Can I retire at age 63 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$132,952$131,768$130,613$129,485$128,384$127,468
2 years$65,818$64,592$63,404$62,252$61,135$60,211
3 years$43,443$42,212$41,027$39,886$38,787$37,884
4 years$32,257$31,030$29,857$28,735$27,663$26,788
5 years$25,548$24,328$23,170$22,072$21,029$20,185
6 years$21,076$19,866$18,725$17,651$16,639$15,827
7 years$17,884$16,683$15,561$14,512$13,532$12,752
8 years$15,490$14,300$13,197$12,173$11,226$10,478
9 years$13,630$12,451$11,366$10,369$9,454$8,737
10 years$12,142$10,975$9,909$8,938$8,055$7,370
11 years$10,926$9,770$8,724$7,779$6,928$6,273
12 years$9,913$8,769$7,742$6,823$6,004$5,379
13 years$9,056$7,925$6,917$6,024$5,235$4,640
14 years$8,323$7,204$6,215$5,347$4,589$4,023
15 years$7,688$6,581$5,611$4,769$4,041$3,503
16 years$7,133$6,038$5,088$4,270$3,571$3,061
17 years$6,644$5,560$4,630$3,837$3,166$2,682
18 years$6,209$5,138$4,226$3,458$2,815$2,357
19 years$5,821$4,762$3,869$3,124$2,509$2,076
20 years$5,472$4,425$3,551$2,830$2,242$1,832
21 years$5,157$4,122$3,266$2,568$2,006$1,619
22 years$4,870$3,847$3,010$2,335$1,798$1,433
23 years$4,609$3,598$2,779$2,126$1,614$1,270
24 years$4,370$3,372$2,570$1,939$1,451$1,127
25 years$4,151$3,164$2,381$1,771$1,305$1,001
26 years$3,949$2,974$2,208$1,619$1,176$890
27 years$3,762$2,799$2,050$1,482$1,060$792
28 years$3,588$2,637$1,906$1,358$957$705
29 years$3,427$2,488$1,774$1,245$864$628
30 years$3,277$2,349$1,652$1,143$780$560
31 years$3,137$2,221$1,540$1,050$706$499
32 years$3,006$2,102$1,437$965$638$445
33 years$2,883$1,990$1,342$887$578$397
34 years$2,768$1,886$1,254$816$523$355
35 years$2,659$1,789$1,172$751$474$317
36 years$2,557$1,698$1,096$692$429$283
37 years$2,461$1,613$1,026$638$389$253
38 years$2,369$1,533$961$588$353$226
39 years$2,283$1,457$900$542$320$202
40 years$2,201$1,387$844$500$290$181
41 years$2,123$1,320$791$461$263$161
42 years$2,050$1,257$742$426$239$144
43 years$1,980$1,198$697$393$217$129
44 years$1,913$1,142$654$363$197$116
45 years$1,849$1,089$614$335$179$103
46 years$1,789$1,039$577$309$162$92
47 years$1,731$991$542$286$147$83
48 years$1,675$946$509$264$134$74
49 years$1,623$904$479$244$121$66
50 years$1,572$863$450$226$110$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,610,000, adding $6,914 every year, while hoping to spend $43,482 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: 54/41/5 Blend
62$1,610,000$1,610,000$1,610,000$1,610,000
63$1,781,352$1,696,022$1,671,067$1,875,293
64$1,916,785$1,732,862$1,680,783$1,976,337
65$2,064,575$1,770,051$1,689,367$2,080,834
66$2,225,937$1,807,558$1,696,736$2,193,485
67$2,402,207$1,845,353$1,702,801$2,315,067
68$2,594,857$1,883,400$1,707,470$2,446,437
69$2,805,507$1,921,662$1,710,645$2,588,538
70$3,035,942$1,960,096$1,712,225$2,742,408
71$3,288,126$1,998,659$1,712,103$2,909,192
72$3,564,223$2,037,301$1,710,165$3,090,149
73$3,866,613$2,075,968$1,706,295$3,286,670
74$4,197,920$2,114,603$1,700,369$3,500,283
75$4,561,034$2,153,144$1,692,257$3,732,674
76$4,959,135$2,191,524$1,681,824$3,985,701
77$5,395,728$2,229,670$1,668,926$4,261,411
78$5,874,673$2,267,505$1,653,416$4,562,060
79$6,400,220$2,304,943$1,635,136$4,890,133
80$6,977,053$2,341,896$1,613,923$5,248,369
81$7,610,329$2,378,265$1,589,606$5,639,789
82$8,305,730$2,413,947$1,562,005$6,067,718
83$9,069,515$2,448,831$1,530,933$6,535,824
84$9,908,579$2,482,797$1,496,192$7,048,150
85$10,830,517$2,515,718$1,457,578$7,609,149
86$11,843,699$2,547,457$1,414,876$8,223,731
87$12,957,341$2,577,867$1,367,859$8,897,309
88$14,181,601$2,606,794$1,316,293$9,635,846
89$15,527,667$2,634,070$1,259,933$10,445,918
90$17,007,868$2,659,518$1,198,519$11,334,771
91$18,635,786$2,682,949$1,131,784$12,310,392
92$20,426,384$2,704,162$1,059,447$13,381,585
93$22,396,150$2,722,941$981,214$14,558,054
94$24,563,250$2,739,058$896,777$15,850,496
95$26,947,699$2,752,269$805,817$17,270,699
96$29,571,551$2,762,316$707,998$18,831,660
97$32,459,103$2,768,924$602,970$20,547,702
98$35,637,130$2,771,800$490,368$22,434,612
99$39,135,133$2,770,634$369,811$24,509,794
100$42,985,618$2,765,096$240,900$26,792,428