Can I retire at age 63 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$94,966$94,120$93,295$92,489$91,703$89,413
2 years$47,013$46,137$45,289$44,466$43,668$41,376
3 years$31,031$30,151$29,305$28,490$27,705$25,482
4 years$23,041$22,164$21,326$20,525$19,759$17,622
5 years$18,248$17,377$16,550$15,765$15,021$12,976
6 years$15,055$14,190$13,375$12,608$11,885$9,935
7 years$12,774$11,916$11,115$10,365$9,666$7,810
8 years$11,064$10,215$9,426$8,695$8,019$6,256
9 years$9,735$8,894$8,119$7,407$6,753$5,082
10 years$8,673$7,839$7,078$6,384$5,754$4,173
11 years$7,804$6,979$6,231$5,556$4,949$3,455
12 years$7,081$6,264$5,530$4,874$4,288$2,880
13 years$6,469$5,661$4,941$4,303$3,739$2,414
14 years$5,945$5,145$4,439$3,820$3,278$2,032
15 years$5,491$4,700$4,008$3,406$2,886$1,717
16 years$5,095$4,313$3,634$3,050$2,551$1,455
17 years$4,745$3,972$3,307$2,740$2,262$1,235
18 years$4,435$3,670$3,019$2,470$2,011$1,052
19 years$4,158$3,401$2,763$2,232$1,792$897
20 years$3,908$3,161$2,536$2,021$1,601$766
21 years$3,683$2,944$2,333$1,834$1,433$655
22 years$3,479$2,748$2,150$1,668$1,284$560
23 years$3,292$2,570$1,985$1,519$1,153$480
24 years$3,122$2,408$1,836$1,385$1,036$412
25 years$2,965$2,260$1,700$1,265$932$353
26 years$2,820$2,124$1,577$1,157$840$303
27 years$2,687$1,999$1,464$1,059$757$260
28 years$2,563$1,884$1,361$970$683$224
29 years$2,448$1,777$1,267$890$617$192
30 years$2,341$1,678$1,180$816$557$165
31 years$2,241$1,586$1,100$750$504$142
32 years$2,147$1,501$1,026$689$456$122
33 years$2,059$1,422$958$634$413$105
34 years$1,977$1,347$895$583$374$91
35 years$1,900$1,278$837$537$338$78
36 years$1,826$1,213$783$494$307$67
37 years$1,758$1,152$733$455$278$58
38 years$1,692$1,095$686$420$252$50
39 years$1,631$1,041$643$387$228$43
40 years$1,572$990$603$357$207$37
41 years$1,517$943$565$329$188$32
42 years$1,464$898$530$304$171$27
43 years$1,414$856$498$281$155$24
44 years$1,366$816$467$259$141$20
45 years$1,321$778$439$239$128$17
46 years$1,278$742$412$221$116$15
47 years$1,236$708$387$204$105$13
48 years$1,197$676$364$189$96$11
49 years$1,159$645$342$174$87$10
50 years$1,123$617$321$161$79$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,150,000, adding $3,200 every year, while hoping to spend $57,394 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: 77/7/16 Blend
62$1,150,000$1,150,000$1,150,000$1,150,000
63$1,270,601$1,209,651$1,191,826$1,363,772
64$1,339,135$1,207,857$1,170,685$1,423,920
65$1,412,737$1,204,052$1,146,913$1,482,332
66$1,491,861$1,198,075$1,120,360$1,544,816
67$1,577,010$1,189,760$1,090,871$1,611,759
68$1,668,732$1,178,926$1,058,282$1,683,590
69$1,767,633$1,165,383$1,022,425$1,760,777
70$1,874,375$1,148,930$983,119$1,843,841
71$1,989,688$1,129,355$940,181$1,933,353
72$2,114,373$1,106,429$893,413$2,029,945
73$2,249,310$1,079,916$842,614$2,134,313
74$2,395,468$1,049,560$787,570$2,247,224
75$2,553,911$1,015,094$728,059$2,369,527
76$2,725,810$976,233$663,848$2,502,155
77$2,912,451$932,677$594,696$2,646,138
78$3,115,251$884,108$520,348$2,802,612
79$3,335,767$830,190$440,540$2,972,832
80$3,575,712$770,566$354,995$3,158,179
81$3,836,973$704,862$263,425$3,360,178
82$4,121,623$632,679$165,529$3,580,511
83$4,431,945$553,597$60,991$3,821,032
84$4,770,453$467,172$0$4,083,787
85$5,139,912$372,936$0$4,379,666
86$5,543,366$270,393$0$4,714,195
87$5,984,166$159,020$0$5,079,757
88$6,466,003$38,263$0$5,479,441
89$6,992,937$0$0$5,916,651
90$7,569,442$0$0$6,402,259
91$8,200,443$0$0$6,937,035
92$8,891,361$0$0$7,522,634
93$9,648,169$0$0$8,164,121
94$10,477,442$0$0$8,867,077
95$11,386,424$0$0$9,637,646
96$12,383,092$0$0$10,482,596
97$13,476,229$0$0$11,409,381
98$14,675,514$0$0$12,426,211
99$15,991,604$0$0$13,542,130
100$17,436,240$0$0$14,767,098