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%17.1%
1 years$119,740$118,673$117,632$116,617$115,625$112,284
2 years$59,277$58,173$57,103$56,066$55,060$51,720
3 years$39,125$38,017$36,950$35,922$34,932$31,699
4 years$29,052$27,946$26,890$25,880$24,914$21,811
5 years$23,009$21,910$20,868$19,878$18,939$15,976
6 years$18,982$17,891$16,864$15,897$14,986$12,165
7 years$16,106$15,025$14,014$13,070$12,188$9,509
8 years$13,951$12,879$11,885$10,964$10,111$7,573
9 years$12,275$11,214$10,237$9,339$8,515$6,115
10 years$10,935$9,884$8,925$8,050$7,255$4,990
11 years$9,840$8,799$7,857$7,006$6,239$4,105
12 years$8,928$7,898$6,973$6,145$5,407$3,400
13 years$8,156$7,137$6,230$5,425$4,715$2,830
14 years$7,496$6,488$5,598$4,816$4,133$2,366
15 years$6,924$5,927$5,054$4,295$3,639$1,985
16 years$6,424$5,438$4,582$3,846$3,216$1,670
17 years$5,983$5,008$4,169$3,455$2,852$1,408
18 years$5,592$4,627$3,806$3,114$2,536$1,190
19 years$5,242$4,289$3,484$2,814$2,260$1,007
20 years$4,928$3,985$3,198$2,548$2,019$853
21 years$4,644$3,712$2,941$2,313$1,807$724
22 years$4,386$3,465$2,711$2,103$1,619$615
23 years$4,151$3,241$2,503$1,915$1,454$523
24 years$3,936$3,036$2,315$1,747$1,307$445
25 years$3,738$2,850$2,144$1,595$1,176$378
26 years$3,556$2,678$1,989$1,459$1,059$322
27 years$3,388$2,520$1,846$1,335$955$274
28 years$3,232$2,375$1,717$1,223$862$234
29 years$3,087$2,241$1,597$1,122$778$199
30 years$2,952$2,116$1,488$1,029$703$170
31 years$2,825$2,000$1,387$945$635$145
32 years$2,707$1,893$1,294$869$575$124
33 years$2,597$1,792$1,208$799$520$106
34 years$2,493$1,699$1,129$735$471$90
35 years$2,395$1,611$1,056$677$427$77
36 years$2,303$1,529$988$623$387$66
37 years$2,216$1,453$924$574$350$56
38 years$2,134$1,380$866$529$318$48
39 years$2,056$1,313$811$488$288$41
40 years$1,982$1,249$760$450$261$35
41 years$1,912$1,189$713$415$237$30
42 years$1,846$1,132$669$383$215$25
43 years$1,783$1,079$627$354$195$22
44 years$1,723$1,028$589$327$177$19
45 years$1,666$981$553$302$161$16
46 years$1,611$935$519$279$146$13
47 years$1,559$893$488$257$133$12
48 years$1,509$852$458$238$120$10
49 years$1,461$814$431$220$109$8
50 years$1,416$777$405$203$99$7

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 $6,490 every year, while hoping to spend $56,829 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: 32/41/27 Blend
62$1,450,000$1,450,000$1,450,000$1,450,000
63$1,604,594$1,527,744$1,505,269$1,642,536
64$1,707,797$1,542,138$1,495,230$1,686,468
65$1,819,623$1,555,333$1,482,950$1,728,268
66$1,940,889$1,567,209$1,468,294$1,772,171
67$2,072,498$1,577,641$1,451,121$1,818,401
68$2,215,441$1,586,493$1,431,281$1,867,209
69$2,370,808$1,593,623$1,408,621$1,918,874
70$2,539,798$1,598,879$1,382,978$1,973,708
71$2,723,731$1,602,097$1,354,181$2,032,061
72$2,924,059$1,603,107$1,322,053$2,094,320
73$3,142,379$1,601,725$1,286,408$2,160,918
74$3,380,449$1,597,758$1,247,050$2,232,338
75$3,640,206$1,590,999$1,203,777$2,309,117
76$3,923,779$1,581,230$1,156,376$2,391,853
77$4,233,513$1,568,218$1,104,623$2,481,210
78$4,571,989$1,551,719$1,048,285$2,577,930
79$4,942,049$1,531,471$987,121$2,682,833
80$5,346,823$1,507,197$920,874$2,796,835
81$5,789,755$1,478,606$849,279$2,920,949
82$6,274,640$1,445,387$772,059$3,056,303
83$6,805,653$1,407,212$688,924$3,204,148
84$7,387,397$1,363,733$599,570$3,365,872
85$8,024,937$1,314,581$503,681$3,543,016
86$8,723,853$1,259,368$400,927$3,737,288
87$9,490,290$1,197,681$290,962$3,950,581
88$10,331,017$1,129,084$173,426$4,184,994
89$11,253,489$1,053,117$47,944$4,442,855
90$12,265,916$969,292$0$4,726,738
91$13,377,346$877,093$0$5,064,265
92$14,597,741$775,976$0$5,450,180
93$15,938,077$665,366$0$5,874,277
94$17,410,446$544,654$0$6,340,559
95$19,028,166$413,197$0$6,853,444
96$20,805,913$270,317$0$7,417,816
97$22,759,852$115,298$0$8,039,064
98$24,907,791$0$0$8,723,143
99$27,269,354$0$0$9,500,366
100$29,866,156$0$0$10,412,452