Can I retire at age 63 with 1,180,000?

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 $1,180,000?

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$97,443$96,575$95,728$94,902$94,095$90,937
2 years$48,239$47,341$46,470$45,626$44,807$41,657
3 years$31,840$30,938$30,069$29,233$28,427$25,384
4 years$23,642$22,743$21,883$21,061$20,275$17,361
5 years$18,725$17,830$16,982$16,177$15,413$12,636
6 years$15,447$14,560$13,724$12,937$12,195$9,559
7 years$13,107$12,227$11,405$10,636$9,918$7,421
8 years$11,353$10,481$9,672$8,922$8,228$5,868
9 years$9,989$9,126$8,331$7,600$6,929$4,704
10 years$8,899$8,044$7,263$6,551$5,904$3,809
11 years$8,008$7,161$6,394$5,701$5,078$3,110
12 years$7,265$6,427$5,675$5,001$4,400$2,555
13 years$6,638$5,808$5,070$4,415$3,837$2,110
14 years$6,100$5,280$4,555$3,919$3,364$1,749
15 years$5,635$4,823$4,113$3,495$2,962$1,455
16 years$5,228$4,425$3,729$3,130$2,617$1,213
17 years$4,869$4,075$3,393$2,812$2,321$1,014
18 years$4,551$3,766$3,097$2,534$2,064$849
19 years$4,266$3,490$2,836$2,290$1,839$712
20 years$4,010$3,243$2,602$2,074$1,643$598
21 years$3,779$3,021$2,394$1,882$1,470$503
22 years$3,569$2,820$2,206$1,711$1,318$423
23 years$3,378$2,637$2,037$1,558$1,183$356
24 years$3,203$2,471$1,884$1,421$1,063$300
25 years$3,042$2,319$1,745$1,298$957$253
26 years$2,894$2,179$1,618$1,187$862$213
27 years$2,757$2,051$1,503$1,086$777$180
28 years$2,630$1,933$1,397$995$701$152
29 years$2,512$1,823$1,300$913$633$128
30 years$2,402$1,722$1,211$838$572$108
31 years$2,299$1,628$1,129$769$517$91
32 years$2,203$1,540$1,053$707$468$77
33 years$2,113$1,459$983$650$423$65
34 years$2,029$1,382$919$598$383$55
35 years$1,949$1,311$859$551$347$47
36 years$1,874$1,245$804$507$315$39
37 years$1,803$1,182$752$467$285$33
38 years$1,736$1,123$704$431$258$28
39 years$1,673$1,068$660$397$234$24
40 years$1,613$1,016$619$366$213$20
41 years$1,556$967$580$338$193$17
42 years$1,502$921$544$312$175$14
43 years$1,451$878$511$288$159$12
44 years$1,402$837$479$266$144$10
45 years$1,355$798$450$246$131$9
46 years$1,311$761$423$227$119$7
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,180,000, adding $3,319 every year, while hoping to spend $40,317 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: 33/49/18 Blend
62$1,180,000$1,180,000$1,180,000$1,180,000
63$1,303,784$1,241,244$1,222,954$1,339,433
64$1,393,872$1,259,168$1,221,026$1,384,000
65$1,491,799$1,276,618$1,217,682$1,428,046
66$1,598,321$1,293,531$1,212,832$1,474,664
67$1,714,270$1,309,834$1,206,382$1,524,101
68$1,840,562$1,325,453$1,198,233$1,576,636
69$1,978,207$1,340,308$1,188,281$1,632,573
70$2,128,314$1,354,312$1,176,418$1,692,253
71$2,292,104$1,367,376$1,162,530$1,756,052
72$2,470,922$1,379,400$1,146,498$1,824,386
73$2,666,247$1,390,282$1,128,197$1,897,717
74$2,879,709$1,399,911$1,107,497$1,976,557
75$3,113,102$1,408,169$1,084,260$2,061,472
76$3,368,400$1,414,931$1,058,345$2,153,089
77$3,647,778$1,420,064$1,029,600$2,252,104
78$3,953,630$1,423,426$997,871$2,359,284
79$4,288,593$1,424,867$962,993$2,475,482
80$4,655,571$1,424,226$924,794$2,601,639
81$5,057,761$1,421,335$883,097$2,738,798
82$5,498,686$1,416,013$837,713$2,888,112
83$5,982,223$1,408,069$788,447$3,050,857
84$6,512,645$1,397,300$735,096$3,228,445
85$7,094,657$1,383,490$677,444$3,422,437
86$7,733,443$1,366,412$615,269$3,634,558
87$8,434,711$1,345,823$548,338$3,866,718
88$9,204,752$1,321,469$476,407$4,121,026
89$10,050,492$1,293,076$399,223$4,399,817
90$10,979,564$1,260,358$316,518$4,705,667
91$12,000,374$1,223,011$228,016$5,041,427
92$13,122,185$1,180,711$133,428$5,410,245
93$14,355,201$1,133,119$32,451$5,815,601
94$15,710,663$1,079,873$0$6,261,339
95$17,200,956$1,020,592$0$6,766,169
96$18,839,724$954,872$0$7,327,911
97$20,642,002$882,287$0$7,945,571
98$22,624,351$802,384$0$8,624,942
99$24,805,022$714,687$0$9,372,413
100$27,204,120$618,693$0$10,195,037