Can I retire at age 63 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$134,604$133,405$132,235$131,093$129,978$128,089
2 years$66,636$65,395$64,192$63,026$61,895$59,995
3 years$43,982$42,736$41,536$40,381$39,268$37,418
4 years$32,658$31,416$30,228$29,092$28,007$26,219
5 years$25,865$24,630$23,458$22,346$21,290$19,571
6 years$21,338$20,112$18,958$17,870$16,846$15,197
7 years$18,106$16,890$15,754$14,692$13,700$12,122
8 years$15,683$14,478$13,361$12,325$11,366$9,859
9 years$13,799$12,606$11,507$10,498$9,572$8,134
10 years$12,293$11,111$10,032$9,049$8,156$6,787
11 years$11,061$9,892$8,832$7,876$7,014$5,713
12 years$10,036$8,878$7,839$6,908$6,078$4,843
13 years$9,169$8,023$7,003$6,099$5,300$4,130
14 years$8,426$7,293$6,292$5,414$4,646$3,538
15 years$7,784$6,662$5,681$4,828$4,091$3,043
16 years$7,222$6,113$5,151$4,323$3,616$2,626
17 years$6,726$5,629$4,687$3,884$3,206$2,273
18 years$6,286$5,202$4,279$3,500$2,850$1,972
19 years$5,893$4,821$3,917$3,163$2,541$1,714
20 years$5,540$4,480$3,595$2,865$2,269$1,492
21 years$5,221$4,173$3,306$2,600$2,031$1,302
22 years$4,931$3,895$3,047$2,364$1,820$1,137
23 years$4,666$3,643$2,814$2,153$1,634$994
24 years$4,425$3,413$2,602$1,964$1,469$869
25 years$4,202$3,203$2,410$1,793$1,322$761
26 years$3,998$3,011$2,235$1,640$1,190$667
27 years$3,808$2,833$2,076$1,501$1,073$585
28 years$3,633$2,670$1,930$1,375$968$514
29 years$3,470$2,519$1,796$1,261$875$451
30 years$3,318$2,379$1,673$1,157$790$396
31 years$3,176$2,249$1,559$1,063$714$348
32 years$3,043$2,128$1,455$977$646$306
33 years$2,919$2,015$1,358$898$585$269
34 years$2,802$1,910$1,269$826$529$237
35 years$2,692$1,811$1,187$761$480$208
36 years$2,589$1,719$1,110$701$435$183
37 years$2,491$1,633$1,039$646$394$161
38 years$2,399$1,552$973$595$357$142
39 years$2,311$1,476$912$549$324$125
40 years$2,228$1,404$854$506$294$110
41 years$2,150$1,336$801$467$266$97
42 years$2,075$1,273$752$431$242$85
43 years$2,004$1,213$705$398$219$75
44 years$1,937$1,156$662$367$199$66
45 years$1,872$1,102$622$339$181$58
46 years$1,811$1,052$584$313$164$51
47 years$1,752$1,003$548$289$149$45
48 years$1,696$958$515$267$135$40
49 years$1,643$915$484$247$123$35
50 years$1,591$874$455$228$112$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,630,000, adding $4,863 every year, while hoping to spend $34,969 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: 21/50/29 Blend
62$1,630,000$1,630,000$1,630,000$1,630,000
63$1,801,276$1,714,886$1,689,621$1,822,435
64$1,947,800$1,761,709$1,709,017$1,889,064
65$2,108,096$1,809,654$1,727,890$1,957,029
66$2,283,535$1,858,739$1,746,187$2,028,925
67$2,475,620$1,908,983$1,763,849$2,105,093
68$2,686,013$1,960,402$1,780,817$2,185,909
69$2,916,538$2,013,014$1,797,027$2,271,784
70$3,169,209$2,066,835$1,812,411$2,363,173
71$3,446,240$2,121,882$1,826,898$2,460,577
72$3,750,072$2,178,170$1,840,415$2,564,545
73$4,083,393$2,235,714$1,852,883$2,675,684
74$4,449,163$2,294,528$1,864,219$2,794,662
75$4,850,644$2,354,626$1,874,336$2,922,215
76$5,291,427$2,416,020$1,883,144$3,059,154
77$5,775,470$2,478,722$1,890,546$3,206,372
78$6,307,131$2,542,743$1,896,443$3,364,853
79$6,891,212$2,608,091$1,900,727$3,535,681
80$7,533,003$2,674,775$1,903,289$3,720,051
81$8,238,332$2,742,801$1,904,012$3,919,282
82$9,013,619$2,812,176$1,902,773$4,134,825
83$9,865,937$2,882,901$1,899,445$4,368,280
84$10,803,078$2,954,979$1,893,892$4,621,412
85$11,833,629$3,028,409$1,885,974$4,896,164
86$12,967,048$3,103,190$1,875,543$5,194,681
87$14,213,756$3,179,316$1,862,443$5,519,326
88$15,585,238$3,256,781$1,846,513$5,872,703
89$17,094,143$3,335,574$1,827,583$6,257,684
90$18,754,412$3,415,683$1,805,473$6,677,435
91$20,581,403$3,497,093$1,779,997$7,135,448
92$22,592,039$3,579,784$1,750,960$7,635,568
93$24,804,967$3,663,734$1,718,158$8,182,040
94$27,240,733$3,748,916$1,681,376$8,779,539
95$29,921,976$3,835,301$1,640,389$9,433,222
96$32,873,640$3,922,853$1,594,965$10,148,773
97$36,123,212$4,011,533$1,544,856$10,932,460
98$39,700,978$4,101,297$1,489,808$11,791,190
99$43,640,313$4,192,095$1,429,551$12,732,582
100$47,977,989$4,283,872$1,363,806$13,765,032