Can I retire at age 63 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$200,667$198,880$197,136$195,434$193,772$190,093
2 years$99,340$97,490$95,697$93,958$92,272$88,580
3 years$65,569$63,711$61,922$60,200$58,541$54,951
4 years$48,687$46,834$45,064$43,371$41,752$38,291
5 years$38,560$36,719$34,971$33,313$31,739$28,418
6 years$31,811$29,983$28,262$26,641$25,114$21,936
7 years$26,992$25,180$23,486$21,903$20,425$17,390
8 years$23,380$21,584$19,918$18,374$16,944$14,053
9 years$20,571$18,793$17,155$15,650$14,269$11,519
10 years$18,326$16,565$14,956$13,491$12,158$9,547
11 years$16,490$14,747$13,167$11,741$10,457$7,981
12 years$14,962$13,236$11,686$10,298$9,061$6,718
13 years$13,669$11,961$10,440$9,092$7,902$5,687
14 years$12,562$10,873$9,381$8,071$6,927$4,836
15 years$11,604$9,932$8,469$7,198$6,099$4,128
16 years$10,766$9,113$7,679$6,445$5,390$3,535
17 years$10,027$8,392$6,987$5,791$4,779$3,036
18 years$9,372$7,755$6,379$5,218$4,249$2,613
19 years$8,786$7,187$5,839$4,715$3,788$2,253
20 years$8,259$6,679$5,359$4,271$3,383$1,946
21 years$7,783$6,221$4,929$3,876$3,028$1,683
22 years$7,351$5,807$4,543$3,524$2,714$1,457
23 years$6,957$5,431$4,195$3,209$2,436$1,263
24 years$6,596$5,089$3,879$2,927$2,190$1,096
25 years$6,265$4,775$3,593$2,673$1,970$951
26 years$5,960$4,488$3,332$2,444$1,775$827
27 years$5,677$4,224$3,094$2,237$1,600$719
28 years$5,416$3,980$2,877$2,050$1,444$625
29 years$5,173$3,755$2,677$1,880$1,304$544
30 years$4,946$3,546$2,494$1,725$1,178$473
31 years$4,735$3,352$2,325$1,584$1,065$412
32 years$4,537$3,172$2,169$1,456$963$359
33 years$4,352$3,004$2,025$1,339$872$313
34 years$4,178$2,847$1,892$1,232$789$272
35 years$4,014$2,700$1,769$1,134$715$237
36 years$3,859$2,563$1,655$1,045$648$207
37 years$3,714$2,434$1,549$962$587$180
38 years$3,576$2,313$1,451$887$532$157
39 years$3,446$2,200$1,359$818$483$137
40 years$3,322$2,093$1,274$754$438$120
41 years$3,205$1,992$1,194$696$397$104
42 years$3,094$1,897$1,120$642$360$91
43 years$2,988$1,808$1,051$593$327$79
44 years$2,887$1,723$987$548$297$69
45 years$2,791$1,643$927$506$270$60
46 years$2,700$1,568$870$467$245$53
47 years$2,612$1,496$818$432$222$46
48 years$2,529$1,428$768$399$202$40
49 years$2,449$1,364$722$369$183$35
50 years$2,373$1,303$679$341$166$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,430,000, adding $2,464 every year, while hoping to spend $35,339 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: 57/37/6 Blend
62$2,430,000$2,430,000$2,430,000$2,430,000
63$2,680,402$2,551,612$2,513,947$2,829,715
64$2,916,202$2,639,040$2,560,563$3,017,798
65$3,174,870$2,729,568$2,607,557$3,218,421
66$3,458,700$2,823,311$2,654,904$3,436,122
67$3,770,221$2,920,386$2,702,577$3,672,533
68$4,112,217$3,020,918$2,750,546$3,929,450
69$4,487,755$3,125,036$2,798,782$4,208,848
70$4,900,216$3,232,872$2,847,251$4,512,899
71$5,353,320$3,344,565$2,895,916$4,843,994
72$5,851,170$3,460,260$2,944,741$5,204,760
73$6,398,283$3,580,106$2,993,683$5,598,093
74$6,999,635$3,704,259$3,042,698$6,027,176
75$7,660,710$3,832,880$3,091,741$6,495,513
76$8,387,549$3,966,137$3,140,761$7,006,961
77$9,186,807$4,104,206$3,189,704$7,565,765
78$10,065,817$4,247,268$3,238,515$8,176,598
79$11,032,657$4,395,511$3,287,132$8,844,605
80$12,096,229$4,549,132$3,335,492$9,575,448
81$13,266,340$4,708,335$3,383,526$10,375,364
82$14,553,795$4,873,332$3,431,163$11,251,218
83$15,970,501$5,044,344$3,478,326$12,210,569
84$17,529,576$5,221,601$3,524,934$13,261,742
85$19,245,475$5,405,341$3,570,901$14,413,904
86$21,134,123$5,595,812$3,616,136$15,677,150
87$23,213,070$5,793,274$3,660,543$17,062,598
88$25,501,652$5,997,993$3,704,021$18,582,491
89$28,021,177$6,210,251$3,746,461$20,250,316
90$30,795,121$6,430,338$3,787,752$22,080,926
91$33,849,355$6,658,556$3,827,774$24,090,680
92$37,212,385$6,895,220$3,866,399$26,297,599
93$40,915,621$7,140,659$3,903,496$28,721,533
94$44,993,675$7,395,212$3,938,924$31,384,347
95$49,484,688$7,659,236$3,972,536$34,310,126
96$54,430,687$7,933,099$4,004,177$37,525,405
97$59,877,982$8,217,185$4,033,682$41,059,411
98$65,877,605$8,511,896$4,060,879$44,944,345
99$72,485,789$8,817,648$4,085,587$49,215,680
100$79,764,502$9,134,875$4,107,617$53,912,496