Can I retire at age 63 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$205,622$203,790$202,003$200,259$198,556$190,829
2 years$101,793$99,897$98,060$96,278$94,551$86,859
3 years$67,188$65,284$63,451$61,687$59,987$52,573
4 years$49,889$47,991$46,176$44,442$42,783$35,703
5 years$39,512$37,625$35,835$34,135$32,523$25,795
6 years$32,596$30,724$28,960$27,298$25,734$19,363
7 years$27,659$25,802$24,066$22,444$20,929$14,912
8 years$23,957$22,117$20,410$18,827$17,363$11,695
9 years$21,079$19,257$17,579$16,037$14,622$9,294
10 years$18,779$16,974$15,326$13,824$12,458$7,461
11 years$16,898$15,111$13,492$12,031$10,715$6,036
12 years$15,331$13,563$11,974$10,553$9,285$4,913
13 years$14,007$12,257$10,698$9,316$8,097$4,018
14 years$12,872$11,141$9,612$8,270$7,098$3,299
15 years$11,890$10,178$8,679$7,375$6,249$2,716
16 years$11,032$9,338$7,868$6,604$5,523$2,243
17 years$10,275$8,600$7,160$5,934$4,897$1,855
18 years$9,603$7,946$6,536$5,347$4,354$1,538
19 years$9,002$7,365$5,984$4,832$3,881$1,276
20 years$8,463$6,844$5,491$4,376$3,467$1,060
21 years$7,975$6,375$5,051$3,972$3,102$881
22 years$7,532$5,950$4,655$3,611$2,781$734
23 years$7,129$5,565$4,298$3,289$2,496$611
24 years$6,759$5,214$3,975$2,999$2,244$509
25 years$6,420$4,893$3,682$2,739$2,019$424
26 years$6,107$4,599$3,415$2,505$1,819$354
27 years$5,818$4,328$3,171$2,293$1,640$295
28 years$5,550$4,078$2,948$2,100$1,479$246
29 years$5,301$3,848$2,743$1,926$1,336$205
30 years$5,069$3,634$2,555$1,768$1,207$171
31 years$4,852$3,435$2,382$1,624$1,091$143
32 years$4,649$3,250$2,223$1,492$987$120
33 years$4,459$3,078$2,075$1,372$893$100
34 years$4,281$2,917$1,939$1,262$809$83
35 years$4,113$2,767$1,813$1,162$733$70
36 years$3,955$2,626$1,696$1,070$664$58
37 years$3,805$2,494$1,587$986$602$49
38 years$3,664$2,370$1,486$909$545$41
39 years$3,531$2,254$1,393$838$495$34
40 years$3,404$2,145$1,305$773$449$28
41 years$3,284$2,041$1,224$713$407$24
42 years$3,170$1,944$1,148$658$369$20
43 years$3,062$1,852$1,077$608$335$16
44 years$2,958$1,766$1,011$561$304$14
45 years$2,860$1,684$950$518$276$12
46 years$2,766$1,606$892$479$251$10
47 years$2,677$1,533$838$442$228$8
48 years$2,591$1,463$787$409$207$7
49 years$2,509$1,397$740$378$188$6
50 years$2,431$1,335$696$349$171$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,490,000, adding $5,865 every year, while hoping to spend $32,297 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: 28/45/27 Blend
62$2,490,000$2,490,000$2,490,000$2,490,000
63$2,750,030$2,618,060$2,579,465$2,803,830
64$2,996,169$2,711,981$2,631,513$2,941,049
65$3,266,332$2,809,422$2,684,223$3,085,180
66$3,562,935$2,910,521$2,737,581$3,239,380
67$3,888,640$3,015,422$2,791,576$3,404,534
68$4,246,379$3,124,275$2,846,191$3,581,613
69$4,639,382$3,237,236$2,901,410$3,771,683
70$5,071,206$3,354,469$2,957,216$3,975,914
71$5,545,774$3,476,142$3,013,587$4,195,590
72$6,067,402$3,602,432$3,070,501$4,432,121
73$6,640,849$3,733,524$3,127,935$4,687,055
74$7,271,356$3,869,607$3,185,862$4,962,092
75$7,964,700$4,010,883$3,244,253$5,259,101
76$8,727,242$4,157,559$3,303,078$5,580,135
77$9,565,992$4,309,851$3,362,303$5,927,449
78$10,488,675$4,467,985$3,421,892$6,303,525
79$11,503,801$4,632,198$3,481,806$6,711,087
80$12,620,746$4,802,732$3,542,004$7,153,133
81$13,849,841$4,979,846$3,602,440$7,632,959
82$15,202,470$5,163,803$3,663,067$8,154,191
83$16,691,176$5,354,883$3,723,834$8,720,814
84$18,329,778$5,553,375$3,784,684$9,337,216
85$20,133,505$5,759,580$3,845,561$10,008,220
86$22,119,136$5,973,813$3,906,400$10,739,136
87$24,305,159$6,196,401$3,967,137$11,535,804
88$26,711,948$6,427,687$4,027,698$12,404,653
89$29,361,951$6,668,028$4,088,010$13,352,756
90$32,279,904$6,917,795$4,147,992$14,387,900
91$35,493,063$7,177,377$4,207,559$15,518,655
92$39,031,464$7,447,176$4,266,621$16,754,453
93$42,928,202$7,727,617$4,325,082$18,105,679
94$47,219,747$8,019,138$4,382,840$19,583,767
95$51,946,285$8,322,199$4,439,788$21,201,302
96$57,152,098$8,637,279$4,495,814$22,972,144
97$62,885,984$8,964,878$4,550,795$24,911,551
98$69,201,714$9,305,517$4,604,607$27,036,327
99$76,158,541$9,659,739$4,657,113$29,364,973
100$83,821,760$10,028,114$4,708,174$31,917,867