Can I retire at age 63 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$137,907$136,679$135,480$134,310$133,168$131,287
2 years$68,271$66,999$65,767$64,572$63,413$61,521
3 years$45,062$43,785$42,556$41,372$40,232$38,388
4 years$33,460$32,186$30,970$29,806$28,694$26,913
5 years$26,500$25,235$24,034$22,894$21,813$20,099
6 years$21,862$20,606$19,423$18,309$17,260$15,616
7 years$18,550$17,305$16,140$15,052$14,037$12,463
8 years$16,068$14,833$13,688$12,627$11,645$10,142
9 years$14,138$12,915$11,790$10,756$9,807$8,373
10 years$12,595$11,384$10,279$9,271$8,356$6,990
11 years$11,333$10,135$9,049$8,069$7,186$5,888
12 years$10,282$9,096$8,031$7,077$6,227$4,995
13 years$9,394$8,220$7,175$6,248$5,430$4,261
14 years$8,633$7,472$6,447$5,547$4,760$3,653
15 years$7,975$6,826$5,821$4,947$4,191$3,144
16 years$7,399$6,263$5,277$4,429$3,704$2,716
17 years$6,891$5,768$4,802$3,980$3,284$2,352
18 years$6,441$5,330$4,384$3,586$2,920$2,042
19 years$6,038$4,939$4,013$3,241$2,603$1,776
20 years$5,676$4,590$3,683$2,935$2,325$1,548
21 years$5,349$4,275$3,388$2,664$2,081$1,351
22 years$5,052$3,991$3,122$2,422$1,865$1,180
23 years$4,781$3,733$2,883$2,206$1,674$1,033
24 years$4,533$3,497$2,666$2,012$1,505$904
25 years$4,306$3,282$2,469$1,837$1,354$793
26 years$4,096$3,084$2,290$1,680$1,220$695
27 years$3,902$2,903$2,127$1,538$1,100$610
28 years$3,722$2,735$1,977$1,409$992$536
29 years$3,555$2,580$1,840$1,292$896$471
30 years$3,399$2,437$1,714$1,186$810$414
31 years$3,254$2,304$1,598$1,089$732$364
32 years$3,118$2,180$1,491$1,001$662$320
33 years$2,991$2,064$1,392$920$599$282
34 years$2,871$1,957$1,300$847$542$248
35 years$2,758$1,856$1,216$779$491$218
36 years$2,652$1,761$1,137$718$445$192
37 years$2,552$1,673$1,065$661$403$169
38 years$2,458$1,590$997$610$366$149
39 years$2,368$1,512$934$562$332$131
40 years$2,283$1,438$875$518$301$116
41 years$2,203$1,369$821$478$273$102
42 years$2,126$1,304$770$441$248$90
43 years$2,053$1,242$723$408$225$79
44 years$1,984$1,184$678$376$204$70
45 years$1,918$1,129$637$347$185$62
46 years$1,855$1,077$598$321$168$54
47 years$1,795$1,028$562$297$153$48
48 years$1,738$981$528$274$139$42
49 years$1,683$937$496$253$126$37
50 years$1,631$895$467$234$114$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,670,000, adding $3,809 every year, while hoping to spend $39,405 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: 43/41/16 Blend
62$1,670,000$1,670,000$1,670,000$1,670,000
63$1,844,269$1,755,759$1,729,874$1,914,839
64$1,990,458$1,799,865$1,745,898$2,008,910
65$2,150,237$1,844,811$1,761,138$2,106,565
66$2,324,952$1,890,597$1,775,527$2,211,521
67$2,516,082$1,937,221$1,788,992$2,324,467
68$2,725,258$1,984,681$1,801,459$2,446,161
69$2,954,275$2,032,971$1,812,849$2,577,439
70$3,205,110$2,082,085$1,823,078$2,719,221
71$3,479,938$2,132,014$1,832,058$2,872,521
72$3,781,159$2,182,750$1,839,699$3,038,456
73$4,111,411$2,234,279$1,845,903$3,218,254
74$4,473,603$2,286,586$1,850,569$3,413,272
75$4,870,938$2,339,656$1,853,590$3,625,003
76$5,306,943$2,393,469$1,854,855$3,855,090
77$5,785,505$2,448,003$1,854,246$4,105,348
78$6,310,903$2,503,232$1,851,640$4,377,773
79$6,887,854$2,559,128$1,846,908$4,674,566
80$7,521,550$2,615,661$1,839,915$4,998,153
81$8,217,714$2,672,794$1,830,518$5,351,206
82$8,982,649$2,730,489$1,818,569$5,736,671
83$9,823,300$2,788,704$1,803,911$6,157,795
84$10,747,316$2,847,390$1,786,382$6,618,156
85$11,763,126$2,906,495$1,765,809$7,121,697
86$12,880,015$2,965,964$1,742,015$7,672,764
87$14,108,214$3,025,734$1,714,810$8,276,148
88$15,458,995$3,085,738$1,683,999$8,937,127
89$16,944,775$3,145,902$1,649,375$9,661,522
90$18,579,236$3,206,145$1,610,724$10,455,746
91$20,377,455$3,266,383$1,567,820$11,326,868
92$22,356,041$3,326,522$1,520,427$12,282,680
93$24,533,296$3,386,459$1,468,300$13,331,771
94$26,929,384$3,446,088$1,411,180$14,483,607
95$29,566,524$3,505,289$1,348,797$15,748,620
96$32,469,198$3,563,937$1,280,871$17,138,313
97$35,664,382$3,621,896$1,207,106$18,665,359
98$39,181,800$3,679,020$1,127,195$20,343,732
99$43,054,203$3,735,151$1,040,815$22,188,829
100$47,317,681$3,790,123$947,632$24,217,626