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%11.3%
1 years$213,880$211,975$210,116$208,302$206,530$205,401
2 years$105,881$103,909$101,998$100,145$98,348$97,208
3 years$69,886$67,906$65,999$64,164$62,396$61,281
4 years$51,892$49,918$48,031$46,226$44,501$43,420
5 years$41,099$39,136$37,274$35,506$33,829$32,785
6 years$33,905$31,958$30,123$28,395$26,768$25,762
7 years$28,769$26,838$25,032$23,345$21,769$20,802
8 years$24,919$23,005$21,229$19,583$18,060$17,131
9 years$21,926$20,030$18,285$16,681$15,209$14,319
10 years$19,533$17,656$15,941$14,379$12,959$12,107
11 years$17,576$15,718$14,034$12,514$11,145$10,331
12 years$15,947$14,107$12,455$10,976$9,658$8,881
13 years$14,569$12,749$11,128$9,691$8,422$7,681
14 years$13,389$11,588$9,998$8,602$7,383$6,676
15 years$12,368$10,586$9,027$7,672$6,500$5,828
16 years$11,475$9,713$8,184$6,869$5,745$5,106
17 years$10,688$8,945$7,448$6,172$5,094$4,488
18 years$9,989$8,266$6,799$5,562$4,529$3,955
19 years$9,364$7,660$6,224$5,026$4,037$3,493
20 years$8,803$7,118$5,712$4,552$3,606$3,091
21 years$8,295$6,631$5,254$4,131$3,227$2,740
22 years$7,835$6,189$4,842$3,756$2,892$2,433
23 years$7,415$5,789$4,471$3,421$2,596$2,163
24 years$7,030$5,424$4,135$3,120$2,334$1,925
25 years$6,677$5,090$3,830$2,849$2,100$1,715
26 years$6,352$4,784$3,552$2,605$1,892$1,529
27 years$6,051$4,502$3,298$2,385$1,705$1,365
28 years$5,773$4,242$3,066$2,185$1,539$1,219
29 years$5,513$4,002$2,853$2,004$1,390$1,090
30 years$5,272$3,780$2,658$1,839$1,256$974
31 years$5,047$3,573$2,478$1,689$1,135$872
32 years$4,836$3,381$2,312$1,552$1,027$780
33 years$4,638$3,202$2,159$1,427$929$699
34 years$4,453$3,034$2,017$1,313$841$626
35 years$4,278$2,878$1,886$1,209$762$561
36 years$4,114$2,732$1,764$1,113$690$503
37 years$3,958$2,594$1,651$1,026$626$451
38 years$3,811$2,466$1,546$945$567$404
39 years$3,673$2,345$1,448$872$514$362
40 years$3,541$2,231$1,358$804$467$325
41 years$3,416$2,123$1,273$742$423$292
42 years$3,297$2,022$1,194$685$384$262
43 years$3,185$1,927$1,121$632$349$235
44 years$3,077$1,837$1,052$584$316$211
45 years$2,975$1,751$988$539$287$189
46 years$2,877$1,671$928$498$261$170
47 years$2,784$1,594$871$460$237$152
48 years$2,695$1,522$819$425$215$137
49 years$2,610$1,454$770$393$195$123
50 years$2,529$1,388$724$363$177$110

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 $2,473 every year, while hoping to spend $46,509 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: 66/26/8 Blend
62$2,590,000$2,590,000$2,590,000$2,590,000
63$2,856,731$2,719,461$2,679,316$3,040,778
64$3,098,632$2,803,229$2,719,588$3,247,200
65$3,363,649$2,889,544$2,759,650$3,466,934
66$3,654,089$2,978,479$2,799,446$3,705,857
67$3,972,496$3,070,114$2,838,917$3,965,834
68$4,321,669$3,164,529$2,878,000$4,248,918
69$4,704,693$3,261,805$2,916,627$4,557,370
70$5,124,966$3,362,027$2,954,728$4,893,678
71$5,586,229$3,465,283$2,992,228$5,260,582
72$6,092,604$3,571,661$3,029,047$5,661,096
73$6,648,631$3,681,254$3,065,102$6,098,543
74$7,259,313$3,794,157$3,100,304$6,576,578
75$7,930,158$3,910,466$3,134,559$7,099,228
76$8,667,237$4,030,282$3,167,770$7,670,926
77$9,477,237$4,153,707$3,199,832$8,296,556
78$10,367,523$4,280,847$3,230,635$8,981,495
79$11,346,213$4,411,811$3,260,063$9,731,667
80$12,422,247$4,546,710$3,287,995$10,553,595
81$13,605,476$4,685,659$3,314,303$11,454,465
82$14,906,753$4,828,775$3,338,851$12,442,191
83$16,338,037$4,976,179$3,361,497$13,525,493
84$17,912,501$5,127,997$3,382,092$14,713,975
85$19,644,662$5,284,355$3,400,478$16,018,216
86$21,550,514$5,445,385$3,416,491$17,449,870
87$23,647,679$5,611,221$3,429,956$19,021,779
88$25,955,574$5,782,002$3,440,691$20,748,087
89$28,495,593$5,957,870$3,448,504$22,644,377
90$31,291,308$6,138,971$3,453,194$24,727,818
91$34,368,696$6,325,455$3,454,550$27,017,326
92$37,756,376$6,517,475$3,452,350$29,533,741
93$41,485,884$6,715,189$3,446,362$32,300,024
94$45,591,971$6,918,760$3,436,342$35,341,473
95$50,112,926$7,128,353$3,422,033$38,685,963
96$55,090,941$7,344,139$3,403,168$42,364,204
97$60,572,509$7,566,294$3,379,466$46,410,036
98$66,608,859$7,794,996$3,350,632$50,860,745
99$73,256,442$8,030,430$3,316,358$55,757,414
100$80,577,463$8,272,786$3,276,320$61,145,311