Can I retire at age 63 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$165,984$164,505$163,063$161,655$160,280$158,146
2 years$82,170$80,640$79,157$77,719$76,324$74,177
3 years$54,236$52,699$51,220$49,795$48,423$46,331
4 years$40,272$38,739$37,275$35,875$34,536$32,514
5 years$31,895$30,372$28,927$27,555$26,253$24,308
6 years$26,313$24,801$23,377$22,036$20,773$18,906
7 years$22,327$20,828$19,427$18,117$16,894$15,106
8 years$19,339$17,853$16,475$15,198$14,016$12,306
9 years$17,016$15,545$14,190$12,945$11,803$10,172
10 years$15,159$13,702$12,371$11,159$10,057$8,503
11 years$13,640$12,198$10,891$9,712$8,649$7,171
12 years$12,376$10,948$9,666$8,518$7,495$6,091
13 years$11,307$9,894$8,636$7,520$6,536$5,203
14 years$10,391$8,993$7,759$6,676$5,729$4,467
15 years$9,598$8,216$7,006$5,954$5,045$3,850
16 years$8,905$7,538$6,352$5,331$4,458$3,329
17 years$8,294$6,942$5,780$4,790$3,953$2,887
18 years$7,752$6,415$5,276$4,317$3,515$2,510
19 years$7,267$5,945$4,830$3,900$3,133$2,187
20 years$6,831$5,524$4,433$3,533$2,798$1,909
21 years$6,438$5,146$4,077$3,206$2,504$1,668
22 years$6,080$4,803$3,758$2,915$2,245$1,460
23 years$5,754$4,492$3,470$2,655$2,015$1,279
24 years$5,456$4,209$3,209$2,421$1,811$1,122
25 years$5,182$3,950$2,972$2,211$1,630$985
26 years$4,930$3,712$2,756$2,022$1,468$866
27 years$4,696$3,494$2,560$1,851$1,324$761
28 years$4,480$3,292$2,380$1,696$1,194$669
29 years$4,279$3,106$2,214$1,555$1,078$589
30 years$4,091$2,933$2,063$1,427$974$519
31 years$3,917$2,773$1,923$1,311$881$457
32 years$3,753$2,624$1,794$1,204$797$403
33 years$3,600$2,485$1,675$1,108$721$355
34 years$3,456$2,355$1,565$1,019$653$313
35 years$3,320$2,234$1,463$938$591$276
36 years$3,192$2,120$1,369$864$536$243
37 years$3,072$2,013$1,281$796$486$215
38 years$2,958$1,914$1,200$734$440$189
39 years$2,850$1,820$1,124$677$399$167
40 years$2,748$1,731$1,054$624$362$148
41 years$2,651$1,648$988$576$329$130
42 years$2,559$1,569$927$531$298$115
43 years$2,471$1,495$870$490$271$101
44 years$2,388$1,425$816$453$246$90
45 years$2,309$1,359$766$418$223$79
46 years$2,233$1,297$720$386$202$70
47 years$2,161$1,237$676$357$184$62
48 years$2,092$1,181$636$330$167$54
49 years$2,026$1,128$597$305$152$48
50 years$1,962$1,078$562$282$138$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,010,000, adding $2,993 every year, while hoping to spend $23,847 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: 61/20/19 Blend
62$2,010,000$2,010,000$2,010,000$2,010,000
63$2,218,107$2,111,577$2,080,422$2,342,345
64$2,418,981$2,189,672$2,124,743$2,504,695
65$2,639,545$2,270,793$2,169,750$2,678,882
66$2,881,782$2,355,065$2,215,440$2,868,435
67$3,147,877$2,442,616$2,261,810$3,074,850
68$3,440,236$2,533,580$2,308,856$3,299,771
69$3,761,511$2,628,097$2,356,574$3,545,009
70$4,114,622$2,726,311$2,404,957$3,812,556
71$4,502,789$2,828,375$2,453,998$4,104,608
72$4,929,555$2,934,447$2,503,689$4,423,578
73$5,398,827$3,044,693$2,554,020$4,772,125
74$5,914,908$3,159,284$2,604,980$5,153,176
75$6,482,540$3,278,400$2,656,558$5,569,954
76$7,106,946$3,402,228$2,708,740$6,026,006
77$7,793,882$3,530,964$2,761,510$6,525,240
78$8,549,689$3,664,813$2,814,851$7,071,958
79$9,381,354$3,803,986$2,868,746$7,670,898
80$10,296,577$3,948,706$2,923,174$8,327,279
81$11,303,840$4,099,204$2,978,112$9,046,847
82$12,412,489$4,255,723$3,033,536$9,835,930
83$13,632,824$4,418,514$3,089,421$10,701,500
84$14,976,192$4,587,842$3,145,736$11,651,236
85$16,455,097$4,763,980$3,202,452$12,693,593
86$18,083,318$4,947,216$3,259,536$13,837,888
87$19,876,036$5,137,849$3,316,950$15,094,381
88$21,849,981$5,336,192$3,374,656$16,474,378
89$24,023,585$5,542,572$3,432,613$17,990,329
90$26,417,161$5,757,328$3,490,777$19,655,953
91$29,053,092$5,980,818$3,549,098$21,486,359
92$31,956,042$6,213,412$3,607,527$23,498,196
93$35,153,187$6,455,499$3,666,009$25,709,804
94$38,674,477$6,707,483$3,724,485$28,141,388
95$42,552,912$6,969,788$3,782,893$30,815,210
96$46,824,857$7,242,855$3,841,168$33,755,793
97$51,530,384$7,527,147$3,899,238$36,990,159
98$56,713,650$7,823,144$3,957,030$40,548,077
99$62,423,316$8,131,351$4,014,464$44,462,348
100$68,713,001$8,452,294$4,071,455$48,769,110