Can I retire at age 63 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$210,577$208,701$206,871$205,085$203,341$202,144
2 years$104,246$102,304$100,423$98,598$96,829$95,621
3 years$68,807$66,857$64,980$63,173$61,432$60,252
4 years$51,091$49,147$47,289$45,513$43,814$42,669
5 years$40,464$38,532$36,698$34,958$33,307$32,201
6 years$33,382$31,464$29,658$27,956$26,354$25,290
7 years$28,325$26,424$24,646$22,984$21,433$20,410
8 years$24,534$22,650$20,901$19,281$17,781$16,798
9 years$21,587$19,721$18,002$16,423$14,974$14,033
10 years$19,231$17,383$15,695$14,157$12,759$11,858
11 years$17,305$15,475$13,818$12,321$10,973$10,112
12 years$15,701$13,889$12,263$10,807$9,509$8,687
13 years$14,344$12,552$10,956$9,541$8,292$7,508
14 years$13,183$11,409$9,844$8,469$7,269$6,522
15 years$12,177$10,423$8,888$7,553$6,400$5,690
16 years$11,297$9,563$8,058$6,763$5,656$4,982
17 years$10,522$8,807$7,332$6,077$5,015$4,375
18 years$9,834$8,138$6,694$5,476$4,459$3,853
19 years$9,219$7,542$6,128$4,948$3,975$3,400
20 years$8,667$7,009$5,624$4,482$3,550$3,007
21 years$8,167$6,528$5,173$4,067$3,177$2,664
22 years$7,714$6,094$4,767$3,698$2,848$2,363
23 years$7,300$5,699$4,402$3,368$2,556$2,099
24 years$6,922$5,340$4,071$3,072$2,298$1,867
25 years$6,574$5,011$3,771$2,805$2,068$1,662
26 years$6,254$4,710$3,497$2,565$1,862$1,481
27 years$5,958$4,433$3,247$2,348$1,679$1,321
28 years$5,683$4,177$3,019$2,151$1,515$1,179
29 years$5,428$3,940$2,809$1,973$1,368$1,053
30 years$5,191$3,721$2,617$1,810$1,236$941
31 years$4,969$3,518$2,439$1,663$1,118$841
32 years$4,761$3,328$2,276$1,528$1,011$752
33 years$4,567$3,152$2,125$1,405$915$673
34 years$4,384$2,988$1,986$1,293$828$602
35 years$4,212$2,834$1,856$1,190$750$539
36 years$4,050$2,690$1,737$1,096$680$483
37 years$3,897$2,554$1,625$1,010$616$432
38 years$3,753$2,428$1,522$931$559$387
39 years$3,616$2,308$1,426$858$507$347
40 years$3,486$2,196$1,337$792$459$311
41 years$3,363$2,091$1,253$730$417$279
42 years$3,247$1,991$1,176$674$378$250
43 years$3,135$1,897$1,103$622$343$224
44 years$3,030$1,808$1,036$575$312$201
45 years$2,929$1,724$972$531$283$180
46 years$2,833$1,645$913$490$257$162
47 years$2,741$1,570$858$453$233$145
48 years$2,654$1,499$806$418$212$130
49 years$2,570$1,431$758$387$192$117
50 years$2,490$1,367$713$357$175$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,550,000, adding $2,542 every year, while hoping to spend $52,488 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: 27/43/30 Blend
62$2,550,000$2,550,000$2,550,000$2,550,000
63$2,812,722$2,677,572$2,638,047$2,862,442
64$3,043,773$2,752,926$2,670,575$2,978,694
65$3,296,632$2,830,214$2,702,433$3,098,773
66$3,573,468$2,909,474$2,733,544$3,226,647
67$3,876,669$2,990,745$2,763,825$3,363,019
68$4,208,866$3,074,069$2,793,190$3,508,664
69$4,572,956$3,159,484$2,821,548$3,664,432
70$4,972,129$3,247,030$2,848,801$3,831,261
71$5,409,898$3,336,746$2,874,848$4,010,184
72$5,890,134$3,428,673$2,899,582$4,202,336
73$6,417,100$3,522,850$2,922,890$4,408,969
74$6,995,490$3,619,316$2,944,653$4,631,460
75$7,630,477$3,718,110$2,964,746$4,871,328
76$8,327,759$3,819,271$2,983,038$5,130,244
77$9,093,611$3,922,836$2,999,391$5,410,050
78$9,934,948$4,028,843$3,013,658$5,712,776
79$10,859,385$4,137,328$3,025,688$6,040,657
80$11,875,313$4,248,328$3,035,320$6,396,156
81$12,991,977$4,361,878$3,042,385$6,781,987
82$14,219,560$4,478,011$3,046,706$7,201,141
83$15,569,281$4,596,761$3,048,097$7,656,913
84$17,053,504$4,718,157$3,046,364$8,152,935
85$18,685,846$4,842,232$3,041,302$8,693,211
86$20,481,312$4,969,011$3,032,696$9,282,150
87$22,456,436$5,098,523$3,020,321$9,924,615
88$24,629,432$5,230,790$3,003,942$10,625,962
89$27,020,371$5,365,836$2,983,310$11,392,097
90$29,651,366$5,503,679$2,958,168$12,229,529
91$32,546,782$5,644,336$2,928,244$13,145,430
92$35,733,466$5,787,821$2,893,252$14,147,708
93$39,241,000$5,934,144$2,852,897$15,245,075
94$43,101,978$6,083,313$2,806,865$16,447,138
95$47,352,316$6,235,331$2,754,830$17,764,482
96$52,031,586$6,390,197$2,696,451$19,208,777
97$57,183,397$6,547,905$2,631,371$20,792,884
98$62,855,796$6,708,446$2,559,215$22,530,980
99$69,101,731$6,871,803$2,479,592$24,438,690
100$75,979,542$7,037,956$2,392,093$26,533,237