Can I retire at age 63 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$239,479$237,346$235,265$233,234$231,250$225,935
2 years$118,554$116,346$114,206$112,132$110,119$104,794
3 years$78,251$76,033$73,899$71,844$69,864$64,695
4 years$58,103$55,893$53,780$51,759$49,828$44,854
5 years$46,018$43,821$41,735$39,756$37,878$33,114
6 years$37,964$35,783$33,728$31,793$29,972$25,422
7 years$32,213$30,050$28,028$26,139$24,375$20,041
8 years$27,902$25,759$23,770$21,927$20,221$16,101
9 years$24,550$22,428$20,473$18,677$17,029$13,119
10 years$21,871$19,769$17,849$16,100$14,510$10,806
11 years$19,680$17,599$15,714$14,012$12,479$8,976
12 years$17,855$15,796$13,946$12,290$10,814$7,507
13 years$16,313$14,275$12,460$10,850$9,430$6,313
14 years$14,992$12,975$11,195$9,632$8,266$5,332
15 years$13,848$11,853$10,108$8,590$7,278$4,520
16 years$12,848$10,875$9,164$7,691$6,433$3,844
17 years$11,967$10,016$8,339$6,911$5,704$3,277
18 years$11,184$9,255$7,612$6,228$5,071$2,799
19 years$10,485$8,577$6,969$5,627$4,520$2,396
20 years$9,856$7,970$6,396$5,097$4,038$2,054
21 years$9,288$7,424$5,883$4,626$3,613$1,763
22 years$8,772$6,930$5,422$4,206$3,239$1,515
23 years$8,302$6,482$5,006$3,830$2,907$1,303
24 years$7,872$6,073$4,630$3,493$2,613$1,121
25 years$7,477$5,699$4,288$3,190$2,351$966
26 years$7,112$5,356$3,977$2,917$2,118$832
27 years$6,776$5,041$3,693$2,670$1,910$718
28 years$6,463$4,750$3,433$2,446$1,723$619
29 years$6,173$4,481$3,195$2,243$1,556$534
30 years$5,903$4,232$2,976$2,059$1,406$461
31 years$5,651$4,001$2,774$1,891$1,271$398
32 years$5,415$3,785$2,588$1,738$1,150$344
33 years$5,193$3,585$2,417$1,598$1,040$297
34 years$4,986$3,398$2,258$1,470$942$257
35 years$4,790$3,223$2,111$1,354$853$222
36 years$4,606$3,059$1,975$1,247$773$192
37 years$4,432$2,905$1,849$1,149$701$166
38 years$4,268$2,761$1,731$1,059$635$143
39 years$4,112$2,625$1,622$976$576$124
40 years$3,965$2,498$1,520$900$522$107
41 years$3,825$2,378$1,425$831$474$93
42 years$3,692$2,264$1,337$767$430$80
43 years$3,566$2,157$1,255$708$390$69
44 years$3,446$2,056$1,178$653$354$60
45 years$3,331$1,961$1,106$603$322$52
46 years$3,222$1,871$1,039$557$292$45
47 years$3,118$1,785$976$515$265$39
48 years$3,018$1,704$917$476$241$34
49 years$2,923$1,628$862$440$219$29
50 years$2,831$1,555$810$406$199$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,900,000, adding $3,204 every year, while hoping to spend $54,135 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: 52/34/14 Blend
62$2,900,000$2,900,000$2,900,000$2,900,000
63$3,199,105$3,045,405$3,000,455$3,353,279
64$3,467,814$3,137,031$3,043,371$3,550,680
65$3,762,118$3,231,331$3,085,910$3,759,251
66$4,084,569$3,328,382$3,128,003$3,984,872
67$4,437,979$3,428,257$3,169,576$4,229,170
68$4,825,446$3,531,034$3,210,550$4,493,938
69$5,250,381$3,636,794$3,250,842$4,781,145
70$5,716,540$3,745,617$3,290,366$5,092,962
71$6,228,062$3,857,588$3,329,028$5,431,777
72$6,789,505$3,972,790$3,366,731$5,800,217
73$7,405,890$4,091,312$3,403,372$6,201,177
74$8,082,747$4,213,243$3,438,841$6,637,841
75$8,826,170$4,338,674$3,473,025$7,113,719
76$9,642,870$4,467,700$3,505,802$7,632,671
77$10,540,241$4,600,416$3,537,044$8,198,951
78$11,526,428$4,736,919$3,566,618$8,817,242
79$12,610,406$4,877,310$3,594,382$9,492,702
80$13,802,060$5,021,691$3,620,186$10,231,011
81$15,112,283$5,170,166$3,643,875$11,038,426
82$16,553,074$5,322,843$3,665,284$11,921,837
83$18,137,655$5,479,830$3,684,239$12,888,835
84$19,880,593$5,641,239$3,700,558$13,947,781
85$21,797,937$5,807,183$3,714,050$15,107,884
86$23,907,370$5,977,778$3,724,514$16,379,291
87$26,228,376$6,153,143$3,731,739$17,773,178
88$28,782,421$6,333,398$3,735,503$19,301,858
89$31,593,160$6,518,666$3,735,574$20,978,896
90$34,686,654$6,709,073$3,731,708$22,819,236
91$38,091,621$6,904,745$3,723,648$24,839,343
92$41,839,703$7,105,814$3,711,127$27,057,357
93$45,965,765$7,312,412$3,693,862$29,493,264
94$50,508,226$7,524,673$3,671,559$32,169,086
95$55,509,417$7,742,734$3,643,909$35,109,084
96$61,015,984$7,966,735$3,610,586$38,339,991
97$67,079,326$8,196,817$3,571,253$41,891,262
98$73,756,081$8,433,124$3,525,553$45,795,354
99$81,108,656$8,675,801$3,473,114$50,088,027
100$89,205,821$8,924,998$3,413,545$54,808,686