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%19.6%
1 years$119,740$118,673$117,632$116,617$115,625$111,169
2 years$59,277$58,173$57,103$56,066$55,060$50,623
3 years$39,125$38,017$36,950$35,922$34,932$30,655
4 years$29,052$27,946$26,890$25,880$24,914$20,829
5 years$23,009$21,910$20,868$19,878$18,939$15,057
6 years$18,982$17,891$16,864$15,897$14,986$11,309
7 years$16,106$15,025$14,014$13,070$12,188$8,714
8 years$13,951$12,879$11,885$10,964$10,111$6,838
9 years$12,275$11,214$10,237$9,339$8,515$5,438
10 years$10,935$9,884$8,925$8,050$7,255$4,368
11 years$9,840$8,799$7,857$7,006$6,239$3,536
12 years$8,928$7,898$6,973$6,145$5,407$2,880
13 years$8,156$7,137$6,230$5,425$4,715$2,357
14 years$7,496$6,488$5,598$4,816$4,133$1,936
15 years$6,924$5,927$5,054$4,295$3,639$1,596
16 years$6,424$5,438$4,582$3,846$3,216$1,318
17 years$5,983$5,008$4,169$3,455$2,852$1,092
18 years$5,592$4,627$3,806$3,114$2,536$905
19 years$5,242$4,289$3,484$2,814$2,260$752
20 years$4,928$3,985$3,198$2,548$2,019$625
21 years$4,644$3,712$2,941$2,313$1,807$520
22 years$4,386$3,465$2,711$2,103$1,619$433
23 years$4,151$3,241$2,503$1,915$1,454$361
24 years$3,936$3,036$2,315$1,747$1,307$301
25 years$3,738$2,850$2,144$1,595$1,176$251
26 years$3,556$2,678$1,989$1,459$1,059$210
27 years$3,388$2,520$1,846$1,335$955$175
28 years$3,232$2,375$1,717$1,223$862$146
29 years$3,087$2,241$1,597$1,122$778$122
30 years$2,952$2,116$1,488$1,029$703$102
31 years$2,825$2,000$1,387$945$635$85
32 years$2,707$1,893$1,294$869$575$71
33 years$2,597$1,792$1,208$799$520$59
34 years$2,493$1,699$1,129$735$471$50
35 years$2,395$1,611$1,056$677$427$42
36 years$2,303$1,529$988$623$387$35
37 years$2,216$1,453$924$574$350$29
38 years$2,134$1,380$866$529$318$24
39 years$2,056$1,313$811$488$288$20
40 years$1,982$1,249$760$450$261$17
41 years$1,912$1,189$713$415$237$14
42 years$1,846$1,132$669$383$215$12
43 years$1,783$1,079$627$354$195$10
44 years$1,723$1,028$589$327$177$8
45 years$1,666$981$553$302$161$7
46 years$1,611$935$519$279$146$6
47 years$1,559$893$488$257$133$5
48 years$1,509$852$458$238$120$4
49 years$1,461$814$431$220$109$3
50 years$1,416$777$405$203$99$3

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 $6,047 every year, while hoping to spend $50,328 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: 25/49/26 Blend
62$1,450,000$1,450,000$1,450,000$1,450,000
63$1,604,137$1,527,287$1,504,812$1,630,976
64$1,714,211$1,548,576$1,501,675$1,674,881
65$1,833,825$1,569,221$1,496,746$1,717,220
66$1,963,900$1,589,137$1,489,912$1,761,558
67$2,105,448$1,608,235$1,481,054$1,808,095
68$2,259,582$1,626,417$1,470,048$1,857,055
69$2,427,529$1,643,581$1,456,763$1,908,689
70$2,610,636$1,659,616$1,441,064$1,963,273
71$2,810,388$1,674,405$1,422,808$2,021,119
72$3,028,420$1,687,822$1,401,844$2,082,572
73$3,266,529$1,699,736$1,378,015$2,148,018
74$3,526,695$1,710,003$1,351,159$2,217,884
75$3,811,098$1,718,473$1,321,103$2,292,649
76$4,122,138$1,724,986$1,287,668$2,372,841
77$4,462,456$1,729,371$1,250,665$2,459,052
78$4,834,962$1,731,446$1,209,898$2,551,937
79$5,242,860$1,731,018$1,165,161$2,652,223
80$5,689,678$1,727,884$1,116,240$2,760,722
81$6,179,300$1,721,826$1,062,910$2,878,329
82$6,716,007$1,712,613$1,004,935$3,006,044
83$7,304,509$1,700,001$942,070$3,144,973
84$7,949,998$1,683,730$874,058$3,296,343
85$8,658,190$1,663,525$800,631$3,461,517
86$9,435,383$1,639,095$721,510$3,642,004
87$10,288,512$1,610,131$636,400$3,839,478
88$11,225,218$1,576,305$544,998$4,055,793
89$12,253,917$1,537,271$446,982$4,293,005
90$13,383,881$1,492,661$342,020$4,553,389
91$14,625,324$1,442,088$229,764$4,839,467
92$15,989,496$1,385,140$109,851$5,154,029
93$17,488,794$1,321,381$0$5,500,166
94$19,136,875$1,250,352$0$5,886,323
95$20,948,782$1,171,566$0$6,344,106
96$22,941,093$1,084,507$0$6,847,310
97$25,132,068$988,632$0$7,400,685
98$27,541,829$883,365$0$8,009,478
99$30,192,544$768,098$0$8,679,483
100$33,108,637$642,189$0$9,417,096