Can I retire at age 63 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$221,312$219,341$217,417$215,540$213,707$211,828
2 years$109,560$107,520$105,542$103,625$101,765$99,872
3 years$72,315$70,265$68,293$66,394$64,564$62,715
4 years$53,696$51,653$49,700$47,833$46,048$44,257
5 years$42,527$40,496$38,569$36,740$35,005$33,278
6 years$35,084$33,068$31,170$29,381$27,698$26,037
7 years$29,769$27,771$25,902$24,156$22,526$20,931
8 years$25,785$23,805$21,967$20,264$18,687$17,159
9 years$22,688$20,726$18,920$17,260$15,737$14,276
10 years$20,212$18,269$16,495$14,879$13,409$12,013
11 years$18,187$16,264$14,522$12,949$11,532$10,200
12 years$16,501$14,598$12,888$11,358$9,994$8,724
13 years$15,075$13,192$11,514$10,027$8,715$7,507
14 years$13,855$11,991$10,346$8,901$7,639$6,491
15 years$12,797$10,954$9,341$7,938$6,726$5,637
16 years$11,873$10,050$8,469$7,108$5,945$4,912
17 years$11,059$9,256$7,706$6,386$5,271$4,293
18 years$10,336$8,553$7,035$5,755$4,687$3,761
19 years$9,689$7,927$6,440$5,200$4,177$3,303
20 years$9,108$7,366$5,910$4,710$3,731$2,906
21 years$8,584$6,861$5,436$4,275$3,339$2,561
22 years$8,107$6,404$5,011$3,887$2,993$2,260
23 years$7,672$5,990$4,626$3,540$2,687$1,997
24 years$7,275$5,612$4,279$3,228$2,415$1,767
25 years$6,909$5,267$3,963$2,948$2,173$1,564
26 years$6,573$4,950$3,675$2,696$1,957$1,386
27 years$6,262$4,658$3,413$2,468$1,765$1,230
28 years$5,973$4,390$3,173$2,261$1,592$1,091
29 years$5,705$4,141$2,952$2,073$1,438$969
30 years$5,455$3,911$2,750$1,903$1,299$861
31 years$5,222$3,697$2,564$1,747$1,175$765
32 years$5,004$3,498$2,392$1,606$1,062$680
33 years$4,799$3,313$2,234$1,477$962$605
34 years$4,607$3,140$2,087$1,359$871$539
35 years$4,427$2,978$1,951$1,251$789$479
36 years$4,256$2,827$1,825$1,152$714$427
37 years$4,096$2,685$1,708$1,061$648$380
38 years$3,944$2,551$1,600$978$587$338
39 years$3,800$2,426$1,499$902$532$301
40 years$3,664$2,308$1,405$832$483$269
41 years$3,535$2,197$1,317$768$438$239
42 years$3,412$2,093$1,236$708$397$213
43 years$3,295$1,994$1,160$654$361$190
44 years$3,184$1,900$1,088$604$327$169
45 years$3,078$1,812$1,022$558$297$151
46 years$2,977$1,729$960$515$270$135
47 years$2,881$1,650$902$476$245$120
48 years$2,789$1,575$847$440$223$107
49 years$2,701$1,504$797$406$202$95
50 years$2,617$1,437$749$376$184$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,680,000, adding $5,630 every year, while hoping to spend $45,600 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: 69/6/25 Blend
62$2,680,000$2,680,000$2,680,000$2,680,000
63$2,959,167$2,817,127$2,775,587$3,144,070
64$3,212,484$2,906,649$2,820,051$3,358,248
65$3,490,111$2,999,028$2,864,477$3,586,767
66$3,794,480$3,094,357$2,908,814$3,835,788
67$4,128,268$3,192,732$2,953,010$4,107,337
68$4,494,425$3,294,250$2,997,010$4,403,651
69$4,896,200$3,399,011$3,040,753$4,727,189
70$5,337,171$3,507,122$3,084,177$5,080,665
71$5,821,281$3,618,689$3,127,215$5,467,065
72$6,352,870$3,733,824$3,169,796$5,889,678
73$6,936,723$3,852,641$3,211,845$6,352,131
74$7,578,109$3,975,261$3,253,281$6,858,417
75$8,282,832$4,101,804$3,294,022$7,412,936
76$9,057,287$4,232,399$3,333,978$8,020,535
77$9,908,520$4,367,176$3,373,055$8,686,555
78$10,844,290$4,506,269$3,411,154$9,416,882
79$11,873,150$4,649,818$3,448,170$10,217,998
80$13,004,520$4,797,968$3,483,993$11,097,048
81$14,248,779$4,950,867$3,518,505$12,061,904
82$15,617,364$5,108,668$3,551,584$13,121,238
83$17,122,873$5,271,531$3,583,100$14,284,609
84$18,779,189$5,439,619$3,612,917$15,562,547
85$20,601,608$5,613,102$3,640,891$16,966,657
86$22,606,982$5,792,154$3,666,871$18,509,725
87$24,813,880$5,976,956$3,690,697$20,205,841
88$27,242,763$6,167,694$3,712,203$22,070,531
89$29,916,175$6,364,561$3,731,211$24,120,905
90$32,858,957$6,567,756$3,747,539$26,375,816
91$36,098,479$6,777,484$3,760,990$28,856,039
92$39,664,901$6,993,959$3,771,360$31,584,468
93$43,591,457$7,217,398$3,778,437$34,586,332
94$47,914,764$7,448,030$3,781,993$37,889,430
95$52,675,174$7,686,087$3,781,793$41,524,398
96$57,917,148$7,931,811$3,777,590$45,524,997
97$63,689,680$8,185,453$3,769,122$49,928,428
98$70,046,757$8,447,270$3,756,118$54,775,689
99$77,047,870$8,717,530$3,738,291$60,111,957
100$84,758,570$8,996,506$3,715,341$65,987,019