Can I retire at age 63 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$221,312$219,341$217,417$215,540$213,707$209,821
2 years$109,560$107,520$105,542$103,625$101,765$97,864
3 years$72,315$70,265$68,293$66,394$64,564$60,770
4 years$53,696$51,653$49,700$47,833$46,048$42,389
5 years$42,527$40,496$38,569$36,740$35,005$31,492
6 years$35,084$33,068$31,170$29,381$27,698$24,335
7 years$29,769$27,771$25,902$24,156$22,526$19,314
8 years$25,785$23,805$21,967$20,264$18,687$15,626
9 years$22,688$20,726$18,920$17,260$15,737$12,824
10 years$20,212$18,269$16,495$14,879$13,409$10,641
11 years$18,187$16,264$14,522$12,949$11,532$8,907
12 years$16,501$14,598$12,888$11,358$9,994$7,507
13 years$15,075$13,192$11,514$10,027$8,715$6,363
14 years$13,855$11,991$10,346$8,901$7,639$5,419
15 years$12,797$10,954$9,341$7,938$6,726$4,632
16 years$11,873$10,050$8,469$7,108$5,945$3,972
17 years$11,059$9,256$7,706$6,386$5,271$3,416
18 years$10,336$8,553$7,035$5,755$4,687$2,944
19 years$9,689$7,927$6,440$5,200$4,177$2,542
20 years$9,108$7,366$5,910$4,710$3,731$2,199
21 years$8,584$6,861$5,436$4,275$3,339$1,905
22 years$8,107$6,404$5,011$3,887$2,993$1,652
23 years$7,672$5,990$4,626$3,540$2,687$1,434
24 years$7,275$5,612$4,279$3,228$2,415$1,246
25 years$6,909$5,267$3,963$2,948$2,173$1,084
26 years$6,573$4,950$3,675$2,696$1,957$943
27 years$6,262$4,658$3,413$2,468$1,765$821
28 years$5,973$4,390$3,173$2,261$1,592$715
29 years$5,705$4,141$2,952$2,073$1,438$623
30 years$5,455$3,911$2,750$1,903$1,299$543
31 years$5,222$3,697$2,564$1,747$1,175$474
32 years$5,004$3,498$2,392$1,606$1,062$414
33 years$4,799$3,313$2,234$1,477$962$361
34 years$4,607$3,140$2,087$1,359$871$315
35 years$4,427$2,978$1,951$1,251$789$275
36 years$4,256$2,827$1,825$1,152$714$240
37 years$4,096$2,685$1,708$1,061$648$210
38 years$3,944$2,551$1,600$978$587$183
39 years$3,800$2,426$1,499$902$532$160
40 years$3,664$2,308$1,405$832$483$140
41 years$3,535$2,197$1,317$768$438$122
42 years$3,412$2,093$1,236$708$397$107
43 years$3,295$1,994$1,160$654$361$93
44 years$3,184$1,900$1,088$604$327$81
45 years$3,078$1,812$1,022$558$297$71
46 years$2,977$1,729$960$515$270$62
47 years$2,881$1,650$902$476$245$54
48 years$2,789$1,575$847$440$223$47
49 years$2,701$1,504$797$406$202$41
50 years$2,617$1,437$749$376$184$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $2,680,000, adding $2,871 every year, while hoping to spend $29,496 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: 47/39/14 Blend
62$2,680,000$2,680,000$2,680,000$2,680,000
63$2,956,321$2,814,281$2,772,741$3,083,523
64$3,226,483$2,920,798$2,834,245$3,278,390
65$3,523,212$3,031,545$2,896,820$3,486,511
66$3,849,188$3,146,699$2,960,472$3,711,740
67$4,207,361$3,266,443$3,025,204$3,955,683
68$4,600,983$3,390,970$3,091,019$4,220,102
69$5,033,636$3,520,480$3,157,921$4,506,934
70$5,509,264$3,655,181$3,225,909$4,818,308
71$6,032,217$3,795,292$3,294,984$5,156,567
72$6,607,281$3,941,040$3,365,145$5,524,283
73$7,239,736$4,092,663$3,436,389$5,924,286
74$7,935,394$4,250,408$3,508,713$6,359,688
75$8,700,661$4,414,535$3,582,111$6,833,913
76$9,542,595$4,585,314$3,656,578$7,350,726
77$10,468,971$4,763,026$3,732,106$7,914,269
78$11,488,359$4,947,967$3,808,684$8,529,098
79$12,610,198$5,140,444$3,886,301$9,200,227
80$13,844,891$5,340,778$3,964,945$9,933,174
81$15,203,898$5,549,305$4,044,599$10,734,011
82$16,699,849$5,766,374$4,125,247$11,609,418
83$18,346,660$5,992,353$4,206,868$12,566,751
84$20,159,663$6,227,622$4,289,442$13,614,104
85$22,155,754$6,472,581$4,372,944$14,760,389
86$24,353,551$6,727,647$4,457,348$16,015,414
87$26,773,567$6,993,256$4,542,622$17,389,979
88$29,438,407$7,269,861$4,628,737$18,895,973
89$32,372,979$7,557,940$4,715,655$20,546,486
90$35,604,732$7,857,988$4,803,338$22,355,934
91$39,163,909$8,170,523$4,891,744$24,340,186
92$43,083,839$8,496,090$4,980,828$26,516,720
93$47,401,245$8,835,253$5,070,540$28,904,782
94$52,156,596$9,188,605$5,160,828$31,525,567
95$57,394,487$9,556,765$5,251,634$34,402,416
96$63,164,057$9,940,378$5,342,896$37,561,038
97$69,519,457$10,340,122$5,434,549$41,029,745
98$76,520,356$10,756,703$5,526,520$44,839,723
99$84,232,509$11,190,858$5,618,735$49,025,318
100$92,728,374$11,643,360$5,711,113$53,624,366