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%18.9%
1 years$132,952$131,768$130,613$129,485$128,384$123,779
2 years$65,818$64,592$63,404$62,252$61,135$56,546
3 years$43,443$42,212$41,027$39,886$38,787$34,357
4 years$32,257$31,030$29,857$28,735$27,663$23,427
5 years$25,548$24,328$23,170$22,072$21,029$16,997
6 years$21,076$19,866$18,725$17,651$16,639$12,815
7 years$17,884$16,683$15,561$14,512$13,532$9,915
8 years$15,490$14,300$13,197$12,173$11,226$7,813
9 years$13,630$12,451$11,366$10,369$9,454$6,240
10 years$12,142$10,975$9,909$8,938$8,055$5,034
11 years$10,926$9,770$8,724$7,779$6,928$4,094
12 years$9,913$8,769$7,742$6,823$6,004$3,350
13 years$9,056$7,925$6,917$6,024$5,235$2,755
14 years$8,323$7,204$6,215$5,347$4,589$2,274
15 years$7,688$6,581$5,611$4,769$4,041$1,884
16 years$7,133$6,038$5,088$4,270$3,571$1,564
17 years$6,644$5,560$4,630$3,837$3,166$1,302
18 years$6,209$5,138$4,226$3,458$2,815$1,085
19 years$5,821$4,762$3,869$3,124$2,509$906
20 years$5,472$4,425$3,551$2,830$2,242$757
21 years$5,157$4,122$3,266$2,568$2,006$634
22 years$4,870$3,847$3,010$2,335$1,798$531
23 years$4,609$3,598$2,779$2,126$1,614$445
24 years$4,370$3,372$2,570$1,939$1,451$373
25 years$4,151$3,164$2,381$1,771$1,305$313
26 years$3,949$2,974$2,208$1,619$1,176$263
27 years$3,762$2,799$2,050$1,482$1,060$220
28 years$3,588$2,637$1,906$1,358$957$185
29 years$3,427$2,488$1,774$1,245$864$155
30 years$3,277$2,349$1,652$1,143$780$131
31 years$3,137$2,221$1,540$1,050$706$110
32 years$3,006$2,102$1,437$965$638$92
33 years$2,883$1,990$1,342$887$578$78
34 years$2,768$1,886$1,254$816$523$65
35 years$2,659$1,789$1,172$751$474$55
36 years$2,557$1,698$1,096$692$429$46
37 years$2,461$1,613$1,026$638$389$39
38 years$2,369$1,533$961$588$353$33
39 years$2,283$1,457$900$542$320$27
40 years$2,201$1,387$844$500$290$23
41 years$2,123$1,320$791$461$263$19
42 years$2,050$1,257$742$426$239$16
43 years$1,980$1,198$697$393$217$14
44 years$1,913$1,142$654$363$197$12
45 years$1,849$1,089$614$335$179$10
46 years$1,789$1,039$577$309$162$8
47 years$1,731$991$542$286$147$7
48 years$1,675$946$509$264$134$6
49 years$1,623$904$479$244$121$5
50 years$1,572$863$450$226$110$4

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 $6,418 every year, while hoping to spend $27,984 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: 43/50/7 Blend
62$1,610,000$1,610,000$1,610,000$1,610,000
63$1,780,840$1,695,510$1,670,555$1,853,552
64$1,932,711$1,748,815$1,696,744$1,957,944
65$2,099,135$1,803,795$1,722,872$2,067,599
66$2,281,567$1,860,501$1,748,908$2,185,740
67$2,481,608$1,918,987$1,774,819$2,313,153
68$2,701,025$1,979,310$1,800,568$2,450,701
69$2,941,760$2,041,527$1,826,118$2,599,332
70$3,205,956$2,105,697$1,851,428$2,760,090
71$3,495,969$2,171,882$1,876,457$2,934,120
72$3,814,398$2,240,145$1,901,159$3,122,684
73$4,164,105$2,310,551$1,925,486$3,327,169
74$4,548,243$2,383,167$1,949,389$3,549,100
75$4,970,283$2,458,061$1,972,813$3,790,156
76$5,434,053$2,535,307$1,995,702$4,052,182
77$5,943,766$2,614,977$2,017,998$4,337,211
78$6,504,066$2,697,146$2,039,637$4,647,477
79$7,120,069$2,781,895$2,060,553$4,985,443
80$7,797,410$2,869,302$2,080,676$5,353,814
81$8,542,301$2,959,452$2,099,933$5,755,574
82$9,361,580$3,052,431$2,118,246$6,194,002
83$10,262,788$3,148,326$2,135,533$6,672,712
84$11,254,227$3,247,229$2,151,709$7,195,680
85$12,345,050$3,349,235$2,166,683$7,767,285
86$13,545,337$3,454,439$2,180,359$8,392,350
87$14,866,198$3,562,944$2,192,638$9,076,183
88$16,319,873$3,674,851$2,203,414$9,824,632
89$17,919,849$3,790,267$2,212,577$10,644,135
90$19,680,985$3,909,302$2,220,010$11,541,782
91$21,619,657$4,032,069$2,225,591$12,525,385
92$23,753,906$4,158,685$2,229,193$13,603,544
93$26,103,614$4,289,270$2,230,680$14,785,734
94$28,690,687$4,423,948$2,229,912$16,082,390
95$31,539,262$4,562,847$2,226,740$17,505,007
96$34,675,940$4,706,099$2,221,008$19,066,248
97$38,130,028$4,853,840$2,212,554$20,780,060
98$41,933,823$5,006,210$2,201,207$22,661,808
99$46,122,913$5,163,355$2,186,787$24,728,419
100$50,736,513$5,325,422$2,169,108$26,998,542