Can I retire at age 63 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$225,441$223,433$221,474$219,561$217,694$214,264
2 years$111,604$109,526$107,511$105,558$103,664$100,217
3 years$73,664$71,576$69,567$67,632$65,769$62,412
4 years$54,697$52,616$50,627$48,725$46,907$43,667
5 years$43,320$41,252$39,289$37,426$35,658$32,543
6 years$35,738$33,685$31,751$29,930$28,215$25,230
7 years$30,324$28,289$26,385$24,607$22,946$20,091
8 years$26,266$24,249$22,377$20,642$19,036$16,311
9 years$23,111$21,113$19,273$17,582$16,031$13,434
10 years$20,589$18,610$16,803$15,156$13,659$11,189
11 years$18,526$16,567$14,793$13,190$11,747$9,401
12 years$16,809$14,870$13,128$11,570$10,180$7,954
13 years$15,357$13,438$11,729$10,214$8,877$6,769
14 years$14,113$12,215$10,539$9,067$7,782$5,787
15 years$13,036$11,158$9,515$8,086$6,852$4,967
16 years$12,095$10,238$8,627$7,240$6,056$4,278
17 years$11,265$9,429$7,850$6,505$5,369$3,694
18 years$10,529$8,712$7,166$5,863$4,774$3,198
19 years$9,870$8,075$6,560$5,297$4,255$2,774
20 years$9,278$7,503$6,021$4,798$3,801$2,410
21 years$8,744$6,989$5,538$4,354$3,401$2,097
22 years$8,258$6,524$5,104$3,959$3,049$1,827
23 years$7,816$6,102$4,713$3,606$2,737$1,594
24 years$7,410$5,717$4,358$3,289$2,460$1,391
25 years$7,038$5,365$4,037$3,003$2,214$1,216
26 years$6,695$5,042$3,744$2,746$1,994$1,063
27 years$6,378$4,745$3,477$2,514$1,798$930
28 years$6,085$4,472$3,232$2,303$1,622$814
29 years$5,811$4,218$3,008$2,112$1,465$713
30 years$5,557$3,984$2,801$1,938$1,323$625
31 years$5,320$3,766$2,612$1,780$1,196$548
32 years$5,097$3,563$2,437$1,636$1,082$480
33 years$4,889$3,375$2,275$1,504$979$421
34 years$4,693$3,198$2,126$1,384$887$369
35 years$4,509$3,034$1,987$1,274$803$324
36 years$4,336$2,879$1,859$1,173$728$284
37 years$4,172$2,735$1,740$1,081$660$250
38 years$4,017$2,599$1,630$997$598$219
39 years$3,871$2,471$1,527$919$542$192
40 years$3,732$2,351$1,431$848$492$169
41 years$3,601$2,238$1,342$782$446$148
42 years$3,476$2,132$1,259$722$405$130
43 years$3,357$2,031$1,181$666$367$114
44 years$3,244$1,936$1,109$615$334$100
45 years$3,136$1,846$1,041$568$303$88
46 years$3,033$1,761$978$525$275$78
47 years$2,935$1,681$919$485$250$68
48 years$2,841$1,604$863$448$227$60
49 years$2,751$1,532$811$414$206$53
50 years$2,665$1,464$763$383$187$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,730,000, adding $2,028 every year, while hoping to spend $34,804 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: 65/22/13 Blend
62$2,730,000$2,730,000$2,730,000$2,730,000
63$3,010,552$2,865,862$2,823,547$3,197,029
64$3,280,597$2,969,258$2,881,105$3,425,243
65$3,577,020$3,076,554$2,939,424$3,670,264
66$3,902,475$3,187,904$2,998,494$3,937,119
67$4,259,886$3,303,469$3,058,301$4,227,939
68$4,652,472$3,423,417$3,118,832$4,545,066
69$5,083,781$3,547,922$3,180,070$4,891,082
70$5,557,722$3,677,165$3,241,997$5,268,823
71$6,078,600$3,811,336$3,304,594$5,681,417
72$6,651,158$3,950,632$3,367,839$6,132,302
73$7,280,621$4,095,259$3,431,707$6,625,267
74$7,972,748$4,245,430$3,496,173$7,164,481
75$8,733,882$4,401,369$3,561,208$7,754,535
76$9,571,010$4,563,309$3,626,781$8,400,486
77$10,491,833$4,731,491$3,692,858$9,107,900
78$11,504,834$4,906,168$3,759,403$9,882,908
79$12,619,360$5,087,604$3,826,376$10,732,260
80$13,845,711$5,276,072$3,893,736$11,663,391
81$15,195,234$5,471,860$3,961,436$12,684,489
82$16,680,431$5,675,264$4,029,427$13,804,574
83$18,315,080$5,886,598$4,097,658$15,033,578
84$20,114,361$6,106,183$4,166,072$16,382,442
85$22,094,999$6,334,359$4,234,609$17,863,216
86$24,275,425$6,571,479$4,303,204$19,489,176
87$26,675,946$6,817,910$4,371,790$21,274,943
88$29,318,940$7,074,035$4,440,293$23,236,626
89$32,229,064$7,340,255$4,508,634$25,391,968
90$35,433,488$7,616,987$4,576,733$27,760,517
91$38,962,151$7,904,666$4,644,500$30,363,806
92$42,848,042$8,203,746$4,711,843$33,225,559
93$47,127,514$8,514,701$4,778,661$36,371,911
94$51,840,625$8,838,026$4,844,851$39,831,656
95$57,031,515$9,174,236$4,910,300$43,636,515
96$62,748,826$9,523,870$4,974,891$47,821,440
97$69,046,155$9,887,489$5,038,499$52,424,935
98$75,982,566$10,265,678$5,100,992$57,489,425
99$83,623,142$10,659,051$5,162,230$63,061,653
100$92,039,603$11,068,245$5,222,065$69,193,118