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%14.8%
1 years$123,043$121,947$120,878$119,834$118,815$116,463
2 years$60,912$59,778$58,678$57,612$56,578$54,219
3 years$40,205$39,065$37,969$36,913$35,896$33,603
4 years$29,853$28,717$27,632$26,594$25,601$23,392
5 years$23,644$22,515$21,443$20,426$19,462$17,342
6 years$19,505$18,385$17,329$16,335$15,399$13,372
7 years$16,551$15,440$14,401$13,430$12,524$10,589
8 years$14,336$13,235$12,213$11,266$10,390$8,547
9 years$12,614$11,523$10,519$9,596$8,750$6,998
10 years$11,237$10,157$9,171$8,272$7,455$5,792
11 years$10,111$9,042$8,074$7,199$6,412$4,836
12 years$9,174$8,116$7,165$6,315$5,556$4,066
13 years$8,381$7,334$6,402$5,575$4,845$3,437
14 years$7,703$6,667$5,752$4,949$4,247$2,919
15 years$7,115$6,090$5,193$4,413$3,740$2,488
16 years$6,601$5,588$4,708$3,952$3,305$2,128
17 years$6,148$5,146$4,284$3,551$2,930$1,824
18 years$5,746$4,755$3,911$3,200$2,606$1,568
19 years$5,387$4,407$3,580$2,891$2,322$1,350
20 years$5,064$4,095$3,286$2,619$2,074$1,164
21 years$4,772$3,815$3,022$2,377$1,856$1,005
22 years$4,507$3,561$2,786$2,161$1,664$869
23 years$4,266$3,330$2,572$1,968$1,494$752
24 years$4,045$3,120$2,379$1,795$1,343$652
25 years$3,841$2,928$2,203$1,639$1,208$565
26 years$3,654$2,752$2,043$1,499$1,088$490
27 years$3,481$2,590$1,897$1,372$981$425
28 years$3,321$2,441$1,764$1,257$885$369
29 years$3,172$2,302$1,641$1,153$799$321
30 years$3,033$2,174$1,529$1,058$722$279
31 years$2,903$2,055$1,425$972$653$242
32 years$2,782$1,945$1,330$893$591$211
33 years$2,668$1,842$1,242$821$535$183
34 years$2,562$1,746$1,160$755$484$159
35 years$2,461$1,656$1,085$695$438$139
36 years$2,366$1,572$1,015$640$397$121
37 years$2,277$1,493$950$590$360$105
38 years$2,193$1,418$889$544$326$91
39 years$2,113$1,349$833$502$296$80
40 years$2,037$1,283$781$463$268$69
41 years$1,965$1,222$732$427$244$60
42 years$1,897$1,163$687$394$221$53
43 years$1,832$1,108$645$364$201$46
44 years$1,770$1,057$605$336$182$40
45 years$1,711$1,008$568$310$165$35
46 years$1,655$961$534$286$150$30
47 years$1,602$917$501$265$136$26
48 years$1,551$876$471$244$124$23
49 years$1,502$836$443$226$112$20
50 years$1,455$799$416$209$102$17

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 $3,847 every year, while hoping to spend $30,876 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: 65/7/28 Blend
62$1,490,000$1,490,000$1,490,000$1,490,000
63$1,645,948$1,566,978$1,543,883$1,740,511
64$1,780,983$1,610,908$1,562,751$1,848,835
65$1,928,757$1,655,956$1,581,217$1,963,419
66$2,090,536$1,702,144$1,599,234$2,087,991
67$2,267,715$1,749,494$1,616,753$2,223,538
68$2,461,831$1,798,028$1,633,723$2,371,148
69$2,674,576$1,847,769$1,650,091$2,532,018
70$2,907,812$1,898,739$1,665,798$2,707,469
71$3,163,591$1,950,960$1,680,785$2,898,954
72$3,444,174$2,004,454$1,694,988$3,108,076
73$3,752,051$2,059,243$1,708,341$3,336,600
74$4,089,963$2,115,348$1,720,773$3,586,472
75$4,460,931$2,172,792$1,732,210$3,859,835
76$4,868,282$2,231,595$1,742,575$4,159,053
77$5,315,681$2,291,778$1,751,786$4,486,729
78$5,807,166$2,353,361$1,759,757$4,845,731
79$6,347,186$2,416,364$1,766,397$5,239,221
80$6,940,639$2,480,806$1,771,612$5,670,683
81$7,592,925$2,546,707$1,775,302$6,143,957
82$8,309,991$2,614,083$1,777,362$6,663,274
83$9,098,390$2,682,952$1,777,683$7,233,296
84$9,965,339$2,753,330$1,776,149$7,859,164
85$10,918,793$2,825,233$1,772,639$8,546,539
86$11,967,514$2,898,674$1,767,028$9,301,664
87$13,121,158$2,973,666$1,759,180$10,131,417
88$14,390,362$3,050,221$1,748,958$11,043,378
89$15,786,846$3,128,349$1,736,215$12,045,901
90$17,323,524$3,208,058$1,720,799$13,148,193
91$19,014,626$3,289,355$1,702,548$14,360,401
92$20,875,829$3,372,245$1,681,294$15,693,707
93$22,924,409$3,456,731$1,656,863$17,160,433
94$25,179,400$3,542,812$1,629,070$18,774,163
95$27,661,777$3,630,488$1,597,721$20,549,863
96$30,394,649$3,719,753$1,562,616$22,504,030
97$33,403,483$3,810,600$1,523,543$24,654,842
98$36,716,338$3,903,019$1,480,281$27,022,335
99$40,364,133$3,996,996$1,432,600$29,628,589
100$44,380,940$4,092,514$1,380,257$32,497,937