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%12.8%
1 years$202,319$200,517$198,758$197,042$195,366$193,085
2 years$100,158$98,292$96,485$94,732$93,032$90,736
3 years$66,109$64,235$62,432$60,696$59,023$56,783
4 years$49,087$47,220$45,434$43,728$42,096$39,930
5 years$38,877$37,021$35,259$33,587$32,001$29,914
6 years$32,073$30,230$28,495$26,860$25,321$23,317
7 years$27,214$25,387$23,679$22,083$20,593$18,672
8 years$23,572$21,762$20,082$18,525$17,084$15,246
9 years$20,741$18,947$17,296$15,779$14,387$12,632
10 years$18,477$16,701$15,079$13,602$12,258$10,585
11 years$16,626$14,868$13,276$11,838$10,543$8,949
12 years$15,085$13,345$11,782$10,383$9,136$7,620
13 years$13,782$12,060$10,526$9,167$7,967$6,527
14 years$12,666$10,962$9,458$8,137$6,984$5,618
15 years$11,699$10,014$8,539$7,257$6,149$4,855
16 years$10,854$9,188$7,742$6,498$5,434$4,211
17 years$10,110$8,462$7,045$5,838$4,819$3,662
18 years$9,449$7,819$6,431$5,261$4,284$3,193
19 years$8,858$7,246$5,887$4,754$3,819$2,790
20 years$8,327$6,734$5,403$4,306$3,411$2,442
21 years$7,847$6,272$4,970$3,908$3,052$2,141
22 years$7,411$5,855$4,580$3,553$2,736$1,879
23 years$7,014$5,476$4,229$3,236$2,456$1,652
24 years$6,650$5,131$3,911$2,951$2,208$1,453
25 years$6,316$4,815$3,623$2,695$1,987$1,280
26 years$6,009$4,525$3,360$2,464$1,789$1,128
27 years$5,724$4,259$3,120$2,256$1,613$995
28 years$5,461$4,013$2,900$2,067$1,456$878
29 years$5,215$3,786$2,699$1,895$1,314$775
30 years$4,987$3,575$2,514$1,739$1,188$685
31 years$4,774$3,380$2,344$1,597$1,074$605
32 years$4,575$3,198$2,187$1,468$971$535
33 years$4,388$3,029$2,042$1,350$879$473
34 years$4,212$2,870$1,908$1,242$796$419
35 years$4,047$2,722$1,784$1,143$721$370
36 years$3,891$2,584$1,669$1,053$653$328
37 years$3,744$2,454$1,562$970$592$290
38 years$3,605$2,332$1,462$894$537$257
39 years$3,474$2,218$1,370$825$487$227
40 years$3,350$2,110$1,284$761$441$201
41 years$3,231$2,009$1,204$702$400$178
42 years$3,119$1,913$1,130$648$363$158
43 years$3,013$1,823$1,060$598$330$140
44 years$2,911$1,737$995$552$299$124
45 years$2,814$1,657$934$510$272$110
46 years$2,722$1,580$877$471$247$97
47 years$2,634$1,508$824$435$224$86
48 years$2,550$1,440$775$402$203$76
49 years$2,469$1,375$728$372$185$68
50 years$2,392$1,313$685$343$168$60

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 $2,227 every year, while hoping to spend $30,590 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: 43/30/27 Blend
62$2,450,000$2,450,000$2,450,000$2,450,000
63$2,702,197$2,572,347$2,534,372$2,797,029
64$2,945,274$2,665,845$2,586,726$2,958,602
65$3,212,119$2,762,898$2,639,809$3,130,474
66$3,505,125$2,863,650$2,693,612$3,316,109
67$3,826,926$2,968,248$2,748,127$3,516,801
68$4,180,426$3,076,845$2,803,343$3,733,970
69$4,568,823$3,189,604$2,859,248$3,969,179
70$4,995,638$3,306,690$2,915,828$4,224,146
71$5,464,754$3,428,279$2,973,069$4,500,762
72$5,980,446$3,554,551$3,030,954$4,801,104
73$6,547,425$3,685,697$3,089,464$5,127,460
74$7,170,880$3,821,914$3,148,579$5,482,345
75$7,856,529$3,963,408$3,208,276$5,868,527
76$8,610,673$4,110,392$3,268,530$6,289,053
77$9,440,251$4,263,091$3,329,316$6,747,274
78$10,352,913$4,421,738$3,390,604$7,246,880
79$11,357,083$4,586,577$3,452,362$7,791,931
80$12,462,045$4,757,859$3,514,557$8,386,897
81$13,678,030$4,935,851$3,577,151$9,036,698
82$15,016,309$5,120,827$3,640,105$9,746,751
83$16,489,300$5,313,075$3,703,376$10,523,020
84$18,110,688$5,512,895$3,766,918$11,372,070
85$19,895,552$5,720,600$3,830,683$12,301,132
86$21,860,504$5,936,516$3,894,618$13,318,167
87$24,023,854$6,160,984$3,958,666$14,431,941
88$26,405,773$6,394,358$4,022,767$15,652,109
89$29,028,490$6,637,009$4,086,857$16,989,302
90$31,916,498$6,889,324$4,150,869$18,455,229
91$35,096,786$7,151,706$4,214,728$20,062,787
92$38,599,094$7,424,577$4,278,358$21,826,179
93$42,456,195$7,708,374$4,341,677$23,761,050
94$46,704,201$8,003,558$4,404,596$25,884,632
95$51,382,903$8,310,606$4,467,024$28,215,906
96$56,536,151$8,630,018$4,528,861$30,775,779
97$62,212,264$8,962,315$4,590,004$33,587,285
98$68,464,489$9,308,041$4,650,342$36,675,794
99$75,351,497$9,667,766$4,709,759$40,069,256
100$82,937,944$10,042,081$4,768,130$43,798,460