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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$218,835$216,885$214,983$213,127$211,315$206,795
2 years$108,334$106,316$104,361$102,465$100,626$96,094
3 years$71,505$69,479$67,528$65,650$63,841$59,439
4 years$53,094$51,074$49,143$47,297$45,532$41,293
5 years$42,051$40,043$38,137$36,329$34,613$30,550
6 years$34,691$32,698$30,821$29,053$27,388$23,505
7 years$29,436$27,460$25,612$23,886$22,274$18,571
8 years$25,496$23,538$21,721$20,037$18,478$14,955
9 years$22,434$20,494$18,708$17,067$15,561$12,215
10 years$19,985$18,065$16,310$14,712$13,259$10,086
11 years$17,983$16,082$14,359$12,804$11,403$8,400
12 years$16,316$14,434$12,744$11,231$9,882$7,043
13 years$14,907$13,044$11,386$9,915$8,617$5,938
14 years$13,699$11,857$10,230$8,801$7,554$5,029
15 years$12,654$10,831$9,236$7,849$6,651$4,275
16 years$11,740$9,938$8,374$7,028$5,878$3,646
17 years$10,935$9,152$7,620$6,315$5,212$3,117
18 years$10,220$8,457$6,956$5,691$4,634$2,671
19 years$9,581$7,838$6,368$5,142$4,131$2,293
20 years$9,007$7,283$5,844$4,657$3,689$1,971
21 years$8,487$6,784$5,376$4,227$3,302$1,697
22 years$8,016$6,333$4,954$3,843$2,959$1,463
23 years$7,587$5,923$4,575$3,500$2,657$1,262
24 years$7,193$5,549$4,231$3,192$2,388$1,090
25 years$6,832$5,208$3,918$2,915$2,149$942
26 years$6,499$4,895$3,634$2,666$1,935$814
27 years$6,192$4,606$3,375$2,440$1,745$704
28 years$5,906$4,341$3,137$2,235$1,575$610
29 years$5,641$4,095$2,919$2,050$1,422$528
30 years$5,394$3,867$2,719$1,881$1,285$457
31 years$5,164$3,656$2,535$1,728$1,161$396
32 years$4,948$3,459$2,365$1,588$1,051$343
33 years$4,746$3,276$2,209$1,460$951$298
34 years$4,556$3,105$2,064$1,344$861$258
35 years$4,377$2,945$1,929$1,237$780$224
36 years$4,209$2,795$1,805$1,139$706$194
37 years$4,050$2,655$1,689$1,050$640$168
38 years$3,900$2,523$1,582$967$580$146
39 years$3,758$2,399$1,482$892$526$127
40 years$3,623$2,282$1,389$823$477$110
41 years$3,495$2,173$1,303$759$433$95
42 years$3,374$2,069$1,222$701$393$83
43 years$3,258$1,971$1,147$647$357$72
44 years$3,149$1,879$1,076$597$324$62
45 years$3,044$1,792$1,011$551$294$54
46 years$2,944$1,710$949$509$267$47
47 years$2,849$1,631$892$471$242$41
48 years$2,758$1,557$838$435$220$35
49 years$2,671$1,487$788$402$200$31
50 years$2,587$1,421$740$371$182$27

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 $6,685 every year, while hoping to spend $41,169 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: 63/8/29 Blend
62$2,650,000$2,650,000$2,650,000$2,650,000
63$2,927,196$2,786,746$2,745,671$3,088,480
64$3,181,966$2,879,493$2,793,847$3,291,529
65$3,461,343$2,975,404$2,842,258$3,508,155
66$3,767,794$3,074,593$2,890,867$3,743,915
67$4,104,034$3,177,173$2,939,636$4,000,693
68$4,473,056$3,283,265$2,988,525$4,280,564
69$4,878,157$3,392,994$3,037,489$4,585,815
70$5,322,967$3,506,489$3,086,483$4,918,963
71$5,811,485$3,623,882$3,135,456$5,282,780
72$6,348,118$3,745,314$3,184,355$5,680,323
73$6,937,719$3,870,927$3,233,123$6,114,955
74$7,585,635$4,000,871$3,281,702$6,590,384
75$8,297,757$4,135,301$3,330,026$7,110,693
76$9,080,574$4,274,378$3,378,029$7,680,382
77$9,941,237$4,418,267$3,425,637$8,304,406
78$10,887,623$4,567,141$3,472,775$8,988,226
79$11,928,410$4,721,181$3,519,363$9,737,859
80$13,073,161$4,880,571$3,565,314$10,559,932
81$14,332,409$5,045,505$3,610,538$11,461,750
82$15,717,763$5,216,183$3,654,939$12,451,359
83$17,242,012$5,392,813$3,698,417$13,537,626
84$18,919,246$5,575,610$3,740,863$14,730,319
85$20,764,993$5,764,799$3,782,166$16,040,203
86$22,796,360$5,960,611$3,822,206$17,479,138
87$25,032,196$6,163,289$3,860,857$19,060,196
88$27,493,272$6,373,082$3,897,988$20,797,776
89$30,202,473$6,590,250$3,933,457$22,707,747
90$33,185,016$6,815,063$3,967,119$24,807,597
91$36,468,688$7,047,802$3,998,818$27,116,592
92$40,084,107$7,288,757$4,028,391$29,655,965
93$44,065,011$7,538,230$4,055,667$32,449,114
94$48,448,575$7,796,536$4,080,465$35,521,821
95$53,275,763$8,064,001$4,102,594$38,902,496
96$58,591,717$8,340,962$4,121,857$42,622,446
97$64,446,175$8,627,772$4,138,042$46,716,172
98$70,893,948$8,924,796$4,150,929$51,221,691
99$77,995,433$9,232,414$4,160,288$56,180,897
100$85,817,184$9,551,019$4,165,874$61,639,956