Can I retire at age 63 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$133,778$132,586$131,424$130,289$129,181$124,350
2 years$66,227$64,993$63,798$62,639$61,515$56,703
3 years$43,713$42,474$41,282$40,133$39,028$34,387
4 years$32,458$31,223$30,042$28,914$27,835$23,400
5 years$25,707$24,479$23,314$22,209$21,160$16,942
6 years$21,207$19,989$18,841$17,760$16,743$12,746
7 years$17,995$16,787$15,657$14,602$13,616$9,838
8 years$15,586$14,389$13,279$12,249$11,296$7,734
9 years$13,714$12,528$11,437$10,434$9,513$6,161
10 years$12,217$11,043$9,971$8,994$8,106$4,959
11 years$10,994$9,831$8,778$7,827$6,971$4,022
12 years$9,974$8,824$7,790$6,866$6,041$3,282
13 years$9,113$7,974$6,960$6,061$5,268$2,692
14 years$8,375$7,248$6,254$5,381$4,618$2,216
15 years$7,736$6,622$5,646$4,798$4,066$1,830
16 years$7,177$6,075$5,119$4,297$3,593$1,515
17 years$6,685$5,595$4,658$3,860$3,186$1,257
18 years$6,248$5,170$4,252$3,479$2,833$1,045
19 years$5,857$4,791$3,893$3,144$2,525$870
20 years$5,506$4,452$3,573$2,847$2,255$725
21 years$5,189$4,147$3,286$2,584$2,018$605
22 years$4,900$3,871$3,029$2,349$1,809$505
23 years$4,638$3,621$2,797$2,140$1,624$422
24 years$4,397$3,392$2,586$1,951$1,460$353
25 years$4,177$3,184$2,395$1,782$1,314$295
26 years$3,973$2,992$2,222$1,630$1,183$247
27 years$3,785$2,816$2,063$1,492$1,067$206
28 years$3,611$2,653$1,918$1,367$963$173
29 years$3,449$2,503$1,785$1,253$869$145
30 years$3,298$2,364$1,662$1,150$785$121
31 years$3,157$2,235$1,550$1,056$710$101
32 years$3,025$2,115$1,446$971$642$85
33 years$2,901$2,003$1,350$893$581$71
34 years$2,785$1,898$1,261$821$526$60
35 years$2,676$1,800$1,179$756$477$50
36 years$2,573$1,709$1,103$696$432$42
37 years$2,476$1,623$1,033$642$391$35
38 years$2,384$1,542$967$591$355$29
39 years$2,297$1,467$906$545$322$25
40 years$2,215$1,395$849$503$292$21
41 years$2,137$1,328$796$464$265$17
42 years$2,062$1,265$747$428$240$15
43 years$1,992$1,205$701$395$218$12
44 years$1,925$1,149$658$365$198$10
45 years$1,861$1,095$618$337$180$9
46 years$1,800$1,045$580$311$163$7
47 years$1,742$997$545$288$148$6
48 years$1,686$952$512$266$135$5
49 years$1,633$909$481$246$122$4
50 years$1,582$868$453$227$111$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,620,000, adding $5,760 every year, while hoping to spend $42,118 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: 48/25/27 Blend
62$1,620,000$1,620,000$1,620,000$1,620,000
63$1,791,181$1,705,321$1,680,211$1,863,121
64$1,929,069$1,744,069$1,691,685$1,952,987
65$2,079,609$1,783,304$1,702,132$2,045,920
66$2,244,048$1,823,004$1,711,472$2,146,022
67$2,423,758$1,863,149$1,719,624$2,253,990
68$2,620,249$1,903,711$1,726,499$2,370,590
69$2,835,185$1,944,663$1,732,007$2,496,671
70$3,070,395$1,985,972$1,736,050$2,633,166
71$3,327,896$2,027,606$1,738,529$2,781,103
72$3,609,909$2,069,526$1,739,337$2,941,619
73$3,918,877$2,111,691$1,738,363$3,115,964
74$4,257,495$2,154,056$1,735,490$3,305,519
75$4,628,726$2,196,571$1,730,596$3,511,804
76$5,035,838$2,239,185$1,723,552$3,736,500
77$5,482,427$2,281,838$1,714,225$3,981,454
78$5,972,455$2,324,469$1,702,472$4,248,708
79$6,510,287$2,367,010$1,688,147$4,540,512
80$7,100,730$2,409,387$1,671,093$4,859,346
81$7,749,080$2,451,523$1,651,150$5,207,945
82$8,461,170$2,493,331$1,628,147$5,589,325
83$9,243,426$2,534,721$1,601,907$6,006,813
84$10,102,928$2,575,594$1,572,243$6,464,075
85$11,047,473$2,615,845$1,538,960$6,965,155
86$12,085,655$2,655,362$1,501,855$7,514,511
87$13,226,939$2,694,021$1,460,714$8,117,059
88$14,481,753$2,731,694$1,415,314$8,778,219
89$15,861,586$2,768,242$1,365,422$9,503,966
90$17,379,098$2,803,515$1,310,793$10,300,891
91$19,048,233$2,837,355$1,251,172$11,176,257
92$20,884,360$2,869,592$1,186,293$12,138,073
93$22,904,407$2,900,045$1,115,876$13,195,171
94$25,127,029$2,928,519$1,039,631$14,357,284
95$27,572,779$2,954,810$957,252$15,635,147
96$30,264,304$2,978,697$868,421$17,040,592
97$33,226,556$2,999,946$772,806$18,586,664
98$36,487,030$3,018,308$670,060$20,287,745
99$40,076,019$3,033,518$559,819$22,159,688
100$44,026,906$3,045,294$441,706$24,219,972