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%19%
1 years$203,145$201,335$199,570$197,846$196,164$189,053
2 years$100,567$98,694$96,878$95,118$93,411$86,326
3 years$66,378$64,497$62,687$60,943$59,264$52,426
4 years$49,288$47,412$45,620$43,906$42,268$35,729
5 years$39,036$37,172$35,403$33,724$32,131$25,910
6 years$32,204$30,354$28,611$26,970$25,424$19,524
7 years$27,325$25,491$23,776$22,173$20,677$15,097
8 years$23,668$21,850$20,164$18,600$17,153$11,889
9 years$20,825$19,025$17,367$15,843$14,446$9,489
10 years$18,552$16,769$15,141$13,657$12,308$7,651
11 years$16,694$14,929$13,330$11,886$10,586$6,218
12 years$15,146$13,399$11,830$10,426$9,173$5,085
13 years$13,838$12,109$10,569$9,204$7,999$4,178
14 years$12,717$11,007$9,496$8,170$7,012$3,447
15 years$11,747$10,055$8,574$7,287$6,174$2,853
16 years$10,899$9,225$7,774$6,524$5,457$2,368
17 years$10,151$8,496$7,074$5,862$4,838$1,969
18 years$9,487$7,851$6,457$5,283$4,302$1,640
19 years$8,894$7,276$5,911$4,774$3,834$1,368
20 years$8,361$6,761$5,425$4,323$3,425$1,143
21 years$7,879$6,298$4,990$3,924$3,065$956
22 years$7,441$5,879$4,599$3,568$2,747$800
23 years$7,043$5,498$4,247$3,249$2,466$670
24 years$6,678$5,152$3,927$2,963$2,217$561
25 years$6,342$4,834$3,637$2,706$1,995$470
26 years$6,033$4,544$3,374$2,474$1,797$394
27 years$5,748$4,276$3,133$2,265$1,620$331
28 years$5,483$4,029$2,912$2,075$1,462$278
29 years$5,237$3,801$2,710$1,903$1,320$233
30 years$5,007$3,590$2,524$1,746$1,193$196
31 years$4,793$3,394$2,353$1,604$1,078$164
32 years$4,593$3,211$2,196$1,474$975$138
33 years$4,405$3,041$2,050$1,356$883$116
34 years$4,229$2,882$1,916$1,247$799$97
35 years$4,063$2,734$1,791$1,148$724$82
36 years$3,907$2,595$1,675$1,057$656$69
37 years$3,760$2,464$1,568$974$594$58
38 years$3,620$2,342$1,468$898$539$48
39 years$3,488$2,227$1,376$828$489$41
40 years$3,363$2,119$1,290$764$443$34
41 years$3,245$2,017$1,209$705$402$29
42 years$3,132$1,921$1,134$650$365$24
43 years$3,025$1,830$1,064$600$331$20
44 years$2,923$1,744$999$554$301$17
45 years$2,826$1,664$938$512$273$14
46 years$2,733$1,587$881$473$248$12
47 years$2,645$1,514$828$437$225$10
48 years$2,560$1,446$778$404$204$8
49 years$2,479$1,381$731$373$186$7
50 years$2,402$1,319$687$345$169$6

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 $5,056 every year, while hoping to spend $26,407 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: 52/38/10 Blend
62$2,460,000$2,460,000$2,460,000$2,460,000
63$2,716,135$2,585,755$2,547,625$2,850,094
64$2,965,084$2,684,360$2,604,874$3,040,473
65$3,238,541$2,786,912$2,663,155$3,244,143
66$3,538,977$2,893,576$2,722,476$3,465,023
67$3,869,116$3,004,525$2,782,843$3,704,742
68$4,231,958$3,119,939$2,844,260$3,965,092
69$4,630,808$3,240,006$2,906,733$4,248,041
70$5,069,308$3,364,923$2,970,265$4,555,757
71$5,551,468$3,494,895$3,034,860$4,890,619
72$6,081,708$3,630,135$3,100,518$5,255,246
73$6,664,899$3,770,869$3,167,242$5,652,518
74$7,306,405$3,917,328$3,235,032$6,085,602
75$8,012,139$4,069,757$3,303,885$6,557,983
76$8,788,612$4,228,410$3,373,800$7,073,495
77$9,643,001$4,393,553$3,444,773$7,636,355
78$10,583,213$4,565,463$3,516,799$8,251,204
79$11,617,961$4,744,431$3,589,872$8,923,151
80$12,756,844$4,930,759$3,663,984$9,657,815
81$14,010,439$5,124,763$3,739,124$10,461,384
82$15,390,401$5,326,774$3,815,282$11,340,667
83$16,909,573$5,537,136$3,892,445$12,303,158
84$18,582,104$5,756,211$3,970,597$13,357,110
85$20,423,589$5,984,375$4,049,722$14,511,606
86$22,451,207$6,222,022$4,129,799$15,776,646
87$24,683,891$6,469,562$4,210,809$17,163,242
88$27,142,503$6,727,425$4,292,726$18,683,516
89$29,850,030$6,996,061$4,375,524$20,350,817
90$32,831,803$7,275,938$4,459,174$22,179,847
91$36,115,734$7,567,546$4,543,644$24,186,790
92$39,732,582$7,871,399$4,628,899$26,389,475
93$43,716,240$8,188,032$4,714,901$28,807,533
94$48,104,054$8,518,003$4,801,608$31,462,584
95$52,937,182$8,861,900$4,888,976$34,378,441
96$58,260,974$9,220,332$4,976,956$37,581,332
97$64,125,405$9,593,940$5,065,496$41,100,142
98$70,585,545$9,983,392$5,154,539$44,966,691
99$77,702,079$10,389,386$5,244,024$49,216,026
100$85,541,878$10,812,654$5,333,887$53,886,752