Can I retire at age 63 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$215,531$213,612$211,738$209,910$208,125$203,176
2 years$106,699$104,712$102,786$100,918$99,107$94,150
3 years$70,426$68,430$66,509$64,659$62,878$58,068
4 years$52,293$50,303$48,402$46,583$44,845$40,219
5 years$41,416$39,438$37,562$35,781$34,090$29,661
6 years$34,167$32,204$30,355$28,614$26,975$22,746
7 years$28,992$27,045$25,225$23,525$21,938$17,911
8 years$25,112$23,183$21,393$19,735$18,199$14,373
9 years$22,095$20,185$18,426$16,810$15,326$11,697
10 years$19,684$17,792$16,064$14,490$13,059$9,623
11 years$17,712$15,839$14,143$12,611$11,231$7,983
12 years$16,070$14,216$12,551$11,061$9,733$6,668
13 years$14,682$12,847$11,214$9,765$8,487$5,599
14 years$13,493$11,678$10,076$8,669$7,440$4,723
15 years$12,463$10,668$9,097$7,731$6,550$3,998
16 years$11,563$9,788$8,248$6,922$5,789$3,395
17 years$10,770$9,014$7,505$6,220$5,133$2,890
18 years$10,066$8,329$6,851$5,605$4,564$2,466
19 years$9,436$7,720$6,272$5,065$4,068$2,107
20 years$8,871$7,173$5,756$4,587$3,634$1,803
21 years$8,359$6,682$5,294$4,163$3,252$1,546
22 years$7,895$6,237$4,880$3,785$2,915$1,326
23 years$7,472$5,834$4,505$3,447$2,617$1,139
24 years$7,085$5,466$4,167$3,144$2,352$979
25 years$6,729$5,129$3,859$2,871$2,116$841
26 years$6,401$4,821$3,579$2,625$1,906$724
27 years$6,098$4,537$3,324$2,403$1,719$623
28 years$5,817$4,275$3,090$2,202$1,551$537
29 years$5,556$4,033$2,875$2,019$1,400$463
30 years$5,313$3,809$2,678$1,853$1,265$399
31 years$5,086$3,600$2,497$1,702$1,144$344
32 years$4,873$3,407$2,330$1,564$1,035$296
33 years$4,674$3,226$2,175$1,438$936$256
34 years$4,487$3,058$2,032$1,323$848$221
35 years$4,311$2,900$1,900$1,218$768$190
36 years$4,145$2,753$1,778$1,122$696$164
37 years$3,989$2,615$1,664$1,034$631$142
38 years$3,841$2,485$1,558$953$572$122
39 years$3,701$2,363$1,460$879$518$106
40 years$3,568$2,248$1,368$810$470$91
41 years$3,442$2,140$1,283$748$427$79
42 years$3,323$2,038$1,203$690$387$68
43 years$3,209$1,942$1,129$637$351$59
44 years$3,101$1,851$1,060$588$319$51
45 years$2,998$1,765$995$543$290$44
46 years$2,900$1,684$935$502$263$38
47 years$2,806$1,607$878$463$239$33
48 years$2,716$1,534$825$428$217$28
49 years$2,630$1,465$776$396$197$24
50 years$2,548$1,399$729$366$179$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,610,000, adding $4,542 every year, while hoping to spend $29,248 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: 46/45/9 Blend
62$2,610,000$2,610,000$2,610,000$2,610,000
63$2,880,905$2,742,575$2,702,120$3,006,021
64$3,143,638$2,845,842$2,761,521$3,196,055
65$3,432,189$2,953,188$2,821,933$3,398,690
66$3,749,161$3,064,783$2,883,356$3,617,834
67$4,097,421$3,180,803$2,945,795$3,855,025
68$4,480,129$3,301,433$3,009,249$4,111,949
69$4,900,762$3,426,863$3,073,719$4,390,463
70$5,363,155$3,557,295$3,139,204$4,692,603
71$5,871,532$3,692,938$3,205,702$5,020,610
72$6,430,545$3,834,009$3,273,210$5,376,944
73$7,045,322$3,980,736$3,341,724$5,764,312
74$7,721,509$4,133,356$3,411,236$6,185,689
75$8,465,331$4,292,119$3,481,740$6,644,345
76$9,283,644$4,457,282$3,553,228$7,143,878
77$10,184,003$4,629,116$3,625,688$7,688,245
78$11,174,731$4,807,902$3,699,108$8,281,796
79$12,265,000$4,993,936$3,773,475$8,929,318
80$13,464,916$5,187,525$3,848,772$9,636,079
81$14,785,613$5,388,989$3,924,982$10,407,873
82$16,239,360$5,598,664$4,002,084$11,251,075
83$17,839,676$5,816,900$4,080,055$12,172,701
84$19,601,458$6,044,063$4,158,871$13,180,474
85$21,541,118$6,280,534$4,238,505$14,282,891
86$23,676,744$6,526,712$4,318,927$15,489,306
87$26,028,264$6,783,013$4,400,103$16,810,016
88$28,617,639$7,049,872$4,481,998$18,256,354
89$31,469,066$7,327,744$4,564,574$19,840,799
90$34,609,211$7,617,103$4,647,786$21,577,086
91$38,067,454$7,918,446$4,731,591$23,480,341
92$41,876,174$8,232,289$4,815,939$25,567,215
93$46,071,047$8,559,174$4,900,776$27,856,046
94$50,691,388$8,899,668$4,986,046$30,367,023
95$55,780,517$9,254,359$5,071,687$33,122,382
96$61,386,174$9,623,867$5,157,633$36,146,607
97$67,560,964$10,008,837$5,243,813$39,466,662
98$74,362,854$10,409,941$5,330,153$43,112,245
99$81,855,723$10,827,887$5,416,571$47,116,062
100$90,109,962$11,263,408$5,502,981$51,514,136