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

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$206,448$204,609$202,815$201,063$199,354$191,520
2 years$102,202$100,298$98,454$96,665$94,930$87,134
3 years$67,458$65,546$63,706$61,934$60,228$52,714
4 years$50,089$48,183$46,362$44,620$42,955$35,781
5 years$39,671$37,776$35,979$34,273$32,654$25,838
6 years$32,727$30,847$29,076$27,408$25,838$19,384
7 years$27,770$25,905$24,162$22,534$21,013$14,920
8 years$24,053$22,206$20,492$18,903$17,432$11,694
9 years$21,164$19,334$17,649$16,101$14,680$9,288
10 years$18,854$17,042$15,387$13,879$12,509$7,451
11 years$16,965$15,172$13,547$12,079$10,758$6,024
12 years$15,393$13,617$12,022$10,595$9,322$4,900
13 years$14,063$12,306$10,741$9,354$8,129$4,004
14 years$12,924$11,186$9,651$8,303$7,126$3,285
15 years$11,938$10,218$8,713$7,405$6,274$2,704
16 years$11,076$9,375$7,900$6,630$5,545$2,230
17 years$10,316$8,634$7,189$5,957$4,917$1,844
18 years$9,642$7,978$6,562$5,369$4,372$1,527
19 years$9,039$7,394$6,008$4,851$3,897$1,266
20 years$8,497$6,871$5,513$4,394$3,481$1,051
21 years$8,007$6,400$5,071$3,988$3,115$873
22 years$7,562$5,974$4,674$3,626$2,792$726
23 years$7,157$5,588$4,316$3,302$2,506$604
24 years$6,786$5,235$3,991$3,012$2,253$503
25 years$6,445$4,913$3,697$2,750$2,027$419
26 years$6,131$4,617$3,428$2,515$1,826$349
27 years$5,841$4,346$3,184$2,302$1,646$291
28 years$5,572$4,095$2,960$2,109$1,485$243
29 years$5,322$3,863$2,754$1,934$1,341$202
30 years$5,089$3,648$2,565$1,775$1,212$169
31 years$4,871$3,449$2,392$1,630$1,096$141
32 years$4,668$3,263$2,231$1,498$991$117
33 years$4,477$3,090$2,084$1,378$897$98
34 years$4,298$2,929$1,947$1,268$812$82
35 years$4,129$2,778$1,820$1,167$736$68
36 years$3,971$2,637$1,703$1,075$666$57
37 years$3,821$2,504$1,594$990$604$47
38 years$3,679$2,380$1,492$913$548$40
39 years$3,545$2,263$1,398$841$497$33
40 years$3,418$2,153$1,310$776$450$28
41 years$3,297$2,050$1,229$716$409$23
42 years$3,183$1,952$1,153$661$371$19
43 years$3,074$1,860$1,082$610$337$16
44 years$2,970$1,773$1,015$563$305$13
45 years$2,872$1,691$953$520$277$11
46 years$2,777$1,613$895$481$252$9
47 years$2,688$1,539$841$444$229$8
48 years$2,602$1,469$791$410$208$7
49 years$2,519$1,403$743$379$189$5
50 years$2,441$1,340$699$350$171$5

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 $5,359 every year, while hoping to spend $28,836 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: 68/21/11 Blend
62$2,500,000$2,500,000$2,500,000$2,500,000
63$2,760,528$2,628,028$2,589,278$2,941,459
64$3,011,420$2,726,120$2,645,337$3,160,467
65$3,286,938$2,828,052$2,702,308$3,395,940
66$3,589,560$2,933,982$2,760,191$3,652,713
67$3,922,023$3,044,074$2,818,985$3,932,868
68$4,287,335$3,158,500$2,878,687$4,238,702
69$4,688,816$3,277,439$2,939,295$4,572,737
70$5,130,119$3,401,077$3,000,805$4,937,755
71$5,615,270$3,529,609$3,063,212$5,336,815
72$6,148,707$3,663,239$3,126,508$5,773,284
73$6,735,315$3,802,178$3,190,686$6,250,871
74$7,380,479$3,946,647$3,255,737$6,773,658
75$8,090,133$4,096,877$3,321,648$7,346,141
76$8,870,812$4,253,109$3,388,409$7,973,270
77$9,729,718$4,415,595$3,456,004$8,660,495
78$10,674,785$4,584,596$3,524,416$9,413,818
79$11,714,758$4,760,385$3,593,629$10,239,850
80$12,859,269$4,943,250$3,663,621$11,145,869
81$14,118,933$5,133,488$3,734,371$12,139,893
82$15,505,445$5,331,409$3,805,853$13,230,753
83$17,031,692$5,537,340$3,878,041$14,428,174
84$18,711,875$5,751,620$3,950,905$15,742,868
85$20,561,638$5,974,602$4,024,413$17,186,634
86$22,598,224$6,206,656$4,098,530$18,772,470
87$24,840,630$6,448,169$4,173,217$20,514,692
88$27,309,789$6,699,544$4,248,435$22,429,071
89$30,028,767$6,961,201$4,324,137$24,532,982
90$33,022,983$7,233,582$4,400,277$26,845,561
91$36,320,444$7,517,144$4,476,804$29,387,892
92$39,952,014$7,812,368$4,553,661$32,183,204
93$43,951,700$8,119,755$4,630,789$35,257,083
94$48,356,979$8,439,829$4,708,126$38,637,722
95$53,209,145$8,773,135$4,785,603$42,356,177
96$58,553,705$9,120,245$4,863,147$46,446,668
97$64,440,803$9,481,757$4,940,682$50,946,893
98$70,925,695$9,858,293$5,018,125$55,898,387
99$78,069,271$10,250,506$5,095,388$61,346,913
100$85,938,631$10,659,075$5,172,378$67,342,891