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

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$210,577$208,701$206,871$205,085$203,341$199,808
2 years$104,246$102,304$100,423$98,598$96,829$93,281
3 years$68,807$66,857$64,980$63,173$61,432$57,980
4 years$51,091$49,147$47,289$45,513$43,814$40,484
5 years$40,464$38,532$36,698$34,958$33,307$30,108
6 years$33,382$31,464$29,658$27,956$26,354$23,291
7 years$28,325$26,424$24,646$22,984$21,433$18,506
8 years$24,534$22,650$20,901$19,281$17,781$14,989
9 years$21,587$19,721$18,002$16,423$14,974$12,316
10 years$19,231$17,383$15,695$14,157$12,759$10,233
11 years$17,305$15,475$13,818$12,321$10,973$8,576
12 years$15,701$13,889$12,263$10,807$9,509$7,237
13 years$14,344$12,552$10,956$9,541$8,292$6,143
14 years$13,183$11,409$9,844$8,469$7,269$5,238
15 years$12,177$10,423$8,888$7,553$6,400$4,484
16 years$11,297$9,563$8,058$6,763$5,656$3,850
17 years$10,522$8,807$7,332$6,077$5,015$3,316
18 years$9,834$8,138$6,694$5,476$4,459$2,862
19 years$9,219$7,542$6,128$4,948$3,975$2,475
20 years$8,667$7,009$5,624$4,482$3,550$2,144
21 years$8,167$6,528$5,173$4,067$3,177$1,860
22 years$7,714$6,094$4,767$3,698$2,848$1,615
23 years$7,300$5,699$4,402$3,368$2,556$1,405
24 years$6,922$5,340$4,071$3,072$2,298$1,222
25 years$6,574$5,011$3,771$2,805$2,068$1,065
26 years$6,254$4,710$3,497$2,565$1,862$928
27 years$5,958$4,433$3,247$2,348$1,679$809
28 years$5,683$4,177$3,019$2,151$1,515$706
29 years$5,428$3,940$2,809$1,973$1,368$616
30 years$5,191$3,721$2,617$1,810$1,236$538
31 years$4,969$3,518$2,439$1,663$1,118$470
32 years$4,761$3,328$2,276$1,528$1,011$411
33 years$4,567$3,152$2,125$1,405$915$359
34 years$4,384$2,988$1,986$1,293$828$314
35 years$4,212$2,834$1,856$1,190$750$275
36 years$4,050$2,690$1,737$1,096$680$240
37 years$3,897$2,554$1,625$1,010$616$210
38 years$3,753$2,428$1,522$931$559$184
39 years$3,616$2,308$1,426$858$507$161
40 years$3,486$2,196$1,337$792$459$141
41 years$3,363$2,091$1,253$730$417$123
42 years$3,247$1,991$1,176$674$378$108
43 years$3,135$1,897$1,103$622$343$94
44 years$3,030$1,808$1,036$575$312$83
45 years$2,929$1,724$972$531$283$72
46 years$2,833$1,645$913$490$257$63
47 years$2,741$1,570$858$453$233$55
48 years$2,654$1,499$806$418$212$48
49 years$2,570$1,431$758$387$192$42
50 years$2,490$1,367$713$357$175$37

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 $3,521 every year, while hoping to spend $36,511 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: 76/14/10 Blend
62$2,550,000$2,550,000$2,550,000$2,550,000
63$2,813,732$2,678,582$2,639,057$3,022,361
64$3,061,885$2,770,985$2,688,618$3,252,614
65$3,334,126$2,866,692$2,738,615$3,499,951
66$3,632,874$2,965,827$2,789,026$3,770,038
67$3,960,792$3,068,517$2,839,823$4,065,121
68$4,320,814$3,174,896$2,890,978$4,387,674
69$4,716,173$3,285,102$2,942,463$4,740,423
70$5,150,430$3,399,279$2,994,242$5,126,367
71$5,627,508$3,517,577$3,046,283$5,548,809
72$6,151,726$3,640,152$3,098,546$6,011,389
73$6,727,847$3,767,164$3,150,992$6,518,113
74$7,361,115$3,898,782$3,203,578$7,073,393
75$8,057,307$4,035,181$3,256,256$7,682,090
76$8,822,789$4,176,542$3,308,978$8,349,557
77$9,664,575$4,323,054$3,361,690$9,081,690
78$10,590,392$4,474,914$3,414,337$9,884,984
79$11,608,754$4,632,326$3,466,859$10,766,593
80$12,729,039$4,795,503$3,519,191$11,734,399
81$13,961,584$4,964,665$3,571,267$12,797,081
82$15,317,775$5,140,043$3,623,014$13,964,205
83$16,810,160$5,321,877$3,674,356$15,246,304
84$18,452,561$5,510,414$3,725,212$16,654,986
85$20,260,212$5,705,914$3,775,496$18,203,037
86$22,249,896$5,908,646$3,825,118$19,904,545
87$24,440,107$6,118,891$3,873,981$21,775,030
88$26,851,223$6,336,941$3,921,984$23,831,590
89$29,505,696$6,563,100$3,969,019$26,093,065
90$32,428,268$6,797,683$4,014,972$28,580,212
91$35,646,202$7,041,020$4,059,725$31,315,898
92$39,189,538$7,293,454$4,103,149$34,325,321
93$43,091,378$7,555,341$4,145,112$37,636,244
94$47,388,198$7,827,052$4,185,472$41,279,255
95$52,120,191$8,108,974$4,224,082$45,288,059
96$57,331,647$8,401,509$4,260,785$49,699,793
97$63,071,370$8,705,078$4,295,416$54,555,376
98$69,393,139$9,020,116$4,327,802$59,899,897
99$76,356,216$9,347,079$4,357,760$65,783,035
100$84,025,903$9,686,439$4,385,099$72,259,534