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

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$215,531$213,612$211,738$209,910$208,125$201,302
2 years$106,699$104,712$102,786$100,918$99,107$92,298
3 years$70,426$68,430$66,509$64,659$62,878$56,296
4 years$52,293$50,303$48,402$46,583$44,845$38,542
5 years$41,416$39,438$37,562$35,781$34,090$28,082
6 years$34,167$32,204$30,355$28,614$26,975$21,266
7 years$28,992$27,045$25,225$23,525$21,938$16,528
8 years$25,112$23,183$21,393$19,735$18,199$13,086
9 years$22,095$20,185$18,426$16,810$15,326$10,502
10 years$19,684$17,792$16,064$14,490$13,059$8,516
11 years$17,712$15,839$14,143$12,611$11,231$6,962
12 years$16,070$14,216$12,551$11,061$9,733$5,727
13 years$14,682$12,847$11,214$9,765$8,487$4,735
14 years$13,493$11,678$10,076$8,669$7,440$3,931
15 years$12,463$10,668$9,097$7,731$6,550$3,275
16 years$11,563$9,788$8,248$6,922$5,789$2,735
17 years$10,770$9,014$7,505$6,220$5,133$2,290
18 years$10,066$8,329$6,851$5,605$4,564$1,920
19 years$9,436$7,720$6,272$5,065$4,068$1,613
20 years$8,871$7,173$5,756$4,587$3,634$1,356
21 years$8,359$6,682$5,294$4,163$3,252$1,142
22 years$7,895$6,237$4,880$3,785$2,915$962
23 years$7,472$5,834$4,505$3,447$2,617$812
24 years$7,085$5,466$4,167$3,144$2,352$685
25 years$6,729$5,129$3,859$2,871$2,116$578
26 years$6,401$4,821$3,579$2,625$1,906$488
27 years$6,098$4,537$3,324$2,403$1,719$413
28 years$5,817$4,275$3,090$2,202$1,551$349
29 years$5,556$4,033$2,875$2,019$1,400$295
30 years$5,313$3,809$2,678$1,853$1,265$249
31 years$5,086$3,600$2,497$1,702$1,144$211
32 years$4,873$3,407$2,330$1,564$1,035$179
33 years$4,674$3,226$2,175$1,438$936$151
34 years$4,487$3,058$2,032$1,323$848$128
35 years$4,311$2,900$1,900$1,218$768$108
36 years$4,145$2,753$1,778$1,122$696$92
37 years$3,989$2,615$1,664$1,034$631$77
38 years$3,841$2,485$1,558$953$572$66
39 years$3,701$2,363$1,460$879$518$56
40 years$3,568$2,248$1,368$810$470$47
41 years$3,442$2,140$1,283$748$427$40
42 years$3,323$2,038$1,203$690$387$34
43 years$3,209$1,942$1,129$637$351$29
44 years$3,101$1,851$1,060$588$319$24
45 years$2,998$1,765$995$543$290$20
46 years$2,900$1,684$935$502$263$17
47 years$2,806$1,607$878$463$239$15
48 years$2,716$1,534$825$428$217$12
49 years$2,630$1,465$776$396$197$11
50 years$2,548$1,399$729$366$179$9

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 $5,055 every year, while hoping to spend $37,614 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: 42/28/30 Blend
62$2,610,000$2,610,000$2,610,000$2,610,000
63$2,881,434$2,743,104$2,702,649$2,976,957
64$3,135,320$2,837,495$2,753,167$3,140,866
65$3,413,840$2,935,251$2,804,116$3,314,370
66$3,719,470$3,036,496$2,855,472$3,501,575
67$4,054,933$3,141,361$2,907,207$3,703,771
68$4,423,229$3,249,981$2,959,292$3,922,378
69$4,827,664$3,362,496$3,011,694$4,158,957
70$5,271,880$3,479,052$3,064,379$4,415,226
71$5,759,887$3,599,801$3,117,311$4,693,074
72$6,296,104$3,724,900$3,170,450$4,994,581
73$6,885,400$3,854,513$3,223,753$5,322,035
74$7,533,137$3,988,811$3,277,176$5,677,954
75$8,245,225$4,127,970$3,330,669$6,065,111
76$9,028,172$4,272,175$3,384,181$6,486,556
77$9,889,151$4,421,617$3,437,656$6,945,647
78$10,836,063$4,576,495$3,491,036$7,446,083
79$11,877,614$4,737,016$3,544,259$7,991,934
80$13,023,396$4,903,395$3,597,256$8,587,682
81$14,283,977$5,075,856$3,649,959$9,238,263
82$15,671,001$5,254,631$3,702,291$9,949,111
83$17,197,299$5,439,964$3,754,173$10,726,211
84$18,877,006$5,632,105$3,805,521$11,576,154
85$20,725,700$5,831,317$3,856,245$12,506,199
86$22,760,542$6,037,872$3,906,250$13,524,340
87$25,000,444$6,252,055$3,955,436$14,639,382
88$27,466,243$6,474,159$4,003,697$15,861,024
89$30,180,900$6,704,493$4,050,921$17,199,948
90$33,169,714$6,943,376$4,096,990$18,667,921
91$36,460,565$7,191,141$4,141,778$20,277,907
92$40,084,169$7,448,134$4,185,155$22,044,183
93$44,074,377$7,714,715$4,226,980$23,982,478
94$48,468,487$7,991,259$4,267,107$26,110,123
95$53,307,600$8,278,158$4,305,382$28,446,206
96$58,637,005$8,575,818$4,341,643$31,011,759
97$64,506,608$8,884,662$4,375,717$33,829,951
98$70,971,403$9,205,131$4,407,424$36,926,309
99$78,091,988$9,537,684$4,436,574$40,328,957
100$85,935,140$9,882,800$4,462,969$44,068,881