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%11.6%
1 years$126,346$125,221$124,123$123,051$122,004$121,185
2 years$62,548$61,383$60,254$59,159$58,097$57,271
3 years$41,284$40,114$38,988$37,904$36,859$36,051
4 years$30,655$29,488$28,373$27,308$26,288$25,505
5 years$24,278$23,119$22,019$20,975$19,984$19,228
6 years$20,029$18,878$17,795$16,774$15,813$15,085
7 years$16,995$15,854$14,787$13,791$12,860$12,160
8 years$14,721$13,590$12,541$11,569$10,669$9,997
9 years$12,952$11,832$10,801$9,854$8,984$8,342
10 years$11,539$10,430$9,417$8,494$7,655$7,040
11 years$10,383$9,285$8,291$7,392$6,584$5,996
12 years$9,420$8,334$7,358$6,484$5,705$5,145
13 years$8,606$7,531$6,574$5,725$4,975$4,441
14 years$7,910$6,846$5,906$5,082$4,361$3,853
15 years$7,306$6,254$5,333$4,532$3,840$3,357
16 years$6,778$5,738$4,835$4,058$3,394$2,935
17 years$6,313$5,284$4,399$3,646$3,009$2,574
18 years$5,901$4,883$4,016$3,286$2,676$2,264
19 years$5,532$4,525$3,677$2,969$2,385$1,995
20 years$5,200$4,205$3,374$2,689$2,130$1,762
21 years$4,900$3,917$3,104$2,440$1,906$1,558
22 years$4,628$3,656$2,860$2,219$1,709$1,380
23 years$4,380$3,420$2,641$2,021$1,534$1,224
24 years$4,153$3,204$2,443$1,843$1,379$1,087
25 years$3,945$3,007$2,262$1,683$1,241$966
26 years$3,752$2,826$2,098$1,539$1,117$860
27 years$3,575$2,660$1,948$1,409$1,007$766
28 years$3,410$2,506$1,811$1,291$909$682
29 years$3,257$2,364$1,686$1,184$821$608
30 years$3,114$2,233$1,570$1,086$742$543
31 years$2,981$2,111$1,464$998$671$484
32 years$2,857$1,997$1,366$917$607$432
33 years$2,740$1,891$1,275$843$549$386
34 years$2,630$1,793$1,191$776$497$345
35 years$2,527$1,700$1,114$714$450$308
36 years$2,430$1,614$1,042$658$408$276
37 years$2,338$1,533$975$606$370$247
38 years$2,252$1,457$913$559$335$221
39 years$2,170$1,385$856$515$304$197
40 years$2,092$1,318$802$475$276$177
41 years$2,018$1,254$752$438$250$158
42 years$1,948$1,195$705$404$227$141
43 years$1,881$1,138$662$373$206$127
44 years$1,818$1,085$621$345$187$113
45 years$1,757$1,035$583$318$170$101
46 years$1,700$987$548$294$154$91
47 years$1,645$942$515$272$140$81
48 years$1,592$899$484$251$127$73
49 years$1,542$859$455$232$115$65
50 years$1,494$820$428$214$105$58

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 $4,338 every year, while hoping to spend $42,516 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: 66/13/21 Blend
62$1,530,000$1,530,000$1,530,000$1,530,000
63$1,690,535$1,609,445$1,585,730$1,792,837
64$1,817,732$1,643,071$1,593,615$1,895,661
65$1,956,480$1,676,920$1,600,339$2,002,765
66$2,107,909$1,710,957$1,605,819$2,118,852
67$2,273,268$1,745,146$1,609,967$2,244,806
68$2,453,930$1,779,447$1,612,689$2,381,599
69$2,651,406$1,813,815$1,613,889$2,530,305
70$2,867,361$1,848,204$1,613,466$2,692,105
71$3,103,626$1,882,560$1,611,312$2,868,303
72$3,362,221$1,916,830$1,607,315$3,060,332
73$3,645,366$1,950,953$1,601,359$3,269,777
74$3,955,507$1,984,864$1,593,319$3,498,381
75$4,295,341$2,018,494$1,583,066$3,748,066
76$4,667,832$2,051,768$1,570,466$4,020,952
77$5,076,251$2,084,604$1,555,376$4,319,372
78$5,524,196$2,116,916$1,537,648$4,645,903
79$6,015,631$2,148,613$1,517,127$5,003,379
80$6,554,924$2,179,593$1,493,649$5,394,930
81$7,146,884$2,209,751$1,467,044$5,824,002
82$7,796,809$2,238,972$1,437,134$6,294,394
83$8,510,537$2,267,135$1,403,731$6,810,295
84$9,294,497$2,294,110$1,366,641$7,376,320
85$10,155,770$2,319,756$1,325,658$7,997,558
86$11,102,161$2,343,926$1,280,570$8,679,618
87$12,142,264$2,366,461$1,231,151$9,428,681
88$13,285,549$2,387,192$1,177,170$10,251,561
89$14,542,450$2,405,940$1,118,380$11,155,770
90$15,924,461$2,422,512$1,054,527$12,149,585
91$17,444,246$2,436,704$985,343$13,242,133
92$19,115,756$2,448,300$910,549$14,443,470
93$20,954,365$2,457,068$829,854$15,764,683
94$22,977,009$2,462,763$742,953$17,217,991
95$25,202,350$2,465,125$649,528$18,816,863
96$27,650,948$2,463,875$549,246$20,576,144
97$30,345,460$2,458,719$441,760$22,512,195
98$33,310,846$2,449,345$326,708$24,643,051
99$36,574,611$2,435,422$203,712$26,988,589
100$40,167,061$2,416,598$72,376$29,570,719