Can I retire at age 63 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$202,319$200,517$198,758$197,042$195,366$191,109
2 years$100,158$98,292$96,485$94,732$93,032$88,764
3 years$66,109$64,235$62,432$60,696$59,023$54,879
4 years$49,087$47,220$45,434$43,728$42,096$38,106
5 years$38,877$37,021$35,259$33,587$32,001$28,177
6 years$32,073$30,230$28,495$26,860$25,321$21,667
7 years$27,214$25,387$23,679$22,083$20,593$17,110
8 years$23,572$21,762$20,082$18,525$17,084$13,770
9 years$20,741$18,947$17,296$15,779$14,387$11,240
10 years$18,477$16,701$15,079$13,602$12,258$9,276
11 years$16,626$14,868$13,276$11,838$10,543$7,720
12 years$15,085$13,345$11,782$10,383$9,136$6,469
13 years$13,782$12,060$10,526$9,167$7,967$5,450
14 years$12,666$10,962$9,458$8,137$6,984$4,613
15 years$11,699$10,014$8,539$7,257$6,149$3,919
16 years$10,854$9,188$7,742$6,498$5,434$3,339
17 years$10,110$8,462$7,045$5,838$4,819$2,853
18 years$9,449$7,819$6,431$5,261$4,284$2,443
19 years$8,858$7,246$5,887$4,754$3,819$2,095
20 years$8,327$6,734$5,403$4,306$3,411$1,800
21 years$7,847$6,272$4,970$3,908$3,052$1,549
22 years$7,411$5,855$4,580$3,553$2,736$1,334
23 years$7,014$5,476$4,229$3,236$2,456$1,150
24 years$6,650$5,131$3,911$2,951$2,208$992
25 years$6,316$4,815$3,623$2,695$1,987$857
26 years$6,009$4,525$3,360$2,464$1,789$740
27 years$5,724$4,259$3,120$2,256$1,613$640
28 years$5,461$4,013$2,900$2,067$1,456$553
29 years$5,215$3,786$2,699$1,895$1,314$479
30 years$4,987$3,575$2,514$1,739$1,188$414
31 years$4,774$3,380$2,344$1,597$1,074$359
32 years$4,575$3,198$2,187$1,468$971$310
33 years$4,388$3,029$2,042$1,350$879$269
34 years$4,212$2,870$1,908$1,242$796$233
35 years$4,047$2,722$1,784$1,143$721$202
36 years$3,891$2,584$1,669$1,053$653$175
37 years$3,744$2,454$1,562$970$592$152
38 years$3,605$2,332$1,462$894$537$131
39 years$3,474$2,218$1,370$825$487$114
40 years$3,350$2,110$1,284$761$441$99
41 years$3,231$2,009$1,204$702$400$86
42 years$3,119$1,913$1,130$648$363$74
43 years$3,013$1,823$1,060$598$330$64
44 years$2,911$1,737$995$552$299$56
45 years$2,814$1,657$934$510$272$48
46 years$2,722$1,580$877$471$247$42
47 years$2,634$1,508$824$435$224$36
48 years$2,550$1,440$775$402$203$32
49 years$2,469$1,375$728$372$185$27
50 years$2,392$1,313$685$343$168$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,450,000, adding $2,776 every year, while hoping to spend $34,490 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: 62/30/8 Blend
62$2,450,000$2,450,000$2,450,000$2,450,000
63$2,702,763$2,572,913$2,534,938$2,865,690
64$2,941,748$2,662,289$2,583,162$3,064,277
65$3,203,953$2,754,888$2,631,845$3,276,685
66$3,491,711$2,850,832$2,680,966$3,507,644
67$3,807,591$2,950,248$2,730,503$3,758,946
68$4,154,421$3,053,266$2,780,431$4,032,564
69$4,535,319$3,160,023$2,830,723$4,330,670
70$4,953,719$3,270,662$2,881,349$4,655,650
71$5,413,403$3,385,329$2,932,280$5,010,134
72$5,918,539$3,504,179$2,983,480$5,397,014
73$6,473,718$3,627,372$3,034,914$5,819,475
74$7,083,996$3,755,072$3,086,543$6,281,020
75$7,754,947$3,887,453$3,138,325$6,785,510
76$8,492,708$4,024,696$3,190,216$7,337,189
77$9,304,045$4,166,986$3,242,168$7,940,736
78$10,196,407$4,314,518$3,294,130$8,601,298
79$11,178,006$4,467,495$3,346,049$9,324,544
80$12,257,887$4,626,126$3,397,866$10,116,716
81$13,446,018$4,790,633$3,449,521$10,984,688
82$14,753,379$4,961,241$3,500,947$11,936,030
83$16,192,071$5,138,189$3,552,076$12,979,078
84$17,775,426$5,321,724$3,602,835$14,123,012
85$19,518,133$5,512,103$3,653,144$15,377,945
86$21,436,380$5,709,593$3,702,921$16,755,012
87$23,548,001$5,914,473$3,752,079$18,266,480
88$25,872,648$6,127,033$3,800,524$19,925,860
89$28,431,975$6,347,575$3,848,160$21,748,035
90$31,249,845$6,576,414$3,894,880$23,749,396
91$34,352,547$6,813,877$3,940,577$25,948,003
92$37,769,055$7,060,305$3,985,135$28,363,748
93$41,531,292$7,316,053$4,028,430$31,018,545
94$45,674,435$7,581,491$4,070,334$33,936,533
95$50,237,248$7,857,005$4,110,711$37,144,308
96$55,262,445$8,142,995$4,149,417$40,671,169
97$60,797,093$8,439,881$4,186,301$44,549,393
98$66,893,058$8,748,097$4,221,204$48,814,541
99$73,607,494$9,068,097$4,253,958$53,505,792
100$81,003,379$9,400,355$4,284,387$58,666,310