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%12.7%
1 years$122,217$121,128$120,066$119,030$118,017$116,688
2 years$60,503$59,377$58,285$57,226$56,199$54,860
3 years$39,935$38,803$37,714$36,665$35,655$34,349
4 years$29,653$28,525$27,446$26,415$25,429$24,166
5 years$23,485$22,364$21,299$20,289$19,331$18,114
6 years$19,375$18,262$17,213$16,226$15,296$14,127
7 years$16,440$15,336$14,304$13,340$12,440$11,319
8 years$14,239$13,146$12,131$11,191$10,320$9,248
9 years$12,529$11,446$10,448$9,532$8,691$7,666
10 years$11,162$10,089$9,109$8,217$7,405$6,428
11 years$10,044$8,982$8,020$7,151$6,369$5,438
12 years$9,112$8,061$7,117$6,272$5,519$4,633
13 years$8,325$7,285$6,359$5,537$4,813$3,971
14 years$7,651$6,622$5,713$4,916$4,219$3,420
15 years$7,067$6,049$5,158$4,384$3,714$2,958
16 years$6,557$5,550$4,677$3,925$3,283$2,567
17 years$6,107$5,111$4,256$3,527$2,911$2,234
18 years$5,708$4,723$3,885$3,178$2,588$1,949
19 years$5,351$4,377$3,556$2,872$2,307$1,704
20 years$5,030$4,068$3,264$2,601$2,061$1,493
21 years$4,740$3,789$3,002$2,361$1,844$1,310
22 years$4,477$3,537$2,767$2,146$1,653$1,151
23 years$4,237$3,308$2,555$1,955$1,484$1,012
24 years$4,017$3,099$2,363$1,783$1,334$891
25 years$3,816$2,909$2,188$1,628$1,200$786
26 years$3,630$2,734$2,030$1,489$1,081$693
27 years$3,458$2,573$1,885$1,363$975$612
28 years$3,299$2,424$1,752$1,248$879$540
29 years$3,151$2,287$1,630$1,145$794$477
30 years$3,013$2,160$1,519$1,051$717$422
31 years$2,884$2,042$1,416$965$649$373
32 years$2,763$1,932$1,321$887$587$330
33 years$2,650$1,829$1,233$816$531$292
34 years$2,544$1,734$1,152$750$481$259
35 years$2,445$1,645$1,077$691$435$229
36 years$2,351$1,561$1,008$636$395$203
37 years$2,262$1,483$943$586$358$180
38 years$2,178$1,409$883$540$324$159
39 years$2,099$1,340$828$498$294$141
40 years$2,023$1,275$776$459$267$125
41 years$1,952$1,213$727$424$242$111
42 years$1,884$1,156$682$391$220$98
43 years$1,820$1,101$640$361$199$87
44 years$1,758$1,050$601$333$181$77
45 years$1,700$1,001$564$308$164$69
46 years$1,644$955$530$284$149$61
47 years$1,591$911$498$263$135$54
48 years$1,540$870$468$243$123$48
49 years$1,492$831$440$224$112$42
50 years$1,445$793$414$207$101$38

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 $4,177 every year, while hoping to spend $31,718 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: 72/22/6 Blend
62$1,480,000$1,480,000$1,480,000$1,480,000
63$1,635,269$1,556,829$1,533,889$1,751,517
64$1,768,318$1,599,365$1,551,526$1,871,276
65$1,913,876$1,642,924$1,568,692$1,997,976
66$2,073,184$1,687,520$1,585,335$2,135,796
67$2,247,610$1,733,170$1,601,406$2,285,822
68$2,438,662$1,779,890$1,616,848$2,449,250
69$2,647,997$1,827,696$1,631,604$2,627,396
70$2,877,442$1,876,603$1,645,612$2,821,710
71$3,129,011$1,926,626$1,658,810$3,033,788
72$3,404,919$1,977,780$1,671,129$3,265,387
73$3,707,607$2,030,077$1,682,498$3,518,444
74$4,039,764$2,083,532$1,692,843$3,795,089
75$4,404,351$2,138,157$1,702,085$4,097,672
76$4,804,631$2,193,963$1,710,141$4,428,777
77$5,244,198$2,250,961$1,716,924$4,791,255
78$5,727,009$2,309,161$1,722,344$5,188,241
79$6,257,425$2,368,571$1,726,304$5,623,193
80$6,840,252$2,429,200$1,728,705$6,099,917
81$7,480,781$2,491,054$1,729,439$6,622,609
82$8,184,842$2,554,138$1,728,398$7,195,889
83$8,958,860$2,618,455$1,725,463$7,824,847
84$9,809,912$2,684,007$1,720,514$8,515,092
85$10,745,794$2,750,794$1,713,422$9,272,802
86$11,775,097$2,818,815$1,704,054$10,104,785
87$12,907,286$2,888,066$1,692,269$11,018,541
88$14,152,789$2,958,541$1,677,919$12,022,334
89$15,523,095$3,030,231$1,660,851$13,125,269
90$17,030,864$3,103,126$1,640,903$14,337,379
91$18,690,045$3,177,212$1,617,906$15,669,716
92$20,516,006$3,252,472$1,591,682$17,134,460
93$22,525,682$3,328,886$1,562,047$18,745,033
94$24,737,731$3,406,432$1,528,806$20,516,222
95$27,172,715$3,485,081$1,491,755$22,464,321
96$29,853,286$3,564,805$1,450,683$24,607,284
97$32,804,407$3,645,566$1,405,368$26,964,898
98$36,053,585$3,727,327$1,355,575$29,558,961
99$39,631,127$3,810,043$1,301,064$32,413,498
100$43,570,431$3,893,664$1,241,578$35,554,980