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%19.9%
1 years$199,016$197,243$195,513$193,825$192,177$184,552
2 years$98,523$96,688$94,909$93,185$91,513$83,925
3 years$65,029$63,186$61,413$59,705$58,059$50,748
4 years$48,286$46,449$44,693$43,014$41,408$34,430
5 years$38,243$36,416$34,683$33,039$31,478$24,849
6 years$31,549$29,737$28,029$26,421$24,908$18,632
7 years$26,770$24,973$23,292$21,722$20,256$14,333
8 years$23,187$21,406$19,754$18,222$16,805$11,227
9 years$20,402$18,638$17,014$15,521$14,152$8,911
10 years$18,175$16,429$14,833$13,380$12,058$7,145
11 years$16,355$14,625$13,059$11,644$10,370$5,772
12 years$14,839$13,127$11,589$10,214$8,987$4,692
13 years$13,557$11,863$10,354$9,017$7,837$3,832
14 years$12,459$10,783$9,303$8,004$6,870$3,142
15 years$11,508$9,851$8,400$7,138$6,049$2,583
16 years$10,677$9,038$7,616$6,392$5,346$2,130
17 years$9,945$8,323$6,930$5,743$4,740$1,759
18 years$9,294$7,691$6,326$5,176$4,214$1,456
19 years$8,713$7,128$5,791$4,677$3,756$1,206
20 years$8,191$6,624$5,315$4,236$3,355$1,001
21 years$7,719$6,170$4,889$3,844$3,003$831
22 years$7,290$5,759$4,506$3,495$2,691$690
23 years$6,899$5,387$4,160$3,183$2,416$574
24 years$6,542$5,047$3,848$2,903$2,172$477
25 years$6,213$4,736$3,564$2,651$1,954$397
26 years$5,911$4,451$3,305$2,424$1,760$331
27 years$5,631$4,189$3,069$2,219$1,587$275
28 years$5,371$3,947$2,853$2,033$1,432$229
29 years$5,130$3,724$2,655$1,864$1,293$191
30 years$4,906$3,517$2,473$1,711$1,168$159
31 years$4,696$3,325$2,306$1,571$1,056$133
32 years$4,500$3,146$2,151$1,444$955$111
33 years$4,316$2,979$2,008$1,328$865$92
34 years$4,143$2,823$1,877$1,222$783$77
35 years$3,981$2,678$1,755$1,125$709$64
36 years$3,828$2,542$1,641$1,036$642$53
37 years$3,683$2,414$1,536$954$582$45
38 years$3,547$2,294$1,439$880$528$37
39 years$3,417$2,182$1,348$811$479$31
40 years$3,295$2,076$1,263$748$434$26
41 years$3,179$1,976$1,185$690$394$22
42 years$3,068$1,882$1,111$637$357$18
43 years$2,963$1,793$1,043$588$324$15
44 years$2,863$1,709$979$543$294$13
45 years$2,768$1,630$919$501$267$10
46 years$2,677$1,555$863$463$243$9
47 years$2,591$1,484$811$428$220$7
48 years$2,508$1,416$762$395$200$6
49 years$2,429$1,353$716$365$182$5
50 years$2,353$1,292$673$338$165$4

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 $4,968 every year, while hoping to spend $36,186 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: 62/15/23 Blend
62$2,410,000$2,410,000$2,410,000$2,410,000
63$2,660,944$2,533,214$2,495,859$2,809,542
64$2,893,859$2,618,840$2,540,969$2,996,290
65$3,149,318$2,707,449$2,586,377$3,195,662
66$3,429,583$2,799,149$2,632,055$3,412,535
67$3,737,145$2,894,051$2,677,973$3,648,622
68$4,074,747$2,992,273$2,724,099$3,905,809
69$4,445,411$3,093,934$2,770,396$4,186,171
70$4,852,467$3,199,161$2,816,828$4,491,993
71$5,299,582$3,308,083$2,863,355$4,825,792
72$5,790,795$3,420,835$2,909,934$5,190,341
73$6,330,558$3,537,558$2,956,518$5,588,690
74$6,923,774$3,658,397$3,003,060$6,024,201
75$7,575,844$3,783,503$3,049,507$6,500,577
76$8,292,718$3,913,033$3,095,805$7,021,895
77$9,080,955$4,047,151$3,141,893$7,592,646
78$9,947,777$4,186,026$3,187,711$8,217,778
79$10,901,142$4,329,833$3,233,191$8,902,741
80$11,949,819$4,478,756$3,278,264$9,653,537
81$13,103,469$4,632,983$3,322,854$10,476,781
82$14,372,737$4,792,713$3,366,884$11,379,755
83$15,769,350$4,958,151$3,410,269$12,370,488
84$17,306,232$5,129,508$3,452,921$13,457,820
85$18,997,621$5,307,007$3,494,747$14,651,493
86$20,859,205$5,490,877$3,535,648$15,962,238
87$22,908,271$5,681,358$3,575,519$17,401,880
88$25,163,867$5,878,696$3,614,252$18,983,445
89$27,646,981$6,083,152$3,651,728$20,721,287
90$30,380,739$6,294,992$3,687,827$22,631,220
91$33,390,624$6,514,496$3,722,419$24,730,668
92$36,704,715$6,741,954$3,755,367$27,038,830
93$40,353,954$6,977,667$3,786,530$29,576,858
94$44,372,433$7,221,949$3,815,754$32,368,062
95$48,797,722$7,475,126$3,842,883$35,438,124
96$53,671,219$7,737,536$3,867,749$38,815,341
97$59,038,540$8,009,532$3,890,175$42,530,895
98$64,949,953$8,291,481$3,909,978$46,619,145
99$71,460,849$8,583,765$3,926,963$51,117,950
100$78,632,266$8,886,779$3,940,926$56,069,028