Can I retire at age 63 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$139,559$138,316$137,103$135,919$134,763$131,505
2 years$69,088$67,802$66,555$65,346$64,173$60,910
3 years$45,601$44,309$43,065$41,868$40,714$37,548
4 years$33,860$32,572$31,341$30,163$29,037$25,994
5 years$26,817$25,537$24,322$23,168$22,074$19,160
6 years$22,124$20,853$19,655$18,528$17,466$14,685
7 years$18,772$17,512$16,334$15,233$14,205$11,557
8 years$16,260$15,011$13,852$12,778$11,784$9,269
9 years$14,307$13,070$11,931$10,884$9,924$7,539
10 years$12,745$11,520$10,402$9,382$8,456$6,198
11 years$11,469$10,256$9,157$8,166$7,272$5,139
12 years$10,405$9,205$8,127$7,162$6,302$4,289
13 years$9,507$8,319$7,261$6,323$5,495$3,599
14 years$8,737$7,562$6,524$5,613$4,817$3,034
15 years$8,070$6,908$5,890$5,006$4,241$2,567
16 years$7,487$6,338$5,340$4,482$3,749$2,178
17 years$6,974$5,837$4,860$4,027$3,324$1,853
18 years$6,518$5,393$4,436$3,629$2,955$1,579
19 years$6,110$4,999$4,061$3,279$2,634$1,349
20 years$5,744$4,645$3,727$2,970$2,353$1,153
21 years$5,413$4,327$3,428$2,696$2,106$988
22 years$5,112$4,039$3,160$2,451$1,887$847
23 years$4,838$3,777$2,917$2,232$1,694$727
24 years$4,587$3,539$2,698$2,036$1,523$624
25 years$4,357$3,321$2,499$1,859$1,370$536
26 years$4,145$3,121$2,318$1,700$1,234$461
27 years$3,949$2,938$2,152$1,556$1,113$397
28 years$3,767$2,768$2,001$1,426$1,004$341
29 years$3,598$2,611$1,862$1,307$907$294
30 years$3,440$2,466$1,734$1,200$819$253
31 years$3,293$2,331$1,617$1,102$741$218
32 years$3,156$2,206$1,508$1,013$670$188
33 years$3,027$2,089$1,408$931$606$162
34 years$2,905$1,980$1,316$857$549$139
35 years$2,791$1,878$1,230$789$497$120
36 years$2,684$1,782$1,151$726$451$104
37 years$2,583$1,693$1,077$669$408$89
38 years$2,487$1,609$1,009$617$370$77
39 years$2,396$1,530$945$569$336$66
40 years$2,310$1,456$886$525$304$57
41 years$2,229$1,386$831$484$276$49
42 years$2,152$1,320$779$447$251$43
43 years$2,078$1,257$731$412$227$37
44 years$2,008$1,198$686$381$206$32
45 years$1,941$1,143$644$352$187$27
46 years$1,878$1,090$605$325$170$24
47 years$1,817$1,040$569$300$155$20
48 years$1,759$993$534$277$140$18
49 years$1,703$948$502$256$127$15
50 years$1,650$906$472$237$116$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,690,000, adding $6,312 every year, while hoping to spend $53,506 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: 57/24/19 Blend
62$1,690,000$1,690,000$1,690,000$1,690,000
63$1,868,891$1,779,321$1,753,126$1,965,643
64$2,002,588$1,809,578$1,754,926$2,062,432
65$2,148,128$1,839,524$1,754,992$2,161,541
66$2,306,664$1,869,087$1,753,212$2,268,359
67$2,479,463$1,898,191$1,749,463$2,383,637
68$2,667,919$1,926,754$1,743,621$2,508,208
69$2,873,567$1,954,685$1,735,553$2,642,986
70$3,098,098$1,981,891$1,725,120$2,788,983
71$3,343,370$2,008,270$1,712,178$2,947,313
72$3,611,432$2,033,714$1,696,574$3,119,205
73$3,904,538$2,058,106$1,678,150$3,306,015
74$4,225,171$2,081,322$1,656,737$3,509,238
75$4,576,062$2,103,231$1,632,162$3,730,524
76$4,960,222$2,123,691$1,604,241$3,971,690
77$5,380,964$2,142,552$1,572,782$4,234,745
78$5,841,939$2,159,653$1,537,587$4,521,900
79$6,347,164$2,174,823$1,498,443$4,835,597
80$6,901,067$2,187,881$1,455,133$5,178,526
81$7,508,522$2,198,634$1,407,427$5,553,657
82$8,174,900$2,206,875$1,355,084$5,964,263
83$8,906,114$2,212,387$1,297,853$6,413,956
84$9,708,679$2,214,935$1,235,473$6,906,718
85$10,589,771$2,214,274$1,167,668$7,446,941
86$11,557,295$2,210,141$1,094,153$8,039,468
87$12,619,959$2,202,257$1,014,626$8,689,639
88$13,787,354$2,190,327$928,776$9,403,344
89$15,070,049$2,174,038$836,275$10,187,079
90$16,479,685$2,153,057$736,781$11,048,006
91$18,029,087$2,127,031$629,937$11,994,021
92$19,732,386$2,095,587$515,372$13,033,834
93$21,605,147$2,058,329$392,695$14,177,046
94$23,664,522$2,014,837$261,499$15,434,246
95$25,929,405$1,964,666$121,362$16,817,108
96$28,420,617$1,907,347$0$18,338,504
97$31,161,094$1,842,381$0$20,018,341
98$34,176,110$1,769,242$0$21,893,180
99$37,493,509$1,687,371$0$23,955,741
100$41,143,974$1,596,179$0$26,225,147