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%19.1%
1 years$145,339$144,045$142,781$141,549$140,345$135,204
2 years$71,950$70,610$69,311$68,052$66,831$61,709
3 years$47,490$46,144$44,849$43,602$42,400$37,458
4 years$35,263$33,921$32,639$31,413$30,240$25,516
5 years$27,928$26,595$25,329$24,128$22,988$18,493
6 years$23,040$21,716$20,470$19,295$18,190$13,928
7 years$19,550$18,237$17,010$15,864$14,793$10,763
8 years$16,933$15,633$14,426$13,308$12,272$8,471
9 years$14,900$13,611$12,425$11,335$10,335$6,757
10 years$13,273$11,998$10,833$9,771$8,806$5,445
11 years$11,944$10,681$9,537$8,504$7,573$4,422
12 years$10,836$9,586$8,464$7,459$6,563$3,614
13 years$9,900$8,663$7,562$6,585$5,723$2,968
14 years$9,099$7,875$6,794$5,846$5,017$2,447
15 years$8,404$7,194$6,134$5,213$4,417$2,024
16 years$7,797$6,600$5,562$4,668$3,904$1,678
17 years$7,263$6,078$5,061$4,194$3,461$1,394
18 years$6,788$5,617$4,620$3,780$3,078$1,161
19 years$6,363$5,206$4,229$3,415$2,743$968
20 years$5,982$4,837$3,881$3,093$2,450$808
21 years$5,637$4,506$3,570$2,807$2,193$675
22 years$5,324$4,206$3,290$2,552$1,966$564
23 years$5,039$3,934$3,038$2,325$1,764$472
24 years$4,777$3,686$2,810$2,120$1,586$395
25 years$4,538$3,459$2,602$1,936$1,427$331
26 years$4,316$3,251$2,414$1,770$1,285$277
27 years$4,112$3,059$2,241$1,620$1,159$232
28 years$3,923$2,883$2,084$1,485$1,046$195
29 years$3,747$2,720$1,939$1,361$944$163
30 years$3,583$2,568$1,806$1,250$853$137
31 years$3,429$2,428$1,684$1,148$771$115
32 years$3,286$2,297$1,571$1,055$698$96
33 years$3,152$2,176$1,467$970$631$81
34 years$3,026$2,062$1,370$892$572$68
35 years$2,907$1,956$1,281$821$518$57
36 years$2,795$1,856$1,199$757$469$48
37 years$2,690$1,763$1,122$697$425$40
38 years$2,590$1,676$1,051$642$386$34
39 years$2,496$1,593$984$592$350$28
40 years$2,406$1,516$923$546$317$24
41 years$2,321$1,443$865$504$288$20
42 years$2,241$1,374$811$465$261$17
43 years$2,164$1,309$761$429$237$14
44 years$2,091$1,248$715$397$215$12
45 years$2,022$1,190$671$366$195$10
46 years$1,955$1,135$630$338$177$8
47 years$1,892$1,083$592$313$161$7
48 years$1,832$1,034$557$289$146$6
49 years$1,774$988$523$267$133$5
50 years$1,718$944$492$247$121$4

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 $2,857 every year, while hoping to spend $35,023 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: 50/33/17 Blend
62$1,760,000$1,760,000$1,760,000$1,760,000
63$1,942,467$1,849,187$1,821,907$2,030,318
64$2,103,334$1,902,533$1,845,677$2,144,529
65$2,279,437$1,957,319$1,869,069$2,264,721
66$2,472,290$2,013,579$1,892,034$2,394,582
67$2,683,566$2,071,346$1,914,519$2,535,034
68$2,915,104$2,130,656$1,936,470$2,687,093
69$3,168,929$2,191,544$1,957,826$2,851,878
70$3,447,275$2,254,044$1,978,528$3,030,619
71$3,752,597$2,318,192$1,998,509$3,224,671
72$4,087,604$2,384,026$2,017,701$3,435,528
73$4,455,277$2,451,581$2,036,032$3,664,832
74$4,858,902$2,520,894$2,053,425$3,914,392
75$5,302,095$2,592,003$2,069,800$4,186,201
76$5,788,843$2,664,946$2,085,072$4,482,453
77$6,323,536$2,739,759$2,099,153$4,805,565
78$6,911,011$2,816,482$2,111,949$5,158,199
79$7,556,596$2,895,152$2,123,362$5,543,287
80$8,266,162$2,975,807$2,133,288$5,964,059
81$9,046,176$3,058,487$2,141,618$6,424,071
82$9,903,763$3,143,229$2,148,239$6,927,245
83$10,846,771$3,230,073$2,153,030$7,477,897
84$11,883,851$3,319,055$2,155,866$8,080,783
85$13,024,530$3,410,215$2,156,614$8,741,145
86$14,279,307$3,503,591$2,155,135$9,464,755
87$15,659,749$3,599,219$2,151,285$10,257,975
88$17,178,601$3,697,138$2,144,910$11,127,813
89$18,849,905$3,797,384$2,135,851$12,081,992
90$20,689,132$3,899,994$2,123,939$13,129,020
91$22,713,332$4,005,002$2,108,999$14,278,271
92$24,941,288$4,112,443$2,090,847$15,540,076
93$27,393,699$4,222,352$2,069,290$16,925,818
94$30,093,370$4,334,761$2,044,125$18,448,038
95$33,065,431$4,449,702$2,015,140$20,120,557
96$36,337,572$4,567,204$1,982,115$21,958,604
97$39,940,305$4,687,298$1,944,816$23,978,961
98$43,907,250$4,810,009$1,903,002$26,200,118
99$48,275,455$4,935,365$1,856,417$28,642,453
100$53,085,740$5,063,386$1,804,796$31,328,422