Can I retire at age 63 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$138,733$137,497$136,291$135,115$133,966$130,993
2 years$68,680$67,401$66,161$64,959$63,793$60,814
3 years$45,332$44,047$42,810$41,620$40,473$37,580
4 years$33,660$32,379$31,155$29,985$28,866$26,081
5 years$26,659$25,386$24,178$23,031$21,943$19,275
6 years$21,993$20,729$19,539$18,418$17,363$14,814
7 years$18,661$17,408$16,237$15,143$14,121$11,691
8 years$16,164$14,922$13,770$12,703$11,714$9,404
9 years$14,222$12,993$11,860$10,820$9,865$7,672
10 years$12,670$11,452$10,340$9,327$8,406$6,327
11 years$11,401$10,195$9,103$8,117$7,229$5,262
12 years$10,344$9,151$8,079$7,120$6,265$4,407
13 years$9,450$8,270$7,218$6,286$5,463$3,710
14 years$8,685$7,517$6,485$5,580$4,789$3,138
15 years$8,022$6,867$5,855$4,976$4,216$2,664
16 years$7,443$6,300$5,309$4,456$3,726$2,269
17 years$6,932$5,802$4,831$4,003$3,304$1,937
18 years$6,479$5,361$4,410$3,608$2,938$1,657
19 years$6,074$4,969$4,037$3,260$2,619$1,420
20 years$5,710$4,617$3,705$2,953$2,339$1,219
21 years$5,381$4,301$3,408$2,680$2,093$1,048
22 years$5,082$4,015$3,141$2,436$1,876$902
23 years$4,810$3,755$2,900$2,219$1,684$777
24 years$4,560$3,518$2,682$2,024$1,514$670
25 years$4,331$3,302$2,484$1,848$1,362$578
26 years$4,120$3,103$2,304$1,690$1,227$499
27 years$3,925$2,920$2,139$1,547$1,106$431
28 years$3,744$2,752$1,989$1,417$998$372
29 years$3,576$2,596$1,851$1,300$901$322
30 years$3,420$2,452$1,724$1,193$814$278
31 years$3,274$2,318$1,607$1,095$736$241
32 years$3,137$2,193$1,500$1,007$666$208
33 years$3,009$2,077$1,400$926$603$180
34 years$2,888$1,968$1,308$852$546$156
35 years$2,775$1,867$1,223$784$494$135
36 years$2,668$1,772$1,144$722$448$117
37 years$2,567$1,683$1,071$665$406$101
38 years$2,472$1,599$1,003$613$368$88
39 years$2,382$1,521$940$565$334$76
40 years$2,297$1,447$881$522$303$66
41 years$2,216$1,377$826$481$275$57
42 years$2,139$1,312$775$444$249$49
43 years$2,066$1,250$727$410$226$43
44 years$1,996$1,191$682$379$205$37
45 years$1,930$1,136$641$350$186$32
46 years$1,866$1,084$602$323$169$28
47 years$1,806$1,034$565$298$154$24
48 years$1,748$987$531$276$140$21
49 years$1,693$943$499$255$127$18
50 years$1,640$901$469$235$115$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,680,000, adding $4,536 every year, while hoping to spend $48,868 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: 63/15/22 Blend
62$1,680,000$1,680,000$1,680,000$1,680,000
63$1,856,039$1,766,999$1,740,959$1,962,083
64$1,993,360$1,801,587$1,747,286$2,068,777
65$2,143,049$1,836,231$1,752,187$2,179,395
66$2,306,318$1,870,884$1,755,563$2,299,100
67$2,484,497$1,905,492$1,757,309$2,428,783
68$2,679,053$1,939,999$1,757,316$2,569,428
69$2,891,600$1,974,342$1,755,469$2,722,121
70$3,123,914$2,008,455$1,751,648$2,888,057
71$3,377,951$2,042,267$1,745,726$3,068,555
72$3,655,864$2,075,701$1,737,571$3,265,066
73$3,960,026$2,108,674$1,727,043$3,479,194
74$4,293,047$2,141,098$1,713,997$3,712,704
75$4,657,803$2,172,877$1,698,282$3,967,543
76$5,057,461$2,203,909$1,679,735$4,245,857
77$5,495,507$2,234,086$1,658,191$4,550,013
78$5,975,782$2,263,290$1,633,475$4,882,618
79$6,502,517$2,291,397$1,605,402$5,246,548
80$7,080,372$2,318,272$1,573,780$5,644,974
81$7,714,477$2,343,775$1,538,409$6,081,391
82$8,410,486$2,367,752$1,499,078$6,559,652
83$9,174,625$2,390,042$1,455,567$7,084,004
84$10,013,755$2,410,472$1,407,646$7,659,130
85$10,935,430$2,428,857$1,355,074$8,290,192
86$11,947,974$2,445,002$1,297,600$8,982,882
87$13,060,558$2,458,697$1,234,960$9,743,472
88$14,283,283$2,469,721$1,166,879$10,578,880
89$15,627,277$2,477,837$1,093,069$11,496,729
90$17,104,803$2,482,795$1,013,231$12,505,425
91$18,729,369$2,484,327$927,049$13,614,231
92$20,515,856$2,482,151$834,197$14,833,362
93$22,480,661$2,475,964$734,331$16,174,076
94$24,641,851$2,465,449$627,093$17,648,784
95$27,019,329$2,450,265$512,110$19,271,167
96$29,635,026$2,430,054$388,991$21,056,306
97$32,513,106$2,404,433$257,329$23,020,823
98$35,680,192$2,373,000$116,699$25,183,043
99$39,165,619$2,335,324$0$27,563,164
100$43,001,710$2,290,953$0$30,191,284