Can I retire at age 63 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$264,253$261,899$259,603$257,361$255,172$247,401
2 years$130,818$128,382$126,021$123,731$121,511$113,747
3 years$86,346$83,899$81,544$79,276$77,091$69,580
4 years$64,114$61,675$59,343$57,114$54,982$47,780
5 years$50,778$48,354$46,053$43,869$41,797$34,924
6 years$41,891$39,484$37,217$35,082$33,072$26,535
7 years$35,545$33,159$30,928$28,843$26,897$20,694
8 years$30,788$28,423$26,229$24,196$22,313$16,441
9 years$27,090$24,748$22,591$20,609$18,791$13,244
10 years$24,133$21,814$19,696$17,766$16,011$10,780
11 years$21,716$19,420$17,340$15,461$13,770$8,846
12 years$19,703$17,430$15,388$13,562$11,933$7,307
13 years$18,000$15,752$13,749$11,973$10,406$6,066
14 years$16,543$14,318$12,353$10,628$9,121$5,057
15 years$15,281$13,080$11,153$9,478$8,031$4,230
16 years$14,177$12,000$10,112$8,487$7,098$3,548
17 years$13,205$11,052$9,202$7,625$6,294$2,984
18 years$12,341$10,212$8,400$6,872$5,596$2,513
19 years$11,569$9,465$7,690$6,210$4,988$2,121
20 years$10,876$8,795$7,057$5,624$4,455$1,792
21 years$10,249$8,192$6,491$5,104$3,987$1,516
22 years$9,680$7,647$5,983$4,641$3,574$1,283
23 years$9,161$7,152$5,524$4,226$3,208$1,087
24 years$8,686$6,701$5,109$3,855$2,883$922
25 years$8,250$6,289$4,732$3,520$2,595$782
26 years$7,848$5,910$4,388$3,219$2,337$664
27 years$7,477$5,562$4,075$2,946$2,107$564
28 years$7,132$5,241$3,788$2,699$1,901$479
29 years$6,812$4,945$3,525$2,475$1,717$407
30 years$6,514$4,670$3,284$2,272$1,551$346
31 years$6,235$4,414$3,061$2,087$1,402$294
32 years$5,975$4,177$2,856$1,918$1,269$250
33 years$5,731$3,956$2,667$1,763$1,148$212
34 years$5,501$3,749$2,492$1,622$1,039$181
35 years$5,286$3,556$2,330$1,494$942$154
36 years$5,082$3,375$2,179$1,376$853$131
37 years$4,890$3,206$2,040$1,267$773$111
38 years$4,709$3,046$1,910$1,168$701$95
39 years$4,538$2,897$1,790$1,077$636$80
40 years$4,375$2,756$1,677$993$577$68
41 years$4,221$2,624$1,573$917$523$58
42 years$4,074$2,499$1,475$846$475$50
43 years$3,935$2,381$1,384$781$431$42
44 years$3,802$2,269$1,300$721$391$36
45 years$3,676$2,164$1,220$666$355$31
46 years$3,555$2,064$1,146$615$322$26
47 years$3,440$1,970$1,077$568$293$22
48 years$3,330$1,881$1,012$525$266$19
49 years$3,225$1,796$951$485$241$16
50 years$3,124$1,715$894$449$219$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,200,000, adding $5,511 every year, while hoping to spend $40,959 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: 31/43/26 Blend
62$3,200,000$3,200,000$3,200,000$3,200,000
63$3,532,085$3,362,485$3,312,885$3,613,203
64$3,848,777$3,483,666$3,380,286$3,797,189
65$4,196,400$3,609,413$3,448,573$3,991,098
66$4,578,064$3,739,905$3,517,731$4,199,014
67$4,997,197$3,875,331$3,587,746$4,422,188
68$5,457,574$4,015,887$3,658,599$4,661,994
69$5,963,357$4,161,775$3,730,272$4,919,940
70$6,519,126$4,313,209$3,802,743$5,197,681
71$7,129,930$4,470,409$3,875,988$5,497,036
72$7,801,331$4,633,607$3,949,981$5,820,000
73$8,539,455$4,803,042$4,024,694$6,168,769
74$9,351,053$4,978,964$4,100,095$6,545,753
75$10,243,562$5,161,635$4,176,149$6,953,601
76$11,225,175$5,351,326$4,252,821$7,395,225
77$12,304,922$5,548,320$4,330,070$7,873,826
78$13,492,749$5,752,912$4,407,851$8,392,923
79$14,799,615$5,965,410$4,486,120$8,956,388
80$16,237,595$6,186,134$4,564,824$9,568,476
81$17,819,994$6,415,419$4,643,910$10,233,868
82$19,561,472$6,653,614$4,723,320$10,957,715
83$21,478,182$6,901,081$4,802,991$11,745,682
84$23,587,921$7,158,199$4,882,856$12,604,002
85$25,910,302$7,425,363$4,962,844$13,539,534
86$28,466,932$7,702,985$5,042,879$14,559,825
87$31,281,623$7,991,495$5,122,879$15,673,181
88$34,380,610$8,291,340$5,202,757$16,888,744
89$37,792,804$8,602,988$5,282,422$18,216,577
90$41,550,062$8,926,926$5,361,775$19,667,756
91$45,687,485$9,263,662$5,440,711$21,254,474
92$50,243,754$9,613,726$5,519,120$22,990,154
93$55,261,491$9,977,673$5,596,884$24,889,576
94$60,787,662$10,356,078$5,673,879$26,969,010
95$66,874,022$10,749,545$5,749,973$29,246,374
96$73,577,601$11,158,700$5,825,025$31,741,396
97$80,961,240$11,584,201$5,898,888$34,475,801
98$89,094,191$12,026,732$5,971,405$37,473,513
99$98,052,763$12,487,006$6,042,411$40,760,878
100$107,921,044$12,965,768$6,111,731$44,366,912