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

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$205,622$203,790$202,003$200,259$198,556$192,123
2 years$101,793$99,897$98,060$96,278$94,551$88,130
3 years$67,188$65,284$63,451$61,687$59,987$53,780
4 years$49,889$47,991$46,176$44,442$42,783$36,837
5 years$39,512$37,625$35,835$34,135$32,523$26,855
6 years$32,596$30,724$28,960$27,298$25,734$20,348
7 years$27,659$25,802$24,066$22,444$20,929$15,824
8 years$23,957$22,117$20,410$18,827$17,363$12,535
9 years$21,079$19,257$17,579$16,037$14,622$10,066
10 years$18,779$16,974$15,326$13,824$12,458$8,168
11 years$16,898$15,111$13,492$12,031$10,715$6,681
12 years$15,331$13,563$11,974$10,553$9,285$5,500
13 years$14,007$12,257$10,698$9,316$8,097$4,551
14 years$12,872$11,141$9,612$8,270$7,098$3,781
15 years$11,890$10,178$8,679$7,375$6,249$3,151
16 years$11,032$9,338$7,868$6,604$5,523$2,634
17 years$10,275$8,600$7,160$5,934$4,897$2,207
18 years$9,603$7,946$6,536$5,347$4,354$1,852
19 years$9,002$7,365$5,984$4,832$3,881$1,557
20 years$8,463$6,844$5,491$4,376$3,467$1,310
21 years$7,975$6,375$5,051$3,972$3,102$1,104
22 years$7,532$5,950$4,655$3,611$2,781$931
23 years$7,129$5,565$4,298$3,289$2,496$786
24 years$6,759$5,214$3,975$2,999$2,244$664
25 years$6,420$4,893$3,682$2,739$2,019$561
26 years$6,107$4,599$3,415$2,505$1,819$474
27 years$5,818$4,328$3,171$2,293$1,640$401
28 years$5,550$4,078$2,948$2,100$1,479$339
29 years$5,301$3,848$2,743$1,926$1,336$287
30 years$5,069$3,634$2,555$1,768$1,207$243
31 years$4,852$3,435$2,382$1,624$1,091$206
32 years$4,649$3,250$2,223$1,492$987$174
33 years$4,459$3,078$2,075$1,372$893$147
34 years$4,281$2,917$1,939$1,262$809$125
35 years$4,113$2,767$1,813$1,162$733$106
36 years$3,955$2,626$1,696$1,070$664$90
37 years$3,805$2,494$1,587$986$602$76
38 years$3,664$2,370$1,486$909$545$64
39 years$3,531$2,254$1,393$838$495$54
40 years$3,404$2,145$1,305$773$449$46
41 years$3,284$2,041$1,224$713$407$39
42 years$3,170$1,944$1,148$658$369$33
43 years$3,062$1,852$1,077$608$335$28
44 years$2,958$1,766$1,011$561$304$24
45 years$2,860$1,684$950$518$276$20
46 years$2,766$1,606$892$479$251$17
47 years$2,677$1,533$838$442$228$14
48 years$2,591$1,463$787$409$207$12
49 years$2,509$1,397$740$378$188$10
50 years$2,431$1,335$696$349$171$9

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 $6,133 every year, while hoping to spend $55,207 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: 40/40/20 Blend
62$2,490,000$2,490,000$2,490,000$2,490,000
63$2,750,306$2,618,336$2,579,741$2,843,797
64$2,972,098$2,687,895$2,607,423$2,980,837
65$3,214,661$2,759,012$2,634,181$3,123,255
66$3,480,058$2,831,704$2,659,928$3,276,194
67$3,770,557$2,905,991$2,684,568$3,440,641
68$4,088,655$2,981,886$2,708,003$3,617,685
69$4,437,105$3,059,405$2,730,128$3,808,523
70$4,818,937$3,138,563$2,750,834$4,014,473
71$5,237,486$3,219,370$2,770,004$4,236,988
72$5,696,428$3,301,838$2,787,518$4,477,668
73$6,199,811$3,385,976$2,803,248$4,738,274
74$6,752,094$3,471,790$2,817,058$5,020,746
75$7,358,185$3,559,286$2,828,808$5,327,223
76$8,023,496$3,648,467$2,838,348$5,660,059
77$8,753,984$3,739,333$2,845,524$6,021,848
78$9,556,212$3,831,882$2,850,171$6,415,451
79$10,437,411$3,926,110$2,852,118$6,844,015
80$11,405,547$4,022,008$2,851,183$7,311,013
81$12,469,393$4,119,567$2,847,178$7,820,268
82$13,638,616$4,218,771$2,839,903$8,375,994
83$14,923,866$4,319,603$2,829,152$8,982,836
84$16,336,877$4,422,039$2,814,705$9,645,911
85$17,890,574$4,526,055$2,796,333$10,370,859
86$19,599,199$4,631,618$2,773,797$11,163,896
87$21,478,444$4,738,694$2,746,845$12,031,870
88$23,545,595$4,847,240$2,715,214$12,982,332
89$25,819,701$4,957,209$2,678,629$14,023,600
90$28,321,747$5,068,550$2,636,800$15,164,844
91$31,074,859$5,181,202$2,589,426$16,416,170
92$34,104,513$5,295,099$2,536,190$17,788,716
93$37,438,782$5,410,168$2,476,762$19,294,757
94$41,108,598$5,526,327$2,410,794$20,947,822
95$45,148,044$5,643,486$2,337,924$22,762,822
96$49,594,675$5,761,546$2,257,775$24,756,193
97$54,489,869$5,880,400$2,169,948$26,946,047
98$59,879,225$5,999,928$2,074,030$29,352,348
99$65,812,983$6,120,002$1,969,587$31,997,100
100$72,346,506$6,240,481$1,856,167$34,904,554