Can I retire at age 63 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$237,002$234,891$232,831$230,821$228,858$226,751
2 years$117,328$115,143$113,025$110,972$108,980$106,857
3 years$77,441$75,247$73,135$71,101$69,141$67,069
4 years$57,502$55,314$53,223$51,224$49,312$47,305
5 years$45,542$43,367$41,303$39,345$37,486$35,551
6 years$37,571$35,413$33,379$31,464$29,662$27,801
7 years$31,880$29,739$27,738$25,869$24,123$22,337
8 years$27,613$25,492$23,524$21,701$20,012$18,301
9 years$24,296$22,196$20,261$18,484$16,853$15,217
10 years$21,645$19,564$17,664$15,933$14,360$12,797
11 years$19,476$17,417$15,551$13,867$12,350$10,859
12 years$17,671$15,632$13,802$12,163$10,702$9,282
13 years$16,144$14,127$12,331$10,738$9,332$7,982
14 years$14,837$12,841$11,079$9,532$8,181$6,897
15 years$13,705$11,731$10,003$8,501$7,203$5,985
16 years$12,715$10,763$9,069$7,612$6,366$5,212
17 years$11,843$9,912$8,253$6,839$5,645$4,552
18 years$11,068$9,159$7,534$6,163$5,019$3,986
19 years$10,376$8,489$6,897$5,569$4,473$3,497
20 years$9,754$7,888$6,329$5,044$3,996$3,075
21 years$9,192$7,347$5,822$4,578$3,576$2,708
22 years$8,682$6,859$5,366$4,162$3,205$2,388
23 years$8,216$6,415$4,954$3,791$2,877$2,109
24 years$7,791$6,010$4,582$3,457$2,586$1,864
25 years$7,399$5,640$4,244$3,157$2,327$1,649
26 years$7,039$5,301$3,936$2,887$2,096$1,460
27 years$6,706$4,989$3,655$2,642$1,890$1,294
28 years$6,397$4,701$3,398$2,421$1,705$1,148
29 years$6,110$4,435$3,162$2,220$1,540$1,018
30 years$5,842$4,188$2,945$2,038$1,391$904
31 years$5,592$3,959$2,746$1,871$1,258$803
32 years$5,359$3,746$2,562$1,720$1,138$713
33 years$5,140$3,548$2,392$1,581$1,030$634
34 years$4,934$3,362$2,235$1,455$932$564
35 years$4,741$3,189$2,089$1,340$844$501
36 years$4,558$3,027$1,955$1,234$765$446
37 years$4,386$2,875$1,829$1,137$693$397
38 years$4,224$2,732$1,713$1,048$629$353
39 years$4,070$2,598$1,605$966$570$314
40 years$3,924$2,472$1,504$891$517$280
41 years$3,785$2,353$1,411$822$469$249
42 years$3,654$2,241$1,323$759$426$222
43 years$3,529$2,135$1,242$700$386$197
44 years$3,410$2,035$1,166$647$351$176
45 years$3,297$1,941$1,094$597$318$157
46 years$3,188$1,851$1,028$552$289$139
47 years$3,085$1,767$966$510$262$124
48 years$2,987$1,687$907$471$238$111
49 years$2,892$1,611$853$435$216$99
50 years$2,802$1,539$802$402$197$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,870,000, adding $3,114 every year, while hoping to spend $50,558 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: 45/29/26 Blend
62$2,870,000$2,870,000$2,870,000$2,870,000
63$3,165,952$3,013,842$2,969,357$3,284,511
64$3,435,086$3,107,727$3,015,037$3,462,733
65$3,729,977$3,204,518$3,060,553$3,650,762
66$4,053,199$3,304,304$3,105,846$3,853,694
67$4,407,586$3,407,176$3,150,853$4,072,948
68$4,796,262$3,513,229$3,195,509$4,310,082
69$5,222,664$3,622,561$3,239,741$4,566,812
70$5,690,580$3,735,271$3,283,477$4,845,028
71$6,204,183$3,851,463$3,326,638$5,146,808
72$6,768,068$3,971,243$3,369,138$5,474,442
73$7,387,298$4,094,720$3,410,891$5,830,450
74$8,067,449$4,222,008$3,451,802$6,217,607
75$8,814,664$4,353,222$3,491,774$6,638,968
76$9,635,713$4,488,483$3,530,700$7,097,897
77$10,538,049$4,627,912$3,568,473$7,598,101
78$11,529,888$4,771,638$3,604,975$8,143,659
79$12,620,279$4,919,791$3,640,084$8,739,068
80$13,819,192$5,072,504$3,673,670$9,389,276
81$15,137,610$5,229,918$3,705,599$10,099,738
82$16,587,636$5,392,174$3,735,727$10,876,459
83$18,182,604$5,559,419$3,763,902$11,726,056
84$19,937,203$5,731,804$3,789,967$12,655,817
85$21,867,621$5,909,486$3,813,754$13,673,772
86$23,991,691$6,092,624$3,835,088$14,788,768
87$26,329,065$6,281,383$3,853,784$16,010,548
88$28,901,392$6,475,933$3,869,648$17,349,850
89$31,732,529$6,676,450$3,882,477$18,818,503
90$34,848,764$6,883,112$3,892,056$20,429,539
91$38,279,059$7,096,105$3,898,161$22,197,319
92$42,055,329$7,315,621$3,900,556$24,137,663
93$46,212,741$7,541,854$3,898,992$26,268,004
94$50,790,043$7,775,008$3,893,212$28,607,549
95$55,829,934$8,015,290$3,882,941$31,177,463
96$61,379,461$8,262,913$3,867,893$34,001,065
97$67,490,469$8,518,099$3,847,771$37,104,051
98$74,220,085$8,781,074$3,822,259$40,514,736
99$81,631,257$9,052,070$3,791,028$44,264,319
100$89,793,352$9,331,328$3,753,734$48,387,179