Can I retire at age 63 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$146,165$144,863$143,593$142,353$141,142$138,123
2 years$72,359$71,011$69,705$68,439$67,211$64,184
3 years$47,760$46,407$45,104$43,849$42,641$39,701
4 years$35,463$34,114$32,824$31,591$30,412$27,581
5 years$28,087$26,746$25,473$24,265$23,119$20,405
6 years$23,171$21,840$20,586$19,405$18,293$15,699
7 years$19,661$18,341$17,107$15,954$14,877$12,404
8 years$17,030$15,722$14,508$13,383$12,342$9,989
9 years$14,984$13,689$12,496$11,400$10,394$8,159
10 years$13,349$12,066$10,894$9,827$8,856$6,737
11 years$12,012$10,741$9,591$8,552$7,616$5,610
12 years$10,898$9,641$8,512$7,501$6,600$4,704
13 years$9,957$8,713$7,605$6,623$5,756$3,966
14 years$9,150$7,920$6,833$5,879$5,045$3,359
15 years$8,452$7,235$6,169$5,243$4,442$2,856
16 years$7,842$6,638$5,593$4,694$3,926$2,435
17 years$7,304$6,113$5,090$4,218$3,481$2,082
18 years$6,826$5,649$4,646$3,801$3,095$1,784
19 years$6,399$5,235$4,253$3,435$2,759$1,531
20 years$6,016$4,865$3,904$3,111$2,464$1,317
21 years$5,669$4,531$3,590$2,823$2,205$1,134
22 years$5,354$4,230$3,309$2,567$1,977$977
23 years$5,067$3,956$3,055$2,338$1,774$843
24 years$4,805$3,707$2,826$2,132$1,595$728
25 years$4,563$3,478$2,617$1,947$1,435$629
26 years$4,341$3,269$2,427$1,780$1,293$544
27 years$4,135$3,077$2,254$1,630$1,166$470
28 years$3,945$2,899$2,095$1,493$1,052$407
29 years$3,768$2,735$1,950$1,369$950$353
30 years$3,603$2,583$1,816$1,257$858$305
31 years$3,449$2,442$1,693$1,154$776$265
32 years$3,305$2,310$1,580$1,061$702$229
33 years$3,170$2,188$1,475$975$635$199
34 years$3,043$2,074$1,378$897$575$172
35 years$2,924$1,967$1,289$826$521$149
36 years$2,811$1,867$1,205$761$472$130
37 years$2,705$1,773$1,128$701$428$112
38 years$2,605$1,685$1,057$646$388$97
39 years$2,510$1,602$990$596$352$85
40 years$2,420$1,524$928$550$319$73
41 years$2,335$1,451$870$507$289$64
42 years$2,253$1,382$816$468$263$55
43 years$2,176$1,317$766$432$238$48
44 years$2,103$1,255$719$399$216$42
45 years$2,033$1,197$675$368$196$36
46 years$1,966$1,142$634$340$178$31
47 years$1,903$1,090$596$314$162$27
48 years$1,842$1,040$560$290$147$24
49 years$1,784$993$526$268$134$20
50 years$1,728$949$495$248$121$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,770,000, adding $5,610 every year, while hoping to spend $25,274 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: 44/48/8 Blend
62$1,770,000$1,770,000$1,770,000$1,770,000
63$1,956,327$1,862,517$1,835,082$2,037,711
64$2,128,981$1,926,889$1,869,666$2,159,023
65$2,318,398$1,993,568$1,904,561$2,287,387
66$2,526,263$2,062,640$1,939,752$2,425,927
67$2,754,428$2,134,196$1,975,220$2,575,587
68$3,004,937$2,208,329$2,010,947$2,737,400
69$3,280,038$2,285,135$2,046,911$2,912,507
70$3,582,211$2,364,715$2,083,091$3,102,156
71$3,914,185$2,447,175$2,119,463$3,307,723
72$4,278,967$2,532,622$2,156,001$3,530,720
73$4,679,872$2,621,171$2,192,678$3,772,806
74$5,120,550$2,712,939$2,229,463$4,035,810
75$5,605,021$2,808,048$2,266,325$4,321,740
76$6,137,718$2,906,627$2,303,231$4,632,806
77$6,723,520$3,008,806$2,340,144$4,971,438
78$7,367,806$3,114,725$2,377,027$5,340,311
79$8,076,502$3,224,526$2,413,837$5,742,367
80$8,856,136$3,338,359$2,450,531$6,180,843
81$9,713,901$3,456,378$2,487,063$6,659,300
82$10,657,723$3,578,744$2,523,384$7,181,660
83$11,696,335$3,705,627$2,559,441$7,752,236
84$12,839,358$3,837,199$2,595,179$8,375,778
85$14,097,394$3,973,644$2,630,540$9,057,513
86$15,482,125$4,115,150$2,665,460$9,803,195
87$17,006,423$4,261,913$2,699,874$10,619,159
88$18,684,471$4,414,139$2,733,712$11,512,381
89$20,531,896$4,572,042$2,766,901$12,490,538
90$22,565,920$4,735,842$2,799,362$13,562,086
91$24,805,516$4,905,771$2,831,013$14,736,337
92$27,271,595$5,082,069$2,861,768$16,023,540
93$29,987,194$5,264,988$2,891,534$17,434,988
94$32,977,703$5,454,787$2,920,216$18,983,113
95$36,271,096$5,651,739$2,947,710$20,681,608
96$39,898,199$5,856,126$2,973,910$22,545,555
97$43,892,982$6,068,242$2,998,702$24,591,562
98$48,292,875$6,288,395$3,021,968$26,837,925
99$53,139,126$6,516,904$3,043,581$29,304,794
100$58,477,186$6,754,102$3,063,411$32,014,364