Can I retire at age 63 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$90,011$89,209$88,427$87,664$86,918$83,635
2 years$44,560$43,730$42,926$42,146$41,390$38,120
3 years$29,412$28,578$27,776$27,003$26,259$23,106
4 years$21,839$21,008$20,214$19,454$18,728$15,715
5 years$17,296$16,470$15,687$14,943$14,237$11,372
6 years$14,269$13,449$12,677$11,950$11,265$8,551
7 years$12,108$11,295$10,535$9,825$9,162$6,597
8 years$10,487$9,682$8,934$8,242$7,600$5,182
9 years$9,228$8,430$7,695$7,020$6,401$4,126
10 years$8,220$7,430$6,709$6,051$5,454$3,319
11 years$7,397$6,615$5,906$5,267$4,690$2,690
12 years$6,711$5,937$5,242$4,619$4,065$2,194
13 years$6,131$5,365$4,683$4,078$3,544$1,798
14 years$5,635$4,877$4,208$3,620$3,107$1,479
15 years$5,205$4,455$3,799$3,229$2,736$1,221
16 years$4,829$4,088$3,444$2,891$2,418$1,010
17 years$4,498$3,765$3,134$2,597$2,144$837
18 years$4,204$3,479$2,861$2,341$1,906$696
19 years$3,941$3,224$2,619$2,115$1,699$579
20 years$3,705$2,996$2,404$1,916$1,518$482
21 years$3,491$2,790$2,211$1,739$1,358$402
22 years$3,297$2,605$2,038$1,581$1,217$335
23 years$3,121$2,436$1,882$1,440$1,093$280
24 years$2,959$2,283$1,740$1,313$982$234
25 years$2,810$2,142$1,612$1,199$884$195
26 years$2,673$2,013$1,495$1,096$796$163
27 years$2,547$1,895$1,388$1,004$718$136
28 years$2,429$1,785$1,290$919$648$114
29 years$2,320$1,684$1,201$843$585$95
30 years$2,219$1,591$1,119$774$528$80
31 years$2,124$1,504$1,043$711$478$67
32 years$2,035$1,423$973$653$432$56
33 years$1,952$1,347$908$601$391$47
34 years$1,874$1,277$849$553$354$39
35 years$1,800$1,211$794$509$321$33
36 years$1,731$1,150$742$469$291$27
37 years$1,666$1,092$695$432$263$23
38 years$1,604$1,038$651$398$239$19
39 years$1,546$987$610$367$217$16
40 years$1,490$939$571$338$196$14
41 years$1,438$894$536$312$178$11
42 years$1,388$851$503$288$162$9
43 years$1,340$811$472$266$147$8
44 years$1,295$773$443$246$133$7
45 years$1,252$737$416$227$121$6
46 years$1,211$703$390$210$110$5
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$3
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,090,000, adding $5,828 every year, while hoping to spend $55,013 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: 21/50/29 Blend
62$1,090,000$1,090,000$1,090,000$1,090,000
63$1,207,192$1,149,422$1,132,527$1,221,341
64$1,271,792$1,147,210$1,111,933$1,232,549
65$1,341,137$1,143,046$1,088,805$1,239,584
66$1,415,654$1,136,776$1,063,001$1,245,912
67$1,495,810$1,128,237$1,034,371$1,251,511
68$1,582,118$1,117,256$1,002,758$1,256,363
69$1,675,142$1,103,650$967,998$1,260,452
70$1,775,502$1,087,224$929,922$1,263,770
71$1,883,877$1,067,772$888,348$1,266,311
72$2,001,016$1,045,076$843,091$1,268,078
73$2,127,740$1,018,906$793,955$1,269,083
74$2,264,953$989,015$740,735$1,269,344
75$2,413,647$955,145$683,219$1,268,891
76$2,574,914$917,022$621,182$1,267,767
77$2,749,955$874,357$554,391$1,266,028
78$2,940,091$826,841$482,604$1,263,745
79$3,146,775$774,150$405,566$1,261,008
80$3,371,604$715,942$323,010$1,257,928
81$3,616,338$651,853$234,661$1,254,639
82$3,882,910$581,500$140,228$1,251,299
83$4,173,451$504,477$39,410$1,248,100
84$4,490,303$420,357$0$1,245,265
85$4,836,045$328,686$0$1,264,151
86$5,213,517$228,986$0$1,298,350
87$5,625,843$120,754$0$1,336,112
88$6,076,463$3,455$0$1,377,953
89$6,569,166$0$0$1,424,453
90$7,108,120$0$0$1,544,200
91$7,697,918$0$0$1,677,517
92$8,343,616$0$0$1,823,671
93$9,050,781$0$0$1,983,946
94$9,825,545$0$0$2,159,758
95$10,674,660$0$0$2,352,667
96$11,605,561$0$0$2,564,390
97$12,626,441$0$0$2,796,819
98$13,746,319$0$0$3,052,037
99$14,975,132$0$0$3,332,342
100$16,323,825$0$0$3,640,260