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%12.3%
1 years$217,183$215,248$213,361$211,519$209,720$207,703
2 years$107,516$105,514$103,573$101,692$99,867$97,834
3 years$70,966$68,955$67,019$65,155$63,359$61,376
4 years$52,694$50,689$48,773$46,940$45,189$43,268
5 years$41,734$39,741$37,849$36,055$34,352$32,500
6 years$34,429$32,451$30,588$28,833$27,181$25,401
7 years$29,214$27,253$25,419$23,705$22,106$20,398
8 years$25,304$23,360$21,557$19,886$18,339$16,703
9 years$22,265$20,339$18,567$16,938$15,444$13,880
10 years$19,835$17,928$16,187$14,601$13,159$11,665
11 years$17,848$15,960$14,251$12,707$11,317$9,893
12 years$16,193$14,325$12,647$11,146$9,807$8,451
13 years$14,794$12,946$11,300$9,840$8,552$7,262
14 years$13,596$11,767$10,153$8,735$7,497$6,271
15 years$12,559$10,750$9,167$7,790$6,601$5,438
16 years$11,652$9,863$8,311$6,975$5,834$4,732
17 years$10,853$9,083$7,563$6,267$5,173$4,130
18 years$10,143$8,393$6,904$5,648$4,599$3,614
19 years$9,509$7,779$6,320$5,103$4,099$3,169
20 years$8,939$7,228$5,800$4,622$3,662$2,784
21 years$8,423$6,733$5,335$4,195$3,277$2,450
22 years$7,956$6,285$4,917$3,814$2,937$2,159
23 years$7,529$5,878$4,540$3,474$2,637$1,905
24 years$7,139$5,508$4,199$3,168$2,370$1,682
25 years$6,781$5,169$3,889$2,893$2,132$1,487
26 years$6,450$4,858$3,607$2,645$1,921$1,316
27 years$6,145$4,572$3,349$2,421$1,732$1,165
28 years$5,862$4,308$3,113$2,219$1,563$1,033
29 years$5,599$4,064$2,897$2,035$1,411$915
30 years$5,354$3,838$2,699$1,867$1,275$812
31 years$5,125$3,628$2,516$1,715$1,153$721
32 years$4,911$3,433$2,347$1,576$1,043$640
33 years$4,710$3,251$2,192$1,449$944$568
34 years$4,521$3,081$2,048$1,333$854$505
35 years$4,344$2,922$1,915$1,227$774$448
36 years$4,177$2,774$1,791$1,130$701$398
37 years$4,019$2,635$1,676$1,042$635$354
38 years$3,870$2,504$1,570$960$576$315
39 years$3,729$2,381$1,471$885$522$280
40 years$3,596$2,265$1,379$816$474$249
41 years$3,469$2,156$1,293$753$430$222
42 years$3,348$2,054$1,213$695$390$197
43 years$3,234$1,957$1,138$642$354$175
44 years$3,125$1,865$1,068$593$321$156
45 years$3,021$1,778$1,003$547$292$139
46 years$2,922$1,697$942$506$265$124
47 years$2,827$1,619$885$467$241$110
48 years$2,737$1,546$832$432$218$98
49 years$2,650$1,476$782$399$198$87
50 years$2,568$1,410$735$369$180$78

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 $6,174 every year, while hoping to spend $32,562 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: 50/20/30 Blend
62$2,630,000$2,630,000$2,630,000$2,630,000
63$2,904,628$2,765,238$2,724,473$3,024,869
64$3,166,255$2,866,089$2,781,098$3,210,646
65$3,453,476$2,970,791$2,838,527$3,408,754
66$3,768,868$3,079,497$2,896,755$3,623,475
67$4,115,268$3,192,368$2,955,773$3,856,403
68$4,495,804$3,309,572$3,015,569$4,109,292
69$4,913,919$3,431,284$3,076,134$4,384,074
70$5,373,407$3,557,686$3,137,453$4,682,873
71$5,878,448$3,688,966$3,199,511$5,008,028
72$6,433,648$3,825,323$3,262,293$5,362,112
73$7,044,079$3,966,963$3,325,779$5,747,959
74$7,715,331$4,114,101$3,389,949$6,168,687
75$8,453,564$4,266,961$3,454,780$6,627,729
76$9,265,560$4,425,775$3,520,249$7,128,866
77$10,158,798$4,590,788$3,586,327$7,676,259
78$11,141,511$4,762,253$3,652,986$8,274,491
79$12,222,778$4,940,435$3,720,193$8,928,608
80$13,412,595$5,125,611$3,787,913$9,644,167
81$14,721,981$5,318,067$3,856,110$10,427,288
82$16,163,076$5,518,105$3,924,742$11,284,709
83$17,749,255$5,726,038$3,993,766$12,223,854
84$19,495,257$5,942,191$4,063,135$13,252,898
85$21,417,322$6,166,908$4,132,799$14,380,844
86$23,533,344$6,400,541$4,202,703$15,617,611
87$25,863,042$6,643,464$4,272,790$16,974,123
88$28,428,141$6,896,063$4,342,998$18,462,413
89$31,252,583$7,158,742$4,413,260$20,095,739
90$34,362,749$7,431,923$4,483,507$21,888,701
91$37,787,707$7,716,045$4,553,662$23,857,387
92$41,559,490$8,011,568$4,623,646$26,019,517
93$45,713,394$8,318,970$4,693,374$28,394,614
94$50,288,313$8,638,753$4,762,755$31,004,187
95$55,327,107$8,971,438$4,831,693$33,871,930
96$60,877,003$9,317,570$4,900,087$37,023,949
97$66,990,045$9,677,718$4,967,827$40,489,005
98$73,723,580$10,052,476$5,034,799$44,298,787
99$81,140,802$10,442,465$5,100,883$48,488,208
100$89,311,350$10,848,332$5,165,949$53,095,734