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%16.3%
1 years$236,176$234,072$232,020$230,017$228,060$222,187
2 years$116,919$114,741$112,631$110,585$108,600$102,721
3 years$77,172$74,985$72,880$70,853$68,900$63,201
4 years$57,302$55,122$53,038$51,045$49,140$43,664
5 years$45,383$43,216$41,159$39,208$37,356$32,117
6 years$37,440$35,289$33,263$31,355$29,558$24,563
7 years$31,769$29,636$27,642$25,779$24,039$19,287
8 years$27,517$25,403$23,442$21,625$19,943$15,432
9 years$24,212$22,118$20,191$18,420$16,794$12,521
10 years$21,569$19,496$17,603$15,878$14,310$10,269
11 years$19,408$17,356$15,497$13,819$12,307$8,492
12 years$17,609$15,578$13,753$12,121$10,665$7,070
13 years$16,088$14,078$12,288$10,701$9,300$5,917
14 years$14,785$12,796$11,041$9,499$8,152$4,974
15 years$13,657$11,690$9,968$8,471$7,178$4,196
16 years$12,671$10,725$9,038$7,585$6,344$3,550
17 years$11,802$9,878$8,224$6,815$5,625$3,011
18 years$11,030$9,127$7,507$6,142$5,001$2,559
19 years$10,340$8,459$6,873$5,550$4,458$2,179
20 years$9,720$7,861$6,307$5,026$3,982$1,858
21 years$9,160$7,322$5,802$4,562$3,563$1,586
22 years$8,651$6,835$5,347$4,148$3,194$1,356
23 years$8,188$6,392$4,937$3,777$2,867$1,159
24 years$7,763$5,989$4,566$3,445$2,577$993
25 years$7,374$5,621$4,229$3,146$2,319$850
26 years$7,014$5,282$3,922$2,877$2,089$729
27 years$6,682$4,971$3,642$2,633$1,883$625
28 years$6,374$4,684$3,386$2,413$1,699$536
29 years$6,088$4,419$3,151$2,212$1,534$460
30 years$5,822$4,174$2,935$2,030$1,386$395
31 years$5,573$3,945$2,736$1,865$1,253$339
32 years$5,340$3,733$2,553$1,714$1,134$291
33 years$5,122$3,535$2,384$1,576$1,026$250
34 years$4,917$3,351$2,227$1,450$929$215
35 years$4,724$3,178$2,082$1,335$841$184
36 years$4,542$3,016$1,948$1,229$762$158
37 years$4,371$2,865$1,823$1,133$691$136
38 years$4,209$2,723$1,707$1,044$626$117
39 years$4,055$2,589$1,599$963$568$101
40 years$3,910$2,463$1,499$888$515$86
41 years$3,772$2,345$1,406$819$467$74
42 years$3,641$2,233$1,319$756$424$64
43 years$3,517$2,128$1,237$698$385$55
44 years$3,398$2,028$1,162$644$349$47
45 years$3,285$1,934$1,091$595$317$41
46 years$3,177$1,845$1,024$550$288$35
47 years$3,075$1,761$962$508$262$30
48 years$2,976$1,681$904$469$238$26
49 years$2,882$1,605$850$434$216$22
50 years$2,792$1,533$799$401$196$19

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 $6,397 every year, while hoping to spend $59,797 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: 71/22/7 Blend
62$2,860,000$2,860,000$2,860,000$2,860,000
63$3,158,319$3,006,739$2,962,409$3,378,778
64$3,416,843$3,090,445$2,998,026$3,608,954
65$3,699,734$3,176,249$3,032,832$3,852,785
66$4,009,412$3,264,191$3,066,737$4,118,008
67$4,348,544$3,354,309$3,099,645$4,406,713
68$4,720,069$3,446,643$3,131,456$4,721,199
69$5,127,220$3,541,232$3,162,064$5,064,000
70$5,573,561$3,638,117$3,191,357$5,437,904
71$6,063,014$3,737,334$3,219,218$5,845,982
72$6,599,901$3,838,924$3,245,521$6,291,614
73$7,188,982$3,942,922$3,270,138$6,778,524
74$7,835,500$4,049,367$3,292,929$7,310,814
75$8,545,230$4,158,295$3,313,751$7,892,999
76$9,324,534$4,269,742$3,332,452$8,530,055
77$10,180,418$4,383,741$3,348,871$9,227,462
78$11,120,604$4,500,327$3,362,841$9,991,255
79$12,153,594$4,619,533$3,374,186$10,828,083
80$13,288,759$4,741,387$3,382,719$11,745,271
81$14,536,418$4,865,921$3,388,246$12,750,886
82$15,907,943$4,993,162$3,390,562$13,853,817
83$17,415,861$5,123,135$3,389,454$15,063,857
84$19,073,975$5,255,864$3,384,696$16,391,794
85$20,897,488$5,391,369$3,376,052$17,849,513
86$22,903,157$5,529,671$3,363,274$19,450,110
87$25,109,438$5,670,785$3,346,103$21,208,011
88$27,536,671$5,814,722$3,324,267$23,139,115
89$30,207,262$5,961,495$3,297,481$25,260,934
90$33,145,901$6,111,107$3,265,446$27,592,766
91$36,379,794$6,263,561$3,227,848$30,155,876
92$39,938,913$6,418,856$3,184,361$32,973,690
93$43,856,286$6,576,984$3,134,641$36,072,026
94$48,168,304$6,737,934$3,078,329$39,479,327
95$52,915,067$6,901,688$3,015,049$43,226,937
96$58,140,758$7,068,225$2,944,407$47,349,394
97$63,894,063$7,237,515$2,865,992$51,884,753
98$70,228,627$7,409,524$2,779,373$56,874,949
99$77,203,565$7,584,208$2,684,100$62,366,193
100$84,884,012$7,761,517$2,579,700$68,409,403