Can I retire at age 63 with 3,500,000?

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 $3,500,000?

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$289,027$286,452$283,940$281,489$279,095$275,836
2 years$143,083$140,418$137,835$135,331$132,902$129,622
3 years$94,441$91,765$89,188$86,708$84,319$81,119
4 years$70,125$67,457$64,906$62,468$60,137$57,042
5 years$55,539$52,887$50,370$47,982$45,715$42,735
6 years$45,818$43,186$40,706$38,371$36,173$33,310
7 years$38,878$36,268$33,827$31,547$29,418$26,675
8 years$33,674$31,088$28,688$26,464$24,405$21,781
9 years$29,630$27,068$24,709$22,542$20,553$18,046
10 years$26,396$23,859$21,542$19,431$17,512$15,121
11 years$23,752$21,240$18,965$16,911$15,061$12,784
12 years$21,550$19,064$16,831$14,833$13,051$10,886
13 years$19,688$17,228$15,038$13,095$11,381$9,324
14 years$18,094$15,660$13,511$11,625$9,977$8,026
15 years$16,713$14,306$12,199$10,367$8,784$6,936
16 years$15,506$13,125$11,060$9,283$7,763$6,015
17 years$14,443$12,088$10,064$8,340$6,884$5,231
18 years$13,498$11,170$9,187$7,516$6,121$4,561
19 years$12,654$10,352$8,411$6,792$5,455$3,985
20 years$11,895$9,620$7,719$6,151$4,873$3,488
21 years$11,210$8,960$7,100$5,583$4,361$3,058
22 years$10,587$8,364$6,544$5,076$3,909$2,685
23 years$10,020$7,823$6,042$4,623$3,509$2,360
24 years$9,501$7,329$5,588$4,216$3,154$2,076
25 years$9,024$6,878$5,175$3,850$2,838$1,828
26 years$8,584$6,464$4,800$3,521$2,556$1,611
27 years$8,177$6,084$4,457$3,223$2,305$1,421
28 years$7,801$5,733$4,143$2,953$2,080$1,254
29 years$7,451$5,408$3,856$2,708$1,878$1,107
30 years$7,124$5,107$3,592$2,485$1,697$978
31 years$6,820$4,828$3,348$2,282$1,534$865
32 years$6,535$4,569$3,124$2,097$1,388$764
33 years$6,268$4,326$2,917$1,929$1,256$676
34 years$6,017$4,100$2,725$1,775$1,137$598
35 years$5,781$3,889$2,548$1,634$1,030$529
36 years$5,559$3,691$2,384$1,504$933$468
37 years$5,349$3,506$2,231$1,386$846$414
38 years$5,151$3,332$2,089$1,278$767$367
39 years$4,963$3,168$1,957$1,178$695$325
40 years$4,785$3,014$1,835$1,087$631$288
41 years$4,616$2,869$1,720$1,003$572$255
42 years$4,456$2,733$1,614$925$519$226
43 years$4,304$2,604$1,514$854$471$200
44 years$4,158$2,482$1,421$789$428$177
45 years$4,020$2,367$1,335$728$388$157
46 years$3,888$2,258$1,254$673$352$139
47 years$3,763$2,155$1,178$622$320$123
48 years$3,642$2,057$1,107$574$291$109
49 years$3,527$1,964$1,040$531$264$97
50 years$3,417$1,876$978$491$240$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,500,000, adding $3,273 every year, while hoping to spend $26,609 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: 55/20/25 Blend
62$3,500,000$3,500,000$3,500,000$3,500,000
63$3,860,376$3,674,876$3,620,626$4,045,991
64$4,225,823$3,826,633$3,713,605$4,325,704
65$4,627,653$3,984,935$3,808,807$4,627,130
66$5,069,550$4,150,073$3,906,279$4,954,862
67$5,555,572$4,322,354$4,006,067$5,311,437
68$6,090,189$4,502,098$4,108,219$5,699,645
69$6,678,327$4,689,640$4,212,784$6,122,554
70$7,325,415$4,885,331$4,319,810$6,583,540
71$8,037,431$5,089,535$4,429,347$7,086,316
72$8,820,964$5,302,638$4,541,446$7,634,971
73$9,683,275$5,525,040$4,656,156$8,234,001
74$10,632,363$5,757,160$4,773,531$8,888,356
75$11,677,041$5,999,439$4,893,622$9,603,484
76$12,827,022$6,252,334$5,016,482$10,385,382
77$14,093,008$6,516,328$5,142,163$11,240,651
78$15,486,789$6,791,923$5,270,720$12,176,557
79$17,021,359$7,079,644$5,402,207$13,201,099
80$18,711,036$7,380,045$5,536,678$14,323,085
81$20,571,594$7,693,700$5,674,190$15,552,213
82$22,620,418$8,021,213$5,814,797$16,899,159
83$24,876,664$8,363,216$5,958,556$18,375,682
84$27,361,440$8,720,369$6,105,523$19,994,727
85$30,098,004$9,093,364$6,255,756$21,770,552
86$33,111,987$9,482,926$6,409,310$23,718,859
87$36,431,632$9,889,812$6,566,245$25,856,940
88$40,088,061$10,314,815$6,726,616$28,203,838
89$44,115,569$10,758,766$6,890,483$30,780,530
90$48,551,945$11,222,534$7,057,903$33,610,117
91$53,438,835$11,707,030$7,228,934$36,718,047
92$58,822,127$12,213,205$7,403,634$40,132,347
93$64,752,390$12,742,057$7,582,061$43,883,891
94$71,285,347$13,294,632$7,764,274$48,006,688
95$78,482,404$13,872,021$7,950,329$52,538,201
96$86,411,229$14,475,369$8,140,284$57,519,697
97$95,146,387$15,105,876$8,334,197$62,996,638
98$104,770,051$15,764,795$8,532,125$69,019,106
99$115,372,768$16,453,442$8,734,123$75,642,272
100$127,054,321$17,173,192$8,940,247$82,926,919