Can I retire at age 63 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$203,145$201,335$199,570$197,846$196,164$193,312
2 years$100,567$98,694$96,878$95,118$93,411$90,544
3 years$66,378$64,497$62,687$60,943$59,264$56,471
4 years$49,288$47,412$45,620$43,906$42,268$39,570
5 years$39,036$37,172$35,403$33,724$32,131$29,536
6 years$32,204$30,354$28,611$26,970$25,424$22,936
7 years$27,325$25,491$23,776$22,173$20,677$18,295
8 years$23,668$21,850$20,164$18,600$17,153$14,878
9 years$20,825$19,025$17,367$15,843$14,446$12,276
10 years$18,552$16,769$15,141$13,657$12,308$10,243
11 years$16,694$14,929$13,330$11,886$10,586$8,622
12 years$15,146$13,399$11,830$10,426$9,173$7,309
13 years$13,838$12,109$10,569$9,204$7,999$6,232
14 years$12,717$11,007$9,496$8,170$7,012$5,339
15 years$11,747$10,055$8,574$7,287$6,174$4,593
16 years$10,899$9,225$7,774$6,524$5,457$3,963
17 years$10,151$8,496$7,074$5,862$4,838$3,430
18 years$9,487$7,851$6,457$5,283$4,302$2,975
19 years$8,894$7,276$5,911$4,774$3,834$2,587
20 years$8,361$6,761$5,425$4,323$3,425$2,252
21 years$7,879$6,298$4,990$3,924$3,065$1,964
22 years$7,441$5,879$4,599$3,568$2,747$1,715
23 years$7,043$5,498$4,247$3,249$2,466$1,500
24 years$6,678$5,152$3,927$2,963$2,217$1,312
25 years$6,342$4,834$3,637$2,706$1,995$1,149
26 years$6,033$4,544$3,374$2,474$1,797$1,007
27 years$5,748$4,276$3,133$2,265$1,620$883
28 years$5,483$4,029$2,912$2,075$1,462$775
29 years$5,237$3,801$2,710$1,903$1,320$681
30 years$5,007$3,590$2,524$1,746$1,193$598
31 years$4,793$3,394$2,353$1,604$1,078$525
32 years$4,593$3,211$2,196$1,474$975$462
33 years$4,405$3,041$2,050$1,356$883$406
34 years$4,229$2,882$1,916$1,247$799$357
35 years$4,063$2,734$1,791$1,148$724$314
36 years$3,907$2,595$1,675$1,057$656$276
37 years$3,760$2,464$1,568$974$594$243
38 years$3,620$2,342$1,468$898$539$214
39 years$3,488$2,227$1,376$828$489$188
40 years$3,363$2,119$1,290$764$443$166
41 years$3,245$2,017$1,209$705$402$146
42 years$3,132$1,921$1,134$650$365$128
43 years$3,025$1,830$1,064$600$331$113
44 years$2,923$1,744$999$554$301$100
45 years$2,826$1,664$938$512$273$88
46 years$2,733$1,587$881$473$248$77
47 years$2,645$1,514$828$437$225$68
48 years$2,560$1,446$778$404$204$60
49 years$2,479$1,381$731$373$186$53
50 years$2,402$1,319$687$345$169$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,460,000, adding $5,593 every year, while hoping to spend $55,434 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: 65/10/25 Blend
62$2,460,000$2,460,000$2,460,000$2,460,000
63$2,716,689$2,586,309$2,548,179$2,875,195
64$2,934,810$2,654,057$2,574,562$3,050,511
65$3,173,322$2,723,267$2,599,970$3,235,329
66$3,434,245$2,793,951$2,624,314$3,436,086
67$3,719,805$2,866,122$2,647,496$3,654,350
68$4,032,454$2,939,790$2,669,415$3,891,854
69$4,374,889$3,014,965$2,689,966$4,150,503
70$4,750,083$3,091,654$2,709,035$4,432,399
71$5,161,309$3,169,863$2,726,506$4,739,857
72$5,612,172$3,249,595$2,742,253$5,075,426
73$6,106,642$3,330,854$2,756,146$5,441,918
74$6,649,091$3,413,638$2,768,049$5,842,430
75$7,244,337$3,497,944$2,777,818$6,280,373
76$7,897,685$3,583,769$2,785,300$6,759,511
77$8,614,979$3,671,103$2,790,337$7,283,985
78$9,402,656$3,759,937$2,792,762$7,858,365
79$10,267,808$3,850,254$2,792,401$8,487,682
80$11,218,246$3,942,040$2,789,069$9,177,485
81$12,262,579$4,035,270$2,782,574$9,933,884
82$13,410,285$4,129,922$2,772,713$10,763,618
83$14,671,810$4,225,964$2,759,275$11,674,110
84$16,058,662$4,323,364$2,742,038$12,673,542
85$17,583,518$4,422,081$2,720,769$13,770,931
86$19,260,346$4,522,072$2,695,224$14,976,215
87$21,104,534$4,623,286$2,665,147$16,300,346
88$23,133,038$4,725,669$2,630,271$17,755,394
89$25,364,538$4,829,157$2,590,315$19,354,661
90$27,819,618$4,933,683$2,544,987$21,112,809
91$30,520,954$5,039,168$2,493,979$23,045,993
92$33,493,534$5,145,530$2,436,971$25,172,022
93$36,764,890$5,252,676$2,373,624$27,510,518
94$40,365,356$5,360,506$2,303,589$30,083,112
95$44,328,360$5,468,908$2,226,496$32,913,639
96$48,690,731$5,577,762$2,141,962$36,028,369
97$53,493,051$5,686,938$2,049,584$39,456,254
98$58,780,038$5,796,294$1,948,940$43,229,202
99$64,600,964$5,905,674$1,839,592$47,382,377
100$71,010,124$6,014,914$1,721,080$51,954,535