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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$237,002$234,891$232,831$230,821$228,858$223,325
2 years$117,328$115,143$113,025$110,972$108,980$103,439
3 years$77,441$75,247$73,135$71,101$69,141$63,766
4 years$57,502$55,314$53,223$51,224$49,312$44,143
5 years$45,542$43,367$41,303$39,345$37,486$32,538
6 years$37,571$35,413$33,379$31,464$29,662$24,939
7 years$31,880$29,739$27,738$25,869$24,123$19,627
8 years$27,613$25,492$23,524$21,701$20,012$15,741
9 years$24,296$22,196$20,261$18,484$16,853$12,803
10 years$21,645$19,564$17,664$15,933$14,360$10,526
11 years$19,476$17,417$15,551$13,867$12,350$8,727
12 years$17,671$15,632$13,802$12,163$10,702$7,284
13 years$16,144$14,127$12,331$10,738$9,332$6,113
14 years$14,837$12,841$11,079$9,532$8,181$5,152
15 years$13,705$11,731$10,003$8,501$7,203$4,359
16 years$12,715$10,763$9,069$7,612$6,366$3,699
17 years$11,843$9,912$8,253$6,839$5,645$3,146
18 years$11,068$9,159$7,534$6,163$5,019$2,682
19 years$10,376$8,489$6,897$5,569$4,473$2,290
20 years$9,754$7,888$6,329$5,044$3,996$1,959
21 years$9,192$7,347$5,822$4,578$3,576$1,677
22 years$8,682$6,859$5,366$4,162$3,205$1,438
23 years$8,216$6,415$4,954$3,791$2,877$1,234
24 years$7,791$6,010$4,582$3,457$2,586$1,060
25 years$7,399$5,640$4,244$3,157$2,327$910
26 years$7,039$5,301$3,936$2,887$2,096$783
27 years$6,706$4,989$3,655$2,642$1,890$673
28 years$6,397$4,701$3,398$2,421$1,705$579
29 years$6,110$4,435$3,162$2,220$1,540$499
30 years$5,842$4,188$2,945$2,038$1,391$430
31 years$5,592$3,959$2,746$1,871$1,258$370
32 years$5,359$3,746$2,562$1,720$1,138$319
33 years$5,140$3,548$2,392$1,581$1,030$275
34 years$4,934$3,362$2,235$1,455$932$237
35 years$4,741$3,189$2,089$1,340$844$204
36 years$4,558$3,027$1,955$1,234$765$176
37 years$4,386$2,875$1,829$1,137$693$152
38 years$4,224$2,732$1,713$1,048$629$131
39 years$4,070$2,598$1,605$966$570$113
40 years$3,924$2,472$1,504$891$517$97
41 years$3,785$2,353$1,411$822$469$84
42 years$3,654$2,241$1,323$759$426$72
43 years$3,529$2,135$1,242$700$386$62
44 years$3,410$2,035$1,166$647$351$54
45 years$3,297$1,941$1,094$597$318$46
46 years$3,188$1,851$1,028$552$289$40
47 years$3,085$1,767$966$510$262$35
48 years$2,987$1,687$907$471$238$30
49 years$2,892$1,611$853$435$216$26
50 years$2,802$1,539$802$402$197$22

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 $6,339 every year, while hoping to spend $44,643 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: 36/42/22 Blend
62$2,870,000$2,870,000$2,870,000$2,870,000
63$3,169,279$3,017,169$2,972,684$3,262,097
64$3,445,045$3,117,510$3,024,769$3,431,044
65$3,747,444$3,221,272$3,077,102$3,608,723
66$4,079,144$3,328,575$3,129,646$3,799,637
67$4,443,085$3,439,544$3,182,358$4,004,999
68$4,842,506$3,554,308$3,235,193$4,226,139
69$5,280,974$3,673,001$3,288,105$4,464,523
70$5,762,419$3,795,764$3,341,042$4,721,757
71$6,291,169$3,922,739$3,393,950$4,999,612
72$6,871,992$4,054,078$3,446,771$5,300,031
73$7,510,142$4,189,934$3,499,444$5,625,154
74$8,211,405$4,330,469$3,551,904$5,977,332
75$8,982,156$4,475,850$3,604,081$6,359,152
76$9,829,420$4,626,251$3,655,901$6,773,460
77$10,760,933$4,781,850$3,707,287$7,223,388
78$11,785,222$4,942,834$3,758,154$7,712,380
79$12,911,678$5,109,396$3,808,416$8,244,230
80$14,150,650$5,281,738$3,857,979$8,823,108
81$15,513,540$5,460,067$3,906,745$9,453,609
82$17,012,910$5,644,598$3,954,610$10,140,787
83$18,662,601$5,835,557$4,001,463$10,890,207
84$20,477,862$6,033,176$4,047,188$11,707,995
85$22,475,498$6,237,696$4,091,663$12,600,897
86$24,674,024$6,449,368$4,134,758$13,576,339
87$27,093,838$6,668,451$4,176,337$14,642,496
88$29,757,421$6,895,216$4,216,255$15,808,374
89$32,689,539$7,129,942$4,254,361$17,083,888
90$35,917,484$7,372,922$4,290,494$18,479,956
91$39,471,328$7,624,456$4,324,486$20,008,603
92$43,384,208$7,884,858$4,356,161$21,683,074
93$47,692,635$8,154,455$4,385,331$23,517,956
94$52,436,845$8,433,584$4,411,800$25,529,313
95$57,661,170$8,722,596$4,435,362$27,734,843
96$63,414,462$9,021,857$4,455,800$30,154,038
97$69,750,554$9,331,744$4,472,886$32,808,368
98$76,728,764$9,652,653$4,486,381$35,721,487
99$84,414,456$9,984,991$4,496,032$38,919,448
100$92,879,658$10,329,183$4,501,577$42,430,955