Can I retire at age 63 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$137,081$135,860$134,669$133,506$132,371$128,236
2 years$67,862$66,598$65,373$64,186$63,034$58,905
3 years$44,792$43,523$42,301$41,124$39,991$35,998
4 years$33,259$31,994$30,784$29,628$28,522$24,695
5 years$26,341$25,083$23,890$22,757$21,682$18,031
6 years$21,731$20,483$19,306$18,199$17,156$13,685
7 years$18,439$17,201$16,044$14,962$13,953$10,660
8 years$15,971$14,745$13,606$12,552$11,575$8,460
9 years$14,053$12,838$11,719$10,691$9,748$6,806
10 years$12,519$11,316$10,217$9,216$8,306$5,533
11 years$11,265$10,074$8,995$8,021$7,143$4,535
12 years$10,221$9,042$7,983$7,035$6,190$3,740
13 years$9,338$8,171$7,132$6,211$5,398$3,101
14 years$8,582$7,427$6,408$5,513$4,732$2,582
15 years$7,927$6,785$5,786$4,917$4,166$2,157
16 years$7,354$6,225$5,246$4,403$3,682$1,806
17 years$6,850$5,733$4,773$3,956$3,265$1,517
18 years$6,402$5,298$4,357$3,565$2,903$1,276
19 years$6,002$4,910$3,989$3,221$2,587$1,075
20 years$5,642$4,562$3,661$2,917$2,311$907
21 years$5,317$4,250$3,367$2,648$2,068$766
22 years$5,021$3,967$3,104$2,407$1,854$647
23 years$4,752$3,710$2,866$2,192$1,664$548
24 years$4,506$3,476$2,650$2,000$1,496$464
25 years$4,280$3,262$2,455$1,826$1,346$393
26 years$4,071$3,066$2,276$1,670$1,212$333
27 years$3,878$2,885$2,114$1,528$1,093$282
28 years$3,700$2,719$1,965$1,400$986$239
29 years$3,534$2,565$1,829$1,284$891$203
30 years$3,379$2,422$1,703$1,179$805$172
31 years$3,235$2,290$1,588$1,082$728$146
32 years$3,099$2,167$1,482$995$658$124
33 years$2,973$2,052$1,383$915$596$105
34 years$2,854$1,945$1,293$842$539$89
35 years$2,742$1,845$1,208$775$488$76
36 years$2,636$1,751$1,131$714$443$64
37 years$2,537$1,663$1,058$657$401$55
38 years$2,443$1,580$991$606$364$46
39 years$2,354$1,503$928$559$330$39
40 years$2,269$1,430$870$515$299$34
41 years$2,189$1,361$816$475$271$28
42 years$2,113$1,296$765$439$246$24
43 years$2,041$1,235$718$405$223$21
44 years$1,972$1,177$674$374$203$17
45 years$1,907$1,123$633$345$184$15
46 years$1,844$1,071$595$319$167$13
47 years$1,785$1,022$559$295$152$11
48 years$1,727$976$525$272$138$9
49 years$1,673$932$493$252$125$8
50 years$1,621$890$464$233$114$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,660,000, adding $5,910 every year, while hoping to spend $30,278 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: 39/34/27 Blend
62$1,660,000$1,660,000$1,660,000$1,660,000
63$1,835,416$1,747,436$1,721,706$1,892,100
64$1,990,413$1,800,845$1,747,168$1,987,377
65$2,160,205$1,855,856$1,772,468$2,087,097
66$2,346,269$1,912,516$1,797,568$2,194,344
67$2,550,231$1,970,872$1,822,430$2,309,825
68$2,773,884$2,030,974$1,847,011$2,434,315
69$3,019,201$2,092,873$1,871,266$2,568,667
70$3,288,355$2,156,619$1,895,149$2,713,822
71$3,583,741$2,222,267$1,918,610$2,870,813
72$3,907,995$2,289,870$1,941,596$3,040,779
73$4,264,022$2,359,486$1,964,051$3,224,973
74$4,655,022$2,431,171$1,985,917$3,424,774
75$5,084,521$2,504,985$2,007,132$3,641,701
76$5,556,402$2,580,988$2,027,630$3,877,426
77$6,074,941$2,659,244$2,047,342$4,133,792
78$6,644,853$2,739,815$2,066,196$4,412,826
79$7,271,330$2,822,767$2,084,116$4,716,762
80$7,960,091$2,908,168$2,101,019$5,048,059
81$8,717,440$2,996,087$2,116,822$5,409,429
82$9,550,318$3,086,595$2,131,435$5,803,854
83$10,466,376$3,179,765$2,144,764$6,234,623
84$11,474,044$3,275,670$2,156,711$6,705,357
85$12,582,606$3,374,387$2,167,170$7,220,046
86$13,802,295$3,475,996$2,176,034$7,783,084
87$15,144,385$3,580,575$2,183,187$8,399,314
88$16,621,297$3,688,208$2,188,508$9,074,071
89$18,246,718$3,798,979$2,191,872$9,813,230
90$20,035,728$3,912,974$2,193,145$10,623,268
91$22,004,945$4,030,282$2,192,187$11,511,318
92$24,172,677$4,150,994$2,188,853$12,485,243
93$26,559,099$4,275,202$2,182,989$13,553,701
94$29,186,442$4,403,002$2,174,435$14,726,238
95$32,079,201$4,534,491$2,163,020$16,013,368
96$35,264,368$4,669,768$2,148,569$17,426,678
97$38,771,683$4,808,937$2,130,896$18,978,936
98$42,633,921$4,952,101$2,109,807$20,684,210
99$46,887,194$5,099,367$2,085,099$22,558,001
100$51,571,296$5,250,844$2,056,558$24,617,393