Can I retire at age 63 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$255,995$253,715$251,490$249,319$247,198$244,617
2 years$126,730$124,370$122,083$119,865$117,714$115,114
3 years$83,648$81,277$78,996$76,799$74,682$72,145
4 years$62,110$59,747$57,489$55,329$53,264$50,809
5 years$49,192$46,843$44,613$42,498$40,490$38,125
6 years$40,582$38,251$36,054$33,986$32,039$29,765
7 years$34,434$32,123$29,961$27,942$26,056$23,875
8 years$29,826$27,535$25,410$23,440$21,616$19,528
9 years$26,243$23,974$21,885$19,965$18,204$16,208
10 years$23,379$21,132$19,080$17,210$15,511$13,606
11 years$21,037$18,813$16,798$14,978$13,340$11,524
12 years$19,087$16,885$14,908$13,138$11,560$9,832
13 years$17,438$15,259$13,319$11,599$10,080$8,438
14 years$16,026$13,870$11,967$10,296$8,836$7,278
15 years$14,803$12,671$10,805$9,182$7,780$6,302
16 years$13,734$11,625$9,796$8,222$6,876$5,477
17 years$12,792$10,706$8,914$7,387$6,097$4,773
18 years$11,956$9,893$8,137$6,657$5,421$4,170
19 years$11,208$9,169$7,449$6,015$4,832$3,652
20 years$10,536$8,520$6,837$5,448$4,316$3,203
21 years$9,929$7,936$6,288$4,945$3,862$2,815
22 years$9,377$7,408$5,796$4,496$3,462$2,477
23 years$8,875$6,929$5,351$4,094$3,108$2,182
24 years$8,415$6,492$4,949$3,734$2,793$1,924
25 years$7,992$6,092$4,584$3,410$2,514$1,698
26 years$7,603$5,726$4,251$3,118$2,264$1,501
27 years$7,243$5,389$3,948$2,854$2,041$1,327
28 years$6,909$5,078$3,670$2,615$1,842$1,173
29 years$6,599$4,790$3,415$2,398$1,663$1,039
30 years$6,310$4,524$3,181$2,201$1,503$920
31 years$6,041$4,276$2,966$2,021$1,359$815
32 years$5,788$4,046$2,767$1,858$1,229$722
33 years$5,552$3,832$2,584$1,708$1,112$640
34 years$5,329$3,632$2,414$1,572$1,007$568
35 years$5,120$3,445$2,257$1,447$912$504
36 years$4,924$3,270$2,111$1,333$826$447
37 years$4,738$3,105$1,976$1,228$749$397
38 years$4,562$2,951$1,850$1,132$679$352
39 years$4,396$2,806$1,734$1,043$616$313
40 years$4,238$2,670$1,625$962$559$277
41 years$4,089$2,542$1,524$888$507$246
42 years$3,947$2,420$1,429$819$460$219
43 years$3,812$2,306$1,341$756$417$194
44 years$3,683$2,198$1,259$698$379$173
45 years$3,561$2,096$1,182$645$344$153
46 years$3,444$2,000$1,110$596$312$136
47 years$3,333$1,908$1,043$550$283$121
48 years$3,226$1,822$980$509$257$108
49 years$3,124$1,740$921$470$234$96
50 years$3,027$1,662$866$435$212$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,100,000, adding $5,372 every year, while hoping to spend $59,173 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: 54/26/20 Blend
62$3,100,000$3,100,000$3,100,000$3,100,000
63$3,421,741$3,257,441$3,209,391$3,587,613
64$3,707,799$3,354,096$3,253,946$3,798,516
65$4,021,052$3,453,504$3,298,011$4,021,295
66$4,364,211$3,555,737$3,341,505$4,262,527
67$4,740,261$3,660,870$3,384,347$4,523,994
68$5,152,493$3,768,977$3,426,447$4,807,654
69$5,604,527$3,880,136$3,467,713$5,115,665
70$6,100,352$3,994,427$3,508,045$5,450,402
71$6,644,363$4,111,928$3,547,339$5,814,479
72$7,241,398$4,232,724$3,585,486$6,210,777
73$7,896,790$4,356,896$3,622,369$6,642,468
74$8,616,410$4,484,531$3,657,865$7,113,043
75$9,406,726$4,615,716$3,691,847$7,626,349
76$10,274,866$4,750,540$3,724,177$8,186,624
77$11,228,678$4,889,092$3,754,713$8,798,533
78$12,276,811$5,031,465$3,783,303$9,467,218
79$13,428,792$5,177,753$3,809,790$10,198,341
80$14,695,117$5,328,051$3,834,006$10,998,138
81$16,087,350$5,482,457$3,855,776$11,873,483
82$17,618,230$5,641,068$3,874,916$12,831,946
83$19,301,795$5,803,985$3,891,230$13,881,866
84$21,153,507$5,971,310$3,904,516$15,032,432
85$23,190,407$6,143,146$3,914,559$16,293,768
86$25,431,267$6,319,598$3,921,135$17,677,027
87$27,896,770$6,500,773$3,924,008$19,194,498
88$30,609,708$6,686,778$3,922,929$20,859,723
89$33,595,191$6,877,723$3,917,640$22,687,620
90$36,880,886$7,073,717$3,907,867$24,694,628
91$40,497,281$7,274,873$3,893,324$26,898,860
92$44,477,966$7,481,304$3,873,713$29,320,276
93$48,859,954$7,693,124$3,848,718$31,980,867
94$53,684,030$7,910,449$3,818,011$34,904,868
95$58,995,134$8,133,393$3,781,247$38,118,981
96$64,842,783$8,362,074$3,738,064$41,652,631
97$71,281,542$8,596,611$3,688,084$45,538,243
98$78,371,535$8,837,121$3,630,911$49,811,546
99$86,179,015$9,083,723$3,566,130$54,511,913
100$94,776,985$9,336,536$3,493,306$59,682,731