Can I retire at age 63 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$280,769$278,268$275,828$273,446$271,121$269,638
2 years$138,994$136,406$133,897$131,465$129,105$127,609
3 years$91,743$89,143$86,640$84,231$81,910$80,447
4 years$68,121$65,529$63,052$60,683$58,419$57,000
5 years$53,952$51,376$48,931$46,611$44,409$43,038
6 years$44,509$41,952$39,543$37,275$35,139$33,819
7 years$37,767$35,231$32,861$30,646$28,578$27,308
8 years$32,712$30,200$27,869$25,708$23,708$22,489
9 years$28,783$26,294$24,003$21,897$19,965$18,797
10 years$25,642$23,177$20,926$18,876$17,012$15,893
11 years$23,073$20,633$18,423$16,428$14,631$13,562
12 years$20,934$18,519$16,350$14,409$12,679$11,658
13 years$19,126$16,736$14,608$12,721$11,056$10,083
14 years$17,577$15,213$13,125$11,292$9,692$8,764
15 years$16,236$13,897$11,850$10,071$8,533$7,651
16 years$15,063$12,750$10,744$9,017$7,542$6,703
17 years$14,030$11,742$9,777$8,102$6,687$5,891
18 years$13,112$10,851$8,925$7,302$5,946$5,191
19 years$12,293$10,056$8,170$6,598$5,300$4,585
20 years$11,556$9,345$7,498$5,975$4,734$4,057
21 years$10,890$8,704$6,897$5,423$4,236$3,597
22 years$10,285$8,125$6,357$4,931$3,797$3,193
23 years$9,734$7,599$5,869$4,491$3,408$2,839
24 years$9,229$7,120$5,428$4,096$3,064$2,527
25 years$8,766$6,682$5,027$3,740$2,757$2,251
26 years$8,339$6,280$4,663$3,420$2,483$2,008
27 years$7,944$5,910$4,330$3,130$2,239$1,792
28 years$7,578$5,569$4,025$2,868$2,020$1,600
29 years$7,238$5,254$3,746$2,630$1,824$1,430
30 years$6,921$4,962$3,489$2,414$1,648$1,279
31 years$6,625$4,690$3,253$2,217$1,490$1,144
32 years$6,348$4,438$3,035$2,037$1,348$1,024
33 years$6,089$4,203$2,834$1,874$1,220$917
34 years$5,845$3,983$2,648$1,724$1,104$821
35 years$5,616$3,778$2,475$1,587$1,000$736
36 years$5,400$3,586$2,316$1,461$906$660
37 years$5,196$3,406$2,167$1,347$821$591
38 years$5,003$3,237$2,030$1,241$745$530
39 years$4,821$3,078$1,901$1,144$675$476
40 years$4,648$2,928$1,782$1,056$613$427
41 years$4,484$2,788$1,671$974$556$383
42 years$4,329$2,655$1,568$899$504$344
43 years$4,181$2,529$1,471$830$458$308
44 years$4,040$2,411$1,381$766$415$277
45 years$3,905$2,299$1,297$707$377$248
46 years$3,777$2,193$1,218$654$342$223
47 years$3,655$2,093$1,144$604$311$200
48 years$3,538$1,998$1,075$558$282$180
49 years$3,426$1,908$1,011$516$256$161
50 years$3,320$1,823$950$477$233$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,400,000, adding $2,522 every year, while hoping to spend $28,808 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: 32/42/26 Blend
62$3,400,000$3,400,000$3,400,000$3,400,000
63$3,749,401$3,569,201$3,516,501$3,839,466
64$4,101,189$3,713,441$3,603,653$4,052,547
65$4,487,893$3,863,782$3,692,758$4,279,155
66$4,913,045$4,020,495$3,783,853$4,522,665
67$5,380,536$4,183,859$3,876,971$4,784,581
68$5,894,650$4,354,168$3,972,150$5,066,554
69$6,460,112$4,531,729$4,069,424$5,370,395
70$7,082,123$4,716,863$4,168,829$5,698,088
71$7,766,416$4,909,906$4,270,402$6,051,814
72$8,519,307$5,111,209$4,374,177$6,433,963
73$9,347,756$5,321,137$4,480,191$6,847,161
74$10,259,430$5,540,076$4,588,481$7,294,291
75$11,262,779$5,768,427$4,699,082$7,778,520
76$12,367,110$6,006,608$4,812,029$8,303,324
77$13,582,683$6,255,059$4,927,360$8,872,523
78$14,920,800$6,514,240$5,045,109$9,490,316
79$16,393,913$6,784,630$5,165,312$10,161,315
80$18,015,747$7,066,731$5,288,005$10,890,591
81$19,801,422$7,361,070$5,413,222$11,683,717
82$21,767,600$7,668,195$5,540,998$12,546,819
83$23,932,641$7,988,682$5,671,367$13,486,635
84$26,316,775$8,323,133$5,804,363$14,510,573
85$28,942,296$8,672,176$5,940,018$15,626,782
86$31,833,768$9,036,470$6,078,367$16,844,222
87$35,018,260$9,416,705$6,219,440$18,172,751
88$38,525,600$9,813,601$6,363,268$19,623,214
89$42,388,656$10,227,912$6,509,882$21,207,541
90$46,643,647$10,660,428$6,659,312$22,938,862
91$51,330,485$11,111,975$6,811,584$24,831,622
92$56,493,149$11,583,417$6,966,728$26,901,719
93$62,180,105$12,075,658$7,124,767$29,166,648
94$68,444,756$12,589,646$7,285,728$31,645,666
95$75,345,954$13,126,371$7,449,632$34,359,969
96$82,948,548$13,686,871$7,616,502$37,332,889
97$91,324,003$14,272,230$7,786,357$40,590,110
98$100,551,067$14,883,585$7,959,216$44,159,908
99$110,716,520$15,522,125$8,135,094$48,073,413
100$121,915,990$16,189,094$8,314,005$52,364,900