$1,714$1,134$171
33 years$5,122$3,535$2,384$1,576$1,026$144
34 years$4,917$3,351$2,227$1,450$929$121
35 years$4,724$3,178$2,082$1,335$841$102
36 years$4,542$3,016$1,948$1,229$762$86
37 years$4,371$2,865$1,823$1,133$691$73
38 years$4,209$2,723$1,707$1,044$626$61
39 years$4,055$2,589$1,599$963$568$51
40 years$3,910$2,463$1,499$888$515$43
41 years$3,772$2,345$1,406$819$467$36
42 years$3,641$2,233$1,319$756$424$31
43 years$3,517$2,128$1,237$698$385$26
44 years$3,398$2,028$1,162$644$349$22
45 years$3,285$1,934$1,091$595$317$18
46 years$3,177$1,845$1,024$550$288$15
47 years$3,075$1,761$962$508$262$13
48 years$2,976$1,681$904$469$238$11
49 years$2,882$1,605$850$434$216$9
50 years$2,792$1,533$799$401$196$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,860,000, adding $5,272 every year, while hoping to spend $35,739 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: 42/36/22 Blend
62$2,860,000$2,860,000$2,860,000$2,860,000
63$3,157,158$3,005,578$2,961,248$3,269,216
64$3,441,162$3,114,825$3,022,424$3,458,779
65$3,752,937$3,228,228$3,084,451$3,660,090
66$4,095,277$3,345,952$3,147,321$3,877,375
67$4,471,261$3,468,170$3,211,022$4,112,120
68$4,884,282$3,595,061$3,275,543$4,365,961
69$5,338,074$3,726,815$3,340,869$4,640,695
70$5,836,754$3,863,626$3,406,985$4,938,297
71$6,384,857$4,005,697$3,473,873$5,260,939
72$6,987,378$4,153,242$3,541,514$5,611,009
73$7,649,821$4,306,481$3,609,885$5,991,133
74$8,378,250$4,465,646$3,678,963$6,404,200
75$9,179,345$4,630,977$3,748,722$6,853,386
76$10,060,467$4,802,723$3,819,133$7,342,187
77$11,029,726$4,981,148$3,890,165$7,874,447
78$12,096,057$5,166,522$3,961,784$8,454,398
79$13,269,304$5,359,131$4,033,953$9,086,695
80$14,560,315$5,559,271$4,106,632$9,776,462
81$15,981,041$5,767,249$4,179,779$10,529,337
82$17,544,652$5,983,390$4,253,347$11,351,527
83$19,265,659$6,208,027$4,327,286$12,249,863
84$21,160,048$6,441,513$4,401,542$13,231,866
85$23,245,439$6,684,213$4,476,059$14,305,815
86$25,541,241$6,936,507$4,550,775$15,480,825
87$28,068,846$7,198,794$4,625,624$16,766,930
88$30,851,821$7,471,488$4,700,536$18,175,182
89$33,916,139$7,755,023$4,775,436$19,717,746
90$37,290,417$8,049,850$4,850,244$21,408,020
91$41,006,187$8,356,441$4,924,875$23,260,760
92$45,098,199$8,675,288$4,999,240$25,292,212
93$49,604,742$9,006,903$5,073,241$27,520,271
94$54,568,008$9,351,824$5,146,776$29,964,644
95$60,034,490$9,710,608$5,219,738$32,647,037
96$66,055,420$10,083,840$5,292,011$35,591,357
97$72,687,253$10,472,128$5,363,474$38,823,936
98$79,992,200$10,876,110$5,433,998$42,373,778
99$88,038,814$11,296,448$5,503,446$46,272,833
100$96,902,635$11,733,837$5,571,674$50,556,293