Can I retire at age 63 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$209,751$207,882$206,060$204,280$202,543$196,769
2 years$103,837$101,903$100,029$98,212$96,449$90,677
3 years$68,537$66,595$64,725$62,925$61,191$55,602
4 years$50,891$48,954$47,103$45,334$43,642$38,278
5 years$40,305$38,381$36,554$34,821$33,176$28,052
6 years$33,251$31,341$29,541$27,847$26,251$21,372
7 years$28,214$26,320$24,549$22,894$21,349$16,715
8 years$24,438$22,561$20,819$19,205$17,711$13,319
9 years$21,503$19,643$17,932$16,359$14,915$10,761
10 years$19,156$17,315$15,633$14,101$12,709$8,787
11 years$17,237$15,414$13,763$12,272$10,930$7,234
12 years$15,639$13,835$12,215$10,765$9,472$5,995
13 years$14,288$12,503$10,913$9,503$8,259$4,994
14 years$13,131$11,365$9,805$8,436$7,240$4,177
15 years$12,129$10,382$8,853$7,524$6,375$3,507
16 years$11,253$9,525$8,026$6,737$5,634$2,952
17 years$10,481$8,772$7,304$6,053$4,996$2,491
18 years$9,796$8,106$6,667$5,455$4,442$2,107
19 years$9,183$7,513$6,104$4,929$3,959$1,784
20 years$8,633$6,981$5,602$4,464$3,536$1,513
21 years$8,135$6,503$5,152$4,051$3,165$1,285
22 years$7,683$6,070$4,749$3,684$2,837$1,092
23 years$7,272$5,677$4,385$3,355$2,546$929
24 years$6,895$5,319$4,055$3,060$2,289$791
25 years$6,549$4,992$3,756$2,794$2,059$674
26 years$6,229$4,691$3,483$2,555$1,855$574
27 years$5,934$4,415$3,235$2,339$1,673$489
28 years$5,661$4,160$3,007$2,143$1,509$417
29 years$5,407$3,925$2,798$1,965$1,363$356
30 years$5,170$3,707$2,606$1,803$1,231$304
31 years$4,949$3,504$2,430$1,656$1,113$259
32 years$4,743$3,315$2,267$1,522$1,007$221
33 years$4,549$3,140$2,117$1,400$911$189
34 years$4,367$2,976$1,978$1,288$825$162
35 years$4,195$2,822$1,849$1,185$747$138
36 years$4,034$2,679$1,730$1,092$677$118
37 years$3,882$2,544$1,619$1,006$614$101
38 years$3,738$2,418$1,516$927$556$86
39 years$3,602$2,299$1,421$855$505$73
40 years$3,473$2,188$1,331$789$458$63
41 years$3,350$2,082$1,248$728$415$54
42 years$3,234$1,983$1,171$671$377$46
43 years$3,123$1,890$1,099$620$342$39
44 years$3,018$1,801$1,032$572$310$33
45 years$2,918$1,718$969$529$282$29
46 years$2,822$1,639$910$488$256$24
47 years$2,731$1,564$855$451$232$21
48 years$2,643$1,493$803$417$211$18
49 years$2,560$1,425$755$385$192$15
50 years$2,480$1,362$710$356$174$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,540,000, adding $5,272 every year, while hoping to spend $57,113 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: 44/39/17 Blend
62$2,540,000$2,540,000$2,540,000$2,540,000
63$2,804,518$2,669,898$2,630,528$2,913,928
64$3,029,811$2,739,955$2,657,883$3,061,249
65$3,276,170$2,811,531$2,684,240$3,214,750
66$3,545,683$2,884,640$2,709,506$3,379,918
67$3,840,649$2,959,294$2,733,581$3,557,855
68$4,163,602$3,035,505$2,756,362$3,749,776
69$4,517,328$3,113,284$2,777,739$3,957,017
70$4,904,899$3,192,639$2,797,597$4,181,052
71$5,329,697$3,273,576$2,815,815$4,423,502
72$5,795,446$3,356,101$2,832,264$4,686,152
73$6,306,248$3,440,217$2,846,812$4,970,969
74$6,866,621$3,525,923$2,859,316$5,280,120
75$7,481,542$3,613,219$2,869,629$5,615,990
76$8,156,493$3,702,100$2,877,595$5,981,209
77$8,897,511$3,792,559$2,883,050$6,378,674
78$9,711,249$3,884,586$2,885,824$6,811,575
79$10,605,033$3,978,167$2,885,735$7,283,428
80$11,586,934$4,073,286$2,882,596$7,798,108
81$12,665,846$4,169,921$2,876,207$8,359,881
82$13,851,563$4,268,049$2,866,361$8,973,453
83$15,154,879$4,367,639$2,852,840$9,644,006
84$16,587,682$4,468,659$2,835,416$10,377,250
85$18,163,071$4,571,069$2,813,848$11,179,481
86$19,895,479$4,674,826$2,787,886$12,057,633
87$21,800,805$4,779,880$2,757,268$13,019,351
88$23,896,568$4,886,175$2,721,718$14,073,057
89$26,202,070$4,993,649$2,680,947$15,228,035
90$28,738,576$5,102,233$2,634,654$16,494,515
91$31,529,519$5,211,850$2,582,522$17,883,772
92$34,600,715$5,322,416$2,524,222$19,408,233
93$37,980,612$5,433,839$2,459,408$21,081,592
94$41,700,553$5,546,015$2,387,716$22,918,941
95$45,795,074$5,658,835$2,308,770$24,936,916
96$50,302,230$5,772,176$2,222,172$27,153,849
97$55,263,952$5,885,907$2,127,509$29,589,945
98$60,726,443$5,999,884$2,024,348$32,267,473
99$66,740,613$6,113,952$1,912,237$35,210,976
100$73,362,560$6,227,940$1,790,702$38,447,502