Can I retire at age 63 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$199,016$197,243$195,513$193,825$192,177$186,473
2 years$98,523$96,688$94,909$93,185$91,513$85,814
3 years$65,029$63,186$61,413$59,705$58,059$52,544
4 years$48,286$46,449$44,693$43,014$41,408$36,118
5 years$38,243$36,416$34,683$33,039$31,478$26,427
6 years$31,549$29,737$28,029$26,421$24,908$20,101
7 years$26,770$24,973$23,292$21,722$20,256$15,694
8 years$23,187$21,406$19,754$18,222$16,805$12,484
9 years$20,402$18,638$17,014$15,521$14,152$10,068
10 years$18,175$16,429$14,833$13,380$12,058$8,205
11 years$16,355$14,625$13,059$11,644$10,370$6,742
12 years$14,839$13,127$11,589$10,214$8,987$5,576
13 years$13,557$11,863$10,354$9,017$7,837$4,636
14 years$12,459$10,783$9,303$8,004$6,870$3,870
15 years$11,508$9,851$8,400$7,138$6,049$3,242
16 years$10,677$9,038$7,616$6,392$5,346$2,723
17 years$9,945$8,323$6,930$5,743$4,740$2,293
18 years$9,294$7,691$6,326$5,176$4,214$1,935
19 years$8,713$7,128$5,791$4,677$3,756$1,635
20 years$8,191$6,624$5,315$4,236$3,355$1,383
21 years$7,719$6,170$4,889$3,844$3,003$1,172
22 years$7,290$5,759$4,506$3,495$2,691$994
23 years$6,899$5,387$4,160$3,183$2,416$843
24 years$6,542$5,047$3,848$2,903$2,172$716
25 years$6,213$4,736$3,564$2,651$1,954$609
26 years$5,911$4,451$3,305$2,424$1,760$517
27 years$5,631$4,189$3,069$2,219$1,587$440
28 years$5,371$3,947$2,853$2,033$1,432$374
29 years$5,130$3,724$2,655$1,864$1,293$319
30 years$4,906$3,517$2,473$1,711$1,168$271
31 years$4,696$3,325$2,306$1,571$1,056$231
32 years$4,500$3,146$2,151$1,444$955$197
33 years$4,316$2,979$2,008$1,328$865$168
34 years$4,143$2,823$1,877$1,222$783$143
35 years$3,981$2,678$1,755$1,125$709$122
36 years$3,828$2,542$1,641$1,036$642$104
37 years$3,683$2,414$1,536$954$582$88
38 years$3,547$2,294$1,439$880$528$75
39 years$3,417$2,182$1,348$811$479$64
40 years$3,295$2,076$1,263$748$434$55
41 years$3,179$1,976$1,185$690$394$47
42 years$3,068$1,882$1,111$637$357$40
43 years$2,963$1,793$1,043$588$324$34
44 years$2,863$1,709$979$543$294$29
45 years$2,768$1,630$919$501$267$25
46 years$2,677$1,555$863$463$243$21
47 years$2,591$1,484$811$428$220$18
48 years$2,508$1,416$762$395$200$15
49 years$2,429$1,353$716$365$182$13
50 years$2,353$1,292$673$338$165$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,410,000, adding $5,816 every year, while hoping to spend $20,274 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: 47/32/21 Blend
62$2,410,000$2,410,000$2,410,000$2,410,000
63$2,661,819$2,534,089$2,496,734$2,770,761
64$2,911,753$2,636,688$2,558,803$2,950,071
65$3,186,501$2,743,635$2,622,272$3,142,097
66$3,488,573$2,855,121$2,687,167$3,350,109
67$3,820,732$2,971,348$2,753,512$3,575,613
68$4,186,027$3,092,523$2,821,334$3,820,262
69$4,587,811$3,218,867$2,890,659$4,085,874
70$5,029,785$3,350,608$2,961,513$4,374,447
71$5,516,021$3,487,986$3,033,922$4,688,176
72$6,051,010$3,631,252$3,107,912$5,029,478
73$6,639,696$3,780,666$3,183,511$5,401,006
74$7,287,530$3,936,504$3,260,743$5,805,682
75$8,000,516$4,099,051$3,339,636$6,246,718
76$8,785,271$4,268,607$3,420,217$6,727,647
77$9,649,086$4,445,485$3,502,511$7,252,356
78$10,599,992$4,630,014$3,586,545$7,825,121
79$11,646,842$4,822,535$3,672,345$8,450,648
80$12,799,389$5,023,408$3,759,937$9,134,114
81$14,068,379$5,233,008$3,849,348$9,881,218
82$15,465,655$5,451,727$3,940,602$10,698,229
83$17,004,266$5,679,976$4,033,727$11,592,051
84$18,698,590$5,918,183$4,128,746$12,570,280
85$20,564,472$6,166,800$4,225,684$13,641,279
86$22,619,371$6,426,296$4,324,567$14,814,253
87$24,882,524$6,697,162$4,425,418$16,099,339
88$27,375,133$6,979,914$4,528,260$17,507,693
89$30,120,558$7,275,091$4,633,118$19,051,602
90$33,144,540$7,583,256$4,740,013$20,744,593
91$36,475,447$7,904,999$4,848,967$22,601,560
92$40,144,536$8,240,937$4,960,001$24,638,905
93$44,186,253$8,591,718$5,073,135$26,874,690
94$48,638,555$8,958,016$5,188,390$29,328,807
95$53,543,269$9,340,540$5,305,782$32,023,160
96$58,946,486$9,740,030$5,425,329$34,981,875
97$64,898,998$10,157,263$5,547,049$38,231,522
98$71,456,776$10,593,048$5,670,955$41,801,368
99$78,681,497$11,048,237$5,797,061$45,723,645
100$86,641,127$11,523,718$5,925,380$50,033,857