Can I retire at age 63 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$188,280$186,603$184,967$183,370$181,810$175,012
2 years$93,208$91,472$89,790$88,159$86,576$79,805
3 years$61,521$59,778$58,100$56,484$54,928$48,396
4 years$45,681$43,943$42,282$40,694$39,175$32,933
5 years$36,180$34,452$32,812$31,257$29,780$23,844
6 years$29,847$28,133$26,517$24,996$23,564$17,938
7 years$25,326$23,626$22,036$20,551$19,164$13,847
8 years$21,936$20,252$18,688$17,239$15,898$10,885
9 years$19,302$17,633$16,096$14,684$13,389$8,672
10 years$17,195$15,542$14,033$12,658$11,408$6,979
11 years$15,472$13,836$12,354$11,016$9,811$5,661
12 years$14,038$12,419$10,964$9,663$8,502$4,620
13 years$12,825$11,223$9,796$8,531$7,414$3,788
14 years$11,787$10,201$8,802$7,573$6,499$3,119
15 years$10,887$9,319$7,947$6,753$5,722$2,576
16 years$10,101$8,550$7,205$6,047$5,057$2,133
17 years$9,408$7,874$6,556$5,433$4,484$1,770
18 years$8,793$7,276$5,985$4,896$3,987$1,471
19 years$8,243$6,744$5,479$4,424$3,554$1,224
20 years$7,749$6,266$5,028$4,007$3,174$1,020
21 years$7,302$5,837$4,625$3,637$2,841$851
22 years$6,897$5,449$4,263$3,307$2,546$711
23 years$6,527$5,096$3,936$3,011$2,286$594
24 years$6,189$4,775$3,640$2,747$2,054$496
25 years$5,878$4,481$3,371$2,508$1,849$415
26 years$5,592$4,211$3,127$2,293$1,665$347
27 years$5,327$3,963$2,903$2,099$1,501$290
28 years$5,082$3,734$2,699$1,923$1,355$243
29 years$4,854$3,523$2,512$1,764$1,223$204
30 years$4,641$3,327$2,340$1,619$1,105$170
31 years$4,443$3,145$2,181$1,487$999$143
32 years$4,257$2,976$2,035$1,366$904$120
33 years$4,083$2,818$1,900$1,256$818$100
34 years$3,920$2,671$1,775$1,156$741$84
35 years$3,766$2,534$1,660$1,064$671$70
36 years$3,621$2,405$1,553$980$608$59
37 years$3,484$2,284$1,453$903$551$49
38 years$3,355$2,171$1,361$832$499$41
39 years$3,233$2,064$1,275$767$453$35
40 years$3,117$1,964$1,195$708$411$29
41 years$3,007$1,869$1,121$653$373$24
42 years$2,903$1,780$1,051$603$338$20
43 years$2,803$1,696$986$556$307$17
44 years$2,709$1,617$926$514$279$14
45 years$2,619$1,542$869$474$253$12
46 years$2,533$1,471$817$438$230$10
47 years$2,451$1,404$767$405$209$8
48 years$2,373$1,340$721$374$189$7
49 years$2,298$1,280$678$346$172$6
50 years$2,226$1,222$637$320$156$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,280,000, adding $6,932 every year, while hoping to spend $54,449 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: 83/10/7 Blend
62$2,280,000$2,280,000$2,280,000$2,280,000
63$2,519,710$2,398,870$2,363,530$2,726,652
64$2,718,788$2,458,482$2,384,775$2,922,512
65$2,936,346$2,519,189$2,404,907$3,129,496
66$3,174,212$2,580,989$2,423,831$3,355,088
67$3,434,400$2,643,875$2,441,447$3,601,120
68$3,719,123$2,707,840$2,457,650$3,869,612
69$4,030,823$2,772,873$2,472,331$4,162,785
70$4,372,185$2,838,961$2,485,372$4,483,087
71$4,746,167$2,906,090$2,496,651$4,833,214
72$5,156,029$2,974,241$2,506,042$5,216,135
73$5,605,357$3,043,393$2,513,408$5,635,119
74$6,098,105$3,113,520$2,518,608$6,093,770
75$6,638,624$3,184,595$2,521,494$6,596,055
76$7,231,710$3,256,586$2,521,910$7,146,344
77$7,882,643$3,329,457$2,519,692$7,749,453
78$8,597,239$3,403,168$2,514,669$8,410,686
79$9,381,907$3,477,673$2,506,660$9,135,886
80$10,243,706$3,552,923$2,495,477$9,931,490
81$11,190,411$3,628,863$2,480,922$10,804,592
82$12,230,587$3,705,432$2,462,788$11,763,004
83$13,373,673$3,782,563$2,440,857$12,815,336
84$14,630,063$3,860,185$2,414,901$13,971,073
85$16,011,212$3,938,216$2,384,683$15,240,666
86$17,529,738$4,016,571$2,349,952$16,635,630
87$19,199,543$4,095,155$2,310,448$18,168,651
88$21,035,945$4,173,866$2,265,895$19,853,710
89$23,055,817$4,252,591$2,216,009$21,706,209
90$25,277,754$4,331,212$2,160,489$23,743,121
91$27,722,241$4,409,598$2,099,022$25,983,147
92$30,411,850$4,487,608$2,031,279$28,446,894
93$33,371,451$4,565,092$1,956,919$31,157,070
94$36,628,444$4,641,888$1,875,581$34,138,696
95$40,213,024$4,717,818$1,786,891$37,419,342
96$44,158,458$4,792,697$1,690,458$41,029,389
97$48,501,402$4,866,321$1,585,870$45,002,316
98$53,282,249$4,938,475$1,472,701$49,375,014
99$58,545,504$5,008,926$1,350,502$54,188,134
100$64,340,208$5,077,425$1,218,806$59,486,472