Can I retire at age 63 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$120,565$119,492$118,444$117,421$116,422$114,920
2 years$59,686$58,574$57,497$56,452$55,439$53,928
3 years$39,395$38,279$37,204$36,170$35,173$33,699
4 years$29,252$28,139$27,075$26,058$25,086$23,661
5 years$23,168$22,061$21,011$20,015$19,070$17,699
6 years$19,113$18,015$16,980$16,006$15,089$13,773
7 years$16,217$15,129$14,111$13,160$12,272$11,011
8 years$14,047$12,968$11,967$11,039$10,180$8,975
9 years$12,360$11,291$10,307$9,403$8,573$7,423
10 years$11,011$9,953$8,986$8,106$7,305$6,209
11 years$9,908$8,860$7,911$7,054$6,283$5,239
12 years$8,989$7,952$7,021$6,188$5,444$4,453
13 years$8,213$7,187$6,273$5,463$4,748$3,807
14 years$7,548$6,532$5,636$4,849$4,162$3,270
15 years$6,972$5,968$5,089$4,325$3,664$2,820
16 years$6,468$5,475$4,614$3,872$3,238$2,441
17 years$6,025$5,042$4,198$3,479$2,871$2,118
18 years$5,631$4,659$3,832$3,135$2,553$1,843
19 years$5,279$4,318$3,508$2,833$2,276$1,607
20 years$4,962$4,013$3,220$2,566$2,033$1,403
21 years$4,676$3,738$2,962$2,329$1,819$1,227
22 years$4,416$3,489$2,730$2,117$1,631$1,075
23 years$4,180$3,263$2,520$1,928$1,464$943
24 years$3,963$3,057$2,331$1,759$1,316$828
25 years$3,764$2,869$2,159$1,606$1,184$727
26 years$3,581$2,697$2,002$1,469$1,066$639
27 years$3,411$2,538$1,859$1,344$961$562
28 years$3,254$2,391$1,728$1,232$867$495
29 years$3,108$2,256$1,608$1,129$783$436
30 years$2,972$2,131$1,498$1,037$708$384
31 years$2,845$2,014$1,397$952$640$339
32 years$2,726$1,906$1,303$875$579$299
33 years$2,615$1,805$1,217$805$524$264
34 years$2,510$1,710$1,137$740$474$233
35 years$2,412$1,622$1,063$681$430$205
36 years$2,319$1,540$994$628$389$181
37 years$2,231$1,463$931$578$353$160
38 years$2,149$1,390$872$533$320$141
39 years$2,070$1,322$817$491$290$125
40 years$1,996$1,257$765$453$263$110
41 years$1,926$1,197$718$418$239$97
42 years$1,859$1,140$673$386$217$86
43 years$1,795$1,086$632$356$197$76
44 years$1,735$1,035$593$329$178$67
45 years$1,677$987$557$304$162$59
46 years$1,622$942$523$281$147$52
47 years$1,570$899$491$259$134$46
48 years$1,519$858$462$240$121$41
49 years$1,471$819$434$221$110$36
50 years$1,425$783$408$205$100$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,460,000, adding $2,099 every year, while hoping to spend $33,926 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: 29/49/22 Blend
62$1,460,000$1,460,000$1,460,000$1,460,000
63$1,611,085$1,533,705$1,511,075$1,646,652
64$1,739,319$1,572,760$1,525,599$1,713,342
65$1,879,495$1,612,591$1,539,473$1,781,837
66$2,032,797$1,653,201$1,552,638$1,854,768
67$2,200,525$1,694,591$1,565,035$1,932,538
68$2,384,114$1,736,761$1,576,599$2,015,590
69$2,585,142$1,779,711$1,587,263$2,104,414
70$2,805,347$1,823,437$1,596,956$2,199,548
71$3,046,643$1,867,936$1,605,605$2,301,584
72$3,311,138$1,913,203$1,613,131$2,411,177
73$3,601,155$1,959,230$1,619,451$2,529,045
74$3,919,251$2,006,010$1,624,481$2,655,982
75$4,268,241$2,053,532$1,628,128$2,792,863
76$4,651,229$2,101,782$1,630,298$2,940,650
77$5,071,633$2,150,748$1,630,891$3,100,407
78$5,533,216$2,200,410$1,629,802$3,273,303
79$6,040,124$2,250,751$1,626,921$3,460,629
80$6,596,928$2,301,749$1,622,133$3,663,807
81$7,208,657$2,353,377$1,615,317$3,884,405
82$7,880,856$2,405,609$1,606,347$4,124,152
83$8,619,633$2,458,413$1,595,088$4,384,953
84$9,431,715$2,511,754$1,581,403$4,668,910
85$10,324,515$2,565,596$1,565,145$4,978,338
86$11,306,199$2,619,894$1,546,162$5,315,791
87$12,385,766$2,674,603$1,524,293$5,684,085
88$13,573,128$2,729,673$1,499,371$6,086,324
89$14,879,208$2,785,048$1,471,221$6,525,929
90$16,316,039$2,840,667$1,439,658$7,006,674
91$17,896,880$2,896,464$1,404,492$7,532,719
92$19,636,340$2,952,369$1,365,520$8,108,651
93$21,550,515$3,008,303$1,322,533$8,739,525
94$23,657,140$3,064,183$1,275,311$9,430,917
95$25,975,759$3,119,919$1,223,624$10,188,973
96$28,527,902$3,175,411$1,167,232$11,020,470
97$31,337,297$3,230,555$1,105,883$11,932,879
98$34,430,086$3,285,236$1,039,315$12,934,436
99$37,835,075$3,339,333$967,252$14,034,224
100$41,584,007$3,392,714$889,409$15,242,252