Can I retire at age 63 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$131,301$130,131$128,990$127,876$126,789$126,148
2 years$65,000$63,790$62,617$61,479$60,376$59,729
3 years$42,903$41,687$40,517$39,390$38,305$37,673
4 years$31,857$30,645$29,486$28,378$27,319$26,706
5 years$25,231$24,026$22,882$21,797$20,768$20,175
6 years$20,815$19,619$18,492$17,432$16,433$15,862
7 years$17,662$16,476$15,367$14,331$13,364$12,815
8 years$15,298$14,123$13,033$12,022$11,087$10,560
9 years$13,460$12,296$11,225$10,240$9,337$8,831
10 years$11,991$10,839$9,786$8,827$7,955$7,472
11 years$10,790$9,649$8,616$7,682$6,842$6,379
12 years$9,790$8,661$7,646$6,738$5,929$5,487
13 years$8,944$7,827$6,831$5,949$5,170$4,749
14 years$8,220$7,114$6,138$5,281$4,532$4,131
15 years$7,593$6,499$5,542$4,710$3,991$3,608
16 years$7,044$5,963$5,024$4,217$3,527$3,164
17 years$6,561$5,491$4,572$3,789$3,127$2,782
18 years$6,132$5,074$4,174$3,415$2,781$2,453
19 years$5,749$4,703$3,821$3,085$2,478$2,168
20 years$5,404$4,370$3,507$2,794$2,214$1,920
21 years$5,092$4,071$3,225$2,536$1,981$1,703
22 years$4,810$3,800$2,973$2,306$1,776$1,514
23 years$4,552$3,554$2,745$2,100$1,594$1,347
24 years$4,316$3,330$2,538$1,915$1,433$1,199
25 years$4,099$3,125$2,351$1,749$1,289$1,069
26 years$3,900$2,937$2,180$1,599$1,161$954
27 years$3,715$2,764$2,025$1,464$1,047$853
28 years$3,544$2,604$1,882$1,341$945$762
29 years$3,385$2,457$1,752$1,230$853$682
30 years$3,237$2,320$1,632$1,129$771$610
31 years$3,098$2,193$1,521$1,037$697$546
32 years$2,969$2,075$1,419$953$630$489
33 years$2,847$1,965$1,325$876$570$438
34 years$2,734$1,863$1,238$806$517$393
35 years$2,626$1,767$1,158$742$468$352
36 years$2,525$1,677$1,083$683$424$316
37 years$2,430$1,593$1,014$630$384$284
38 years$2,340$1,514$949$580$348$255
39 years$2,255$1,439$889$535$316$229
40 years$2,174$1,369$833$494$286$205
41 years$2,097$1,304$782$455$260$184
42 years$2,024$1,241$733$420$236$165
43 years$1,955$1,183$688$388$214$149
44 years$1,889$1,128$646$358$194$134
45 years$1,826$1,075$606$331$176$120
46 years$1,766$1,026$569$306$160$108
47 years$1,709$979$535$282$145$97
48 years$1,655$934$503$261$132$87
49 years$1,602$892$473$241$120$78
50 years$1,552$852$444$223$109$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,590,000, adding $5,634 every year, while hoping to spend $39,855 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: 82/12/6 Blend
62$1,590,000$1,590,000$1,590,000$1,590,000
63$1,757,991$1,673,721$1,649,076$1,901,007
64$1,894,901$1,713,328$1,661,915$2,034,919
65$2,044,440$1,753,540$1,673,848$2,175,972
66$2,207,854$1,794,345$1,684,803$2,329,581
67$2,386,515$1,835,727$1,694,704$2,496,980
68$2,581,933$1,877,672$1,703,470$2,679,525
69$2,795,771$1,920,159$1,711,018$2,878,713
70$3,029,862$1,963,169$1,717,258$3,096,190
71$3,286,220$2,006,677$1,722,099$3,333,770
72$3,567,068$2,050,657$1,725,443$3,593,451
73$3,874,850$2,095,080$1,727,186$3,877,432
74$4,212,260$2,139,914$1,727,222$4,188,137
75$4,582,264$2,185,124$1,725,438$4,528,234
76$4,988,130$2,230,670$1,721,715$4,900,666
77$5,433,456$2,276,510$1,715,929$5,308,669
78$5,922,207$2,322,596$1,707,951$5,755,813
79$6,458,747$2,368,879$1,697,643$6,246,028
80$7,047,888$2,415,303$1,684,863$6,783,646
81$7,694,928$2,461,808$1,669,460$7,373,436
82$8,405,702$2,508,328$1,651,279$8,020,656
83$9,186,641$2,554,793$1,630,154$8,731,096
84$10,044,827$2,601,127$1,605,913$9,511,138
85$10,988,065$2,647,248$1,578,377$10,367,811
86$12,024,951$2,693,067$1,547,356$11,308,861
87$13,164,957$2,738,487$1,512,653$12,342,823
88$14,418,517$2,783,408$1,474,061$13,479,101
89$15,797,129$2,827,718$1,431,365$14,728,057
90$17,313,458$2,871,298$1,384,338$16,101,109
91$18,981,462$2,914,023$1,332,744$17,610,836
92$20,816,515$2,955,754$1,276,336$19,271,101
93$22,835,561$2,996,347$1,214,854$21,097,181
94$25,057,266$3,035,646$1,148,029$23,105,906
95$27,502,198$3,073,484$1,075,579$25,315,825
96$30,193,020$3,109,682$997,208$27,747,375
97$33,154,701$3,144,049$912,608$30,423,079
98$36,414,757$3,176,384$821,457$33,367,754
99$40,003,504$3,206,469$723,418$36,608,748
100$43,954,348$3,234,073$618,139$40,176,198