Can I retire at age 63 with 2,620,000?

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 $2,620,000?

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$216,357$214,430$212,550$210,714$208,922$205,461
2 years$107,108$105,113$103,179$101,305$99,487$96,010
3 years$70,696$68,692$66,764$64,907$63,119$59,734
4 years$52,493$50,496$48,587$46,762$45,017$41,751
5 years$41,575$39,590$37,706$35,918$34,221$31,083
6 years$34,298$32,328$30,472$28,724$27,078$24,071
7 years$29,103$27,149$25,322$23,615$22,022$19,147
8 years$25,208$23,272$21,475$19,810$18,269$15,527
9 years$22,180$20,262$18,497$16,874$15,385$12,773
10 years$19,759$17,860$16,126$14,546$13,109$10,625
11 years$17,780$15,900$14,197$12,659$11,274$8,916
12 years$16,132$14,271$12,599$11,104$9,770$7,534
13 years$14,738$12,897$11,257$9,803$8,520$6,403
14 years$13,544$11,723$10,114$8,702$7,468$5,467
15 years$12,511$10,709$9,132$7,761$6,576$4,686
16 years$11,608$9,825$8,279$6,949$5,812$4,030
17 years$10,811$9,049$7,534$6,243$5,153$3,475
18 years$10,104$8,361$6,877$5,627$4,582$3,004
19 years$9,472$7,749$6,296$5,084$4,084$2,602
20 years$8,905$7,201$5,778$4,605$3,648$2,257
21 years$8,391$6,707$5,315$4,179$3,264$1,961
22 years$7,925$6,261$4,898$3,800$2,926$1,706
23 years$7,501$5,856$4,523$3,460$2,627$1,486
24 years$7,112$5,487$4,183$3,156$2,361$1,295
25 years$6,755$5,149$3,874$2,882$2,124$1,130
26 years$6,426$4,839$3,593$2,635$1,914$986
27 years$6,121$4,554$3,336$2,412$1,725$861
28 years$5,839$4,291$3,102$2,210$1,557$753
29 years$5,577$4,048$2,886$2,027$1,406$658
30 years$5,333$3,823$2,689$1,860$1,270$576
31 years$5,105$3,614$2,506$1,708$1,148$504
32 years$4,892$3,420$2,339$1,570$1,039$441
33 years$4,692$3,239$2,184$1,444$940$386
34 years$4,504$3,070$2,040$1,328$851$338
35 years$4,328$2,911$1,907$1,223$771$296
36 years$4,161$2,763$1,784$1,126$698$260
37 years$4,004$2,625$1,670$1,038$633$227
38 years$3,856$2,494$1,564$956$574$199
39 years$3,715$2,372$1,465$882$520$175
40 years$3,582$2,257$1,373$813$472$153
41 years$3,456$2,148$1,288$750$428$134
42 years$3,336$2,046$1,208$693$389$118
43 years$3,222$1,949$1,134$639$353$103
44 years$3,113$1,858$1,064$590$320$90
45 years$3,009$1,772$999$545$291$79
46 years$2,911$1,690$938$504$264$70
47 years$2,817$1,613$882$465$240$61
48 years$2,726$1,540$828$430$218$53
49 years$2,640$1,470$779$397$198$47
50 years$2,558$1,405$732$367$180$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,620,000, adding $6,178 every year, while hoping to spend $25,099 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: 43/30/27 Blend
62$2,620,000$2,620,000$2,620,000$2,620,000
63$2,893,613$2,754,753$2,714,143$2,995,025
64$3,162,056$2,863,030$2,778,361$3,176,461
65$3,457,039$2,975,772$2,843,890$3,370,064
66$3,781,243$3,093,171$2,910,746$3,579,351
67$4,137,621$3,215,428$2,978,947$3,805,790
68$4,529,426$3,342,751$3,048,510$4,050,993
69$4,960,243$3,475,361$3,119,450$4,316,732
70$5,434,021$3,613,487$3,191,785$4,604,955
71$5,955,110$3,757,368$3,265,529$4,917,805
72$6,528,306$3,907,253$3,340,699$5,257,635
73$7,158,890$4,063,405$3,417,309$5,627,035
74$7,852,681$4,226,096$3,495,373$6,028,852
75$8,616,092$4,395,612$3,574,905$6,466,219
76$9,456,187$4,572,252$3,655,919$6,942,582
77$10,380,752$4,756,326$3,738,426$7,461,730
78$11,398,364$4,948,160$3,822,438$8,027,834
79$12,518,473$5,148,096$3,907,965$8,645,482
80$13,751,493$5,356,489$3,995,019$9,319,725
81$15,108,901$5,573,712$4,083,607$10,056,120
82$16,603,338$5,800,154$4,173,737$10,860,782
83$18,248,738$6,036,221$4,265,417$11,740,444
84$20,060,453$6,282,339$4,358,652$12,702,515
85$22,055,398$6,538,952$4,453,445$13,755,153
86$24,252,214$6,806,526$4,549,801$14,907,339
87$26,671,441$7,085,547$4,647,721$16,168,958
88$29,335,712$7,376,524$4,747,204$17,550,896
89$32,269,968$7,679,987$4,848,249$19,065,139
90$35,501,692$7,996,493$4,950,852$20,724,883
91$39,061,168$8,326,625$5,055,009$22,544,660
92$42,981,766$8,670,989$5,160,711$24,540,473
93$47,300,262$9,030,222$5,267,950$26,729,946
94$52,057,175$9,404,990$5,376,713$29,132,486
95$57,297,161$9,795,988$5,486,987$31,769,469
96$63,069,426$10,203,946$5,598,755$34,664,435
97$69,428,191$10,629,624$5,711,998$37,843,314
98$76,433,210$11,073,819$5,826,693$41,334,664
99$84,150,327$11,537,365$5,942,816$45,169,941
100$92,652,098$12,021,134$6,060,339$49,383,795