Can I retire at age 63 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$196,538$194,788$193,080$191,412$189,785$183,562
2 years$97,296$95,484$93,728$92,025$90,374$84,164
3 years$64,220$62,400$60,648$58,961$57,337$51,335
4 years$47,685$45,871$44,136$42,478$40,893$35,145
5 years$37,766$35,963$34,252$32,627$31,086$25,607
6 years$31,156$29,367$27,680$26,092$24,597$19,392
7 years$26,437$24,662$23,003$21,452$20,004$15,072
8 years$22,899$21,140$19,508$17,996$16,596$11,932
9 years$20,148$18,406$16,802$15,328$13,976$9,577
10 years$17,949$16,224$14,649$13,213$11,908$7,766
11 years$16,151$14,443$12,896$11,499$10,241$6,348
12 years$14,654$12,964$11,445$10,086$8,875$5,222
13 years$13,388$11,715$10,226$8,905$7,739$4,318
14 years$12,304$10,649$9,188$7,905$6,784$3,585
15 years$11,365$9,728$8,295$7,050$5,973$2,986
16 years$10,544$8,925$7,521$6,312$5,279$2,494
17 years$9,821$8,220$6,844$5,671$4,681$2,088
18 years$9,179$7,595$6,247$5,111$4,162$1,751
19 years$8,605$7,039$5,719$4,618$3,710$1,471
20 years$8,089$6,541$5,249$4,183$3,314$1,237
21 years$7,623$6,093$4,828$3,796$2,965$1,041
22 years$7,199$5,688$4,450$3,452$2,658$878
23 years$6,814$5,319$4,108$3,143$2,386$740
24 years$6,460$4,984$3,800$2,867$2,145$625
25 years$6,136$4,677$3,519$2,618$1,930$527
26 years$5,837$4,396$3,264$2,394$1,738$445
27 years$5,561$4,137$3,031$2,191$1,567$376
28 years$5,305$3,898$2,818$2,008$1,414$318
29 years$5,066$3,678$2,622$1,841$1,277$269
30 years$4,845$3,473$2,442$1,690$1,154$227
31 years$4,638$3,283$2,277$1,552$1,043$192
32 years$4,444$3,107$2,124$1,426$944$163
33 years$4,262$2,942$1,983$1,311$854$138
34 years$4,092$2,788$1,853$1,207$773$117
35 years$3,931$2,645$1,733$1,111$700$99
36 years$3,780$2,510$1,621$1,023$634$83
37 years$3,637$2,384$1,517$943$575$71
38 years$3,502$2,266$1,421$869$521$60
39 years$3,375$2,155$1,331$801$473$51
40 years$3,254$2,050$1,248$739$429$43
41 years$3,139$1,951$1,170$682$389$36
42 years$3,030$1,858$1,097$629$353$31
43 years$2,926$1,771$1,030$581$320$26
44 years$2,828$1,688$967$536$291$22
45 years$2,734$1,609$908$495$264$19
46 years$2,644$1,535$852$457$240$16
47 years$2,559$1,465$801$423$218$13
48 years$2,477$1,399$753$391$198$11
49 years$2,399$1,336$707$361$180$10
50 years$2,324$1,276$665$334$163$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,380,000, adding $3,345 every year, while hoping to spend $55,292 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: 86/8/6 Blend
62$2,380,000$2,380,000$2,380,000$2,380,000
63$2,626,210$2,500,070$2,463,180$2,851,137
64$2,835,254$2,563,744$2,486,867$3,061,896
65$3,063,766$2,628,684$2,509,493$3,285,488
66$3,313,675$2,694,894$2,530,966$3,529,399
67$3,587,103$2,762,377$2,551,187$3,795,634
68$3,886,387$2,831,133$2,570,051$4,086,402
69$4,214,100$2,901,160$2,587,450$4,404,134
70$4,573,076$2,972,455$2,603,267$4,751,509
71$4,966,435$3,045,010$2,617,381$5,131,477
72$5,397,615$3,118,819$2,629,667$5,547,285
73$5,870,399$3,193,869$2,639,988$6,002,513
74$6,388,958$3,270,146$2,648,206$6,501,102
75$6,957,883$3,347,635$2,654,172$7,047,393
76$7,582,232$3,426,313$2,657,731$7,646,168
77$8,267,575$3,506,158$2,658,721$8,302,696
78$9,020,050$3,587,143$2,656,971$9,022,779
79$9,846,417$3,669,234$2,652,301$9,812,810
80$10,754,122$3,752,397$2,644,524$10,679,834
81$11,751,369$3,836,592$2,633,442$11,631,609
82$12,847,196$3,921,772$2,618,850$12,676,683
83$14,051,559$4,007,888$2,600,530$13,824,476
84$15,375,426$4,094,882$2,578,256$15,085,364
85$16,830,882$4,182,694$2,551,789$16,470,779
86$18,431,240$4,271,253$2,520,882$17,993,318
87$20,191,167$4,360,486$2,485,273$19,666,860
88$22,126,826$4,450,310$2,444,689$21,506,698
89$24,256,021$4,540,634$2,398,845$23,529,682
90$26,598,370$4,631,359$2,347,441$25,754,375
91$29,175,488$4,722,380$2,290,165$28,201,237
92$32,011,190$4,813,580$2,226,688$30,892,807
93$35,131,718$4,904,832$2,156,669$33,853,924
94$38,565,985$4,996,000$2,079,748$37,111,954
95$42,345,848$5,086,936$1,995,552$40,697,057
96$46,506,410$5,177,482$1,903,689$44,642,461
97$51,086,350$5,267,464$1,803,749$48,984,784
98$56,128,287$5,356,699$1,695,304$53,764,375
99$61,679,182$5,444,987$1,577,906$59,025,697
100$67,790,781$5,532,114$1,451,089$64,817,743