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%11.5%
1 years$122,217$121,128$120,066$119,030$118,017$117,274
2 years$60,503$59,377$58,285$57,226$56,199$55,448
3 years$39,935$38,803$37,714$36,665$35,655$34,921
4 years$29,653$28,525$27,446$26,415$25,429$24,718
5 years$23,485$22,364$21,299$20,289$19,331$18,644
6 years$19,375$18,262$17,213$16,226$15,296$14,635
7 years$16,440$15,336$14,304$13,340$12,440$11,804
8 years$14,239$13,146$12,131$11,191$10,320$9,710
9 years$12,529$11,446$10,448$9,532$8,691$8,107
10 years$11,162$10,089$9,109$8,217$7,405$6,846
11 years$10,044$8,982$8,020$7,151$6,369$5,835
12 years$9,112$8,061$7,117$6,272$5,519$5,009
13 years$8,325$7,285$6,359$5,537$4,813$4,327
14 years$7,651$6,622$5,713$4,916$4,219$3,756
15 years$7,067$6,049$5,158$4,384$3,714$3,275
16 years$6,557$5,550$4,677$3,925$3,283$2,865
17 years$6,107$5,111$4,256$3,527$2,911$2,515
18 years$5,708$4,723$3,885$3,178$2,588$2,213
19 years$5,351$4,377$3,556$2,872$2,307$1,951
20 years$5,030$4,068$3,264$2,601$2,061$1,724
21 years$4,740$3,789$3,002$2,361$1,844$1,526
22 years$4,477$3,537$2,767$2,146$1,653$1,353
23 years$4,237$3,308$2,555$1,955$1,484$1,201
24 years$4,017$3,099$2,363$1,783$1,334$1,068
25 years$3,816$2,909$2,188$1,628$1,200$950
26 years$3,630$2,734$2,030$1,489$1,081$846
27 years$3,458$2,573$1,885$1,363$975$754
28 years$3,299$2,424$1,752$1,248$879$672
29 years$3,151$2,287$1,630$1,145$794$600
30 years$3,013$2,160$1,519$1,051$717$535
31 years$2,884$2,042$1,416$965$649$478
32 years$2,763$1,932$1,321$887$587$427
33 years$2,650$1,829$1,233$816$531$382
34 years$2,544$1,734$1,152$750$481$342
35 years$2,445$1,645$1,077$691$435$305
36 years$2,351$1,561$1,008$636$395$273
37 years$2,262$1,483$943$586$358$245
38 years$2,178$1,409$883$540$324$219
39 years$2,099$1,340$828$498$294$196
40 years$2,023$1,275$776$459$267$176
41 years$1,952$1,213$727$424$242$157
42 years$1,884$1,156$682$391$220$141
43 years$1,820$1,101$640$361$199$126
44 years$1,758$1,050$601$333$181$113
45 years$1,700$1,001$564$308$164$101
46 years$1,644$955$530$284$149$91
47 years$1,591$911$498$263$135$81
48 years$1,540$870$468$243$123$73
49 years$1,492$831$440$224$112$65
50 years$1,445$793$414$207$101$59

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 $4,984 every year, while hoping to spend $33,037 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: 75/12/13 Blend
62$1,480,000$1,480,000$1,480,000$1,480,000
63$1,636,101$1,557,661$1,534,721$1,754,067
64$1,767,832$1,598,835$1,550,983$1,873,806
65$1,911,893$1,640,920$1,566,683$2,000,375
66$2,069,505$1,683,924$1,581,766$2,138,181
67$2,242,016$1,727,858$1,596,176$2,288,330
68$2,430,908$1,772,729$1,609,855$2,452,040
69$2,637,813$1,818,546$1,622,737$2,630,654
70$2,864,530$1,865,314$1,634,759$2,825,650
71$3,113,038$1,913,040$1,645,849$3,038,655
72$3,385,518$1,961,729$1,655,935$3,271,464
73$3,684,372$2,011,385$1,664,940$3,526,050
74$4,012,245$2,062,011$1,672,783$3,804,591
75$4,372,051$2,113,607$1,679,379$4,109,483
76$4,767,001$2,166,173$1,684,638$4,443,367
77$5,200,628$2,219,709$1,688,467$4,809,153
78$5,676,829$2,274,212$1,690,767$5,210,046
79$6,199,893$2,329,675$1,691,435$5,649,578
80$6,774,546$2,386,093$1,690,362$6,131,640
81$7,405,995$2,443,457$1,687,434$6,660,518
82$8,099,975$2,501,756$1,682,533$7,240,935
83$8,862,807$2,560,976$1,675,532$7,878,098
84$9,701,452$2,621,102$1,666,300$8,577,739
85$10,623,579$2,682,115$1,654,701$9,346,178
86$11,637,640$2,743,995$1,640,589$10,190,377
87$12,752,944$2,806,715$1,623,813$11,118,007
88$13,979,750$2,870,250$1,604,216$12,137,522
89$15,329,358$2,934,566$1,581,632$13,258,238
90$16,814,223$2,999,630$1,555,887$14,490,419
91$18,448,064$3,065,403$1,526,799$15,845,375
92$20,245,999$3,131,839$1,494,179$17,335,570
93$22,224,684$3,198,893$1,457,828$18,974,739
94$24,402,474$3,266,510$1,417,537$20,778,016
95$26,799,590$3,334,633$1,373,088$22,762,080
96$29,438,316$3,403,198$1,324,255$24,945,308
97$32,343,205$3,472,136$1,270,798$27,347,954
98$35,541,312$3,541,370$1,212,469$29,992,335
99$39,062,447$3,610,819$1,149,008$32,903,045
100$42,939,459$3,680,392$1,080,143$36,107,185