Can I retire at age 63 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$198,190$196,424$194,702$193,021$191,379$189,302
2 years$98,114$96,286$94,516$92,799$91,133$89,041
3 years$64,759$62,924$61,158$59,457$57,819$55,778
4 years$48,086$46,256$44,507$42,835$41,237$39,262
5 years$38,084$36,265$34,539$32,902$31,347$29,445
6 years$31,418$29,613$27,913$26,312$24,804$22,976
7 years$26,659$24,869$23,196$21,632$20,172$18,420
8 years$23,091$21,318$19,672$18,147$16,735$15,057
9 years$20,318$18,561$16,943$15,457$14,093$12,490
10 years$18,100$16,360$14,772$13,324$12,008$10,478
11 years$16,287$14,565$13,005$11,596$10,327$8,870
12 years$14,777$13,072$11,541$10,171$8,950$7,563
13 years$13,500$11,814$10,311$8,980$7,804$6,486
14 years$12,407$10,738$9,265$7,971$6,841$5,590
15 years$11,460$9,810$8,365$7,109$6,023$4,838
16 years$10,633$9,000$7,584$6,365$5,324$4,201
17 years$9,904$8,289$6,901$5,719$4,720$3,659
18 years$9,256$7,659$6,300$5,154$4,197$3,195
19 years$8,677$7,099$5,767$4,657$3,741$2,795
20 years$8,157$6,596$5,293$4,218$3,341$2,450
21 years$7,687$6,144$4,868$3,828$2,990$2,151
22 years$7,260$5,735$4,487$3,481$2,680$1,892
23 years$6,871$5,364$4,143$3,170$2,406$1,665
24 years$6,515$5,026$3,832$2,891$2,163$1,467
25 years$6,188$4,717$3,549$2,640$1,946$1,294
26 years$5,886$4,433$3,291$2,414$1,753$1,142
27 years$5,607$4,172$3,056$2,210$1,580$1,009
28 years$5,349$3,931$2,841$2,025$1,426$892
29 years$5,109$3,708$2,644$1,857$1,288$789
30 years$4,885$3,502$2,463$1,704$1,163$698
31 years$4,677$3,311$2,296$1,565$1,052$618
32 years$4,481$3,133$2,142$1,438$951$547
33 years$4,298$2,967$2,000$1,323$861$485
34 years$4,126$2,812$1,869$1,217$780$430
35 years$3,964$2,667$1,747$1,120$706$381
36 years$3,812$2,531$1,634$1,032$640$337
37 years$3,668$2,404$1,530$951$580$299
38 years$3,532$2,285$1,433$876$526$265
39 years$3,403$2,173$1,342$808$477$235
40 years$3,281$2,067$1,258$745$432$209
41 years$3,165$1,968$1,180$687$392$185
42 years$3,056$1,874$1,107$634$356$164
43 years$2,951$1,785$1,038$586$323$146
44 years$2,852$1,702$975$541$293$129
45 years$2,757$1,623$915$499$266$115
46 years$2,666$1,548$860$461$242$102
47 years$2,580$1,477$808$426$219$91
48 years$2,498$1,410$759$394$199$80
49 years$2,419$1,347$713$364$181$71
50 years$2,343$1,287$671$336$164$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,400,000, adding $2,558 every year, while hoping to spend $53,692 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: 65/8/27 Blend
62$2,400,000$2,400,000$2,400,000$2,400,000
63$2,647,439$2,520,239$2,483,039$2,800,529
64$2,860,349$2,586,602$2,509,092$2,970,614
65$3,093,178$2,654,419$2,534,220$3,150,234
66$3,347,898$2,723,701$2,558,332$3,345,380
67$3,626,686$2,794,464$2,581,338$3,557,586
68$3,931,934$2,866,720$2,603,140$3,788,539
69$4,266,281$2,940,479$2,623,635$4,040,102
70$4,632,630$3,015,750$2,642,714$4,314,325
71$5,034,178$3,092,543$2,660,266$4,613,468
72$5,474,449$3,170,862$2,676,169$4,940,022
73$5,957,322$3,250,713$2,690,300$5,296,730
74$6,487,068$3,332,097$2,702,524$5,686,617
75$7,068,394$3,415,015$2,712,704$6,113,015
76$7,706,485$3,499,465$2,720,694$6,579,596
77$8,407,050$3,585,443$2,726,341$7,090,409
78$9,176,380$3,672,940$2,729,484$7,649,913
79$10,021,403$3,761,946$2,729,954$8,263,024
80$10,949,753$3,852,449$2,727,574$8,935,159
81$11,969,839$3,944,430$2,722,159$9,672,289
82$13,090,925$4,037,869$2,713,514$10,480,994
83$14,323,217$4,132,743$2,701,434$11,368,525
84$15,677,958$4,229,020$2,685,706$12,342,874
85$17,167,537$4,326,670$2,666,105$13,412,850
86$18,805,602$4,425,653$2,642,395$14,588,160
87$20,607,189$4,525,925$2,614,331$15,879,502
88$22,588,866$4,627,439$2,581,654$17,298,669
89$24,768,885$4,730,138$2,544,095$18,858,655
90$27,167,359$4,833,963$2,501,369$20,573,782
91$29,806,447$4,938,844$2,453,183$22,459,836
92$32,710,564$5,044,707$2,399,224$24,534,212
93$35,906,613$5,151,469$2,339,169$26,816,083
94$39,424,236$5,259,039$2,272,679$29,326,580
95$43,296,093$5,367,317$2,199,399$32,088,991
96$47,558,172$5,476,194$2,118,957$35,128,982
97$52,250,130$5,585,551$2,030,966$38,474,839
98$57,415,659$5,695,259$1,935,019$42,157,738
99$63,102,906$5,805,177$1,830,693$46,212,035
100$69,364,925$5,915,153$1,717,543$50,675,597