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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$97,443$96,575$95,728$94,902$94,095$91,560
2 years$48,239$47,341$46,470$45,626$44,807$42,272
3 years$31,840$30,938$30,069$29,233$28,427$25,970
4 years$23,642$22,743$21,883$21,061$20,275$17,915
5 years$18,725$17,830$16,982$16,177$15,413$13,157
6 years$15,447$14,560$13,724$12,937$12,195$10,046
7 years$13,107$12,227$11,405$10,636$9,918$7,875
8 years$11,353$10,481$9,672$8,922$8,228$6,290
9 years$9,989$9,126$8,331$7,600$6,929$5,094
10 years$8,899$8,044$7,263$6,551$5,904$4,170
11 years$8,008$7,161$6,394$5,701$5,078$3,442
12 years$7,265$6,427$5,675$5,001$4,400$2,860
13 years$6,638$5,808$5,070$4,415$3,837$2,388
14 years$6,100$5,280$4,555$3,919$3,364$2,004
15 years$5,635$4,823$4,113$3,495$2,962$1,687
16 years$5,228$4,425$3,729$3,130$2,617$1,424
17 years$4,869$4,075$3,393$2,812$2,321$1,205
18 years$4,551$3,766$3,097$2,534$2,064$1,022
19 years$4,266$3,490$2,836$2,290$1,839$868
20 years$4,010$3,243$2,602$2,074$1,643$739
21 years$3,779$3,021$2,394$1,882$1,470$629
22 years$3,569$2,820$2,206$1,711$1,318$536
23 years$3,378$2,637$2,037$1,558$1,183$458
24 years$3,203$2,471$1,884$1,421$1,063$391
25 years$3,042$2,319$1,745$1,298$957$334
26 years$2,894$2,179$1,618$1,187$862$286
27 years$2,757$2,051$1,503$1,086$777$244
28 years$2,630$1,933$1,397$995$701$209
29 years$2,512$1,823$1,300$913$633$179
30 years$2,402$1,722$1,211$838$572$153
31 years$2,299$1,628$1,129$769$517$131
32 years$2,203$1,540$1,053$707$468$112
33 years$2,113$1,459$983$650$423$96
34 years$2,029$1,382$919$598$383$82
35 years$1,949$1,311$859$551$347$71
36 years$1,874$1,245$804$507$315$61
37 years$1,803$1,182$752$467$285$52
38 years$1,736$1,123$704$431$258$45
39 years$1,673$1,068$660$397$234$38
40 years$1,613$1,016$619$366$213$33
41 years$1,556$967$580$338$193$28
42 years$1,502$921$544$312$175$24
43 years$1,451$878$511$288$159$21
44 years$1,402$837$479$266$144$18
45 years$1,355$798$450$246$131$15
46 years$1,311$761$423$227$119$13
47 years$1,269$726$397$210$108$11
48 years$1,228$693$373$194$98$10
49 years$1,189$662$351$179$89$8
50 years$1,152$633$330$165$81$7

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 $5,525 every year, while hoping to spend $49,575 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: 52/40/8 Blend
62$1,180,000$1,180,000$1,180,000$1,180,000
63$1,306,059$1,243,519$1,225,229$1,371,077
64$1,386,530$1,251,704$1,213,527$1,424,059
65$1,473,547$1,258,629$1,199,771$1,475,817
66$1,567,726$1,264,179$1,183,840$1,530,926
67$1,669,743$1,268,233$1,165,608$1,589,713
68$1,780,342$1,270,662$1,144,942$1,652,539
69$1,900,342$1,271,329$1,121,702$1,719,803
70$2,030,641$1,270,088$1,095,744$1,791,950
71$2,172,230$1,266,786$1,066,914$1,869,467
72$2,326,196$1,261,257$1,035,055$1,952,897
73$2,493,737$1,253,328$999,998$2,042,840
74$2,676,171$1,242,814$961,571$2,139,958
75$2,874,948$1,229,519$919,591$2,244,986
76$3,091,663$1,213,235$873,867$2,358,735
77$3,328,071$1,193,743$824,201$2,482,103
78$3,586,107$1,170,809$770,384$2,616,083
79$3,867,898$1,144,186$712,200$2,761,772
80$4,175,785$1,113,613$649,420$2,920,384
81$4,512,348$1,078,813$581,808$3,093,261
82$4,880,426$1,039,493$509,117$3,281,887
83$5,283,143$995,342$431,086$3,487,902
84$5,723,942$946,032$347,446$3,713,117
85$6,206,614$891,217$257,915$3,959,537
86$6,735,331$830,529$162,198$4,229,375
87$7,314,690$763,580$59,986$4,525,075
88$7,949,752$689,960$0$4,849,342
89$8,646,093$609,234$0$5,209,349
90$9,409,854$520,946$0$5,609,942
91$10,247,796$424,610$0$6,049,666
92$11,167,370$319,714$0$6,532,577
93$12,176,781$205,719$0$7,063,148
94$13,285,068$82,054$0$7,646,321
95$14,502,186$0$0$8,287,547
96$15,839,106$0$0$9,015,683
97$17,307,908$0$0$9,855,452
98$18,921,904$0$0$10,778,362
99$20,695,759$0$0$11,792,815
100$22,645,627$0$0$12,908,067