Can I retire at age 63 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$120,565$119,492$118,444$117,421$116,422$114,165
2 years$59,686$58,574$57,497$56,452$55,439$53,174
3 years$39,395$38,279$37,204$36,170$35,173$32,971
4 years$29,252$28,139$27,075$26,058$25,086$22,963
5 years$23,168$22,061$21,011$20,015$19,070$17,033
6 years$19,113$18,015$16,980$16,006$15,089$13,141
7 years$16,217$15,129$14,111$13,160$12,272$10,412
8 years$14,047$12,968$11,967$11,039$10,180$8,409
9 years$12,360$11,291$10,307$9,403$8,573$6,889
10 years$11,011$9,953$8,986$8,106$7,305$5,706
11 years$9,908$8,860$7,911$7,054$6,283$4,767
12 years$8,989$7,952$7,021$6,188$5,444$4,010
13 years$8,213$7,187$6,273$5,463$4,748$3,392
14 years$7,548$6,532$5,636$4,849$4,162$2,883
15 years$6,972$5,968$5,089$4,325$3,664$2,459
16 years$6,468$5,475$4,614$3,872$3,238$2,104
17 years$6,025$5,042$4,198$3,479$2,871$1,806
18 years$5,631$4,659$3,832$3,135$2,553$1,553
19 years$5,279$4,318$3,508$2,833$2,276$1,338
20 years$4,962$4,013$3,220$2,566$2,033$1,155
21 years$4,676$3,738$2,962$2,329$1,819$998
22 years$4,416$3,489$2,730$2,117$1,631$863
23 years$4,180$3,263$2,520$1,928$1,464$748
24 years$3,963$3,057$2,331$1,759$1,316$648
25 years$3,764$2,869$2,159$1,606$1,184$562
26 years$3,581$2,697$2,002$1,469$1,066$488
27 years$3,411$2,538$1,859$1,344$961$424
28 years$3,254$2,391$1,728$1,232$867$369
29 years$3,108$2,256$1,608$1,129$783$320
30 years$2,972$2,131$1,498$1,037$708$279
31 years$2,845$2,014$1,397$952$640$242
32 years$2,726$1,906$1,303$875$579$211
33 years$2,615$1,805$1,217$805$524$184
34 years$2,510$1,710$1,137$740$474$160
35 years$2,412$1,622$1,063$681$430$139
36 years$2,319$1,540$994$628$389$121
37 years$2,231$1,463$931$578$353$106
38 years$2,149$1,390$872$533$320$92
39 years$2,070$1,322$817$491$290$80
40 years$1,996$1,257$765$453$263$70
41 years$1,926$1,197$718$418$239$61
42 years$1,859$1,140$673$386$217$53
43 years$1,795$1,086$632$356$197$46
44 years$1,735$1,035$593$329$178$40
45 years$1,677$987$557$304$162$35
46 years$1,622$942$523$281$147$31
47 years$1,570$899$491$259$134$27
48 years$1,519$858$462$240$121$23
49 years$1,471$819$434$221$110$20
50 years$1,425$783$408$205$100$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,460,000, adding $2,454 every year, while hoping to spend $25,223 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: 58/28/14 Blend
62$1,460,000$1,460,000$1,460,000$1,460,000
63$1,611,451$1,534,071$1,511,441$1,699,057
64$1,748,982$1,582,404$1,535,238$1,806,878
65$1,899,696$1,632,259$1,558,986$1,921,354
66$2,064,911$1,683,685$1,582,657$2,045,550
67$2,246,078$1,736,732$1,606,222$2,180,405
68$2,444,796$1,791,450$1,629,649$2,326,951
69$2,662,826$1,847,892$1,652,903$2,486,324
70$2,902,109$1,906,113$1,675,950$2,659,776
71$3,164,779$1,966,169$1,698,750$2,848,682
72$3,453,192$2,028,116$1,721,264$3,054,558
73$3,769,940$2,092,016$1,743,448$3,279,073
74$4,117,879$2,157,930$1,765,258$3,524,064
75$4,500,154$2,225,920$1,786,646$3,791,553
76$4,920,232$2,296,053$1,807,561$4,083,769
77$5,381,932$2,368,395$1,827,951$4,403,163
78$5,889,460$2,443,018$1,847,758$4,752,436
79$6,447,451$2,519,992$1,866,924$5,134,565
80$7,061,011$2,599,391$1,885,386$5,552,825
81$7,735,766$2,681,293$1,903,078$6,010,824
82$8,477,913$2,765,775$1,919,930$6,512,539
83$9,294,281$2,852,920$1,935,869$7,062,346
84$10,192,396$2,942,810$1,950,818$7,665,069
85$11,180,546$3,035,534$1,964,697$8,326,020
86$12,267,866$3,131,180$1,977,418$9,051,051
87$13,464,421$3,229,839$1,988,894$9,846,609
88$14,781,298$3,331,608$1,999,029$10,719,796
89$16,230,718$3,436,584$2,007,723$11,678,437
90$17,826,143$3,544,868$2,014,874$12,731,151
91$19,582,407$3,656,565$2,020,370$13,887,435
92$21,515,858$3,771,782$2,024,097$15,157,751
93$23,644,506$3,890,630$2,025,935$16,553,628
94$25,988,198$4,013,223$2,025,757$18,087,766
95$28,568,803$4,139,680$2,023,428$19,774,158
96$31,410,419$4,270,122$2,018,811$21,628,222
97$34,539,599$4,404,676$2,011,759$23,666,946
98$37,985,603$4,543,470$2,002,118$25,909,048
99$41,780,673$4,686,638$1,989,727$28,375,152
100$45,960,337$4,834,318$1,974,418$31,087,981