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

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$94,140$93,302$92,483$91,685$90,905$88,349
2 years$46,604$45,736$44,895$44,079$43,288$40,733
3 years$30,761$29,889$29,050$28,242$27,464$24,989
4 years$22,841$21,972$21,141$20,347$19,587$17,212
5 years$18,090$17,226$16,406$15,628$14,890$12,620
6 years$14,924$14,066$13,259$12,498$11,782$9,620
7 years$12,663$11,813$11,018$10,275$9,582$7,528
8 years$10,968$10,126$9,344$8,620$7,949$6,002
9 years$9,651$8,816$8,048$7,342$6,694$4,853
10 years$8,597$7,771$7,017$6,329$5,704$3,965
11 years$7,736$6,918$6,177$5,508$4,906$3,266
12 years$7,019$6,209$5,482$4,831$4,251$2,708
13 years$6,413$5,612$4,898$4,265$3,707$2,258
14 years$5,893$5,101$4,401$3,786$3,250$1,890
15 years$5,444$4,660$3,973$3,377$2,861$1,588
16 years$5,051$4,275$3,602$3,023$2,529$1,338
17 years$4,704$3,937$3,278$2,717$2,242$1,130
18 years$4,397$3,638$2,992$2,448$1,994$956
19 years$4,122$3,372$2,739$2,212$1,777$810
20 years$3,874$3,133$2,514$2,004$1,587$688
21 years$3,651$2,918$2,313$1,818$1,420$584
22 years$3,448$2,724$2,131$1,653$1,273$497
23 years$3,264$2,548$1,968$1,506$1,143$423
24 years$3,094$2,387$1,820$1,373$1,027$360
25 years$2,939$2,240$1,686$1,254$924$307
26 years$2,796$2,106$1,563$1,147$833$262
27 years$2,664$1,982$1,452$1,050$751$224
28 years$2,541$1,867$1,350$962$677$191
29 years$2,427$1,762$1,256$882$612$163
30 years$2,321$1,664$1,170$809$553$139
31 years$2,221$1,573$1,091$743$500$119
32 years$2,129$1,488$1,018$683$452$102
33 years$2,042$1,409$950$628$409$87
34 years$1,960$1,336$888$578$370$74
35 years$1,883$1,267$830$532$335$63
36 years$1,811$1,202$776$490$304$54
37 years$1,742$1,142$727$451$275$46
38 years$1,678$1,085$681$416$250$40
39 years$1,616$1,032$638$384$226$34
40 years$1,559$982$598$354$205$29
41 years$1,504$935$560$327$186$25
42 years$1,451$890$526$301$169$21
43 years$1,402$848$493$278$153$18
44 years$1,354$808$463$257$139$16
45 years$1,309$771$435$237$126$13
46 years$1,267$735$408$219$115$11
47 years$1,226$702$384$202$104$10
48 years$1,186$670$360$187$95$8
49 years$1,149$640$339$173$86$7
50 years$1,113$611$319$160$78$6

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 $2,867 every year, while hoping to spend $41,937 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: 47/40/13 Blend
62$1,140,000$1,140,000$1,140,000$1,140,000
63$1,259,237$1,198,817$1,181,147$1,313,714
64$1,343,059$1,212,939$1,176,095$1,365,795
65$1,434,025$1,226,347$1,169,468$1,417,747
66$1,532,819$1,238,961$1,161,169$1,473,199
67$1,640,195$1,250,699$1,151,097$1,532,492
68$1,756,981$1,261,469$1,139,145$1,596,005
69$1,884,088$1,271,176$1,125,201$1,664,152
70$2,022,518$1,279,717$1,109,148$1,737,396
71$2,173,375$1,286,983$1,090,865$1,816,245
72$2,337,874$1,292,860$1,070,223$1,901,263
73$2,517,349$1,297,222$1,047,088$1,993,073
74$2,713,274$1,299,941$1,021,320$2,092,362
75$2,927,265$1,300,876$992,772$2,199,891
76$3,161,107$1,299,880$961,291$2,316,502
77$3,416,762$1,296,795$926,716$2,443,123
78$3,696,390$1,291,456$888,879$2,580,781
79$4,002,370$1,283,686$847,605$2,730,610
80$4,337,322$1,273,297$802,710$2,893,865
81$4,704,130$1,260,090$754,002$3,071,930
82$5,105,972$1,243,855$701,281$3,266,335
83$5,546,345$1,224,367$644,338$3,478,771
84$6,029,102$1,201,392$582,954$3,711,105
85$6,558,487$1,174,676$516,899$3,965,398
86$7,139,173$1,143,956$445,936$4,243,928
87$7,776,309$1,108,950$369,815$4,549,210
88$8,475,564$1,069,360$288,275$4,884,021
89$9,243,184$1,024,871$201,045$5,251,428
90$10,086,049$975,151$107,841$5,654,816
91$11,011,739$919,846$8,366$6,097,923
92$12,028,602$858,584$0$6,584,876
93$13,145,835$790,970$0$7,133,794
94$14,373,571$716,589$0$7,738,262
95$15,722,973$634,999$0$8,402,713
96$17,206,337$545,734$0$9,133,321
97$18,837,212$448,304$0$9,936,898
98$20,630,525$342,189$0$10,820,957
99$22,602,722$226,839$0$11,793,783
100$24,771,920$101,675$0$12,864,519