Can I retire at age 63 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$219,660$217,704$215,795$213,932$212,112$204,749
2 years$108,743$106,717$104,755$102,852$101,006$93,664
3 years$71,775$69,741$67,783$65,898$64,082$56,992
4 years$53,295$51,267$49,329$47,476$45,704$38,920
5 years$42,210$40,194$38,281$36,466$34,743$28,283
6 years$34,822$32,821$30,937$29,162$27,491$21,360
7 years$29,547$27,563$25,709$23,976$22,358$16,554
8 years$25,593$23,627$21,803$20,113$18,548$13,067
9 years$22,519$20,571$18,779$17,132$15,620$10,455
10 years$20,061$18,133$16,372$14,768$13,309$8,451
11 years$18,051$16,143$14,414$12,852$11,446$6,886
12 years$16,378$14,489$12,792$11,273$9,919$5,646
13 years$14,963$13,094$11,429$9,952$8,650$4,653
14 years$13,751$11,902$10,269$8,835$7,582$3,849
15 years$12,702$10,872$9,271$7,879$6,676$3,195
16 years$11,785$9,975$8,406$7,055$5,900$2,659
17 years$10,976$9,187$7,649$6,339$5,232$2,218
18 years$10,259$8,489$6,982$5,712$4,652$1,853
19 years$9,617$7,868$6,392$5,162$4,146$1,550
20 years$9,040$7,311$5,866$4,675$3,703$1,299
21 years$8,519$6,810$5,396$4,243$3,314$1,089
22 years$8,046$6,357$4,973$3,858$2,971$914
23 years$7,615$5,945$4,592$3,513$2,667$768
24 years$7,220$5,570$4,247$3,204$2,397$646
25 years$6,858$5,227$3,933$2,926$2,157$543
26 years$6,524$4,913$3,648$2,676$1,943$457
27 years$6,215$4,624$3,387$2,449$1,752$384
28 years$5,929$4,357$3,149$2,244$1,580$324
29 years$5,662$4,110$2,930$2,058$1,427$273
30 years$5,415$3,882$2,730$1,888$1,289$230
31 years$5,183$3,669$2,545$1,734$1,166$193
32 years$4,967$3,472$2,374$1,594$1,055$163
33 years$4,764$3,288$2,217$1,466$954$137
34 years$4,573$3,116$2,071$1,349$864$116
35 years$4,394$2,956$1,937$1,242$783$97
36 years$4,225$2,806$1,812$1,143$709$82
37 years$4,065$2,665$1,696$1,053$643$69
38 years$3,914$2,532$1,588$971$583$58
39 years$3,772$2,408$1,488$895$528$49
40 years$3,637$2,291$1,394$826$479$41
41 years$3,508$2,181$1,307$762$435$35
42 years$3,387$2,077$1,226$703$395$29
43 years$3,271$1,979$1,151$649$358$25
44 years$3,160$1,886$1,080$599$325$21
45 years$3,055$1,799$1,014$554$295$18
46 years$2,955$1,716$953$511$268$15
47 years$2,860$1,638$895$472$243$13
48 years$2,768$1,563$841$436$221$11
49 years$2,681$1,493$791$403$201$9
50 years$2,597$1,426$743$373$182$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,660,000, adding $4,058 every year, while hoping to spend $44,719 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: 76/16/8 Blend
62$2,660,000$2,660,000$2,660,000$2,660,000
63$2,935,506$2,794,526$2,753,296$3,154,852
64$3,187,347$2,883,877$2,797,951$3,389,020
65$3,463,377$2,976,107$2,842,602$3,639,504
66$3,766,016$3,071,311$2,887,204$3,912,773
67$4,097,929$3,169,585$2,931,705$4,211,072
68$4,462,053$3,271,030$2,976,052$4,536,870
69$4,861,620$3,375,749$3,020,188$4,892,891
70$5,300,193$3,483,848$3,064,053$5,282,129
71$5,781,696$3,595,439$3,107,581$5,707,884
72$6,310,449$3,710,636$3,150,705$6,173,790
73$6,891,215$3,829,557$3,193,353$6,683,847
74$7,529,237$3,952,324$3,235,449$7,242,463
75$8,230,293$4,079,062$3,276,911$7,854,492
76$9,000,749$4,209,902$3,317,654$8,525,279
77$9,847,618$4,344,979$3,357,587$9,260,712
78$10,778,623$4,484,432$3,396,615$10,067,278
79$11,802,278$4,628,404$3,434,636$10,952,121
80$12,927,958$4,777,044$3,471,545$11,923,111
81$14,165,997$4,930,505$3,507,228$12,988,916
82$15,527,776$5,088,947$3,541,568$14,159,089
83$17,025,837$5,252,534$3,574,438$15,444,150
84$18,673,998$5,421,434$3,605,708$16,855,689
85$20,487,485$5,595,824$3,635,238$18,406,477
86$22,483,073$5,775,883$3,662,883$20,110,582
87$24,679,245$5,961,801$3,688,489$21,983,503
88$27,096,369$6,153,770$3,711,894$24,042,317
89$29,756,884$6,351,990$3,732,928$26,305,838
90$32,685,517$6,556,668$3,751,412$28,794,795
91$35,909,514$6,768,019$3,767,158$31,532,027
92$39,458,896$6,986,264$3,779,970$34,542,700
93$43,366,743$7,211,630$3,789,638$37,854,539
94$47,669,507$7,444,356$3,795,947$41,498,096
95$52,407,352$7,684,684$3,798,666$45,507,032
96$57,624,537$7,932,869$3,797,557$49,918,438
97$63,369,831$8,189,171$3,792,366$54,773,182
98$69,696,975$8,453,862$3,782,831$60,116,295
99$76,665,185$8,727,219$3,768,675$65,997,399
100$84,339,714$9,009,534$3,749,606$72,471,169