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%19.3%
1 years$207,273$205,427$203,626$201,868$200,151$192,666
2 years$102,611$100,700$98,848$97,052$95,310$87,855
3 years$67,728$65,808$63,961$62,182$60,469$53,278
4 years$50,289$48,376$46,547$44,799$43,127$36,255
5 years$39,829$37,927$36,122$34,410$32,784$26,249
6 years$32,858$30,971$29,192$27,518$25,941$19,748
7 years$27,881$26,009$24,259$22,624$21,097$15,243
8 years$24,149$22,295$20,574$18,979$17,502$11,983
9 years$21,249$19,411$17,720$16,166$14,739$9,546
10 years$18,930$17,110$15,449$13,935$12,559$7,683
11 years$17,033$15,232$13,601$12,127$10,801$6,232
12 years$15,454$13,672$12,070$10,637$9,360$5,086
13 years$14,119$12,355$10,784$9,391$8,162$4,171
14 years$12,976$11,230$9,690$8,337$7,155$3,434
15 years$11,986$10,259$8,748$7,435$6,300$2,836
16 years$11,120$9,413$7,932$6,657$5,568$2,348
17 years$10,357$8,669$7,217$5,981$4,937$1,948
18 years$9,680$8,010$6,589$5,390$4,389$1,619
19 years$9,075$7,424$6,032$4,871$3,912$1,348
20 years$8,531$6,899$5,535$4,411$3,495$1,123
21 years$8,039$6,426$5,092$4,003$3,127$937
22 years$7,593$5,998$4,693$3,640$2,803$782
23 years$7,186$5,610$4,333$3,315$2,516$653
24 years$6,813$5,256$4,007$3,024$2,262$546
25 years$6,471$4,933$3,711$2,761$2,035$457
26 years$6,156$4,636$3,442$2,525$1,833$382
27 years$5,864$4,363$3,196$2,311$1,653$320
28 years$5,594$4,111$2,971$2,117$1,491$268
29 years$5,343$3,878$2,765$1,942$1,347$224
30 years$5,109$3,663$2,576$1,782$1,217$188
31 years$4,891$3,463$2,401$1,637$1,100$157
32 years$4,687$3,276$2,240$1,504$995$132
33 years$4,495$3,103$2,092$1,383$901$110
34 years$4,315$2,941$1,954$1,273$815$92
35 years$4,146$2,789$1,827$1,171$738$77
36 years$3,986$2,647$1,709$1,079$669$65
37 years$3,836$2,514$1,600$994$606$54
38 years$3,694$2,390$1,498$916$550$46
39 years$3,559$2,272$1,404$845$499$38
40 years$3,432$2,162$1,316$779$452$32
41 years$3,311$2,058$1,234$719$410$27
42 years$3,196$1,960$1,157$664$372$22
43 years$3,086$1,867$1,086$612$338$19
44 years$2,982$1,780$1,019$566$307$16
45 years$2,883$1,697$957$522$278$13
46 years$2,789$1,619$899$482$253$11
47 years$2,698$1,545$845$446$230$9
48 years$2,612$1,475$794$412$208$8
49 years$2,530$1,409$746$381$189$7
50 years$2,451$1,346$701$352$172$5

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 $5,228 every year, while hoping to spend $53,426 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: 52/21/27 Blend
62$2,510,000$2,510,000$2,510,000$2,510,000
63$2,771,413$2,638,383$2,599,478$2,894,321
64$2,997,252$2,710,819$2,629,715$3,052,635
65$3,244,336$2,785,013$2,659,175$3,218,918
66$3,514,776$2,860,996$2,687,775$3,398,744
67$3,810,895$2,938,798$2,715,428$3,593,425
68$4,135,254$3,018,446$2,742,042$3,804,410
69$4,490,670$3,099,970$2,767,520$4,033,293
70$4,880,247$3,183,397$2,791,761$4,281,830
71$5,307,405$3,268,756$2,814,658$4,551,957
72$5,775,907$3,356,072$2,836,096$4,845,806
73$6,289,902$3,445,372$2,855,958$5,165,726
74$6,853,958$3,536,681$2,874,118$5,514,306
75$7,473,105$3,630,022$2,890,444$5,894,397
76$8,152,887$3,725,418$2,904,799$6,309,142
77$8,899,408$3,822,891$2,917,037$6,762,003
78$9,719,395$3,922,460$2,927,005$7,256,798
79$10,620,257$4,024,143$2,934,543$7,797,731
80$11,610,155$4,127,958$2,939,482$8,389,436
81$12,698,081$4,233,919$2,941,646$9,037,020
82$13,893,943$4,342,038$2,940,848$9,746,111
83$15,208,653$4,452,325$2,936,894$10,522,911
84$16,654,235$4,564,789$2,929,579$11,374,255
85$18,243,937$4,679,434$2,918,691$12,307,675
86$19,992,355$4,796,262$2,904,003$13,331,475
87$21,915,568$4,915,272$2,885,280$14,454,801
88$24,031,295$5,036,460$2,862,276$15,687,739
89$26,359,057$5,159,816$2,834,732$17,041,401
90$28,920,362$5,285,328$2,802,377$18,528,033
91$31,738,910$5,412,981$2,764,927$20,161,135
92$34,840,813$5,542,751$2,722,087$21,955,581
93$38,254,843$5,674,613$2,673,544$23,927,768
94$42,012,703$5,808,534$2,618,973$26,095,764
95$46,149,323$5,944,478$2,558,034$28,479,484
96$50,703,196$6,082,399$2,490,370$31,100,876
97$55,716,734$6,222,248$2,415,608$33,984,128
98$61,236,669$6,363,966$2,333,359$37,155,900
99$67,314,497$6,507,489$2,243,215$40,645,574
100$74,006,962$6,652,742$2,144,749$44,485,529