Can I retire at age 63 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$219,660$217,704$215,795$213,932$212,112$206,565
2 years$108,743$106,717$104,755$102,852$101,006$95,455
3 years$71,775$69,741$67,783$65,898$64,082$58,702
4 years$53,295$51,267$49,329$47,476$45,704$40,535
5 years$42,210$40,194$38,281$36,466$34,743$29,800
6 years$34,822$32,821$30,937$29,162$27,491$22,778
7 years$29,547$27,563$25,709$23,976$22,358$17,875
8 years$25,593$23,627$21,803$20,113$18,548$14,294
9 years$22,519$20,571$18,779$17,132$15,620$11,591
10 years$20,061$18,133$16,372$14,768$13,309$9,500
11 years$18,051$16,143$14,414$12,852$11,446$7,851
12 years$16,378$14,489$12,792$11,273$9,919$6,532
13 years$14,963$13,094$11,429$9,952$8,650$5,463
14 years$13,751$11,902$10,269$8,835$7,582$4,589
15 years$12,702$10,872$9,271$7,879$6,676$3,869
16 years$11,785$9,975$8,406$7,055$5,900$3,271
17 years$10,976$9,187$7,649$6,339$5,232$2,772
18 years$10,259$8,489$6,982$5,712$4,652$2,355
19 years$9,617$7,868$6,392$5,162$4,146$2,003
20 years$9,040$7,311$5,866$4,675$3,703$1,707
21 years$8,519$6,810$5,396$4,243$3,314$1,456
22 years$8,046$6,357$4,973$3,858$2,971$1,243
23 years$7,615$5,945$4,592$3,513$2,667$1,063
24 years$7,220$5,570$4,247$3,204$2,397$909
25 years$6,858$5,227$3,933$2,926$2,157$778
26 years$6,524$4,913$3,648$2,676$1,943$666
27 years$6,215$4,624$3,387$2,449$1,752$571
28 years$5,929$4,357$3,149$2,244$1,580$489
29 years$5,662$4,110$2,930$2,058$1,427$419
30 years$5,415$3,882$2,730$1,888$1,289$360
31 years$5,183$3,669$2,545$1,734$1,166$309
32 years$4,967$3,472$2,374$1,594$1,055$265
33 years$4,764$3,288$2,217$1,466$954$227
34 years$4,573$3,116$2,071$1,349$864$195
35 years$4,394$2,956$1,937$1,242$783$167
36 years$4,225$2,806$1,812$1,143$709$144
37 years$4,065$2,665$1,696$1,053$643$123
38 years$3,914$2,532$1,588$971$583$106
39 years$3,772$2,408$1,488$895$528$91
40 years$3,637$2,291$1,394$826$479$78
41 years$3,508$2,181$1,307$762$435$67
42 years$3,387$2,077$1,226$703$395$58
43 years$3,271$1,979$1,151$649$358$49
44 years$3,160$1,886$1,080$599$325$43
45 years$3,055$1,799$1,014$554$295$37
46 years$2,955$1,716$953$511$268$31
47 years$2,860$1,638$895$472$243$27
48 years$2,768$1,563$841$436$221$23
49 years$2,681$1,493$791$403$201$20
50 years$2,597$1,426$743$373$182$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,660,000, adding $2,643 every year, while hoping to spend $25,748 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: 41/45/14 Blend
62$2,660,000$2,660,000$2,660,000$2,660,000
63$2,934,046$2,793,066$2,751,836$3,042,104
64$3,205,923$2,902,531$2,816,627$3,228,056
65$3,504,669$3,016,496$2,882,725$3,426,455
66$3,832,996$3,135,156$2,950,148$3,640,630
67$4,193,895$3,258,711$3,018,911$3,872,028
68$4,590,658$3,387,374$3,089,030$4,122,239
69$5,026,914$3,521,364$3,160,522$4,393,010
70$5,506,661$3,660,913$3,233,401$4,686,256
71$6,034,302$3,806,259$3,307,681$5,004,085
72$6,614,690$3,957,655$3,383,378$5,348,809
73$7,253,172$4,115,364$3,460,505$5,722,969
74$7,955,639$4,279,660$3,539,075$6,129,360
75$8,728,580$4,450,829$3,619,100$6,571,050
76$9,579,147$4,629,172$3,700,592$7,051,415
77$10,515,221$4,815,002$3,783,562$7,574,163
78$11,545,482$5,008,645$3,868,020$8,143,374
79$12,679,497$5,210,446$3,953,975$8,763,533
80$13,927,808$5,420,760$4,041,436$9,439,572
81$15,302,030$5,639,962$4,130,409$10,176,918
82$16,814,960$5,868,443$4,220,900$10,981,538
83$18,480,700$6,106,611$4,312,915$11,859,998
84$20,314,791$6,354,894$4,406,457$12,819,520
85$22,334,354$6,613,739$4,501,528$13,868,052
86$24,558,258$6,883,611$4,598,128$15,014,340
87$27,007,292$7,165,000$4,696,257$16,268,007
88$29,704,366$7,458,416$4,795,913$17,639,646
89$32,674,726$7,764,393$4,897,090$19,140,915
90$35,946,189$8,083,488$4,999,783$20,784,643
91$39,549,407$8,416,287$5,103,984$22,584,956
92$43,518,161$8,763,399$5,209,681$24,557,403
93$47,889,671$9,125,463$5,316,863$26,719,100
94$52,704,953$9,503,147$5,425,514$29,088,892
95$58,009,207$9,897,149$5,535,616$31,687,530
96$63,852,237$10,308,200$5,647,151$34,537,857
97$70,288,928$10,737,065$5,760,093$37,665,029
98$77,379,760$11,184,542$5,874,418$41,096,747
99$85,191,379$11,651,469$5,990,095$44,863,513
100$93,797,229$12,138,720$6,107,092$48,998,919