Can I retire at age 63 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$212,228$210,338$208,493$206,693$204,935$203,986
2 years$105,063$103,107$101,210$99,372$97,588$96,630
3 years$69,347$67,381$65,490$63,668$61,914$60,977
4 years$51,492$49,532$47,660$45,870$44,158$43,248
5 years$40,781$38,834$36,986$35,232$33,568$32,689
6 years$33,644$31,711$29,890$28,175$26,561$25,714
7 years$28,547$26,631$24,839$23,165$21,601$20,786
8 years$24,727$22,828$21,065$19,432$17,920$17,138
9 years$21,757$19,875$18,144$16,552$15,092$14,341
10 years$19,382$17,519$15,818$14,268$12,859$12,140
11 years$17,440$15,596$13,926$12,417$11,059$10,372
12 years$15,824$13,998$12,359$10,892$9,583$8,927
13 years$14,457$12,650$11,042$9,616$8,357$7,730
14 years$13,286$11,499$9,921$8,536$7,326$6,729
15 years$12,272$10,505$8,957$7,612$6,450$5,882
16 years$11,386$9,638$8,121$6,816$5,701$5,160
17 years$10,605$8,876$7,390$6,124$5,055$4,541
18 years$9,912$8,202$6,746$5,519$4,494$4,007
19 years$9,292$7,601$6,176$4,987$4,006$3,544
20 years$8,735$7,064$5,668$4,517$3,578$3,141
21 years$8,231$6,579$5,213$4,099$3,202$2,788
22 years$7,774$6,142$4,805$3,727$2,870$2,479
23 years$7,358$5,744$4,436$3,394$2,576$2,208
24 years$6,976$5,382$4,103$3,096$2,316$1,968
25 years$6,626$5,051$3,800$2,827$2,084$1,756
26 years$6,303$4,747$3,524$2,585$1,877$1,568
27 years$6,005$4,467$3,273$2,366$1,692$1,402
28 years$5,728$4,209$3,042$2,168$1,527$1,254
29 years$5,471$3,971$2,831$1,988$1,379$1,123
30 years$5,231$3,750$2,637$1,825$1,246$1,005
31 years$5,008$3,545$2,459$1,676$1,126$901
32 years$4,799$3,355$2,294$1,540$1,019$808
33 years$4,602$3,177$2,142$1,416$922$724
34 years$4,418$3,011$2,001$1,303$835$650
35 years$4,245$2,856$1,871$1,199$756$583
36 years$4,082$2,711$1,750$1,105$685$524
37 years$3,928$2,574$1,638$1,018$621$470
38 years$3,782$2,447$1,534$938$563$422
39 years$3,644$2,327$1,437$865$510$380
40 years$3,514$2,213$1,347$798$463$341
41 years$3,390$2,107$1,263$736$420$307
42 years$3,272$2,007$1,185$679$381$276
43 years$3,160$1,912$1,112$627$346$248
44 years$3,054$1,822$1,044$579$314$223
45 years$2,952$1,738$980$535$285$200
46 years$2,855$1,658$920$494$259$180
47 years$2,763$1,582$865$456$235$162
48 years$2,674$1,510$813$422$213$146
49 years$2,590$1,442$764$390$194$131
50 years$2,509$1,378$718$360$176$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,570,000, adding $3,067 every year, while hoping to spend $58,487 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: 67/19/14 Blend
62$2,570,000$2,570,000$2,570,000$2,570,000
63$2,835,304$2,699,094$2,659,259$3,015,882
64$3,062,275$2,769,119$2,686,114$3,206,691
65$3,310,437$2,840,616$2,711,909$3,408,063
66$3,581,890$2,913,595$2,736,546$3,626,764
67$3,878,945$2,988,063$2,759,923$3,864,488
68$4,204,148$3,064,029$2,781,931$4,123,101
69$4,560,303$3,141,499$2,802,458$4,404,657
70$4,950,497$3,220,475$2,821,383$4,711,420
71$5,378,129$3,300,960$2,838,581$5,045,883
72$5,846,944$3,382,953$2,853,919$5,410,790
73$6,361,067$3,466,452$2,867,260$5,809,166
74$6,925,038$3,551,450$2,878,455$6,244,343
75$7,543,861$3,637,941$2,887,353$6,719,991
76$8,223,048$3,725,912$2,893,792$7,240,154
77$8,968,667$3,815,350$2,897,602$7,809,285
78$9,787,405$3,906,237$2,898,606$8,432,294
79$10,686,629$3,998,551$2,896,618$9,114,588
80$11,674,452$4,092,267$2,891,442$9,862,124
81$12,759,814$4,187,356$2,882,873$10,681,467
82$13,952,561$4,283,782$2,870,695$11,579,850
83$15,263,543$4,381,508$2,854,684$12,565,244
84$16,704,712$4,480,489$2,834,603$13,646,429
85$18,289,234$4,580,675$2,810,204$14,833,084
86$20,031,618$4,682,010$2,781,228$16,135,870
87$21,947,847$4,784,433$2,747,403$17,566,537
88$24,055,531$4,887,874$2,708,445$19,138,034
89$26,374,073$4,992,257$2,664,055$20,864,627
90$28,924,849$5,097,498$2,613,921$22,762,040
91$31,731,414$5,203,506$2,557,718$24,847,597
92$34,819,720$5,310,179$2,495,103$27,140,391
93$38,218,361$5,417,408$2,425,720$29,661,461
94$41,958,846$5,525,073$2,349,193$32,433,993
95$46,075,889$5,633,043$2,265,132$35,483,538
96$50,607,745$5,741,177$2,173,129$38,838,250
97$55,596,561$5,849,320$2,072,755$42,529,159
98$61,088,781$5,957,308$1,963,563$46,590,458
99$67,135,581$6,064,960$1,845,087$51,059,829
100$73,793,350$6,172,084$1,716,837$55,978,799