Can I retire at age 63 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$217,183$215,248$213,361$211,519$209,720$202,682
2 years$107,516$105,514$103,573$101,692$99,867$92,846
3 years$70,966$68,955$67,019$65,155$63,359$56,576
4 years$52,694$50,689$48,773$46,940$45,189$38,694
5 years$41,734$39,741$37,849$36,055$34,352$28,163
6 years$34,429$32,451$30,588$28,833$27,181$21,304
7 years$29,214$27,253$25,419$23,705$22,106$16,539
8 years$25,304$23,360$21,557$19,886$18,339$13,079
9 years$22,265$20,339$18,567$16,938$15,444$10,484
10 years$19,835$17,928$16,187$14,601$13,159$8,491
11 years$17,848$15,960$14,251$12,707$11,317$6,932
12 years$16,193$14,325$12,647$11,146$9,807$5,695
13 years$14,794$12,946$11,300$9,840$8,552$4,702
14 years$13,596$11,767$10,153$8,735$7,497$3,898
15 years$12,559$10,750$9,167$7,790$6,601$3,243
16 years$11,652$9,863$8,311$6,975$5,834$2,704
17 years$10,853$9,083$7,563$6,267$5,173$2,261
18 years$10,143$8,393$6,904$5,648$4,599$1,893
19 years$9,509$7,779$6,320$5,103$4,099$1,588
20 years$8,939$7,228$5,800$4,622$3,662$1,333
21 years$8,423$6,733$5,335$4,195$3,277$1,121
22 years$7,956$6,285$4,917$3,814$2,937$943
23 years$7,529$5,878$4,540$3,474$2,637$794
24 years$7,139$5,508$4,199$3,168$2,370$669
25 years$6,781$5,169$3,889$2,893$2,132$564
26 years$6,450$4,858$3,607$2,645$1,921$476
27 years$6,145$4,572$3,349$2,421$1,732$401
28 years$5,862$4,308$3,113$2,219$1,563$339
29 years$5,599$4,064$2,897$2,035$1,411$286
30 years$5,354$3,838$2,699$1,867$1,275$241
31 years$5,125$3,628$2,516$1,715$1,153$204
32 years$4,911$3,433$2,347$1,576$1,043$172
33 years$4,710$3,251$2,192$1,449$944$145
34 years$4,521$3,081$2,048$1,333$854$123
35 years$4,344$2,922$1,915$1,227$774$104
36 years$4,177$2,774$1,791$1,130$701$88
37 years$4,019$2,635$1,676$1,042$635$74
38 years$3,870$2,504$1,570$960$576$63
39 years$3,729$2,381$1,471$885$522$53
40 years$3,596$2,265$1,379$816$474$45
41 years$3,469$2,156$1,293$753$430$38
42 years$3,348$2,054$1,213$695$390$32
43 years$3,234$1,957$1,138$642$354$27
44 years$3,125$1,865$1,068$593$321$23
45 years$3,021$1,778$1,003$547$292$19
46 years$2,922$1,697$942$506$265$16
47 years$2,827$1,619$885$467$241$14
48 years$2,737$1,546$832$432$218$12
49 years$2,650$1,476$782$399$198$10
50 years$2,568$1,410$735$369$180$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,630,000, adding $5,788 every year, while hoping to spend $53,145 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: 42/37/21 Blend
62$2,630,000$2,630,000$2,630,000$2,630,000
63$2,904,230$2,764,840$2,724,075$3,008,125
64$3,143,916$2,843,772$2,758,786$3,161,482
65$3,406,268$2,924,789$2,792,878$3,321,875
66$3,693,543$3,007,940$2,826,275$3,494,483
67$4,008,225$3,093,269$2,858,896$3,680,458
68$4,353,050$3,180,825$2,890,655$3,881,066
69$4,731,030$3,270,655$2,921,461$4,097,699
70$5,145,484$3,362,806$2,951,219$4,331,891
71$5,600,067$3,457,327$2,979,828$4,585,332
72$6,098,805$3,554,266$3,007,183$4,859,880
73$6,646,131$3,653,673$3,033,171$5,157,583
74$7,246,929$3,755,596$3,057,676$5,480,695
75$7,906,580$3,860,085$3,080,572$5,831,697
76$8,631,010$3,967,188$3,101,730$6,213,325
77$9,426,748$4,076,955$3,121,013$6,628,588
78$10,300,985$4,189,434$3,138,276$7,080,805
79$11,261,644$4,304,676$3,153,367$7,573,628
80$12,317,455$4,422,728$3,166,128$8,111,081
81$13,478,033$4,543,639$3,176,390$8,697,598
82$14,753,971$4,667,457$3,183,979$9,338,063
83$16,156,943$4,794,229$3,188,709$10,037,857
84$17,699,807$4,924,002$3,190,386$10,802,907
85$19,396,731$5,056,821$3,188,808$11,639,746
86$21,263,325$5,192,733$3,183,760$12,555,568
87$23,316,788$5,331,780$3,175,020$13,558,304
88$25,576,068$5,474,006$3,162,351$14,656,689
89$28,062,046$5,619,451$3,145,509$15,860,350
90$30,797,726$5,768,155$3,124,235$17,179,895
91$33,808,456$5,920,157$3,098,258$18,627,011
92$37,122,165$6,075,491$3,067,297$20,214,578
93$40,769,628$6,234,192$3,031,053$21,956,789
94$44,784,753$6,396,291$2,989,217$23,869,283
95$49,204,905$6,561,817$2,941,463$25,969,294
96$54,071,254$6,730,794$2,887,450$28,275,815
97$59,429,165$6,903,246$2,826,823$30,809,773
98$65,328,627$7,079,192$2,759,208$33,594,231
99$71,824,720$7,258,646$2,684,215$36,654,606
100$78,978,141$7,441,619$2,601,436$40,018,906