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%14.9%
1 years$202,319$200,517$198,758$197,042$195,366$191,422
2 years$100,158$98,292$96,485$94,732$93,032$89,075
3 years$66,109$64,235$62,432$60,696$59,023$55,178
4 years$49,087$47,220$45,434$43,728$42,096$38,391
5 years$38,877$37,021$35,259$33,587$32,001$28,447
6 years$32,073$30,230$28,495$26,860$25,321$21,923
7 years$27,214$25,387$23,679$22,083$20,593$17,350
8 years$23,572$21,762$20,082$18,525$17,084$13,996
9 years$20,741$18,947$17,296$15,779$14,387$11,453
10 years$18,477$16,701$15,079$13,602$12,258$9,474
11 years$16,626$14,868$13,276$11,838$10,543$7,905
12 years$15,085$13,345$11,782$10,383$9,136$6,641
13 years$13,782$12,060$10,526$9,167$7,967$5,611
14 years$12,666$10,962$9,458$8,137$6,984$4,762
15 years$11,699$10,014$8,539$7,257$6,149$4,056
16 years$10,854$9,188$7,742$6,498$5,434$3,466
17 years$10,110$8,462$7,045$5,838$4,819$2,970
18 years$9,449$7,819$6,431$5,261$4,284$2,550
19 years$8,858$7,246$5,887$4,754$3,819$2,194
20 years$8,327$6,734$5,403$4,306$3,411$1,891
21 years$7,847$6,272$4,970$3,908$3,052$1,632
22 years$7,411$5,855$4,580$3,553$2,736$1,410
23 years$7,014$5,476$4,229$3,236$2,456$1,219
24 years$6,650$5,131$3,911$2,951$2,208$1,055
25 years$6,316$4,815$3,623$2,695$1,987$914
26 years$6,009$4,525$3,360$2,464$1,789$792
27 years$5,724$4,259$3,120$2,256$1,613$687
28 years$5,461$4,013$2,900$2,067$1,456$596
29 years$5,215$3,786$2,699$1,895$1,314$517
30 years$4,987$3,575$2,514$1,739$1,188$449
31 years$4,774$3,380$2,344$1,597$1,074$390
32 years$4,575$3,198$2,187$1,468$971$339
33 years$4,388$3,029$2,042$1,350$879$294
34 years$4,212$2,870$1,908$1,242$796$256
35 years$4,047$2,722$1,784$1,143$721$223
36 years$3,891$2,584$1,669$1,053$653$193
37 years$3,744$2,454$1,562$970$592$168
38 years$3,605$2,332$1,462$894$537$146
39 years$3,474$2,218$1,370$825$487$127
40 years$3,350$2,110$1,284$761$441$111
41 years$3,231$2,009$1,204$702$400$96
42 years$3,119$1,913$1,130$648$363$84
43 years$3,013$1,823$1,060$598$330$73
44 years$2,911$1,737$995$552$299$63
45 years$2,814$1,657$934$510$272$55
46 years$2,722$1,580$877$471$247$48
47 years$2,634$1,508$824$435$224$42
48 years$2,550$1,440$775$402$203$36
49 years$2,469$1,375$728$372$185$32
50 years$2,392$1,313$685$343$168$28

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 $3,184 every year, while hoping to spend $53,665 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: 65/13/22 Blend
62$2,450,000$2,450,000$2,450,000$2,450,000
63$2,703,184$2,573,334$2,535,359$2,863,418
64$2,921,810$2,642,329$2,563,195$3,040,591
65$3,160,937$2,712,905$2,590,164$3,227,778
66$3,422,599$2,785,084$2,616,181$3,431,114
67$3,709,038$2,858,887$2,641,157$3,652,186
68$4,022,719$2,934,331$2,664,995$3,892,742
69$4,366,359$3,011,436$2,687,595$4,154,708
70$4,742,950$3,090,220$2,708,852$4,440,205
71$5,155,788$3,170,697$2,728,655$4,751,571
72$5,608,499$3,252,882$2,746,886$5,091,380
73$6,105,083$3,336,790$2,763,424$5,462,470
74$6,649,940$3,422,431$2,778,137$5,867,966
75$7,247,920$3,509,816$2,790,890$6,311,312
76$7,904,364$3,598,953$2,801,541$6,796,302
77$8,625,155$3,689,849$2,809,940$7,327,119
78$9,416,776$3,782,506$2,815,927$7,908,370
79$10,286,365$3,876,927$2,819,339$8,545,131
80$11,241,789$3,973,111$2,820,001$9,242,997
81$12,291,711$4,071,053$2,817,731$10,008,133
82$13,445,678$4,170,747$2,812,338$10,847,332
83$14,714,207$4,272,183$2,803,620$11,768,082
84$16,108,883$4,375,347$2,791,368$12,778,630
85$17,642,471$4,480,221$2,775,362$13,888,070
86$19,329,036$4,586,785$2,755,369$15,106,419
87$21,184,072$4,695,012$2,731,148$16,444,717
88$23,224,651$4,804,871$2,702,445$17,915,133
89$25,469,583$4,916,327$2,668,995$19,531,075
90$27,939,592$5,029,339$2,630,518$21,307,318
91$30,657,514$5,143,860$2,586,724$23,260,148
92$33,648,509$5,259,838$2,537,308$25,407,510
93$36,940,299$5,377,212$2,481,949$27,769,182
94$40,563,430$5,495,916$2,420,315$30,366,958
95$44,551,560$5,615,876$2,352,056$33,224,860
96$48,941,775$5,737,010$2,276,806$36,369,356
97$53,774,940$5,859,227$2,194,182$39,829,621
98$59,096,082$5,982,427$2,103,786$43,637,803
99$64,954,817$6,106,501$2,005,198$47,829,333
100$71,405,819$6,231,330$1,897,982$52,443,257