Can I retire at age 63 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$216,357$214,430$212,550$210,714$208,922$205,800
2 years$107,108$105,113$103,179$101,305$99,487$96,348
3 years$70,696$68,692$66,764$64,907$63,119$60,061
4 years$52,493$50,496$48,587$46,762$45,017$42,064
5 years$41,575$39,590$37,706$35,918$34,221$31,382
6 years$34,298$32,328$30,472$28,724$27,078$24,356
7 years$29,103$27,149$25,322$23,615$22,022$19,417
8 years$25,208$23,272$21,475$19,810$18,269$15,782
9 years$22,180$20,262$18,497$16,874$15,385$13,014
10 years$19,759$17,860$16,126$14,546$13,109$10,852
11 years$17,780$15,900$14,197$12,659$11,274$9,129
12 years$16,132$14,271$12,599$11,104$9,770$7,734
13 years$14,738$12,897$11,257$9,803$8,520$6,590
14 years$13,544$11,723$10,114$8,702$7,468$5,642
15 years$12,511$10,709$9,132$7,761$6,576$4,850
16 years$11,608$9,825$8,279$6,949$5,812$4,182
17 years$10,811$9,049$7,534$6,243$5,153$3,617
18 years$10,104$8,361$6,877$5,627$4,582$3,135
19 years$9,472$7,749$6,296$5,084$4,084$2,723
20 years$8,905$7,201$5,778$4,605$3,648$2,370
21 years$8,391$6,707$5,315$4,179$3,264$2,065
22 years$7,925$6,261$4,898$3,800$2,926$1,802
23 years$7,501$5,856$4,523$3,460$2,627$1,574
24 years$7,112$5,487$4,183$3,156$2,361$1,376
25 years$6,755$5,149$3,874$2,882$2,124$1,205
26 years$6,426$4,839$3,593$2,635$1,914$1,055
27 years$6,121$4,554$3,336$2,412$1,725$924
28 years$5,839$4,291$3,102$2,210$1,557$811
29 years$5,577$4,048$2,886$2,027$1,406$711
30 years$5,333$3,823$2,689$1,860$1,270$624
31 years$5,105$3,614$2,506$1,708$1,148$548
32 years$4,892$3,420$2,339$1,570$1,039$481
33 years$4,692$3,239$2,184$1,444$940$423
34 years$4,504$3,070$2,040$1,328$851$371
35 years$4,328$2,911$1,907$1,223$771$326
36 years$4,161$2,763$1,784$1,126$698$287
37 years$4,004$2,625$1,670$1,038$633$252
38 years$3,856$2,494$1,564$956$574$222
39 years$3,715$2,372$1,465$882$520$195
40 years$3,582$2,257$1,373$813$472$172
41 years$3,456$2,148$1,288$750$428$151
42 years$3,336$2,046$1,208$693$389$133
43 years$3,222$1,949$1,134$639$353$117
44 years$3,113$1,858$1,064$590$320$103
45 years$3,009$1,772$999$545$291$90
46 years$2,911$1,690$938$504$264$80
47 years$2,817$1,613$882$465$240$70
48 years$2,726$1,540$828$430$218$62
49 years$2,640$1,470$779$397$198$54
50 years$2,558$1,405$732$367$180$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,620,000, adding $2,198 every year, while hoping to spend $38,476 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: 29/41/30 Blend
62$2,620,000$2,620,000$2,620,000$2,620,000
63$2,889,507$2,750,647$2,710,037$2,946,566
64$3,143,299$2,844,491$2,759,885$3,086,070
65$3,421,688$2,941,643$2,810,114$3,232,472
66$3,727,142$3,042,226$2,860,695$3,389,111
67$4,062,380$3,146,365$2,911,598$3,556,900
68$4,430,398$3,254,191$2,962,791$3,736,843
69$4,834,493$3,365,842$3,014,240$3,930,042
70$5,278,301$3,481,457$3,065,906$4,137,708
71$5,765,823$3,601,184$3,117,749$4,361,171
72$6,301,470$3,725,176$3,169,727$4,601,892
73$6,890,101$3,853,590$3,221,794$4,861,478
74$7,537,068$3,986,592$3,273,900$5,141,696
75$8,248,266$4,124,352$3,325,993$5,444,487
76$9,030,193$4,267,049$3,378,018$5,771,986
77$9,890,005$4,414,868$3,429,914$6,126,542
78$10,835,589$4,567,999$3,481,619$6,510,738
79$11,875,631$4,726,643$3,533,065$6,927,416
80$13,019,704$4,891,007$3,584,182$7,379,701
81$14,278,354$5,061,307$3,634,893$7,871,035
82$15,663,202$5,237,767$3,685,117$8,405,201
83$17,187,051$5,420,620$3,734,771$8,986,365
84$18,864,008$5,610,108$3,783,763$9,619,113
85$20,709,616$5,806,483$3,831,999$10,308,490
86$22,741,003$6,010,006$3,879,377$11,060,051
87$24,977,040$6,220,952$3,925,791$11,879,913
88$27,438,522$6,439,602$3,971,128$12,774,806
89$30,148,360$6,666,251$4,015,270$13,752,144
90$33,131,801$6,901,206$4,058,090$14,820,087
91$36,416,665$7,144,785$4,099,456$15,987,623
92$40,033,606$7,397,321$4,139,229$17,264,648
93$44,016,402$7,659,157$4,177,262$18,662,058
94$48,402,273$7,930,654$4,213,398$20,191,857
95$53,232,233$8,212,185$4,247,475$21,867,260
96$58,551,476$8,504,137$4,279,321$23,702,824
97$64,409,804$8,806,917$4,308,755$25,714,585
98$70,862,092$9,120,943$4,335,586$27,920,200
99$77,968,811$9,446,656$4,359,615$30,339,122
100$85,796,598$9,784,510$4,380,630$32,992,778