Can I retire at age 63 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$220,486$218,522$216,606$214,736$212,910$206,840
2 years$109,152$107,119$105,149$103,238$101,385$95,318
3 years$72,045$70,003$68,038$66,146$64,323$58,448
4 years$53,495$51,460$49,514$47,654$45,876$40,237
5 years$42,368$40,345$38,425$36,603$34,874$29,488
6 years$34,953$32,945$31,053$29,272$27,595$22,466
7 years$29,658$27,667$25,805$24,066$22,442$17,571
8 years$25,689$23,716$21,885$20,188$18,618$14,001
9 years$22,603$20,649$18,850$17,196$15,679$11,312
10 years$20,136$18,201$16,433$14,823$13,359$9,237
11 years$18,119$16,203$14,468$12,901$11,489$7,604
12 years$16,439$14,543$12,840$11,316$9,956$6,302
13 years$15,019$13,143$11,471$9,990$8,682$5,249
14 years$13,803$11,946$10,307$8,868$7,611$4,391
15 years$12,750$10,913$9,306$7,909$6,701$3,686
16 years$11,829$10,013$8,437$7,081$5,922$3,103
17 years$11,018$9,221$7,678$6,362$5,251$2,619
18 years$10,297$8,521$7,009$5,734$4,669$2,214
19 years$9,653$7,897$6,416$5,181$4,162$1,876
20 years$9,074$7,338$5,888$4,692$3,717$1,591
21 years$8,552$6,835$5,416$4,259$3,327$1,351
22 years$8,077$6,381$4,992$3,872$2,982$1,148
23 years$7,644$5,968$4,609$3,526$2,677$977
24 years$7,248$5,591$4,263$3,216$2,406$831
25 years$6,884$5,247$3,948$2,937$2,165$708
26 years$6,548$4,931$3,662$2,686$1,950$603
27 years$6,238$4,641$3,400$2,458$1,758$514
28 years$5,951$4,373$3,161$2,252$1,586$439
29 years$5,684$4,126$2,941$2,065$1,432$374
30 years$5,435$3,896$2,740$1,896$1,294$319
31 years$5,203$3,683$2,554$1,741$1,170$273
32 years$4,985$3,485$2,383$1,600$1,059$233
33 years$4,782$3,300$2,225$1,471$958$199
34 years$4,590$3,128$2,079$1,354$867$170
35 years$4,410$2,967$1,944$1,246$786$145
36 years$4,241$2,816$1,818$1,148$712$124
37 years$4,080$2,675$1,702$1,057$645$106
38 years$3,929$2,542$1,594$975$585$90
39 years$3,786$2,417$1,493$899$530$77
40 years$3,650$2,300$1,400$829$481$66
41 years$3,522$2,189$1,312$765$436$56
42 years$3,399$2,085$1,231$706$396$48
43 years$3,283$1,986$1,155$652$359$41
44 years$3,172$1,893$1,084$602$326$35
45 years$3,067$1,806$1,018$556$296$30
46 years$2,966$1,722$956$513$269$26
47 years$2,870$1,644$898$474$244$22
48 years$2,779$1,569$844$438$222$19
49 years$2,691$1,498$794$405$201$16
50 years$2,607$1,431$746$374$183$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,670,000, adding $3,590 every year, while hoping to spend $39,222 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: 66/10/24 Blend
62$2,670,000$2,670,000$2,670,000$2,670,000
63$2,946,043$2,804,533$2,763,148$3,121,986
64$3,204,808$2,900,223$2,813,982$3,336,483
65$3,488,651$2,999,288$2,865,204$3,566,131
66$3,800,092$3,101,850$2,916,785$3,816,310
67$4,141,900$3,208,040$2,968,697$4,089,041
68$4,517,130$3,317,990$3,020,904$4,386,553
69$4,929,145$3,431,840$3,073,372$4,711,296
70$5,381,651$3,549,733$3,126,063$5,065,972
71$5,878,728$3,671,819$3,178,936$5,453,555
72$6,424,875$3,798,255$3,231,947$5,877,322
73$7,025,044$3,929,200$3,285,048$6,340,879
74$7,684,692$4,064,825$3,338,191$6,848,202
75$8,409,832$4,205,303$3,391,322$7,403,670
76$9,207,087$4,350,814$3,444,383$8,012,103
77$10,083,754$4,501,549$3,497,315$8,678,815
78$11,047,875$4,657,703$3,550,052$9,409,659
79$12,108,306$4,819,478$3,602,527$10,211,081
80$13,274,808$4,987,088$3,654,667$11,090,184
81$14,558,135$5,160,751$3,706,394$12,054,794
82$15,970,133$5,340,696$3,757,627$13,113,531
83$17,523,858$5,527,162$3,808,279$14,275,895
84$19,233,693$5,720,394$3,858,258$15,552,349
85$21,115,487$5,920,651$3,907,466$16,954,424
86$23,186,702$6,128,198$3,955,802$18,494,824
87$25,466,581$6,343,315$4,003,157$20,187,546
88$27,976,325$6,566,290$4,049,415$22,048,012
89$30,739,295$6,797,424$4,094,456$24,093,215
90$33,781,234$7,037,028$4,138,151$26,341,880
91$37,130,507$7,285,429$4,180,365$28,814,638
92$40,818,368$7,542,965$4,220,957$31,534,220
93$44,879,258$7,809,987$4,259,776$34,525,678
94$49,351,128$8,086,862$4,296,664$37,816,611
95$54,275,795$8,373,970$4,331,455$41,437,435
96$59,699,341$8,671,709$4,363,973$45,421,663
97$65,672,541$8,980,491$4,394,034$49,806,223
98$72,251,350$9,300,744$4,421,443$54,631,809
99$79,497,424$9,632,917$4,445,998$59,943,262
100$87,478,705$9,977,474$4,467,483$65,789,993