Can I retire at age 63 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$141,210$139,952$138,725$137,527$136,358$134,154
2 years$69,906$68,604$67,342$66,119$64,932$62,718
3 years$46,141$44,834$43,575$42,363$41,196$39,040
4 years$34,261$32,957$31,711$30,520$29,381$27,301
5 years$27,135$25,839$24,609$23,442$22,335$20,336
6 years$22,385$21,099$19,888$18,747$17,673$15,757
7 years$18,994$17,719$16,527$15,413$14,373$12,541
8 years$16,452$15,189$14,016$12,930$11,924$10,175
9 years$14,476$13,225$12,072$11,013$10,041$8,376
10 years$12,896$11,657$10,525$9,493$8,556$6,971
11 years$11,604$10,377$9,266$8,262$7,358$5,854
12 years$10,529$9,314$8,223$7,247$6,377$4,950
13 years$9,619$8,417$7,347$6,398$5,560$4,209
14 years$8,840$7,651$6,601$5,679$4,874$3,596
15 years$8,166$6,989$5,960$5,065$4,292$3,085
16 years$7,576$6,413$5,404$4,535$3,793$2,655
17 years$7,056$5,906$4,917$4,075$3,363$2,291
18 years$6,595$5,457$4,489$3,672$2,990$1,982
19 years$6,182$5,058$4,109$3,318$2,665$1,718
20 years$5,812$4,700$3,771$3,005$2,381$1,491
21 years$5,477$4,378$3,469$2,727$2,131$1,297
22 years$5,173$4,086$3,197$2,480$1,910$1,129
23 years$4,895$3,822$2,952$2,258$1,714$984
24 years$4,642$3,581$2,730$2,060$1,541$858
25 years$4,409$3,361$2,529$1,881$1,386$749
26 years$4,194$3,158$2,345$1,720$1,249$655
27 years$3,995$2,972$2,178$1,574$1,126$572
28 years$3,811$2,801$2,024$1,443$1,016$501
29 years$3,640$2,642$1,884$1,323$917$438
30 years$3,481$2,495$1,755$1,214$829$383
31 years$3,332$2,359$1,636$1,115$749$336
32 years$3,193$2,232$1,526$1,025$678$294
33 years$3,062$2,114$1,425$942$614$258
34 years$2,940$2,003$1,332$867$555$226
35 years$2,825$1,900$1,245$798$503$198
36 years$2,716$1,804$1,165$735$456$174
37 years$2,613$1,713$1,090$677$413$152
38 years$2,516$1,628$1,021$624$375$134
39 years$2,425$1,548$956$576$340$117
40 years$2,338$1,473$896$531$308$103
41 years$2,255$1,402$841$490$280$90
42 years$2,177$1,335$788$452$254$79
43 years$2,103$1,272$740$417$230$69
44 years$2,032$1,213$694$385$209$61
45 years$1,964$1,156$652$356$190$53
46 years$1,900$1,103$612$329$172$47
47 years$1,838$1,053$575$304$156$41
48 years$1,780$1,005$541$281$142$36
49 years$1,723$960$508$259$129$32
50 years$1,670$917$478$240$117$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,710,000, adding $2,128 every year, while hoping to spend $27,513 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: 65/13/22 Blend
62$1,710,000$1,710,000$1,710,000$1,710,000
63$1,886,615$1,795,985$1,769,480$1,998,452
64$2,049,776$1,854,715$1,799,484$2,132,674
65$2,228,658$1,915,400$1,829,571$2,275,997
66$2,424,834$1,978,108$1,859,715$2,431,999
67$2,640,039$2,042,907$1,889,887$2,601,926
68$2,876,183$2,109,869$1,920,058$2,787,149
69$3,135,369$2,179,069$1,950,196$2,989,177
70$3,419,916$2,250,582$1,980,267$3,209,673
71$3,732,376$2,324,490$2,010,234$3,450,470
72$4,075,561$2,400,872$2,040,060$3,713,583
73$4,452,570$2,479,816$2,069,703$4,001,234
74$4,866,814$2,561,409$2,099,120$4,315,870
75$5,322,053$2,645,743$2,128,265$4,660,186
76$5,822,430$2,732,912$2,157,090$5,037,151
77$6,372,508$2,823,014$2,185,542$5,450,035
78$6,977,313$2,916,151$2,213,567$5,902,441
79$7,642,385$3,012,429$2,241,108$6,398,337
80$8,373,827$3,111,956$2,268,103$6,942,096
81$9,178,360$3,214,845$2,294,488$7,538,535
82$10,063,394$3,321,213$2,320,194$8,192,960
83$11,037,089$3,431,182$2,345,150$8,911,218
84$12,108,440$3,544,877$2,369,279$9,699,750
85$13,287,353$3,662,429$2,392,503$10,565,654
86$14,584,747$3,783,972$2,414,736$11,516,748
87$16,012,651$3,909,646$2,435,889$12,561,650
88$17,584,319$4,039,596$2,455,869$13,709,850
89$19,314,356$4,173,973$2,474,577$14,971,810
90$21,218,854$4,312,932$2,491,910$16,359,053
91$23,315,547$4,456,634$2,507,758$17,884,279
92$25,623,971$4,605,248$2,522,006$19,561,480
93$28,165,657$4,758,947$2,534,534$21,406,074
94$30,964,329$4,917,909$2,545,216$23,435,051
95$34,046,127$5,082,323$2,553,917$25,667,129
96$37,439,856$5,252,382$2,560,498$28,122,938
97$41,177,258$5,428,285$2,564,811$30,825,207
98$45,293,309$5,610,242$2,566,703$33,798,983
99$49,826,551$5,798,468$2,566,012$37,071,867
100$54,819,453$5,993,186$2,562,567$40,674,271