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%18.1%
1 years$104,875$103,941$103,030$102,140$101,272$97,951
2 years$51,919$50,952$50,014$49,106$48,225$44,911
3 years$34,269$33,297$32,363$31,463$30,596$27,393
4 years$25,445$24,477$23,552$22,667$21,821$18,754
5 years$20,153$19,190$18,277$17,410$16,588$13,664
6 years$16,625$15,670$14,771$13,923$13,126$10,348
7 years$14,107$13,160$12,274$11,447$10,675$8,043
8 years$12,219$11,281$10,410$9,603$8,856$6,367
9 years$10,751$9,822$8,966$8,179$7,458$5,110
10 years$9,578$8,657$7,817$7,051$6,354$4,144
11 years$8,618$7,707$6,882$6,136$5,465$3,387
12 years$7,819$6,918$6,107$5,382$4,736$2,787
13 years$7,144$6,251$5,456$4,752$4,130$2,304
14 years$6,565$5,682$4,903$4,218$3,620$1,913
15 years$6,064$5,191$4,426$3,762$3,187$1,593
16 years$5,627$4,763$4,013$3,368$2,817$1,331
17 years$5,241$4,386$3,652$3,026$2,498$1,114
18 years$4,898$4,053$3,334$2,727$2,221$934
19 years$4,592$3,756$3,052$2,464$1,980$785
20 years$4,316$3,491$2,801$2,232$1,768$660
21 years$4,068$3,251$2,576$2,026$1,582$556
22 years$3,842$3,035$2,374$1,842$1,418$468
23 years$3,636$2,839$2,192$1,677$1,273$395
24 years$3,447$2,660$2,028$1,530$1,144$333
25 years$3,274$2,496$1,878$1,397$1,030$281
26 years$3,115$2,346$1,742$1,277$928$238
27 years$2,967$2,208$1,617$1,169$836$201
28 years$2,831$2,080$1,503$1,071$755$170
29 years$2,704$1,962$1,399$982$681$144
30 years$2,585$1,853$1,303$902$616$121
31 years$2,475$1,752$1,215$828$557$103
32 years$2,371$1,658$1,134$761$503$87
33 years$2,274$1,570$1,058$700$456$73
34 years$2,183$1,488$989$644$413$62
35 years$2,098$1,411$925$593$374$53
36 years$2,017$1,339$865$546$339$45
37 years$1,941$1,272$810$503$307$38
38 years$1,869$1,209$758$464$278$32
39 years$1,801$1,150$710$427$252$27
40 years$1,736$1,094$666$394$229$23
41 years$1,675$1,041$624$364$208$19
42 years$1,617$992$586$336$188$16
43 years$1,562$945$549$310$171$14
44 years$1,509$901$516$286$155$12
45 years$1,459$859$484$264$141$10
46 years$1,411$819$455$244$128$8
47 years$1,365$782$427$226$116$7
48 years$1,322$746$402$208$105$6
49 years$1,280$713$377$193$96$5
50 years$1,240$681$355$178$87$4

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 $3,125 every year, while hoping to spend $54,552 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: 39/45/16 Blend
62$1,270,000$1,270,000$1,270,000$1,270,000
63$1,402,763$1,335,453$1,315,768$1,450,639
64$1,487,802$1,342,848$1,301,804$1,492,485
65$1,579,687$1,348,776$1,285,543$1,532,208
66$1,679,058$1,353,109$1,266,851$1,573,997
67$1,786,619$1,355,709$1,245,588$1,618,066
68$1,903,145$1,356,429$1,221,606$1,664,656
69$2,029,487$1,355,115$1,194,751$1,714,033
70$2,166,581$1,351,602$1,164,861$1,766,496
71$2,315,455$1,345,714$1,131,768$1,822,375
72$2,477,244$1,337,266$1,095,294$1,882,042
73$2,653,192$1,326,061$1,055,255$1,945,908
74$2,844,669$1,311,889$1,011,458$2,014,432
75$3,053,184$1,294,530$963,700$2,088,123
76$3,280,395$1,273,749$911,771$2,167,550
77$3,528,130$1,249,297$855,450$2,253,344
78$3,798,397$1,220,911$794,505$2,346,205
79$4,093,408$1,188,311$728,696$2,446,914
80$4,415,600$1,151,202$657,772$2,556,336
81$4,767,652$1,109,272$581,468$2,675,432
82$5,152,516$1,062,189$499,510$2,805,269
83$5,573,441$1,009,604$411,612$2,947,032
84$6,034,004$951,147$317,473$3,102,032
85$6,538,144$886,426$216,781$3,271,728
86$7,090,201$815,026$109,208$3,457,734
87$7,694,949$736,511$0$3,661,840
88$8,357,651$650,417$0$3,886,986
89$9,084,100$556,255$0$4,154,372
90$9,880,676$453,510$0$4,447,834
91$10,754,409$341,635$0$4,770,134
92$11,713,038$220,055$0$5,124,327
93$12,765,089$88,159$0$5,513,789
94$13,919,956$0$0$5,942,253
95$15,187,983$0$0$6,440,927
96$16,580,568$0$0$7,036,705
97$18,110,263$0$0$7,691,325
98$19,790,899$0$0$8,410,728
99$21,637,711$0$0$9,201,458
100$23,667,485$0$0$10,070,728