Can I retire at age 63 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$213,880$211,975$210,116$208,302$206,530$199,282
2 years$105,881$103,909$101,998$100,145$98,348$91,121
3 years$69,886$67,906$65,999$64,164$62,396$55,418
4 years$51,892$49,918$48,031$46,226$44,501$37,826
5 years$41,099$39,136$37,274$35,506$33,829$27,473
6 years$33,905$31,958$30,123$28,395$26,768$20,737
7 years$28,769$26,838$25,032$23,345$21,769$16,062
8 years$24,919$23,005$21,229$19,583$18,060$12,671
9 years$21,926$20,030$18,285$16,681$15,209$10,132
10 years$19,533$17,656$15,941$14,379$12,959$8,185
11 years$17,576$15,718$14,034$12,514$11,145$6,665
12 years$15,947$14,107$12,455$10,976$9,658$5,461
13 years$14,569$12,749$11,128$9,691$8,422$4,497
14 years$13,389$11,588$9,998$8,602$7,383$3,718
15 years$12,368$10,586$9,027$7,672$6,500$3,084
16 years$11,475$9,713$8,184$6,869$5,745$2,564
17 years$10,688$8,945$7,448$6,172$5,094$2,137
18 years$9,989$8,266$6,799$5,562$4,529$1,784
19 years$9,364$7,660$6,224$5,026$4,037$1,492
20 years$8,803$7,118$5,712$4,552$3,606$1,249
21 years$8,295$6,631$5,254$4,131$3,227$1,047
22 years$7,835$6,189$4,842$3,756$2,892$878
23 years$7,415$5,789$4,471$3,421$2,596$737
24 years$7,030$5,424$4,135$3,120$2,334$619
25 years$6,677$5,090$3,830$2,849$2,100$520
26 years$6,352$4,784$3,552$2,605$1,892$437
27 years$6,051$4,502$3,298$2,385$1,705$368
28 years$5,773$4,242$3,066$2,185$1,539$309
29 years$5,513$4,002$2,853$2,004$1,390$260
30 years$5,272$3,780$2,658$1,839$1,256$219
31 years$5,047$3,573$2,478$1,689$1,135$184
32 years$4,836$3,381$2,312$1,552$1,027$155
33 years$4,638$3,202$2,159$1,427$929$131
34 years$4,453$3,034$2,017$1,313$841$110
35 years$4,278$2,878$1,886$1,209$762$93
36 years$4,114$2,732$1,764$1,113$690$78
37 years$3,958$2,594$1,651$1,026$626$66
38 years$3,811$2,466$1,546$945$567$55
39 years$3,673$2,345$1,448$872$514$47
40 years$3,541$2,231$1,358$804$467$39
41 years$3,416$2,123$1,273$742$423$33
42 years$3,297$2,022$1,194$685$384$28
43 years$3,185$1,927$1,121$632$349$23
44 years$3,077$1,837$1,052$584$316$20
45 years$2,975$1,751$988$539$287$17
46 years$2,877$1,671$928$498$261$14
47 years$2,784$1,594$871$460$237$12
48 years$2,695$1,522$819$425$215$10
49 years$2,610$1,454$770$393$195$8
50 years$2,529$1,388$724$363$177$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,590,000, adding $4,596 every year, while hoping to spend $40,424 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: 85/5/10 Blend
62$2,590,000$2,590,000$2,590,000$2,590,000
63$2,858,921$2,721,651$2,681,506$3,097,397
64$3,107,520$2,812,001$2,728,325$3,344,254
65$3,380,121$2,905,423$2,775,359$3,609,486
66$3,679,130$3,002,026$2,822,570$3,899,643
67$4,007,197$3,101,920$2,869,921$4,217,210
68$4,367,239$3,205,223$2,917,372$4,564,921
69$4,762,472$3,312,053$2,964,879$4,945,791
70$5,196,437$3,422,536$3,012,394$5,363,138
71$5,673,034$3,536,801$3,059,870$5,820,617
72$6,196,561$3,654,981$3,107,253$6,322,256
73$6,771,751$3,777,216$3,154,487$6,872,490
74$7,403,819$3,903,650$3,201,512$7,476,205
75$8,098,511$4,034,431$3,248,265$8,138,785
76$8,862,155$4,169,714$3,294,678$8,866,160
77$9,701,726$4,309,661$3,340,681$9,664,862
78$10,624,905$4,454,438$3,386,197$10,542,089
79$11,640,157$4,604,217$3,431,146$11,505,771
80$12,756,808$4,759,178$3,475,444$12,564,643
81$13,985,131$4,919,507$3,519,000$13,728,330
82$15,336,448$5,085,396$3,561,720$15,007,437
83$16,823,232$5,257,046$3,603,504$16,413,647
84$18,459,225$5,434,665$3,644,244$17,959,835
85$20,259,570$5,618,468$3,683,831$19,660,183
86$22,240,952$5,808,678$3,722,145$21,530,320
87$24,421,754$6,005,529$3,759,062$23,587,465
88$26,822,233$6,209,260$3,794,451$25,850,593
89$29,464,709$6,420,122$3,828,173$28,340,609
90$32,373,776$6,638,374$3,860,083$31,080,549
91$35,576,533$6,864,287$3,890,028$34,095,796
92$39,102,841$7,098,138$3,917,846$37,414,319
93$42,985,604$7,340,220$3,943,366$41,066,937
94$47,261,079$7,590,834$3,966,412$45,087,608
95$51,969,216$7,850,292$3,986,794$49,513,753
96$57,154,040$8,118,920$4,004,316$54,386,606
97$62,864,061$8,397,056$4,018,769$59,751,603
98$69,152,733$8,685,050$4,029,936$65,658,810
99$76,078,962$8,983,267$4,037,588$72,163,401
100$83,707,654$9,292,085$4,041,486$79,326,168