Can I retire at age 63 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$175,893$174,327$172,798$171,306$169,849$167,588
2 years$87,076$85,454$83,883$82,359$80,881$78,606
3 years$57,474$55,845$54,278$52,768$51,314$49,097
4 years$42,676$41,052$39,500$38,016$36,598$34,455
5 years$33,799$32,185$30,654$29,200$27,821$25,759
6 years$27,884$26,282$24,773$23,352$22,014$20,035
7 years$23,660$22,071$20,586$19,199$17,903$16,008
8 years$20,493$18,919$17,459$16,105$14,852$13,041
9 years$18,032$16,473$15,037$13,718$12,508$10,779
10 years$16,064$14,520$13,110$11,825$10,657$9,010
11 years$14,455$12,926$11,542$10,291$9,166$7,599
12 years$13,115$11,602$10,243$9,027$7,943$6,454
13 years$11,982$10,485$9,151$7,969$6,926$5,514
14 years$11,011$9,530$8,223$7,074$6,071$4,733
15 years$10,171$8,706$7,424$6,309$5,346$4,080
16 years$9,437$7,988$6,731$5,649$4,725$3,528
17 years$8,789$7,356$6,125$5,076$4,189$3,060
18 years$8,215$6,798$5,591$4,574$3,725$2,660
19 years$7,701$6,300$5,118$4,133$3,320$2,317
20 years$7,239$5,854$4,697$3,743$2,966$2,022
21 years$6,822$5,453$4,321$3,397$2,654$1,768
22 years$6,443$5,090$3,982$3,089$2,379$1,547
23 years$6,098$4,761$3,677$2,813$2,135$1,356
24 years$5,782$4,460$3,400$2,566$1,919$1,189
25 years$5,491$4,186$3,150$2,343$1,727$1,044
26 years$5,224$3,934$2,921$2,143$1,556$917
27 years$4,977$3,702$2,712$1,961$1,403$806
28 years$4,747$3,489$2,522$1,797$1,266$709
29 years$4,534$3,291$2,347$1,648$1,143$624
30 years$4,336$3,108$2,186$1,512$1,033$550
31 years$4,150$2,938$2,038$1,389$934$484
32 years$3,977$2,780$1,901$1,276$844$427
33 years$3,815$2,633$1,775$1,174$764$376
34 years$3,662$2,495$1,659$1,080$692$332
35 years$3,518$2,367$1,551$994$627$292
36 years$3,383$2,247$1,451$916$568$258
37 years$3,255$2,134$1,358$844$515$227
38 years$3,135$2,028$1,271$778$467$201
39 years$3,020$1,928$1,191$717$423$177
40 years$2,912$1,835$1,117$661$384$156
41 years$2,809$1,746$1,047$610$348$138
42 years$2,712$1,663$982$563$316$122
43 years$2,619$1,585$922$520$287$108
44 years$2,531$1,510$865$480$260$95
45 years$2,447$1,440$812$443$236$84
46 years$2,366$1,374$763$409$215$74
47 years$2,290$1,311$717$378$195$65
48 years$2,217$1,252$674$350$177$58
49 years$2,147$1,195$633$323$161$51
50 years$2,080$1,142$595$299$146$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,130,000, adding $2,882 every year, while hoping to spend $50,442 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: 44/40/16 Blend
62$2,130,000$2,130,000$2,130,000$2,130,000
63$2,350,233$2,237,343$2,204,328$2,442,670
64$2,536,287$2,293,303$2,224,503$2,563,657
65$2,739,627$2,350,314$2,243,663$2,689,461
66$2,961,965$2,408,375$2,261,722$2,824,738
67$3,205,182$2,467,482$2,278,586$2,970,385
68$3,471,352$2,527,630$2,294,160$3,127,389
69$3,762,758$2,588,812$2,308,342$3,296,836
70$4,081,912$2,651,017$2,321,025$3,479,924
71$4,431,584$2,714,234$2,332,096$3,677,972
72$4,814,822$2,778,448$2,341,438$3,892,432
73$5,234,984$2,843,641$2,348,926$4,124,904
74$5,695,767$2,909,794$2,354,430$4,377,153
75$6,201,245$2,976,884$2,357,812$4,651,120
76$6,755,904$3,044,883$2,358,931$4,948,946
77$7,364,684$3,113,761$2,357,634$5,272,990
78$8,033,031$3,183,484$2,353,763$5,625,850
79$8,766,939$3,254,013$2,347,153$6,010,391
80$9,573,013$3,325,306$2,337,629$6,429,768
81$10,458,530$3,397,316$2,325,009$6,887,460
82$11,431,506$3,469,990$2,309,103$7,387,300
83$12,500,771$3,543,271$2,289,709$7,933,513
84$13,676,053$3,617,095$2,266,618$8,530,755
85$14,968,070$3,691,392$2,239,609$9,184,157
86$16,388,631$3,766,088$2,208,453$9,899,375
87$17,950,744$3,841,098$2,172,909$10,682,643
88$19,668,742$3,916,335$2,132,724$11,540,831
89$21,558,417$3,991,699$2,087,634$12,481,512
90$23,637,168$4,067,085$2,037,362$13,513,032
91$25,924,166$4,142,378$1,981,620$14,644,592
92$28,440,531$4,217,455$1,920,105$15,886,330
93$31,209,537$4,292,182$1,852,500$17,249,423
94$34,256,825$4,366,414$1,778,474$18,746,189
95$37,610,650$4,439,998$1,697,682$20,390,207
96$41,302,144$4,512,765$1,609,762$22,196,443
97$45,365,609$4,584,537$1,514,336$24,181,390
98$49,838,843$4,655,121$1,411,008$26,363,231
99$54,763,494$4,724,311$1,299,366$28,762,006
100$60,185,454$4,791,886$1,178,978$31,399,802