Can I retire at age 63 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$237,828$235,709$233,642$231,625$229,655$227,068
2 years$117,736$115,544$113,419$111,358$109,360$106,755
3 years$77,711$75,509$73,389$71,348$69,382$66,841
4 years$57,703$55,507$53,409$51,402$49,484$47,026
5 years$45,701$43,518$41,447$39,482$37,617$35,249
6 years$37,702$35,536$33,496$31,574$29,765$27,490
7 years$31,991$29,843$27,835$25,959$24,207$22,026
8 years$27,709$25,581$23,606$21,776$20,082$17,995
9 years$24,381$22,273$20,332$18,548$16,912$14,918
10 years$21,720$19,632$17,726$15,989$14,410$12,508
11 years$19,544$17,478$15,606$13,915$12,393$10,581
12 years$17,732$15,687$13,850$12,205$10,739$9,016
13 years$16,200$14,176$12,374$10,776$9,365$7,728
14 years$14,888$12,886$11,118$9,565$8,209$6,656
15 years$13,752$11,772$10,038$8,531$7,228$5,756
16 years$12,759$10,800$9,101$7,638$6,388$4,995
17 years$11,884$9,947$8,281$6,863$5,664$4,347
18 years$11,107$9,191$7,560$6,185$5,036$3,793
19 years$10,413$8,518$6,921$5,589$4,489$3,317
20 years$9,788$7,916$6,351$5,062$4,010$2,905
21 years$9,224$7,373$5,842$4,594$3,588$2,549
22 years$8,712$6,882$5,384$4,177$3,216$2,239
23 years$8,245$6,437$4,972$3,804$2,887$1,970
24 years$7,818$6,031$4,598$3,469$2,595$1,734
25 years$7,425$5,660$4,259$3,168$2,335$1,529
26 years$7,063$5,319$3,950$2,897$2,103$1,348
27 years$6,729$5,006$3,668$2,652$1,896$1,190
28 years$6,419$4,717$3,409$2,429$1,711$1,051
29 years$6,131$4,450$3,173$2,228$1,545$929
30 years$5,862$4,203$2,955$2,045$1,396$821
31 years$5,612$3,973$2,755$1,878$1,262$726
32 years$5,377$3,759$2,571$1,726$1,142$643
33 years$5,158$3,560$2,400$1,587$1,033$569
34 years$4,951$3,374$2,243$1,460$936$504
35 years$4,757$3,200$2,097$1,344$847$446
36 years$4,574$3,038$1,961$1,238$768$395
37 years$4,401$2,885$1,836$1,141$696$350
38 years$4,238$2,742$1,719$1,051$631$310
39 years$4,084$2,607$1,611$969$572$275
40 years$3,937$2,480$1,510$894$519$244
41 years$3,799$2,361$1,416$825$471$216
42 years$3,667$2,249$1,328$761$427$191
43 years$3,541$2,143$1,246$703$388$170
44 years$3,422$2,042$1,170$649$352$151
45 years$3,308$1,948$1,098$599$319$133
46 years$3,200$1,858$1,031$554$290$118
47 years$3,096$1,773$969$511$263$105
48 years$2,997$1,693$911$473$239$93
49 years$2,902$1,616$856$437$217$83
50 years$2,812$1,544$805$404$197$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,880,000, adding $4,734 every year, while hoping to spend $27,175 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: 43/40/17 Blend
62$2,880,000$2,880,000$2,880,000$2,880,000
63$3,178,643$3,026,003$2,981,363$3,299,416
64$3,473,951$3,145,363$3,052,325$3,504,238
65$3,798,469$3,269,661$3,124,753$3,722,958
66$4,155,148$3,399,110$3,198,668$3,959,343
67$4,547,240$3,533,934$3,274,090$4,215,030
68$4,978,326$3,674,363$3,351,039$4,491,817
69$5,452,351$3,820,643$3,429,535$4,791,680
70$5,973,663$3,973,027$3,509,597$5,116,789
71$6,547,052$4,131,781$3,591,243$5,469,529
72$7,177,795$4,297,182$3,674,494$5,852,520
73$7,871,707$4,469,520$3,759,366$6,268,643
74$8,635,193$4,649,099$3,845,877$6,721,063
75$9,475,314$4,836,235$3,934,044$7,213,261
76$10,399,845$5,031,260$4,023,884$7,749,065
77$11,417,357$5,234,520$4,115,412$8,332,683
78$12,537,292$5,446,376$4,208,643$8,968,745
79$13,770,055$5,667,207$4,303,592$9,662,342
80$15,127,109$5,897,409$4,400,270$10,419,074
81$16,621,087$6,137,394$4,498,692$11,245,104
82$18,265,907$6,387,596$4,598,868$12,147,210
83$20,076,907$6,648,466$4,700,807$13,132,852
84$22,070,988$6,920,477$4,804,520$14,210,238
85$24,266,771$7,204,122$4,910,014$15,388,402
86$26,684,777$7,499,920$5,017,295$16,677,284
87$29,347,617$7,808,409$5,126,368$18,087,828
88$32,280,209$8,130,156$5,237,236$19,632,079
89$35,510,008$8,465,751$5,349,901$21,323,294
90$39,067,268$8,815,813$5,464,362$23,176,070
91$42,985,329$9,180,988$5,580,618$25,206,477
92$47,300,929$9,561,952$5,698,664$27,432,205
93$52,054,549$9,959,412$5,818,495$29,872,734
94$57,290,799$10,374,110$5,940,101$32,549,511
95$63,058,837$10,806,818$6,063,471$35,486,153
96$69,412,834$11,258,347$6,188,592$38,708,667
97$76,412,480$11,729,544$6,315,448$42,245,691
98$84,123,556$12,221,295$6,444,018$46,128,765
99$92,618,548$12,734,527$6,574,282$50,392,621
100$101,977,332$13,270,211$6,706,212$55,075,514