Can I retire at age 63 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$99,095$98,212$97,351$96,510$95,690$93,452
2 years$49,057$48,143$47,258$46,399$45,567$43,325
3 years$32,380$31,462$30,579$29,728$28,909$26,734
4 years$24,043$23,128$22,254$21,418$20,618$18,526
5 years$19,042$18,133$17,270$16,451$15,674$13,670
6 years$15,709$14,807$13,956$13,156$12,402$10,489
7 years$13,329$12,435$11,598$10,816$10,086$8,264
8 years$11,546$10,659$9,836$9,073$8,367$6,635
9 years$10,159$9,280$8,472$7,729$7,047$5,403
10 years$9,050$8,180$7,386$6,662$6,004$4,448
11 years$8,143$7,282$6,502$5,798$5,164$3,692
12 years$7,388$6,536$5,771$5,086$4,475$3,086
13 years$6,750$5,907$5,156$4,490$3,902$2,593
14 years$6,204$5,369$4,632$3,986$3,421$2,189
15 years$5,730$4,905$4,182$3,554$3,012$1,854
16 years$5,316$4,500$3,792$3,183$2,662$1,576
17 years$4,952$4,144$3,451$2,860$2,360$1,342
18 years$4,628$3,830$3,150$2,577$2,098$1,146
19 years$4,339$3,549$2,884$2,329$1,870$980
20 years$4,078$3,298$2,646$2,109$1,671$839
21 years$3,843$3,072$2,434$1,914$1,495$720
22 years$3,630$2,868$2,244$1,740$1,340$618
23 years$3,435$2,682$2,071$1,585$1,203$531
24 years$3,257$2,513$1,916$1,446$1,081$457
25 years$3,094$2,358$1,774$1,320$973$393
26 years$2,943$2,216$1,646$1,207$876$339
27 years$2,804$2,086$1,528$1,105$790$292
28 years$2,675$1,966$1,421$1,012$713$251
29 years$2,555$1,854$1,322$928$644$217
30 years$2,443$1,751$1,231$852$582$187
31 years$2,338$1,655$1,148$782$526$161
32 years$2,241$1,566$1,071$719$476$139
33 years$2,149$1,483$1,000$661$431$120
34 years$2,063$1,406$934$608$390$104
35 years$1,982$1,333$874$560$353$90
36 years$1,906$1,266$817$516$320$77
37 years$1,834$1,202$765$475$290$67
38 years$1,766$1,142$716$438$263$58
39 years$1,702$1,086$671$404$238$50
40 years$1,641$1,034$629$373$216$43
41 years$1,583$984$590$344$196$37
42 years$1,528$937$553$317$178$32
43 years$1,476$893$519$293$162$28
44 years$1,426$851$487$270$147$24
45 years$1,378$811$458$250$133$21
46 years$1,333$774$430$231$121$18
47 years$1,290$739$404$213$110$15
48 years$1,249$705$379$197$100$13
49 years$1,209$673$357$182$91$12
50 years$1,172$643$335$168$82$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,200,000, adding $4,829 every year, while hoping to spend $46,560 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: 35/37/28 Blend
62$1,200,000$1,200,000$1,200,000$1,200,000
63$1,327,381$1,263,781$1,245,181$1,362,498
64$1,413,235$1,276,167$1,237,355$1,401,600
65$1,506,284$1,287,599$1,227,707$1,439,234
66$1,607,216$1,297,982$1,216,125$1,478,943
67$1,716,782$1,307,213$1,202,495$1,520,946
68$1,835,811$1,315,184$1,186,696$1,565,486
69$1,965,215$1,321,779$1,168,601$1,612,832
70$2,105,995$1,326,874$1,148,078$1,663,285
71$2,259,255$1,330,340$1,124,988$1,717,179
72$2,426,209$1,332,037$1,099,185$1,774,888
73$2,608,193$1,331,816$1,070,517$1,836,824
74$2,806,675$1,329,523$1,038,827$1,903,448
75$3,023,276$1,324,988$1,003,947$1,975,272
76$3,259,774$1,318,037$965,703$2,052,863
77$3,518,131$1,308,481$923,915$2,136,853
78$3,800,505$1,296,122$878,391$2,227,941
79$4,109,273$1,280,747$828,932$2,326,906
80$4,447,049$1,262,135$775,333$2,434,608
81$4,816,716$1,240,047$717,374$2,552,006
82$5,221,445$1,214,234$654,830$2,680,159
83$5,664,730$1,184,428$587,464$2,820,243
84$6,150,416$1,150,349$515,028$2,973,562
85$6,682,740$1,111,698$437,263$3,141,558
86$7,266,369$1,068,160$353,901$3,325,831
87$7,906,440$1,019,402$264,658$3,528,152
88$8,608,614$965,070$169,241$3,750,482
89$9,379,125$904,790$67,343$3,994,992
90$10,224,840$838,169$0$4,264,085
91$11,153,322$764,788$0$4,572,788
92$12,172,905$684,206$0$4,933,949
93$13,292,766$595,957$0$5,330,786
94$14,523,016$499,547$0$5,767,007
95$15,874,796$394,457$0$6,246,705
96$17,360,376$280,136$0$6,774,399
97$18,993,275$156,003$0$7,355,076
98$20,788,387$21,446$0$7,994,243
99$22,762,121$0$0$8,697,976
100$24,932,556$0$0$9,523,542