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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$217,183$215,248$213,361$211,519$209,720$205,907
2 years$107,516$105,514$103,573$101,692$99,867$96,039
3 years$70,966$68,955$67,019$65,155$63,359$59,636
4 years$52,694$50,689$48,773$46,940$45,189$41,598
5 years$41,734$39,741$37,849$36,055$34,352$30,904
6 years$34,429$32,451$30,588$28,833$27,181$23,881
7 years$29,214$27,253$25,419$23,705$22,106$18,954
8 years$25,304$23,360$21,557$19,886$18,339$15,334
9 years$22,265$20,339$18,567$16,938$15,444$12,585
10 years$19,835$17,928$16,187$14,601$13,159$10,443
11 years$17,848$15,960$14,251$12,707$11,317$8,741
12 years$16,193$14,325$12,647$11,146$9,807$7,367
13 years$14,794$12,946$11,300$9,840$8,552$6,244
14 years$13,596$11,767$10,153$8,735$7,497$5,317
15 years$12,559$10,750$9,167$7,790$6,601$4,546
16 years$11,652$9,863$8,311$6,975$5,834$3,898
17 years$10,853$9,083$7,563$6,267$5,173$3,352
18 years$10,143$8,393$6,904$5,648$4,599$2,889
19 years$9,509$7,779$6,320$5,103$4,099$2,495
20 years$8,939$7,228$5,800$4,622$3,662$2,158
21 years$8,423$6,733$5,335$4,195$3,277$1,869
22 years$7,956$6,285$4,917$3,814$2,937$1,621
23 years$7,529$5,878$4,540$3,474$2,637$1,407
24 years$7,139$5,508$4,199$3,168$2,370$1,223
25 years$6,781$5,169$3,889$2,893$2,132$1,063
26 years$6,450$4,858$3,607$2,645$1,921$925
27 years$6,145$4,572$3,349$2,421$1,732$806
28 years$5,862$4,308$3,113$2,219$1,563$702
29 years$5,599$4,064$2,897$2,035$1,411$612
30 years$5,354$3,838$2,699$1,867$1,275$533
31 years$5,125$3,628$2,516$1,715$1,153$465
32 years$4,911$3,433$2,347$1,576$1,043$406
33 years$4,710$3,251$2,192$1,449$944$354
34 years$4,521$3,081$2,048$1,333$854$309
35 years$4,344$2,922$1,915$1,227$774$270
36 years$4,177$2,774$1,791$1,130$701$236
37 years$4,019$2,635$1,676$1,042$635$206
38 years$3,870$2,504$1,570$960$576$180
39 years$3,729$2,381$1,471$885$522$157
40 years$3,596$2,265$1,379$816$474$137
41 years$3,469$2,156$1,293$753$430$120
42 years$3,348$2,054$1,213$695$390$105
43 years$3,234$1,957$1,138$642$354$91
44 years$3,125$1,865$1,068$593$321$80
45 years$3,021$1,778$1,003$547$292$70
46 years$2,922$1,697$942$506$265$61
47 years$2,827$1,619$885$467$241$53
48 years$2,737$1,546$832$432$218$47
49 years$2,650$1,476$782$399$198$41
50 years$2,568$1,410$735$369$180$36

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 $3,486 every year, while hoping to spend $25,106 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: 48/22/30 Blend
62$2,630,000$2,630,000$2,630,000$2,630,000
63$2,901,856$2,762,466$2,721,701$3,016,100
64$3,171,133$2,871,114$2,786,165$3,205,713
65$3,467,034$2,984,245$2,851,948$3,408,796
66$3,792,249$3,102,051$2,919,066$3,628,879
67$4,149,742$3,224,734$2,987,537$3,867,583
68$4,542,775$3,352,505$3,057,379$4,126,688
69$4,974,944$3,485,584$3,128,608$4,408,151
70$5,450,213$3,624,202$3,201,240$4,714,128
71$5,972,945$3,768,598$3,275,292$5,046,987
72$6,547,950$3,919,025$3,350,780$5,409,335
73$7,180,528$4,075,744$3,427,718$5,804,040
74$7,876,516$4,239,029$3,506,120$6,234,260
75$8,642,347$4,409,169$3,586,002$6,703,466
76$9,485,110$4,586,461$3,667,377$7,215,482
77$10,412,614$4,771,220$3,750,256$7,774,515
78$11,433,463$4,963,773$3,834,653$8,385,196
79$12,557,141$5,164,462$3,920,578$9,052,624
80$13,794,093$5,373,645$4,008,042$9,782,409
81$15,155,833$5,591,696$4,097,053$10,580,731
82$16,655,045$5,819,006$4,187,621$11,454,393
83$18,305,706$6,055,983$4,279,753$12,410,884
84$20,123,217$6,303,056$4,373,454$13,458,452
85$22,124,550$6,560,670$4,468,729$14,606,178
86$24,328,404$6,829,294$4,565,582$15,864,064
87$26,755,388$7,109,415$4,664,015$17,243,123
88$29,428,206$7,401,545$4,764,028$18,755,484
89$32,371,880$7,706,218$4,865,621$20,414,505
90$35,613,982$8,023,994$4,968,790$22,234,898
91$39,184,894$8,355,455$5,073,530$24,232,869
92$43,118,096$8,701,214$5,179,835$26,426,264
93$47,450,478$9,061,910$5,287,696$28,834,745
94$52,222,695$9,438,212$5,397,102$31,479,966
95$57,479,544$9,830,819$5,508,039$34,385,780
96$63,270,391$10,240,463$5,620,492$37,578,463
97$69,649,635$10,667,909$5,734,443$41,086,963
98$76,677,220$11,113,959$5,849,869$44,943,165
99$84,419,203$11,579,450$5,966,746$49,182,197
100$92,948,377$12,065,258$6,085,047$53,842,757