Can I retire at age 63 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$217,183$215,248$213,361$211,519$209,720$202,118
2 years$107,516$105,514$103,573$101,692$99,867$92,291
3 years$70,966$68,955$67,019$65,155$63,359$56,049
4 years$52,694$50,689$48,773$46,940$45,189$38,198
5 years$41,734$39,741$37,849$36,055$34,352$27,700
6 years$34,429$32,451$30,588$28,833$27,181$20,874
7 years$29,214$27,253$25,419$23,705$22,106$16,140
8 years$25,304$23,360$21,557$19,886$18,339$12,710
9 years$22,265$20,339$18,567$16,938$15,444$10,145
10 years$19,835$17,928$16,187$14,601$13,159$8,180
11 years$17,848$15,960$14,251$12,707$11,317$6,648
12 years$16,193$14,325$12,647$11,146$9,807$5,436
13 years$14,794$12,946$11,300$9,840$8,552$4,467
14 years$13,596$11,767$10,153$8,735$7,497$3,686
15 years$12,559$10,750$9,167$7,790$6,601$3,050
16 years$11,652$9,863$8,311$6,975$5,834$2,531
17 years$10,853$9,083$7,563$6,267$5,173$2,105
18 years$10,143$8,393$6,904$5,648$4,599$1,753
19 years$9,509$7,779$6,320$5,103$4,099$1,463
20 years$8,939$7,228$5,800$4,622$3,662$1,222
21 years$8,423$6,733$5,335$4,195$3,277$1,022
22 years$7,956$6,285$4,917$3,814$2,937$855
23 years$7,529$5,878$4,540$3,474$2,637$716
24 years$7,139$5,508$4,199$3,168$2,370$600
25 years$6,781$5,169$3,889$2,893$2,132$503
26 years$6,450$4,858$3,607$2,645$1,921$422
27 years$6,145$4,572$3,349$2,421$1,732$354
28 years$5,862$4,308$3,113$2,219$1,563$297
29 years$5,599$4,064$2,897$2,035$1,411$249
30 years$5,354$3,838$2,699$1,867$1,275$209
31 years$5,125$3,628$2,516$1,715$1,153$176
32 years$4,911$3,433$2,347$1,576$1,043$147
33 years$4,710$3,251$2,192$1,449$944$124
34 years$4,521$3,081$2,048$1,333$854$104
35 years$4,344$2,922$1,915$1,227$774$87
36 years$4,177$2,774$1,791$1,130$701$73
37 years$4,019$2,635$1,676$1,042$635$62
38 years$3,870$2,504$1,570$960$576$52
39 years$3,729$2,381$1,471$885$522$44
40 years$3,596$2,265$1,379$816$474$37
41 years$3,469$2,156$1,293$753$430$31
42 years$3,348$2,054$1,213$695$390$26
43 years$3,234$1,957$1,138$642$354$22
44 years$3,125$1,865$1,068$593$321$18
45 years$3,021$1,778$1,003$547$292$15
46 years$2,922$1,697$942$506$265$13
47 years$2,827$1,619$885$467$241$11
48 years$2,737$1,546$832$432$218$9
49 years$2,650$1,476$782$399$198$8
50 years$2,568$1,410$735$369$180$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,630,000, adding $2,950 every year, while hoping to spend $32,486 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: 52/40/8 Blend
62$2,630,000$2,630,000$2,630,000$2,630,000
63$2,901,303$2,761,913$2,721,148$3,046,217
64$3,162,671$2,862,682$2,777,742$3,245,785
65$3,449,610$2,967,300$2,835,142$3,458,938
66$3,764,693$3,075,921$2,893,343$3,689,968
67$4,110,757$3,188,705$2,952,335$3,940,565
68$4,490,924$3,305,822$3,012,108$4,212,590
69$4,908,635$3,427,444$3,072,650$4,508,087
70$5,367,682$3,553,755$3,133,950$4,829,303
71$5,872,240$3,684,943$3,195,992$5,178,710
72$6,426,910$3,821,207$3,258,759$5,559,026
73$7,036,761$3,962,752$3,322,234$5,973,240
74$7,707,377$4,109,794$3,386,395$6,424,642
75$8,444,912$4,262,556$3,451,221$6,916,849
76$9,256,143$4,421,272$3,516,688$7,453,843
77$10,148,541$4,586,185$3,582,768$8,040,003
78$11,130,333$4,757,550$3,649,432$8,680,148
79$12,210,588$4,935,630$3,716,649$9,379,584
80$13,399,295$5,120,703$3,784,383$10,144,148
81$14,707,462$5,313,056$3,852,599$10,980,266
82$16,147,216$5,512,990$3,921,255$11,895,011
83$17,731,924$5,720,817$3,990,308$12,896,168
84$19,476,308$5,936,866$4,059,712$13,992,310
85$21,396,595$6,161,476$4,129,416$15,192,874
86$23,510,664$6,395,004$4,199,367$16,508,249
87$25,838,213$6,637,820$4,269,507$17,949,875
88$28,400,950$6,890,313$4,339,775$19,530,348
89$31,222,794$7,152,886$4,410,105$21,263,541
90$34,330,102$7,425,960$4,480,426$23,164,728
91$37,751,918$7,709,977$4,550,665$25,250,729
92$41,520,242$8,005,395$4,620,742$27,540,071
93$45,670,342$8,312,694$4,690,571$30,053,155
94$50,241,075$8,632,374$4,760,064$32,812,453
95$55,275,262$8,964,958$4,829,123$35,842,713
96$60,820,088$9,310,990$4,897,648$39,171,196
97$66,927,549$9,671,041$4,965,532$42,827,927
98$73,654,942$10,045,705$5,032,660$46,845,979
99$81,065,403$10,435,601$5,098,911$51,261,783
100$89,228,507$10,841,379$5,164,158$56,115,470