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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$128,823$127,676$126,556$125,464$124,397$120,997
2 years$63,774$62,586$61,435$60,319$59,236$55,836
3 years$42,094$40,901$39,753$38,647$37,582$34,288
4 years$31,256$30,066$28,930$27,843$26,804$23,640
5 years$24,754$23,572$22,451$21,386$20,376$17,352
6 years$20,422$19,249$18,143$17,103$16,123$13,242
7 years$17,328$16,165$15,077$14,061$13,112$10,374
8 years$15,009$13,856$12,787$11,795$10,878$8,281
9 years$13,206$12,064$11,013$10,047$9,161$6,703
10 years$11,765$10,634$9,602$8,661$7,805$5,483
11 years$10,586$9,467$8,453$7,537$6,713$4,523
12 years$9,605$8,497$7,502$6,611$5,817$3,756
13 years$8,775$7,679$6,702$5,837$5,073$3,135
14 years$8,065$6,980$6,022$5,181$4,447$2,628
15 years$7,449$6,376$5,437$4,621$3,915$2,211
16 years$6,911$5,850$4,930$4,137$3,460$1,865
17 years$6,437$5,388$4,486$3,717$3,068$1,577
18 years$6,016$4,979$4,095$3,350$2,728$1,337
19 years$5,640$4,614$3,749$3,027$2,432$1,135
20 years$5,302$4,288$3,440$2,742$2,172$965
21 years$4,996$3,994$3,164$2,488$1,944$821
22 years$4,719$3,728$2,917$2,262$1,742$699
23 years$4,466$3,487$2,693$2,060$1,564$596
24 years$4,235$3,267$2,491$1,879$1,406$509
25 years$4,022$3,066$2,307$1,716$1,265$434
26 years$3,826$2,881$2,139$1,569$1,139$371
27 years$3,645$2,712$1,987$1,436$1,027$317
28 years$3,477$2,555$1,847$1,316$927$271
29 years$3,321$2,411$1,719$1,207$837$232
30 years$3,175$2,276$1,601$1,108$756$198
31 years$3,040$2,152$1,492$1,017$684$170
32 years$2,913$2,036$1,392$935$618$145
33 years$2,794$1,928$1,300$860$560$124
34 years$2,682$1,828$1,215$791$507$107
35 years$2,577$1,733$1,136$728$459$91
36 years$2,478$1,645$1,062$671$416$78
37 years$2,384$1,563$994$618$377$67
38 years$2,296$1,485$931$569$342$57
39 years$2,212$1,412$872$525$310$49
40 years$2,133$1,344$818$484$281$42
41 years$2,058$1,279$767$447$255$36
42 years$1,986$1,218$719$412$231$31
43 years$1,918$1,161$675$381$210$26
44 years$1,854$1,106$634$351$191$23
45 years$1,792$1,055$595$325$173$19
46 years$1,733$1,006$559$300$157$17
47 years$1,677$960$525$277$143$14
48 years$1,623$917$493$256$130$12
49 years$1,572$875$464$237$118$10
50 years$1,523$836$436$219$107$9

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 $6,206 every year, while hoping to spend $40,189 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: 46/39/15 Blend
62$1,560,000$1,560,000$1,560,000$1,560,000
63$1,725,521$1,642,841$1,618,661$1,797,282
64$1,858,764$1,680,580$1,630,126$1,885,535
65$2,004,250$1,718,821$1,640,627$1,976,653
66$2,163,186$1,757,546$1,650,091$2,074,630
67$2,336,901$1,796,735$1,658,439$2,180,118
68$2,526,856$1,836,367$1,665,588$2,293,837
69$2,734,662$1,876,415$1,671,452$2,416,580
70$2,962,092$1,916,853$1,675,939$2,549,219
71$3,211,096$1,957,650$1,678,954$2,692,718
72$3,483,825$1,998,772$1,680,397$2,848,136
73$3,782,647$2,040,184$1,680,161$3,016,643
74$4,110,168$2,081,843$1,678,137$3,199,525
75$4,469,259$2,123,707$1,674,209$3,398,204
76$4,863,082$2,165,728$1,668,254$3,614,244
77$5,295,122$2,207,854$1,660,146$3,849,370
78$5,769,213$2,250,028$1,649,750$4,105,482
79$6,289,583$2,292,190$1,636,926$4,384,676
80$6,860,886$2,334,272$1,621,529$4,689,262
81$7,488,249$2,376,204$1,603,402$5,021,787
82$8,177,320$2,417,908$1,582,387$5,385,057
83$8,934,324$2,459,302$1,558,313$5,782,167
84$9,766,113$2,500,297$1,531,005$6,216,528
85$10,680,240$2,540,795$1,500,278$6,691,900
86$11,685,025$2,580,694$1,465,937$7,212,429
87$12,789,633$2,619,884$1,427,782$7,782,684
88$14,004,162$2,658,245$1,385,599$8,407,703
89$15,339,738$2,695,650$1,339,168$9,093,039
90$16,808,618$2,731,963$1,288,256$9,844,815
91$18,424,306$2,767,039$1,232,622$10,669,780
92$20,201,683$2,800,721$1,172,013$11,575,372
93$22,157,143$2,832,844$1,106,163$12,569,796
94$24,308,748$2,863,230$1,034,796$13,662,090
95$26,676,402$2,891,690$957,623$14,862,223
96$29,282,033$2,918,021$874,342$16,181,182
97$32,149,805$2,942,009$784,637$17,631,078
98$35,306,341$2,963,424$688,179$19,225,263
99$38,780,978$2,982,021$584,623$20,978,455
100$42,606,039$2,997,542$473,609$22,906,879