Can I retire at age 63 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$222,138$220,159$218,229$216,344$214,504$207,888
2 years$109,969$107,921$105,936$104,012$102,145$95,537
3 years$72,585$70,528$68,548$66,641$64,805$58,412
4 years$53,896$51,845$49,885$48,011$46,219$40,091
5 years$42,686$40,647$38,713$36,877$35,135$29,288
6 years$35,215$33,192$31,286$29,491$27,801$22,241
7 years$29,880$27,874$25,999$24,246$22,610$17,335
8 years$25,881$23,893$22,049$20,340$18,757$13,765
9 years$22,773$20,803$18,991$17,325$15,796$11,081
10 years$20,287$18,337$16,557$14,934$13,459$9,014
11 years$18,255$16,325$14,576$12,997$11,575$7,392
12 years$16,562$14,652$12,936$11,400$10,031$6,101
13 years$15,132$13,241$11,557$10,065$8,747$5,062
14 years$13,906$12,036$10,384$8,934$7,668$4,217
15 years$12,845$10,995$9,376$7,968$6,751$3,525
16 years$11,918$10,088$8,500$7,134$5,967$2,955
17 years$11,100$9,290$7,735$6,410$5,291$2,483
18 years$10,374$8,585$7,061$5,777$4,704$2,090
19 years$9,726$7,956$6,464$5,220$4,193$1,762
20 years$9,142$7,393$5,932$4,728$3,745$1,488
21 years$8,616$6,887$5,457$4,291$3,352$1,257
22 years$8,137$6,428$5,029$3,901$3,004$1,064
23 years$7,701$6,012$4,644$3,553$2,697$901
24 years$7,302$5,633$4,295$3,240$2,424$763
25 years$6,935$5,286$3,978$2,959$2,181$647
26 years$6,597$4,968$3,689$2,706$1,965$549
27 years$6,285$4,676$3,426$2,477$1,771$465
28 years$5,995$4,406$3,185$2,269$1,598$395
29 years$5,726$4,157$2,963$2,081$1,443$335
30 years$5,476$3,925$2,760$1,910$1,304$285
31 years$5,242$3,711$2,573$1,754$1,179$242
32 years$5,023$3,511$2,401$1,612$1,066$205
33 years$4,817$3,325$2,242$1,482$965$175
34 years$4,625$3,152$2,095$1,364$874$148
35 years$4,443$2,989$1,958$1,256$791$126
36 years$4,272$2,837$1,832$1,156$717$107
37 years$4,111$2,695$1,715$1,065$650$91
38 years$3,959$2,561$1,606$982$589$77
39 years$3,814$2,435$1,504$905$534$66
40 years$3,678$2,317$1,410$835$485$56
41 years$3,548$2,205$1,322$771$440$48
42 years$3,425$2,100$1,240$711$399$40
43 years$3,308$2,001$1,164$656$362$34
44 years$3,196$1,908$1,092$606$329$29
45 years$3,090$1,819$1,026$560$298$25
46 years$2,989$1,735$963$517$271$21
47 years$2,892$1,656$905$478$246$18
48 years$2,799$1,581$851$441$223$15
49 years$2,711$1,510$799$408$203$13
50 years$2,626$1,442$752$377$184$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,690,000, adding $5,221 every year, while hoping to spend $51,188 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: 62/31/7 Blend
62$2,690,000$2,690,000$2,690,000$2,690,000
63$2,969,765$2,827,195$2,785,500$3,149,520
64$3,218,218$2,911,264$2,824,351$3,354,256
65$3,490,297$2,997,737$2,862,788$3,571,191
66$3,788,358$3,086,677$2,900,742$3,806,650
67$4,114,997$3,178,150$2,938,143$4,062,421
68$4,473,069$3,272,222$2,974,913$4,340,474
69$4,865,723$3,368,962$3,010,974$4,642,975
70$5,296,424$3,468,438$3,046,238$4,972,309
71$5,768,990$3,570,723$3,080,618$5,331,101
72$6,287,626$3,675,887$3,114,018$5,722,241
73$6,856,964$3,784,006$3,146,338$6,148,911
74$7,482,107$3,895,155$3,177,473$6,614,613
75$8,168,675$4,009,411$3,207,311$7,123,207
76$8,922,860$4,126,852$3,235,736$7,678,938
77$9,751,482$4,247,558$3,262,624$8,286,485
78$10,662,057$4,371,612$3,287,845$8,950,998
79$11,662,861$4,499,096$3,311,263$9,678,153
80$12,763,016$4,630,094$3,332,733$10,474,196
81$13,972,569$4,764,694$3,352,105$11,346,010
82$15,302,589$4,902,982$3,369,219$12,301,176
83$16,765,273$5,045,049$3,383,908$13,348,044
84$18,374,059$5,190,984$3,395,996$14,495,812
85$20,143,750$5,340,879$3,405,300$15,754,611
86$22,090,660$5,494,829$3,411,624$17,135,604
87$24,232,760$5,652,929$3,414,766$18,651,086
88$26,589,853$5,815,274$3,414,513$20,314,604
89$29,183,758$5,981,962$3,410,639$22,141,080
90$32,038,516$6,153,093$3,402,910$24,146,957
91$35,180,617$6,328,767$3,391,080$26,350,348
92$38,639,249$6,509,086$3,374,890$28,771,211
93$42,446,573$6,694,151$3,354,069$31,431,532
94$46,638,027$6,884,068$3,328,334$34,355,539
95$51,252,659$7,078,941$3,297,386$37,569,923
96$56,333,496$7,278,875$3,260,915$41,104,094
97$61,927,950$7,483,977$3,218,593$44,990,459
98$68,088,264$7,694,356$3,170,079$49,264,721
99$74,872,006$7,910,118$3,115,016$53,966,222
100$82,342,610$8,131,373$3,053,028$59,138,313