Can I retire at age 63 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$123,043$121,947$120,878$119,834$118,815$115,289
2 years$60,912$59,778$58,678$57,612$56,578$53,055
3 years$40,205$39,065$37,969$36,913$35,896$32,485
4 years$29,853$28,717$27,632$26,594$25,601$22,330
5 years$23,644$22,515$21,443$20,426$19,462$16,339
6 years$19,505$18,385$17,329$16,335$15,399$12,428
7 years$16,551$15,440$14,401$13,430$12,524$9,703
8 years$14,336$13,235$12,213$11,266$10,390$7,718
9 years$12,614$11,523$10,519$9,596$8,750$6,225
10 years$11,237$10,157$9,171$8,272$7,455$5,073
11 years$10,111$9,042$8,074$7,199$6,412$4,169
12 years$9,174$8,116$7,165$6,315$5,556$3,447
13 years$8,381$7,334$6,402$5,575$4,845$2,866
14 years$7,703$6,667$5,752$4,949$4,247$2,393
15 years$7,115$6,090$5,193$4,413$3,740$2,004
16 years$6,601$5,588$4,708$3,952$3,305$1,684
17 years$6,148$5,146$4,284$3,551$2,930$1,418
18 years$5,746$4,755$3,911$3,200$2,606$1,196
19 years$5,387$4,407$3,580$2,891$2,322$1,011
20 years$5,064$4,095$3,286$2,619$2,074$855
21 years$4,772$3,815$3,022$2,377$1,856$725
22 years$4,507$3,561$2,786$2,161$1,664$614
23 years$4,266$3,330$2,572$1,968$1,494$521
24 years$4,045$3,120$2,379$1,795$1,343$443
25 years$3,841$2,928$2,203$1,639$1,208$376
26 years$3,654$2,752$2,043$1,499$1,088$320
27 years$3,481$2,590$1,897$1,372$981$272
28 years$3,321$2,441$1,764$1,257$885$231
29 years$3,172$2,302$1,641$1,153$799$197
30 years$3,033$2,174$1,529$1,058$722$168
31 years$2,903$2,055$1,425$972$653$143
32 years$2,782$1,945$1,330$893$591$122
33 years$2,668$1,842$1,242$821$535$104
34 years$2,562$1,746$1,160$755$484$88
35 years$2,461$1,656$1,085$695$438$75
36 years$2,366$1,572$1,015$640$397$64
37 years$2,277$1,493$950$590$360$55
38 years$2,193$1,418$889$544$326$47
39 years$2,113$1,349$833$502$296$40
40 years$2,037$1,283$781$463$268$34
41 years$1,965$1,222$732$427$244$29
42 years$1,897$1,163$687$394$221$25
43 years$1,832$1,108$645$364$201$21
44 years$1,770$1,057$605$336$182$18
45 years$1,711$1,008$568$310$165$15
46 years$1,655$961$534$286$150$13
47 years$1,602$917$501$265$136$11
48 years$1,551$876$471$244$124$9
49 years$1,502$836$443$226$112$8
50 years$1,455$799$416$209$102$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,490,000, adding $3,596 every year, while hoping to spend $33,887 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: 59/28/13 Blend
62$1,490,000$1,490,000$1,490,000$1,490,000
63$1,645,689$1,566,719$1,543,624$1,737,274
64$1,777,494$1,607,433$1,559,280$1,840,145
65$1,921,607$1,649,006$1,574,325$1,948,165
66$2,079,248$1,691,444$1,588,702$2,065,149
67$2,251,761$1,734,754$1,602,352$2,191,962
68$2,440,622$1,778,939$1,615,213$2,329,560
69$2,647,462$1,824,004$1,627,220$2,478,993
70$2,874,074$1,869,950$1,638,302$2,641,420
71$3,122,432$1,916,780$1,648,387$2,818,114
72$3,394,711$1,964,494$1,657,399$3,010,480
73$3,693,307$2,013,089$1,665,258$3,220,064
74$4,020,858$2,062,565$1,671,878$3,448,571
75$4,380,271$2,112,916$1,677,171$3,697,875
76$4,774,747$2,164,137$1,681,044$3,970,045
77$5,207,811$2,216,219$1,683,399$4,267,358
78$5,683,348$2,269,154$1,684,133$4,592,323
79$6,205,636$2,322,930$1,683,139$4,947,703
80$6,779,390$2,377,532$1,680,302$5,336,544
81$7,409,801$2,432,944$1,675,506$5,762,201
82$8,102,589$2,489,147$1,668,624$6,228,373
83$8,864,057$2,546,119$1,659,527$6,739,131
84$9,701,148$2,603,836$1,648,077$7,298,965
85$10,621,509$2,662,268$1,634,133$7,912,820
86$11,633,570$2,721,386$1,617,542$8,586,147
87$12,746,613$2,781,153$1,598,149$9,324,950
88$13,970,869$2,841,531$1,575,789$10,135,849
89$15,317,608$2,902,477$1,550,289$11,026,134
90$16,799,249$2,963,943$1,521,468$12,003,841
91$18,429,473$3,025,877$1,489,138$13,077,827
92$20,223,356$3,088,222$1,453,101$14,257,849
93$22,197,509$3,150,915$1,413,150$15,554,662
94$24,370,233$3,213,888$1,369,069$16,980,117
95$26,761,696$3,277,067$1,320,631$18,547,272
96$29,394,117$3,340,372$1,267,601$20,270,521
97$32,291,981$3,403,714$1,209,730$22,165,724
98$35,482,266$3,466,999$1,146,759$24,250,359
99$38,994,701$3,530,126$1,078,419$26,543,688
100$42,862,041$3,592,983$1,004,426$29,066,940