Can I retire at age 63 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$214,706$212,793$210,927$209,106$207,328$204,061
2 years$106,290$104,310$102,392$100,532$98,727$95,445
3 years$70,156$68,168$66,254$64,412$62,637$59,440
4 years$52,093$50,111$48,216$46,405$44,673$41,587
5 years$41,257$39,287$37,418$35,643$33,960$30,994
6 years$34,036$32,081$30,239$28,504$26,871$24,028
7 years$28,880$26,942$25,129$23,435$21,853$19,135
8 years$25,015$23,094$21,311$19,659$18,130$15,534
9 years$22,011$20,107$18,355$16,745$15,268$12,795
10 years$19,608$17,724$16,003$14,434$13,009$10,656
11 years$17,644$15,778$14,088$12,562$11,188$8,953
12 years$16,008$14,162$12,503$11,019$9,695$7,575
13 years$14,625$12,798$11,171$9,728$8,455$6,446
14 years$13,441$11,633$10,037$8,635$7,411$5,512
15 years$12,415$10,627$9,062$7,701$6,525$4,731
16 years$11,519$9,750$8,216$6,896$5,767$4,074
17 years$10,729$8,980$7,476$6,196$5,114$3,518
18 years$10,027$8,298$6,825$5,584$4,547$3,046
19 years$9,400$7,690$6,248$5,045$4,053$2,642
20 years$8,837$7,146$5,734$4,569$3,620$2,295
21 years$8,327$6,656$5,274$4,147$3,239$1,997
22 years$7,865$6,213$4,861$3,771$2,904$1,740
23 years$7,443$5,811$4,488$3,434$2,606$1,518
24 years$7,058$5,445$4,151$3,132$2,343$1,325
25 years$6,703$5,110$3,845$2,860$2,108$1,158
26 years$6,377$4,802$3,566$2,615$1,899$1,012
27 years$6,075$4,519$3,311$2,394$1,712$886
28 years$5,795$4,259$3,078$2,193$1,545$775
29 years$5,535$4,018$2,864$2,011$1,395$679
30 years$5,292$3,794$2,668$1,846$1,260$595
31 years$5,066$3,587$2,487$1,695$1,140$521
32 years$4,855$3,394$2,321$1,558$1,031$457
33 years$4,656$3,214$2,167$1,433$933$401
34 years$4,470$3,046$2,025$1,318$845$352
35 years$4,295$2,889$1,893$1,213$765$309
36 years$4,129$2,742$1,771$1,118$693$271
37 years$3,974$2,604$1,657$1,030$628$238
38 years$3,826$2,475$1,552$949$570$209
39 years$3,687$2,354$1,454$875$516$183
40 years$3,555$2,239$1,363$807$468$161
41 years$3,429$2,132$1,278$745$425$141
42 years$3,310$2,030$1,199$687$386$124
43 years$3,197$1,934$1,125$634$350$109
44 years$3,089$1,844$1,056$586$318$96
45 years$2,986$1,758$991$541$288$84
46 years$2,889$1,677$931$500$262$74
47 years$2,795$1,601$875$462$238$65
48 years$2,706$1,528$822$427$216$57
49 years$2,620$1,459$773$394$196$50
50 years$2,539$1,394$726$364$178$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,600,000, adding $3,194 every year, while hoping to spend $24,569 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: 44/28/28 Blend
62$2,600,000$2,600,000$2,600,000$2,600,000
63$2,868,495$2,730,695$2,690,395$2,971,258
64$3,134,940$2,838,357$2,754,382$3,152,592
65$3,427,739$2,950,472$2,819,689$3,346,449
66$3,749,554$3,067,231$2,886,334$3,556,129
67$4,103,319$3,188,835$2,954,336$3,783,118
68$4,492,263$3,315,494$3,023,713$4,029,049
69$4,919,948$3,447,428$3,094,481$4,295,719
70$5,390,295$3,584,864$3,166,658$4,585,100
71$5,907,625$3,728,042$3,240,262$4,899,365
72$6,476,700$3,877,214$3,315,308$5,240,899
73$7,102,766$4,032,639$3,391,812$5,612,328
74$7,791,601$4,194,592$3,469,792$6,016,539
75$8,549,575$4,363,358$3,549,260$6,456,708
76$9,383,704$4,539,234$3,630,233$6,936,329
77$10,301,720$4,722,534$3,712,723$7,459,248
78$11,312,140$4,913,584$3,796,744$8,029,694
79$12,424,353$5,112,723$3,882,309$8,652,322
80$13,648,699$5,320,310$3,969,429$9,332,255
81$14,996,577$5,536,715$4,058,116$10,075,132
82$16,480,543$5,762,329$4,148,378$10,887,160
83$18,114,434$5,997,560$4,240,224$11,775,170
84$19,913,498$6,242,832$4,333,664$12,746,682
85$21,894,536$6,498,591$4,428,702$13,809,975
86$24,076,059$6,765,303$4,525,344$14,974,165
87$26,478,470$7,043,455$4,623,595$16,249,287
88$29,124,245$7,333,556$4,723,457$17,646,391
89$32,038,156$7,636,138$4,824,931$19,177,645
90$35,247,498$7,951,759$4,928,017$20,856,447
91$38,782,349$8,281,001$5,032,711$22,697,552
92$42,675,852$8,624,473$5,139,010$24,717,209
93$46,964,530$8,982,814$5,246,908$26,933,312
94$51,688,628$9,356,688$5,356,396$29,365,569
95$56,892,498$9,746,795$5,467,465$32,035,686
96$62,625,008$10,153,863$5,580,100$34,967,570
97$68,940,012$10,578,656$5,694,287$38,187,554
98$75,896,856$11,021,973$5,810,008$41,724,642
99$83,560,933$11,484,648$5,927,242$45,610,783
100$92,004,309$11,967,556$6,045,965$49,881,169