Can I retire at age 63 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$206,448$204,609$202,815$201,063$199,354$196,699
2 years$102,202$100,298$98,454$96,665$94,930$92,260
3 years$67,458$65,546$63,706$61,934$60,228$57,625
4 years$50,089$48,183$46,362$44,620$42,955$40,440
5 years$39,671$37,776$35,979$34,273$32,654$30,233
6 years$32,727$30,847$29,076$27,408$25,838$23,515
7 years$27,770$25,905$24,162$22,534$21,013$18,789
8 years$24,053$22,206$20,492$18,903$17,432$15,306
9 years$21,164$19,334$17,649$16,101$14,680$12,652
10 years$18,854$17,042$15,387$13,879$12,509$10,576
11 years$16,965$15,172$13,547$12,079$10,758$8,919
12 years$15,393$13,617$12,022$10,595$9,322$7,575
13 years$14,063$12,306$10,741$9,354$8,129$6,472
14 years$12,924$11,186$9,651$8,303$7,126$5,556
15 years$11,938$10,218$8,713$7,405$6,274$4,788
16 years$11,076$9,375$7,900$6,630$5,545$4,141
17 years$10,316$8,634$7,189$5,957$4,917$3,591
18 years$9,642$7,978$6,562$5,369$4,372$3,122
19 years$9,039$7,394$6,008$4,851$3,897$2,720
20 years$8,497$6,871$5,513$4,394$3,481$2,374
21 years$8,007$6,400$5,071$3,988$3,115$2,075
22 years$7,562$5,974$4,674$3,626$2,792$1,816
23 years$7,157$5,588$4,316$3,302$2,506$1,591
24 years$6,786$5,235$3,991$3,012$2,253$1,396
25 years$6,445$4,913$3,697$2,750$2,027$1,225
26 years$6,131$4,617$3,428$2,515$1,826$1,076
27 years$5,841$4,346$3,184$2,302$1,646$946
28 years$5,572$4,095$2,960$2,109$1,485$832
29 years$5,322$3,863$2,754$1,934$1,341$733
30 years$5,089$3,648$2,565$1,775$1,212$645
31 years$4,871$3,449$2,392$1,630$1,096$568
32 years$4,668$3,263$2,231$1,498$991$501
33 years$4,477$3,090$2,084$1,378$897$441
34 years$4,298$2,929$1,947$1,268$812$389
35 years$4,129$2,778$1,820$1,167$736$343
36 years$3,971$2,637$1,703$1,075$666$303
37 years$3,821$2,504$1,594$990$604$267
38 years$3,679$2,380$1,492$913$548$236
39 years$3,545$2,263$1,398$841$497$208
40 years$3,418$2,153$1,310$776$450$183
41 years$3,297$2,050$1,229$716$409$162
42 years$3,183$1,952$1,153$661$371$143
43 years$3,074$1,860$1,082$610$337$126
44 years$2,970$1,773$1,015$563$305$111
45 years$2,872$1,691$953$520$277$98
46 years$2,777$1,613$895$481$252$87
47 years$2,688$1,539$841$444$229$77
48 years$2,602$1,469$791$410$208$68
49 years$2,519$1,403$743$379$189$60
50 years$2,441$1,340$699$350$171$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,500,000, adding $2,052 every year, while hoping to spend $30,242 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: 61/22/17 Blend
62$2,500,000$2,500,000$2,500,000$2,500,000
63$2,757,117$2,624,617$2,585,867$2,913,255
64$3,006,165$2,721,046$2,640,316$3,115,190
65$3,279,603$2,821,186$2,695,576$3,331,899
66$3,579,886$2,925,188$2,751,641$3,567,690
67$3,909,720$3,033,207$2,808,506$3,824,415
68$4,272,084$3,145,407$2,866,164$4,104,115
69$4,670,262$3,261,957$2,924,606$4,409,034
70$5,107,871$3,383,035$2,983,822$4,741,642
71$5,588,894$3,508,825$3,043,801$5,104,660
72$6,117,723$3,639,519$3,104,530$5,501,080
73$6,699,193$3,775,317$3,165,994$5,934,196
74$7,338,634$3,916,431$3,228,177$6,407,638
75$8,041,915$4,063,076$3,291,062$6,925,397
76$8,815,505$4,215,481$3,354,627$7,491,873
77$9,666,530$4,373,884$3,418,851$8,111,905
78$10,602,844$4,538,532$3,483,710$8,790,825
79$11,633,096$4,709,682$3,549,177$9,534,505
80$12,766,821$4,887,605$3,615,223$10,349,410
81$14,014,520$5,072,582$3,681,816$11,242,658
82$15,387,768$5,264,905$3,748,924$12,222,093
83$16,899,315$5,464,880$3,816,508$13,296,349
84$18,563,214$5,672,827$3,884,529$14,474,939
85$20,394,945$5,889,079$3,952,944$15,768,341
86$22,411,568$6,113,983$4,021,707$17,188,093
87$24,631,882$6,347,902$4,090,768$18,746,908
88$27,076,599$6,591,215$4,160,074$20,458,787
89$29,768,544$6,844,316$4,229,568$22,339,154
90$32,732,867$7,107,619$4,299,189$24,405,002
91$35,997,280$7,381,553$4,368,873$26,675,046
92$39,592,322$7,666,568$4,438,549$29,169,906
93$43,551,642$7,963,133$4,508,144$31,912,300
94$47,912,321$8,271,739$4,577,579$34,927,251
95$52,715,220$8,592,896$4,646,770$38,242,331
96$58,005,364$8,927,139$4,715,628$41,887,915
97$63,832,368$9,275,026$4,784,058$45,897,466
98$70,250,905$9,637,138$4,851,960$50,307,856
99$77,321,224$10,014,084$4,919,227$55,159,705
100$85,109,714$10,406,500$4,985,747$60,497,768