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%15.9%
1 years$104,875$103,941$103,030$102,140$101,272$98,823
2 years$51,919$50,952$50,014$49,106$48,225$45,773
3 years$34,269$33,297$32,363$31,463$30,596$28,217
4 years$25,445$24,477$23,552$22,667$21,821$19,534
5 years$20,153$19,190$18,277$17,410$16,588$14,398
6 years$16,625$15,670$14,771$13,923$13,126$11,036
7 years$14,107$13,160$12,274$11,447$10,675$8,685
8 years$12,219$11,281$10,410$9,603$8,856$6,965
9 years$10,751$9,822$8,966$8,179$7,458$5,665
10 years$9,578$8,657$7,817$7,051$6,354$4,658
11 years$8,618$7,707$6,882$6,136$5,465$3,862
12 years$7,819$6,918$6,107$5,382$4,736$3,223
13 years$7,144$6,251$5,456$4,752$4,130$2,705
14 years$6,565$5,682$4,903$4,218$3,620$2,280
15 years$6,064$5,191$4,426$3,762$3,187$1,929
16 years$5,627$4,763$4,013$3,368$2,817$1,637
17 years$5,241$4,386$3,652$3,026$2,498$1,392
18 years$4,898$4,053$3,334$2,727$2,221$1,187
19 years$4,592$3,756$3,052$2,464$1,980$1,013
20 years$4,316$3,491$2,801$2,232$1,768$867
21 years$4,068$3,251$2,576$2,026$1,582$742
22 years$3,842$3,035$2,374$1,842$1,418$636
23 years$3,636$2,839$2,192$1,677$1,273$546
24 years$3,447$2,660$2,028$1,530$1,144$469
25 years$3,274$2,496$1,878$1,397$1,030$403
26 years$3,115$2,346$1,742$1,277$928$346
27 years$2,967$2,208$1,617$1,169$836$298
28 years$2,831$2,080$1,503$1,071$755$256
29 years$2,704$1,962$1,399$982$681$221
30 years$2,585$1,853$1,303$902$616$190
31 years$2,475$1,752$1,215$828$557$164
32 years$2,371$1,658$1,134$761$503$141
33 years$2,274$1,570$1,058$700$456$122
34 years$2,183$1,488$989$644$413$105
35 years$2,098$1,411$925$593$374$90
36 years$2,017$1,339$865$546$339$78
37 years$1,941$1,272$810$503$307$67
38 years$1,869$1,209$758$464$278$58
39 years$1,801$1,150$710$427$252$50
40 years$1,736$1,094$666$394$229$43
41 years$1,675$1,041$624$364$208$37
42 years$1,617$992$586$336$188$32
43 years$1,562$945$549$310$171$28
44 years$1,509$901$516$286$155$24
45 years$1,459$859$484$264$141$21
46 years$1,411$819$455$244$128$18
47 years$1,365$782$427$226$116$15
48 years$1,322$746$402$208$105$13
49 years$1,280$713$377$193$96$11
50 years$1,240$681$355$178$87$10

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 $5,168 every year, while hoping to spend $24,081 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: 42/32/26 Blend
62$1,270,000$1,270,000$1,270,000$1,270,000
63$1,404,871$1,337,561$1,317,876$1,452,991
64$1,522,546$1,377,479$1,336,403$1,527,915
65$1,651,416$1,418,547$1,354,743$1,606,329
66$1,792,599$1,460,794$1,372,865$1,690,781
67$1,947,324$1,504,252$1,390,736$1,781,842
68$2,116,945$1,548,955$1,408,319$1,880,139
69$2,302,953$1,594,934$1,425,578$1,986,365
70$2,506,992$1,642,223$1,442,473$2,101,279
71$2,730,871$1,690,857$1,458,961$2,225,721
72$2,976,582$1,740,872$1,474,999$2,360,612
73$3,246,322$1,792,303$1,490,540$2,506,968
74$3,542,508$1,845,188$1,505,535$2,665,908
75$3,867,805$1,899,563$1,519,931$2,838,664
76$4,225,147$1,955,467$1,533,674$3,026,591
77$4,617,767$2,012,939$1,546,707$3,231,184
78$5,049,225$2,072,020$1,558,968$3,454,089
79$5,523,447$2,132,750$1,570,395$3,697,117
80$6,044,755$2,195,170$1,580,918$3,962,267
81$6,617,909$2,259,324$1,590,469$4,251,736
82$7,248,159$2,325,253$1,598,972$4,567,949
83$7,941,283$2,393,003$1,606,350$4,913,574
84$8,703,651$2,462,617$1,612,520$5,291,552
85$9,542,280$2,534,141$1,617,396$5,705,124
86$10,464,901$2,607,623$1,620,887$6,157,858
87$11,480,032$2,683,108$1,622,898$6,653,688
88$12,597,060$2,760,645$1,623,330$7,196,948
89$13,826,326$2,840,282$1,622,077$7,792,411
90$15,179,224$2,922,069$1,619,030$8,445,340
91$16,668,310$3,006,056$1,614,073$9,161,531
92$18,307,419$3,092,293$1,607,085$9,947,371
93$20,111,793$3,180,833$1,597,939$10,809,901
94$22,098,229$3,271,727$1,586,504$11,756,875
95$24,285,236$3,365,029$1,572,639$12,796,840
96$26,693,206$3,460,791$1,556,198$13,939,215
97$29,344,611$3,559,068$1,537,029$15,194,377
98$32,264,214$3,659,915$1,514,973$16,573,762
99$35,479,300$3,763,387$1,489,860$18,089,974
100$39,019,935$3,869,539$1,461,517$19,756,899