Can I retire at age 63 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$95,792$94,938$94,106$93,293$92,500$89,647
2 years$47,422$46,538$45,683$44,853$44,048$41,198
3 years$31,300$30,413$29,560$28,738$27,946$25,189
4 years$23,241$22,357$21,512$20,704$19,931$17,288
5 years$18,407$17,528$16,694$15,902$15,151$12,630
6 years$15,185$14,313$13,491$12,717$11,989$9,591
7 years$12,885$12,020$11,211$10,456$9,750$7,475
8 years$11,161$10,303$9,508$8,771$8,089$5,936
9 years$9,820$8,971$8,189$7,471$6,812$4,778
10 years$8,748$7,908$7,140$6,440$5,804$3,887
11 years$7,872$7,040$6,286$5,605$4,992$3,188
12 years$7,142$6,318$5,578$4,916$4,326$2,631
13 years$6,525$5,710$4,984$4,340$3,772$2,183
14 years$5,997$5,190$4,478$3,853$3,307$1,819
15 years$5,539$4,741$4,043$3,436$2,911$1,520
16 years$5,139$4,350$3,666$3,077$2,573$1,274
17 years$4,787$4,006$3,336$2,764$2,281$1,071
18 years$4,474$3,702$3,045$2,491$2,029$901
19 years$4,194$3,431$2,788$2,251$1,808$760
20 years$3,942$3,188$2,558$2,039$1,615$642
21 years$3,715$2,970$2,353$1,850$1,445$542
22 years$3,509$2,772$2,169$1,682$1,295$459
23 years$3,321$2,593$2,002$1,532$1,163$388
24 years$3,149$2,429$1,852$1,397$1,045$329
25 years$2,991$2,280$1,715$1,276$941$279
26 years$2,845$2,143$1,591$1,167$847$237
27 years$2,710$2,016$1,477$1,068$764$201
28 years$2,585$1,900$1,373$979$689$170
29 years$2,469$1,792$1,278$897$622$145
30 years$2,361$1,693$1,190$824$562$123
31 years$2,260$1,600$1,110$756$508$104
32 years$2,166$1,514$1,035$695$460$89
33 years$2,077$1,434$967$639$416$75
34 years$1,994$1,359$903$588$377$64
35 years$1,916$1,289$844$541$341$54
36 years$1,842$1,223$790$499$309$46
37 years$1,773$1,162$739$459$280$39
38 years$1,707$1,104$692$423$254$33
39 years$1,645$1,050$649$390$230$28
40 years$1,586$999$608$360$209$24
41 years$1,530$951$570$332$190$21
42 years$1,477$906$535$307$172$17
43 years$1,426$863$502$283$156$15
44 years$1,378$823$471$261$142$13
45 years$1,332$784$442$241$129$11
46 years$1,289$748$415$223$117$9
47 years$1,247$714$390$206$106$8
48 years$1,207$682$367$190$96$7
49 years$1,169$651$345$176$87$6
50 years$1,133$622$324$163$79$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,160,000, adding $2,882 every year, while hoping to spend $26,966 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: 44/31/25 Blend
62$1,160,000$1,160,000$1,160,000$1,160,000
63$1,281,293$1,219,813$1,201,833$1,328,264
64$1,383,293$1,250,892$1,213,403$1,392,985
65$1,494,794$1,282,590$1,224,456$1,460,276
66$1,616,735$1,314,910$1,234,948$1,532,687
67$1,750,152$1,347,851$1,244,829$1,610,710
68$1,896,187$1,381,414$1,254,050$1,694,884
69$2,056,094$1,415,599$1,262,556$1,785,804
70$2,231,255$1,450,404$1,270,292$1,884,125
71$2,423,195$1,485,825$1,277,198$1,990,570
72$2,633,590$1,521,860$1,283,213$2,105,936
73$2,864,286$1,558,501$1,288,271$2,231,097
74$3,117,319$1,595,743$1,292,304$2,367,022
75$3,394,929$1,633,578$1,295,240$2,514,776
76$3,699,584$1,671,995$1,297,002$2,675,532
77$4,034,002$1,710,984$1,297,512$2,850,585
78$4,401,178$1,750,530$1,296,687$3,041,361
79$4,804,411$1,790,619$1,294,439$3,249,432
80$5,247,335$1,831,233$1,290,676$3,476,530
81$5,733,952$1,872,353$1,285,303$3,724,567
82$6,268,673$1,913,956$1,278,219$3,995,646
83$6,856,357$1,956,018$1,269,318$4,292,088
84$7,502,354$1,998,513$1,258,490$4,616,452
85$8,212,563$2,041,409$1,245,618$4,971,556
86$8,993,480$2,084,673$1,230,581$5,360,510
87$9,852,262$2,128,269$1,213,253$5,786,739
88$10,796,796$2,172,157$1,193,500$6,254,019
89$11,835,769$2,216,293$1,171,182$6,766,513
90$12,978,756$2,260,629$1,146,155$7,328,809
91$14,236,303$2,305,114$1,118,265$7,945,967
92$15,620,031$2,349,690$1,087,352$8,623,561
93$17,142,746$2,394,297$1,053,250$9,367,737
94$18,818,556$2,438,867$1,015,784$10,185,269
95$20,663,008$2,483,330$974,772$11,083,626
96$22,693,229$2,527,608$930,021$12,071,038
97$24,928,095$2,571,618$881,333$13,156,578
98$27,388,402$2,615,268$828,500$14,350,248
99$30,097,066$2,658,464$771,301$15,663,071
100$33,079,338$2,701,099$709,511$17,107,198