Can I retire at age 63 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$209,751$207,882$206,060$204,280$202,543$201,520
2 years$103,837$101,903$100,029$98,212$96,449$95,417
3 years$68,537$66,595$64,725$62,925$61,191$60,181
4 years$50,891$48,954$47,103$45,334$43,642$42,663
5 years$40,305$38,381$36,554$34,821$33,176$32,230
6 years$33,251$31,341$29,541$27,847$26,251$25,339
7 years$28,214$26,320$24,549$22,894$21,349$20,472
8 years$24,438$22,561$20,819$19,205$17,711$16,869
9 years$21,503$19,643$17,932$16,359$14,915$14,108
10 years$19,156$17,315$15,633$14,101$12,709$11,936
11 years$17,237$15,414$13,763$12,272$10,930$10,191
12 years$15,639$13,835$12,215$10,765$9,472$8,766
13 years$14,288$12,503$10,913$9,503$8,259$7,586
14 years$13,131$11,365$9,805$8,436$7,240$6,599
15 years$12,129$10,382$8,853$7,524$6,375$5,764
16 years$11,253$9,525$8,026$6,737$5,634$5,054
17 years$10,481$8,772$7,304$6,053$4,996$4,444
18 years$9,796$8,106$6,667$5,455$4,442$3,919
19 years$9,183$7,513$6,104$4,929$3,959$3,464
20 years$8,633$6,981$5,602$4,464$3,536$3,067
21 years$8,135$6,503$5,152$4,051$3,165$2,721
22 years$7,683$6,070$4,749$3,684$2,837$2,418
23 years$7,272$5,677$4,385$3,355$2,546$2,151
24 years$6,895$5,319$4,055$3,060$2,289$1,916
25 years$6,549$4,992$3,756$2,794$2,059$1,708
26 years$6,229$4,691$3,483$2,555$1,855$1,525
27 years$5,934$4,415$3,235$2,339$1,673$1,362
28 years$5,661$4,160$3,007$2,143$1,509$1,217
29 years$5,407$3,925$2,798$1,965$1,363$1,089
30 years$5,170$3,707$2,606$1,803$1,231$974
31 years$4,949$3,504$2,430$1,656$1,113$872
32 years$4,743$3,315$2,267$1,522$1,007$782
33 years$4,549$3,140$2,117$1,400$911$700
34 years$4,367$2,976$1,978$1,288$825$628
35 years$4,195$2,822$1,849$1,185$747$563
36 years$4,034$2,679$1,730$1,092$677$505
37 years$3,882$2,544$1,619$1,006$614$453
38 years$3,738$2,418$1,516$927$556$407
39 years$3,602$2,299$1,421$855$505$365
40 years$3,473$2,188$1,331$789$458$328
41 years$3,350$2,082$1,248$728$415$294
42 years$3,234$1,983$1,171$671$377$264
43 years$3,123$1,890$1,099$620$342$237
44 years$3,018$1,801$1,032$572$310$213
45 years$2,918$1,718$969$529$282$192
46 years$2,822$1,639$910$488$256$172
47 years$2,731$1,564$855$451$232$155
48 years$2,643$1,493$803$417$211$139
49 years$2,560$1,425$755$385$192$125
50 years$2,480$1,362$710$356$174$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,540,000, adding $3,176 every year, while hoping to spend $47,752 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: 90/5/5 Blend
62$2,540,000$2,540,000$2,540,000$2,540,000
63$2,802,356$2,667,736$2,628,366$3,054,806
64$3,037,389$2,747,647$2,665,609$3,299,215
65$3,294,794$2,829,874$2,702,498$3,560,882
66$3,576,804$2,914,479$2,738,973$3,847,061
67$3,885,876$3,001,526$2,774,967$4,160,187
68$4,224,717$3,091,083$2,810,409$4,502,947
69$4,596,308$3,183,215$2,845,228$4,878,296
70$5,003,932$3,277,994$2,879,344$5,289,491
71$5,451,206$3,375,488$2,912,675$5,740,119
72$5,942,114$3,475,772$2,945,134$6,234,129
73$6,481,043$3,578,918$2,976,630$6,775,873
74$7,072,827$3,685,003$3,007,064$7,370,144
75$7,722,791$3,794,103$3,036,336$8,022,222
76$8,436,799$3,906,299$3,064,338$8,737,924
77$9,221,315$4,021,669$3,090,955$9,523,656
78$10,083,456$4,140,298$3,116,069$10,386,477
79$11,031,065$4,262,269$3,139,554$11,334,163
80$12,072,781$4,387,668$3,161,277$12,375,282
81$13,218,124$4,516,583$3,181,098$13,519,271
82$14,477,580$4,649,103$3,198,873$14,776,529
83$15,862,704$4,785,319$3,214,446$16,158,512
84$17,386,225$4,925,326$3,227,655$17,677,843
85$19,062,170$5,069,216$3,238,331$19,348,429
86$20,905,991$5,217,087$3,246,295$21,185,593
87$22,934,716$5,369,038$3,251,359$23,206,217
88$25,167,104$5,525,168$3,253,327$25,428,904
89$27,623,827$5,685,580$3,251,992$27,874,150
90$30,327,661$5,850,377$3,247,137$30,564,538
91$33,303,700$6,019,664$3,238,534$33,524,953
92$36,579,599$6,193,548$3,225,946$36,782,813
93$40,185,825$6,372,139$3,209,123$40,368,332
94$44,155,952$6,555,547$3,187,801$44,314,799
95$48,526,974$6,743,884$3,161,708$48,658,898
96$53,339,655$6,937,263$3,130,554$53,441,049
97$58,638,911$7,135,800$3,094,039$58,705,792
98$64,474,237$7,339,612$3,051,847$64,502,205
99$70,900,173$7,548,816$3,003,647$70,884,371
100$77,976,816$7,763,533$2,949,094$77,911,883