Can I retire at age 63 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$202,319$200,517$198,758$197,042$195,366$192,845
2 years$100,158$98,292$96,485$94,732$93,032$90,495
3 years$66,109$64,235$62,432$60,696$59,023$56,550
4 years$49,087$47,220$45,434$43,728$42,096$39,705
5 years$38,877$37,021$35,259$33,587$32,001$29,700
6 years$32,073$30,230$28,495$26,860$25,321$23,113
7 years$27,214$25,387$23,679$22,083$20,593$18,477
8 years$23,572$21,762$20,082$18,525$17,084$15,061
9 years$20,741$18,947$17,296$15,779$14,387$12,457
10 years$18,477$16,701$15,079$13,602$12,258$10,419
11 years$16,626$14,868$13,276$11,838$10,543$8,792
12 years$15,085$13,345$11,782$10,383$9,136$7,472
13 years$13,782$12,060$10,526$9,167$7,967$6,388
14 years$12,666$10,962$9,458$8,137$6,984$5,487
15 years$11,699$10,014$8,539$7,257$6,149$4,733
16 years$10,854$9,188$7,742$6,498$5,434$4,096
17 years$10,110$8,462$7,045$5,838$4,819$3,555
18 years$9,449$7,819$6,431$5,261$4,284$3,092
19 years$8,858$7,246$5,887$4,754$3,819$2,696
20 years$8,327$6,734$5,403$4,306$3,411$2,355
21 years$7,847$6,272$4,970$3,908$3,052$2,060
22 years$7,411$5,855$4,580$3,553$2,736$1,804
23 years$7,014$5,476$4,229$3,236$2,456$1,582
24 years$6,650$5,131$3,911$2,951$2,208$1,389
25 years$6,316$4,815$3,623$2,695$1,987$1,220
26 years$6,009$4,525$3,360$2,464$1,789$1,073
27 years$5,724$4,259$3,120$2,256$1,613$944
28 years$5,461$4,013$2,900$2,067$1,456$831
29 years$5,215$3,786$2,699$1,895$1,314$732
30 years$4,987$3,575$2,514$1,739$1,188$645
31 years$4,774$3,380$2,344$1,597$1,074$569
32 years$4,575$3,198$2,187$1,468$971$501
33 years$4,388$3,029$2,042$1,350$879$442
34 years$4,212$2,870$1,908$1,242$796$390
35 years$4,047$2,722$1,784$1,143$721$344
36 years$3,891$2,584$1,669$1,053$653$304
37 years$3,744$2,454$1,562$970$592$269
38 years$3,605$2,332$1,462$894$537$237
39 years$3,474$2,218$1,370$825$487$209
40 years$3,350$2,110$1,284$761$441$185
41 years$3,231$2,009$1,204$702$400$163
42 years$3,119$1,913$1,130$648$363$144
43 years$3,013$1,823$1,060$598$330$128
44 years$2,911$1,737$995$552$299$113
45 years$2,814$1,657$934$510$272$100
46 years$2,722$1,580$877$471$247$88
47 years$2,634$1,508$824$435$224$78
48 years$2,550$1,440$775$402$203$69
49 years$2,469$1,375$728$372$185$61
50 years$2,392$1,313$685$343$168$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,450,000, adding $4,815 every year, while hoping to spend $54,844 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: 88/7/5 Blend
62$2,450,000$2,450,000$2,450,000$2,450,000
63$2,704,867$2,575,017$2,537,042$2,942,785
64$2,922,409$2,642,839$2,563,679$3,166,113
65$3,160,304$2,712,146$2,589,370$3,403,405
66$3,420,567$2,782,954$2,614,027$3,662,451
67$3,705,421$2,855,275$2,637,553$3,945,403
68$4,017,313$2,929,122$2,659,850$4,254,630
69$4,358,937$3,004,508$2,680,813$4,592,739
70$4,733,260$3,081,440$2,700,332$4,962,604
71$5,143,551$3,159,928$2,718,291$5,367,389
72$5,593,407$3,239,979$2,734,568$5,810,577
73$6,086,792$3,321,596$2,749,034$6,296,007
74$6,628,073$3,404,782$2,761,554$6,827,905
75$7,222,058$3,489,538$2,771,988$7,410,929
76$7,874,044$3,575,861$2,780,186$8,050,206
77$8,589,866$3,663,748$2,785,991$8,751,388
78$9,375,950$3,753,189$2,789,240$9,520,698
79$10,239,378$3,844,176$2,789,760$10,364,992
80$11,187,948$3,936,695$2,787,371$11,291,826
81$12,230,253$4,030,727$2,781,882$12,309,519
82$13,375,759$4,126,253$2,773,096$13,427,241
83$14,634,895$4,223,248$2,760,802$14,655,092
84$16,019,148$4,321,681$2,744,783$16,004,200
85$17,541,178$4,421,520$2,724,810$17,486,827
86$19,214,929$4,522,725$2,700,642$19,116,481
87$21,055,766$4,625,253$2,672,028$20,908,046
88$23,080,617$4,729,054$2,638,704$22,877,921
89$25,308,134$4,834,071$2,600,394$25,044,177
90$27,758,866$4,940,243$2,556,810$27,426,721
91$30,455,455$5,047,500$2,507,648$30,047,492
92$33,422,850$5,155,766$2,452,593$32,930,661
93$36,688,540$5,264,957$2,391,313$36,102,863
94$40,282,810$5,374,980$2,323,462$39,593,444
95$44,239,036$5,485,733$2,248,677$43,434,744
96$48,593,990$5,597,106$2,166,580$47,662,395
97$53,388,189$5,708,976$2,076,773$52,315,663
98$58,666,282$5,821,214$1,978,842$57,437,812
99$64,477,464$5,933,674$1,872,354$63,076,520
100$70,875,944$6,046,203$1,756,857$69,284,320