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%13%
1 years$126,346$125,221$124,123$123,051$122,004$120,480
2 years$62,548$61,383$60,254$59,159$58,097$56,563
3 years$41,284$40,114$38,988$37,904$36,859$35,363
4 years$30,655$29,488$28,373$27,308$26,288$24,842
5 years$24,278$23,119$22,019$20,975$19,984$18,592
6 years$20,029$18,878$17,795$16,774$15,813$14,476
7 years$16,995$15,854$14,787$13,791$12,860$11,579
8 years$14,721$13,590$12,541$11,569$10,669$9,444
9 years$12,952$11,832$10,801$9,854$8,984$7,815
10 years$11,539$10,430$9,417$8,494$7,655$6,541
11 years$10,383$9,285$8,291$7,392$6,584$5,523
12 years$9,420$8,334$7,358$6,484$5,705$4,697
13 years$8,606$7,531$6,574$5,725$4,975$4,018
14 years$7,910$6,846$5,906$5,082$4,361$3,454
15 years$7,306$6,254$5,333$4,532$3,840$2,981
16 years$6,778$5,738$4,835$4,058$3,394$2,581
17 years$6,313$5,284$4,399$3,646$3,009$2,242
18 years$5,901$4,883$4,016$3,286$2,676$1,952
19 years$5,532$4,525$3,677$2,969$2,385$1,703
20 years$5,200$4,205$3,374$2,689$2,130$1,488
21 years$4,900$3,917$3,104$2,440$1,906$1,303
22 years$4,628$3,656$2,860$2,219$1,709$1,142
23 years$4,380$3,420$2,641$2,021$1,534$1,002
24 years$4,153$3,204$2,443$1,843$1,379$880
25 years$3,945$3,007$2,262$1,683$1,241$774
26 years$3,752$2,826$2,098$1,539$1,117$681
27 years$3,575$2,660$1,948$1,409$1,007$600
28 years$3,410$2,506$1,811$1,291$909$529
29 years$3,257$2,364$1,686$1,184$821$466
30 years$3,114$2,233$1,570$1,086$742$411
31 years$2,981$2,111$1,464$998$671$363
32 years$2,857$1,997$1,366$917$607$320
33 years$2,740$1,891$1,275$843$549$283
34 years$2,630$1,793$1,191$776$497$249
35 years$2,527$1,700$1,114$714$450$220
36 years$2,430$1,614$1,042$658$408$195
37 years$2,338$1,533$975$606$370$172
38 years$2,252$1,457$913$559$335$152
39 years$2,170$1,385$856$515$304$134
40 years$2,092$1,318$802$475$276$119
41 years$2,018$1,254$752$438$250$105
42 years$1,948$1,195$705$404$227$93
43 years$1,881$1,138$662$373$206$82
44 years$1,818$1,085$621$345$187$73
45 years$1,757$1,035$583$318$170$64
46 years$1,700$987$548$294$154$57
47 years$1,645$942$515$272$140$50
48 years$1,592$899$484$251$127$44
49 years$1,542$859$455$232$115$39
50 years$1,494$820$428$214$105$35

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 $6,590 every year, while hoping to spend $43,247 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: 43/44/13 Blend
62$1,530,000$1,530,000$1,530,000$1,530,000
63$1,692,858$1,611,768$1,588,053$1,758,993
64$1,819,515$1,644,730$1,595,238$1,838,875
65$1,957,641$1,677,858$1,601,214$1,920,523
66$2,108,361$1,711,114$1,605,896$2,008,026
67$2,272,913$1,744,457$1,609,192$2,101,941
68$2,452,658$1,777,843$1,611,008$2,202,880
69$2,649,096$1,811,225$1,611,244$2,311,518
70$2,863,879$1,844,549$1,609,795$2,428,599
71$3,098,823$1,877,761$1,606,552$2,554,945
72$3,355,931$1,910,798$1,601,399$2,691,460
73$3,637,405$1,943,598$1,594,216$2,839,143
74$3,945,675$1,976,088$1,584,876$2,999,095
75$4,283,411$2,008,193$1,573,247$3,172,528
76$4,653,557$2,039,834$1,559,189$3,360,783
77$5,059,356$2,070,921$1,542,558$3,565,336
78$5,504,377$2,101,363$1,523,200$3,787,815
79$5,992,552$2,131,058$1,500,956$4,030,015
80$6,528,213$2,159,901$1,475,659$4,293,919
81$7,116,131$2,187,776$1,447,133$4,581,709
82$7,761,561$2,214,562$1,415,197$4,895,796
83$8,470,291$2,240,126$1,379,657$5,238,836
84$9,248,699$2,264,331$1,340,314$5,613,761
85$10,103,810$2,287,026$1,296,958$6,023,802
86$11,043,361$2,308,054$1,249,369$6,472,523
87$12,075,880$2,327,244$1,197,318$6,963,857
88$13,210,757$2,344,416$1,140,566$7,502,137
89$14,458,340$2,359,379$1,078,861$8,092,146
90$15,830,030$2,371,927$1,011,942$8,739,155
91$17,338,385$2,381,844$939,534$9,448,980
92$18,997,245$2,388,898$861,352$10,228,032
93$20,821,853$2,392,844$777,097$11,083,384
94$22,829,009$2,393,420$686,457$12,022,831
95$25,037,219$2,390,349$589,105$13,054,973
96$27,466,876$2,383,337$484,700$14,189,291
97$30,140,448$2,372,070$372,888$15,436,239
98$33,082,690$2,356,218$253,296$16,807,347
99$36,320,880$2,335,429$125,538$18,315,326
100$39,885,074$2,309,329$0$19,974,191