Can I retire at age 63 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$218,835$216,885$214,983$213,127$211,315$205,956
2 years$108,334$106,316$104,361$102,465$100,626$95,262
3 years$71,505$69,479$67,528$65,650$63,841$58,639
4 years$53,094$51,074$49,143$47,297$45,532$40,533
5 years$42,051$40,043$38,137$36,329$34,613$29,830
6 years$34,691$32,698$30,821$29,053$27,388$22,826
7 years$29,436$27,460$25,612$23,886$22,274$17,933
8 years$25,496$23,538$21,721$20,037$18,478$14,357
9 years$22,434$20,494$18,708$17,067$15,561$11,656
10 years$19,985$18,065$16,310$14,712$13,259$9,565
11 years$17,983$16,082$14,359$12,804$11,403$7,915
12 years$16,316$14,434$12,744$11,231$9,882$6,594
13 years$14,907$13,044$11,386$9,915$8,617$5,522
14 years$13,699$11,857$10,230$8,801$7,554$4,645
15 years$12,654$10,831$9,236$7,849$6,651$3,922
16 years$11,740$9,938$8,374$7,028$5,878$3,320
17 years$10,935$9,152$7,620$6,315$5,212$2,818
18 years$10,220$8,457$6,956$5,691$4,634$2,397
19 years$9,581$7,838$6,368$5,142$4,131$2,043
20 years$9,007$7,283$5,844$4,657$3,689$1,743
21 years$8,487$6,784$5,376$4,227$3,302$1,489
22 years$8,016$6,333$4,954$3,843$2,959$1,274
23 years$7,587$5,923$4,575$3,500$2,657$1,090
24 years$7,193$5,549$4,231$3,192$2,388$934
25 years$6,832$5,208$3,918$2,915$2,149$801
26 years$6,499$4,895$3,634$2,666$1,935$687
27 years$6,192$4,606$3,375$2,440$1,745$589
28 years$5,906$4,341$3,137$2,235$1,575$506
29 years$5,641$4,095$2,919$2,050$1,422$434
30 years$5,394$3,867$2,719$1,881$1,285$373
31 years$5,164$3,656$2,535$1,728$1,161$321
32 years$4,948$3,459$2,365$1,588$1,051$276
33 years$4,746$3,276$2,209$1,460$951$237
34 years$4,556$3,105$2,064$1,344$861$204
35 years$4,377$2,945$1,929$1,237$780$175
36 years$4,209$2,795$1,805$1,139$706$151
37 years$4,050$2,655$1,689$1,050$640$130
38 years$3,900$2,523$1,582$967$580$111
39 years$3,758$2,399$1,482$892$526$96
40 years$3,623$2,282$1,389$823$477$82
41 years$3,495$2,173$1,303$759$433$71
42 years$3,374$2,069$1,222$701$393$61
43 years$3,258$1,971$1,147$647$357$52
44 years$3,149$1,879$1,076$597$324$45
45 years$3,044$1,792$1,011$551$294$39
46 years$2,944$1,710$949$509$267$33
47 years$2,849$1,631$892$471$242$29
48 years$2,758$1,557$838$435$220$25
49 years$2,671$1,487$788$402$200$21
50 years$2,587$1,421$740$371$182$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,650,000, adding $5,752 every year, while hoping to spend $27,321 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: 80/13/7 Blend
62$2,650,000$2,650,000$2,650,000$2,650,000
63$2,926,233$2,785,783$2,744,708$3,157,694
64$3,195,640$2,893,217$2,807,587$3,417,564
65$3,491,610$3,005,000$2,871,656$3,698,453
66$3,816,825$3,121,315$2,936,927$4,005,832
67$4,174,237$3,242,356$3,003,410$4,342,330
68$4,567,100$3,368,323$3,071,115$4,710,846
69$4,998,999$3,499,425$3,140,052$5,114,567
70$5,473,882$3,635,882$3,210,229$5,557,006
71$5,996,100$3,777,923$3,281,654$6,042,031
72$6,570,447$3,925,785$3,354,334$6,573,900
73$7,202,204$4,079,720$3,428,276$7,157,304
74$7,897,189$4,239,987$3,503,483$7,797,409
75$8,661,815$4,406,858$3,579,962$8,499,904
76$9,503,144$4,580,618$3,657,715$9,271,057
77$10,428,960$4,761,564$3,736,744$10,117,769
78$11,447,839$4,950,006$3,817,050$11,047,644
79$12,569,230$5,146,267$3,898,632$12,069,056
80$13,803,545$5,350,688$3,981,490$13,191,231
81$15,162,255$5,563,621$4,065,619$14,424,331
82$16,658,003$5,785,436$4,151,015$15,779,549
83$18,304,717$6,016,520$4,237,672$17,269,219
84$20,117,746$6,257,277$4,325,581$18,906,925
85$22,114,000$6,508,128$4,414,732$20,707,635
86$24,312,116$6,769,514$4,505,114$22,687,837
87$26,732,628$7,041,896$4,596,711$24,865,695
88$29,398,164$7,325,757$4,689,509$27,261,224
89$32,333,657$7,621,599$4,783,488$29,896,472
90$35,566,582$7,929,950$4,878,626$32,795,730
91$39,127,214$8,251,358$4,974,901$35,985,765
92$43,048,916$8,586,400$5,072,286$39,496,063
93$47,368,448$8,935,677$5,170,751$43,359,114
94$52,126,323$9,299,818$5,270,264$47,610,716
95$57,367,178$9,679,479$5,370,788$52,290,311
96$63,140,206$10,075,350$5,472,285$57,441,356
97$69,499,612$10,488,147$5,574,712$63,111,735
98$76,505,130$10,918,624$5,678,022$69,354,208
99$84,222,582$11,367,565$5,782,165$76,226,907
100$92,724,503$11,835,793$5,887,085$83,793,888