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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$214,706$212,793$210,927$209,106$207,328$204,737
2 years$106,290$104,310$102,392$100,532$98,727$96,121
3 years$70,156$68,168$66,254$64,412$62,637$60,095
4 years$52,093$50,111$48,216$46,405$44,673$42,216
5 years$41,257$39,287$37,418$35,643$33,960$31,594
6 years$34,036$32,081$30,239$28,504$26,871$24,600
7 years$28,880$26,942$25,129$23,435$21,853$19,677
8 years$25,015$23,094$21,311$19,659$18,130$16,049
9 years$22,011$20,107$18,355$16,745$15,268$13,281
10 years$19,608$17,724$16,003$14,434$13,009$11,115
11 years$17,644$15,778$14,088$12,562$11,188$9,385
12 years$16,008$14,162$12,503$11,019$9,695$7,982
13 years$14,625$12,798$11,171$9,728$8,455$6,828
14 years$13,441$11,633$10,037$8,635$7,411$5,869
15 years$12,415$10,627$9,062$7,701$6,525$5,066
16 years$11,519$9,750$8,216$6,896$5,767$4,387
17 years$10,729$8,980$7,476$6,196$5,114$3,810
18 years$10,027$8,298$6,825$5,584$4,547$3,317
19 years$9,400$7,690$6,248$5,045$4,053$2,894
20 years$8,837$7,146$5,734$4,569$3,620$2,529
21 years$8,327$6,656$5,274$4,147$3,239$2,214
22 years$7,865$6,213$4,861$3,771$2,904$1,941
23 years$7,443$5,811$4,488$3,434$2,606$1,703
24 years$7,058$5,445$4,151$3,132$2,343$1,496
25 years$6,703$5,110$3,845$2,860$2,108$1,316
26 years$6,377$4,802$3,566$2,615$1,899$1,158
27 years$6,075$4,519$3,311$2,394$1,712$1,019
28 years$5,795$4,259$3,078$2,193$1,545$898
29 years$5,535$4,018$2,864$2,011$1,395$792
30 years$5,292$3,794$2,668$1,846$1,260$698
31 years$5,066$3,587$2,487$1,695$1,140$616
32 years$4,855$3,394$2,321$1,558$1,031$544
33 years$4,656$3,214$2,167$1,433$933$480
34 years$4,470$3,046$2,025$1,318$845$424
35 years$4,295$2,889$1,893$1,213$765$375
36 years$4,129$2,742$1,771$1,118$693$331
37 years$3,974$2,604$1,657$1,030$628$292
38 years$3,826$2,475$1,552$949$570$258
39 years$3,687$2,354$1,454$875$516$228
40 years$3,555$2,239$1,363$807$468$202
41 years$3,429$2,132$1,278$745$425$179
42 years$3,310$2,030$1,199$687$386$158
43 years$3,197$1,934$1,125$634$350$140
44 years$3,089$1,844$1,056$586$318$124
45 years$2,986$1,758$991$541$288$109
46 years$2,889$1,677$931$500$262$97
47 years$2,795$1,601$875$462$238$85
48 years$2,706$1,528$822$427$216$76
49 years$2,620$1,459$773$394$196$67
50 years$2,539$1,394$726$364$178$59

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 $2,148 every year, while hoping to spend $23,704 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: 81/5/14 Blend
62$2,600,000$2,600,000$2,600,000$2,600,000
63$2,867,416$2,729,616$2,689,316$3,091,599
64$3,134,671$2,838,146$2,754,187$3,347,698
65$3,428,392$2,951,200$2,820,437$3,625,466
66$3,751,254$3,068,974$2,888,087$3,929,698
67$4,106,201$3,191,673$2,957,157$4,263,036
68$4,496,482$3,319,513$3,027,670$4,628,394
69$4,925,671$3,452,718$3,099,646$5,028,979
70$5,397,711$3,591,522$3,173,105$5,468,323
71$5,916,941$3,736,171$3,248,068$5,950,318
72$6,488,146$3,886,920$3,324,555$6,479,249
73$7,116,596$4,044,038$3,402,586$7,059,838
74$7,808,097$4,207,804$3,482,181$7,697,286
75$8,569,048$4,378,511$3,563,359$8,397,323
76$9,406,498$4,556,466$3,646,139$9,166,259
77$10,328,216$4,741,988$3,730,540$10,011,049
78$11,342,760$4,935,411$3,816,579$10,939,352
79$12,459,561$5,137,086$3,904,274$11,959,608
80$13,689,011$5,347,377$3,993,641$13,081,113
81$15,042,559$5,566,668$4,084,698$14,314,112
82$16,532,824$5,795,359$4,177,459$15,669,889
83$18,173,707$6,033,867$4,271,939$17,160,879
84$19,980,528$6,282,629$4,368,152$18,800,781
85$21,970,168$6,542,104$4,466,111$20,604,689
86$24,161,227$6,812,769$4,565,828$22,589,233
87$26,574,203$7,095,125$4,667,313$24,772,738
88$29,231,680$7,389,695$4,770,577$27,175,392
89$32,158,548$7,697,026$4,875,628$29,819,442
90$35,382,232$8,017,692$4,982,473$32,729,400
91$38,932,951$8,352,291$5,091,118$35,932,273
92$42,844,009$8,701,450$5,201,567$39,457,820
93$47,152,101$9,065,824$5,313,823$43,338,833
94$51,897,666$9,446,100$5,427,886$47,611,444
95$57,125,264$9,842,995$5,543,757$52,315,466
96$62,883,999$10,257,260$5,661,431$57,494,769
97$69,227,982$10,689,681$5,780,904$63,197,694
98$76,216,841$11,141,079$5,902,168$69,477,509
99$83,916,282$11,612,316$6,025,214$76,392,909
100$92,398,714$12,104,291$6,150,030$84,008,572