Can I retire at age 63 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$145,339$144,045$142,781$141,549$140,345$139,519
2 years$71,950$70,610$69,311$68,052$66,831$65,998
3 years$47,490$46,144$44,849$43,602$42,400$41,585
4 years$35,263$33,921$32,639$31,413$30,240$29,450
5 years$27,928$26,595$25,329$24,128$22,988$22,225
6 years$23,040$21,716$20,470$19,295$18,190$17,455
7 years$19,550$18,237$17,010$15,864$14,793$14,087
8 years$16,933$15,633$14,426$13,308$12,272$11,594
9 years$14,900$13,611$12,425$11,335$10,335$9,685
10 years$13,273$11,998$10,833$9,771$8,806$8,184
11 years$11,944$10,681$9,537$8,504$7,573$6,979
12 years$10,836$9,586$8,464$7,459$6,563$5,996
13 years$9,900$8,663$7,562$6,585$5,723$5,182
14 years$9,099$7,875$6,794$5,846$5,017$4,502
15 years$8,404$7,194$6,134$5,213$4,417$3,927
16 years$7,797$6,600$5,562$4,668$3,904$3,439
17 years$7,263$6,078$5,061$4,194$3,461$3,020
18 years$6,788$5,617$4,620$3,780$3,078$2,659
19 years$6,363$5,206$4,229$3,415$2,743$2,347
20 years$5,982$4,837$3,881$3,093$2,450$2,075
21 years$5,637$4,506$3,570$2,807$2,193$1,838
22 years$5,324$4,206$3,290$2,552$1,966$1,631
23 years$5,039$3,934$3,038$2,325$1,764$1,449
24 years$4,777$3,686$2,810$2,120$1,586$1,289
25 years$4,538$3,459$2,602$1,936$1,427$1,147
26 years$4,316$3,251$2,414$1,770$1,285$1,022
27 years$4,112$3,059$2,241$1,620$1,159$912
28 years$3,923$2,883$2,084$1,485$1,046$814
29 years$3,747$2,720$1,939$1,361$944$727
30 years$3,583$2,568$1,806$1,250$853$649
31 years$3,429$2,428$1,684$1,148$771$580
32 years$3,286$2,297$1,571$1,055$698$519
33 years$3,152$2,176$1,467$970$631$464
34 years$3,026$2,062$1,370$892$572$416
35 years$2,907$1,956$1,281$821$518$372
36 years$2,795$1,856$1,199$757$469$333
37 years$2,690$1,763$1,122$697$425$298
38 years$2,590$1,676$1,051$642$386$267
39 years$2,496$1,593$984$592$350$240
40 years$2,406$1,516$923$546$317$215
41 years$2,321$1,443$865$504$288$193
42 years$2,241$1,374$811$465$261$173
43 years$2,164$1,309$761$429$237$155
44 years$2,091$1,248$715$397$215$139
45 years$2,022$1,190$671$366$195$124
46 years$1,955$1,135$630$338$177$112
47 years$1,892$1,083$592$313$161$100
48 years$1,832$1,034$557$289$146$90
49 years$1,774$988$523$267$133$81
50 years$1,718$944$492$247$121$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,760,000, adding $5,607 every year, while hoping to spend $36,895 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: 65/8/27 Blend
62$1,760,000$1,760,000$1,760,000$1,760,000
63$1,945,304$1,852,024$1,824,744$2,057,570
64$2,104,469$1,903,517$1,846,617$2,185,575
65$2,278,632$1,956,297$1,867,986$2,320,818
66$2,469,284$2,010,387$1,888,795$2,467,830
67$2,678,067$2,065,812$1,908,986$2,627,771
68$2,906,789$2,122,596$1,928,496$2,801,921
69$3,157,441$2,180,763$1,947,260$2,991,691
70$3,432,215$2,240,335$1,965,208$3,198,634
71$3,733,527$2,301,337$1,982,269$3,424,462
72$4,064,036$2,363,792$1,998,364$3,671,060
73$4,426,672$2,427,723$2,013,414$3,940,506
74$4,824,663$2,493,151$2,027,333$4,235,091
75$5,261,562$2,560,099$2,040,032$4,557,338
76$5,741,286$2,628,588$2,051,418$4,910,027
77$6,268,147$2,698,639$2,061,390$5,296,221
78$6,846,898$2,770,272$2,069,847$5,719,298
79$7,482,772$2,843,506$2,076,677$6,182,978
80$8,181,537$2,918,360$2,081,768$6,691,361
81$8,949,544$2,994,850$2,084,997$7,248,966
82$9,793,793$3,072,993$2,086,240$7,860,772
83$10,721,995$3,152,804$2,085,364$8,532,268
84$11,742,643$3,234,297$2,082,229$9,269,499
85$12,865,099$3,317,484$2,076,690$10,079,132
86$14,099,674$3,402,375$2,068,593$10,968,510
87$15,457,728$3,488,979$2,057,779$11,945,729
88$16,951,781$3,577,303$2,044,079$13,019,708
89$18,595,624$3,667,352$2,027,317$14,200,279
90$20,404,454$3,759,129$2,007,308$15,498,275
91$22,395,015$3,852,633$1,983,860$16,925,637
92$24,585,756$3,947,862$1,956,769$18,495,523
93$26,997,006$4,044,810$1,925,824$20,222,436
94$29,651,164$4,143,469$1,890,802$22,122,357
95$32,572,911$4,243,827$1,851,472$24,212,900
96$35,789,441$4,345,869$1,807,590$26,513,476
97$39,330,722$4,449,574$1,758,902$29,045,477
98$43,229,773$4,554,920$1,705,142$31,832,478
99$47,522,976$4,661,878$1,646,031$34,900,463
100$52,250,426$4,770,415$1,581,279$38,278,065