Can I retire at age 63 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$179,197$177,600$176,043$174,523$173,039$168,242
2 years$88,711$87,059$85,458$83,905$82,399$77,602
3 years$58,553$56,894$55,297$53,759$52,278$47,631
4 years$43,477$41,823$40,242$38,730$37,285$32,824
5 years$34,434$32,790$31,229$29,749$28,343$24,080
6 years$28,407$26,775$25,238$23,790$22,427$18,366
7 years$24,104$22,486$20,973$19,559$18,239$14,380
8 years$20,878$19,275$17,787$16,408$15,131$11,472
9 years$18,370$16,782$15,320$13,976$12,743$9,280
10 years$16,365$14,793$13,356$12,047$10,857$7,587
11 years$14,726$13,169$11,758$10,485$9,338$6,254
12 years$13,361$11,820$10,435$9,196$8,092$5,190
13 years$12,207$10,682$9,323$8,119$7,056$4,329
14 years$11,218$9,709$8,377$7,207$6,185$3,626
15 years$10,362$8,870$7,563$6,428$5,446$3,048
16 years$9,614$8,138$6,857$5,755$4,813$2,570
17 years$8,954$7,494$6,240$5,171$4,268$2,172
18 years$8,369$6,925$5,696$4,660$3,795$1,839
19 years$7,846$6,418$5,215$4,211$3,382$1,560
20 years$7,375$5,964$4,786$3,814$3,021$1,325
21 years$6,950$5,555$4,402$3,461$2,704$1,127
22 years$6,564$5,186$4,057$3,147$2,423$959
23 years$6,212$4,850$3,746$2,866$2,175$817
24 years$5,890$4,544$3,464$2,614$1,955$697
25 years$5,595$4,265$3,209$2,387$1,759$595
26 years$5,322$4,008$2,976$2,183$1,585$508
27 years$5,070$3,772$2,763$1,998$1,429$433
28 years$4,836$3,554$2,569$1,831$1,289$370
29 years$4,619$3,353$2,391$1,679$1,164$316
30 years$4,417$3,167$2,227$1,541$1,052$270
31 years$4,228$2,994$2,076$1,415$951$231
32 years$4,052$2,832$1,937$1,300$860$198
33 years$3,886$2,682$1,808$1,196$779$169
34 years$3,731$2,542$1,690$1,100$705$145
35 years$3,584$2,411$1,580$1,013$638$124
36 years$3,446$2,289$1,478$933$578$106
37 years$3,316$2,174$1,383$859$524$91
38 years$3,193$2,066$1,295$792$475$78
39 years$3,077$1,964$1,214$730$431$66
40 years$2,967$1,869$1,138$674$391$57
41 years$2,862$1,779$1,067$622$355$49
42 years$2,763$1,694$1,001$574$322$42
43 years$2,668$1,614$939$530$292$36
44 years$2,578$1,539$881$489$265$30
45 years$2,493$1,467$827$452$241$26
46 years$2,411$1,400$777$417$219$22
47 years$2,333$1,336$730$385$198$19
48 years$2,258$1,275$686$356$180$16
49 years$2,187$1,218$645$329$164$14
50 years$2,119$1,163$606$304$149$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,170,000, adding $3,699 every year, while hoping to spend $45,672 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: 48/45/7 Blend
62$2,170,000$2,170,000$2,170,000$2,170,000
63$2,395,156$2,280,146$2,246,511$2,505,528
64$2,590,867$2,343,278$2,273,174$2,644,627
65$2,805,010$2,407,973$2,299,200$2,790,434
66$3,039,416$2,474,260$2,324,519$2,947,664
67$3,296,104$2,542,165$2,349,057$3,117,391
68$3,577,293$2,611,718$2,372,738$3,300,798
69$3,885,431$2,682,947$2,395,478$3,499,186
70$4,223,212$2,755,878$2,417,193$3,713,988
71$4,593,602$2,830,538$2,437,792$3,946,779
72$4,999,871$2,906,956$2,457,179$4,199,293
73$5,445,617$2,985,156$2,475,254$4,473,441
74$5,934,805$3,065,164$2,491,910$4,771,323
75$6,471,803$3,147,005$2,507,037$5,095,254
76$7,061,423$3,230,703$2,520,518$5,447,782
77$7,708,962$3,316,282$2,532,230$5,831,712
78$8,420,259$3,403,763$2,542,043$6,250,134
79$9,201,746$3,493,168$2,549,822$6,706,448
80$10,060,507$3,584,516$2,555,423$7,204,404
81$11,004,347$3,677,826$2,558,699$7,748,126
82$12,041,866$3,773,114$2,559,490$8,342,160
83$13,182,536$3,870,397$2,557,633$8,991,513
84$14,436,796$3,969,687$2,552,955$9,701,700
85$15,816,143$4,070,996$2,545,273$10,478,796
86$17,333,248$4,174,333$2,534,398$11,329,492
87$19,002,069$4,279,706$2,520,130$12,261,163
88$20,837,986$4,387,117$2,502,261$13,281,930
89$22,857,945$4,496,570$2,480,570$14,400,741
90$25,080,615$4,608,062$2,454,829$15,627,456
91$27,526,569$4,721,588$2,424,797$16,972,937
92$30,218,474$4,837,141$2,390,223$18,449,152
93$33,181,306$4,954,708$2,350,843$20,069,288
94$36,442,583$5,074,273$2,306,381$21,847,873
95$40,032,630$5,195,816$2,256,548$23,800,918
96$43,984,858$5,319,310$2,201,042$25,946,062
97$48,336,084$5,444,727$2,139,546$28,302,743
98$53,126,874$5,572,028$2,071,731$30,892,379
99$58,401,932$5,701,174$1,997,251$33,738,571
100$64,210,513$5,832,116$1,915,743$36,867,324