Can I retire at age 63 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$121,391$120,310$119,255$118,225$117,220$112,747
2 years$60,095$58,975$57,891$56,839$55,819$51,365
3 years$39,665$38,541$37,459$36,417$35,414$31,120
4 years$29,452$28,332$27,261$26,237$25,257$21,155
5 years$23,326$22,212$21,155$20,152$19,200$15,301
6 years$19,244$18,138$17,097$16,116$15,193$11,498
7 years$16,329$15,232$14,207$13,250$12,356$8,865
8 years$14,143$13,057$12,049$11,115$10,250$6,961
9 years$12,444$11,368$10,378$9,467$8,632$5,539
10 years$11,086$10,021$9,048$8,161$7,355$4,452
11 years$9,976$8,921$7,965$7,103$6,326$3,606
12 years$9,051$8,007$7,069$6,230$5,482$2,939
13 years$8,269$7,236$6,316$5,500$4,780$2,407
14 years$7,599$6,577$5,675$4,882$4,190$1,979
15 years$7,020$6,008$5,124$4,354$3,689$1,632
16 years$6,513$5,513$4,645$3,899$3,261$1,349
17 years$6,066$5,077$4,227$3,503$2,891$1,118
18 years$5,669$4,691$3,859$3,157$2,571$928
19 years$5,315$4,348$3,532$2,852$2,291$771
20 years$4,996$4,040$3,242$2,583$2,047$642
21 years$4,708$3,763$2,982$2,345$1,831$534
22 years$4,447$3,513$2,748$2,132$1,642$445
23 years$4,208$3,286$2,538$1,942$1,474$371
24 years$3,990$3,078$2,347$1,771$1,325$310
25 years$3,790$2,889$2,174$1,617$1,192$259
26 years$3,605$2,715$2,016$1,479$1,074$216
27 years$3,435$2,555$1,872$1,353$968$181
28 years$3,276$2,408$1,740$1,240$873$151
29 years$3,129$2,271$1,619$1,137$789$126
30 years$2,992$2,145$1,508$1,044$713$105
31 years$2,864$2,028$1,406$958$644$88
32 years$2,745$1,919$1,312$881$583$74
33 years$2,633$1,817$1,225$810$527$62
34 years$2,527$1,722$1,145$745$478$52
35 years$2,428$1,633$1,070$686$433$43
36 years$2,335$1,550$1,001$632$392$36
37 years$2,247$1,473$937$582$355$30
38 years$2,163$1,399$877$537$322$25
39 years$2,084$1,331$822$495$292$21
40 years$2,010$1,266$771$456$265$18
41 years$1,939$1,205$723$421$240$15
42 years$1,872$1,148$678$389$218$12
43 years$1,808$1,094$636$359$198$10
44 years$1,747$1,042$597$331$180$9
45 years$1,689$994$561$306$163$7
46 years$1,633$948$526$283$148$6
47 years$1,580$905$495$261$134$5
48 years$1,530$864$465$241$122$4
49 years$1,481$825$437$223$111$4
50 years$1,435$788$411$206$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,470,000, adding $6,028 every year, while hoping to spend $40,081 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: 72/23/5 Blend
62$1,470,000$1,470,000$1,470,000$1,470,000
63$1,626,158$1,548,248$1,525,463$1,742,096
64$1,749,380$1,581,466$1,533,920$1,852,538
65$1,883,828$1,614,969$1,541,317$1,967,795
66$2,030,603$1,648,727$1,547,576$2,092,841
67$2,190,921$1,682,711$1,552,616$2,228,626
68$2,366,116$1,716,885$1,556,350$2,376,199
69$2,557,660$1,751,213$1,558,689$2,536,712
70$2,767,174$1,785,655$1,559,537$2,711,438
71$2,996,440$1,820,166$1,558,795$2,901,774
72$3,247,421$1,854,699$1,556,360$3,109,263
73$3,522,281$1,889,202$1,552,121$3,335,603
74$3,823,402$1,923,620$1,545,964$3,582,663
75$4,153,404$1,957,893$1,537,770$3,852,504
76$4,515,177$1,991,956$1,527,411$4,147,396
77$4,911,902$2,025,739$1,514,756$4,469,838
78$5,347,083$2,059,167$1,499,667$4,822,587
79$5,824,578$2,092,159$1,481,999$5,208,677
80$6,348,639$2,124,629$1,461,600$5,631,453
81$6,923,948$2,156,483$1,438,311$6,094,598
82$7,555,662$2,187,622$1,411,965$6,602,173
83$8,249,463$2,217,939$1,382,390$7,158,652
84$9,011,610$2,247,320$1,349,402$7,768,963
85$9,848,999$2,275,643$1,312,811$8,438,539
86$10,769,224$2,302,777$1,272,418$9,173,365
87$11,780,655$2,328,583$1,228,014$9,980,036
88$12,892,510$2,352,912$1,179,381$10,865,820
89$14,114,947$2,375,605$1,126,291$11,838,726
90$15,459,155$2,396,494$1,068,505$12,907,581
91$16,937,464$2,415,397$1,005,775$14,082,109
92$18,563,457$2,432,123$937,840$15,373,030
93$20,352,100$2,446,467$864,428$16,792,154
94$22,319,882$2,458,212$785,255$18,352,499
95$24,484,972$2,467,127$700,023$20,068,409
96$26,867,388$2,472,964$608,422$21,955,691
97$29,489,186$2,475,464$510,128$24,031,767
98$32,374,669$2,474,348$404,804$26,315,836
99$35,550,615$2,469,321$292,094$28,829,055
100$39,046,530$2,460,070$171,632$31,594,740