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%15.3%
1 years$200,667$198,880$197,136$195,434$193,772$189,549
2 years$99,340$97,490$95,697$93,958$92,272$88,040
3 years$65,569$63,711$61,922$60,200$58,541$54,431
4 years$48,687$46,834$45,064$43,371$41,752$37,795
5 years$38,560$36,719$34,971$33,313$31,739$27,947
6 years$31,811$29,983$28,262$26,641$25,114$21,490
7 years$26,992$25,180$23,486$21,903$20,425$16,970
8 years$23,380$21,584$19,918$18,374$16,944$13,658
9 years$20,571$18,793$17,155$15,650$14,269$11,149
10 years$18,326$16,565$14,956$13,491$12,158$9,200
11 years$16,490$14,747$13,167$11,741$10,457$7,657
12 years$14,962$13,236$11,686$10,298$9,061$6,416
13 years$13,669$11,961$10,440$9,092$7,902$5,406
14 years$12,562$10,873$9,381$8,071$6,927$4,575
15 years$11,604$9,932$8,469$7,198$6,099$3,887
16 years$10,766$9,113$7,679$6,445$5,390$3,312
17 years$10,027$8,392$6,987$5,791$4,779$2,830
18 years$9,372$7,755$6,379$5,218$4,249$2,423
19 years$8,786$7,187$5,839$4,715$3,788$2,078
20 years$8,259$6,679$5,359$4,271$3,383$1,786
21 years$7,783$6,221$4,929$3,876$3,028$1,536
22 years$7,351$5,807$4,543$3,524$2,714$1,323
23 years$6,957$5,431$4,195$3,209$2,436$1,140
24 years$6,596$5,089$3,879$2,927$2,190$984
25 years$6,265$4,775$3,593$2,673$1,970$850
26 years$5,960$4,488$3,332$2,444$1,775$734
27 years$5,677$4,224$3,094$2,237$1,600$634
28 years$5,416$3,980$2,877$2,050$1,444$549
29 years$5,173$3,755$2,677$1,880$1,304$475
30 years$4,946$3,546$2,494$1,725$1,178$411
31 years$4,735$3,352$2,325$1,584$1,065$356
32 years$4,537$3,172$2,169$1,456$963$308
33 years$4,352$3,004$2,025$1,339$872$267
34 years$4,178$2,847$1,892$1,232$789$231
35 years$4,014$2,700$1,769$1,134$715$200
36 years$3,859$2,563$1,655$1,045$648$173
37 years$3,714$2,434$1,549$962$587$150
38 years$3,576$2,313$1,451$887$532$130
39 years$3,446$2,200$1,359$818$483$113
40 years$3,322$2,093$1,274$754$438$98
41 years$3,205$1,992$1,194$696$397$85
42 years$3,094$1,897$1,120$642$360$74
43 years$2,988$1,808$1,051$593$327$64
44 years$2,887$1,723$987$548$297$55
45 years$2,791$1,643$927$506$270$48
46 years$2,700$1,568$870$467$245$42
47 years$2,612$1,496$818$432$222$36
48 years$2,529$1,428$768$399$202$31
49 years$2,449$1,364$722$369$183$27
50 years$2,373$1,303$679$341$166$24

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 $6,148 every year, while hoping to spend $21,336 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: 64/10/26 Blend
62$2,430,000$2,430,000$2,430,000$2,430,000
63$2,684,202$2,555,412$2,517,747$2,837,220
64$2,935,289$2,657,925$2,579,390$3,043,916
65$3,211,272$2,764,747$2,642,383$3,266,750
66$3,514,668$2,876,066$2,706,749$3,509,760
67$3,848,249$2,992,078$2,772,510$3,774,929
68$4,215,070$3,112,990$2,839,689$4,064,438
69$4,618,498$3,239,018$2,908,310$4,380,691
70$5,062,241$3,370,385$2,978,394$4,726,332
71$5,550,384$3,507,329$3,049,964$5,104,275
72$6,087,429$3,650,093$3,123,044$5,517,725
73$6,678,336$3,798,937$3,197,655$5,970,215
74$7,328,570$3,954,129$3,273,821$6,465,633
75$8,044,154$4,115,951$3,351,563$7,008,261
76$8,831,720$4,284,696$3,430,903$7,602,817
77$9,698,581$4,460,671$3,511,864$8,254,493
78$10,652,792$4,644,200$3,594,467$8,969,012
79$11,703,228$4,835,617$3,678,733$9,752,673
80$12,859,671$5,035,275$3,764,684$10,612,419
81$14,132,895$5,243,542$3,852,339$11,555,892
82$15,534,777$5,460,802$3,941,719$12,591,515
83$17,078,402$5,687,458$4,032,844$13,728,563
84$18,778,187$5,923,932$4,125,732$14,977,256
85$20,650,020$6,170,663$4,220,402$16,348,848
86$22,711,409$6,428,112$4,316,872$17,855,741
87$24,981,645$6,696,761$4,415,160$19,511,597
88$27,481,985$6,977,115$4,515,280$21,331,465
89$30,235,855$7,269,701$4,617,249$23,331,925
90$33,269,067$7,575,071$4,721,082$25,531,245
91$36,610,064$7,893,803$4,826,791$27,949,551
92$40,290,192$8,226,500$4,934,389$30,609,014
93$44,343,988$8,573,795$5,043,888$33,534,065
94$48,809,514$8,936,350$5,155,297$36,751,618
95$53,728,710$9,314,857$5,268,626$40,291,330
96$59,147,794$9,710,041$5,383,880$44,185,874
97$65,117,696$10,122,659$5,501,066$48,471,251
98$71,694,537$10,553,506$5,620,189$53,187,127
99$78,940,163$11,003,411$5,741,249$58,377,210
100$86,922,726$11,473,245$5,864,247$64,089,655