Can I retire at age 63 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$187,454$185,785$184,156$182,566$181,013$177,722
2 years$92,799$91,071$89,396$87,772$86,197$82,893
3 years$61,252$59,516$57,845$56,236$54,687$51,473
4 years$45,481$43,750$42,096$40,515$39,003$35,904
5 years$36,021$34,301$32,669$31,119$29,649$26,674
6 years$29,716$28,009$26,401$24,887$23,461$20,612
7 years$25,215$23,522$21,939$20,461$19,080$16,359
8 years$21,840$20,163$18,606$17,164$15,829$13,235
9 years$19,217$17,555$16,026$14,620$13,330$10,862
10 years$17,120$15,474$13,972$12,602$11,358$9,013
11 years$15,405$13,776$12,300$10,968$9,768$7,544
12 years$13,977$12,364$10,916$9,620$8,465$6,359
13 years$12,769$11,174$9,753$8,493$7,381$5,390
14 years$11,735$10,157$8,763$7,539$6,471$4,590
15 years$10,840$9,278$7,912$6,724$5,697$3,923
16 years$10,057$8,513$7,173$6,020$5,035$3,365
17 years$9,367$7,840$6,527$5,409$4,465$2,893
18 years$8,755$7,244$5,959$4,875$3,970$2,494
19 years$8,207$6,714$5,455$4,405$3,538$2,153
20 years$7,715$6,239$5,006$3,989$3,160$1,862
21 years$7,270$5,811$4,605$3,621$2,828$1,613
22 years$6,867$5,425$4,244$3,292$2,535$1,399
23 years$6,499$5,074$3,919$2,998$2,276$1,215
24 years$6,162$4,754$3,624$2,734$2,045$1,055
25 years$5,852$4,461$3,357$2,497$1,841$918
26 years$5,567$4,193$3,113$2,283$1,658$799
27 years$5,304$3,946$2,891$2,090$1,495$695
28 years$5,059$3,718$2,687$1,915$1,349$606
29 years$4,832$3,508$2,501$1,756$1,218$528
30 years$4,621$3,313$2,329$1,612$1,100$460
31 years$4,423$3,131$2,172$1,480$995$401
32 years$4,238$2,963$2,026$1,360$900$350
33 years$4,065$2,806$1,892$1,251$814$306
34 years$3,903$2,659$1,768$1,151$737$267
35 years$3,750$2,522$1,653$1,059$668$233
36 years$3,605$2,394$1,546$976$605$203
37 years$3,469$2,274$1,447$899$548$178
38 years$3,341$2,161$1,355$829$497$155
39 years$3,219$2,055$1,270$764$451$135
40 years$3,103$1,955$1,190$705$409$118
41 years$2,994$1,861$1,116$650$371$103
42 years$2,890$1,772$1,047$600$337$90
43 years$2,791$1,689$982$554$306$79
44 years$2,697$1,610$922$511$277$69
45 years$2,607$1,535$866$472$252$60
46 years$2,522$1,464$813$436$229$53
47 years$2,440$1,397$764$403$208$46
48 years$2,362$1,334$718$372$189$40
49 years$2,288$1,274$675$344$171$35
50 years$2,216$1,217$634$318$156$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,270,000, adding $2,710 every year, while hoping to spend $26,909 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: 40/47/13 Blend
62$2,270,000$2,270,000$2,270,000$2,270,000
63$2,504,335$2,384,025$2,348,840$2,594,695
64$2,731,147$2,472,212$2,398,896$2,747,020
65$2,980,191$2,563,817$2,449,726$2,908,853
66$3,253,707$2,658,981$2,501,328$3,083,335
67$3,554,162$2,757,848$2,553,700$3,271,622
68$3,884,274$2,860,570$2,606,837$3,474,987
69$4,247,037$2,967,305$2,660,732$3,694,827
70$4,645,748$3,078,216$2,715,380$3,932,675
71$5,084,041$3,193,476$2,770,772$4,190,217
72$5,565,920$3,313,262$2,826,899$4,469,305
73$6,095,794$3,437,763$2,883,751$4,771,974
74$6,678,524$3,567,172$2,941,315$5,100,458
75$7,319,462$3,701,692$2,999,578$5,457,218
76$8,024,507$3,841,534$3,058,524$5,844,955
77$8,800,158$3,986,921$3,118,136$6,266,640
78$9,653,576$4,138,082$3,178,395$6,725,542
79$10,592,650$4,295,257$3,239,281$7,225,253
80$11,626,074$4,458,698$3,300,770$7,769,727
81$12,763,425$4,628,667$3,362,838$8,363,311
82$14,015,259$4,805,435$3,425,457$9,010,789
83$15,393,203$4,989,290$3,488,598$9,717,423
84$16,910,072$5,180,527$3,552,228$10,489,004
85$18,579,984$5,379,458$3,616,312$11,331,905
86$20,418,498$5,586,407$3,680,814$12,253,138
87$22,442,756$5,801,712$3,745,692$13,260,421
88$24,671,647$6,025,726$3,810,904$14,362,249
89$27,125,987$6,258,819$3,876,401$15,567,973
90$29,828,712$6,501,374$3,942,134$16,887,887
91$32,805,094$6,753,796$4,008,049$18,333,321
92$36,082,984$7,016,502$4,074,089$19,916,752
93$39,693,069$7,289,931$4,140,192$21,651,914
94$43,669,166$7,574,542$4,206,292$23,553,931
95$48,048,538$7,870,811$4,272,320$25,639,455
96$52,872,247$8,179,240$4,338,201$27,926,823
97$58,185,542$8,500,348$4,403,856$30,436,226
98$64,038,283$8,834,680$4,469,201$33,189,901
99$70,485,414$9,182,806$4,534,146$36,212,335
100$77,587,483$9,545,320$4,598,596$39,530,498