Can I retire at age 63 with 1,480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$122,217$121,128$120,066$119,030$118,017$115,164
2 years$60,503$59,377$58,285$57,226$56,199$53,341
3 years$39,935$38,803$37,714$36,665$35,655$32,883
4 years$29,653$28,525$27,446$26,415$25,429$22,764
5 years$23,485$22,364$21,299$20,289$19,331$16,779
6 years$19,375$18,262$17,213$16,226$15,296$12,861
7 years$16,440$15,336$14,304$13,340$12,440$10,121
8 years$14,239$13,146$12,131$11,191$10,320$8,117
9 years$12,529$11,446$10,448$9,532$8,691$6,602
10 years$11,162$10,089$9,109$8,217$7,405$5,428
11 years$10,044$8,982$8,020$7,151$6,369$4,500
12 years$9,112$8,061$7,117$6,272$5,519$3,756
13 years$8,325$7,285$6,359$5,537$4,813$3,152
14 years$7,651$6,622$5,713$4,916$4,219$2,657
15 years$7,067$6,049$5,158$4,384$3,714$2,248
16 years$6,557$5,550$4,677$3,925$3,283$1,907
17 years$6,107$5,111$4,256$3,527$2,911$1,622
18 years$5,708$4,723$3,885$3,178$2,588$1,383
19 years$5,351$4,377$3,556$2,872$2,307$1,181
20 years$5,030$4,068$3,264$2,601$2,061$1,010
21 years$4,740$3,789$3,002$2,361$1,844$865
22 years$4,477$3,537$2,767$2,146$1,653$742
23 years$4,237$3,308$2,555$1,955$1,484$636
24 years$4,017$3,099$2,363$1,783$1,334$546
25 years$3,816$2,909$2,188$1,628$1,200$469
26 years$3,630$2,734$2,030$1,489$1,081$404
27 years$3,458$2,573$1,885$1,363$975$347
28 years$3,299$2,424$1,752$1,248$879$299
29 years$3,151$2,287$1,630$1,145$794$257
30 years$3,013$2,160$1,519$1,051$717$222
31 years$2,884$2,042$1,416$965$649$191
32 years$2,763$1,932$1,321$887$587$164
33 years$2,650$1,829$1,233$816$531$142
34 years$2,544$1,734$1,152$750$481$122
35 years$2,445$1,645$1,077$691$435$105
36 years$2,351$1,561$1,008$636$395$91
37 years$2,262$1,483$943$586$358$78
38 years$2,178$1,409$883$540$324$67
39 years$2,099$1,340$828$498$294$58
40 years$2,023$1,275$776$459$267$50
41 years$1,952$1,213$727$424$242$43
42 years$1,884$1,156$682$391$220$37
43 years$1,820$1,101$640$361$199$32
44 years$1,758$1,050$601$333$181$28
45 years$1,700$1,001$564$308$164$24
46 years$1,644$955$530$284$149$21
47 years$1,591$911$498$263$135$18
48 years$1,540$870$468$243$123$15
49 years$1,492$831$440$224$112$13
50 years$1,445$793$414$207$101$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,480,000, adding $2,233 every year, while hoping to spend $24,584 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: 35/43/22 Blend
62$1,480,000$1,480,000$1,480,000$1,480,000
63$1,633,263$1,554,823$1,531,883$1,679,440
64$1,773,699$1,604,852$1,557,044$1,763,719
65$1,927,635$1,656,509$1,582,224$1,852,171
66$2,096,423$1,709,847$1,607,398$1,947,110
67$2,281,550$1,764,922$1,632,538$2,049,129
68$2,484,656$1,821,791$1,657,616$2,158,879
69$2,707,547$1,880,514$1,682,601$2,277,076
70$2,952,209$1,941,152$1,707,461$2,404,509
71$3,220,835$2,003,769$1,732,162$2,542,042
72$3,515,837$2,068,431$1,756,666$2,690,629
73$3,839,874$2,135,205$1,780,935$2,851,315
74$4,195,872$2,204,161$1,804,928$3,025,253
75$4,587,060$2,275,373$1,828,601$3,213,710
76$5,016,989$2,348,916$1,851,909$3,418,081
77$5,489,575$2,424,866$1,874,801$3,639,898
78$6,009,132$2,503,305$1,897,228$3,880,851
79$6,580,413$2,584,316$1,919,133$4,142,797
80$7,208,651$2,667,984$1,940,461$4,427,783
81$7,899,617$2,754,398$1,961,149$4,738,058
82$8,659,665$2,843,651$1,981,135$5,076,101
83$9,495,798$2,935,837$2,000,351$5,444,642
84$10,415,732$3,031,055$2,018,724$5,846,683
85$11,427,966$3,129,407$2,036,182$6,285,533
86$12,541,868$3,230,998$2,052,643$6,764,833
87$13,767,758$3,335,936$2,068,026$7,288,596
88$15,117,008$3,444,335$2,082,243$7,861,237
89$16,602,146$3,556,311$2,095,202$8,487,622
90$18,236,979$3,671,984$2,106,805$9,173,107
91$20,036,720$3,791,480$2,116,952$9,923,593
92$22,018,131$3,914,928$2,125,535$10,745,581
93$24,199,682$4,042,461$2,132,443$11,646,228
94$26,601,726$4,174,219$2,137,556$12,633,420
95$29,246,689$4,310,342$2,140,751$13,715,845
96$32,159,284$4,450,981$2,141,899$14,903,070
97$35,366,740$4,596,289$2,140,861$16,205,636
98$38,899,064$4,746,423$2,137,497$17,635,157
99$42,789,320$4,901,549$2,131,654$19,204,424
100$47,073,942$5,061,837$2,123,176$20,927,533