Can I retire at age 63 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$123,869$122,765$121,689$120,638$119,612$116,673
2 years$61,321$60,179$59,072$57,999$56,958$54,015
3 years$40,475$39,328$38,224$37,161$36,137$33,282
4 years$30,053$28,910$27,817$26,772$25,773$23,028
5 years$23,802$22,666$21,587$20,564$19,592$16,965
6 years$19,636$18,508$17,446$16,445$15,503$12,996
7 years$16,662$15,543$14,497$13,520$12,608$10,222
8 years$14,432$13,323$12,295$11,342$10,459$8,193
9 years$12,698$11,600$10,590$9,661$8,808$6,660
10 years$11,312$10,225$9,232$8,328$7,505$5,472
11 years$10,179$9,103$8,128$7,247$6,455$4,534
12 years$9,236$8,170$7,213$6,357$5,593$3,782
13 years$8,438$7,384$6,445$5,612$4,878$3,172
14 years$7,754$6,711$5,791$4,982$4,276$2,672
15 years$7,163$6,131$5,228$4,443$3,765$2,259
16 years$6,646$5,625$4,740$3,978$3,327$1,915
17 years$6,190$5,181$4,313$3,574$2,950$1,628
18 years$5,785$4,787$3,937$3,221$2,623$1,387
19 years$5,423$4,437$3,605$2,911$2,338$1,183
20 years$5,098$4,123$3,308$2,636$2,088$1,011
21 years$4,804$3,840$3,043$2,393$1,869$865
22 years$4,537$3,585$2,804$2,175$1,675$741
23 years$4,294$3,353$2,589$1,981$1,504$635
24 years$4,072$3,141$2,395$1,807$1,352$545
25 years$3,867$2,948$2,218$1,650$1,216$468
26 years$3,679$2,770$2,057$1,509$1,096$402
27 years$3,505$2,607$1,910$1,381$988$346
28 years$3,343$2,457$1,776$1,265$891$297
29 years$3,193$2,318$1,652$1,160$805$256
30 years$3,053$2,189$1,539$1,065$727$220
31 years$2,923$2,069$1,435$978$657$189
32 years$2,801$1,958$1,339$899$595$163
33 years$2,686$1,854$1,250$827$538$140
34 years$2,579$1,757$1,168$761$487$121
35 years$2,478$1,667$1,092$700$441$104
36 years$2,382$1,582$1,022$645$400$90
37 years$2,292$1,503$956$594$362$77
38 years$2,207$1,428$895$548$329$67
39 years$2,127$1,358$839$505$298$57
40 years$2,051$1,292$786$466$270$49
41 years$1,978$1,230$737$430$245$43
42 years$1,910$1,171$692$397$222$37
43 years$1,844$1,116$649$366$202$32
44 years$1,782$1,064$609$338$183$27
45 years$1,723$1,014$572$312$166$23
46 years$1,666$968$537$288$151$20
47 years$1,613$923$505$266$137$17
48 years$1,561$882$474$246$125$15
49 years$1,512$842$446$227$113$13
50 years$1,465$804$419$210$103$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,500,000, adding $2,847 every year, while hoping to spend $51,442 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: 49/40/11 Blend
62$1,500,000$1,500,000$1,500,000$1,500,000
63$1,655,937$1,576,437$1,553,187$1,732,004
64$1,770,108$1,598,948$1,550,485$1,807,019
65$1,894,201$1,620,839$1,545,968$1,882,824
66$2,029,173$1,642,023$1,539,521$1,963,993
67$2,176,078$1,662,412$1,531,024$2,051,042
68$2,336,075$1,681,907$1,520,351$2,144,543
69$2,510,440$1,700,405$1,507,367$2,245,125
70$2,700,576$1,717,797$1,491,936$2,353,486
71$2,908,030$1,733,964$1,473,911$2,470,393
72$3,134,502$1,748,781$1,453,140$2,596,696
73$3,381,865$1,762,114$1,429,463$2,733,332
74$3,652,179$1,773,822$1,402,714$2,881,335
75$3,947,714$1,783,752$1,372,718$3,041,847
76$4,270,969$1,791,744$1,339,292$3,216,129
77$4,624,694$1,797,625$1,302,244$3,405,573
78$5,011,918$1,801,215$1,261,375$3,611,715
79$5,435,979$1,802,319$1,216,476$3,836,253
80$5,900,548$1,800,732$1,167,327$4,081,059
81$6,409,671$1,796,235$1,113,700$4,348,199
82$6,967,803$1,788,597$1,055,355$4,639,956
83$7,579,852$1,777,571$992,042$4,958,846
84$8,251,222$1,762,897$923,501$5,307,651
85$8,987,866$1,744,298$849,457$5,689,437
86$9,796,340$1,721,481$769,626$6,107,590
87$10,683,868$1,694,134$683,710$6,565,845
88$11,658,406$1,661,930$591,397$7,068,326
89$12,728,716$1,624,518$492,362$7,619,581
90$13,904,455$1,581,529$386,266$8,224,631
91$15,196,257$1,532,571$272,753$8,889,015
92$16,615,840$1,477,232$151,455$9,618,843
93$18,176,112$1,415,073$21,985$10,420,858
94$19,891,294$1,345,629$0$11,302,500
95$21,777,052$1,268,411$0$12,285,612
96$23,850,648$1,182,901$0$13,369,250
97$26,131,100$1,088,548$0$14,560,870
98$28,639,360$984,775$0$15,871,543
99$31,398,513$870,967$0$17,313,477
100$34,433,995$746,479$0$18,900,134