Can I retire at age 63 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$218,009$216,067$214,172$212,323$210,517$206,775
2 years$107,925$105,915$103,967$102,078$100,246$96,488
3 years$71,235$69,217$67,274$65,403$63,600$59,944
4 years$52,894$50,882$48,958$47,119$45,360$41,834
5 years$41,892$39,892$37,993$36,192$34,482$31,096
6 years$34,560$32,575$30,704$28,943$27,285$24,042
7 years$29,325$27,356$25,515$23,796$22,190$19,092
8 years$25,400$23,449$21,639$19,961$18,408$15,455
9 years$22,349$20,417$18,638$17,003$15,503$12,692
10 years$19,910$17,996$16,249$14,657$13,209$10,538
11 years$17,916$16,021$14,305$12,756$11,360$8,826
12 years$16,255$14,380$12,695$11,188$9,844$7,444
13 years$14,850$12,995$11,343$9,878$8,585$6,314
14 years$13,648$11,812$10,191$8,768$7,525$5,380
15 years$12,606$10,791$9,201$7,820$6,626$4,602
16 years$11,696$9,900$8,342$7,002$5,856$3,949
17 years$10,894$9,118$7,591$6,291$5,192$3,399
18 years$10,181$8,425$6,930$5,669$4,617$2,931
19 years$9,545$7,808$6,344$5,123$4,115$2,533
20 years$8,973$7,256$5,822$4,640$3,676$2,193
21 years$8,455$6,759$5,355$4,211$3,289$1,901
22 years$7,986$6,309$4,936$3,829$2,948$1,650
23 years$7,558$5,901$4,557$3,487$2,647$1,433
24 years$7,166$5,528$4,215$3,180$2,379$1,246
25 years$6,806$5,188$3,904$2,904$2,141$1,085
26 years$6,475$4,876$3,620$2,656$1,928$945
27 years$6,168$4,589$3,362$2,431$1,738$823
28 years$5,884$4,324$3,125$2,227$1,569$718
29 years$5,620$4,079$2,908$2,042$1,416$626
30 years$5,374$3,852$2,709$1,874$1,280$546
31 years$5,144$3,642$2,526$1,721$1,157$477
32 years$4,929$3,446$2,356$1,582$1,047$416
33 years$4,728$3,263$2,200$1,455$947$364
34 years$4,539$3,093$2,056$1,339$858$318
35 years$4,361$2,934$1,922$1,232$777$278
36 years$4,193$2,784$1,798$1,135$704$243
37 years$4,035$2,645$1,683$1,046$638$212
38 years$3,885$2,513$1,576$964$578$185
39 years$3,743$2,390$1,476$889$524$162
40 years$3,609$2,274$1,384$820$476$142
41 years$3,482$2,164$1,298$756$432$124
42 years$3,361$2,061$1,217$698$392$108
43 years$3,246$1,964$1,142$644$355$95
44 years$3,137$1,872$1,072$595$323$83
45 years$3,032$1,785$1,007$549$293$72
46 years$2,933$1,703$946$507$266$63
47 years$2,838$1,625$888$469$241$55
48 years$2,747$1,551$835$433$219$48
49 years$2,661$1,482$785$400$199$42
50 years$2,578$1,415$738$370$181$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,640,000, adding $6,011 every year, while hoping to spend $26,263 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: 51/39/10 Blend
62$2,640,000$2,640,000$2,640,000$2,640,000
63$2,915,480$2,775,560$2,734,640$3,056,231
64$3,184,916$2,883,619$2,798,307$3,260,990
65$3,480,953$2,996,093$2,863,227$3,480,158
66$3,806,279$3,113,169$2,929,413$3,717,803
67$4,163,851$3,235,046$2,996,880$3,975,669
68$4,556,929$3,361,929$3,065,641$4,255,674
69$4,989,105$3,494,033$3,135,709$4,559,926
70$5,464,335$3,631,582$3,207,097$4,890,742
71$5,986,978$3,774,810$3,279,815$5,250,669
72$6,561,837$3,923,963$3,353,876$5,642,507
73$7,194,204$4,079,297$3,429,290$6,069,336
74$7,889,908$4,241,078$3,506,067$6,534,544
75$8,655,374$4,409,586$3,584,216$7,041,855
76$9,497,680$4,585,113$3,663,744$7,595,369
77$10,424,623$4,767,963$3,744,660$8,199,593
78$11,444,797$4,958,456$3,826,969$8,859,489
79$12,567,671$5,156,925$3,910,676$9,580,514
80$13,803,675$5,363,716$3,995,786$10,368,675
81$15,164,307$5,579,195$4,082,302$11,230,580
82$16,662,231$5,803,741$4,170,224$12,173,506
83$18,311,406$6,037,751$4,259,553$13,205,457
84$20,127,210$6,281,641$4,350,289$14,335,249
85$22,126,588$6,535,845$4,442,427$15,572,581
86$24,328,216$6,800,817$4,535,963$16,928,135
87$26,752,667$7,077,030$4,630,892$18,413,668
88$29,422,617$7,364,982$4,727,204$20,042,125
89$32,363,048$7,665,191$4,824,890$21,827,758
90$35,601,492$7,978,198$4,923,937$23,786,262
91$39,168,286$8,304,572$5,024,330$25,934,916
92$43,096,859$8,644,904$5,126,053$28,292,751
93$47,424,049$8,999,815$5,229,087$30,880,721
94$52,190,449$9,369,952$5,333,408$33,721,902
95$57,440,790$9,755,995$5,438,992$36,841,711
96$63,224,363$10,158,651$5,545,811$40,268,137
97$69,595,486$10,578,663$5,653,834$44,032,008
98$76,614,014$11,016,806$5,763,025$48,167,277
99$84,345,906$11,473,892$5,873,349$52,711,343
100$92,863,844$11,950,768$5,984,761$57,705,398