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%11.6%
1 years$136,255$135,042$133,858$132,702$131,573$130,689
2 years$67,453$66,197$64,979$63,799$62,654$61,762
3 years$44,522$43,260$42,046$40,877$39,750$38,879
4 years$33,059$31,801$30,599$29,449$28,350$27,506
5 years$26,183$24,932$23,746$22,620$21,551$20,736
6 years$21,600$20,359$19,190$18,089$17,053$16,268
7 years$18,328$17,098$15,947$14,872$13,869$13,114
8 years$15,875$14,656$13,524$12,476$11,505$10,782
9 years$13,968$12,761$11,649$10,627$9,689$8,996
10 years$12,444$11,248$10,156$9,160$8,256$7,593
11 years$11,197$10,013$8,941$7,972$7,100$6,467
12 years$10,159$8,987$7,935$6,993$6,153$5,549
13 years$9,281$8,122$7,089$6,174$5,365$4,790
14 years$8,530$7,383$6,370$5,480$4,703$4,155
15 years$7,879$6,744$5,751$4,887$4,141$3,620
16 years$7,310$6,188$5,214$4,376$3,660$3,165
17 years$6,809$5,699$4,745$3,932$3,245$2,776
18 years$6,363$5,266$4,331$3,543$2,885$2,441
19 years$5,966$4,880$3,965$3,202$2,572$2,151
20 years$5,608$4,535$3,639$2,900$2,297$1,900
21 years$5,285$4,224$3,347$2,632$2,056$1,680
22 years$4,991$3,943$3,085$2,393$1,843$1,489
23 years$4,724$3,688$2,848$2,179$1,654$1,320
24 years$4,479$3,455$2,634$1,988$1,487$1,172
25 years$4,254$3,243$2,440$1,815$1,338$1,042
26 years$4,047$3,048$2,263$1,660$1,205$927
27 years$3,855$2,868$2,101$1,519$1,086$826
28 years$3,677$2,703$1,953$1,392$980$736
29 years$3,512$2,550$1,818$1,276$885$656
30 years$3,359$2,408$1,693$1,171$800$585
31 years$3,215$2,276$1,578$1,076$723$522
32 years$3,081$2,154$1,473$989$654$466
33 years$2,955$2,040$1,375$909$592$416
34 years$2,837$1,933$1,285$837$536$372
35 years$2,725$1,834$1,201$770$485$333
36 years$2,621$1,740$1,124$709$440$297
37 years$2,522$1,653$1,052$653$399$266
38 years$2,428$1,571$985$602$361$238
39 years$2,340$1,494$923$555$328$213
40 years$2,256$1,421$865$512$297$190
41 years$2,176$1,353$811$473$270$170
42 years$2,101$1,288$761$436$245$152
43 years$2,029$1,228$714$403$222$136
44 years$1,960$1,170$670$372$202$122
45 years$1,895$1,116$629$343$183$109
46 years$1,833$1,064$591$317$166$98
47 years$1,774$1,016$555$293$151$88
48 years$1,717$970$522$271$137$79
49 years$1,663$926$490$250$124$70
50 years$1,611$885$461$231$113$63

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 $4,583 every year, while hoping to spend $52,402 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: 44/43/13 Blend
62$1,650,000$1,650,000$1,650,000$1,650,000
63$1,823,027$1,735,577$1,710,002$1,896,231
64$1,953,221$1,764,865$1,711,532$1,977,028
65$2,094,938$1,793,832$1,711,357$2,058,910
66$2,249,298$1,822,407$1,709,364$2,146,505
67$2,417,535$1,850,513$1,705,436$2,240,361
68$2,601,004$1,878,068$1,699,448$2,341,082
69$2,801,198$1,904,986$1,691,272$2,449,335
70$3,019,762$1,931,172$1,680,771$2,565,857
71$3,258,504$1,956,525$1,667,803$2,691,461
72$3,519,415$1,980,938$1,652,218$2,827,043
73$3,804,688$2,004,297$1,633,860$2,973,595
74$4,116,737$2,026,479$1,612,566$3,132,209
75$4,458,221$2,047,353$1,588,163$3,304,093
76$4,832,065$2,066,779$1,560,472$3,490,578
77$5,241,493$2,084,609$1,529,306$3,693,136
78$5,690,055$2,100,684$1,494,467$3,913,390
79$6,181,659$2,114,835$1,455,749$4,153,130
80$6,720,609$2,126,884$1,412,938$4,414,336
81$7,311,648$2,136,638$1,365,809$4,699,189
82$7,959,997$2,143,894$1,314,124$5,010,099
83$8,671,408$2,148,436$1,257,639$5,349,724
84$9,452,218$2,150,035$1,196,096$5,720,998
85$10,309,404$2,148,447$1,129,225$6,127,159
86$11,250,655$2,143,413$1,056,745$6,571,781
87$12,284,438$2,134,656$978,363$7,058,805
88$13,420,083$2,121,887$893,771$7,592,584
89$14,667,867$2,104,795$802,647$8,177,916
90$16,039,111$2,083,052$704,658$8,820,100
91$17,546,289$2,056,309$599,452$9,524,980
92$19,203,141$2,024,199$486,664$10,299,002
93$21,024,807$1,986,330$365,913$11,149,280
94$23,027,965$1,942,289$236,799$12,083,662
95$25,230,992$1,891,636$98,907$13,110,804
96$27,654,135$1,833,907$0$14,240,257
97$30,319,700$1,768,612$0$15,489,246
98$33,252,265$1,695,229$0$16,877,774
99$36,478,910$1,613,210$0$18,404,991
100$40,029,473$1,521,971$0$20,085,100