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%11.4%
1 years$205,622$203,790$202,003$200,259$198,556$197,387
2 years$101,793$99,897$98,060$96,278$94,551$93,372
3 years$67,188$65,284$63,451$61,687$59,987$58,834
4 years$49,889$47,991$46,176$44,442$42,783$41,665
5 years$39,512$37,625$35,835$34,135$32,523$31,443
6 years$32,596$30,724$28,960$27,298$25,734$24,695
7 years$27,659$25,802$24,066$22,444$20,929$19,929
8 years$23,957$22,117$20,410$18,827$17,363$16,403
9 years$21,079$19,257$17,579$16,037$14,622$13,702
10 years$18,779$16,974$15,326$13,824$12,458$11,579
11 years$16,898$15,111$13,492$12,031$10,715$9,874
12 years$15,331$13,563$11,974$10,553$9,285$8,483
13 years$14,007$12,257$10,698$9,316$8,097$7,332
14 years$12,872$11,141$9,612$8,270$7,098$6,369
15 years$11,890$10,178$8,679$7,375$6,249$5,556
16 years$11,032$9,338$7,868$6,604$5,523$4,865
17 years$10,275$8,600$7,160$5,934$4,897$4,272
18 years$9,603$7,946$6,536$5,347$4,354$3,762
19 years$9,002$7,365$5,984$4,832$3,881$3,320
20 years$8,463$6,844$5,491$4,376$3,467$2,936
21 years$7,975$6,375$5,051$3,972$3,102$2,601
22 years$7,532$5,950$4,655$3,611$2,781$2,308
23 years$7,129$5,565$4,298$3,289$2,496$2,050
24 years$6,759$5,214$3,975$2,999$2,244$1,823
25 years$6,420$4,893$3,682$2,739$2,019$1,623
26 years$6,107$4,599$3,415$2,505$1,819$1,446
27 years$5,818$4,328$3,171$2,293$1,640$1,290
28 years$5,550$4,078$2,948$2,100$1,479$1,151
29 years$5,301$3,848$2,743$1,926$1,336$1,028
30 years$5,069$3,634$2,555$1,768$1,207$918
31 years$4,852$3,435$2,382$1,624$1,091$821
32 years$4,649$3,250$2,223$1,492$987$734
33 years$4,459$3,078$2,075$1,372$893$657
34 years$4,281$2,917$1,939$1,262$809$588
35 years$4,113$2,767$1,813$1,162$733$526
36 years$3,955$2,626$1,696$1,070$664$471
37 years$3,805$2,494$1,587$986$602$422
38 years$3,664$2,370$1,486$909$545$378
39 years$3,531$2,254$1,393$838$495$339
40 years$3,404$2,145$1,305$773$449$304
41 years$3,284$2,041$1,224$713$407$272
42 years$3,170$1,944$1,148$658$369$244
43 years$3,062$1,852$1,077$608$335$219
44 years$2,958$1,766$1,011$561$304$196
45 years$2,860$1,684$950$518$276$176
46 years$2,766$1,606$892$479$251$158
47 years$2,677$1,533$838$442$228$142
48 years$2,591$1,463$787$409$207$127
49 years$2,509$1,397$740$378$188$114
50 years$2,431$1,335$696$349$171$102

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 $5,354 every year, while hoping to spend $44,312 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: 36/38/26 Blend
62$2,490,000$2,490,000$2,490,000$2,490,000
63$2,749,503$2,617,533$2,578,938$2,826,816
64$2,982,804$2,698,644$2,618,184$2,965,624
65$3,238,418$2,782,245$2,657,261$3,110,951
66$3,518,571$2,868,410$2,696,114$3,266,979
67$3,825,721$2,957,217$2,734,689$3,434,699
68$4,162,570$3,048,746$2,772,927$3,615,198
69$4,532,095$3,143,079$2,810,763$3,809,673
70$4,937,579$3,240,299$2,848,134$4,019,444
71$5,382,632$3,340,494$2,884,967$4,245,957
72$5,871,236$3,443,754$2,921,188$4,490,809
73$6,407,774$3,550,170$2,956,720$4,755,753
74$6,997,076$3,659,837$2,991,479$5,042,723
75$7,644,461$3,772,853$3,025,377$5,353,842
76$8,355,791$3,889,317$3,058,322$5,691,452
77$9,137,522$4,009,333$3,090,216$6,058,129
78$9,996,766$4,133,008$3,120,955$6,456,710
79$10,941,361$4,260,450$3,150,431$6,890,318
80$11,979,939$4,391,771$3,178,530$7,362,392
81$13,122,013$4,527,088$3,205,131$7,876,720
82$14,378,062$4,666,520$3,230,107$8,437,473
83$15,759,633$4,810,188$3,253,325$9,049,243
84$17,279,447$4,958,218$3,274,642$9,717,091
85$18,951,521$5,110,741$3,293,913$10,446,590
86$20,791,297$5,267,888$3,310,980$11,243,877
87$22,815,792$5,429,797$3,325,681$12,115,713
88$25,043,755$5,596,610$3,337,843$13,069,548
89$27,495,844$5,768,469$3,347,286$14,113,585
90$30,194,821$5,945,525$3,353,822$15,256,864
91$33,165,767$6,127,931$3,357,249$16,509,342
92$36,436,319$6,315,843$3,357,360$17,881,990
93$40,036,928$6,509,423$3,353,936$19,386,896
94$44,001,148$6,708,838$3,346,747$21,037,374
95$48,365,953$6,914,259$3,335,550$22,848,097
96$53,172,083$7,125,862$3,320,095$24,835,229
97$58,464,432$7,343,826$3,300,115$27,016,583
98$64,292,468$7,568,337$3,275,333$29,411,781
99$70,710,701$7,799,586$3,245,457$32,042,448
100$77,779,196$8,037,769$3,210,183$34,932,410