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%16.2%
1 years$205,622$203,790$202,003$200,259$198,556$193,520
2 years$101,793$99,897$98,060$96,278$94,551$89,510
3 years$67,188$65,284$63,451$61,687$59,987$55,099
4 years$49,889$47,991$46,176$44,442$42,783$38,085
5 years$39,512$37,625$35,835$34,135$32,523$28,029
6 years$32,596$30,724$28,960$27,298$25,734$21,448
7 years$27,659$25,802$24,066$22,444$20,929$16,850
8 years$23,957$22,117$20,410$18,827$17,363$13,490
9 years$21,079$19,257$17,579$16,037$14,622$10,953
10 years$18,779$16,974$15,326$13,824$12,458$8,988
11 years$16,898$15,111$13,492$12,031$10,715$7,438
12 years$15,331$13,563$11,974$10,553$9,285$6,196
13 years$14,007$12,257$10,698$9,316$8,097$5,189
14 years$12,872$11,141$9,612$8,270$7,098$4,365
15 years$11,890$10,178$8,679$7,375$6,249$3,685
16 years$11,032$9,338$7,868$6,604$5,523$3,120
17 years$10,275$8,600$7,160$5,934$4,897$2,648
18 years$9,603$7,946$6,536$5,347$4,354$2,253
19 years$9,002$7,365$5,984$4,832$3,881$1,919
20 years$8,463$6,844$5,491$4,376$3,467$1,638
21 years$7,975$6,375$5,051$3,972$3,102$1,399
22 years$7,532$5,950$4,655$3,611$2,781$1,197
23 years$7,129$5,565$4,298$3,289$2,496$1,024
24 years$6,759$5,214$3,975$2,999$2,244$878
25 years$6,420$4,893$3,682$2,739$2,019$752
26 years$6,107$4,599$3,415$2,505$1,819$645
27 years$5,818$4,328$3,171$2,293$1,640$554
28 years$5,550$4,078$2,948$2,100$1,479$475
29 years$5,301$3,848$2,743$1,926$1,336$408
30 years$5,069$3,634$2,555$1,768$1,207$351
31 years$4,852$3,435$2,382$1,624$1,091$301
32 years$4,649$3,250$2,223$1,492$987$259
33 years$4,459$3,078$2,075$1,372$893$223
34 years$4,281$2,917$1,939$1,262$809$191
35 years$4,113$2,767$1,813$1,162$733$165
36 years$3,955$2,626$1,696$1,070$664$142
37 years$3,805$2,494$1,587$986$602$122
38 years$3,664$2,370$1,486$909$545$105
39 years$3,531$2,254$1,393$838$495$90
40 years$3,404$2,145$1,305$773$449$77
41 years$3,284$2,041$1,224$713$407$67
42 years$3,170$1,944$1,148$658$369$57
43 years$3,062$1,852$1,077$608$335$49
44 years$2,958$1,766$1,011$561$304$42
45 years$2,860$1,684$950$518$276$37
46 years$2,766$1,606$892$479$251$31
47 years$2,677$1,533$838$442$228$27
48 years$2,591$1,463$787$409$207$23
49 years$2,509$1,397$740$378$188$20
50 years$2,431$1,335$696$349$171$17

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 $4,846 every year, while hoping to spend $26,624 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: 22/50/28 Blend
62$2,490,000$2,490,000$2,490,000$2,490,000
63$2,748,979$2,617,009$2,578,414$2,784,943
64$3,001,047$2,716,914$2,636,463$2,917,130
65$3,277,933$2,820,823$2,695,564$3,055,912
66$3,582,142$2,928,903$2,755,725$3,203,813
67$3,916,431$3,041,329$2,816,952$3,361,597
68$4,283,837$3,158,285$2,879,251$3,530,098
69$4,687,709$3,279,962$2,942,626$3,710,228
70$5,131,734$3,406,558$3,007,083$3,902,989
71$5,619,975$3,538,284$3,072,624$4,109,475
72$6,156,908$3,675,354$3,139,252$4,330,885
73$6,747,464$3,817,998$3,206,968$4,568,537
74$7,397,077$3,966,452$3,275,773$4,823,870
75$8,111,734$4,120,963$3,345,667$5,098,467
76$8,898,030$4,281,790$3,416,647$5,394,061
77$9,763,235$4,449,203$3,488,710$5,712,556
78$10,715,355$4,623,484$3,561,851$6,056,039
79$11,763,213$4,804,927$3,636,065$6,426,803
80$12,916,532$4,993,840$3,711,345$6,827,363
81$14,186,024$5,190,544$3,787,681$7,260,482
82$15,583,493$5,395,375$3,865,062$7,729,196
83$17,121,944$5,608,683$3,943,476$8,236,837
84$18,815,708$5,830,834$4,022,909$8,787,069
85$20,680,577$6,062,212$4,103,343$9,383,915
86$22,733,951$6,303,215$4,184,760$10,031,798
87$24,995,004$6,554,263$4,267,140$10,735,580
88$27,484,863$6,815,791$4,350,458$11,500,606
89$30,226,809$7,088,255$4,434,688$12,332,752
90$33,246,497$7,372,132$4,519,803$13,238,478
91$36,572,194$7,667,921$4,605,771$14,224,891
92$40,235,050$7,976,142$4,692,557$15,299,806
93$44,269,392$8,297,339$4,780,124$16,471,820
94$48,713,043$8,632,081$4,868,431$17,750,389
95$53,607,683$8,980,964$4,957,434$19,145,917
96$58,999,244$9,344,607$5,047,084$20,669,853
97$64,938,335$9,723,662$5,137,331$22,334,791
98$71,480,732$10,118,808$5,228,117$24,154,595
99$78,687,891$10,530,754$5,319,384$26,144,520
100$86,627,538$10,960,243$5,411,066$28,321,355