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%13.6%
1 years$121,391$120,310$119,255$118,225$117,220$115,468
2 years$60,095$58,975$57,891$56,839$55,819$54,058
3 years$39,665$38,541$37,459$36,417$35,414$33,699
4 years$29,452$28,332$27,261$26,237$25,257$23,601
5 years$23,326$22,212$21,155$20,152$19,200$17,608
6 years$19,244$18,138$17,097$16,116$15,193$13,665
7 years$16,329$15,232$14,207$13,250$12,356$10,894
8 years$14,143$13,057$12,049$11,115$10,250$8,855
9 years$12,444$11,368$10,378$9,467$8,632$7,302
10 years$11,086$10,021$9,048$8,161$7,355$6,089
11 years$9,976$8,921$7,965$7,103$6,326$5,122
12 years$9,051$8,007$7,069$6,230$5,482$4,339
13 years$8,269$7,236$6,316$5,500$4,780$3,698
14 years$7,599$6,577$5,675$4,882$4,190$3,166
15 years$7,020$6,008$5,124$4,354$3,689$2,721
16 years$6,513$5,513$4,645$3,899$3,261$2,347
17 years$6,066$5,077$4,227$3,503$2,891$2,029
18 years$5,669$4,691$3,859$3,157$2,571$1,759
19 years$5,315$4,348$3,532$2,852$2,291$1,528
20 years$4,996$4,040$3,242$2,583$2,047$1,330
21 years$4,708$3,763$2,982$2,345$1,831$1,159
22 years$4,447$3,513$2,748$2,132$1,642$1,011
23 years$4,208$3,286$2,538$1,942$1,474$883
24 years$3,990$3,078$2,347$1,771$1,325$772
25 years$3,790$2,889$2,174$1,617$1,192$676
26 years$3,605$2,715$2,016$1,479$1,074$592
27 years$3,435$2,555$1,872$1,353$968$519
28 years$3,276$2,408$1,740$1,240$873$455
29 years$3,129$2,271$1,619$1,137$789$399
30 years$2,992$2,145$1,508$1,044$713$350
31 years$2,864$2,028$1,406$958$644$307
32 years$2,745$1,919$1,312$881$583$270
33 years$2,633$1,817$1,225$810$527$237
34 years$2,527$1,722$1,145$745$478$208
35 years$2,428$1,633$1,070$686$433$183
36 years$2,335$1,550$1,001$632$392$161
37 years$2,247$1,473$937$582$355$142
38 years$2,163$1,399$877$537$322$124
39 years$2,084$1,331$822$495$292$109
40 years$2,010$1,266$771$456$265$96
41 years$1,939$1,205$723$421$240$85
42 years$1,872$1,148$678$389$218$75
43 years$1,808$1,094$636$359$198$66
44 years$1,747$1,042$597$331$180$58
45 years$1,689$994$561$306$163$51
46 years$1,633$948$526$283$148$45
47 years$1,580$905$495$261$134$39
48 years$1,530$864$465$241$122$35
49 years$1,481$825$437$223$111$30
50 years$1,435$788$411$206$101$27

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 $5,035 every year, while hoping to spend $39,831 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: 39/33/28 Blend
62$1,470,000$1,470,000$1,470,000$1,470,000
63$1,625,134$1,547,224$1,524,439$1,674,855
64$1,748,517$1,580,658$1,533,127$1,745,079
65$1,883,151$1,614,395$1,540,772$1,816,920
66$2,030,141$1,648,409$1,547,296$1,893,846
67$2,190,703$1,682,668$1,552,619$1,976,345
68$2,366,177$1,717,142$1,556,654$2,064,957
69$2,558,039$1,751,793$1,559,313$2,160,279
70$2,767,911$1,786,583$1,560,503$2,262,967
71$2,997,582$1,821,470$1,560,124$2,373,748
72$3,249,022$1,856,408$1,558,074$2,493,421
73$3,524,397$1,891,347$1,554,244$2,622,870
74$3,826,095$1,926,233$1,548,521$2,763,070
75$4,156,747$1,961,008$1,540,787$2,915,096
76$4,519,247$1,995,610$1,530,915$3,080,135
77$4,916,785$2,029,970$1,518,776$3,259,497
78$5,352,874$2,064,015$1,504,232$3,454,627
79$5,831,384$2,097,668$1,487,140$3,667,119
80$6,356,576$2,130,845$1,467,350$3,898,733
81$6,933,145$2,163,454$1,444,704$4,151,409
82$7,566,262$2,195,400$1,419,038$4,427,289
83$8,261,624$2,226,578$1,390,179$4,728,736
84$9,025,506$2,256,877$1,357,947$5,058,356
85$9,864,822$2,286,178$1,322,152$5,419,024
86$10,787,188$2,314,355$1,282,598$5,813,914
87$11,800,993$2,341,271$1,239,078$6,246,523
88$12,915,483$2,366,781$1,191,376$6,720,714
89$14,140,841$2,390,732$1,139,265$7,240,742
90$15,488,286$2,412,957$1,082,510$7,811,307
91$16,970,181$2,433,282$1,020,863$8,437,587
92$18,600,145$2,451,518$954,068$9,125,298
93$20,393,183$2,467,467$881,853$9,880,742
94$22,365,831$2,480,915$803,938$10,710,869
95$24,536,303$2,491,637$720,027$11,623,345
96$26,924,672$2,499,394$629,814$12,626,626
97$29,553,053$2,503,928$532,978$13,730,034
98$32,445,814$2,504,971$429,182$14,943,852
99$35,629,805$2,502,232$318,077$16,279,418
100$39,134,610$2,495,406$199,298$17,749,236