Can I retire at age 63 with 1,450,000?

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 $1,450,000?

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$119,740$118,673$117,632$116,617$115,625$113,944
2 years$59,277$58,173$57,103$56,066$55,060$53,370
3 years$39,125$38,017$36,950$35,922$34,932$33,286
4 years$29,052$27,946$26,890$25,880$24,914$23,324
5 years$23,009$21,910$20,868$19,878$18,939$17,410
6 years$18,982$17,891$16,864$15,897$14,986$13,519
7 years$16,106$15,025$14,014$13,070$12,188$10,784
8 years$13,951$12,879$11,885$10,964$10,111$8,770
9 years$12,275$11,214$10,237$9,339$8,515$7,236
10 years$10,935$9,884$8,925$8,050$7,255$6,038
11 years$9,840$8,799$7,857$7,006$6,239$5,082
12 years$8,928$7,898$6,973$6,145$5,407$4,308
13 years$8,156$7,137$6,230$5,425$4,715$3,674
14 years$7,496$6,488$5,598$4,816$4,133$3,147
15 years$6,924$5,927$5,054$4,295$3,639$2,707
16 years$6,424$5,438$4,582$3,846$3,216$2,336
17 years$5,983$5,008$4,169$3,455$2,852$2,022
18 years$5,592$4,627$3,806$3,114$2,536$1,754
19 years$5,242$4,289$3,484$2,814$2,260$1,525
20 years$4,928$3,985$3,198$2,548$2,019$1,328
21 years$4,644$3,712$2,941$2,313$1,807$1,158
22 years$4,386$3,465$2,711$2,103$1,619$1,011
23 years$4,151$3,241$2,503$1,915$1,454$884
24 years$3,936$3,036$2,315$1,747$1,307$773
25 years$3,738$2,850$2,144$1,595$1,176$677
26 years$3,556$2,678$1,989$1,459$1,059$594
27 years$3,388$2,520$1,846$1,335$955$521
28 years$3,232$2,375$1,717$1,223$862$457
29 years$3,087$2,241$1,597$1,122$778$401
30 years$2,952$2,116$1,488$1,029$703$352
31 years$2,825$2,000$1,387$945$635$310
32 years$2,707$1,893$1,294$869$575$272
33 years$2,597$1,792$1,208$799$520$239
34 years$2,493$1,699$1,129$735$471$210
35 years$2,395$1,611$1,056$677$427$185
36 years$2,303$1,529$988$623$387$163
37 years$2,216$1,453$924$574$350$143
38 years$2,134$1,380$866$529$318$126
39 years$2,056$1,313$811$488$288$111
40 years$1,982$1,249$760$450$261$98
41 years$1,912$1,189$713$415$237$86
42 years$1,846$1,132$669$383$215$76
43 years$1,783$1,079$627$354$195$67
44 years$1,723$1,028$589$327$177$59
45 years$1,666$981$553$302$161$52
46 years$1,611$935$519$279$146$46
47 years$1,559$893$488$257$133$40
48 years$1,509$852$458$238$120$35
49 years$1,461$814$431$220$109$31
50 years$1,416$777$405$203$99$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,450,000, adding $5,747 every year, while hoping to spend $58,766 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: 38/35/27 Blend
62$1,450,000$1,450,000$1,450,000$1,450,000
63$1,603,828$1,526,978$1,504,503$1,651,688
64$1,704,892$1,539,273$1,492,377$1,699,587
65$1,814,295$1,550,202$1,477,876$1,745,494
66$1,932,825$1,559,634$1,460,857$1,793,975
67$2,061,350$1,567,432$1,441,172$1,845,303
68$2,200,822$1,573,452$1,418,666$1,899,779
69$2,352,292$1,577,536$1,393,177$1,957,740
70$2,516,910$1,579,520$1,364,534$2,019,561
71$2,695,948$1,579,230$1,332,558$2,085,659
72$2,890,801$1,576,478$1,297,065$2,156,500
73$3,103,004$1,571,067$1,257,858$2,232,599
74$3,334,248$1,562,787$1,214,734$2,314,530
75$3,586,393$1,551,415$1,167,479$2,402,932
76$3,861,487$1,536,716$1,115,872$2,498,512
77$4,161,782$1,518,439$1,059,677$2,602,059
78$4,489,761$1,496,319$998,653$2,714,444
79$4,848,152$1,470,074$932,543$2,836,639
80$5,239,963$1,439,408$861,083$2,969,717
81$5,668,504$1,404,003$783,994$3,114,873
82$6,137,419$1,363,527$700,985$3,273,428
83$6,650,721$1,317,625$611,754$3,446,850
84$7,212,829$1,265,923$515,982$3,636,762
85$7,828,610$1,208,026$413,340$3,844,966
86$8,503,424$1,143,514$303,482$4,073,455
87$9,243,171$1,071,945$186,047$4,324,439
88$10,054,353$992,849$60,658$4,600,361
89$10,944,130$905,731$0$4,903,930
90$11,920,387$810,068$0$5,259,216
91$12,991,811$705,306$0$5,668,477
92$14,167,970$590,860$0$6,118,013
93$15,459,403$466,113$0$6,612,007
94$16,877,721$330,411$0$7,155,083
95$18,435,714$183,066$0$7,752,341
96$20,147,470$23,350$0$8,409,414
97$22,028,512$0$0$9,132,517
98$24,095,940$0$0$9,986,094
99$26,368,591$0$0$10,934,503
100$28,867,221$0$0$11,977,440