Can I retire at age 63 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$218,835$216,885$214,983$213,127$211,315$208,415
2 years$108,334$106,316$104,361$102,465$100,626$97,710
3 years$71,505$69,479$67,528$65,650$63,841$60,999
4 years$53,094$51,074$49,143$47,297$45,532$42,786
5 years$42,051$40,043$38,137$36,329$34,613$31,971
6 years$34,691$32,698$30,821$29,053$27,388$24,853
7 years$29,436$27,460$25,612$23,886$22,274$19,847
8 years$25,496$23,538$21,721$20,037$18,478$16,159
9 years$22,434$20,494$18,708$17,067$15,561$13,348
10 years$19,985$18,065$16,310$14,712$13,259$11,151
11 years$17,983$16,082$14,359$12,804$11,403$9,398
12 years$16,316$14,434$12,744$11,231$9,882$7,978
13 years$14,907$13,044$11,386$9,915$8,617$6,811
14 years$13,699$11,857$10,230$8,801$7,554$5,843
15 years$12,654$10,831$9,236$7,849$6,651$5,033
16 years$11,740$9,938$8,374$7,028$5,878$4,349
17 years$10,935$9,152$7,620$6,315$5,212$3,769
18 years$10,220$8,457$6,956$5,691$4,634$3,274
19 years$9,581$7,838$6,368$5,142$4,131$2,851
20 years$9,007$7,283$5,844$4,657$3,689$2,486
21 years$8,487$6,784$5,376$4,227$3,302$2,171
22 years$8,016$6,333$4,954$3,843$2,959$1,899
23 years$7,587$5,923$4,575$3,500$2,657$1,663
24 years$7,193$5,549$4,231$3,192$2,388$1,457
25 years$6,832$5,208$3,918$2,915$2,149$1,278
26 years$6,499$4,895$3,634$2,666$1,935$1,122
27 years$6,192$4,606$3,375$2,440$1,745$986
28 years$5,906$4,341$3,137$2,235$1,575$866
29 years$5,641$4,095$2,919$2,050$1,422$762
30 years$5,394$3,867$2,719$1,881$1,285$670
31 years$5,164$3,656$2,535$1,728$1,161$590
32 years$4,948$3,459$2,365$1,588$1,051$519
33 years$4,746$3,276$2,209$1,460$951$457
34 years$4,556$3,105$2,064$1,344$861$403
35 years$4,377$2,945$1,929$1,237$780$355
36 years$4,209$2,795$1,805$1,139$706$313
37 years$4,050$2,655$1,689$1,050$640$276
38 years$3,900$2,523$1,582$967$580$243
39 years$3,758$2,399$1,482$892$526$214
40 years$3,623$2,282$1,389$823$477$189
41 years$3,495$2,173$1,303$759$433$167
42 years$3,374$2,069$1,222$701$393$147
43 years$3,258$1,971$1,147$647$357$130
44 years$3,149$1,879$1,076$597$324$114
45 years$3,044$1,792$1,011$551$294$101
46 years$2,944$1,710$949$509$267$89
47 years$2,849$1,631$892$471$242$79
48 years$2,758$1,557$838$435$220$69
49 years$2,671$1,487$788$402$200$61
50 years$2,587$1,421$740$371$182$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,650,000, adding $4,557 every year, while hoping to spend $48,875 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: 40/49/11 Blend
62$2,650,000$2,650,000$2,650,000$2,650,000
63$2,925,001$2,784,551$2,743,476$3,032,197
64$3,171,348$2,868,991$2,783,379$3,192,611
65$3,441,185$2,955,931$2,822,982$3,360,857
66$3,736,855$3,045,441$2,862,221$3,541,774
67$4,060,941$3,137,594$2,901,032$3,736,531
68$4,416,286$3,232,465$2,939,346$3,946,410
69$4,806,022$3,330,131$2,977,089$4,172,824
70$5,233,598$3,430,669$3,014,183$4,417,326
71$5,702,813$3,534,160$3,050,546$4,681,620
72$6,217,853$3,640,687$3,086,093$4,967,587
73$6,783,328$3,750,334$3,120,731$5,277,289
74$7,404,316$3,863,189$3,154,364$5,613,001
75$8,086,411$3,979,340$3,186,889$5,977,222
76$8,835,775$4,098,878$3,218,201$6,372,703
77$9,659,198$4,221,897$3,248,184$6,802,472
78$10,564,159$4,348,493$3,276,721$7,269,862
79$11,558,896$4,478,762$3,303,685$7,778,541
80$12,652,489$4,612,807$3,328,943$8,332,548
81$13,854,938$4,750,729$3,352,358$8,936,326
82$15,177,261$4,892,634$3,373,781$9,594,773
83$16,631,598$5,038,630$3,393,059$10,313,275
84$18,231,325$5,188,826$3,410,030$11,097,769
85$19,991,177$5,343,337$3,424,524$11,954,788
86$21,927,393$5,502,276$3,436,362$12,891,530
87$24,057,863$5,665,763$3,445,355$13,915,919
88$26,402,297$5,833,917$3,451,306$15,036,684
89$28,982,415$6,006,863$3,454,009$16,263,439
90$31,822,148$6,184,726$3,453,245$17,606,774
91$34,947,865$6,367,636$3,448,787$19,078,352
92$38,388,621$6,555,724$3,440,395$20,691,021
93$42,176,431$6,749,124$3,427,818$22,458,935
94$46,346,570$6,947,974$3,410,793$24,397,684
95$50,937,910$7,152,415$3,389,045$26,524,443
96$55,993,282$7,362,589$3,362,283$28,858,134
97$61,559,883$7,578,642$3,330,206$31,419,601
98$67,689,719$7,800,723$3,292,496$34,231,809
99$74,440,096$8,028,984$3,248,820$37,320,061
100$81,874,161$8,263,580$3,198,831$40,712,231