Can I retire at age 63 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$180,022$178,419$176,854$175,327$173,836$168,407
2 years$89,120$87,460$85,852$84,292$82,779$77,357
3 years$58,823$57,156$55,552$54,007$52,519$47,274
4 years$43,678$42,016$40,427$38,909$37,457$32,430
5 years$34,593$32,941$31,373$29,886$28,474$23,679
6 years$28,538$26,899$25,354$23,900$22,530$17,971
7 years$24,215$22,590$21,070$19,649$18,323$14,000
8 years$20,974$19,363$17,869$16,483$15,201$11,110
9 years$18,455$16,859$15,390$14,040$12,801$8,938
10 years$16,441$14,861$13,418$12,103$10,907$7,266
11 years$14,794$13,230$11,813$10,533$9,381$5,955
12 years$13,422$11,874$10,483$9,239$8,129$4,912
13 years$12,263$10,731$9,366$8,157$7,089$4,072
14 years$11,270$9,754$8,416$7,240$6,214$3,390
15 years$10,410$8,910$7,598$6,457$5,471$2,832
16 years$9,658$8,175$6,889$5,782$4,836$2,372
17 years$8,996$7,529$6,269$5,195$4,288$1,992
18 years$8,407$6,957$5,722$4,682$3,812$1,675
19 years$7,882$6,448$5,239$4,230$3,398$1,411
20 years$7,409$5,992$4,808$3,831$3,035$1,191
21 years$6,982$5,581$4,422$3,477$2,716$1,006
22 years$6,594$5,210$4,076$3,162$2,435$850
23 years$6,241$4,872$3,763$2,879$2,185$719
24 years$5,918$4,565$3,480$2,626$1,964$609
25 years$5,620$4,284$3,223$2,398$1,768$516
26 years$5,347$4,026$2,990$2,193$1,592$437
27 years$5,093$3,789$2,776$2,007$1,435$370
28 years$4,859$3,571$2,581$1,839$1,295$314
29 years$4,641$3,369$2,402$1,686$1,170$266
30 years$4,438$3,181$2,237$1,548$1,057$226
31 years$4,248$3,007$2,086$1,421$955$192
32 years$4,070$2,846$1,946$1,306$864$163
33 years$3,904$2,695$1,817$1,201$782$138
34 years$3,748$2,554$1,698$1,105$708$117
35 years$3,601$2,422$1,587$1,017$641$100
36 years$3,462$2,299$1,485$937$581$85
37 years$3,332$2,184$1,390$863$527$72
38 years$3,208$2,075$1,301$796$478$61
39 years$3,091$1,973$1,219$734$433$52
40 years$2,980$1,878$1,143$677$393$44
41 years$2,875$1,787$1,072$624$356$37
42 years$2,775$1,702$1,005$576$323$32
43 years$2,681$1,622$943$532$293$27
44 years$2,590$1,546$885$491$266$23
45 years$2,504$1,474$831$454$242$19
46 years$2,422$1,406$781$419$220$17
47 years$2,344$1,342$734$387$199$14
48 years$2,269$1,281$689$358$181$12
49 years$2,197$1,223$648$331$164$10
50 years$2,128$1,169$609$306$149$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,180,000, adding $4,393 every year, while hoping to spend $35,932 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: 41/38/21 Blend
62$2,180,000$2,180,000$2,180,000$2,180,000
63$2,406,891$2,291,351$2,257,561$2,490,524
64$2,614,163$2,365,396$2,294,958$2,624,691
65$2,841,372$2,441,865$2,332,404$2,766,039
66$3,090,514$2,520,838$2,369,861$2,918,300
67$3,363,787$2,602,400$2,407,293$3,082,493
68$3,663,612$2,686,637$2,444,656$3,259,737
69$3,992,657$2,773,638$2,481,908$3,451,263
70$4,353,857$2,863,496$2,519,001$3,658,425
71$4,750,449$2,956,306$2,555,886$3,882,712
72$5,185,998$3,052,167$2,592,511$4,125,764
73$5,664,428$3,151,182$2,628,819$4,389,382
74$6,190,067$3,253,457$2,664,752$4,675,551
75$6,767,679$3,359,102$2,700,246$4,986,454
76$7,402,513$3,468,229$2,735,235$5,324,493
77$8,100,353$3,580,956$2,769,649$5,692,314
78$8,867,571$3,697,404$2,803,414$6,092,826
79$9,711,185$3,817,699$2,836,450$6,529,235
80$10,638,931$3,941,971$2,868,676$7,005,070
81$11,659,328$4,070,354$2,900,003$7,524,215
82$12,781,766$4,202,987$2,930,339$8,090,947
83$14,016,587$4,340,015$2,959,587$8,709,976
84$15,375,190$4,481,587$2,987,644$9,386,489
85$16,870,131$4,627,856$3,014,402$10,126,197
86$18,515,246$4,778,982$3,039,746$10,935,391
87$20,325,780$4,935,131$3,063,556$11,820,999
88$22,318,530$5,096,474$3,085,706$12,790,651
89$24,512,007$5,263,187$3,106,064$13,852,752
90$26,926,602$5,435,455$3,124,488$15,016,560
91$29,584,790$5,613,466$3,140,832$16,292,270
92$32,511,330$5,797,417$3,154,942$17,691,116
93$35,733,507$5,987,513$3,166,654$19,225,471
94$39,281,386$6,183,962$3,175,798$20,908,967
95$43,188,096$6,386,984$3,182,195$22,756,620
96$47,490,139$6,596,804$3,185,657$24,784,971
97$52,227,743$6,813,657$3,185,985$27,012,248
98$57,445,230$7,037,784$3,182,974$29,458,527
99$63,191,445$7,269,436$3,176,404$32,145,930
100$69,520,207$7,508,874$3,166,049$35,098,829