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%18.3%
1 years$95,792$94,938$94,106$93,293$92,500$89,396
2 years$47,422$46,538$45,683$44,853$44,048$40,951
3 years$31,300$30,413$29,560$28,738$27,946$24,954
4 years$23,241$22,357$21,512$20,704$19,931$17,067
5 years$18,407$17,528$16,694$15,902$15,151$12,422
6 years$15,185$14,313$13,491$12,717$11,989$9,397
7 years$12,885$12,020$11,211$10,456$9,750$7,295
8 years$11,161$10,303$9,508$8,771$8,089$5,769
9 years$9,820$8,971$8,189$7,471$6,812$4,624
10 years$8,748$7,908$7,140$6,440$5,804$3,745
11 years$7,872$7,040$6,286$5,605$4,992$3,057
12 years$7,142$6,318$5,578$4,916$4,326$2,512
13 years$6,525$5,710$4,984$4,340$3,772$2,074
14 years$5,997$5,190$4,478$3,853$3,307$1,719
15 years$5,539$4,741$4,043$3,436$2,911$1,430
16 years$5,139$4,350$3,666$3,077$2,573$1,193
17 years$4,787$4,006$3,336$2,764$2,281$997
18 years$4,474$3,702$3,045$2,491$2,029$835
19 years$4,194$3,431$2,788$2,251$1,808$700
20 years$3,942$3,188$2,558$2,039$1,615$588
21 years$3,715$2,970$2,353$1,850$1,445$494
22 years$3,509$2,772$2,169$1,682$1,295$416
23 years$3,321$2,593$2,002$1,532$1,163$350
24 years$3,149$2,429$1,852$1,397$1,045$295
25 years$2,991$2,280$1,715$1,276$941$249
26 years$2,845$2,143$1,591$1,167$847$210
27 years$2,710$2,016$1,477$1,068$764$177
28 years$2,585$1,900$1,373$979$689$149
29 years$2,469$1,792$1,278$897$622$126
30 years$2,361$1,693$1,190$824$562$106
31 years$2,260$1,600$1,110$756$508$90
32 years$2,166$1,514$1,035$695$460$76
33 years$2,077$1,434$967$639$416$64
34 years$1,994$1,359$903$588$377$54
35 years$1,916$1,289$844$541$341$46
36 years$1,842$1,223$790$499$309$39
37 years$1,773$1,162$739$459$280$33
38 years$1,707$1,104$692$423$254$28
39 years$1,645$1,050$649$390$230$23
40 years$1,586$999$608$360$209$20
41 years$1,530$951$570$332$190$17
42 years$1,477$906$535$307$172$14
43 years$1,426$863$502$283$156$12
44 years$1,378$823$471$261$142$10
45 years$1,332$784$442$241$129$9
46 years$1,289$748$415$223$117$7
47 years$1,247$714$390$206$106$6
48 years$1,207$682$367$190$96$5
49 years$1,169$651$345$176$87$4
50 years$1,133$622$324$163$79$4

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 $4,990 every year, while hoping to spend $44,375 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: 62/20/18 Blend
62$1,160,000$1,160,000$1,160,000$1,160,000
63$1,283,467$1,221,987$1,204,007$1,356,863
64$1,367,166$1,234,650$1,197,127$1,419,567
65$1,457,915$1,246,446$1,188,529$1,482,563
66$1,556,387$1,257,286$1,178,108$1,550,300
67$1,663,320$1,267,074$1,165,756$1,623,242
68$1,779,527$1,275,710$1,151,359$1,701,902
69$1,905,905$1,283,085$1,134,795$1,786,847
70$2,043,436$1,289,085$1,115,939$1,878,702
71$2,193,204$1,293,588$1,094,660$1,978,157
72$2,356,400$1,296,463$1,070,821$2,085,974
73$2,534,336$1,297,573$1,044,277$2,202,993
74$2,728,456$1,296,772$1,014,878$2,330,141
75$2,940,347$1,293,903$982,465$2,468,443
76$3,171,760$1,288,801$946,875$2,619,028
77$3,424,619$1,281,292$907,935$2,783,142
78$3,701,044$1,271,189$865,464$2,962,162
79$4,003,368$1,258,295$819,275$3,157,606
80$4,334,161$1,242,401$769,170$3,371,149
81$4,696,252$1,223,286$714,944$3,604,639
82$5,092,757$1,200,713$656,382$3,860,116
83$5,527,106$1,174,436$593,258$4,139,830
84$6,003,078$1,144,190$525,339$4,446,264
85$6,524,833$1,109,697$452,379$4,782,158
86$7,096,954$1,070,660$374,122$5,150,532
87$7,724,490$1,026,769$290,302$5,554,720
88$8,412,999$977,691$200,638$5,998,400
89$9,168,605$923,079$104,839$6,485,629
90$9,998,053$862,560$2,602$7,020,881
91$10,908,774$795,746$0$7,609,091
92$11,908,953$722,221$0$8,276,160
93$13,007,606$641,549$0$9,009,500
94$14,214,665$553,269$0$9,815,299
95$15,541,073$456,891$0$10,700,930
96$16,998,885$351,901$0$11,674,523
97$18,601,382$237,755$0$12,745,036
98$20,363,194$113,876$0$13,922,344
99$22,300,443$0$0$15,217,334
100$24,430,886$0$0$16,646,482