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%19.4%
1 years$218,009$216,067$214,172$212,323$210,517$202,565
2 years$107,925$105,915$103,967$102,078$100,246$92,327
3 years$71,235$69,217$67,274$65,403$63,600$55,963
4 years$52,894$50,882$48,958$47,119$45,360$38,063
5 years$41,892$39,892$37,993$36,192$34,482$27,544
6 years$34,560$32,575$30,704$28,943$27,285$20,710
7 years$29,325$27,356$25,515$23,796$22,190$15,977
8 years$25,400$23,449$21,639$19,961$18,408$12,552
9 years$22,349$20,417$18,638$17,003$15,503$9,994
10 years$19,910$17,996$16,249$14,657$13,209$8,038
11 years$17,916$16,021$14,305$12,756$11,360$6,515
12 years$16,255$14,380$12,695$11,188$9,844$5,314
13 years$14,850$12,995$11,343$9,878$8,585$4,355
14 years$13,648$11,812$10,191$8,768$7,525$3,583
15 years$12,606$10,791$9,201$7,820$6,626$2,957
16 years$11,696$9,900$8,342$7,002$5,856$2,446
17 years$10,894$9,118$7,591$6,291$5,192$2,028
18 years$10,181$8,425$6,930$5,669$4,617$1,685
19 years$9,545$7,808$6,344$5,123$4,115$1,401
20 years$8,973$7,256$5,822$4,640$3,676$1,167
21 years$8,455$6,759$5,355$4,211$3,289$973
22 years$7,986$6,309$4,936$3,829$2,948$811
23 years$7,558$5,901$4,557$3,487$2,647$677
24 years$7,166$5,528$4,215$3,180$2,379$566
25 years$6,806$5,188$3,904$2,904$2,141$473
26 years$6,475$4,876$3,620$2,656$1,928$395
27 years$6,168$4,589$3,362$2,431$1,738$330
28 years$5,884$4,324$3,125$2,227$1,569$276
29 years$5,620$4,079$2,908$2,042$1,416$231
30 years$5,374$3,852$2,709$1,874$1,280$193
31 years$5,144$3,642$2,526$1,721$1,157$162
32 years$4,929$3,446$2,356$1,582$1,047$135
33 years$4,728$3,263$2,200$1,455$947$113
34 years$4,539$3,093$2,056$1,339$858$95
35 years$4,361$2,934$1,922$1,232$777$79
36 years$4,193$2,784$1,798$1,135$704$67
37 years$4,035$2,645$1,683$1,046$638$56
38 years$3,885$2,513$1,576$964$578$47
39 years$3,743$2,390$1,476$889$524$39
40 years$3,609$2,274$1,384$820$476$33
41 years$3,482$2,164$1,298$756$432$27
42 years$3,361$2,061$1,217$698$392$23
43 years$3,246$1,964$1,142$644$355$19
44 years$3,137$1,872$1,072$595$323$16
45 years$3,032$1,785$1,007$549$293$13
46 years$2,933$1,703$946$507$266$11
47 years$2,838$1,625$888$469$241$9
48 years$2,747$1,551$835$433$219$8
49 years$2,661$1,482$785$400$199$7
50 years$2,578$1,415$738$370$181$6

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 $6,249 every year, while hoping to spend $44,011 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: 62/8/30 Blend
62$2,640,000$2,640,000$2,640,000$2,640,000
63$2,915,726$2,775,806$2,734,886$3,072,540
64$3,166,303$2,864,993$2,779,677$3,269,229
65$3,440,963$2,957,075$2,824,494$3,478,625
66$3,742,117$3,052,148$2,869,291$3,706,371
67$4,072,420$3,150,310$2,914,018$3,954,274
68$4,434,794$3,251,663$2,958,626$4,224,323
69$4,832,461$3,356,312$3,003,057$4,518,712
70$5,268,967$3,464,367$3,047,255$4,839,855
71$5,748,221$3,575,939$3,091,157$5,190,413
72$6,274,525$3,691,146$3,134,696$5,573,314
73$6,852,622$3,810,108$3,177,804$5,991,788
74$7,487,735$3,932,948$3,220,406$6,449,390
75$8,185,618$4,059,797$3,262,424$6,950,040
76$8,952,610$4,190,786$3,303,774$7,498,053
77$9,795,696$4,326,054$3,344,370$8,098,186
78$10,722,568$4,465,742$3,384,118$8,755,679
79$11,741,704$4,609,998$3,422,920$9,476,307
80$12,862,444$4,758,973$3,460,673$10,266,430
81$14,095,076$4,912,826$3,497,269$11,133,058
82$15,450,938$5,071,718$3,532,591$12,083,916
83$16,942,519$5,235,818$3,566,519$13,127,513
84$18,583,583$5,405,300$3,598,924$14,273,229
85$20,389,292$5,580,343$3,629,672$15,531,397
86$22,376,355$5,761,135$3,658,621$16,913,404
87$24,563,180$5,947,867$3,685,621$18,431,797
88$26,970,050$6,140,739$3,710,516$20,100,404
89$29,619,316$6,339,956$3,733,139$21,934,461
90$32,535,605$6,545,732$3,753,317$23,950,759
91$35,746,051$6,758,288$3,770,868$26,167,798
92$39,280,555$6,977,851$3,785,599$28,605,969
93$43,172,063$7,204,657$3,797,308$31,287,738
94$47,456,879$7,438,951$3,805,783$34,237,866
95$52,175,006$7,680,985$3,810,802$37,483,635
96$57,370,525$7,931,020$3,812,132$41,055,114
97$63,092,006$8,189,328$3,809,526$44,985,436
98$69,392,974$8,456,189$3,802,729$49,311,113
99$76,332,406$8,731,891$3,791,469$54,072,384
100$83,975,293$9,016,735$3,775,465$59,313,589