Can I retire at age 63 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$132,952$131,768$130,613$129,485$128,384$123,779
2 years$65,818$64,592$63,404$62,252$61,135$56,546
3 years$43,443$42,212$41,027$39,886$38,787$34,357
4 years$32,257$31,030$29,857$28,735$27,663$23,427
5 years$25,548$24,328$23,170$22,072$21,029$16,997
6 years$21,076$19,866$18,725$17,651$16,639$12,815
7 years$17,884$16,683$15,561$14,512$13,532$9,915
8 years$15,490$14,300$13,197$12,173$11,226$7,813
9 years$13,630$12,451$11,366$10,369$9,454$6,240
10 years$12,142$10,975$9,909$8,938$8,055$5,034
11 years$10,926$9,770$8,724$7,779$6,928$4,094
12 years$9,913$8,769$7,742$6,823$6,004$3,350
13 years$9,056$7,925$6,917$6,024$5,235$2,755
14 years$8,323$7,204$6,215$5,347$4,589$2,274
15 years$7,688$6,581$5,611$4,769$4,041$1,884
16 years$7,133$6,038$5,088$4,270$3,571$1,564
17 years$6,644$5,560$4,630$3,837$3,166$1,302
18 years$6,209$5,138$4,226$3,458$2,815$1,085
19 years$5,821$4,762$3,869$3,124$2,509$906
20 years$5,472$4,425$3,551$2,830$2,242$757
21 years$5,157$4,122$3,266$2,568$2,006$634
22 years$4,870$3,847$3,010$2,335$1,798$531
23 years$4,609$3,598$2,779$2,126$1,614$445
24 years$4,370$3,372$2,570$1,939$1,451$373
25 years$4,151$3,164$2,381$1,771$1,305$313
26 years$3,949$2,974$2,208$1,619$1,176$263
27 years$3,762$2,799$2,050$1,482$1,060$220
28 years$3,588$2,637$1,906$1,358$957$185
29 years$3,427$2,488$1,774$1,245$864$155
30 years$3,277$2,349$1,652$1,143$780$131
31 years$3,137$2,221$1,540$1,050$706$110
32 years$3,006$2,102$1,437$965$638$92
33 years$2,883$1,990$1,342$887$578$78
34 years$2,768$1,886$1,254$816$523$65
35 years$2,659$1,789$1,172$751$474$55
36 years$2,557$1,698$1,096$692$429$46
37 years$2,461$1,613$1,026$638$389$39
38 years$2,369$1,533$961$588$353$33
39 years$2,283$1,457$900$542$320$27
40 years$2,201$1,387$844$500$290$23
41 years$2,123$1,320$791$461$263$19
42 years$2,050$1,257$742$426$239$16
43 years$1,980$1,198$697$393$217$14
44 years$1,913$1,142$654$363$197$12
45 years$1,849$1,089$614$335$179$10
46 years$1,789$1,039$577$309$162$8
47 years$1,731$991$542$286$147$7
48 years$1,675$946$509$264$134$6
49 years$1,623$904$479$244$121$5
50 years$1,572$863$450$226$110$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,610,000, adding $4,307 every year, while hoping to spend $59,573 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: 72/13/15 Blend
62$1,610,000$1,610,000$1,610,000$1,610,000
63$1,778,663$1,693,333$1,668,378$1,900,445
64$1,896,701$1,712,921$1,660,883$2,001,365
65$2,024,783$1,731,472$1,651,141$2,104,179
66$2,163,869$1,748,873$1,639,013$2,215,203
67$2,315,018$1,765,002$1,624,354$2,335,238
68$2,479,393$1,779,730$1,607,013$2,465,166
69$2,658,273$1,792,919$1,586,830$2,605,958
70$2,853,068$1,804,423$1,563,640$2,758,688
71$3,065,327$1,814,086$1,537,268$2,924,536
72$3,296,756$1,821,741$1,507,532$3,104,806
73$3,549,231$1,827,213$1,474,240$3,300,932
74$3,824,820$1,830,313$1,437,194$3,514,498
75$4,125,796$1,830,843$1,396,184$3,747,250
76$4,454,663$1,828,590$1,350,992$4,001,112
77$4,814,177$1,823,330$1,301,390$4,278,204
78$5,207,374$1,814,824$1,247,137$4,580,865
79$5,637,595$1,802,819$1,187,985$4,911,674
80$6,108,519$1,787,046$1,123,671$5,273,472
81$6,624,197$1,767,221$1,053,924$5,669,394
82$7,189,093$1,743,042$978,457$6,102,895
83$7,808,118$1,714,189$896,973$6,577,783
84$8,486,684$1,680,322$809,160$7,098,259
85$9,230,751$1,641,084$714,693$7,668,951
86$10,046,884$1,596,093$613,231$8,294,964
87$10,942,312$1,544,947$504,420$8,981,924
88$11,924,999$1,487,221$387,890$9,736,036
89$13,003,717$1,422,463$263,252$10,564,137
90$14,188,129$1,350,196$130,104$11,473,769
91$15,488,879$1,269,917$0$12,473,241
92$16,917,693$1,181,091$0$13,573,637
93$18,487,488$1,083,154$0$14,805,486
94$20,212,493$975,511$0$16,159,150
95$22,108,387$857,530$0$17,646,984
96$24,192,439$728,546$0$19,282,598
97$26,483,679$587,855$0$21,080,995
98$29,003,068$434,714$0$23,058,706
99$31,773,704$268,338$0$25,233,948
100$34,821,033$87,898$0$27,626,799