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%11.5%
1 years$137,081$135,860$134,669$133,506$132,371$131,537
2 years$67,862$66,598$65,373$64,186$63,034$62,192
3 years$44,792$43,523$42,301$41,124$39,991$39,168
4 years$33,259$31,994$30,784$29,628$28,522$27,724
5 years$26,341$25,083$23,890$22,757$21,682$20,912
6 years$21,731$20,483$19,306$18,199$17,156$16,415
7 years$18,439$17,201$16,044$14,962$13,953$13,240
8 years$15,971$14,745$13,606$12,552$11,575$10,891
9 years$14,053$12,838$11,719$10,691$9,748$9,093
10 years$12,519$11,316$10,217$9,216$8,306$7,679
11 years$11,265$10,074$8,995$8,021$7,143$6,544
12 years$10,221$9,042$7,983$7,035$6,190$5,618
13 years$9,338$8,171$7,132$6,211$5,398$4,853
14 years$8,582$7,427$6,408$5,513$4,732$4,213
15 years$7,927$6,785$5,786$4,917$4,166$3,673
16 years$7,354$6,225$5,246$4,403$3,682$3,214
17 years$6,850$5,733$4,773$3,956$3,265$2,820
18 years$6,402$5,298$4,357$3,565$2,903$2,482
19 years$6,002$4,910$3,989$3,221$2,587$2,189
20 years$5,642$4,562$3,661$2,917$2,311$1,934
21 years$5,317$4,250$3,367$2,648$2,068$1,712
22 years$5,021$3,967$3,104$2,407$1,854$1,518
23 years$4,752$3,710$2,866$2,192$1,664$1,347
24 years$4,506$3,476$2,650$2,000$1,496$1,197
25 years$4,280$3,262$2,455$1,826$1,346$1,065
26 years$4,071$3,066$2,276$1,670$1,212$948
27 years$3,878$2,885$2,114$1,528$1,093$845
28 years$3,700$2,719$1,965$1,400$986$754
29 years$3,534$2,565$1,829$1,284$891$672
30 years$3,379$2,422$1,703$1,179$805$600
31 years$3,235$2,290$1,588$1,082$728$536
32 years$3,099$2,167$1,482$995$658$479
33 years$2,973$2,052$1,383$915$596$428
34 years$2,854$1,945$1,293$842$539$383
35 years$2,742$1,845$1,208$775$488$343
36 years$2,636$1,751$1,131$714$443$307
37 years$2,537$1,663$1,058$657$401$274
38 years$2,443$1,580$991$606$364$246
39 years$2,354$1,503$928$559$330$220
40 years$2,269$1,430$870$515$299$197
41 years$2,189$1,361$816$475$271$176
42 years$2,113$1,296$765$439$246$158
43 years$2,041$1,235$718$405$223$142
44 years$1,972$1,177$674$374$203$127
45 years$1,907$1,123$633$345$184$114
46 years$1,844$1,071$595$319$167$102
47 years$1,785$1,022$559$295$152$91
48 years$1,727$976$525$272$138$82
49 years$1,673$932$493$252$125$73
50 years$1,621$890$464$233$114$66

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 $5,208 every year, while hoping to spend $55,419 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: 59/30/11 Blend
62$1,660,000$1,660,000$1,660,000$1,660,000
63$1,834,692$1,746,712$1,720,982$1,937,798
64$1,962,865$1,773,336$1,719,670$2,034,418
65$2,102,255$1,799,406$1,716,456$2,133,031
66$2,253,946$1,824,838$1,711,218$2,239,216
67$2,419,133$1,849,540$1,703,829$2,353,707
68$2,599,132$1,873,414$1,694,154$2,477,311
69$2,795,387$1,896,356$1,682,052$2,610,921
70$3,009,491$1,918,252$1,667,375$2,755,520
71$3,243,197$1,938,984$1,649,970$2,912,192
72$3,498,432$1,958,423$1,629,674$3,082,133
73$3,777,322$1,976,436$1,606,317$3,266,662
74$4,082,202$1,992,875$1,579,722$3,467,232
75$4,415,648$2,007,587$1,549,704$3,685,448
76$4,780,493$2,020,407$1,516,068$3,923,078
77$5,179,856$2,031,160$1,478,609$4,182,074
78$5,617,176$2,039,661$1,437,117$4,464,587
79$6,096,234$2,045,711$1,391,366$4,772,989
80$6,621,199$2,049,099$1,341,126$5,109,897
81$7,196,659$2,049,603$1,286,152$5,478,199
82$7,827,669$2,046,985$1,226,189$5,881,075
83$8,519,796$2,040,992$1,160,971$6,322,038
84$9,279,173$2,031,358$1,090,221$6,804,956
85$10,112,551$2,017,797$1,013,646$7,334,101
86$11,027,372$2,000,010$930,944$7,914,179
87$12,031,829$1,977,676$841,796$8,550,383
88$13,134,951$1,950,457$745,871$9,248,438
89$14,346,681$1,917,995$642,823$10,014,657
90$15,677,975$1,879,909$532,290$10,856,002
91$17,140,900$1,835,796$413,894$11,780,152
92$18,748,753$1,785,231$287,240$12,795,571
93$20,516,180$1,727,762$151,917$13,911,595
94$22,459,319$1,662,911$7,495$15,138,517
95$24,595,949$1,590,172$0$16,487,686
96$26,945,657$1,509,012$0$17,988,826
97$29,530,024$1,418,864$0$19,640,585
98$32,372,828$1,319,129$0$21,457,351
99$35,500,266$1,209,176$0$23,455,959
100$38,941,203$1,088,336$0$25,654,966