Can I retire at age 63 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$215,531$213,612$211,738$209,910$208,125$204,677
2 years$106,699$104,712$102,786$100,918$99,107$95,644
3 years$70,426$68,430$66,509$64,659$62,878$59,506
4 years$52,293$50,303$48,402$46,583$44,845$41,591
5 years$41,416$39,438$37,562$35,781$34,090$30,964
6 years$34,167$32,204$30,355$28,614$26,975$23,979
7 years$28,992$27,045$25,225$23,525$21,938$19,074
8 years$25,112$23,183$21,393$19,735$18,199$15,467
9 years$22,095$20,185$18,426$16,810$15,326$12,724
10 years$19,684$17,792$16,064$14,490$13,059$10,585
11 years$17,712$15,839$14,143$12,611$11,231$8,882
12 years$16,070$14,216$12,551$11,061$9,733$7,505
13 years$14,682$12,847$11,214$9,765$8,487$6,378
14 years$13,493$11,678$10,076$8,669$7,440$5,446
15 years$12,463$10,668$9,097$7,731$6,550$4,668
16 years$11,563$9,788$8,248$6,922$5,789$4,015
17 years$10,770$9,014$7,505$6,220$5,133$3,462
18 years$10,066$8,329$6,851$5,605$4,564$2,993
19 years$9,436$7,720$6,272$5,065$4,068$2,592
20 years$8,871$7,173$5,756$4,587$3,634$2,249
21 years$8,359$6,682$5,294$4,163$3,252$1,954
22 years$7,895$6,237$4,880$3,785$2,915$1,699
23 years$7,472$5,834$4,505$3,447$2,617$1,480
24 years$7,085$5,466$4,167$3,144$2,352$1,290
25 years$6,729$5,129$3,859$2,871$2,116$1,125
26 years$6,401$4,821$3,579$2,625$1,906$982
27 years$6,098$4,537$3,324$2,403$1,719$858
28 years$5,817$4,275$3,090$2,202$1,551$750
29 years$5,556$4,033$2,875$2,019$1,400$656
30 years$5,313$3,809$2,678$1,853$1,265$574
31 years$5,086$3,600$2,497$1,702$1,144$502
32 years$4,873$3,407$2,330$1,564$1,035$439
33 years$4,674$3,226$2,175$1,438$936$385
34 years$4,487$3,058$2,032$1,323$848$337
35 years$4,311$2,900$1,900$1,218$768$295
36 years$4,145$2,753$1,778$1,122$696$259
37 years$3,989$2,615$1,664$1,034$631$227
38 years$3,841$2,485$1,558$953$572$199
39 years$3,701$2,363$1,460$879$518$174
40 years$3,568$2,248$1,368$810$470$153
41 years$3,442$2,140$1,283$748$427$134
42 years$3,323$2,038$1,203$690$387$117
43 years$3,209$1,942$1,129$637$351$103
44 years$3,101$1,851$1,060$588$319$90
45 years$2,998$1,765$995$543$290$79
46 years$2,900$1,684$935$502$263$69
47 years$2,806$1,607$878$463$239$61
48 years$2,716$1,534$825$428$217$53
49 years$2,630$1,465$776$396$197$47
50 years$2,548$1,399$729$366$179$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,610,000, adding $4,444 every year, while hoping to spend $26,639 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: 71/5/24 Blend
62$2,610,000$2,610,000$2,610,000$2,610,000
63$2,880,804$2,742,474$2,702,019$3,067,670
64$3,146,302$2,848,512$2,764,193$3,299,115
65$3,437,989$2,958,852$2,827,557$3,548,914
66$3,758,506$3,073,678$2,892,123$3,821,807
67$4,110,766$3,193,181$2,957,901$4,120,085
68$4,497,977$3,317,560$3,024,904$4,446,271
69$4,923,673$3,447,022$3,093,140$4,803,143
70$5,391,747$3,581,786$3,162,619$5,193,762
71$5,906,489$3,722,077$3,233,351$5,621,498
72$6,472,625$3,868,133$3,305,343$6,090,064
73$7,095,363$4,020,202$3,378,602$6,603,549
74$7,780,440$4,178,542$3,453,136$7,166,457
75$8,534,178$4,343,423$3,528,948$7,783,750
76$9,363,541$4,515,128$3,606,045$8,460,893
77$10,276,203$4,693,951$3,684,429$9,203,907
78$11,280,621$4,880,199$3,764,102$10,019,426
79$12,386,112$5,074,196$3,845,067$10,914,755
80$13,602,940$5,276,277$3,927,321$11,897,946
81$14,942,419$5,486,793$4,010,866$12,977,866
82$16,417,012$5,706,112$4,095,696$14,164,287
83$18,040,453$5,934,617$4,181,807$15,467,973
84$19,827,875$6,172,710$4,269,194$16,900,785
85$21,795,955$6,420,809$4,357,848$18,475,790
86$23,963,066$6,679,352$4,447,760$20,207,385
87$26,349,456$6,948,798$4,538,917$22,111,434
88$28,977,435$7,229,624$4,631,306$24,205,415
89$31,871,589$7,522,332$4,724,910$26,508,585
90$35,059,009$7,827,443$4,819,712$29,042,164
91$38,569,545$8,145,505$4,915,690$31,829,532
92$42,436,093$8,477,090$5,012,820$34,896,452
93$46,694,902$8,822,794$5,111,077$38,271,309
94$51,385,914$9,183,243$5,210,430$41,985,382
95$56,553,146$9,559,091$5,310,848$46,073,136
96$62,245,100$9,951,020$5,412,295$50,572,548
97$68,515,225$10,359,744$5,514,732$55,525,465
98$75,422,418$10,786,012$5,618,115$60,977,998
99$83,031,582$11,230,604$5,722,399$66,980,958
100$91,414,238$11,694,337$5,827,533$73,590,334