Can I retire at age 63 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$192,409$190,695$189,023$187,391$185,797$183,934
2 years$95,252$93,478$91,759$90,092$88,475$86,598
3 years$62,871$61,089$59,374$57,723$56,132$54,300
4 years$46,683$44,907$43,209$41,586$40,034$38,260
5 years$36,973$35,208$33,532$31,942$30,433$28,724
6 years$30,502$28,750$27,099$25,544$24,081$22,438
7 years$25,881$24,144$22,519$21,001$19,584$18,008
8 years$22,418$20,696$19,098$17,618$16,247$14,738
9 years$19,725$18,019$16,449$15,006$13,682$12,239
10 years$17,572$15,883$14,341$12,936$11,658$10,280
11 years$15,812$14,140$12,625$11,258$10,026$8,713
12 years$14,346$12,691$11,205$9,875$8,689$7,438
13 years$13,107$11,469$10,011$8,718$7,577$6,388
14 years$12,045$10,425$8,995$7,739$6,642$5,513
15 years$11,126$9,524$8,121$6,902$5,848$4,777
16 years$10,323$8,738$7,363$6,180$5,168$4,154
17 years$9,615$8,047$6,700$5,552$4,583$3,623
18 years$8,986$7,436$6,116$5,004$4,075$3,168
19 years$8,424$6,891$5,599$4,521$3,632$2,776
20 years$7,919$6,404$5,139$4,095$3,244$2,437
21 years$7,463$5,965$4,726$3,716$2,903$2,143
22 years$7,048$5,568$4,356$3,379$2,602$1,887
23 years$6,670$5,208$4,022$3,077$2,336$1,664
24 years$6,325$4,879$3,720$2,807$2,099$1,468
25 years$6,007$4,579$3,445$2,563$1,889$1,297
26 years$5,714$4,303$3,195$2,344$1,702$1,147
27 years$5,444$4,050$2,967$2,145$1,534$1,015
28 years$5,193$3,816$2,758$1,966$1,384$898
29 years$4,960$3,600$2,567$1,802$1,250$796
30 years$4,743$3,400$2,391$1,654$1,130$705
31 years$4,540$3,214$2,229$1,519$1,021$625
32 years$4,350$3,041$2,080$1,396$924$555
33 years$4,173$2,880$1,942$1,284$836$492
34 years$4,006$2,730$1,814$1,181$757$437
35 years$3,849$2,589$1,696$1,087$686$388
36 years$3,701$2,457$1,587$1,002$621$344
37 years$3,561$2,334$1,485$923$563$306
38 years$3,429$2,218$1,391$851$510$272
39 years$3,304$2,109$1,303$784$463$241
40 years$3,185$2,007$1,221$723$420$215
41 years$3,073$1,910$1,145$667$381$191
42 years$2,966$1,819$1,074$616$346$169
43 years$2,865$1,733$1,008$569$314$151
44 years$2,768$1,652$946$525$285$134
45 years$2,676$1,576$889$485$258$119
46 years$2,589$1,503$835$448$235$106
47 years$2,505$1,434$784$414$213$94
48 years$2,425$1,369$737$382$194$84
49 years$2,348$1,308$692$353$176$74
50 years$2,275$1,249$651$327$160$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,330,000, adding $3,399 every year, while hoping to spend $29,890 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: 81/9/10 Blend
62$2,330,000$2,330,000$2,330,000$2,330,000
63$2,571,166$2,447,676$2,411,561$2,775,077
64$2,801,622$2,535,809$2,460,546$2,997,362
65$3,054,583$2,627,260$2,510,169$3,237,013
66$3,332,313$2,722,157$2,560,422$3,499,166
67$3,637,305$2,820,639$2,611,293$3,786,059
68$3,972,307$2,922,848$2,662,768$4,100,158
69$4,340,345$3,028,930$2,714,833$4,444,174
70$4,744,753$3,139,040$2,767,473$4,821,099
71$5,189,204$3,253,339$2,820,669$5,234,222
72$5,677,744$3,371,994$2,874,403$5,687,171
73$6,214,832$3,495,180$2,928,653$6,183,939
74$6,805,378$3,623,077$2,983,397$6,728,925
75$7,454,794$3,755,875$3,038,608$7,326,973
76$8,169,041$3,893,771$3,094,259$7,983,422
77$8,954,688$4,036,970$3,150,321$8,704,151
78$9,818,971$4,185,687$3,206,763$9,495,637
79$10,769,865$4,340,145$3,263,548$10,365,015
80$11,816,155$4,500,576$3,320,641$11,320,145
81$12,967,521$4,667,222$3,378,000$12,369,687
82$14,234,629$4,840,337$3,435,584$13,523,182
83$15,629,232$5,020,184$3,493,347$14,791,139
84$17,164,278$5,207,037$3,551,238$16,185,139
85$18,854,036$5,401,184$3,609,206$17,717,940
86$20,714,228$5,602,922$3,667,195$19,403,597
87$22,762,177$5,812,563$3,725,144$21,257,598
88$25,016,973$6,030,433$3,782,990$23,297,006
89$27,499,649$6,256,869$3,840,666$25,540,622
90$30,233,383$6,492,225$3,898,098$28,009,160
91$33,243,714$6,736,870$3,955,210$30,725,444
92$36,558,784$6,991,189$4,011,921$33,714,622
93$40,209,605$7,255,581$4,068,145$37,004,405
94$44,230,346$7,530,466$4,123,789$40,625,325
95$48,658,663$7,816,281$4,178,758$44,611,023
96$53,536,048$8,113,480$4,232,948$48,998,571
97$58,908,224$8,422,539$4,286,250$53,828,813
98$64,825,574$8,743,955$4,338,551$59,146,760
99$71,343,618$9,078,244$4,389,727$65,002,006
100$78,523,536$9,425,947$4,439,653$71,449,199