Can I retire at age 63 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$94,140$93,302$92,483$91,685$90,905$87,820
2 years$46,604$45,736$44,895$44,079$43,288$40,210
3 years$30,761$29,889$29,050$28,242$27,464$24,491
4 years$22,841$21,972$21,141$20,347$19,587$16,741
5 years$18,090$17,226$16,406$15,628$14,890$12,179
6 years$14,924$14,066$13,259$12,498$11,782$9,208
7 years$12,663$11,813$11,018$10,275$9,582$7,144
8 years$10,968$10,126$9,344$8,620$7,949$5,646
9 years$9,651$8,816$8,048$7,342$6,694$4,523
10 years$8,597$7,771$7,017$6,329$5,704$3,661
11 years$7,736$6,918$6,177$5,508$4,906$2,987
12 years$7,019$6,209$5,482$4,831$4,251$2,452
13 years$6,413$5,612$4,898$4,265$3,707$2,023
14 years$5,893$5,101$4,401$3,786$3,250$1,676
15 years$5,444$4,660$3,973$3,377$2,861$1,393
16 years$5,051$4,275$3,602$3,023$2,529$1,161
17 years$4,704$3,937$3,278$2,717$2,242$970
18 years$4,397$3,638$2,992$2,448$1,994$812
19 years$4,122$3,372$2,739$2,212$1,777$680
20 years$3,874$3,133$2,514$2,004$1,587$571
21 years$3,651$2,918$2,313$1,818$1,420$479
22 years$3,448$2,724$2,131$1,653$1,273$403
23 years$3,264$2,548$1,968$1,506$1,143$339
24 years$3,094$2,387$1,820$1,373$1,027$285
25 years$2,939$2,240$1,686$1,254$924$240
26 years$2,796$2,106$1,563$1,147$833$203
27 years$2,664$1,982$1,452$1,050$751$171
28 years$2,541$1,867$1,350$962$677$144
29 years$2,427$1,762$1,256$882$612$121
30 years$2,321$1,664$1,170$809$553$102
31 years$2,221$1,573$1,091$743$500$86
32 years$2,129$1,488$1,018$683$452$73
33 years$2,042$1,409$950$628$409$62
34 years$1,960$1,336$888$578$370$52
35 years$1,883$1,267$830$532$335$44
36 years$1,811$1,202$776$490$304$37
37 years$1,742$1,142$727$451$275$31
38 years$1,678$1,085$681$416$250$26
39 years$1,616$1,032$638$384$226$22
40 years$1,559$982$598$354$205$19
41 years$1,504$935$560$327$186$16
42 years$1,451$890$526$301$169$13
43 years$1,402$848$493$278$153$11
44 years$1,354$808$463$257$139$10
45 years$1,309$771$435$237$126$8
46 years$1,267$735$408$219$115$7
47 years$1,226$702$384$202$104$6
48 years$1,186$670$360$187$95$5
49 years$1,149$640$339$173$86$4
50 years$1,113$611$319$160$78$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,140,000, adding $5,739 every year, while hoping to spend $58,290 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: 41/35/24 Blend
62$1,140,000$1,140,000$1,140,000$1,140,000
63$1,262,200$1,201,780$1,184,110$1,304,830
64$1,328,924$1,198,647$1,161,757$1,332,836
65$1,400,501$1,193,407$1,136,702$1,357,168
66$1,477,363$1,185,895$1,108,793$1,382,350
67$1,559,986$1,175,936$1,077,870$1,408,494
68$1,648,893$1,163,345$1,043,767$1,435,726
69$1,744,657$1,147,926$1,006,310$1,464,190
70$1,847,907$1,129,470$965,317$1,494,049
71$1,959,336$1,107,756$920,597$1,525,488
72$2,079,703$1,082,550$871,952$1,558,715
73$2,209,843$1,053,606$819,173$1,593,965
74$2,350,676$1,020,661$762,044$1,631,503
75$2,503,209$983,438$700,336$1,671,626
76$2,668,553$941,643$633,814$1,714,671
77$2,847,927$894,966$562,229$1,761,012
78$3,042,674$843,077$485,322$1,811,071
79$3,254,269$785,630$402,822$1,865,322
80$3,484,336$722,257$314,448$1,924,291
81$3,734,660$652,571$219,905$1,988,572
82$4,007,208$576,159$118,884$2,058,825
83$4,304,142$492,589$11,065$2,135,788
84$4,627,841$401,403$0$2,220,286
85$4,980,925$302,116$0$2,339,869
86$5,366,276$194,216$0$2,473,684
87$5,787,068$77,165$0$2,620,131
88$6,246,794$0$0$2,780,578
89$6,749,299$0$0$2,975,646
90$7,298,818$0$0$3,221,604
91$7,900,012$0$0$3,490,837
92$8,558,014$0$0$3,785,662
93$9,278,477$0$0$4,108,629
94$10,067,625$0$0$4,462,549
95$10,932,313$0$0$4,850,517
96$11,880,088$0$0$5,275,940
97$12,919,267$0$0$5,742,572
98$14,059,005$0$0$6,254,549
99$15,309,388$0$0$6,816,423
100$16,681,526$0$0$7,433,211