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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$122,217$121,128$120,066$119,030$118,017$113,966
2 years$60,503$59,377$58,285$57,226$56,199$52,158
3 years$39,935$38,803$37,714$36,665$35,655$31,752
4 years$29,653$28,525$27,446$26,415$25,429$21,694
5 years$23,485$22,364$21,299$20,289$19,331$15,774
6 years$19,375$18,262$17,213$16,226$15,296$11,919
7 years$16,440$15,336$14,304$13,340$12,440$9,243
8 years$14,239$13,146$12,131$11,191$10,320$7,300
9 years$12,529$11,446$10,448$9,532$8,691$5,844
10 years$11,162$10,089$9,109$8,217$7,405$4,727
11 years$10,044$8,982$8,020$7,151$6,369$3,854
12 years$9,112$8,061$7,117$6,272$5,519$3,162
13 years$8,325$7,285$6,359$5,537$4,813$2,608
14 years$7,651$6,622$5,713$4,916$4,219$2,159
15 years$7,067$6,049$5,158$4,384$3,714$1,793
16 years$6,557$5,550$4,677$3,925$3,283$1,493
17 years$6,107$5,111$4,256$3,527$2,911$1,246
18 years$5,708$4,723$3,885$3,178$2,588$1,042
19 years$5,351$4,377$3,556$2,872$2,307$873
20 years$5,030$4,068$3,264$2,601$2,061$732
21 years$4,740$3,789$3,002$2,361$1,844$614
22 years$4,477$3,537$2,767$2,146$1,653$516
23 years$4,237$3,308$2,555$1,955$1,484$434
24 years$4,017$3,099$2,363$1,783$1,334$365
25 years$3,816$2,909$2,188$1,628$1,200$307
26 years$3,630$2,734$2,030$1,489$1,081$259
27 years$3,458$2,573$1,885$1,363$975$218
28 years$3,299$2,424$1,752$1,248$879$183
29 years$3,151$2,287$1,630$1,145$794$155
30 years$3,013$2,160$1,519$1,051$717$130
31 years$2,884$2,042$1,416$965$649$110
32 years$2,763$1,932$1,321$887$587$93
33 years$2,650$1,829$1,233$816$531$78
34 years$2,544$1,734$1,152$750$481$66
35 years$2,445$1,645$1,077$691$435$56
36 years$2,351$1,561$1,008$636$395$47
37 years$2,262$1,483$943$586$358$40
38 years$2,178$1,409$883$540$324$33
39 years$2,099$1,340$828$498$294$28
40 years$2,023$1,275$776$459$267$24
41 years$1,952$1,213$727$424$242$20
42 years$1,884$1,156$682$391$220$17
43 years$1,820$1,101$640$361$199$14
44 years$1,758$1,050$601$333$181$12
45 years$1,700$1,001$564$308$164$10
46 years$1,644$955$530$284$149$9
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$6
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

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 $6,083 every year, while hoping to spend $50,807 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: 62/27/11 Blend
62$1,480,000$1,480,000$1,480,000$1,480,000
63$1,637,235$1,558,795$1,535,855$1,734,222
64$1,750,174$1,581,117$1,533,247$1,822,249
65$1,872,931$1,602,831$1,528,850$1,911,908
66$2,006,452$1,623,852$1,522,549$2,008,513
67$2,151,781$1,644,091$1,514,225$2,112,739
68$2,310,065$1,663,454$1,503,753$2,225,328
69$2,482,565$1,681,837$1,491,003$2,347,099
70$2,670,672$1,699,133$1,475,837$2,478,955
71$2,875,915$1,715,224$1,458,112$2,621,893
72$3,099,978$1,729,989$1,437,678$2,777,009
73$3,344,712$1,743,295$1,414,376$2,945,516
74$3,612,157$1,755,002$1,388,043$3,128,748
75$3,904,561$1,764,960$1,358,506$3,328,178
76$4,224,394$1,773,011$1,325,584$3,545,431
77$4,574,380$1,778,986$1,289,089$3,782,296
78$4,957,515$1,782,706$1,248,822$4,040,750
79$5,377,102$1,783,979$1,204,578$4,322,970
80$5,836,776$1,782,602$1,156,140$4,631,358
81$6,340,539$1,778,362$1,103,283$4,968,563
82$6,892,801$1,771,028$1,045,770$5,337,506
83$7,498,417$1,760,360$983,354$5,741,409
84$8,162,737$1,746,099$915,778$6,183,823
85$8,891,651$1,727,973$842,771$6,668,667
86$9,691,649$1,705,692$764,053$7,200,259
87$10,569,877$1,678,951$679,329$7,783,364
88$11,534,209$1,647,425$588,291$8,423,234
89$12,593,319$1,610,769$490,619$9,125,662
90$13,756,760$1,568,619$385,978$9,897,034
91$15,035,059$1,520,591$274,017$10,744,393
92$16,439,809$1,466,274$154,371$11,675,504
93$17,983,787$1,405,239$26,660$12,698,930
94$19,681,064$1,337,027$0$13,824,113
95$21,547,146$1,261,154$0$15,074,328
96$23,599,115$1,177,111$0$16,452,362
97$25,855,790$1,084,355$0$17,967,788
98$28,337,908$982,315$0$19,634,611
99$31,068,314$870,388$0$21,468,268
100$34,072,179$747,934$0$23,485,777