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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$207,273$205,427$203,626$201,868$200,151$195,950
2 years$102,611$100,700$98,848$97,052$95,310$91,097
3 years$67,728$65,808$63,961$62,182$60,469$56,375
4 years$50,289$48,376$46,547$44,799$43,127$39,185
5 years$39,829$37,927$36,122$34,410$32,784$29,005
6 years$32,858$30,971$29,192$27,518$25,941$22,328
7 years$27,881$26,009$24,259$22,624$21,097$17,651
8 years$24,149$22,295$20,574$18,979$17,502$14,223
9 years$21,249$19,411$17,720$16,166$14,739$11,624
10 years$18,930$17,110$15,449$13,935$12,559$9,604
11 years$17,033$15,232$13,601$12,127$10,801$8,003
12 years$15,454$13,672$12,070$10,637$9,360$6,715
13 years$14,119$12,355$10,784$9,391$8,162$5,665
14 years$12,976$11,230$9,690$8,337$7,155$4,801
15 years$11,986$10,259$8,748$7,435$6,300$4,085
16 years$11,120$9,413$7,932$6,657$5,568$3,486
17 years$10,357$8,669$7,217$5,981$4,937$2,982
18 years$9,680$8,010$6,589$5,390$4,389$2,557
19 years$9,075$7,424$6,032$4,871$3,912$2,197
20 years$8,531$6,899$5,535$4,411$3,495$1,890
21 years$8,039$6,426$5,092$4,003$3,127$1,629
22 years$7,593$5,998$4,693$3,640$2,803$1,405
23 years$7,186$5,610$4,333$3,315$2,516$1,213
24 years$6,813$5,256$4,007$3,024$2,262$1,048
25 years$6,471$4,933$3,711$2,761$2,035$906
26 years$6,156$4,636$3,442$2,525$1,833$784
27 years$5,864$4,363$3,196$2,311$1,653$679
28 years$5,594$4,111$2,971$2,117$1,491$588
29 years$5,343$3,878$2,765$1,942$1,347$510
30 years$5,109$3,663$2,576$1,782$1,217$442
31 years$4,891$3,463$2,401$1,637$1,100$383
32 years$4,687$3,276$2,240$1,504$995$332
33 years$4,495$3,103$2,092$1,383$901$288
34 years$4,315$2,941$1,954$1,273$815$250
35 years$4,146$2,789$1,827$1,171$738$217
36 years$3,986$2,647$1,709$1,079$669$188
37 years$3,836$2,514$1,600$994$606$164
38 years$3,694$2,390$1,498$916$550$142
39 years$3,559$2,272$1,404$845$499$123
40 years$3,432$2,162$1,316$779$452$107
41 years$3,311$2,058$1,234$719$410$93
42 years$3,196$1,960$1,157$664$372$81
43 years$3,086$1,867$1,086$612$338$70
44 years$2,982$1,780$1,019$566$307$61
45 years$2,883$1,697$957$522$278$53
46 years$2,789$1,619$899$482$253$46
47 years$2,698$1,545$845$446$230$40
48 years$2,612$1,475$794$412$208$35
49 years$2,530$1,409$746$381$189$30
50 years$2,451$1,346$701$352$172$26

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 $5,729 every year, while hoping to spend $37,222 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: 37/38/25 Blend
62$2,510,000$2,510,000$2,510,000$2,510,000
63$2,771,929$2,638,899$2,599,994$2,853,536
64$3,015,062$2,728,602$2,647,490$3,003,646
65$3,281,747$2,821,452$2,695,330$3,161,837
66$3,574,347$2,917,565$2,743,485$3,331,980
67$3,895,465$3,017,060$2,791,926$3,515,175
68$4,247,968$3,120,061$2,840,621$3,712,633
69$4,635,013$3,226,697$2,889,535$3,925,683
70$5,060,081$3,337,101$2,938,630$4,155,789
71$5,527,002$3,451,412$2,987,868$4,404,558
72$6,040,000$3,569,775$3,037,205$4,673,757
73$6,603,725$3,692,339$3,086,596$4,965,331
74$7,223,300$3,819,259$3,135,992$5,281,419
75$7,904,371$3,950,696$3,185,342$5,624,374
76$8,653,157$4,086,820$3,234,591$5,996,783
77$9,476,508$4,227,804$3,283,679$6,401,496
78$10,381,974$4,373,829$3,332,545$6,841,646
79$11,377,873$4,525,083$3,381,122$7,320,682
80$12,473,366$4,681,762$3,429,340$7,842,401
81$13,678,550$4,844,070$3,477,124$8,410,981
82$15,004,550$5,012,217$3,524,395$9,031,021
83$16,463,621$5,186,423$3,571,069$9,707,585
84$18,069,269$5,366,916$3,617,059$10,446,249
85$19,836,373$5,553,934$3,662,269$11,253,148
86$21,781,329$5,747,722$3,706,601$12,135,042
87$23,922,203$5,948,539$3,749,950$13,099,371
88$26,278,899$6,156,649$3,792,205$14,154,330
89$28,873,353$6,372,331$3,833,250$15,308,942
90$31,729,732$6,595,872$3,872,961$16,573,146
91$34,874,667$6,827,572$3,911,208$17,957,885
92$38,337,504$7,067,744$3,947,854$19,475,215
93$42,150,577$7,316,711$3,982,755$21,138,410
94$46,349,518$7,574,812$4,015,758$22,962,096
95$50,973,586$7,842,395$4,046,704$24,962,378
96$56,066,047$8,119,828$4,075,424$27,157,000
97$61,674,574$8,407,489$4,101,740$29,565,505
98$67,851,698$8,705,774$4,125,466$32,209,423
99$74,655,308$9,015,094$4,146,407$35,112,471
100$82,149,193$9,335,876$4,164,354$38,300,774