Can I retire at age 63 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$180,848$179,237$177,666$176,132$174,634$171,038
2 years$89,529$87,861$86,245$84,679$83,159$79,552
3 years$59,093$57,418$55,807$54,254$52,759$49,255
4 years$43,878$42,209$40,613$39,087$37,628$34,253
5 years$34,751$33,092$31,517$30,023$28,605$25,368
6 years$28,669$27,022$25,471$24,009$22,634$19,539
7 years$24,326$22,693$21,166$19,739$18,407$15,455
8 years$21,071$19,452$17,951$16,559$15,271$12,460
9 years$18,540$16,937$15,461$14,105$12,860$10,189
10 years$16,516$14,929$13,479$12,158$10,957$8,424
11 years$14,862$13,290$11,867$10,581$9,424$7,024
12 years$13,484$11,929$10,531$9,281$8,166$5,898
13 years$12,319$10,780$9,409$8,194$7,121$4,979
14 years$11,321$9,799$8,454$7,274$6,242$4,223
15 years$10,458$8,951$7,633$6,487$5,496$3,595
16 years$9,703$8,213$6,920$5,808$4,858$3,070
17 years$9,037$7,564$6,297$5,219$4,307$2,628
18 years$8,446$6,989$5,749$4,703$3,830$2,255
19 years$7,918$6,477$5,263$4,250$3,414$1,939
20 years$7,443$6,019$4,830$3,849$3,049$1,670
21 years$7,014$5,607$4,442$3,493$2,729$1,440
22 years$6,625$5,234$4,094$3,176$2,446$1,243
23 years$6,270$4,895$3,780$2,892$2,195$1,074
24 years$5,945$4,586$3,496$2,638$1,973$929
25 years$5,646$4,304$3,238$2,409$1,776$804
26 years$5,371$4,045$3,003$2,203$1,599$696
27 years$5,117$3,807$2,789$2,016$1,442$603
28 years$4,881$3,587$2,593$1,847$1,301$523
29 years$4,662$3,384$2,413$1,694$1,175$453
30 years$4,458$3,196$2,247$1,555$1,062$393
31 years$4,267$3,021$2,095$1,428$960$341
32 years$4,089$2,859$1,955$1,312$868$296
33 years$3,922$2,707$1,825$1,207$786$257
34 years$3,765$2,566$1,705$1,110$711$223
35 years$3,617$2,434$1,594$1,022$644$194
36 years$3,478$2,310$1,491$941$584$169
37 years$3,347$2,194$1,396$867$529$146
38 years$3,223$2,085$1,307$799$480$127
39 years$3,105$1,983$1,225$737$435$111
40 years$2,994$1,886$1,148$680$395$96
41 years$2,888$1,795$1,076$627$358$84
42 years$2,788$1,710$1,010$579$325$73
43 years$2,693$1,629$948$534$295$63
44 years$2,602$1,553$889$493$268$55
45 years$2,516$1,481$835$456$243$48
46 years$2,433$1,413$784$421$221$41
47 years$2,354$1,348$737$389$200$36
48 years$2,279$1,287$692$359$182$31
49 years$2,207$1,229$651$332$165$27
50 years$2,138$1,174$612$307$150$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,190,000, adding $5,812 every year, while hoping to spend $33,472 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: 72/19/9 Blend
62$2,190,000$2,190,000$2,190,000$2,190,000
63$2,419,375$2,303,305$2,269,360$2,589,271
64$2,630,537$2,380,553$2,309,770$2,779,539
65$2,862,116$2,460,464$2,350,411$2,983,087
66$3,116,159$2,543,134$2,391,257$3,205,030
67$3,394,921$2,628,661$2,432,278$3,447,175
68$3,700,885$2,717,148$2,473,441$3,711,510
69$4,036,788$2,808,700$2,514,713$4,000,224
70$4,405,642$2,903,429$2,556,058$4,315,726
71$4,810,768$3,001,447$2,597,437$4,660,670
72$5,255,824$3,102,875$2,638,808$5,037,978
73$5,744,837$3,207,836$2,680,128$5,450,867
74$6,282,247$3,316,456$2,721,348$5,902,880
75$6,872,942$3,428,869$2,762,420$6,397,918
76$7,522,311$3,545,212$2,803,290$6,940,278
77$8,236,288$3,665,628$2,843,901$7,534,693
78$9,021,411$3,790,266$2,884,193$8,186,374
79$9,884,885$3,919,279$2,924,104$8,901,064
80$10,834,647$4,052,827$2,963,565$9,685,084
81$11,879,442$4,191,077$3,002,506$10,545,401
82$13,028,906$4,334,200$3,040,850$11,489,687
83$14,293,654$4,482,376$3,078,518$12,526,394
84$15,685,384$4,635,790$3,115,426$13,664,831
85$17,216,985$4,794,635$3,151,485$14,915,257
86$18,902,657$4,959,112$3,186,600$16,288,970
87$20,758,049$5,129,429$3,220,671$17,798,417
88$22,800,401$5,305,802$3,253,595$19,457,312
89$25,048,711$5,488,456$3,285,259$21,280,764
90$27,523,913$5,677,624$3,315,549$23,285,418
91$30,249,073$5,873,548$3,344,341$25,489,612
92$33,249,608$6,076,481$3,371,506$27,913,552
93$36,553,523$6,286,685$3,396,907$30,579,498
94$40,191,681$6,504,430$3,420,401$33,511,979
95$44,198,086$6,730,001$3,441,838$36,738,017
96$48,610,210$6,963,690$3,461,059$40,287,389
97$53,469,344$7,205,804$3,477,897$44,192,902
98$58,820,989$7,456,659$3,492,178$48,490,705
99$64,715,280$7,716,586$3,503,717$53,220,627
100$71,207,468$7,985,928$3,512,320$58,426,556