Can I retire at age 63 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$213,054$211,156$209,305$207,497$205,733$198,433
2 years$105,472$103,508$101,604$99,758$97,968$90,692
3 years$69,616$67,644$65,745$63,916$62,155$55,130
4 years$51,692$49,725$47,845$46,048$44,329$37,610
5 years$40,940$38,985$37,130$35,369$33,699$27,303
6 years$33,775$31,834$30,006$28,285$26,664$20,597
7 years$28,658$26,734$24,936$23,255$21,685$15,944
8 years$24,823$22,916$21,147$19,508$17,990$12,571
9 years$21,841$19,953$18,214$16,616$15,150$10,046
10 years$19,457$17,587$15,880$14,323$12,909$8,110
11 years$17,508$15,657$13,980$12,466$11,102$6,600
12 years$15,885$14,053$12,407$10,934$9,621$5,404
13 years$14,513$12,700$11,085$9,653$8,389$4,447
14 years$13,338$11,544$9,960$8,569$7,354$3,674
15 years$12,320$10,545$8,992$7,642$6,475$3,045
16 years$11,430$9,675$8,153$6,843$5,723$2,531
17 years$10,646$8,910$7,419$6,148$5,074$2,107
18 years$9,950$8,234$6,772$5,541$4,512$1,758
19 years$9,328$7,631$6,200$5,006$4,021$1,469
20 years$8,769$7,091$5,690$4,534$3,592$1,229
21 years$8,263$6,605$5,234$4,115$3,214$1,029
22 years$7,804$6,166$4,824$3,742$2,881$862
23 years$7,386$5,766$4,454$3,408$2,586$723
24 years$7,003$5,403$4,119$3,108$2,325$607
25 years$6,652$5,070$3,815$2,838$2,092$510
26 years$6,328$4,765$3,538$2,595$1,884$428
27 years$6,028$4,485$3,285$2,375$1,699$360
28 years$5,750$4,226$3,054$2,176$1,533$302
29 years$5,492$3,987$2,842$1,996$1,384$254
30 years$5,252$3,765$2,647$1,832$1,251$214
31 years$5,027$3,559$2,468$1,682$1,131$180
32 years$4,817$3,368$2,303$1,546$1,023$151
33 years$4,620$3,189$2,150$1,422$926$127
34 years$4,436$3,023$2,009$1,308$838$107
35 years$4,262$2,867$1,878$1,204$759$90
36 years$4,098$2,721$1,757$1,109$688$76
37 years$3,943$2,584$1,645$1,022$623$64
38 years$3,797$2,456$1,540$942$565$54
39 years$3,658$2,336$1,443$868$512$45
40 years$3,527$2,222$1,352$801$465$38
41 years$3,403$2,115$1,268$739$422$32
42 years$3,285$2,014$1,190$682$383$27
43 years$3,172$1,919$1,116$630$347$23
44 years$3,065$1,830$1,048$581$315$19
45 years$2,963$1,745$984$537$286$16
46 years$2,866$1,664$924$496$260$14
47 years$2,774$1,588$868$458$236$11
48 years$2,685$1,516$816$423$214$10
49 years$2,600$1,448$767$391$195$8
50 years$2,519$1,383$721$362$177$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,580,000, adding $6,260 every year, while hoping to spend $50,381 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: 59/19/22 Blend
62$2,580,000$2,580,000$2,580,000$2,580,000
63$2,849,617$2,712,877$2,672,887$3,000,706
64$3,086,673$2,792,203$2,708,824$3,183,433
65$3,346,220$2,873,728$2,744,276$3,376,624
66$3,630,499$2,957,505$2,779,174$3,586,223
67$3,941,978$3,043,591$2,813,444$3,813,828
68$4,283,375$3,132,042$2,847,010$4,061,201
69$4,657,683$3,222,915$2,879,788$4,330,280
70$5,068,198$3,316,269$2,911,692$4,623,201
71$5,518,552$3,412,164$2,942,631$4,942,315
72$6,012,744$3,510,660$2,972,509$5,290,215
73$6,555,179$3,611,818$3,001,224$5,669,753
74$7,150,711$3,715,700$3,028,668$6,084,072
75$7,804,684$3,822,370$3,054,729$6,536,635
76$8,522,987$3,931,892$3,079,288$7,031,257
77$9,312,108$4,044,331$3,102,220$7,572,140
78$10,179,192$4,159,751$3,123,394$8,163,913
79$11,132,111$4,278,221$3,142,669$8,811,678
80$12,179,540$4,399,808$3,159,902$9,521,053
81$13,331,033$4,524,578$3,174,939$10,298,231
82$14,597,117$4,652,601$3,187,618$11,150,033
83$15,989,391$4,783,947$3,197,771$12,083,975
84$17,520,633$4,918,684$3,205,221$13,108,340
85$19,204,922$5,056,884$3,209,780$14,232,254
86$21,057,770$5,198,617$3,211,254$15,465,771
87$23,096,267$5,343,955$3,209,436$16,819,972
88$25,339,246$5,492,967$3,204,111$18,307,066
89$27,807,453$5,645,727$3,195,053$19,940,505
90$30,523,752$5,802,306$3,182,025$21,735,115
91$33,513,330$5,962,775$3,164,779$23,707,232
92$36,803,945$6,127,206$3,143,054$25,874,857
93$40,426,179$6,295,670$3,116,578$28,257,827
94$44,413,729$6,468,239$3,085,063$30,878,001
95$48,803,728$6,644,981$3,048,212$33,759,467
96$53,637,091$6,825,968$3,005,710$36,928,771
97$58,958,902$7,011,267$2,957,228$40,415,165
98$64,818,838$7,200,948$2,902,423$44,250,883
99$71,271,640$7,395,075$2,840,936$48,471,450
100$78,377,629$7,593,715$2,772,389$53,116,012