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

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$202,319$200,517$198,758$197,042$195,366$191,814
2 years$100,158$98,292$96,485$94,732$93,032$89,466
3 years$66,109$64,235$62,432$60,696$59,023$55,554
4 years$49,087$47,220$45,434$43,728$42,096$38,751
5 years$38,877$37,021$35,259$33,587$32,001$28,789
6 years$32,073$30,230$28,495$26,860$25,321$22,247
7 years$27,214$25,387$23,679$22,083$20,593$17,656
8 years$23,572$21,762$20,082$18,525$17,084$14,285
9 years$20,741$18,947$17,296$15,779$14,387$11,723
10 years$18,477$16,701$15,079$13,602$12,258$9,728
11 years$16,626$14,868$13,276$11,838$10,543$8,142
12 years$15,085$13,345$11,782$10,383$9,136$6,863
13 years$13,782$12,060$10,526$9,167$7,967$5,817
14 years$12,666$10,962$9,458$8,137$6,984$4,954
15 years$11,699$10,014$8,539$7,257$6,149$4,234
16 years$10,854$9,188$7,742$6,498$5,434$3,631
17 years$10,110$8,462$7,045$5,838$4,819$3,123
18 years$9,449$7,819$6,431$5,261$4,284$2,691
19 years$8,858$7,246$5,887$4,754$3,819$2,324
20 years$8,327$6,734$5,403$4,306$3,411$2,010
21 years$7,847$6,272$4,970$3,908$3,052$1,741
22 years$7,411$5,855$4,580$3,553$2,736$1,510
23 years$7,014$5,476$4,229$3,236$2,456$1,311
24 years$6,650$5,131$3,911$2,951$2,208$1,139
25 years$6,316$4,815$3,623$2,695$1,987$991
26 years$6,009$4,525$3,360$2,464$1,789$862
27 years$5,724$4,259$3,120$2,256$1,613$751
28 years$5,461$4,013$2,900$2,067$1,456$654
29 years$5,215$3,786$2,699$1,895$1,314$570
30 years$4,987$3,575$2,514$1,739$1,188$497
31 years$4,774$3,380$2,344$1,597$1,074$433
32 years$4,575$3,198$2,187$1,468$971$378
33 years$4,388$3,029$2,042$1,350$879$330
34 years$4,212$2,870$1,908$1,242$796$288
35 years$4,047$2,722$1,784$1,143$721$251
36 years$3,891$2,584$1,669$1,053$653$219
37 years$3,744$2,454$1,562$970$592$192
38 years$3,605$2,332$1,462$894$537$167
39 years$3,474$2,218$1,370$825$487$146
40 years$3,350$2,110$1,284$761$441$128
41 years$3,231$2,009$1,204$702$400$112
42 years$3,119$1,913$1,130$648$363$97
43 years$3,013$1,823$1,060$598$330$85
44 years$2,911$1,737$995$552$299$74
45 years$2,814$1,657$934$510$272$65
46 years$2,722$1,580$877$471$247$57
47 years$2,634$1,508$824$435$224$50
48 years$2,550$1,440$775$402$203$43
49 years$2,469$1,375$728$372$185$38
50 years$2,392$1,313$685$343$168$33

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 $4,388 every year, while hoping to spend $45,922 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: 52/27/21 Blend
62$2,450,000$2,450,000$2,450,000$2,450,000
63$2,704,426$2,574,576$2,536,601$2,829,141
64$2,931,417$2,651,870$2,572,717$2,992,860
65$3,180,022$2,731,412$2,608,503$3,165,728
66$3,452,397$2,813,263$2,643,900$3,352,792
67$3,750,916$2,897,488$2,678,846$3,555,415
68$4,078,196$2,984,151$2,713,273$3,775,100
69$4,437,115$3,073,318$2,747,111$4,013,502
70$4,830,847$3,165,057$2,780,286$4,272,441
71$5,262,885$3,259,437$2,812,718$4,553,923
72$5,737,080$3,356,529$2,844,324$4,860,154
73$6,257,669$3,456,407$2,875,016$5,193,567
74$6,829,324$3,559,143$2,904,702$5,556,838
75$7,457,190$3,664,816$2,933,283$5,952,917
76$8,146,932$3,773,501$2,960,658$6,385,050
77$8,904,795$3,885,278$2,986,716$6,856,813
78$9,737,657$4,000,230$3,011,344$7,372,148
79$10,653,095$4,118,438$3,034,420$7,935,393
80$11,659,457$4,239,987$3,055,819$8,551,329
81$12,765,939$4,364,964$3,075,407$9,225,222
82$13,982,675$4,493,458$3,093,044$9,962,872
83$15,320,829$4,625,558$3,108,581$10,770,672
84$16,792,699$4,761,356$3,121,865$11,655,661
85$18,411,838$4,900,947$3,132,731$12,625,597
86$20,193,178$5,044,425$3,141,010$13,689,027
87$22,153,169$5,191,889$3,146,521$14,855,365
88$24,309,939$5,343,438$3,149,075$16,134,988
89$26,683,459$5,499,173$3,148,475$17,539,326
90$29,295,736$5,659,196$3,144,514$19,080,974
91$32,171,018$5,823,614$3,136,972$20,773,810
92$35,336,023$5,992,532$3,125,621$22,633,124
93$38,820,190$6,166,060$3,110,223$24,675,767
94$42,655,960$6,344,306$3,090,526$26,920,303
95$46,879,075$6,527,385$3,066,266$29,387,191
96$51,528,923$6,715,409$3,037,168$32,098,974
97$56,648,903$6,908,494$3,002,943$35,080,491
98$62,286,837$7,106,756$2,963,288$38,359,114
99$68,495,423$7,310,316$2,917,887$41,965,007
100$75,332,728$7,519,293$2,866,407$45,931,406