Can I retire at age 63 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$237,828$235,709$233,642$231,625$229,655$225,203
2 years$117,736$115,544$113,419$111,358$109,360$104,892
3 years$77,711$75,509$73,389$71,348$69,382$65,038
4 years$57,703$55,507$53,409$51,402$49,484$45,298
5 years$45,701$43,518$41,447$39,482$37,617$33,600
6 years$37,702$35,536$33,496$31,574$29,765$25,922
7 years$31,991$29,843$27,835$25,959$24,207$20,539
8 years$27,709$25,581$23,606$21,776$20,082$16,588
9 years$24,381$22,273$20,332$18,548$16,912$13,589
10 years$21,720$19,632$17,726$15,989$14,410$11,255
11 years$19,544$17,478$15,606$13,915$12,393$9,403
12 years$17,732$15,687$13,850$12,205$10,739$7,910
13 years$16,200$14,176$12,374$10,776$9,365$6,691
14 years$14,888$12,886$11,118$9,565$8,209$5,687
15 years$13,752$11,772$10,038$8,531$7,228$4,851
16 years$12,759$10,800$9,101$7,638$6,388$4,151
17 years$11,884$9,947$8,281$6,863$5,664$3,562
18 years$11,107$9,191$7,560$6,185$5,036$3,063
19 years$10,413$8,518$6,921$5,589$4,489$2,639
20 years$9,788$7,916$6,351$5,062$4,010$2,278
21 years$9,224$7,373$5,842$4,594$3,588$1,969
22 years$8,712$6,882$5,384$4,177$3,216$1,703
23 years$8,245$6,437$4,972$3,804$2,887$1,475
24 years$7,818$6,031$4,598$3,469$2,595$1,279
25 years$7,425$5,660$4,259$3,168$2,335$1,109
26 years$7,063$5,319$3,950$2,897$2,103$963
27 years$6,729$5,006$3,668$2,652$1,896$837
28 years$6,419$4,717$3,409$2,429$1,711$727
29 years$6,131$4,450$3,173$2,228$1,545$632
30 years$5,862$4,203$2,955$2,045$1,396$550
31 years$5,612$3,973$2,755$1,878$1,262$478
32 years$5,377$3,759$2,571$1,726$1,142$416
33 years$5,158$3,560$2,400$1,587$1,033$362
34 years$4,951$3,374$2,243$1,460$936$315
35 years$4,757$3,200$2,097$1,344$847$275
36 years$4,574$3,038$1,961$1,238$768$239
37 years$4,401$2,885$1,836$1,141$696$208
38 years$4,238$2,742$1,719$1,051$631$181
39 years$4,084$2,607$1,611$969$572$158
40 years$3,937$2,480$1,510$894$519$138
41 years$3,799$2,361$1,416$825$471$120
42 years$3,667$2,249$1,328$761$427$105
43 years$3,541$2,143$1,246$703$388$91
44 years$3,422$2,042$1,170$649$352$79
45 years$3,308$1,948$1,098$599$319$69
46 years$3,200$1,858$1,031$554$290$60
47 years$3,096$1,773$969$511$263$53
48 years$2,997$1,693$911$473$239$46
49 years$2,902$1,616$856$437$217$40
50 years$2,812$1,544$805$404$197$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,880,000, adding $6,503 every year, while hoping to spend $33,133 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: 73/21/6 Blend
62$2,880,000$2,880,000$2,880,000$2,880,000
63$3,180,468$3,027,828$2,983,188$3,409,965
64$3,469,622$3,140,938$3,047,871$3,675,147
65$3,787,160$3,258,480$3,113,611$3,960,659
66$4,135,941$3,380,637$3,180,408$4,272,391
67$4,519,116$3,507,597$3,248,261$4,612,918
68$4,940,157$3,639,560$3,317,168$4,985,077
69$5,402,886$3,776,732$3,387,127$5,391,989
70$5,911,517$3,919,328$3,458,132$5,837,091
71$6,470,691$4,067,574$3,530,179$6,324,165
72$7,085,521$4,221,705$3,603,259$6,857,375
73$7,761,640$4,381,964$3,677,364$7,441,309
74$8,505,255$4,548,609$3,752,484$8,081,013
75$9,323,205$4,721,904$3,828,606$8,782,048
76$10,223,024$4,902,130$3,905,716$9,550,535
77$11,213,013$5,089,575$3,983,798$10,393,216
78$12,302,319$5,284,542$4,062,834$11,317,513
79$13,501,020$5,487,350$4,142,804$12,331,604
80$14,820,220$5,698,326$4,223,684$13,444,493
81$16,272,155$5,917,816$4,305,450$14,666,097
82$17,870,306$6,146,180$4,388,073$16,007,338
83$19,629,527$6,383,793$4,471,523$17,480,248
84$21,566,187$6,631,047$4,555,768$19,098,079
85$23,698,322$6,888,352$4,640,769$20,875,427
86$26,045,804$7,156,135$4,726,489$22,828,373
87$28,630,533$7,434,842$4,812,883$24,974,628
88$31,476,637$7,724,939$4,899,904$27,333,704
89$34,610,707$8,026,914$4,987,504$29,927,094
90$38,062,040$8,341,274$5,075,627$32,778,478
91$41,862,923$8,668,551$5,164,214$35,913,941
92$46,048,930$9,009,298$5,253,204$39,362,220
93$50,659,263$9,364,096$5,342,529$43,154,976
94$55,737,120$9,733,550$5,432,116$47,327,088
95$61,330,103$10,118,291$5,521,889$51,916,985
96$67,490,666$10,518,979$5,611,765$56,967,005
97$74,276,611$10,936,306$5,701,656$62,523,793
98$81,751,632$11,370,991$5,791,468$68,638,742
99$89,985,917$11,823,789$5,881,101$75,368,476
100$99,056,811$12,295,485$5,970,448$82,775,384