Can I retire at age 63 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$136,255$135,042$133,858$132,702$131,573$129,607
2 years$67,453$66,197$64,979$63,799$62,654$60,677
3 years$44,522$43,260$42,046$40,877$39,750$37,825
4 years$33,059$31,801$30,599$29,449$28,350$26,491
5 years$26,183$24,932$23,746$22,620$21,551$19,764
6 years$21,600$20,359$19,190$18,089$17,053$15,339
7 years$18,328$17,098$15,947$14,872$13,869$12,228
8 years$15,875$14,656$13,524$12,476$11,505$9,939
9 years$13,968$12,761$11,649$10,627$9,689$8,196
10 years$12,444$11,248$10,156$9,160$8,256$6,834
11 years$11,197$10,013$8,941$7,972$7,100$5,749
12 years$10,159$8,987$7,935$6,993$6,153$4,871
13 years$9,281$8,122$7,089$6,174$5,365$4,150
14 years$8,530$7,383$6,370$5,480$4,703$3,553
15 years$7,879$6,744$5,751$4,887$4,141$3,054
16 years$7,310$6,188$5,214$4,376$3,660$2,634
17 years$6,809$5,699$4,745$3,932$3,245$2,278
18 years$6,363$5,266$4,331$3,543$2,885$1,975
19 years$5,966$4,880$3,965$3,202$2,572$1,715
20 years$5,608$4,535$3,639$2,900$2,297$1,492
21 years$5,285$4,224$3,347$2,632$2,056$1,301
22 years$4,991$3,943$3,085$2,393$1,843$1,135
23 years$4,724$3,688$2,848$2,179$1,654$991
24 years$4,479$3,455$2,634$1,988$1,487$867
25 years$4,254$3,243$2,440$1,815$1,338$759
26 years$4,047$3,048$2,263$1,660$1,205$664
27 years$3,855$2,868$2,101$1,519$1,086$582
28 years$3,677$2,703$1,953$1,392$980$510
29 years$3,512$2,550$1,818$1,276$885$448
30 years$3,359$2,408$1,693$1,171$800$393
31 years$3,215$2,276$1,578$1,076$723$345
32 years$3,081$2,154$1,473$989$654$303
33 years$2,955$2,040$1,375$909$592$266
34 years$2,837$1,933$1,285$837$536$234
35 years$2,725$1,834$1,201$770$485$206
36 years$2,621$1,740$1,124$709$440$181
37 years$2,522$1,653$1,052$653$399$159
38 years$2,428$1,571$985$602$361$140
39 years$2,340$1,494$923$555$328$123
40 years$2,256$1,421$865$512$297$108
41 years$2,176$1,353$811$473$270$95
42 years$2,101$1,288$761$436$245$84
43 years$2,029$1,228$714$403$222$74
44 years$1,960$1,170$670$372$202$65
45 years$1,895$1,116$629$343$183$57
46 years$1,833$1,064$591$317$166$50
47 years$1,774$1,016$555$293$151$44
48 years$1,717$970$522$271$137$39
49 years$1,663$926$490$250$124$34
50 years$1,611$885$461$231$113$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,650,000, adding $4,316 every year, while hoping to spend $49,431 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: 62/9/29 Blend
62$1,650,000$1,650,000$1,650,000$1,650,000
63$1,822,752$1,735,302$1,709,727$1,921,293
64$1,956,078$1,767,738$1,714,409$2,021,266
65$2,101,348$1,800,106$1,717,590$2,124,657
66$2,259,725$1,832,351$1,719,170$2,236,517
67$2,432,495$1,864,414$1,719,039$2,357,685
68$2,621,068$1,896,229$1,717,086$2,489,085
69$2,827,001$1,927,728$1,713,193$2,631,738
70$3,052,004$1,958,836$1,707,233$2,786,769
71$3,297,962$1,989,472$1,699,079$2,955,421
72$3,566,949$2,019,551$1,688,594$3,139,060
73$3,861,250$2,048,981$1,675,633$3,339,196
74$4,183,379$2,077,663$1,660,049$3,557,494
75$4,536,106$2,105,491$1,641,683$3,795,789
76$4,922,481$2,132,352$1,620,371$4,056,104
77$5,345,863$2,158,126$1,595,942$4,340,673
78$5,809,950$2,182,684$1,568,216$4,651,956
79$6,318,816$2,205,887$1,537,002$4,992,668
80$6,876,949$2,227,589$1,502,106$5,365,800
81$7,489,290$2,247,633$1,463,318$5,774,654
82$8,161,283$2,265,852$1,420,425$6,222,868
83$8,898,924$2,282,069$1,373,200$6,714,455
84$9,708,818$2,296,094$1,321,405$7,253,838
85$10,598,241$2,307,726$1,264,796$7,845,897
86$11,575,207$2,316,750$1,203,112$8,496,010
87$12,648,546$2,322,939$1,136,084$9,210,106
88$13,827,984$2,326,050$1,063,429$9,994,725
89$15,124,238$2,325,825$984,854$10,857,076
90$16,549,112$2,321,993$900,048$11,805,106
91$18,115,613$2,314,262$808,691$12,847,578
92$19,838,069$2,302,324$710,446$13,994,153
93$21,732,268$2,285,854$604,962$15,255,481
94$23,815,603$2,264,504$491,871$16,643,303
95$26,107,237$2,237,907$370,792$18,170,563
96$28,628,284$2,205,674$241,323$19,851,532
97$31,402,009$2,167,392$103,047$21,701,940
98$34,454,044$2,122,624$0$23,739,129
99$37,812,630$2,070,907$0$25,995,990
100$41,508,887$2,011,750$0$28,514,745