Can I retire at age 63 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$207,273$205,427$203,626$201,868$200,151$194,602
2 years$102,611$100,700$98,848$97,052$95,310$89,761
3 years$67,728$65,808$63,961$62,182$60,469$55,093
4 years$50,289$48,376$46,547$44,799$43,127$37,966
5 years$39,829$37,927$36,122$34,410$32,784$27,853
6 years$32,858$30,971$29,192$27,518$25,941$21,244
7 years$27,881$26,009$24,259$22,624$21,097$16,633
8 years$24,149$22,295$20,574$18,979$17,502$13,270
9 years$21,249$19,411$17,720$16,166$14,739$10,734
10 years$18,930$17,110$15,449$13,935$12,559$8,776
11 years$17,033$15,232$13,601$12,127$10,801$7,234
12 years$15,454$13,672$12,070$10,637$9,360$6,003
13 years$14,119$12,355$10,784$9,391$8,162$5,007
14 years$12,976$11,230$9,690$8,337$7,155$4,195
15 years$11,986$10,259$8,748$7,435$6,300$3,526
16 years$11,120$9,413$7,932$6,657$5,568$2,973
17 years$10,357$8,669$7,217$5,981$4,937$2,512
18 years$9,680$8,010$6,589$5,390$4,389$2,127
19 years$9,075$7,424$6,032$4,871$3,912$1,805
20 years$8,531$6,899$5,535$4,411$3,495$1,533
21 years$8,039$6,426$5,092$4,003$3,127$1,304
22 years$7,593$5,998$4,693$3,640$2,803$1,110
23 years$7,186$5,610$4,333$3,315$2,516$945
24 years$6,813$5,256$4,007$3,024$2,262$806
25 years$6,471$4,933$3,711$2,761$2,035$688
26 years$6,156$4,636$3,442$2,525$1,833$587
27 years$5,864$4,363$3,196$2,311$1,653$501
28 years$5,594$4,111$2,971$2,117$1,491$428
29 years$5,343$3,878$2,765$1,942$1,347$366
30 years$5,109$3,663$2,576$1,782$1,217$313
31 years$4,891$3,463$2,401$1,637$1,100$267
32 years$4,687$3,276$2,240$1,504$995$229
33 years$4,495$3,103$2,092$1,383$901$196
34 years$4,315$2,941$1,954$1,273$815$167
35 years$4,146$2,789$1,827$1,171$738$143
36 years$3,986$2,647$1,709$1,079$669$123
37 years$3,836$2,514$1,600$994$606$105
38 years$3,694$2,390$1,498$916$550$90
39 years$3,559$2,272$1,404$845$499$77
40 years$3,432$2,162$1,316$779$452$66
41 years$3,311$2,058$1,234$719$410$56
42 years$3,196$1,960$1,157$664$372$48
43 years$3,086$1,867$1,086$612$338$41
44 years$2,982$1,780$1,019$566$307$35
45 years$2,883$1,697$957$522$278$30
46 years$2,789$1,619$899$482$253$26
47 years$2,698$1,545$845$446$230$22
48 years$2,612$1,475$794$412$208$19
49 years$2,530$1,409$746$381$189$16
50 years$2,451$1,346$701$352$172$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,510,000, adding $4,134 every year, while hoping to spend $58,715 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: 55/25/20 Blend
62$2,510,000$2,510,000$2,510,000$2,510,000
63$2,770,284$2,637,254$2,598,349$2,907,448
64$2,990,381$2,704,007$2,622,922$3,068,442
65$3,230,960$2,772,064$2,646,349$3,237,095
66$3,494,047$2,841,425$2,668,532$3,419,480
67$3,781,876$2,912,091$2,689,364$3,616,928
68$4,096,904$2,984,059$2,708,734$3,830,906
69$4,441,837$3,057,327$2,726,525$4,063,029
70$4,819,655$3,131,887$2,742,614$4,315,076
71$5,233,640$3,207,729$2,756,872$4,589,007
72$5,687,407$3,284,843$2,769,163$4,886,982
73$6,184,935$3,363,214$2,779,343$5,211,380
74$6,730,610$3,442,823$2,787,263$5,564,824
75$7,329,261$3,523,650$2,792,764$5,950,201
76$7,986,206$3,605,669$2,795,682$6,370,696
77$8,707,304$3,688,852$2,795,843$6,829,816
78$9,499,009$3,773,165$2,793,063$7,331,426
79$10,368,430$3,858,573$2,787,153$7,879,787
80$11,323,399$3,945,032$2,777,912$8,479,592
81$12,372,542$4,032,495$2,765,128$9,136,015
82$13,525,364$4,120,909$2,748,582$9,854,757
83$14,792,334$4,210,217$2,728,043$10,642,101
84$16,184,988$4,300,353$2,703,268$11,504,972
85$17,716,033$4,391,247$2,674,004$12,451,002
86$19,399,471$4,482,821$2,639,986$13,488,600
87$21,250,726$4,574,988$2,600,934$14,627,037
88$23,286,793$4,667,655$2,556,558$15,876,528
89$25,526,396$4,760,721$2,506,554$17,248,333
90$27,990,166$4,854,074$2,450,601$18,754,861
91$30,700,833$4,947,593$2,388,366$20,409,788
92$33,683,441$5,041,149$2,319,499$22,228,189
93$36,965,586$5,134,599$2,243,637$24,226,675
94$40,577,673$5,227,791$2,160,395$26,423,557
95$44,553,202$5,320,559$2,069,375$28,839,015
96$48,929,089$5,412,727$1,970,159$31,495,289
97$53,746,007$5,504,102$1,862,311$34,416,892
98$59,048,774$5,594,477$1,745,373$37,630,841
99$64,886,775$5,683,633$1,618,869$41,166,910
100$71,314,426$5,771,330$1,482,300$45,057,916