Can I retire at age 63 with 1,700,000?

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 $1,700,000?

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$140,384$139,134$137,914$136,723$135,560$133,645
2 years$69,497$68,203$66,949$65,732$64,553$62,627
3 years$45,871$44,571$43,320$42,115$40,955$39,078
4 years$34,061$32,765$31,526$30,342$29,209$27,396
5 years$26,976$25,688$24,465$23,305$22,204$20,460
6 years$22,255$20,976$19,772$18,637$17,570$15,897
7 years$18,883$17,616$16,430$15,323$14,289$12,687
8 years$16,356$15,100$13,934$12,854$11,854$10,324
9 years$14,392$13,147$12,002$10,949$9,983$8,523
10 years$12,821$11,589$10,463$9,438$8,506$7,116
11 years$11,537$10,317$9,212$8,214$7,315$5,994
12 years$10,467$9,260$8,175$7,205$6,339$5,084
13 years$9,563$8,368$7,304$6,361$5,528$4,338
14 years$8,788$7,606$6,563$5,646$4,846$3,719
15 years$8,118$6,949$5,925$5,035$4,267$3,201
16 years$7,532$6,375$5,372$4,509$3,771$2,764
17 years$7,015$5,871$4,888$4,051$3,343$2,394
18 years$6,556$5,425$4,462$3,651$2,973$2,078
19 years$6,146$5,028$4,085$3,299$2,650$1,808
20 years$5,778$4,672$3,749$2,988$2,367$1,575
21 years$5,445$4,352$3,448$2,712$2,118$1,375
22 years$5,142$4,063$3,178$2,465$1,899$1,202
23 years$4,867$3,800$2,935$2,245$1,704$1,051
24 years$4,615$3,560$2,714$2,048$1,532$921
25 years$4,383$3,341$2,514$1,870$1,378$807
26 years$4,169$3,140$2,331$1,710$1,242$708
27 years$3,972$2,955$2,165$1,565$1,119$621
28 years$3,789$2,784$2,013$1,434$1,010$546
29 years$3,619$2,627$1,873$1,315$912$479
30 years$3,460$2,481$1,744$1,207$824$421
31 years$3,313$2,345$1,626$1,108$745$371
32 years$3,174$2,219$1,517$1,019$674$326
33 years$3,044$2,101$1,417$937$610$287
34 years$2,923$1,992$1,324$862$552$253
35 years$2,808$1,889$1,238$793$500$222
36 years$2,700$1,793$1,158$731$453$196
37 years$2,598$1,703$1,084$673$411$172
38 years$2,502$1,618$1,015$621$372$152
39 years$2,411$1,539$951$572$338$134
40 years$2,324$1,464$891$528$306$118
41 years$2,242$1,394$836$487$278$104
42 years$2,164$1,327$784$449$252$92
43 years$2,090$1,265$736$415$229$81
44 years$2,020$1,206$690$383$208$71
45 years$1,953$1,150$648$354$189$63
46 years$1,889$1,097$609$327$171$55
47 years$1,828$1,047$572$302$155$49
48 years$1,769$999$538$279$141$43
49 years$1,713$954$505$258$128$38
50 years$1,660$911$475$238$116$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,700,000, adding $4,325 every year, while hoping to spend $59,770 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: 70/6/24 Blend
62$1,700,000$1,700,000$1,700,000$1,700,000
63$1,877,861$1,787,761$1,761,411$1,997,637
64$2,005,808$1,811,767$1,756,824$2,102,315
65$2,144,803$1,834,945$1,750,079$2,209,486
66$2,295,908$1,857,193$1,741,042$2,325,378
67$2,460,295$1,878,400$1,729,572$2,450,851
68$2,639,251$1,898,447$1,715,518$2,586,854
69$2,834,192$1,917,209$1,698,725$2,734,434
70$3,046,678$1,934,550$1,679,031$2,894,745
71$3,278,425$1,950,329$1,656,264$3,069,060
72$3,531,321$1,964,392$1,630,246$3,258,780
73$3,807,445$1,976,576$1,600,788$3,465,454
74$4,109,085$1,986,710$1,567,696$3,690,787
75$4,438,761$1,994,608$1,530,763$3,936,661
76$4,799,247$2,000,075$1,489,775$4,205,149
77$5,193,595$2,002,904$1,444,508$4,498,538
78$5,625,169$2,002,874$1,394,726$4,819,352
79$6,097,671$1,999,749$1,340,185$5,170,369
80$6,615,178$1,993,282$1,280,626$5,554,657
81$7,182,181$1,983,207$1,215,781$5,975,596
82$7,803,624$1,969,245$1,145,371$6,436,914
83$8,484,954$1,951,098$1,069,100$6,942,719
84$9,232,168$1,928,450$986,664$7,497,544
85$10,051,873$1,900,968$897,741$8,106,385
86$10,951,345$1,868,297$801,996$8,774,750
87$11,938,600$1,830,061$699,081$9,508,712
88$13,022,467$1,785,864$588,630$10,314,966
89$14,212,672$1,735,285$470,263$11,200,894
90$15,519,928$1,677,877$343,580$12,174,634
91$16,956,037$1,613,170$208,166$13,245,157
92$18,534,002$1,540,664$63,588$14,422,356
93$20,268,144$1,459,831$0$15,717,132
94$22,174,246$1,370,113$0$17,164,735
95$24,269,690$1,270,919$0$18,774,076
96$26,573,630$1,161,626$0$20,543,589
97$29,107,167$1,041,573$0$22,489,508
98$31,893,551$910,063$0$24,629,724
99$34,958,395$766,358$0$26,983,947
100$38,329,923$609,681$0$29,573,900