Can I retire at age 63 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$236,176$234,072$232,020$230,017$228,060$225,398
2 years$116,919$114,741$112,631$110,585$108,600$105,920
3 years$77,172$74,985$72,880$70,853$68,900$66,286
4 years$57,302$55,122$53,038$51,045$49,140$46,612
5 years$45,383$43,216$41,159$39,208$37,356$34,920
6 years$37,440$35,289$33,263$31,355$29,558$27,219
7 years$31,769$29,636$27,642$25,779$24,039$21,797
8 years$27,517$25,403$23,442$21,625$19,943$17,798
9 years$24,212$22,118$20,191$18,420$16,794$14,746
10 years$21,569$19,496$17,603$15,878$14,310$12,356
11 years$19,408$17,356$15,497$13,819$12,307$10,446
12 years$17,609$15,578$13,753$12,121$10,665$8,895
13 years$16,088$14,078$12,288$10,701$9,300$7,619
14 years$14,785$12,796$11,041$9,499$8,152$6,558
15 years$13,657$11,690$9,968$8,471$7,178$5,668
16 years$12,671$10,725$9,038$7,585$6,344$4,915
17 years$11,802$9,878$8,224$6,815$5,625$4,275
18 years$11,030$9,127$7,507$6,142$5,001$3,727
19 years$10,340$8,459$6,873$5,550$4,458$3,256
20 years$9,720$7,861$6,307$5,026$3,982$2,850
21 years$9,160$7,322$5,802$4,562$3,563$2,499
22 years$8,651$6,835$5,347$4,148$3,194$2,194
23 years$8,188$6,392$4,937$3,777$2,867$1,928
24 years$7,763$5,989$4,566$3,445$2,577$1,697
25 years$7,374$5,621$4,229$3,146$2,319$1,494
26 years$7,014$5,282$3,922$2,877$2,089$1,317
27 years$6,682$4,971$3,642$2,633$1,883$1,161
28 years$6,374$4,684$3,386$2,413$1,699$1,025
29 years$6,088$4,419$3,151$2,212$1,534$905
30 years$5,822$4,174$2,935$2,030$1,386$799
31 years$5,573$3,945$2,736$1,865$1,253$706
32 years$5,340$3,733$2,553$1,714$1,134$625
33 years$5,122$3,535$2,384$1,576$1,026$552
34 years$4,917$3,351$2,227$1,450$929$489
35 years$4,724$3,178$2,082$1,335$841$432
36 years$4,542$3,016$1,948$1,229$762$383
37 years$4,371$2,865$1,823$1,133$691$339
38 years$4,209$2,723$1,707$1,044$626$300
39 years$4,055$2,589$1,599$963$568$266
40 years$3,910$2,463$1,499$888$515$235
41 years$3,772$2,345$1,406$819$467$208
42 years$3,641$2,233$1,319$756$424$184
43 years$3,517$2,128$1,237$698$385$163
44 years$3,398$2,028$1,162$644$349$145
45 years$3,285$1,934$1,091$595$317$128
46 years$3,177$1,845$1,024$550$288$114
47 years$3,075$1,761$962$508$262$101
48 years$2,976$1,681$904$469$238$89
49 years$2,882$1,605$850$434$216$79
50 years$2,792$1,533$799$401$196$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,860,000, adding $3,942 every year, while hoping to spend $46,044 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: 75/5/20 Blend
62$2,860,000$2,860,000$2,860,000$2,860,000
63$3,155,786$3,004,206$2,959,876$3,377,286
64$3,428,686$3,102,422$3,010,042$3,622,903
65$3,727,878$3,203,907$3,060,344$3,886,038
66$4,055,996$3,308,773$3,110,740$4,173,281
67$4,415,941$3,417,135$3,161,183$4,487,025
68$4,810,905$3,529,114$3,211,621$4,829,908
69$5,244,410$3,644,832$3,262,002$5,204,832
70$5,720,329$3,764,419$3,312,269$5,614,996
71$6,242,934$3,888,006$3,362,361$6,063,924
72$6,816,927$4,015,732$3,412,214$6,555,497
73$7,447,489$4,147,739$3,461,759$7,093,991
74$8,140,329$4,284,174$3,510,924$7,684,116
75$8,901,734$4,425,190$3,559,631$8,331,062
76$9,738,631$4,570,945$3,607,800$9,040,545
77$10,658,654$4,721,603$3,655,343$9,818,864
78$11,670,209$4,877,334$3,702,169$10,672,959
79$12,782,560$5,038,314$3,748,182$11,610,476
80$14,005,914$5,204,724$3,793,279$12,639,838
81$15,351,515$5,376,753$3,837,352$13,770,328
82$16,831,753$5,554,598$3,880,286$15,012,171
83$18,460,278$5,738,459$3,921,963$16,376,636
84$20,252,131$5,928,549$3,962,253$17,876,139
85$22,223,884$6,125,083$4,001,024$19,524,360
86$24,393,795$6,328,287$4,038,133$21,336,374
87$26,781,985$6,538,395$4,073,433$23,328,791
88$29,410,620$6,755,649$4,106,766$25,519,912
89$32,304,127$6,980,300$4,137,967$27,929,907
90$35,489,422$7,212,609$4,166,862$30,580,997
91$38,996,160$7,452,844$4,193,269$33,497,671
92$42,857,020$7,701,285$4,216,995$36,706,912
93$47,108,011$7,958,222$4,237,839$40,238,455
94$51,788,808$8,223,956$4,255,587$44,125,066
95$56,943,135$8,498,798$4,270,017$48,402,850
96$62,619,166$8,783,071$4,280,895$53,111,594
97$68,869,990$9,077,109$4,287,973$58,295,142
98$75,754,103$9,381,262$4,290,995$64,001,806
99$83,335,966$9,695,888$4,289,687$70,284,827
100$91,686,609$10,021,362$4,283,767$77,202,873