Can I retire at age 63 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$104,875$103,941$103,030$102,140$101,272$98,227
2 years$51,919$50,952$50,014$49,106$48,225$45,182
3 years$34,269$33,297$32,363$31,463$30,596$27,652
4 years$25,445$24,477$23,552$22,667$21,821$18,998
5 years$20,153$19,190$18,277$17,410$16,588$13,893
6 years$16,625$15,670$14,771$13,923$13,126$10,562
7 years$14,107$13,160$12,274$11,447$10,675$8,242
8 years$12,219$11,281$10,410$9,603$8,856$6,552
9 years$10,751$9,822$8,966$8,179$7,458$5,281
10 years$9,578$8,657$7,817$7,051$6,354$4,301
11 years$8,618$7,707$6,882$6,136$5,465$3,532
12 years$7,819$6,918$6,107$5,382$4,736$2,919
13 years$7,144$6,251$5,456$4,752$4,130$2,425
14 years$6,565$5,682$4,903$4,218$3,620$2,023
15 years$6,064$5,191$4,426$3,762$3,187$1,694
16 years$5,627$4,763$4,013$3,368$2,817$1,422
17 years$5,241$4,386$3,652$3,026$2,498$1,196
18 years$4,898$4,053$3,334$2,727$2,221$1,008
19 years$4,592$3,756$3,052$2,464$1,980$852
20 years$4,316$3,491$2,801$2,232$1,768$720
21 years$4,068$3,251$2,576$2,026$1,582$609
22 years$3,842$3,035$2,374$1,842$1,418$516
23 years$3,636$2,839$2,192$1,677$1,273$438
24 years$3,447$2,660$2,028$1,530$1,144$372
25 years$3,274$2,496$1,878$1,397$1,030$316
26 years$3,115$2,346$1,742$1,277$928$268
27 years$2,967$2,208$1,617$1,169$836$228
28 years$2,831$2,080$1,503$1,071$755$194
29 years$2,704$1,962$1,399$982$681$165
30 years$2,585$1,853$1,303$902$616$140
31 years$2,475$1,752$1,215$828$557$119
32 years$2,371$1,658$1,134$761$503$101
33 years$2,274$1,570$1,058$700$456$86
34 years$2,183$1,488$989$644$413$73
35 years$2,098$1,411$925$593$374$63
36 years$2,017$1,339$865$546$339$53
37 years$1,941$1,272$810$503$307$45
38 years$1,869$1,209$758$464$278$39
39 years$1,801$1,150$710$427$252$33
40 years$1,736$1,094$666$394$229$28
41 years$1,675$1,041$624$364$208$24
42 years$1,617$992$586$336$188$20
43 years$1,562$945$549$310$171$17
44 years$1,509$901$516$286$155$15
45 years$1,459$859$484$264$141$13
46 years$1,411$819$455$244$128$11
47 years$1,365$782$427$226$116$9
48 years$1,322$746$402$208$105$8
49 years$1,280$713$377$193$96$7
50 years$1,240$681$355$178$87$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,270,000, adding $2,773 every year, while hoping to spend $25,773 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: 49/46/5 Blend
62$1,270,000$1,270,000$1,270,000$1,270,000
63$1,402,400$1,335,090$1,315,405$1,469,264
64$1,518,023$1,373,088$1,332,049$1,553,140
65$1,644,575$1,412,083$1,348,387$1,641,201
66$1,783,145$1,452,098$1,364,381$1,736,227
67$1,934,929$1,493,154$1,379,991$1,838,874
68$2,101,248$1,535,275$1,395,177$1,949,862
69$2,283,553$1,578,481$1,409,893$2,069,985
70$2,483,445$1,622,796$1,424,094$2,200,115
71$2,702,685$1,668,242$1,437,730$2,341,212
72$2,943,214$1,714,841$1,450,749$2,494,331
73$3,207,171$1,762,617$1,463,098$2,660,636
74$3,496,909$1,811,591$1,474,718$2,841,406
75$3,815,022$1,861,788$1,485,550$3,038,050
76$4,164,368$1,913,229$1,495,529$3,252,118
77$4,548,094$1,965,938$1,504,590$3,485,318
78$4,969,667$2,019,936$1,512,661$3,739,528
79$5,432,907$2,075,247$1,519,669$4,016,820
80$5,942,022$2,131,893$1,525,537$4,319,471
81$6,501,648$2,189,896$1,530,182$4,649,992
82$7,116,893$2,249,277$1,533,520$5,011,146
83$7,793,383$2,310,058$1,535,459$5,405,979
84$8,537,317$2,372,261$1,535,907$5,837,843
85$9,355,527$2,435,905$1,534,763$6,310,430
86$10,255,537$2,501,011$1,531,925$6,827,811
87$11,245,640$2,567,598$1,527,282$7,394,464
88$12,334,970$2,635,686$1,520,721$8,015,327
89$13,533,594$2,705,291$1,512,121$8,695,838
90$14,852,601$2,776,431$1,501,358$9,441,986
91$16,304,212$2,849,122$1,488,300$10,260,373
92$17,901,893$2,923,380$1,472,808$11,158,268
93$19,660,478$2,999,217$1,454,740$12,143,682
94$21,596,315$3,076,648$1,433,942$13,225,442
95$23,727,418$3,155,682$1,410,257$14,413,270
96$26,073,634$3,236,330$1,383,520$15,717,882
97$28,656,833$3,318,599$1,353,557$17,151,080
98$31,501,115$3,402,495$1,320,186$18,725,873
99$34,633,034$3,488,023$1,283,218$20,456,591
100$38,081,852$3,575,184$1,242,454$22,359,025