Can I retire at age 63 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$178,371$176,782$175,232$173,719$172,241$170,727
2 years$88,302$86,658$85,064$83,519$82,020$80,494
3 years$58,283$56,632$55,042$53,511$52,037$50,546
4 years$43,277$41,630$40,057$38,552$37,113$35,670
5 years$34,275$32,639$31,085$29,611$28,213$26,821
6 years$28,276$26,652$25,122$23,681$22,324$20,985
7 years$23,993$22,382$20,876$19,469$18,155$16,870
8 years$20,782$19,186$17,705$16,332$15,061$13,830
9 years$18,286$16,705$15,249$13,911$12,684$11,506
10 years$16,290$14,724$13,294$11,992$10,807$9,682
11 years$14,658$13,108$11,704$10,436$9,295$8,221
12 years$13,299$11,765$10,387$9,154$8,055$7,031
13 years$12,150$10,632$9,280$8,082$7,024$6,050
14 years$11,166$9,664$8,338$7,174$6,157$5,232
15 years$10,314$8,829$7,528$6,398$5,421$4,543
16 years$9,570$8,100$6,826$5,729$4,791$3,959
17 years$8,913$7,460$6,211$5,147$4,248$3,460
18 years$8,330$6,893$5,670$4,639$3,777$3,031
19 years$7,809$6,389$5,191$4,191$3,367$2,662
20 years$7,341$5,937$4,764$3,796$3,007$2,342
21 years$6,918$5,530$4,382$3,445$2,691$2,064
22 years$6,534$5,162$4,038$3,133$2,412$1,822
23 years$6,184$4,828$3,729$2,853$2,165$1,610
24 years$5,863$4,523$3,448$2,602$1,946$1,424
25 years$5,569$4,245$3,194$2,376$1,751$1,261
26 years$5,297$3,990$2,962$2,173$1,578$1,117
27 years$5,047$3,755$2,751$1,989$1,422$991
28 years$4,814$3,538$2,557$1,822$1,283$880
29 years$4,598$3,338$2,380$1,671$1,159$781
30 years$4,397$3,152$2,216$1,533$1,047$694
31 years$4,209$2,980$2,066$1,408$947$617
32 years$4,033$2,819$1,928$1,294$856$548
33 years$3,868$2,670$1,800$1,190$775$488
34 years$3,713$2,531$1,682$1,095$702$434
35 years$3,568$2,400$1,573$1,008$636$386
36 years$3,431$2,278$1,471$928$576$344
37 years$3,301$2,164$1,377$855$522$306
38 years$3,179$2,056$1,289$788$473$273
39 years$3,063$1,955$1,208$727$429$243
40 years$2,953$1,860$1,132$671$389$216
41 years$2,849$1,771$1,062$619$353$193
42 years$2,750$1,687$996$571$320$172
43 years$2,656$1,607$935$527$291$153
44 years$2,566$1,532$877$487$264$137
45 years$2,481$1,461$824$449$240$122
46 years$2,400$1,393$774$415$218$109
47 years$2,322$1,330$727$384$198$97
48 years$2,248$1,269$683$354$179$86
49 years$2,177$1,212$642$328$163$77
50 years$2,109$1,158$604$303$148$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,160,000, adding $2,120 every year, while hoping to spend $57,523 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: 56/22/22 Blend
62$2,160,000$2,160,000$2,160,000$2,160,000
63$2,382,507$2,268,027$2,234,547$2,501,612
64$2,564,318$2,317,956$2,248,200$2,633,210
65$2,762,747$2,368,404$2,260,383$2,770,222
66$2,979,427$2,419,335$2,270,985$2,918,253
67$3,216,156$2,470,711$2,279,891$3,078,380
68$3,474,916$2,522,488$2,286,980$3,251,786
69$3,757,887$2,574,619$2,292,123$3,439,778
70$4,067,470$2,627,054$2,295,187$3,643,794
71$4,406,308$2,679,735$2,296,032$3,865,423
72$4,777,312$2,732,603$2,294,510$4,106,412
73$5,183,688$2,785,591$2,290,466$4,368,689
74$5,628,965$2,838,626$2,283,738$4,654,380
75$6,117,032$2,891,631$2,274,155$4,965,828
76$6,652,170$2,944,521$2,261,540$5,305,614
77$7,239,094$2,997,206$2,245,705$5,676,585
78$7,883,000$3,049,587$2,226,454$6,081,881
79$8,589,608$3,101,558$2,203,582$6,524,960
80$9,365,219$3,153,006$2,176,874$7,009,637
81$10,216,777$3,203,809$2,146,104$7,540,117
82$11,151,927$3,253,834$2,111,037$8,121,035
83$12,179,093$3,302,942$2,071,427$8,757,500
84$13,307,555$3,350,980$2,027,014$9,455,146
85$14,547,535$3,397,787$1,977,528$10,220,182
86$15,910,295$3,443,190$1,922,686$11,059,456
87$17,408,242$3,487,004$1,862,194$11,980,513
88$19,055,045$3,529,030$1,795,740$12,991,674
89$20,865,764$3,569,057$1,723,001$14,102,109
90$22,856,990$3,606,859$1,643,640$15,321,929
91$25,047,003$3,642,195$1,557,302$16,662,279
92$27,455,943$3,674,808$1,463,618$18,135,445
93$30,106,001$3,704,425$1,362,200$19,754,970
94$33,021,626$3,730,755$1,252,647$21,535,784
95$36,229,756$3,753,486$1,134,534$23,494,344
96$39,760,072$3,772,288$1,007,423$25,648,791
97$43,645,280$3,786,811$870,852$28,019,121
98$47,921,414$3,796,680$724,341$30,627,378
99$52,628,179$3,801,498$567,387$33,497,859
100$57,809,326$3,800,844$399,468$36,657,347