Can I retire at age 63 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$165,984$164,505$163,063$161,655$160,280$155,461
2 years$82,170$80,640$79,157$77,719$76,324$71,509
3 years$54,236$52,699$51,220$49,795$48,423$43,764
4 years$40,272$38,739$37,275$35,875$34,536$30,068
5 years$31,895$30,372$28,927$27,555$26,253$21,989
6 years$26,313$24,801$23,377$22,036$20,773$16,716
7 years$22,327$20,828$19,427$18,117$16,894$13,044
8 years$19,339$17,853$16,475$15,198$14,016$10,369
9 years$17,016$15,545$14,190$12,945$11,803$8,358
10 years$15,159$13,702$12,371$11,159$10,057$6,807
11 years$13,640$12,198$10,891$9,712$8,649$5,590
12 years$12,376$10,948$9,666$8,518$7,495$4,620
13 years$11,307$9,894$8,636$7,520$6,536$3,838
14 years$10,391$8,993$7,759$6,676$5,729$3,202
15 years$9,598$8,216$7,006$5,954$5,045$2,680
16 years$8,905$7,538$6,352$5,331$4,458$2,250
17 years$8,294$6,942$5,780$4,790$3,953$1,893
18 years$7,752$6,415$5,276$4,317$3,515$1,596
19 years$7,267$5,945$4,830$3,900$3,133$1,348
20 years$6,831$5,524$4,433$3,533$2,798$1,140
21 years$6,438$5,146$4,077$3,206$2,504$965
22 years$6,080$4,803$3,758$2,915$2,245$817
23 years$5,754$4,492$3,470$2,655$2,015$693
24 years$5,456$4,209$3,209$2,421$1,811$588
25 years$5,182$3,950$2,972$2,211$1,630$499
26 years$4,930$3,712$2,756$2,022$1,468$424
27 years$4,696$3,494$2,560$1,851$1,324$360
28 years$4,480$3,292$2,380$1,696$1,194$306
29 years$4,279$3,106$2,214$1,555$1,078$261
30 years$4,091$2,933$2,063$1,427$974$222
31 years$3,917$2,773$1,923$1,311$881$189
32 years$3,753$2,624$1,794$1,204$797$160
33 years$3,600$2,485$1,675$1,108$721$137
34 years$3,456$2,355$1,565$1,019$653$116
35 years$3,320$2,234$1,463$938$591$99
36 years$3,192$2,120$1,369$864$536$84
37 years$3,072$2,013$1,281$796$486$72
38 years$2,958$1,914$1,200$734$440$61
39 years$2,850$1,820$1,124$677$399$52
40 years$2,748$1,731$1,054$624$362$44
41 years$2,651$1,648$988$576$329$38
42 years$2,559$1,569$927$531$298$32
43 years$2,471$1,495$870$490$271$27
44 years$2,388$1,425$816$453$246$23
45 years$2,309$1,359$766$418$223$20
46 years$2,233$1,297$720$386$202$17
47 years$2,161$1,237$676$357$184$14
48 years$2,092$1,181$636$330$167$12
49 years$2,026$1,128$597$305$152$10
50 years$1,962$1,078$562$282$138$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,010,000, adding $4,124 every year, while hoping to spend $24,199 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: 62/29/9 Blend
62$2,010,000$2,010,000$2,010,000$2,010,000
63$2,219,274$2,112,744$2,081,589$2,352,291
64$2,419,892$2,190,521$2,125,575$2,519,528
65$2,640,163$2,271,298$2,170,223$2,698,817
66$2,882,064$2,355,196$2,215,530$2,893,898
67$3,147,777$2,442,343$2,261,492$3,106,298
68$3,439,701$2,532,869$2,308,104$3,337,699
69$3,760,485$2,626,913$2,355,359$3,589,950
70$4,113,040$2,724,618$2,403,250$3,865,084
71$4,500,580$2,826,134$2,451,768$4,165,340
72$4,926,641$2,931,617$2,500,904$4,493,182
73$5,395,121$3,041,228$2,550,647$4,851,322
74$5,910,313$3,155,139$2,600,984$5,242,743
75$6,476,950$3,273,525$2,651,901$5,670,731
76$7,100,242$3,396,571$2,703,383$6,138,901
77$7,785,933$3,524,470$2,755,413$6,651,235
78$8,540,352$3,657,422$2,807,973$7,212,116
79$9,370,468$3,795,636$2,861,041$7,826,368
80$10,283,965$3,939,332$2,914,595$8,499,305
81$11,289,307$4,088,736$2,968,611$9,236,776
82$12,395,820$4,244,088$3,023,063$10,045,225
83$13,613,779$4,405,634$3,077,921$10,931,744
84$14,954,508$4,573,633$3,133,155$11,904,146
85$16,430,484$4,748,357$3,188,731$12,971,035
86$18,055,453$4,930,086$3,244,614$14,141,886
87$19,844,565$5,119,116$3,300,764$15,427,135
88$21,814,510$5,315,753$3,357,140$16,838,277
89$23,983,683$5,520,318$3,413,697$18,387,971
90$26,372,351$5,733,145$3,470,388$20,090,164
91$29,002,846$5,954,585$3,527,161$21,960,214
92$31,899,778$6,185,001$3,583,962$24,015,043
93$35,090,264$6,424,775$3,640,734$26,273,288
94$38,604,186$6,674,304$3,697,413$28,755,482
95$42,474,472$6,934,003$3,753,935$31,484,242
96$46,737,405$7,204,307$3,810,230$34,484,485
97$51,432,970$7,485,667$3,866,222$37,783,659
98$56,605,225$7,778,557$3,921,832$41,412,005
99$62,302,722$8,083,471$3,976,978$45,402,837
100$68,578,963$8,400,923$4,031,569$49,792,859