Can I retire at age 63 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$122,217$121,128$120,066$119,030$118,017$114,515
2 years$60,503$59,377$58,285$57,226$56,199$52,699
3 years$39,935$38,803$37,714$36,665$35,655$32,267
4 years$29,653$28,525$27,446$26,415$25,429$22,180
5 years$23,485$22,364$21,299$20,289$19,331$16,229
6 years$19,375$18,262$17,213$16,226$15,296$12,344
7 years$16,440$15,336$14,304$13,340$12,440$9,638
8 years$14,239$13,146$12,131$11,191$10,320$7,666
9 years$12,529$11,446$10,448$9,532$8,691$6,183
10 years$11,162$10,089$9,109$8,217$7,405$5,039
11 years$10,044$8,982$8,020$7,151$6,369$4,141
12 years$9,112$8,061$7,117$6,272$5,519$3,424
13 years$8,325$7,285$6,359$5,537$4,813$2,847
14 years$7,651$6,622$5,713$4,916$4,219$2,376
15 years$7,067$6,049$5,158$4,384$3,714$1,991
16 years$6,557$5,550$4,677$3,925$3,283$1,672
17 years$6,107$5,111$4,256$3,527$2,911$1,408
18 years$5,708$4,723$3,885$3,178$2,588$1,188
19 years$5,351$4,377$3,556$2,872$2,307$1,004
20 years$5,030$4,068$3,264$2,601$2,061$850
21 years$4,740$3,789$3,002$2,361$1,844$720
22 years$4,477$3,537$2,767$2,146$1,653$610
23 years$4,237$3,308$2,555$1,955$1,484$518
24 years$4,017$3,099$2,363$1,783$1,334$440
25 years$3,816$2,909$2,188$1,628$1,200$374
26 years$3,630$2,734$2,030$1,489$1,081$318
27 years$3,458$2,573$1,885$1,363$975$270
28 years$3,299$2,424$1,752$1,248$879$230
29 years$3,151$2,287$1,630$1,145$794$196
30 years$3,013$2,160$1,519$1,051$717$167
31 years$2,884$2,042$1,416$965$649$142
32 years$2,763$1,932$1,321$887$587$121
33 years$2,650$1,829$1,233$816$531$103
34 years$2,544$1,734$1,152$750$481$88
35 years$2,445$1,645$1,077$691$435$75
36 years$2,351$1,561$1,008$636$395$64
37 years$2,262$1,483$943$586$358$54
38 years$2,178$1,409$883$540$324$46
39 years$2,099$1,340$828$498$294$39
40 years$2,023$1,275$776$459$267$34
41 years$1,952$1,213$727$424$242$29
42 years$1,884$1,156$682$391$220$24
43 years$1,820$1,101$640$361$199$21
44 years$1,758$1,050$601$333$181$18
45 years$1,700$1,001$564$308$164$15
46 years$1,644$955$530$284$149$13
47 years$1,591$911$498$263$135$11
48 years$1,540$870$468$243$123$9
49 years$1,492$831$440$224$112$8
50 years$1,445$793$414$207$101$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,480,000, adding $5,098 every year, while hoping to spend $42,492 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: 44/47/9 Blend
62$1,480,000$1,480,000$1,480,000$1,480,000
63$1,636,219$1,557,779$1,534,839$1,703,791
64$1,757,902$1,588,899$1,541,045$1,782,293
65$1,890,572$1,620,119$1,546,034$1,862,580
66$2,035,306$1,651,401$1,549,722$1,948,629
67$2,193,288$1,682,700$1,552,018$2,040,983
68$2,365,821$1,713,970$1,552,828$2,140,244
69$2,554,340$1,745,159$1,552,053$2,247,073
70$2,760,424$1,776,214$1,549,589$2,362,199
71$2,985,814$1,807,075$1,545,327$2,486,427
72$3,232,425$1,837,679$1,539,152$2,620,643
73$3,502,364$1,867,957$1,530,946$2,765,825
74$3,797,954$1,897,837$1,520,582$2,923,052
75$4,121,753$1,927,238$1,507,929$3,093,512
76$4,476,576$1,956,077$1,492,848$3,278,516
77$4,865,525$1,984,262$1,475,197$3,479,511
78$5,292,015$2,011,698$1,454,822$3,698,090
79$5,759,808$2,038,279$1,431,567$3,936,012
80$6,273,049$2,063,895$1,405,265$4,195,216
81$6,836,301$2,088,427$1,375,742$4,477,840
82$7,454,592$2,111,748$1,342,818$4,786,244
83$8,133,460$2,133,723$1,306,302$5,123,027
84$8,879,005$2,154,207$1,265,995$5,491,060
85$9,697,947$2,173,047$1,221,689$5,893,504
86$10,597,690$2,190,079$1,173,168$6,333,849
87$11,586,389$2,205,128$1,120,204$6,815,942
88$12,673,029$2,218,008$1,062,560$7,344,027
89$13,867,509$2,228,520$999,986$7,922,781
90$15,180,733$2,236,456$932,224$8,557,366
91$16,624,716$2,241,591$859,002$9,253,472
92$18,212,695$2,243,687$780,036$10,017,373
93$19,959,255$2,242,492$695,032$10,855,990
94$21,880,462$2,237,738$603,679$11,776,952
95$23,994,022$2,229,139$505,655$12,788,674
96$26,319,440$2,216,395$400,622$13,900,434
97$28,878,208$2,199,184$288,229$15,122,462
98$31,694,008$2,177,167$168,107$16,466,040
99$34,792,931$2,149,982$39,873$17,943,605
100$38,203,728$2,117,249$0$19,568,874