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%13.4%
1 years$236,176$234,072$232,020$230,017$228,060$224,838
2 years$116,919$114,741$112,631$110,585$108,600$105,360
3 years$77,172$74,985$72,880$70,853$68,900$65,743
4 years$57,302$55,122$53,038$51,045$49,140$46,090
5 years$45,383$43,216$41,159$39,208$37,356$34,421
6 years$37,440$35,289$33,263$31,355$29,558$26,744
7 years$31,769$29,636$27,642$25,779$24,039$21,345
8 years$27,517$25,403$23,442$21,625$19,943$17,368
9 years$24,212$22,118$20,191$18,420$16,794$14,339
10 years$21,569$19,496$17,603$15,878$14,310$11,972
11 years$19,408$17,356$15,497$13,819$12,307$10,083
12 years$17,609$15,578$13,753$12,121$10,665$8,554
13 years$16,088$14,078$12,288$10,701$9,300$7,298
14 years$14,785$12,796$11,041$9,499$8,152$6,257
15 years$13,657$11,690$9,968$8,471$7,178$5,385
16 years$12,671$10,725$9,038$7,585$6,344$4,651
17 years$11,802$9,878$8,224$6,815$5,625$4,028
18 years$11,030$9,127$7,507$6,142$5,001$3,496
19 years$10,340$8,459$6,873$5,550$4,458$3,042
20 years$9,720$7,861$6,307$5,026$3,982$2,651
21 years$9,160$7,322$5,802$4,562$3,563$2,313
22 years$8,651$6,835$5,347$4,148$3,194$2,022
23 years$8,188$6,392$4,937$3,777$2,867$1,769
24 years$7,763$5,989$4,566$3,445$2,577$1,549
25 years$7,374$5,621$4,229$3,146$2,319$1,358
26 years$7,014$5,282$3,922$2,877$2,089$1,191
27 years$6,682$4,971$3,642$2,633$1,883$1,045
28 years$6,374$4,684$3,386$2,413$1,699$918
29 years$6,088$4,419$3,151$2,212$1,534$807
30 years$5,822$4,174$2,935$2,030$1,386$709
31 years$5,573$3,945$2,736$1,865$1,253$624
32 years$5,340$3,733$2,553$1,714$1,134$549
33 years$5,122$3,535$2,384$1,576$1,026$483
34 years$4,917$3,351$2,227$1,450$929$425
35 years$4,724$3,178$2,082$1,335$841$374
36 years$4,542$3,016$1,948$1,229$762$329
37 years$4,371$2,865$1,823$1,133$691$290
38 years$4,209$2,723$1,707$1,044$626$255
39 years$4,055$2,589$1,599$963$568$225
40 years$3,910$2,463$1,499$888$515$198
41 years$3,772$2,345$1,406$819$467$175
42 years$3,641$2,233$1,319$756$424$154
43 years$3,517$2,128$1,237$698$385$136
44 years$3,398$2,028$1,162$644$349$120
45 years$3,285$1,934$1,091$595$317$105
46 years$3,177$1,845$1,024$550$288$93
47 years$3,075$1,761$962$508$262$82
48 years$2,976$1,681$904$469$238$72
49 years$2,882$1,605$850$434$216$64
50 years$2,792$1,533$799$401$196$56

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 $2,576 every year, while hoping to spend $41,572 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: 70/10/20 Blend
62$2,860,000$2,860,000$2,860,000$2,860,000
63$3,154,377$3,002,797$2,958,467$3,359,575
64$3,431,891$3,105,702$3,013,344$3,599,678
65$3,736,319$3,212,256$3,068,665$3,857,242
66$4,070,360$3,322,593$3,124,402$4,138,136
67$4,436,992$3,436,855$3,180,525$4,444,665
68$4,839,490$3,555,187$3,236,998$4,779,366
69$5,281,467$3,677,739$3,293,785$5,145,031
70$5,766,897$3,804,669$3,350,848$5,544,737
71$6,300,164$3,936,141$3,408,145$5,981,873
72$6,886,092$4,072,324$3,465,629$6,460,169
73$7,530,000$4,213,394$3,523,254$6,983,737
74$8,237,744$4,359,534$3,580,967$7,557,103
75$9,015,778$4,510,935$3,638,713$8,185,254
76$9,871,212$4,667,796$3,696,435$8,873,684
77$10,811,878$4,830,320$3,754,068$9,628,444
78$11,846,407$4,998,724$3,811,547$10,456,199
79$12,984,308$5,173,228$3,868,801$11,364,293
80$14,236,055$5,354,064$3,925,753$12,360,817
81$15,613,192$5,541,473$3,982,326$13,454,684
82$17,128,437$5,735,704$4,038,433$14,655,711
83$18,795,801$5,937,017$4,093,984$15,974,719
84$20,630,725$6,145,683$4,148,885$17,423,625
85$22,650,220$6,361,983$4,203,034$19,015,561
86$24,873,032$6,586,209$4,256,324$20,764,996
87$27,319,814$6,818,666$4,308,644$22,687,871
88$30,013,324$7,059,670$4,359,872$24,801,751
89$32,978,639$7,309,550$4,409,884$27,125,988
90$36,243,391$7,568,648$4,458,546$29,681,907
91$39,838,026$7,837,322$4,505,717$32,493,002
92$43,796,096$8,115,942$4,551,249$35,585,163
93$48,154,568$8,404,893$4,594,987$38,986,916
94$52,954,180$8,704,579$4,636,765$42,729,693
95$58,239,819$9,015,416$4,676,409$46,848,129
96$64,060,949$9,337,840$4,713,737$51,380,389
97$70,472,075$9,672,304$4,748,557$56,368,527
98$77,533,259$10,019,279$4,780,666$61,858,881
99$85,310,685$10,379,256$4,809,851$67,902,513
100$93,877,282$10,752,747$4,835,888$74,555,689