Can I retire at age 63 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$136,255$135,042$133,858$132,702$131,573$128,811
2 years$67,453$66,197$64,979$63,799$62,654$59,884
3 years$44,522$43,260$42,046$40,877$39,750$37,060
4 years$33,059$31,801$30,599$29,449$28,350$25,759
5 years$26,183$24,932$23,746$22,620$21,551$19,067
6 years$21,600$20,359$19,190$18,089$17,053$14,678
7 years$18,328$17,098$15,947$14,872$13,869$11,604
8 years$15,875$14,656$13,524$12,476$11,505$9,350
9 years$13,968$12,761$11,649$10,627$9,689$7,641
10 years$12,444$11,248$10,156$9,160$8,256$6,313
11 years$11,197$10,013$8,941$7,972$7,100$5,261
12 years$10,159$8,987$7,935$6,993$6,153$4,414
13 years$9,281$8,122$7,089$6,174$5,365$3,724
14 years$8,530$7,383$6,370$5,480$4,703$3,156
15 years$7,879$6,744$5,751$4,887$4,141$2,685
16 years$7,310$6,188$5,214$4,376$3,660$2,291
17 years$6,809$5,699$4,745$3,932$3,245$1,960
18 years$6,363$5,266$4,331$3,543$2,885$1,681
19 years$5,966$4,880$3,965$3,202$2,572$1,444
20 years$5,608$4,535$3,639$2,900$2,297$1,243
21 years$5,285$4,224$3,347$2,632$2,056$1,071
22 years$4,991$3,943$3,085$2,393$1,843$923
23 years$4,724$3,688$2,848$2,179$1,654$797
24 years$4,479$3,455$2,634$1,988$1,487$689
25 years$4,254$3,243$2,440$1,815$1,338$596
26 years$4,047$3,048$2,263$1,660$1,205$516
27 years$3,855$2,868$2,101$1,519$1,086$446
28 years$3,677$2,703$1,953$1,392$980$387
29 years$3,512$2,550$1,818$1,276$885$335
30 years$3,359$2,408$1,693$1,171$800$290
31 years$3,215$2,276$1,578$1,076$723$252
32 years$3,081$2,154$1,473$989$654$218
33 years$2,955$2,040$1,375$909$592$190
34 years$2,837$1,933$1,285$837$536$164
35 years$2,725$1,834$1,201$770$485$143
36 years$2,621$1,740$1,124$709$440$124
37 years$2,522$1,653$1,052$653$399$108
38 years$2,428$1,571$985$602$361$93
39 years$2,340$1,494$923$555$328$81
40 years$2,256$1,421$865$512$297$70
41 years$2,176$1,353$811$473$270$61
42 years$2,101$1,288$761$436$245$53
43 years$2,029$1,228$714$403$222$46
44 years$1,960$1,170$670$372$202$40
45 years$1,895$1,116$629$343$183$35
46 years$1,833$1,064$591$317$166$30
47 years$1,774$1,016$555$293$151$26
48 years$1,717$970$522$271$137$23
49 years$1,663$926$490$250$124$20
50 years$1,611$885$461$231$113$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,650,000, adding $4,938 every year, while hoping to spend $30,159 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: 75/15/10 Blend
62$1,650,000$1,650,000$1,650,000$1,650,000
63$1,823,394$1,735,944$1,710,369$1,956,508
64$1,977,291$1,788,916$1,735,577$2,097,887
65$2,145,875$1,843,473$1,760,619$2,248,482
66$2,330,611$1,899,661$1,785,457$2,412,666
67$2,533,116$1,957,526$1,810,052$2,591,777
68$2,755,167$2,017,118$1,834,362$2,787,288
69$2,998,722$2,078,485$1,858,341$3,000,820
70$3,265,940$2,141,679$1,881,944$3,234,162
71$3,559,196$2,206,752$1,905,120$3,489,279
72$3,881,109$2,273,757$1,927,816$3,768,338
73$4,234,561$2,342,751$1,949,977$4,073,726
74$4,622,729$2,413,788$1,971,544$4,408,070
75$5,049,113$2,486,929$1,992,456$4,774,266
76$5,517,565$2,562,231$2,012,646$5,175,501
77$6,032,333$2,639,757$2,032,046$5,615,288
78$6,598,094$2,719,568$2,050,583$6,097,496
79$7,220,003$2,801,730$2,068,180$6,626,387
80$7,903,737$2,886,309$2,084,758$7,206,655
81$8,655,552$2,973,371$2,100,231$7,843,473
82$9,482,339$3,062,987$2,114,509$8,542,539
83$10,391,692$3,155,228$2,127,500$9,310,130
84$11,391,976$3,250,166$2,139,103$10,153,162
85$12,492,411$3,347,877$2,149,216$11,079,254
86$13,703,150$3,448,437$2,157,729$12,096,803
87$15,035,386$3,551,925$2,164,527$13,215,056
88$16,501,447$3,658,420$2,169,489$14,444,205
89$18,114,918$3,768,006$2,172,491$15,795,478
90$19,890,768$3,880,767$2,173,398$17,281,246
91$21,845,491$3,996,790$2,172,072$18,915,141
92$23,997,261$4,116,162$2,168,366$20,712,183
93$26,366,102$4,238,975$2,162,126$22,688,920
94$28,974,080$4,365,320$2,153,194$24,863,588
95$31,845,509$4,495,294$2,141,399$27,256,280
96$35,007,181$4,628,993$2,126,565$29,889,136
97$38,488,616$4,766,516$2,108,507$32,786,553
98$42,322,344$4,907,964$2,087,032$35,975,412
99$46,544,211$5,053,443$2,061,935$39,485,335
100$51,193,715$5,203,056$2,033,005$43,348,964