Can I retire at age 63 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$129,649$128,494$127,368$126,268$125,194$121,186
2 years$64,183$62,987$61,829$60,706$59,616$55,616
3 years$42,363$41,163$40,007$38,895$37,823$33,955
4 years$31,456$30,259$29,115$28,021$26,976$23,270
5 years$24,913$23,724$22,595$21,523$20,506$16,973
6 years$20,553$19,372$18,260$17,212$16,226$12,867
7 years$17,439$16,269$15,174$14,151$13,196$10,012
8 years$15,105$13,945$12,869$11,871$10,947$7,936
9 years$13,291$12,142$11,084$10,111$9,219$6,377
10 years$11,840$10,702$9,663$8,716$7,855$5,178
11 years$10,654$9,528$8,507$7,586$6,756$4,238
12 years$9,667$8,552$7,550$6,654$5,854$3,491
13 years$8,831$7,728$6,745$5,874$5,105$2,890
14 years$8,116$7,025$6,061$5,214$4,475$2,403
15 years$7,497$6,417$5,472$4,650$3,940$2,004
16 years$6,956$5,888$4,961$4,164$3,482$1,677
17 years$6,479$5,422$4,515$3,741$3,088$1,406
18 years$6,055$5,010$4,121$3,372$2,746$1,181
19 years$5,676$4,644$3,773$3,047$2,447$993
20 years$5,336$4,315$3,462$2,759$2,186$836
21 years$5,028$4,019$3,185$2,504$1,956$705
22 years$4,749$3,752$2,935$2,277$1,753$595
23 years$4,495$3,509$2,710$2,074$1,574$503
24 years$4,262$3,288$2,506$1,891$1,415$425
25 years$4,048$3,085$2,321$1,727$1,273$359
26 years$3,850$2,900$2,153$1,579$1,147$304
27 years$3,668$2,729$1,999$1,446$1,034$257
28 years$3,499$2,572$1,859$1,324$933$218
29 years$3,342$2,426$1,730$1,215$842$185
30 years$3,196$2,291$1,611$1,115$761$156
31 years$3,059$2,166$1,502$1,024$688$132
32 years$2,931$2,049$1,401$941$622$112
33 years$2,812$1,941$1,308$865$563$95
34 years$2,699$1,839$1,223$796$510$81
35 years$2,593$1,745$1,143$733$462$68
36 years$2,494$1,656$1,069$675$419$58
37 years$2,399$1,573$1,001$622$379$49
38 years$2,310$1,495$937$573$344$42
39 years$2,226$1,421$878$528$312$35
40 years$2,146$1,352$823$487$283$30
41 years$2,071$1,287$772$450$257$25
42 years$1,999$1,226$724$415$233$22
43 years$1,930$1,168$679$383$211$18
44 years$1,865$1,113$638$354$192$15
45 years$1,803$1,062$599$327$174$13
46 years$1,744$1,013$562$302$158$11
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$8
49 years$1,582$881$467$238$118$7
50 years$1,533$842$439$220$108$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,570,000, adding $4,087 every year, while hoping to spend $40,455 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: 55/24/21 Blend
62$1,570,000$1,570,000$1,570,000$1,570,000
63$1,734,356$1,651,146$1,626,811$1,819,645
64$1,868,216$1,689,008$1,638,265$1,916,335
65$2,014,375$1,727,370$1,648,747$2,016,956
66$2,174,043$1,766,213$1,658,182$2,125,662
67$2,348,554$1,805,516$1,666,490$2,243,240
68$2,539,377$1,845,257$1,673,589$2,370,556
69$2,748,130$1,885,411$1,679,390$2,508,564
70$2,976,592$1,925,949$1,683,802$2,658,316
71$3,226,724$1,966,840$1,686,729$2,820,974
72$3,500,685$2,008,050$1,688,069$2,997,813
73$3,800,852$2,049,542$1,687,717$3,190,244
74$4,129,843$2,091,274$1,685,560$3,399,819
75$4,490,543$2,133,202$1,681,482$3,628,248
76$4,886,127$2,175,278$1,675,361$3,877,419
77$5,320,093$2,217,448$1,667,067$4,149,410
78$5,796,295$2,259,655$1,656,466$4,446,513
79$6,318,977$2,301,837$1,643,416$4,771,255
80$6,892,812$2,343,928$1,627,771$5,126,419
81$7,522,952$2,385,853$1,609,375$5,515,076
82$8,215,070$2,427,536$1,588,065$5,940,610
83$8,975,413$2,468,892$1,563,671$6,406,749
84$9,810,867$2,509,829$1,536,016$6,917,605
85$10,729,017$2,550,252$1,504,914$7,477,711
86$11,738,217$2,590,055$1,470,169$8,092,061
87$12,847,673$2,629,125$1,431,577$8,766,164
88$14,067,526$2,667,343$1,388,926$9,506,090
89$15,408,950$2,704,580$1,341,991$10,318,529
90$16,884,256$2,740,697$1,290,541$11,210,858
91$18,507,006$2,775,546$1,234,330$12,191,208
92$20,292,143$2,808,971$1,173,103$13,268,542
93$22,256,134$2,840,803$1,106,594$14,452,738
94$24,417,119$2,870,861$1,034,524$15,754,686
95$26,795,086$2,898,955$956,601$17,186,390
96$29,412,060$2,924,878$872,522$18,761,082
97$32,292,307$2,948,414$781,969$20,493,346
98$35,462,566$2,969,330$684,609$22,399,258
99$38,952,300$2,987,379$580,095$24,496,537
100$42,793,971$3,002,298$468,065$26,804,717