Can I retire at age 63 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$145,339$144,045$142,781$141,549$140,345$138,191
2 years$71,950$70,610$69,311$68,052$66,831$64,666
3 years$47,490$46,144$44,849$43,602$42,400$40,292
4 years$35,263$33,921$32,639$31,413$30,240$28,204
5 years$27,928$26,595$25,329$24,128$22,988$21,031
6 years$23,040$21,716$20,470$19,295$18,190$16,313
7 years$19,550$18,237$17,010$15,864$14,793$12,998
8 years$16,933$15,633$14,426$13,308$12,272$10,558
9 years$14,900$13,611$12,425$11,335$10,335$8,701
10 years$13,273$11,998$10,833$9,771$8,806$7,251
11 years$11,944$10,681$9,537$8,504$7,573$6,096
12 years$10,836$9,586$8,464$7,459$6,563$5,162
13 years$9,900$8,663$7,562$6,585$5,723$4,395
14 years$9,099$7,875$6,794$5,846$5,017$3,760
15 years$8,404$7,194$6,134$5,213$4,417$3,230
16 years$7,797$6,600$5,562$4,668$3,904$2,784
17 years$7,263$6,078$5,061$4,194$3,461$2,406
18 years$6,788$5,617$4,620$3,780$3,078$2,084
19 years$6,363$5,206$4,229$3,415$2,743$1,809
20 years$5,982$4,837$3,881$3,093$2,450$1,573
21 years$5,637$4,506$3,570$2,807$2,193$1,369
22 years$5,324$4,206$3,290$2,552$1,966$1,194
23 years$5,039$3,934$3,038$2,325$1,764$1,042
24 years$4,777$3,686$2,810$2,120$1,586$911
25 years$4,538$3,459$2,602$1,936$1,427$796
26 years$4,316$3,251$2,414$1,770$1,285$697
27 years$4,112$3,059$2,241$1,620$1,159$610
28 years$3,923$2,883$2,084$1,485$1,046$535
29 years$3,747$2,720$1,939$1,361$944$469
30 years$3,583$2,568$1,806$1,250$853$411
31 years$3,429$2,428$1,684$1,148$771$360
32 years$3,286$2,297$1,571$1,055$698$316
33 years$3,152$2,176$1,467$970$631$278
34 years$3,026$2,062$1,370$892$572$244
35 years$2,907$1,956$1,281$821$518$214
36 years$2,795$1,856$1,199$757$469$188
37 years$2,690$1,763$1,122$697$425$165
38 years$2,590$1,676$1,051$642$386$145
39 years$2,496$1,593$984$592$350$127
40 years$2,406$1,516$923$546$317$112
41 years$2,321$1,443$865$504$288$98
42 years$2,241$1,374$811$465$261$87
43 years$2,164$1,309$761$429$237$76
44 years$2,091$1,248$715$397$215$67
45 years$2,022$1,190$671$366$195$59
46 years$1,955$1,135$630$338$177$52
47 years$1,892$1,083$592$313$161$45
48 years$1,832$1,034$557$289$146$40
49 years$1,774$988$523$267$133$35
50 years$1,718$944$492$247$121$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,760,000, adding $6,828 every year, while hoping to spend $23,811 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: 35/42/23 Blend
62$1,760,000$1,760,000$1,760,000$1,760,000
63$1,946,563$1,853,283$1,826,003$2,000,908
64$2,119,778$1,918,759$1,861,839$2,107,155
65$2,309,862$1,986,646$1,898,078$2,219,045
66$2,518,512$2,057,035$1,934,708$2,339,293
67$2,747,596$2,130,025$1,971,716$2,468,660
68$2,999,169$2,205,715$2,009,087$2,607,979
69$3,275,500$2,284,211$2,046,807$2,758,167
70$3,579,085$2,365,621$2,084,859$2,920,232
71$3,912,674$2,450,059$2,123,224$3,095,281
72$4,279,298$2,537,643$2,161,883$3,284,528
73$4,682,294$2,628,495$2,200,814$3,489,311
74$5,125,342$2,722,745$2,239,995$3,711,100
75$5,612,491$2,820,524$2,279,400$3,951,509
76$6,148,208$2,921,972$2,319,002$4,212,317
77$6,737,410$3,027,234$2,358,773$4,495,476
78$7,385,516$3,136,458$2,398,682$4,803,135
79$8,098,497$3,249,803$2,438,696$5,137,660
80$8,882,931$3,367,431$2,478,780$5,501,650
81$9,746,066$3,489,512$2,518,896$5,897,968
82$10,695,890$3,616,222$2,559,004$6,329,761
83$11,741,201$3,747,747$2,599,060$6,800,495
84$12,891,694$3,884,278$2,639,020$7,313,984
85$14,158,055$4,026,015$2,678,835$7,874,425
86$15,552,053$4,173,167$2,718,452$8,486,437
87$17,086,660$4,325,950$2,757,818$9,155,107
88$18,776,169$4,484,591$2,796,875$9,886,033
89$20,636,327$4,649,325$2,835,559$10,685,377
90$22,684,489$4,820,398$2,873,807$11,559,928
91$24,939,776$4,998,067$2,911,549$12,517,155
92$27,423,259$5,182,597$2,948,711$13,565,286
93$30,158,155$5,374,268$2,985,216$14,713,381
94$33,170,048$5,573,369$3,020,983$15,971,416
95$36,487,132$5,780,203$3,055,924$17,350,377
96$40,140,470$5,995,084$3,089,949$18,862,363
97$44,164,296$6,218,341$3,122,960$20,520,700
98$48,596,332$6,450,317$3,154,856$22,340,064
99$53,478,144$6,691,369$3,185,531$24,336,620
100$58,855,538$6,941,870$3,214,869$26,528,172