Can I retire at age 63 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$174,242$172,690$171,176$169,698$168,254$166,083
2 years$86,258$84,652$83,095$81,585$80,121$77,937
3 years$56,934$55,321$53,768$52,273$50,832$48,702
4 years$42,275$40,667$39,129$37,659$36,254$34,195
5 years$33,482$31,883$30,366$28,926$27,560$25,578
6 years$27,622$26,035$24,540$23,132$21,807$19,905
7 years$23,438$21,864$20,393$19,018$17,735$15,913
8 years$20,301$18,742$17,295$15,954$14,713$12,971
9 years$17,862$16,318$14,896$13,589$12,390$10,728
10 years$15,913$14,383$12,987$11,714$10,557$8,973
11 years$14,319$12,805$11,433$10,195$9,080$7,572
12 years$12,991$11,493$10,147$8,942$7,868$6,435
13 years$11,869$10,386$9,065$7,895$6,861$5,502
14 years$10,908$9,441$8,145$7,008$6,014$4,726
15 years$10,076$8,624$7,354$6,250$5,296$4,076
16 years$9,348$7,913$6,668$5,596$4,680$3,527
17 years$8,707$7,287$6,067$5,028$4,150$3,061
18 years$8,137$6,734$5,539$4,531$3,690$2,663
19 years$7,629$6,241$5,070$4,094$3,289$2,322
20 years$7,171$5,799$4,653$3,708$2,938$2,028
21 years$6,758$5,402$4,280$3,365$2,629$1,774
22 years$6,383$5,042$3,945$3,060$2,356$1,554
23 years$6,041$4,716$3,642$2,787$2,115$1,362
24 years$5,728$4,419$3,369$2,542$1,901$1,196
25 years$5,440$4,147$3,120$2,321$1,711$1,051
26 years$5,175$3,897$2,894$2,122$1,541$924
27 years$4,930$3,668$2,687$1,943$1,389$813
28 years$4,703$3,456$2,498$1,780$1,254$716
29 years$4,492$3,260$2,324$1,632$1,132$630
30 years$4,295$3,079$2,165$1,498$1,023$555
31 years$4,111$2,911$2,019$1,376$925$490
32 years$3,940$2,754$1,883$1,264$837$432
33 years$3,779$2,608$1,758$1,163$757$381
34 years$3,627$2,472$1,643$1,070$685$336
35 years$3,485$2,345$1,536$985$621$297
36 years$3,351$2,225$1,437$907$562$262
37 years$3,225$2,114$1,345$836$510$231
38 years$3,105$2,009$1,260$770$462$204
39 years$2,992$1,910$1,180$710$419$180
40 years$2,885$1,817$1,106$655$380$159
41 years$2,783$1,730$1,037$604$345$141
42 years$2,686$1,647$973$558$313$124
43 years$2,594$1,570$913$515$284$110
44 years$2,507$1,496$857$475$258$97
45 years$2,424$1,427$805$439$234$86
46 years$2,344$1,361$756$406$212$76
47 years$2,268$1,299$710$375$193$67
48 years$2,196$1,240$667$346$175$59
49 years$2,126$1,184$627$320$159$52
50 years$2,060$1,131$590$296$145$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,110,000, adding $6,945 every year, while hoping to spend $26,676 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: 75/12/13 Blend
62$2,110,000$2,110,000$2,110,000$2,110,000
63$2,332,384$2,220,554$2,187,849$2,500,566
64$2,541,904$2,300,978$2,232,759$2,692,975
65$2,771,901$2,384,449$2,278,279$2,899,768
66$3,024,435$2,471,087$2,324,402$3,125,671
67$3,301,777$2,561,020$2,371,119$3,372,574
68$3,606,427$2,654,378$2,418,419$3,642,558
69$3,941,138$2,751,298$2,466,292$3,937,918
70$4,308,946$2,851,924$2,514,725$4,261,175
71$4,713,194$2,956,403$2,563,703$4,615,112
72$5,157,564$3,064,891$2,613,212$5,002,788
73$5,646,113$3,177,549$2,663,233$5,427,576
74$6,183,313$3,294,546$2,713,747$5,893,188
75$6,774,089$3,416,056$2,764,735$6,403,716
76$7,423,865$3,542,262$2,816,173$6,963,663
77$8,138,622$3,673,355$2,868,038$7,577,992
78$8,924,946$3,809,534$2,920,301$8,252,169
79$9,790,095$3,951,005$2,972,936$8,992,215
80$10,742,065$4,097,985$3,025,909$9,804,761
81$11,789,667$4,250,699$3,079,190$10,697,113
82$12,942,611$4,409,380$3,132,740$11,677,322
83$14,211,592$4,574,275$3,186,521$12,754,253
84$15,608,397$4,745,637$3,240,493$13,937,675
85$17,146,015$4,923,734$3,294,610$15,238,350
86$18,838,754$5,108,843$3,348,825$16,668,133
87$20,702,384$5,301,253$3,403,088$18,240,088
88$22,754,279$5,501,267$3,457,344$19,968,605
89$25,013,586$5,709,199$3,511,535$21,869,541
90$27,501,401$5,925,379$3,565,600$23,960,364
91$30,240,970$6,150,149$3,619,474$26,260,325
92$33,257,910$6,383,867$3,673,088$28,790,628
93$36,580,447$6,626,907$3,726,366$31,574,642
94$40,239,685$6,879,658$3,779,232$34,638,112
95$44,269,899$7,142,527$3,831,602$38,009,406
96$48,708,856$7,415,938$3,883,388$41,719,781
97$53,598,174$7,700,334$3,934,497$45,803,679
98$58,983,715$7,996,177$3,984,829$50,299,047
99$64,916,014$8,303,951$4,034,282$55,247,702
100$71,450,761$8,624,158$4,082,744$60,695,719