Can I retire at age 63 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$130,475$129,313$128,179$127,072$125,991$120,993
2 years$64,592$63,389$62,223$61,092$59,996$55,022
3 years$42,633$41,425$40,262$39,142$38,064$33,271
4 years$31,656$30,452$29,301$28,200$27,147$22,572
5 years$25,072$23,875$22,738$21,660$20,637$16,291
6 years$20,684$19,495$18,376$17,322$16,329$12,215
7 years$17,550$16,372$15,271$14,241$13,280$9,397
8 years$15,202$14,034$12,951$11,947$11,017$7,360
9 years$13,376$12,219$11,154$10,176$9,278$5,842
10 years$11,916$10,771$9,725$8,772$7,905$4,684
11 years$10,722$9,588$8,561$7,634$6,799$3,784
12 years$9,728$8,606$7,598$6,696$5,892$3,076
13 years$8,888$7,777$6,788$5,912$5,138$2,512
14 years$8,168$7,069$6,099$5,248$4,504$2,060
15 years$7,545$6,458$5,507$4,680$3,965$1,694
16 years$7,000$5,925$4,993$4,190$3,505$1,396
17 years$6,520$5,457$4,543$3,765$3,107$1,153
18 years$6,093$5,042$4,147$3,393$2,763$954
19 years$5,712$4,673$3,797$3,066$2,463$791
20 years$5,370$4,343$3,484$2,777$2,200$656
21 years$5,060$4,045$3,205$2,520$1,969$545
22 years$4,779$3,776$2,954$2,291$1,765$453
23 years$4,523$3,531$2,727$2,087$1,584$376
24 years$4,289$3,309$2,522$1,903$1,424$313
25 years$4,073$3,105$2,336$1,738$1,281$260
26 years$3,875$2,918$2,167$1,589$1,154$217
27 years$3,692$2,746$2,012$1,455$1,040$181
28 years$3,521$2,588$1,870$1,333$939$150
29 years$3,363$2,441$1,741$1,222$848$125
30 years$3,216$2,306$1,621$1,122$766$104
31 years$3,079$2,180$1,512$1,030$692$87
32 years$2,950$2,062$1,410$947$626$73
33 years$2,830$1,953$1,317$871$567$60
34 years$2,716$1,851$1,230$801$513$50
35 years$2,610$1,756$1,150$737$465$42
36 years$2,509$1,666$1,076$679$421$35
37 years$2,415$1,583$1,007$626$382$29
38 years$2,325$1,504$943$577$346$24
39 years$2,240$1,430$884$532$314$20
40 years$2,160$1,361$828$491$285$17
41 years$2,084$1,295$777$453$258$14
42 years$2,012$1,234$728$418$234$12
43 years$1,943$1,175$684$386$213$10
44 years$1,877$1,120$642$356$193$8
45 years$1,815$1,068$603$329$175$7
46 years$1,755$1,019$566$304$159$6
47 years$1,699$973$532$281$144$5
48 years$1,644$929$500$259$131$4
49 years$1,592$887$470$240$119$3
50 years$1,543$847$441$221$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,580,000, adding $4,430 every year, while hoping to spend $50,575 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: 54/23/23 Blend
62$1,580,000$1,580,000$1,580,000$1,580,000
63$1,745,730$1,661,990$1,637,500$1,828,740
64$1,869,983$1,689,616$1,638,544$1,913,918
65$2,005,214$1,716,900$1,637,929$2,000,954
66$2,152,491$1,743,774$1,635,545$2,094,642
67$2,312,987$1,770,160$1,631,277$2,195,635
68$2,487,993$1,795,979$1,625,006$2,304,654
69$2,678,930$1,821,144$1,616,606$2,422,494
70$2,887,364$1,845,563$1,605,945$2,550,033
71$3,115,016$1,869,137$1,592,886$2,688,239
72$3,363,783$1,891,760$1,577,282$2,838,180
73$3,635,752$1,913,319$1,558,984$3,001,036
74$3,933,220$1,933,693$1,537,832$3,178,107
75$4,258,719$1,952,755$1,513,660$3,370,829
76$4,615,035$1,970,366$1,486,293$3,580,786
77$5,005,235$1,986,381$1,455,551$3,809,725
78$5,432,699$2,000,643$1,421,242$4,059,574
79$5,901,148$2,012,988$1,383,167$4,332,460
80$6,414,679$2,023,239$1,341,118$4,630,730
81$6,977,807$2,031,208$1,294,875$4,956,973
82$7,595,501$2,036,695$1,244,212$5,314,044
83$8,273,238$2,039,489$1,188,889$5,705,095
84$9,017,049$2,039,365$1,128,657$6,133,600
85$9,833,577$2,036,082$1,063,256$6,603,395
86$10,730,139$2,029,387$992,412$7,118,707
87$11,714,797$2,019,011$915,841$7,684,200
88$12,796,430$2,004,667$833,247$8,305,021
89$13,984,823$1,986,052$744,317$8,986,844
90$15,290,750$1,962,844$648,727$9,735,926
91$16,726,086$1,934,703$546,139$10,559,172
92$18,303,910$1,901,267$436,198$11,464,192
93$20,038,632$1,862,152$318,534$12,459,384
94$21,946,130$1,816,955$192,762$13,554,004
95$24,043,894$1,765,245$58,478$14,758,264
96$26,351,197$1,706,567$0$16,083,422
97$28,889,272$1,640,442$0$17,562,711
98$31,681,513$1,566,359$0$19,205,672
99$34,753,698$1,483,781$0$21,013,148
100$38,134,226$1,392,137$0$23,001,900