Can I retire at age 63 with 2,480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$204,796$202,972$201,192$199,455$197,759$190,742
2 years$101,384$99,496$97,666$95,892$94,171$87,176
3 years$66,918$65,022$63,196$61,439$59,746$52,994
4 years$49,688$47,798$45,991$44,263$42,611$36,153
5 years$39,353$37,474$35,691$33,998$32,392$26,244
6 years$32,465$30,600$28,843$27,189$25,631$19,798
7 years$27,548$25,698$23,969$22,353$20,845$15,326
8 years$23,861$22,028$20,328$18,752$17,293$12,084
9 years$20,995$19,179$17,508$15,972$14,563$9,656
10 years$18,703$16,906$15,264$13,768$12,408$7,796
11 years$16,830$15,050$13,438$11,983$10,672$6,344
12 years$15,270$13,508$11,926$10,510$9,248$5,195
13 years$13,950$12,207$10,655$9,279$8,064$4,275
14 years$12,821$11,096$9,574$8,237$7,069$3,532
15 years$11,842$10,137$8,644$7,346$6,224$2,927
16 years$10,987$9,300$7,837$6,577$5,501$2,432
17 years$10,234$8,565$7,131$5,910$4,878$2,026
18 years$9,564$7,915$6,510$5,326$4,337$1,690
19 years$8,966$7,335$5,959$4,812$3,866$1,412
20 years$8,429$6,816$5,469$4,359$3,453$1,181
21 years$7,943$6,349$5,031$3,956$3,090$989
22 years$7,502$5,927$4,637$3,597$2,770$829
23 years$7,100$5,543$4,281$3,275$2,486$695
24 years$6,732$5,193$3,959$2,987$2,235$583
25 years$6,394$4,874$3,667$2,728$2,011$490
26 years$6,082$4,581$3,401$2,495$1,811$411
27 years$5,794$4,311$3,158$2,283$1,633$346
28 years$5,527$4,062$2,936$2,092$1,474$291
29 years$5,279$3,832$2,732$1,918$1,331$244
30 years$5,048$3,619$2,545$1,761$1,202$205
31 years$4,832$3,421$2,373$1,617$1,087$173
32 years$4,631$3,237$2,214$1,486$983$145
33 years$4,441$3,066$2,067$1,367$890$122
34 years$4,264$2,905$1,931$1,257$806$103
35 years$4,096$2,756$1,805$1,157$730$87
36 years$3,939$2,616$1,689$1,066$661$73
37 years$3,790$2,484$1,581$982$599$61
38 years$3,650$2,361$1,480$905$543$52
39 years$3,517$2,245$1,387$835$493$43
40 years$3,391$2,136$1,300$770$447$37
41 years$3,271$2,033$1,219$710$405$31
42 years$3,157$1,936$1,143$656$368$26
43 years$3,049$1,845$1,073$605$334$22
44 years$2,947$1,759$1,007$559$303$18
45 years$2,849$1,677$946$516$275$15
46 years$2,755$1,600$888$477$250$13
47 years$2,666$1,527$834$440$227$11
48 years$2,581$1,457$784$407$206$9
49 years$2,499$1,392$737$376$187$8
50 years$2,421$1,330$693$348$170$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,480,000, adding $3,486 every year, while hoping to spend $43,312 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: 78/8/14 Blend
62$2,480,000$2,480,000$2,480,000$2,480,000
63$2,736,556$2,605,116$2,566,676$2,941,911
64$2,969,601$2,686,683$2,606,576$3,159,225
65$3,224,965$2,770,795$2,646,361$3,391,669
66$3,504,879$2,857,531$2,685,981$3,645,415
67$3,811,799$2,946,973$2,725,385$3,922,575
68$4,148,432$3,039,205$2,764,515$4,225,474
69$4,517,759$3,134,312$2,803,312$4,556,672
70$4,923,061$3,232,384$2,841,714$4,918,990
71$5,367,956$3,333,514$2,879,654$5,315,534
72$5,856,427$3,437,795$2,917,062$5,749,727
73$6,392,861$3,545,326$2,953,862$6,225,337
74$6,982,092$3,656,206$2,989,976$6,746,516
75$7,629,446$3,770,540$3,025,320$7,317,839
76$8,340,788$3,888,435$3,059,807$7,944,343
77$9,122,580$4,010,001$3,093,342$8,631,581
78$9,981,943$4,135,350$3,125,829$9,385,666
79$10,926,720$4,264,601$3,157,163$10,213,337
80$11,965,552$4,397,874$3,187,235$11,122,015
81$13,107,962$4,535,293$3,215,930$12,119,878
82$14,364,437$4,676,985$3,243,128$13,215,937
83$15,746,536$4,823,084$3,268,699$14,420,119
84$17,266,993$4,973,725$3,292,510$15,743,360
85$18,939,837$5,129,048$3,314,420$17,197,712
86$20,780,526$5,289,198$3,334,279$18,796,454
87$22,806,094$5,454,323$3,351,932$20,554,216
88$25,035,308$5,624,577$3,367,213$22,487,119
89$27,488,845$5,800,117$3,379,951$24,612,925
90$30,189,491$5,981,107$3,389,963$26,951,208
91$33,162,352$6,167,714$3,397,060$29,523,534
92$36,435,091$6,360,111$3,401,040$32,353,667
93$40,038,190$6,558,476$3,401,695$35,467,793
94$44,005,237$6,762,992$3,398,803$38,894,767
95$48,373,242$6,973,850$3,392,134$42,666,384
96$53,182,986$7,191,242$3,381,444$46,817,680
97$58,479,409$7,415,371$3,366,480$51,387,262
98$64,312,026$7,646,442$3,346,975$56,417,672
99$70,735,404$7,884,669$3,322,650$61,955,790
100$77,809,669$8,130,271$3,293,212$68,053,275