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%13.2%
1 years$129,649$128,494$127,368$126,268$125,194$123,527
2 years$64,183$62,987$61,829$60,706$59,616$57,940
3 years$42,363$41,163$40,007$38,895$37,823$36,189
4 years$31,456$30,259$29,115$28,021$26,976$25,396
5 years$24,913$23,724$22,595$21,523$20,506$18,987
6 years$20,553$19,372$18,260$17,212$16,226$14,767
7 years$17,439$16,269$15,174$14,151$13,196$11,799
8 years$15,105$13,945$12,869$11,871$10,947$9,612
9 years$13,291$12,142$11,084$10,111$9,219$7,945
10 years$11,840$10,702$9,663$8,716$7,855$6,641
11 years$10,654$9,528$8,507$7,586$6,756$5,601
12 years$9,667$8,552$7,550$6,654$5,854$4,757
13 years$8,831$7,728$6,745$5,874$5,105$4,064
14 years$8,116$7,025$6,061$5,214$4,475$3,489
15 years$7,497$6,417$5,472$4,650$3,940$3,007
16 years$6,956$5,888$4,961$4,164$3,482$2,601
17 years$6,479$5,422$4,515$3,741$3,088$2,255
18 years$6,055$5,010$4,121$3,372$2,746$1,961
19 years$5,676$4,644$3,773$3,047$2,447$1,708
20 years$5,336$4,315$3,462$2,759$2,186$1,491
21 years$5,028$4,019$3,185$2,504$1,956$1,303
22 years$4,749$3,752$2,935$2,277$1,753$1,140
23 years$4,495$3,509$2,710$2,074$1,574$999
24 years$4,262$3,288$2,506$1,891$1,415$877
25 years$4,048$3,085$2,321$1,727$1,273$769
26 years$3,850$2,900$2,153$1,579$1,147$676
27 years$3,668$2,729$1,999$1,446$1,034$594
28 years$3,499$2,572$1,859$1,324$933$523
29 years$3,342$2,426$1,730$1,215$842$460
30 years$3,196$2,291$1,611$1,115$761$405
31 years$3,059$2,166$1,502$1,024$688$357
32 years$2,931$2,049$1,401$941$622$314
33 years$2,812$1,941$1,308$865$563$277
34 years$2,699$1,839$1,223$796$510$244
35 years$2,593$1,745$1,143$733$462$215
36 years$2,494$1,656$1,069$675$419$190
37 years$2,399$1,573$1,001$622$379$168
38 years$2,310$1,495$937$573$344$148
39 years$2,226$1,421$878$528$312$131
40 years$2,146$1,352$823$487$283$115
41 years$2,071$1,287$772$450$257$102
42 years$1,999$1,226$724$415$233$90
43 years$1,930$1,168$679$383$211$79
44 years$1,865$1,113$638$354$192$70
45 years$1,803$1,062$599$327$174$62
46 years$1,744$1,013$562$302$158$55
47 years$1,688$967$528$279$144$48
48 years$1,634$923$496$258$130$43
49 years$1,582$881$467$238$118$38
50 years$1,533$842$439$220$108$33

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 $2,219 every year, while hoping to spend $52,759 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: 66/8/26 Blend
62$1,570,000$1,570,000$1,570,000$1,570,000
63$1,732,429$1,649,219$1,624,884$1,834,872
64$1,853,001$1,673,895$1,623,182$1,928,852
65$1,984,104$1,698,013$1,619,656$2,025,423
66$2,126,755$1,721,488$1,614,187$2,129,822
67$2,282,076$1,744,232$1,606,653$2,242,825
68$2,451,298$1,766,150$1,596,926$2,365,284
69$2,635,779$1,787,140$1,584,872$2,498,143
70$2,837,012$1,807,094$1,570,349$2,642,442
71$3,056,642$1,825,896$1,553,210$2,799,325
72$3,296,476$1,843,421$1,533,299$2,970,058
73$3,558,507$1,859,540$1,510,456$3,156,034
74$3,844,928$1,874,110$1,484,509$3,358,791
75$4,158,153$1,886,984$1,455,282$3,580,025
76$4,500,839$1,898,001$1,422,589$3,821,606
77$4,875,914$1,906,992$1,386,235$4,085,596
78$5,286,600$1,913,777$1,346,016$4,374,270
79$5,736,446$1,918,166$1,301,721$4,690,137
80$6,229,361$1,919,953$1,253,126$5,035,961
81$6,769,649$1,918,924$1,199,999$5,414,793
82$7,362,051$1,914,849$1,142,096$5,829,997
83$8,011,787$1,907,483$1,079,164$6,285,281
84$8,724,609$1,896,569$1,010,935$6,784,736
85$9,506,850$1,881,833$937,133$7,332,871
86$10,365,489$1,862,982$857,467$7,934,658
87$11,308,210$1,839,710$771,633$8,595,580
88$12,343,481$1,811,689$679,316$9,321,684
89$13,480,626$1,778,572$580,184$10,119,633
90$14,729,921$1,739,993$473,891$10,996,778
91$16,102,684$1,695,563$360,077$11,961,221
92$17,611,383$1,644,871$238,365$13,021,895
93$19,269,756$1,587,482$108,362$14,188,650
94$21,092,936$1,522,933$0$15,472,345
95$23,097,596$1,450,738$0$16,893,376
96$25,302,108$1,370,381$0$18,489,145
97$27,726,709$1,281,316$0$20,244,231
98$30,393,699$1,182,966$0$22,174,804
99$33,327,645$1,074,721$0$24,298,680
100$36,555,619$955,936$0$26,635,493