Can I retire at age 63 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$211,402$209,519$207,682$205,889$204,138$199,935
2 years$104,655$102,706$100,817$98,985$97,209$92,993
3 years$69,077$67,119$65,235$63,421$61,673$57,577
4 years$51,291$49,340$47,474$45,691$43,986$40,040
5 years$40,623$38,683$36,842$35,095$33,437$29,653
6 years$33,513$31,588$29,774$28,066$26,458$22,840
7 years$28,436$26,527$24,742$23,074$21,517$18,066
8 years$24,630$22,739$20,983$19,357$17,851$14,565
9 years$21,672$19,798$18,073$16,488$15,033$11,911
10 years$19,307$17,451$15,756$14,212$12,809$9,847
11 years$17,373$15,536$13,872$12,369$11,016$8,211
12 years$15,762$13,944$12,311$10,849$9,546$6,894
13 years$14,400$12,601$10,999$9,578$8,324$5,820
14 years$13,234$11,454$9,883$8,503$7,297$4,936
15 years$12,224$10,464$8,923$7,583$6,425$4,202
16 years$11,342$9,600$8,090$6,790$5,678$3,588
17 years$10,564$8,841$7,361$6,100$5,035$3,072
18 years$9,873$8,170$6,720$5,498$4,477$2,636
19 years$9,256$7,572$6,152$4,968$3,990$2,267
20 years$8,701$7,036$5,646$4,499$3,564$1,952
21 years$8,199$6,554$5,193$4,083$3,190$1,683
22 years$7,744$6,118$4,786$3,713$2,859$1,453
23 years$7,329$5,722$4,419$3,381$2,566$1,255
24 years$6,949$5,361$4,087$3,084$2,307$1,086
25 years$6,600$5,031$3,785$2,816$2,076$940
26 years$6,278$4,728$3,511$2,575$1,870$814
27 years$5,981$4,450$3,260$2,357$1,686$705
28 years$5,706$4,193$3,031$2,160$1,521$611
29 years$5,450$3,956$2,820$1,980$1,373$530
30 years$5,211$3,736$2,627$1,817$1,241$460
31 years$4,988$3,532$2,449$1,669$1,122$399
32 years$4,780$3,342$2,285$1,534$1,015$346
33 years$4,585$3,164$2,134$1,411$918$301
34 years$4,401$2,999$1,993$1,298$832$261
35 years$4,229$2,845$1,864$1,195$753$227
36 years$4,066$2,700$1,743$1,100$682$197
37 years$3,912$2,564$1,632$1,014$619$171
38 years$3,767$2,437$1,528$935$561$149
39 years$3,630$2,317$1,432$862$509$129
40 years$3,500$2,205$1,342$795$461$112
41 years$3,376$2,099$1,258$733$418$98
42 years$3,259$1,999$1,180$677$380$85
43 years$3,148$1,905$1,108$625$345$74
44 years$3,042$1,815$1,040$577$313$64
45 years$2,941$1,731$976$533$284$56
46 years$2,844$1,651$917$492$258$48
47 years$2,752$1,576$861$455$234$42
48 years$2,664$1,504$809$420$213$37
49 years$2,580$1,437$761$388$193$32
50 years$2,499$1,372$715$359$175$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,560,000, adding $5,382 every year, while hoping to spend $35,015 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: 47/27/26 Blend
62$2,560,000$2,560,000$2,560,000$2,560,000
63$2,826,672$2,690,992$2,651,312$2,938,262
64$3,077,736$2,785,594$2,702,875$3,111,940
65$3,353,236$2,883,659$2,754,992$3,296,493
66$3,655,627$2,985,319$2,807,644$3,496,139
67$3,987,612$3,090,711$2,860,812$3,712,312
68$4,352,172$3,199,980$2,914,473$3,946,589
69$4,752,589$3,313,274$2,968,603$4,200,708
70$5,192,477$3,430,749$3,023,175$4,476,576
71$5,675,821$3,552,566$3,078,163$4,776,296
72$6,207,008$3,678,895$3,133,534$5,102,180
73$6,790,871$3,809,910$3,189,257$5,456,772
74$7,432,738$3,945,793$3,245,294$5,842,872
75$8,138,474$4,086,734$3,301,609$6,263,564
76$8,914,545$4,232,931$3,358,159$6,722,241
77$9,768,073$4,384,588$3,414,902$7,222,637
78$10,706,904$4,541,920$3,471,788$7,768,865
79$11,739,684$4,705,150$3,528,769$8,365,453
80$12,875,939$4,874,510$3,585,790$9,017,385
81$14,126,164$5,050,241$3,642,794$9,730,151
82$15,501,924$5,232,594$3,699,719$10,509,795
83$17,015,961$5,421,831$3,756,500$11,362,974
84$18,682,314$5,618,226$3,813,067$12,297,018
85$20,516,453$5,822,062$3,869,348$13,320,000
86$22,535,423$6,033,634$3,925,263$14,440,811
87$24,758,006$6,253,253$3,980,729$15,669,245
88$27,204,898$6,481,237$4,035,658$17,016,088
89$29,898,902$6,717,922$4,089,958$18,493,220
90$32,865,146$6,963,657$4,143,528$20,113,729
91$36,131,319$7,218,804$4,196,264$21,892,030
92$39,727,930$7,483,742$4,248,056$23,844,004
93$43,688,599$7,758,866$4,298,785$25,987,143
94$48,050,372$8,044,585$4,348,330$28,340,718
95$52,854,069$8,341,330$4,396,559$30,925,960
96$58,144,675$8,649,545$4,443,334$33,766,255
97$63,971,756$8,969,697$4,488,510$36,887,371
98$70,389,933$9,302,271$4,531,933$40,317,693
99$77,459,396$9,647,772$4,573,443$44,088,496
100$85,246,470$10,006,728$4,612,868$48,234,237