Can I retire at age 63 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$210,577$208,701$206,871$205,085$203,341$199,725
2 years$104,246$102,304$100,423$98,598$96,829$93,199
3 years$68,807$66,857$64,980$63,173$61,432$57,901
4 years$51,091$49,147$47,289$45,513$43,814$40,408
5 years$40,464$38,532$36,698$34,958$33,307$30,036
6 years$33,382$31,464$29,658$27,956$26,354$23,223
7 years$28,325$26,424$24,646$22,984$21,433$18,441
8 years$24,534$22,650$20,901$19,281$17,781$14,928
9 years$21,587$19,721$18,002$16,423$14,974$12,259
10 years$19,231$17,383$15,695$14,157$12,759$10,179
11 years$17,305$15,475$13,818$12,321$10,973$8,525
12 years$15,701$13,889$12,263$10,807$9,509$7,190
13 years$14,344$12,552$10,956$9,541$8,292$6,098
14 years$13,183$11,409$9,844$8,469$7,269$5,197
15 years$12,177$10,423$8,888$7,553$6,400$4,445
16 years$11,297$9,563$8,058$6,763$5,656$3,815
17 years$10,522$8,807$7,332$6,077$5,015$3,283
18 years$9,834$8,138$6,694$5,476$4,459$2,831
19 years$9,219$7,542$6,128$4,948$3,975$2,447
20 years$8,667$7,009$5,624$4,482$3,550$2,118
21 years$8,167$6,528$5,173$4,067$3,177$1,836
22 years$7,714$6,094$4,767$3,698$2,848$1,593
23 years$7,300$5,699$4,402$3,368$2,556$1,384
24 years$6,922$5,340$4,071$3,072$2,298$1,204
25 years$6,574$5,011$3,771$2,805$2,068$1,048
26 years$6,254$4,710$3,497$2,565$1,862$912
27 years$5,958$4,433$3,247$2,348$1,679$795
28 years$5,683$4,177$3,019$2,151$1,515$693
29 years$5,428$3,940$2,809$1,973$1,368$605
30 years$5,191$3,721$2,617$1,810$1,236$528
31 years$4,969$3,518$2,439$1,663$1,118$461
32 years$4,761$3,328$2,276$1,528$1,011$402
33 years$4,567$3,152$2,125$1,405$915$351
34 years$4,384$2,988$1,986$1,293$828$307
35 years$4,212$2,834$1,856$1,190$750$268
36 years$4,050$2,690$1,737$1,096$680$234
37 years$3,897$2,554$1,625$1,010$616$205
38 years$3,753$2,428$1,522$931$559$179
39 years$3,616$2,308$1,426$858$507$156
40 years$3,486$2,196$1,337$792$459$137
41 years$3,363$2,091$1,253$730$417$120
42 years$3,247$1,991$1,176$674$378$105
43 years$3,135$1,897$1,103$622$343$91
44 years$3,030$1,808$1,036$575$312$80
45 years$2,929$1,724$972$531$283$70
46 years$2,833$1,645$913$490$257$61
47 years$2,741$1,570$858$453$233$54
48 years$2,654$1,499$806$418$212$47
49 years$2,570$1,431$758$387$192$41
50 years$2,490$1,367$713$357$175$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,550,000, adding $6,480 every year, while hoping to spend $47,111 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: 72/9/19 Blend
62$2,550,000$2,550,000$2,550,000$2,550,000
63$2,816,784$2,681,634$2,642,109$3,006,377
64$3,053,970$2,762,908$2,680,494$3,214,565
65$3,313,771$2,846,586$2,718,586$3,436,214
66$3,598,442$2,932,736$2,756,325$3,677,765
67$3,910,470$3,021,426$2,793,649$3,941,184
68$4,252,591$3,112,730$2,830,490$4,228,637
69$4,627,822$3,206,720$2,866,777$4,542,509
70$5,039,482$3,303,471$2,902,436$4,885,429
71$5,491,229$3,403,062$2,937,389$5,260,289
72$5,987,093$3,505,571$2,971,550$5,670,279
73$6,531,512$3,611,079$3,004,832$6,118,909
74$7,129,374$3,719,669$3,037,141$6,610,049
75$7,786,065$3,831,428$3,068,380$7,147,960
76$8,507,517$3,946,441$3,098,445$7,737,338
77$9,300,266$4,064,800$3,127,225$8,383,356
78$10,171,513$4,186,595$3,154,607$9,091,713
79$11,129,190$4,311,920$3,180,469$9,868,687
80$12,182,035$4,440,872$3,204,682$10,721,198
81$13,339,677$4,573,549$3,227,114$11,656,867
82$14,612,724$4,710,053$3,247,622$12,684,092
83$16,012,862$4,850,485$3,266,057$13,812,128
84$17,552,967$4,994,953$3,282,263$15,051,171
85$19,247,228$5,143,563$3,296,077$16,412,455
86$21,111,274$5,296,427$3,307,325$17,908,360
87$23,162,329$5,453,657$3,315,825$19,552,525
88$25,419,370$5,615,369$3,321,389$21,359,983
89$27,903,305$5,781,682$3,323,814$23,347,294
90$30,637,173$5,952,715$3,322,893$25,532,709
91$33,646,359$6,128,592$3,318,404$27,936,338
92$36,958,834$6,309,440$3,310,117$30,580,342
93$40,605,418$6,495,386$3,297,789$33,489,140
94$44,620,073$6,686,562$3,281,168$36,689,639
95$49,040,220$6,883,102$3,259,985$40,211,493
96$53,907,091$7,085,143$3,233,964$44,087,376
97$59,266,124$7,292,824$3,202,811$48,353,296
98$65,167,383$7,506,288$3,166,220$53,048,930
99$71,666,039$7,725,679$3,123,872$58,218,002
100$78,822,883$7,951,145$3,075,429$63,908,695