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%19.2%
1 years$123,869$122,765$121,689$120,638$119,612$115,185
2 years$61,321$60,179$59,072$57,999$56,958$52,548
3 years$40,475$39,328$38,224$37,161$36,137$31,882
4 years$30,053$28,910$27,817$26,772$25,773$21,706
5 years$23,802$22,666$21,587$20,564$19,592$15,724
6 years$19,636$18,508$17,446$16,445$15,503$11,836
7 years$16,662$15,543$14,497$13,520$12,608$9,141
8 years$14,432$13,323$12,295$11,342$10,459$7,190
9 years$12,698$11,600$10,590$9,661$8,808$5,732
10 years$11,312$10,225$9,232$8,328$7,505$4,616
11 years$10,179$9,103$8,128$7,247$6,455$3,746
12 years$9,236$8,170$7,213$6,357$5,593$3,060
13 years$8,438$7,384$6,445$5,612$4,878$2,511
14 years$7,754$6,711$5,791$4,982$4,276$2,069
15 years$7,163$6,131$5,228$4,443$3,765$1,710
16 years$6,646$5,625$4,740$3,978$3,327$1,417
17 years$6,190$5,181$4,313$3,574$2,950$1,176
18 years$5,785$4,787$3,937$3,221$2,623$978
19 years$5,423$4,437$3,605$2,911$2,338$815
20 years$5,098$4,123$3,308$2,636$2,088$680
21 years$4,804$3,840$3,043$2,393$1,869$567
22 years$4,537$3,585$2,804$2,175$1,675$474
23 years$4,294$3,353$2,589$1,981$1,504$396
24 years$4,072$3,141$2,395$1,807$1,352$332
25 years$3,867$2,948$2,218$1,650$1,216$277
26 years$3,679$2,770$2,057$1,509$1,096$232
27 years$3,505$2,607$1,910$1,381$988$195
28 years$3,343$2,457$1,776$1,265$891$163
29 years$3,193$2,318$1,652$1,160$805$137
30 years$3,053$2,189$1,539$1,065$727$114
31 years$2,923$2,069$1,435$978$657$96
32 years$2,801$1,958$1,339$899$595$80
33 years$2,686$1,854$1,250$827$538$67
34 years$2,579$1,757$1,168$761$487$57
35 years$2,478$1,667$1,092$700$441$47
36 years$2,382$1,582$1,022$645$400$40
37 years$2,292$1,503$956$594$362$33
38 years$2,207$1,428$895$548$329$28
39 years$2,127$1,358$839$505$298$23
40 years$2,051$1,292$786$466$270$20
41 years$1,978$1,230$737$430$245$17
42 years$1,910$1,171$692$397$222$14
43 years$1,844$1,116$649$366$202$12
44 years$1,782$1,064$609$338$183$10
45 years$1,723$1,014$572$312$166$8
46 years$1,666$968$537$288$151$7
47 years$1,613$923$505$266$137$6
48 years$1,561$882$474$246$125$5
49 years$1,512$842$446$227$113$4
50 years$1,465$804$419$210$103$3

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 $4,173 every year, while hoping to spend $56,242 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: 73/5/22 Blend
62$1,500,000$1,500,000$1,500,000$1,500,000
63$1,657,304$1,577,804$1,554,554$1,769,087
64$1,766,508$1,595,276$1,546,791$1,861,495
65$1,884,966$1,611,718$1,536,882$1,955,558
66$2,013,562$1,627,022$1,524,698$2,057,204
67$2,153,270$1,641,070$1,510,099$2,167,180
68$2,305,158$1,653,738$1,492,942$2,286,306
69$2,470,406$1,664,892$1,473,077$2,415,489
70$2,650,307$1,674,392$1,450,345$2,555,728
71$2,846,288$1,682,087$1,424,581$2,708,124
72$3,059,917$1,687,816$1,395,612$2,873,891
73$3,292,920$1,691,411$1,363,257$3,054,368
74$3,547,198$1,692,690$1,327,326$3,251,032
75$3,824,841$1,691,461$1,287,621$3,465,509
76$4,128,153$1,687,520$1,243,934$3,699,595
77$4,459,668$1,680,652$1,196,049$3,955,268
78$4,822,176$1,670,626$1,143,738$4,234,709
79$5,218,750$1,657,199$1,086,766$4,540,324
80$5,652,773$1,640,112$1,024,883$4,874,765
81$6,127,970$1,619,092$957,831$5,240,955
82$6,648,444$1,593,848$885,339$5,642,118
83$7,218,711$1,564,073$807,124$6,081,808
84$7,843,749$1,529,441$722,892$6,563,943
85$8,529,034$1,489,608$632,332$7,092,844
86$9,280,604$1,444,206$535,123$7,673,272
87$10,105,104$1,392,851$430,928$8,310,480
88$11,009,857$1,335,133$319,396$9,010,255
89$12,002,926$1,270,618$200,160$9,778,979
90$13,093,195$1,198,849$72,836$10,623,688
91$14,290,450$1,119,342$0$11,552,138
92$15,605,470$1,031,583$0$12,587,677
93$17,050,130$935,033$0$13,744,142
94$18,637,511$829,118$0$15,014,908
95$20,382,026$713,233$0$16,411,539
96$22,299,552$586,741$0$17,946,771
97$24,407,579$448,964$0$19,634,641
98$26,725,380$299,191$0$21,490,613
99$29,274,186$136,668$0$23,531,727
100$32,077,388$0$0$25,776,758