Can I retire at age 63 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$126,346$125,221$124,123$123,051$122,004$118,336
2 years$62,548$61,383$60,254$59,159$58,097$54,432
3 years$41,284$40,114$38,988$37,904$36,859$33,313
4 years$30,655$29,488$28,373$27,308$26,288$22,887
5 years$24,278$23,119$22,019$20,975$19,984$16,738
6 years$20,029$18,878$17,795$16,774$15,813$12,724
7 years$16,995$15,854$14,787$13,791$12,860$9,929
8 years$14,721$13,590$12,541$11,569$10,669$7,893
9 years$12,952$11,832$10,801$9,854$8,984$6,362
10 years$11,539$10,430$9,417$8,494$7,655$5,182
11 years$10,383$9,285$8,291$7,392$6,584$4,255
12 years$9,420$8,334$7,358$6,484$5,705$3,517
13 years$8,606$7,531$6,574$5,725$4,975$2,921
14 years$7,910$6,846$5,906$5,082$4,361$2,437
15 years$7,306$6,254$5,333$4,532$3,840$2,040
16 years$6,778$5,738$4,835$4,058$3,394$1,713
17 years$6,313$5,284$4,399$3,646$3,009$1,441
18 years$5,901$4,883$4,016$3,286$2,676$1,215
19 years$5,532$4,525$3,677$2,969$2,385$1,026
20 years$5,200$4,205$3,374$2,689$2,130$867
21 years$4,900$3,917$3,104$2,440$1,906$734
22 years$4,628$3,656$2,860$2,219$1,709$622
23 years$4,380$3,420$2,641$2,021$1,534$528
24 years$4,153$3,204$2,443$1,843$1,379$448
25 years$3,945$3,007$2,262$1,683$1,241$380
26 years$3,752$2,826$2,098$1,539$1,117$323
27 years$3,575$2,660$1,948$1,409$1,007$274
28 years$3,410$2,506$1,811$1,291$909$233
29 years$3,257$2,364$1,686$1,184$821$198
30 years$3,114$2,233$1,570$1,086$742$169
31 years$2,981$2,111$1,464$998$671$144
32 years$2,857$1,997$1,366$917$607$122
33 years$2,740$1,891$1,275$843$549$104
34 years$2,630$1,793$1,191$776$497$88
35 years$2,527$1,700$1,114$714$450$75
36 years$2,430$1,614$1,042$658$408$64
37 years$2,338$1,533$975$606$370$55
38 years$2,252$1,457$913$559$335$46
39 years$2,170$1,385$856$515$304$40
40 years$2,092$1,318$802$475$276$34
41 years$2,018$1,254$752$438$250$29
42 years$1,948$1,195$705$404$227$24
43 years$1,881$1,138$662$373$206$21
44 years$1,818$1,085$621$345$187$18
45 years$1,757$1,035$583$318$170$15
46 years$1,700$987$548$294$154$13
47 years$1,645$942$515$272$140$11
48 years$1,592$899$484$251$127$9
49 years$1,542$859$455$232$115$8
50 years$1,494$820$428$214$105$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,530,000, adding $5,911 every year, while hoping to spend $35,278 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: 42/49/9 Blend
62$1,530,000$1,530,000$1,530,000$1,530,000
63$1,692,157$1,611,067$1,587,352$1,758,524
64$1,827,222$1,652,474$1,602,993$1,846,824
65$1,974,880$1,694,727$1,617,975$1,938,361
66$2,136,381$1,737,831$1,632,240$2,036,678
67$2,313,096$1,781,790$1,645,725$2,142,406
68$2,506,539$1,826,604$1,658,363$2,256,241
69$2,718,374$1,872,276$1,670,087$2,378,946
70$2,950,436$1,918,805$1,680,822$2,511,365
71$3,204,743$1,966,190$1,690,493$2,654,424
72$3,483,522$2,014,428$1,699,019$2,809,144
73$3,789,220$2,063,514$1,706,315$2,976,649
74$4,124,536$2,113,442$1,712,292$3,158,175
75$4,492,442$2,164,204$1,716,858$3,355,087
76$4,896,212$2,215,790$1,719,913$3,568,884
77$5,339,451$2,268,189$1,721,355$3,801,220
78$5,826,130$2,321,386$1,721,076$4,053,916
79$6,360,626$2,375,364$1,718,963$4,328,978
80$6,947,757$2,430,105$1,714,895$4,628,617
81$7,592,834$2,485,585$1,708,750$4,955,266
82$8,301,706$2,541,781$1,700,395$5,311,608
83$9,080,816$2,598,665$1,689,695$5,700,599
84$9,937,263$2,656,204$1,676,504$6,125,495
85$10,878,870$2,714,364$1,660,673$6,589,884
86$11,914,253$2,773,106$1,642,044$7,097,720
87$13,052,906$2,832,387$1,620,451$7,653,360
88$14,305,288$2,892,160$1,595,722$8,261,605
89$15,682,925$2,952,373$1,567,676$8,927,746
90$17,198,513$3,012,969$1,536,123$9,657,612
91$18,866,043$3,073,886$1,500,864$10,457,629
92$20,700,929$3,135,056$1,461,693$11,334,877
93$22,720,156$3,196,406$1,418,392$12,297,160
94$24,942,437$3,257,856$1,370,734$13,353,076
95$27,388,394$3,319,319$1,318,481$14,512,104
96$30,080,745$3,380,700$1,261,386$15,784,689
97$33,044,527$3,441,900$1,199,188$17,182,340
98$36,307,324$3,502,809$1,131,616$18,717,745
99$39,899,532$3,563,307$1,058,386$20,404,886
100$43,854,645$3,623,270$979,203$22,259,171