Can I retire at age 63 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$173,416$171,871$170,364$168,893$167,457$166,332
2 years$85,850$84,251$82,701$81,199$79,741$78,607
3 years$56,665$55,059$53,513$52,025$50,591$49,482
4 years$42,075$40,474$38,944$37,481$36,082$35,007
5 years$33,323$31,732$30,222$28,789$27,429$26,391
6 years$27,491$25,912$24,424$23,023$21,704$20,704
7 years$23,327$21,761$20,296$18,928$17,651$16,691
8 years$20,205$18,653$17,213$15,878$14,643$13,722
9 years$17,778$16,241$14,825$13,525$12,332$11,449
10 years$15,837$14,315$12,925$11,659$10,507$9,663
11 years$14,251$12,744$11,379$10,146$9,037$8,230
12 years$12,930$11,438$10,099$8,900$7,831$7,062
13 years$11,813$10,337$9,023$7,857$6,829$6,096
14 years$10,856$9,396$8,107$6,975$5,986$5,289
15 years$10,028$8,583$7,319$6,220$5,271$4,608
16 years$9,304$7,875$6,636$5,570$4,658$4,029
17 years$8,666$7,253$6,039$5,004$4,130$3,533
18 years$8,099$6,702$5,512$4,510$3,672$3,107
19 years$7,592$6,211$5,046$4,075$3,273$2,738
20 years$7,137$5,772$4,631$3,691$2,924$2,418
21 years$6,726$5,376$4,260$3,350$2,616$2,139
22 years$6,352$5,018$3,926$3,045$2,345$1,895
23 years$6,012$4,694$3,625$2,774$2,105$1,680
24 years$5,700$4,398$3,353$2,530$1,892$1,492
25 years$5,414$4,127$3,105$2,310$1,703$1,326
26 years$5,150$3,879$2,880$2,112$1,534$1,180
27 years$4,906$3,650$2,674$1,934$1,383$1,051
28 years$4,680$3,440$2,486$1,772$1,248$936
29 years$4,470$3,245$2,313$1,625$1,127$835
30 years$4,275$3,064$2,155$1,491$1,018$745
31 years$4,092$2,897$2,009$1,369$920$665
32 years$3,921$2,741$1,874$1,258$833$593
33 years$3,761$2,596$1,750$1,157$753$530
34 years$3,610$2,460$1,635$1,065$682$474
35 years$3,469$2,334$1,529$980$618$423
36 years$3,335$2,215$1,430$903$560$378
37 years$3,209$2,104$1,339$832$507$338
38 years$3,090$1,999$1,254$767$460$303
39 years$2,978$1,901$1,174$707$417$271
40 years$2,871$1,809$1,101$652$378$242
41 years$2,770$1,722$1,032$602$343$217
42 years$2,674$1,640$968$555$311$194
43 years$2,582$1,562$909$512$283$174
44 years$2,495$1,489$853$473$257$155
45 years$2,412$1,420$801$437$233$139
46 years$2,333$1,355$752$404$211$125
47 years$2,258$1,293$707$373$192$112
48 years$2,185$1,234$664$345$174$100
49 years$2,116$1,179$624$318$158$90
50 years$2,050$1,126$587$294$144$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,100,000, adding $3,309 every year, while hoping to spend $33,342 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: 58/21/21 Blend
62$2,100,000$2,100,000$2,100,000$2,100,000
63$2,317,613$2,206,313$2,173,763$2,438,876
64$2,518,534$2,278,947$2,211,109$2,594,377
65$2,738,832$2,354,022$2,248,588$2,759,940
66$2,980,447$2,431,624$2,286,170$2,939,710
67$3,245,517$2,511,838$2,323,821$3,135,066
68$3,536,399$2,594,757$2,361,508$3,347,525
69$3,855,685$2,680,474$2,399,192$3,578,759
70$4,206,234$2,769,086$2,436,834$3,830,605
71$4,591,192$2,860,694$2,474,391$4,105,089
72$5,014,028$2,955,402$2,511,817$4,404,442
73$5,478,561$3,053,319$2,549,065$4,731,116
74$5,988,999$3,154,556$2,586,084$5,087,817
75$6,549,978$3,259,231$2,622,819$5,477,520
76$7,166,605$3,367,462$2,659,212$5,903,505
77$7,844,507$3,479,376$2,695,204$6,369,381
78$8,589,882$3,595,101$2,730,729$6,879,126
79$9,409,561$3,714,771$2,765,718$7,437,120
80$10,311,067$3,838,526$2,800,101$8,048,187
81$11,302,691$3,966,509$2,833,800$8,717,641
82$12,393,568$4,098,870$2,866,734$9,451,336
83$13,593,761$4,235,764$2,898,819$10,255,721
84$14,914,359$4,377,351$2,929,964$11,137,899
85$16,367,581$4,523,798$2,960,075$12,105,695
86$17,966,888$4,675,278$2,989,051$13,167,730
87$19,727,113$4,831,969$3,016,787$14,333,502
88$21,664,601$4,994,058$3,043,172$15,613,474
89$23,797,360$5,161,737$3,068,088$17,019,173
90$26,145,234$5,335,205$3,091,412$18,563,302
91$28,730,088$5,514,671$3,113,015$20,259,852
92$31,576,016$5,700,348$3,132,759$22,124,241
93$34,709,565$5,892,461$3,150,503$24,173,455
94$38,159,990$6,091,240$3,166,093$26,426,211
95$41,959,524$6,296,927$3,179,373$28,903,131
96$46,143,688$6,509,769$3,190,174$31,626,936
97$50,751,622$6,730,025$3,198,323$34,622,663
98$55,826,456$6,957,964$3,203,635$37,917,897
99$61,415,714$7,193,865$3,205,917$41,543,035
100$67,571,769$7,438,016$3,204,967$45,531,569