Can I retire at age 63 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$205,622$203,790$202,003$200,259$198,556$190,678
2 years$101,793$99,897$98,060$96,278$94,551$86,711
3 years$67,188$65,284$63,451$61,687$59,987$52,433
4 years$49,889$47,991$46,176$44,442$42,783$35,572
5 years$39,512$37,625$35,835$34,135$32,523$25,674
6 years$32,596$30,724$28,960$27,298$25,734$19,251
7 years$27,659$25,802$24,066$22,444$20,929$14,809
8 years$23,957$22,117$20,410$18,827$17,363$11,600
9 years$21,079$19,257$17,579$16,037$14,622$9,207
10 years$18,779$16,974$15,326$13,824$12,458$7,382
11 years$16,898$15,111$13,492$12,031$10,715$5,964
12 years$15,331$13,563$11,974$10,553$9,285$4,848
13 years$14,007$12,257$10,698$9,316$8,097$3,959
14 years$12,872$11,141$9,612$8,270$7,098$3,246
15 years$11,890$10,178$8,679$7,375$6,249$2,669
16 years$11,032$9,338$7,868$6,604$5,523$2,201
17 years$10,275$8,600$7,160$5,934$4,897$1,818
18 years$9,603$7,946$6,536$5,347$4,354$1,504
19 years$9,002$7,365$5,984$4,832$3,881$1,246
20 years$8,463$6,844$5,491$4,376$3,467$1,034
21 years$7,975$6,375$5,051$3,972$3,102$858
22 years$7,532$5,950$4,655$3,611$2,781$713
23 years$7,129$5,565$4,298$3,289$2,496$593
24 years$6,759$5,214$3,975$2,999$2,244$493
25 years$6,420$4,893$3,682$2,739$2,019$411
26 years$6,107$4,599$3,415$2,505$1,819$342
27 years$5,818$4,328$3,171$2,293$1,640$285
28 years$5,550$4,078$2,948$2,100$1,479$237
29 years$5,301$3,848$2,743$1,926$1,336$198
30 years$5,069$3,634$2,555$1,768$1,207$165
31 years$4,852$3,435$2,382$1,624$1,091$137
32 years$4,649$3,250$2,223$1,492$987$114
33 years$4,459$3,078$2,075$1,372$893$95
34 years$4,281$2,917$1,939$1,262$809$79
35 years$4,113$2,767$1,813$1,162$733$66
36 years$3,955$2,626$1,696$1,070$664$55
37 years$3,805$2,494$1,587$986$602$46
38 years$3,664$2,370$1,486$909$545$38
39 years$3,531$2,254$1,393$838$495$32
40 years$3,404$2,145$1,305$773$449$27
41 years$3,284$2,041$1,224$713$407$22
42 years$3,170$1,944$1,148$658$369$19
43 years$3,062$1,852$1,077$608$335$15
44 years$2,958$1,766$1,011$561$304$13
45 years$2,860$1,684$950$518$276$11
46 years$2,766$1,606$892$479$251$9
47 years$2,677$1,533$838$442$228$7
48 years$2,591$1,463$787$409$207$6
49 years$2,509$1,397$740$378$188$5
50 years$2,431$1,335$696$349$171$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,490,000, adding $2,817 every year, while hoping to spend $22,605 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: 68/25/7 Blend
62$2,490,000$2,490,000$2,490,000$2,490,000
63$2,746,886$2,614,916$2,576,321$2,930,308
64$3,003,017$2,718,995$2,638,576$3,156,304
65$3,284,515$2,827,417$2,702,159$3,400,345
66$3,593,945$2,940,369$2,767,091$3,666,604
67$3,934,131$3,058,051$2,833,392$3,957,252
68$4,308,184$3,180,667$2,901,082$4,274,675
69$4,719,532$3,308,434$2,970,182$4,621,501
70$5,171,954$3,441,576$3,040,713$5,000,621
71$5,669,610$3,580,330$3,112,693$5,415,217
72$6,217,086$3,724,942$3,186,144$5,868,791
73$6,819,433$3,875,669$3,261,084$6,365,197
74$7,482,218$4,032,779$3,337,533$6,908,679
75$8,211,574$4,196,555$3,415,511$7,503,907
76$9,014,259$4,367,291$3,495,034$8,156,025
77$9,897,718$4,545,293$3,576,123$8,870,694
78$10,870,157$4,730,883$3,658,794$9,654,147
79$11,940,614$4,924,398$3,743,065$10,513,249
80$13,119,052$5,126,189$3,828,953$11,455,558
81$14,416,446$5,336,623$3,916,474$12,489,395
82$15,844,890$5,556,084$4,005,643$13,623,927
83$17,417,712$5,784,975$4,096,475$14,869,246
84$19,149,596$6,023,717$4,188,984$16,236,468
85$21,056,724$6,272,747$4,283,184$17,737,834
86$23,156,925$6,532,527$4,379,086$19,386,828
87$25,469,848$6,803,538$4,476,702$21,198,301
88$28,017,143$7,086,281$4,576,042$23,188,608
89$30,822,667$7,381,285$4,677,114$25,375,766
90$33,912,709$7,689,098$4,779,928$27,779,620
91$37,316,239$8,010,298$4,884,489$30,422,031
92$41,065,179$8,345,485$4,990,803$33,327,078
93$45,194,705$8,695,292$5,098,873$36,521,286
94$49,743,580$9,060,377$5,208,701$40,033,876
95$54,754,520$9,441,430$5,320,286$43,897,039
96$60,274,594$9,839,173$5,433,629$48,146,236
97$66,355,671$10,254,361$5,548,724$52,820,534
98$73,054,910$10,687,785$5,665,567$57,962,971
99$80,435,297$11,140,273$5,784,150$63,620,964
100$88,566,240$11,612,689$5,904,461$69,846,750