Can I retire at age 63 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$213,880$211,975$210,116$208,302$206,530$201,783
2 years$105,881$103,909$101,998$100,145$98,348$93,592
3 years$69,886$67,906$65,999$64,164$62,396$57,779
4 years$51,892$49,918$48,031$46,226$44,501$40,059
5 years$41,099$39,136$37,274$35,506$33,829$29,574
6 years$33,905$31,958$30,123$28,395$26,768$22,705
7 years$28,769$26,838$25,032$23,345$21,769$17,899
8 years$24,919$23,005$21,229$19,583$18,060$14,380
9 years$21,926$20,030$18,285$16,681$15,209$11,717
10 years$19,533$17,656$15,941$14,379$12,959$9,651
11 years$17,576$15,718$14,034$12,514$11,145$8,017
12 years$15,947$14,107$12,455$10,976$9,658$6,705
13 years$14,569$12,749$11,128$9,691$8,422$5,638
14 years$13,389$11,588$9,998$8,602$7,383$4,762
15 years$12,368$10,586$9,027$7,672$6,500$4,037
16 years$11,475$9,713$8,184$6,869$5,745$3,433
17 years$10,688$8,945$7,448$6,172$5,094$2,926
18 years$9,989$8,266$6,799$5,562$4,529$2,500
19 years$9,364$7,660$6,224$5,026$4,037$2,140
20 years$8,803$7,118$5,712$4,552$3,606$1,834
21 years$8,295$6,631$5,254$4,131$3,227$1,574
22 years$7,835$6,189$4,842$3,756$2,892$1,353
23 years$7,415$5,789$4,471$3,421$2,596$1,163
24 years$7,030$5,424$4,135$3,120$2,334$1,001
25 years$6,677$5,090$3,830$2,849$2,100$863
26 years$6,352$4,784$3,552$2,605$1,892$743
27 years$6,051$4,502$3,298$2,385$1,705$641
28 years$5,773$4,242$3,066$2,185$1,539$553
29 years$5,513$4,002$2,853$2,004$1,390$477
30 years$5,272$3,780$2,658$1,839$1,256$412
31 years$5,047$3,573$2,478$1,689$1,135$356
32 years$4,836$3,381$2,312$1,552$1,027$307
33 years$4,638$3,202$2,159$1,427$929$265
34 years$4,453$3,034$2,017$1,313$841$229
35 years$4,278$2,878$1,886$1,209$762$198
36 years$4,114$2,732$1,764$1,113$690$171
37 years$3,958$2,594$1,651$1,026$626$148
38 years$3,811$2,466$1,546$945$567$128
39 years$3,673$2,345$1,448$872$514$111
40 years$3,541$2,231$1,358$804$467$96
41 years$3,416$2,123$1,273$742$423$83
42 years$3,297$2,022$1,194$685$384$72
43 years$3,185$1,927$1,121$632$349$62
44 years$3,077$1,837$1,052$584$316$54
45 years$2,975$1,751$988$539$287$46
46 years$2,877$1,671$928$498$261$40
47 years$2,784$1,594$871$460$237$35
48 years$2,695$1,522$819$425$215$30
49 years$2,610$1,454$770$393$195$26
50 years$2,529$1,388$724$363$177$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,590,000, adding $4,385 every year, while hoping to spend $44,010 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: 44/41/15 Blend
62$2,590,000$2,590,000$2,590,000$2,590,000
63$2,858,703$2,721,433$2,681,288$2,971,939
64$3,103,465$2,807,957$2,724,285$3,138,092
65$3,371,717$2,897,246$2,767,247$3,313,328
66$3,665,809$2,989,388$2,810,127$3,502,311
67$3,988,329$3,084,476$2,852,874$3,706,327
68$4,342,128$3,182,604$2,895,434$3,926,792
69$4,730,344$3,283,870$2,937,750$4,165,261
70$5,156,435$3,388,377$2,979,762$4,423,445
71$5,624,212$3,496,227$3,021,404$4,703,225
72$6,137,868$3,607,529$3,062,608$5,006,673
73$6,702,028$3,722,395$3,103,302$5,336,067
74$7,321,782$3,840,939$3,143,410$5,693,912
75$8,002,739$3,963,281$3,182,849$6,082,967
76$8,751,079$4,089,543$3,221,536$6,506,268
77$9,573,610$4,219,851$3,259,378$6,967,158
78$10,477,831$4,354,337$3,296,280$7,469,313
79$11,472,006$4,493,135$3,332,142$8,016,783
80$12,565,238$4,636,386$3,366,856$8,614,026
81$13,767,557$4,784,234$3,400,310$9,265,950
82$15,090,013$4,936,827$3,432,386$9,977,959
83$16,544,782$5,094,319$3,462,959$10,756,003
84$18,145,279$5,256,870$3,491,897$11,606,636
85$19,906,284$5,424,642$3,519,061$12,537,072
86$21,844,082$5,597,807$3,544,307$13,555,260
87$23,976,617$5,776,538$3,567,480$14,669,950
88$26,323,660$5,961,017$3,588,419$15,890,784
89$28,906,997$6,151,430$3,606,954$17,228,378
90$31,750,631$6,347,971$3,622,908$18,694,427
91$34,881,012$6,550,838$3,636,092$20,301,813
92$38,327,285$6,760,239$3,646,311$22,064,725
93$42,121,562$6,976,385$3,653,356$23,998,795
94$46,299,230$7,199,496$3,657,012$26,121,240
95$50,899,279$7,429,799$3,657,050$28,451,031
96$55,964,676$7,667,530$3,653,231$31,009,065
97$61,542,764$7,912,930$3,645,306$33,818,362
98$67,685,712$8,166,249$3,633,010$36,904,286
99$74,451,007$8,427,748$3,616,068$40,294,780
100$81,901,995$8,697,692$3,594,191$44,020,629