Can I retire at age 63 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$90,837$90,028$89,238$88,468$87,716$86,085
2 years$44,969$44,131$43,320$42,533$41,769$40,133
3 years$29,681$28,840$28,031$27,251$26,500$24,909
4 years$22,039$21,201$20,399$19,633$18,900$17,366
5 years$17,455$16,622$15,831$15,080$14,368$12,895
6 years$14,400$13,573$12,793$12,060$11,369$9,959
7 years$12,219$11,398$10,631$9,915$9,246$7,900
8 years$10,583$9,771$9,016$8,317$7,670$6,387
9 years$9,312$8,507$7,766$7,084$6,459$5,239
10 years$8,296$7,499$6,770$6,107$5,504$4,345
11 years$7,465$6,675$5,960$5,315$4,733$3,634
12 years$6,773$5,992$5,290$4,662$4,102$3,061
13 years$6,188$5,415$4,726$4,116$3,577$2,593
14 years$5,687$4,922$4,246$3,653$3,135$2,207
15 years$5,253$4,496$3,834$3,258$2,761$1,885
16 years$4,873$4,125$3,476$2,917$2,440$1,615
17 years$4,539$3,799$3,163$2,621$2,163$1,388
18 years$4,242$3,510$2,887$2,362$1,924$1,195
19 years$3,977$3,253$2,643$2,135$1,715$1,032
20 years$3,739$3,023$2,426$1,933$1,531$892
21 years$3,523$2,816$2,231$1,755$1,371$772
22 years$3,327$2,629$2,057$1,595$1,228$669
23 years$3,149$2,459$1,899$1,453$1,103$580
24 years$2,986$2,304$1,756$1,325$991$504
25 years$2,836$2,162$1,627$1,210$892$438
26 years$2,698$2,032$1,509$1,106$803$381
27 years$2,570$1,912$1,401$1,013$724$331
28 years$2,452$1,802$1,302$928$654$288
29 years$2,342$1,700$1,212$851$590$251
30 years$2,239$1,605$1,129$781$533$219
31 years$2,143$1,517$1,052$717$482$191
32 years$2,054$1,436$982$659$436$166
33 years$1,970$1,360$917$606$395$145
34 years$1,891$1,289$857$558$357$126
35 years$1,817$1,222$801$513$324$110
36 years$1,747$1,160$749$473$293$96
37 years$1,681$1,102$701$436$266$84
38 years$1,619$1,047$657$402$241$73
39 years$1,560$996$615$370$218$64
40 years$1,504$947$577$342$198$56
41 years$1,451$902$541$315$180$49
42 years$1,400$859$507$291$163$42
43 years$1,353$818$476$268$148$37
44 years$1,307$780$447$248$134$32
45 years$1,264$744$419$229$122$28
46 years$1,222$710$394$211$111$25
47 years$1,183$677$370$195$101$22
48 years$1,145$646$348$180$91$19
49 years$1,109$617$327$167$83$16
50 years$1,074$590$307$154$75$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,100,000, adding $2,125 every year, while hoping to spend $43,699 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: 80/11/9 Blend
62$1,100,000$1,100,000$1,100,000$1,100,000
63$1,214,392$1,156,092$1,139,042$1,309,760
64$1,291,765$1,166,245$1,130,704$1,382,750
65$1,375,564$1,175,431$1,120,623$1,456,882
66$1,466,401$1,183,556$1,108,693$1,536,928
67$1,564,945$1,190,522$1,094,805$1,623,456
68$1,671,933$1,196,221$1,078,845$1,717,094
69$1,788,176$1,200,541$1,060,692$1,818,533
70$1,914,565$1,203,363$1,040,220$1,928,533
71$2,052,082$1,204,558$1,017,298$2,047,933
72$2,201,805$1,203,993$991,789$2,177,655
73$2,364,924$1,201,523$963,548$2,318,717
74$2,542,744$1,196,996$932,425$2,472,240
75$2,736,705$1,190,250$898,263$2,639,460
76$2,948,389$1,181,113$860,895$2,821,737
77$3,179,541$1,169,403$820,151$3,020,570
78$3,432,078$1,154,928$775,850$3,237,613
79$3,708,113$1,137,482$727,804$3,474,687
80$4,009,972$1,116,850$675,816$3,733,799
81$4,340,214$1,092,801$619,682$4,017,161
82$4,701,660$1,065,092$559,185$4,327,210
83$5,097,413$1,033,466$494,102$4,666,634
84$5,530,894$997,650$424,198$5,038,393
85$6,005,866$957,355$349,230$5,445,750
86$6,526,475$912,277$268,941$5,892,303
87$7,097,290$862,093$183,064$6,382,016
88$7,723,339$806,460$91,322$6,919,256
89$8,410,161$745,019$0$7,508,841
90$9,163,859$677,387$0$8,156,709
91$9,991,154$603,160$0$8,877,477
92$10,899,450$521,913$0$9,668,845
93$11,896,901$433,194$0$10,537,950
94$12,992,493$336,528$0$11,492,659
95$14,196,121$231,411$0$12,541,636
96$15,518,688$117,313$0$13,694,434
97$16,972,206$0$0$14,961,577
98$18,569,907$0$0$16,355,428
99$20,326,369$0$0$17,903,427
100$22,257,655$0$0$19,605,535