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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$145,339$144,045$142,781$141,549$140,345$136,786
2 years$71,950$70,610$69,311$68,052$66,831$63,268
3 years$47,490$46,144$44,849$43,602$42,400$38,945
4 years$35,263$33,921$32,639$31,413$30,240$26,920
5 years$27,928$26,595$25,329$24,128$22,988$19,811
6 years$23,040$21,716$20,470$19,295$18,190$15,160
7 years$19,550$18,237$17,010$15,864$14,793$11,910
8 years$16,933$15,633$14,426$13,308$12,272$9,535
9 years$14,900$13,611$12,425$11,335$10,335$7,742
10 years$13,273$11,998$10,833$9,771$8,806$6,353
11 years$11,944$10,681$9,537$8,504$7,573$5,257
12 years$10,836$9,586$8,464$7,459$6,563$4,379
13 years$9,900$8,663$7,562$6,585$5,723$3,668
14 years$9,099$7,875$6,794$5,846$5,017$3,085
15 years$8,404$7,194$6,134$5,213$4,417$2,605
16 years$7,797$6,600$5,562$4,668$3,904$2,205
17 years$7,263$6,078$5,061$4,194$3,461$1,872
18 years$6,788$5,617$4,620$3,780$3,078$1,592
19 years$6,363$5,206$4,229$3,415$2,743$1,357
20 years$5,982$4,837$3,881$3,093$2,450$1,158
21 years$5,637$4,506$3,570$2,807$2,193$989
22 years$5,324$4,206$3,290$2,552$1,966$846
23 years$5,039$3,934$3,038$2,325$1,764$724
24 years$4,777$3,686$2,810$2,120$1,586$620
25 years$4,538$3,459$2,602$1,936$1,427$532
26 years$4,316$3,251$2,414$1,770$1,285$456
27 years$4,112$3,059$2,241$1,620$1,159$391
28 years$3,923$2,883$2,084$1,485$1,046$336
29 years$3,747$2,720$1,939$1,361$944$289
30 years$3,583$2,568$1,806$1,250$853$248
31 years$3,429$2,428$1,684$1,148$771$213
32 years$3,286$2,297$1,571$1,055$698$183
33 years$3,152$2,176$1,467$970$631$157
34 years$3,026$2,062$1,370$892$572$135
35 years$2,907$1,956$1,281$821$518$116
36 years$2,795$1,856$1,199$757$469$100
37 years$2,690$1,763$1,122$697$425$86
38 years$2,590$1,676$1,051$642$386$74
39 years$2,496$1,593$984$592$350$64
40 years$2,406$1,516$923$546$317$55
41 years$2,321$1,443$865$504$288$47
42 years$2,241$1,374$811$465$261$41
43 years$2,164$1,309$761$429$237$35
44 years$2,091$1,248$715$397$215$30
45 years$2,022$1,190$671$366$195$26
46 years$1,955$1,135$630$338$177$22
47 years$1,892$1,083$592$313$161$19
48 years$1,832$1,034$557$289$146$16
49 years$1,774$988$523$267$133$14
50 years$1,718$944$492$247$121$12

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 $4,344 every year, while hoping to spend $38,060 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: 64/13/23 Blend
62$1,760,000$1,760,000$1,760,000$1,760,000
63$1,944,001$1,850,721$1,823,441$2,056,533
64$2,101,793$1,900,911$1,844,031$2,183,129
65$2,274,405$1,952,284$1,864,034$2,316,730
66$2,463,308$2,004,859$1,883,393$2,461,835
67$2,670,121$2,058,653$1,902,042$2,619,573
68$2,896,629$2,113,683$1,919,916$2,791,189
69$3,144,797$2,169,965$1,936,945$2,978,054
70$3,416,788$2,227,515$1,953,055$3,181,680
71$3,714,986$2,286,349$1,968,168$3,403,731
72$4,042,016$2,346,481$1,982,202$3,646,040
73$4,400,767$2,407,925$1,995,072$3,910,628
74$4,794,425$2,470,693$2,006,687$4,199,722
75$5,226,496$2,534,797$2,016,951$4,515,773
76$5,700,845$2,600,248$2,025,765$4,861,484
77$6,221,726$2,667,055$2,033,023$5,239,834
78$6,793,828$2,735,227$2,038,615$5,654,104
79$7,422,316$2,804,770$2,042,426$6,107,909
80$8,112,878$2,875,689$2,044,333$6,605,235
81$8,871,782$2,947,988$2,044,208$7,150,471
82$9,705,933$3,021,669$2,041,919$7,748,456
83$10,622,938$3,096,731$2,037,323$8,404,522
84$11,631,178$3,173,171$2,030,274$9,124,544
85$12,739,887$3,250,985$2,020,617$9,914,999
86$13,959,237$3,330,166$2,008,189$10,783,020
87$15,300,438$3,410,702$1,992,822$11,736,472
88$16,775,838$3,492,581$1,974,336$12,784,020
89$18,399,043$3,575,788$1,952,546$13,935,215
90$20,185,045$3,660,301$1,927,257$15,200,580
91$22,150,363$3,746,099$1,898,263$16,591,714
92$24,313,196$3,833,154$1,865,351$18,121,399
93$26,693,598$3,921,434$1,828,296$19,803,721
94$29,313,665$4,010,905$1,786,864$21,654,203
95$32,197,745$4,101,525$1,740,810$23,689,955
96$35,372,664$4,193,250$1,689,877$25,929,828
97$38,867,985$4,286,027$1,633,796$28,394,602
98$42,716,277$4,379,801$1,572,287$31,107,174
99$46,953,435$4,474,508$1,505,055$34,092,781
100$51,619,005$4,570,079$1,431,795$37,379,233