Can I retire at age 63 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$224,615$222,614$220,662$218,757$216,897$213,567
2 years$111,196$109,125$107,118$105,172$103,284$99,938
3 years$73,394$71,314$69,312$67,384$65,528$62,269
4 years$54,497$52,423$50,442$48,547$46,735$43,588
5 years$43,162$41,101$39,145$37,289$35,527$32,502
6 years$35,607$33,562$31,635$29,820$28,111$25,211
7 years$30,213$28,185$26,289$24,517$22,862$20,088
8 years$26,170$24,160$22,295$20,566$18,966$16,318
9 years$23,027$21,035$19,203$17,518$15,972$13,448
10 years$20,513$18,542$16,741$15,101$13,609$11,207
11 years$18,458$16,507$14,739$13,142$11,704$9,422
12 years$16,747$14,815$13,080$11,527$10,143$7,977
13 years$15,300$13,389$11,686$10,177$8,845$6,793
14 years$14,061$12,170$10,500$9,034$7,753$5,812
15 years$12,988$11,118$9,480$8,057$6,827$4,992
16 years$12,051$10,200$8,595$7,214$6,033$4,302
17 years$11,224$9,394$7,821$6,482$5,350$3,718
18 years$10,490$8,680$7,140$5,841$4,757$3,220
19 years$9,834$8,045$6,536$5,278$4,240$2,795
20 years$9,244$7,476$5,999$4,780$3,787$2,431
21 years$8,712$6,963$5,518$4,338$3,389$2,116
22 years$8,228$6,500$5,085$3,945$3,038$1,845
23 years$7,787$6,079$4,695$3,592$2,727$1,611
24 years$7,383$5,696$4,342$3,277$2,451$1,407
25 years$7,013$5,345$4,022$2,992$2,205$1,231
26 years$6,671$5,024$3,730$2,736$1,987$1,077
27 years$6,355$4,728$3,464$2,504$1,791$943
28 years$6,062$4,455$3,220$2,295$1,616$826
29 years$5,790$4,203$2,997$2,104$1,459$724
30 years$5,537$3,969$2,791$1,931$1,319$635
31 years$5,300$3,752$2,602$1,774$1,192$557
32 years$5,079$3,550$2,428$1,630$1,078$489
33 years$4,871$3,362$2,267$1,499$976$429
34 years$4,676$3,187$2,118$1,379$884$377
35 years$4,493$3,023$1,980$1,270$800$331
36 years$4,320$2,869$1,852$1,169$725$291
37 years$4,157$2,725$1,734$1,077$657$255
38 years$4,003$2,589$1,624$993$596$224
39 years$3,857$2,462$1,521$916$540$197
40 years$3,719$2,343$1,426$844$490$173
41 years$3,588$2,230$1,337$779$445$152
42 years$3,463$2,124$1,254$719$403$134
43 years$3,345$2,024$1,177$664$366$118
44 years$3,232$1,929$1,105$613$332$103
45 years$3,124$1,839$1,037$566$302$91
46 years$3,022$1,755$974$523$274$80
47 years$2,924$1,674$915$483$249$70
48 years$2,831$1,599$860$446$226$62
49 years$2,741$1,526$808$412$205$54
50 years$2,656$1,458$760$381$186$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,720,000, adding $3,378 every year, while hoping to spend $26,442 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: 61/26/13 Blend
62$2,720,000$2,720,000$2,720,000$2,720,000
63$3,000,924$2,856,764$2,814,604$3,174,315
64$3,278,885$2,968,612$2,880,760$3,403,067
65$3,584,311$3,085,053$2,948,245$3,649,276
66$3,919,976$3,206,287$3,017,076$3,917,302
67$4,288,936$3,332,517$3,087,271$4,209,259
68$4,694,557$3,463,961$3,158,845$4,527,469
69$5,140,549$3,600,841$3,231,813$4,874,489
70$5,630,997$3,743,394$3,306,190$5,253,133
71$6,170,403$3,891,865$3,381,992$5,666,495
72$6,763,727$4,046,510$3,459,232$6,117,983
73$7,416,435$4,207,596$3,537,924$6,611,343
74$8,134,547$4,375,404$3,618,080$7,150,703
75$8,924,698$4,550,227$3,699,713$7,740,603
76$9,794,198$4,732,369$3,782,834$8,386,042
77$10,751,102$4,922,150$3,867,454$9,092,524
78$11,804,283$5,119,904$3,953,583$9,866,106
79$12,963,520$5,325,980$4,041,229$10,713,458
80$14,239,589$5,540,742$4,130,399$11,641,923
81$15,644,361$5,764,573$4,221,102$12,659,588
82$17,190,918$5,997,869$4,313,341$13,775,356
83$18,893,675$6,241,048$4,407,121$14,999,031
84$20,768,516$6,494,546$4,502,446$16,341,410
85$22,832,943$6,758,817$4,599,316$17,814,382
86$25,106,241$7,034,337$4,697,732$19,431,041
87$27,609,663$7,321,604$4,797,691$21,205,810
88$30,366,625$7,621,140$4,899,190$23,154,570
89$33,402,932$7,933,486$5,002,224$25,294,817
90$36,747,018$8,259,214$5,106,785$27,645,818
91$40,430,215$8,598,917$5,212,864$30,228,797
92$44,487,051$8,953,218$5,320,449$33,067,133
93$48,955,573$9,322,768$5,429,526$36,186,576
94$53,877,705$9,708,248$5,540,079$39,615,494
95$59,299,648$10,110,368$5,652,089$43,385,134
96$65,272,311$10,529,875$5,765,532$47,529,919
97$71,851,794$10,967,547$5,880,386$52,087,771
98$79,099,919$11,424,199$5,996,621$57,100,465
99$87,084,809$11,900,683$6,114,205$62,614,024
100$95,881,533$12,397,890$6,233,105$68,679,149