Can I retire at age 63 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$146,991$145,681$144,404$143,157$141,940$137,783
2 years$72,768$71,412$70,099$68,826$67,590$63,436
3 years$48,030$46,669$45,359$44,097$42,882$38,860
4 years$35,663$34,307$33,010$31,770$30,584$26,726
5 years$28,246$26,897$25,617$24,402$23,249$19,565
6 years$23,302$21,963$20,702$19,515$18,396$14,890
7 years$19,772$18,445$17,204$16,044$14,961$11,632
8 years$17,126$15,810$14,590$13,459$12,412$9,258
9 years$15,069$13,766$12,566$11,464$10,453$7,471
10 years$13,424$12,134$10,956$9,882$8,906$6,093
11 years$12,079$10,802$9,645$8,600$7,660$5,010
12 years$10,960$9,695$8,560$7,544$6,638$4,146
13 years$10,013$8,762$7,648$6,660$5,788$3,449
14 years$9,202$7,964$6,871$5,912$5,074$2,881
15 years$8,500$7,275$6,204$5,272$4,467$2,415
16 years$7,886$6,675$5,625$4,721$3,948$2,030
17 years$7,345$6,148$5,118$4,242$3,501$1,711
18 years$6,865$5,681$4,672$3,823$3,113$1,445
19 years$6,436$5,265$4,277$3,454$2,774$1,222
20 years$6,050$4,892$3,926$3,128$2,478$1,034
21 years$5,701$4,557$3,611$2,839$2,218$877
22 years$5,384$4,254$3,328$2,581$1,988$744
23 years$5,096$3,978$3,073$2,351$1,784$632
24 years$4,832$3,728$2,842$2,144$1,604$537
25 years$4,589$3,498$2,632$1,958$1,443$457
26 years$4,366$3,288$2,441$1,790$1,300$389
27 years$4,159$3,094$2,267$1,639$1,172$331
28 years$3,967$2,916$2,107$1,502$1,058$282
29 years$3,789$2,750$1,961$1,377$955$240
30 years$3,623$2,598$1,827$1,264$863$204
31 years$3,468$2,456$1,703$1,161$780$174
32 years$3,324$2,323$1,589$1,067$706$149
33 years$3,188$2,200$1,483$981$639$127
34 years$3,060$2,085$1,386$902$578$108
35 years$2,940$1,978$1,296$831$524$92
36 years$2,827$1,877$1,212$765$475$78
37 years$2,720$1,783$1,135$705$430$67
38 years$2,619$1,695$1,063$650$390$57
39 years$2,524$1,611$995$599$354$49
40 years$2,434$1,533$933$553$321$42
41 years$2,348$1,459$875$510$291$35
42 years$2,266$1,390$821$471$264$30
43 years$2,189$1,324$770$434$240$26
44 years$2,115$1,262$723$401$217$22
45 years$2,045$1,204$679$370$197$19
46 years$1,978$1,148$638$342$179$16
47 years$1,914$1,096$599$316$163$14
48 years$1,852$1,046$563$292$148$12
49 years$1,794$999$529$270$134$10
50 years$1,738$954$497$250$122$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,780,000, adding $2,770 every year, while hoping to spend $27,062 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: 40/49/11 Blend
62$1,780,000$1,780,000$1,780,000$1,780,000
63$1,964,417$1,870,077$1,842,487$2,036,421
64$2,135,994$1,932,917$1,875,417$2,150,264
65$2,324,165$1,997,929$1,908,543$2,270,455
66$2,530,593$2,065,192$1,941,842$2,399,871
67$2,757,112$2,134,785$1,975,293$2,539,361
68$3,005,741$2,206,792$2,008,868$2,689,855
69$3,278,703$2,281,302$2,042,542$2,852,373
70$3,578,448$2,358,403$2,076,284$3,028,040
71$3,907,674$2,438,189$2,110,064$3,218,089
72$4,269,355$2,520,758$2,143,849$3,423,878
73$4,666,764$2,606,211$2,177,604$3,646,896
74$5,103,511$2,694,651$2,211,290$3,888,785
75$5,583,568$2,786,189$2,244,867$4,151,348
76$6,111,316$2,880,936$2,278,294$4,436,567
77$6,691,578$2,979,009$2,311,525$4,746,626
78$7,329,669$3,080,531$2,344,511$5,083,923
79$8,031,446$3,185,628$2,377,203$5,451,099
80$8,803,359$3,294,429$2,409,545$5,851,059
81$9,652,518$3,407,073$2,441,481$6,287,001
82$10,586,755$3,523,699$2,472,950$6,762,442
83$11,614,698$3,644,454$2,503,889$7,281,255
84$12,745,857$3,769,492$2,534,228$7,847,701
85$13,990,707$3,898,970$2,563,898$8,466,473
86$15,360,793$4,033,053$2,592,822$9,142,734
87$16,868,832$4,171,911$2,620,920$9,882,169
88$18,528,841$4,315,723$2,648,109$10,691,040
89$20,356,261$4,464,672$2,674,299$11,576,236
90$22,368,109$4,618,950$2,699,397$12,545,347
91$24,583,134$4,778,756$2,723,304$13,606,729
92$27,021,996$4,944,297$2,745,917$14,769,583
93$29,707,460$5,115,788$2,767,126$16,044,043
94$32,664,612$5,293,453$2,786,816$17,441,269
95$35,921,094$5,477,524$2,804,866$18,973,550
96$39,507,364$5,668,242$2,821,148$20,654,422
97$43,456,988$5,865,858$2,835,529$22,498,795
98$47,806,949$6,070,633$2,847,867$24,523,090
99$52,598,002$6,282,839$2,858,015$26,745,394
100$57,875,058$6,502,757$2,865,818$29,185,631