Can I retire at age 63 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$142,862$141,589$140,348$139,136$137,953$132,847
2 years$70,724$69,406$68,130$66,892$65,692$60,605
3 years$46,681$45,358$44,085$42,859$41,678$36,770
4 years$34,662$33,343$32,082$30,877$29,725$25,035
5 years$27,452$26,141$24,897$23,717$22,596$18,135
6 years$22,647$21,346$20,121$18,966$17,880$13,651
7 years$19,217$17,927$16,720$15,593$14,541$10,543
8 years$16,645$15,366$14,180$13,081$12,063$8,293
9 years$14,646$13,379$12,213$11,142$10,159$6,611
10 years$13,047$11,793$10,648$9,604$8,656$5,324
11 years$11,740$10,499$9,374$8,359$7,444$4,321
12 years$10,652$9,423$8,319$7,332$6,451$3,529
13 years$9,732$8,516$7,433$6,473$5,626$2,896
14 years$8,943$7,741$6,678$5,746$4,931$2,386
15 years$8,261$7,071$6,030$5,124$4,342$1,972
16 years$7,665$6,488$5,467$4,588$3,837$1,634
17 years$7,139$5,975$4,975$4,123$3,402$1,357
18 years$6,672$5,521$4,541$3,715$3,025$1,128
19 years$6,255$5,117$4,157$3,357$2,697$940
20 years$5,880$4,755$3,815$3,040$2,409$784
21 years$5,541$4,429$3,509$2,759$2,155$654
22 years$5,233$4,134$3,234$2,509$1,932$547
23 years$4,953$3,867$2,986$2,285$1,734$457
24 years$4,696$3,623$2,762$2,084$1,559$382
25 years$4,460$3,400$2,558$1,903$1,403$320
26 years$4,243$3,195$2,372$1,740$1,264$268
27 years$4,042$3,007$2,203$1,593$1,139$224
28 years$3,856$2,834$2,048$1,459$1,028$188
29 years$3,683$2,673$1,906$1,338$928$158
30 years$3,522$2,525$1,775$1,228$839$132
31 years$3,371$2,387$1,655$1,128$758$111
32 years$3,230$2,258$1,544$1,037$686$93
33 years$3,098$2,139$1,442$953$621$78
34 years$2,974$2,027$1,347$877$562$65
35 years$2,858$1,922$1,259$807$509$55
36 years$2,748$1,825$1,178$744$461$46
37 years$2,644$1,733$1,103$685$418$38
38 years$2,546$1,647$1,033$632$379$32
39 years$2,453$1,566$968$582$344$27
40 years$2,365$1,490$907$537$312$23
41 years$2,282$1,418$850$496$283$19
42 years$2,203$1,351$798$457$257$16
43 years$2,127$1,287$748$422$233$13
44 years$2,055$1,227$703$390$211$11
45 years$1,987$1,170$660$360$192$9
46 years$1,922$1,116$620$333$174$8
47 years$1,860$1,065$582$307$158$7
48 years$1,800$1,017$547$284$144$6
49 years$1,743$971$514$262$130$5
50 years$1,689$927$483$242$119$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,730,000, adding $4,154 every year, while hoping to spend $48,916 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: 33/43/24 Blend
62$1,730,000$1,730,000$1,730,000$1,730,000
63$1,910,745$1,819,055$1,792,240$1,959,661
64$2,053,595$1,856,142$1,800,234$2,033,857
65$2,209,376$1,893,408$1,806,856$2,109,063
66$2,379,355$1,930,808$1,812,009$2,189,132
67$2,564,928$1,968,296$1,815,590$2,274,525
68$2,767,630$2,005,822$1,817,492$2,365,752
69$2,989,152$2,043,331$1,817,601$2,463,373
70$3,231,355$2,080,763$1,815,800$2,568,010
71$3,496,287$2,118,055$1,811,963$2,680,349
72$3,786,206$2,155,137$1,805,961$2,801,147
73$4,103,595$2,191,935$1,797,657$2,931,239
74$4,451,190$2,228,369$1,786,908$3,071,550
75$4,832,005$2,264,352$1,773,562$3,223,098
76$5,249,357$2,299,792$1,757,464$3,387,010
77$5,706,900$2,334,591$1,738,448$3,564,529
78$6,208,659$2,368,641$1,716,341$3,757,028
79$6,759,066$2,401,828$1,690,962$3,966,023
80$7,363,004$2,434,032$1,662,123$4,193,188
81$8,025,852$2,465,120$1,629,625$4,440,370
82$8,753,532$2,494,954$1,593,260$4,709,610
83$9,552,570$2,523,385$1,552,813$5,003,159
84$10,430,155$2,550,253$1,508,054$5,323,505
85$11,394,204$2,575,389$1,458,748$5,673,391
86$12,453,443$2,598,613$1,404,646$6,055,847
87$13,617,480$2,619,731$1,345,488$6,474,217
88$14,896,903$2,638,538$1,281,002$6,932,190
89$16,303,376$2,654,816$1,210,904$7,433,840
90$17,849,750$2,668,331$1,134,899$7,983,662
91$19,550,182$2,678,837$1,052,675$8,586,615
92$21,420,270$2,686,069$963,910$9,248,174
93$23,477,200$2,689,749$868,263$9,974,379
94$25,739,908$2,689,580$765,383$10,771,893
95$28,229,254$2,685,245$654,899$11,648,070
96$30,968,226$2,676,410$536,426$12,611,022
97$33,982,149$2,662,719$409,561$13,669,700
98$37,298,931$2,643,794$273,884$14,833,977
99$40,949,319$2,619,237$128,955$16,114,747
100$44,967,191$2,588,621$0$17,524,026