Can I retire at age 63 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$194,887$193,151$191,457$189,804$188,190$187,397
2 years$96,479$94,682$92,940$91,252$89,614$88,814
3 years$63,680$61,876$60,139$58,466$56,855$56,072
4 years$47,284$45,485$43,765$42,121$40,549$39,789
5 years$37,449$35,661$33,964$32,353$30,825$30,090
6 years$30,895$29,120$27,448$25,873$24,391$23,683
7 years$26,215$24,455$22,809$21,272$19,836$19,155
8 years$22,706$20,962$19,344$17,844$16,456$15,801
9 years$19,979$18,251$16,661$15,199$13,858$13,231
10 years$17,798$16,088$14,525$13,102$11,808$11,207
11 years$16,015$14,322$12,788$11,403$10,155$9,580
12 years$14,531$12,855$11,349$10,002$8,800$8,251
13 years$13,275$11,617$10,140$8,830$7,674$7,149
14 years$12,200$10,559$9,110$7,838$6,727$6,227
15 years$11,269$9,646$8,226$6,990$5,923$5,447
16 years$10,456$8,850$7,458$6,259$5,235$4,782
17 years$9,738$8,151$6,786$5,624$4,642$4,211
18 years$9,102$7,532$6,195$5,068$4,127$3,718
19 years$8,532$6,980$5,671$4,580$3,679$3,291
20 years$8,021$6,486$5,205$4,148$3,286$2,919
21 years$7,559$6,042$4,787$3,764$2,940$2,593
22 years$7,139$5,640$4,412$3,423$2,636$2,307
23 years$6,756$5,275$4,074$3,117$2,366$2,056
24 years$6,406$4,942$3,768$2,843$2,127$1,834
25 years$6,084$4,638$3,490$2,596$1,914$1,638
26 years$5,788$4,359$3,236$2,374$1,724$1,464
27 years$5,514$4,102$3,005$2,173$1,554$1,310
28 years$5,260$3,866$2,794$1,991$1,402$1,173
29 years$5,024$3,647$2,600$1,826$1,266$1,050
30 years$4,804$3,444$2,422$1,675$1,144$942
31 years$4,599$3,256$2,258$1,539$1,034$844
32 years$4,407$3,080$2,106$1,414$936$758
33 years$4,226$2,917$1,967$1,300$847$680
34 years$4,057$2,765$1,838$1,197$767$611
35 years$3,898$2,622$1,718$1,101$694$549
36 years$3,748$2,489$1,607$1,014$629$493
37 years$3,607$2,364$1,504$935$570$443
38 years$3,473$2,247$1,409$862$517$398
39 years$3,346$2,136$1,320$794$469$358
40 years$3,226$2,033$1,237$733$425$322
41 years$3,113$1,935$1,160$676$386$290
42 years$3,005$1,843$1,088$624$350$261
43 years$2,902$1,756$1,021$576$318$235
44 years$2,804$1,674$958$532$288$211
45 years$2,711$1,596$900$491$262$190
46 years$2,622$1,522$845$454$238$171
47 years$2,537$1,453$794$419$216$154
48 years$2,456$1,387$746$387$196$139
49 years$2,378$1,324$701$358$178$125
50 years$2,304$1,265$659$331$162$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,360,000, adding $4,505 every year, while hoping to spend $34,930 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: 73/17/10 Blend
62$2,360,000$2,360,000$2,360,000$2,360,000
63$2,605,367$2,480,287$2,443,707$2,790,380
64$2,833,949$2,564,656$2,488,406$2,997,532
65$3,084,676$2,651,988$2,533,431$3,219,560
66$3,359,769$2,742,392$2,578,758$3,461,772
67$3,661,677$2,835,980$2,624,357$3,726,154
68$3,993,094$2,932,869$2,670,199$4,014,892
69$4,356,990$3,033,180$2,716,251$4,330,394
70$4,756,636$3,137,039$2,762,479$4,675,310
71$5,195,637$3,244,578$2,808,846$5,052,559
72$5,677,961$3,355,931$2,855,311$5,465,355
73$6,207,981$3,471,240$2,901,832$5,917,235
74$6,790,516$3,590,652$2,948,365$6,412,098
75$7,430,873$3,714,318$2,994,859$6,954,236
76$8,134,900$3,842,397$3,041,265$7,548,376
77$8,909,039$3,975,054$3,087,527$8,199,724
78$9,760,388$4,112,459$3,133,586$8,914,015
79$10,696,767$4,254,789$3,179,381$9,697,565
80$11,726,793$4,402,230$3,224,846$10,557,332
81$12,859,959$4,554,972$3,269,911$11,500,980
82$14,106,724$4,713,215$3,314,503$12,536,952
83$15,478,614$4,877,166$3,358,542$13,674,547
84$16,988,326$5,047,040$3,401,946$14,924,011
85$18,649,851$5,223,061$3,444,627$16,296,630
86$20,478,606$5,405,462$3,486,493$17,804,839
87$22,491,579$5,594,484$3,527,445$19,462,335
88$24,707,485$5,790,379$3,567,380$21,284,210
89$27,146,950$5,993,409$3,606,188$23,287,091
90$29,832,698$6,203,845$3,643,755$25,489,296
91$32,789,770$6,421,970$3,679,957$27,911,008
92$36,045,759$6,648,079$3,714,668$30,574,463
93$39,631,069$6,882,477$3,747,752$33,504,161
94$43,579,202$7,125,483$3,779,066$36,727,096
95$47,927,077$7,377,428$3,808,461$40,273,011
96$52,715,373$7,638,657$3,835,779$44,174,675
97$57,988,917$7,909,527$3,860,854$48,468,198
98$63,797,105$8,190,411$3,883,510$53,193,365
99$70,194,367$8,481,699$3,903,565$58,394,014
100$77,240,684$8,783,794$3,920,826$64,118,449