Can I retire at age 63 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$128,823$127,676$126,556$125,464$124,397$120,511
2 years$63,774$62,586$61,435$60,319$59,236$55,356
3 years$42,094$40,901$39,753$38,647$37,582$33,829
4 years$31,256$30,066$28,930$27,843$26,804$23,207
5 years$24,754$23,572$22,451$21,386$20,376$16,945
6 years$20,422$19,249$18,143$17,103$16,123$12,860
7 years$17,328$16,165$15,077$14,061$13,112$10,018
8 years$15,009$13,856$12,787$11,795$10,878$7,950
9 years$13,206$12,064$11,013$10,047$9,161$6,396
10 years$11,765$10,634$9,602$8,661$7,805$5,200
11 years$10,586$9,467$8,453$7,537$6,713$4,261
12 years$9,605$8,497$7,502$6,611$5,817$3,515
13 years$8,775$7,679$6,702$5,837$5,073$2,914
14 years$8,065$6,980$6,022$5,181$4,447$2,426
15 years$7,449$6,376$5,437$4,621$3,915$2,027
16 years$6,911$5,850$4,930$4,137$3,460$1,698
17 years$6,437$5,388$4,486$3,717$3,068$1,425
18 years$6,016$4,979$4,095$3,350$2,728$1,199
19 years$5,640$4,614$3,749$3,027$2,432$1,010
20 years$5,302$4,288$3,440$2,742$2,172$852
21 years$4,996$3,994$3,164$2,488$1,944$720
22 years$4,719$3,728$2,917$2,262$1,742$608
23 years$4,466$3,487$2,693$2,060$1,564$515
24 years$4,235$3,267$2,491$1,879$1,406$436
25 years$4,022$3,066$2,307$1,716$1,265$369
26 years$3,826$2,881$2,139$1,569$1,139$313
27 years$3,645$2,712$1,987$1,436$1,027$265
28 years$3,477$2,555$1,847$1,316$927$225
29 years$3,321$2,411$1,719$1,207$837$191
30 years$3,175$2,276$1,601$1,108$756$162
31 years$3,040$2,152$1,492$1,017$684$137
32 years$2,913$2,036$1,392$935$618$117
33 years$2,794$1,928$1,300$860$560$99
34 years$2,682$1,828$1,215$791$507$84
35 years$2,577$1,733$1,136$728$459$71
36 years$2,478$1,645$1,062$671$416$61
37 years$2,384$1,563$994$618$377$51
38 years$2,296$1,485$931$569$342$44
39 years$2,212$1,412$872$525$310$37
40 years$2,133$1,344$818$484$281$32
41 years$2,058$1,279$767$447$255$27
42 years$1,986$1,218$719$412$231$23
43 years$1,918$1,161$675$381$210$19
44 years$1,854$1,106$634$351$191$16
45 years$1,792$1,055$595$325$173$14
46 years$1,733$1,006$559$300$157$12
47 years$1,677$960$525$277$143$10
48 years$1,623$917$493$256$130$9
49 years$1,572$875$464$237$118$7
50 years$1,523$836$436$219$107$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,560,000, adding $3,302 every year, while hoping to spend $23,698 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: 52/25/23 Blend
62$1,560,000$1,560,000$1,560,000$1,560,000
63$1,722,526$1,639,846$1,615,666$1,800,929
64$1,873,009$1,694,984$1,644,576$1,910,583
65$2,038,047$1,752,029$1,673,661$2,027,088
66$2,219,100$1,811,051$1,702,901$2,153,328
67$2,417,775$1,872,119$1,732,275$2,290,236
68$2,635,844$1,935,308$1,761,761$2,438,841
69$2,875,256$2,000,694$1,791,336$2,600,277
70$3,138,160$2,068,357$1,820,974$2,775,790
71$3,426,924$2,138,378$1,850,649$2,966,750
72$3,744,156$2,210,844$1,880,331$3,174,668
73$4,092,727$2,285,842$1,909,989$3,401,205
74$4,475,802$2,363,466$1,939,590$3,648,193
75$4,896,868$2,443,810$1,969,101$3,917,644
76$5,359,765$2,526,973$1,998,482$4,211,778
77$5,868,726$2,613,059$2,027,696$4,533,037
78$6,428,412$2,702,175$2,056,700$4,884,111
79$7,043,959$2,794,431$2,085,449$5,267,962
80$7,721,028$2,889,943$2,113,896$5,687,852
81$8,465,853$2,988,831$2,141,992$6,147,374
82$9,285,305$3,091,219$2,169,684$6,650,485
83$10,186,953$3,197,235$2,196,915$7,201,542
84$11,179,137$3,307,014$2,223,627$7,805,347
85$12,271,047$3,420,696$2,249,756$8,467,187
86$13,472,809$3,538,425$2,275,237$9,192,887
87$14,795,578$3,660,351$2,300,001$9,988,863
88$16,251,650$3,786,630$2,323,974$10,862,184
89$17,854,568$3,917,426$2,347,077$11,820,635
90$19,619,260$4,052,905$2,369,230$12,872,795
91$21,562,171$4,193,245$2,390,346$14,028,114
92$23,701,425$4,338,625$2,410,334$15,297,004
93$26,056,989$4,489,237$2,429,100$16,690,933
94$28,650,869$4,645,276$2,446,541$18,222,539
95$31,507,310$4,806,948$2,462,553$19,905,746
96$34,653,031$4,974,464$2,477,024$21,755,893
97$38,117,473$5,148,045$2,489,837$23,789,880
98$41,933,078$5,327,922$2,500,869$26,026,331
99$46,135,594$5,514,332$2,509,991$28,485,762
100$50,764,416$5,707,525$2,517,066$31,190,780