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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$129,649$128,494$127,368$126,268$125,194$122,466
2 years$64,183$62,987$61,829$60,706$59,616$56,882
3 years$42,363$41,163$40,007$38,895$37,823$35,167
4 years$31,456$30,259$29,115$28,021$26,976$24,419
5 years$24,913$23,724$22,595$21,523$20,506$18,056
6 years$20,553$19,372$18,260$17,212$16,226$13,885
7 years$17,439$16,269$15,174$14,151$13,196$10,964
8 years$15,105$13,945$12,869$11,871$10,947$8,824
9 years$13,291$12,142$11,084$10,111$9,219$7,203
10 years$11,840$10,702$9,663$8,716$7,855$5,944
11 years$10,654$9,528$8,507$7,586$6,756$4,947
12 years$9,667$8,552$7,550$6,654$5,854$4,145
13 years$8,831$7,728$6,745$5,874$5,105$3,493
14 years$8,116$7,025$6,061$5,214$4,475$2,956
15 years$7,497$6,417$5,472$4,650$3,940$2,511
16 years$6,956$5,888$4,961$4,164$3,482$2,140
17 years$6,479$5,422$4,515$3,741$3,088$1,828
18 years$6,055$5,010$4,121$3,372$2,746$1,565
19 years$5,676$4,644$3,773$3,047$2,447$1,343
20 years$5,336$4,315$3,462$2,759$2,186$1,154
21 years$5,028$4,019$3,185$2,504$1,956$992
22 years$4,749$3,752$2,935$2,277$1,753$855
23 years$4,495$3,509$2,710$2,074$1,574$737
24 years$4,262$3,288$2,506$1,891$1,415$636
25 years$4,048$3,085$2,321$1,727$1,273$549
26 years$3,850$2,900$2,153$1,579$1,147$474
27 years$3,668$2,729$1,999$1,446$1,034$410
28 years$3,499$2,572$1,859$1,324$933$355
29 years$3,342$2,426$1,730$1,215$842$307
30 years$3,196$2,291$1,611$1,115$761$265
31 years$3,059$2,166$1,502$1,024$688$230
32 years$2,931$2,049$1,401$941$622$199
33 years$2,812$1,941$1,308$865$563$172
34 years$2,699$1,839$1,223$796$510$149
35 years$2,593$1,745$1,143$733$462$129
36 years$2,494$1,656$1,069$675$419$112
37 years$2,399$1,573$1,001$622$379$97
38 years$2,310$1,495$937$573$344$84
39 years$2,226$1,421$878$528$312$73
40 years$2,146$1,352$823$487$283$63
41 years$2,071$1,287$772$450$257$55
42 years$1,999$1,226$724$415$233$48
43 years$1,930$1,168$679$383$211$41
44 years$1,865$1,113$638$354$192$36
45 years$1,803$1,062$599$327$174$31
46 years$1,744$1,013$562$302$158$27
47 years$1,688$967$528$279$144$23
48 years$1,634$923$496$258$130$20
49 years$1,582$881$467$238$118$18
50 years$1,533$842$439$220$108$15

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 $2,706 every year, while hoping to spend $57,698 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: 42/30/28 Blend
62$1,570,000$1,570,000$1,570,000$1,570,000
63$1,732,931$1,649,721$1,625,386$1,791,405
64$1,848,300$1,669,167$1,618,446$1,853,208
65$1,973,503$1,687,633$1,609,340$1,914,462
66$2,109,481$1,705,008$1,597,935$1,979,700
67$2,257,272$1,721,177$1,584,089$2,049,323
68$2,418,015$1,736,016$1,567,657$2,123,778
69$2,592,965$1,749,393$1,548,486$2,203,560
70$2,783,501$1,761,167$1,526,414$2,289,217
71$2,991,143$1,771,189$1,501,274$2,381,357
72$3,217,562$1,779,299$1,472,889$2,480,651
73$3,464,597$1,785,329$1,441,074$2,587,846
74$3,734,273$1,789,097$1,405,638$2,703,765
75$4,028,819$1,790,413$1,366,377$2,829,322
76$4,350,689$1,789,074$1,323,081$2,965,528
77$4,702,584$1,784,863$1,275,528$3,113,501
78$5,087,478$1,777,552$1,223,489$3,274,479
79$5,508,646$1,766,897$1,166,721$3,449,832
80$5,969,693$1,752,641$1,104,972$3,641,074
81$6,474,592$1,734,510$1,037,979$3,849,881
82$7,027,714$1,712,215$965,465$4,078,107
83$7,633,874$1,685,447$887,141$4,327,799
84$8,298,378$1,653,882$802,709$4,601,225
85$9,027,064$1,617,174$711,851$4,900,886
86$9,826,368$1,574,959$614,242$5,229,553
87$10,703,374$1,526,849$509,536$5,590,283
88$11,665,889$1,472,435$397,376$5,986,456
89$12,722,510$1,411,285$277,388$6,421,809
90$13,882,707$1,342,939$149,182$6,900,467
91$15,156,913$1,266,913$12,349$7,426,988
92$16,556,621$1,182,694$0$8,006,408
93$18,094,490$1,089,739$0$8,684,224
94$19,784,468$987,477$0$9,433,174
95$21,641,921$875,300$0$10,256,485
96$23,683,776$752,569$0$11,161,788
97$25,928,683$618,607$0$12,157,503
98$28,397,190$472,700$0$13,252,912
99$31,111,933$314,092$0$14,458,255
100$34,097,855$141,987$0$15,784,824