Can I retire at age 63 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$208,925$207,064$205,248$203,476$201,746$198,322
2 years$103,428$101,502$99,635$97,825$96,069$92,631
3 years$68,267$66,333$64,471$62,677$60,950$57,603
4 years$50,690$48,762$46,918$45,156$43,470$40,241
5 years$40,147$38,230$36,410$34,684$33,045$29,943
6 years$33,120$31,217$29,425$27,737$26,148$23,176
7 years$28,103$26,216$24,452$22,804$21,265$18,425
8 years$24,342$22,472$20,737$19,130$17,641$14,932
9 years$21,418$19,566$17,861$16,294$14,857$12,277
10 years$19,080$17,247$15,572$14,046$12,659$10,206
11 years$17,169$15,354$13,709$12,224$10,887$8,559
12 years$15,577$13,781$12,167$10,722$9,434$7,228
13 years$14,232$12,454$10,870$9,466$8,227$6,139
14 years$13,079$11,320$9,767$8,403$7,212$5,238
15 years$12,081$10,341$8,818$7,494$6,350$4,487
16 years$11,209$9,488$7,995$6,710$5,612$3,856
17 years$10,440$8,738$7,275$6,029$4,976$3,323
18 years$9,757$8,074$6,641$5,433$4,424$2,870
19 years$9,147$7,483$6,080$4,909$3,943$2,484
20 years$8,599$6,954$5,580$4,446$3,522$2,153
21 years$8,103$6,477$5,132$4,035$3,152$1,869
22 years$7,653$6,046$4,730$3,669$2,825$1,625
23 years$7,243$5,655$4,367$3,342$2,536$1,414
24 years$6,868$5,298$4,039$3,048$2,280$1,232
25 years$6,523$4,972$3,741$2,783$2,051$1,074
26 years$6,205$4,673$3,470$2,545$1,848$936
27 years$5,911$4,398$3,222$2,329$1,666$817
28 years$5,639$4,144$2,995$2,134$1,503$714
29 years$5,386$3,909$2,787$1,957$1,357$624
30 years$5,150$3,692$2,596$1,796$1,226$545
31 years$4,930$3,490$2,420$1,650$1,109$477
32 years$4,724$3,302$2,258$1,516$1,003$417
33 years$4,531$3,127$2,109$1,394$908$365
34 years$4,350$2,964$1,970$1,283$822$319
35 years$4,179$2,811$1,842$1,181$744$279
36 years$4,018$2,668$1,723$1,088$674$244
37 years$3,867$2,534$1,613$1,002$611$214
38 years$3,723$2,409$1,510$924$554$187
39 years$3,587$2,290$1,415$852$503$164
40 years$3,459$2,179$1,326$785$456$144
41 years$3,337$2,074$1,244$725$414$126
42 years$3,221$1,975$1,167$669$375$110
43 years$3,111$1,882$1,095$617$341$97
44 years$3,006$1,794$1,027$570$309$85
45 years$2,906$1,711$965$526$281$74
46 years$2,811$1,632$906$486$255$65
47 years$2,720$1,558$851$449$231$57
48 years$2,633$1,487$800$415$210$50
49 years$2,550$1,420$752$384$191$44
50 years$2,470$1,356$707$355$173$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,530,000, adding $2,940 every year, while hoping to spend $35,136 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: 73/12/15 Blend
62$2,530,000$2,530,000$2,530,000$2,530,000
63$2,791,093$2,657,003$2,617,788$2,985,349
64$3,038,400$2,749,811$2,668,099$3,207,231
65$3,309,754$2,845,990$2,718,918$3,445,610
66$3,607,573$2,945,667$2,770,225$3,705,798
67$3,934,515$3,048,975$2,821,998$3,989,948
68$4,293,514$3,156,052$2,874,213$4,300,432
69$4,687,797$3,267,044$2,926,844$4,639,861
70$5,120,922$3,382,098$2,979,863$5,011,112
71$5,596,807$3,501,372$3,033,239$5,417,353
72$6,119,769$3,625,027$3,086,941$5,862,071
73$6,694,564$3,753,233$3,140,932$6,349,108
74$7,326,432$3,886,163$3,195,175$6,882,695
75$8,021,144$4,024,001$3,249,630$7,467,493
76$8,785,060$4,166,937$3,304,252$8,108,635
77$9,625,187$4,315,168$3,358,996$8,811,776
78$10,549,245$4,468,900$3,413,811$9,583,144
79$11,565,739$4,628,347$3,468,644$10,429,599
80$12,684,041$4,793,732$3,523,440$11,358,701
81$13,914,474$4,965,286$3,578,136$12,378,776
82$15,268,417$5,143,251$3,632,670$13,498,995
83$16,758,404$5,327,879$3,686,973$14,729,465
84$18,398,246$5,519,431$3,740,972$16,081,318
85$20,203,163$5,718,179$3,794,590$17,566,818
86$22,189,923$5,924,406$3,847,746$19,199,481
87$24,377,002$6,138,410$3,900,353$20,994,191
88$26,784,761$6,360,496$3,952,319$22,967,354
89$29,435,632$6,590,985$4,003,547$25,137,041
90$32,354,334$6,830,212$4,053,934$27,523,163
91$35,568,107$7,078,522$4,103,371$30,147,662
92$39,106,964$7,336,280$4,151,744$33,034,708
93$43,003,977$7,603,861$4,198,931$36,210,938
94$47,295,592$7,881,659$4,244,804$39,705,698
95$52,021,965$8,170,084$4,289,228$43,551,325
96$57,227,349$8,469,561$4,332,060$47,783,449
97$62,960,504$8,780,535$4,373,150$52,441,329
98$69,275,165$9,103,470$4,412,339$57,568,227
99$76,230,540$9,438,849$4,449,461$63,211,809
100$83,891,877$9,787,174$4,484,340$69,424,600