Can I retire at age 63 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$237,002$234,891$232,831$230,821$228,858$227,130
2 years$117,328$115,143$113,025$110,972$108,980$107,238
3 years$77,441$75,247$73,135$71,101$69,141$67,439
4 years$57,502$55,314$53,223$51,224$49,312$47,663
5 years$45,542$43,367$41,303$39,345$37,486$35,895
6 years$37,571$35,413$33,379$31,464$29,662$28,130
7 years$31,880$29,739$27,738$25,869$24,123$22,652
8 years$27,613$25,492$23,524$21,701$20,012$18,602
9 years$24,296$22,196$20,261$18,484$16,853$15,503
10 years$21,645$19,564$17,664$15,933$14,360$13,069
11 years$19,476$17,417$15,551$13,867$12,350$11,117
12 years$17,671$15,632$13,802$12,163$10,702$9,527
13 years$16,144$14,127$12,331$10,738$9,332$8,213
14 years$14,837$12,841$11,079$9,532$8,181$7,116
15 years$13,705$11,731$10,003$8,501$7,203$6,191
16 years$12,715$10,763$9,069$7,612$6,366$5,406
17 years$11,843$9,912$8,253$6,839$5,645$4,735
18 years$11,068$9,159$7,534$6,163$5,019$4,158
19 years$10,376$8,489$6,897$5,569$4,473$3,659
20 years$9,754$7,888$6,329$5,044$3,996$3,226
21 years$9,192$7,347$5,822$4,578$3,576$2,849
22 years$8,682$6,859$5,366$4,162$3,205$2,520
23 years$8,216$6,415$4,954$3,791$2,877$2,232
24 years$7,791$6,010$4,582$3,457$2,586$1,979
25 years$7,399$5,640$4,244$3,157$2,327$1,757
26 years$7,039$5,301$3,936$2,887$2,096$1,560
27 years$6,706$4,989$3,655$2,642$1,890$1,387
28 years$6,397$4,701$3,398$2,421$1,705$1,234
29 years$6,110$4,435$3,162$2,220$1,540$1,098
30 years$5,842$4,188$2,945$2,038$1,391$978
31 years$5,592$3,959$2,746$1,871$1,258$872
32 years$5,359$3,746$2,562$1,720$1,138$777
33 years$5,140$3,548$2,392$1,581$1,030$693
34 years$4,934$3,362$2,235$1,455$932$618
35 years$4,741$3,189$2,089$1,340$844$551
36 years$4,558$3,027$1,955$1,234$765$492
37 years$4,386$2,875$1,829$1,137$693$439
38 years$4,224$2,732$1,713$1,048$629$392
39 years$4,070$2,598$1,605$966$570$350
40 years$3,924$2,472$1,504$891$517$313
41 years$3,785$2,353$1,411$822$469$280
42 years$3,654$2,241$1,323$759$426$250
43 years$3,529$2,135$1,242$700$386$223
44 years$3,410$2,035$1,166$647$351$199
45 years$3,297$1,941$1,094$597$318$178
46 years$3,188$1,851$1,028$552$289$159
47 years$3,085$1,767$966$510$262$142
48 years$2,987$1,687$907$471$238$127
49 years$2,892$1,611$853$435$216$114
50 years$2,802$1,539$802$402$197$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,870,000, adding $5,847 every year, while hoping to spend $23,749 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: 69/12/19 Blend
62$2,870,000$2,870,000$2,870,000$2,870,000
63$3,168,771$3,016,661$2,972,176$3,372,341
64$3,466,717$3,139,209$3,046,475$3,631,495
65$3,794,258$3,266,965$3,122,468$3,911,620
66$4,154,386$3,400,161$3,200,184$4,217,550
67$4,550,401$3,539,036$3,279,658$4,551,829
68$4,985,935$3,683,843$3,360,920$4,917,258
69$5,464,993$3,834,844$3,444,004$5,316,922
70$5,991,986$3,992,314$3,528,941$5,754,214
71$6,571,773$4,156,542$3,615,765$6,232,874
72$7,209,709$4,327,828$3,704,509$6,757,017
73$7,911,695$4,506,487$3,795,205$7,331,177
74$8,684,231$4,692,848$3,887,887$7,960,343
75$9,534,480$4,887,255$3,982,589$8,650,014
76$10,470,335$5,090,069$4,079,344$9,406,241
77$11,500,493$5,301,665$4,178,186$10,235,692
78$12,634,535$5,522,439$4,279,147$11,145,710
79$13,883,021$5,752,802$4,382,262$12,144,382
80$15,257,585$5,993,185$4,487,563$13,240,614
81$16,771,047$6,244,040$4,595,085$14,444,220
82$18,437,534$6,505,837$4,704,860$15,766,006
83$20,272,611$6,779,072$4,816,922$17,217,876
84$22,293,432$7,064,261$4,931,303$18,812,946
85$24,518,896$7,361,944$5,048,036$20,565,661
86$26,969,830$7,672,686$5,167,152$22,491,936
87$29,669,185$7,997,080$5,288,684$24,609,301
88$32,642,250$8,335,745$5,412,663$26,937,071
89$35,916,893$8,689,329$5,539,120$29,496,522
90$39,523,820$9,058,511$5,668,085$32,311,097
91$43,496,871$9,443,999$5,799,587$35,406,621
92$47,873,334$9,846,538$5,933,656$38,811,546
93$52,694,300$10,266,904$6,070,319$42,557,220
94$58,005,048$10,705,911$6,209,604$46,678,181
95$63,855,474$11,164,412$6,351,536$51,212,481
96$70,300,561$11,643,297$6,496,142$56,202,046
97$77,400,900$12,143,500$6,643,444$61,693,070
98$85,223,258$12,665,998$6,793,466$67,736,449
99$93,841,213$13,211,814$6,946,229$74,388,263
100$103,335,841$13,782,018$7,101,753$81,710,300