Can I retire at age 63 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$104,050$103,123$102,219$101,336$100,474$97,336
2 years$51,510$50,550$49,621$48,719$47,845$44,711
3 years$33,999$33,035$32,108$31,215$30,355$27,324
4 years$25,245$24,284$23,366$22,489$21,649$18,744
5 years$19,994$19,039$18,133$17,273$16,457$13,686
6 years$16,495$15,547$14,654$13,814$13,022$10,387
7 years$13,996$13,056$12,178$11,357$10,591$8,091
8 years$12,123$11,192$10,328$9,527$8,786$6,421
9 years$10,667$9,744$8,895$8,115$7,399$5,166
10 years$9,502$8,589$7,755$6,995$6,304$4,200
11 years$8,551$7,646$6,827$6,088$5,422$3,442
12 years$7,758$6,863$6,059$5,340$4,699$2,839
13 years$7,088$6,202$5,414$4,714$4,097$2,354
14 years$6,514$5,638$4,864$4,185$3,592$1,960
15 years$6,017$5,150$4,392$3,732$3,162$1,637
16 years$5,582$4,725$3,982$3,342$2,795$1,371
17 years$5,199$4,352$3,623$3,003$2,478$1,151
18 years$4,859$4,021$3,307$2,706$2,203$968
19 years$4,555$3,727$3,028$2,445$1,964$816
20 years$4,282$3,463$2,779$2,214$1,754$688
21 years$4,036$3,226$2,556$2,010$1,570$581
22 years$3,811$3,011$2,356$1,827$1,407$491
23 years$3,607$2,816$2,175$1,664$1,263$416
24 years$3,420$2,639$2,012$1,518$1,135$352
25 years$3,248$2,476$1,863$1,386$1,022$298
26 years$3,090$2,327$1,728$1,267$920$253
27 years$2,944$2,190$1,605$1,160$830$214
28 years$2,808$2,064$1,492$1,063$749$182
29 years$2,682$1,947$1,388$975$676$154
30 years$2,565$1,839$1,293$895$611$131
31 years$2,455$1,738$1,205$822$552$111
32 years$2,353$1,645$1,125$755$500$94
33 years$2,256$1,558$1,050$694$452$80
34 years$2,166$1,476$981$639$409$68
35 years$2,081$1,400$917$588$371$58
36 years$2,001$1,329$858$542$336$49
37 years$1,926$1,262$803$499$304$42
38 years$1,854$1,200$752$460$276$35
39 years$1,787$1,141$705$424$250$30
40 years$1,723$1,085$660$391$227$25
41 years$1,662$1,033$619$361$206$22
42 years$1,604$984$581$333$187$18
43 years$1,549$937$545$307$170$16
44 years$1,497$894$512$284$154$13
45 years$1,447$852$480$262$140$11
46 years$1,400$813$451$242$127$10
47 years$1,355$776$424$224$115$8
48 years$1,311$740$398$207$105$7
49 years$1,270$707$374$191$95$6
50 years$1,230$675$352$177$86$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,260,000, adding $5,245 every year, while hoping to spend $50,779 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: 33/37/30 Blend
62$1,260,000$1,260,000$1,260,000$1,260,000
63$1,393,930$1,327,150$1,307,620$1,427,117
64$1,482,083$1,338,152$1,297,397$1,463,950
65$1,577,525$1,347,991$1,285,129$1,498,779
66$1,680,946$1,356,557$1,270,695$1,535,347
67$1,793,106$1,363,732$1,253,967$1,573,846
68$1,914,839$1,369,390$1,234,810$1,614,487
69$2,047,061$1,373,399$1,213,085$1,657,510
70$2,190,783$1,375,617$1,188,645$1,703,182
71$2,347,114$1,375,893$1,161,336$1,751,800
72$2,517,276$1,374,069$1,130,998$1,803,698
73$2,702,614$1,369,974$1,097,462$1,859,246
74$2,904,607$1,363,429$1,060,553$1,918,857
75$3,124,882$1,354,242$1,020,087$1,982,994
76$3,365,231$1,342,211$975,871$2,052,169
77$3,627,627$1,327,122$927,705$2,126,954
78$3,914,240$1,308,746$875,378$2,207,984
79$4,227,460$1,286,842$818,671$2,295,969
80$4,569,919$1,261,155$757,354$2,391,694
81$4,944,513$1,231,414$691,188$2,496,034
82$5,354,432$1,197,332$619,921$2,609,959
83$5,803,189$1,158,606$543,294$2,734,548
84$6,294,651$1,114,915$461,031$2,871,000
85$6,833,077$1,065,918$372,847$3,020,641
86$7,423,159$1,011,255$278,446$3,184,947
87$8,070,062$950,548$177,514$3,365,551
88$8,779,476$883,392$69,729$3,564,268
89$9,557,667$809,363$0$3,783,104
90$10,411,539$728,012$0$4,038,788
91$11,348,694$638,862$0$4,344,045
92$12,377,506$541,412$0$4,679,384
93$13,507,202$435,132$0$5,047,952
94$14,747,944$319,460$0$5,453,226
95$16,110,925$193,805$0$5,899,046
96$17,608,480$57,541$0$6,389,654
97$19,254,193$0$0$6,929,733
98$21,063,033$0$0$7,561,094
99$23,051,490$0$0$8,281,108
100$25,237,730$0$0$9,072,949