Can I retire at age 63 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$105,701$104,760$103,841$102,944$102,069$100,668
2 years$52,327$51,353$50,408$49,493$48,604$47,196
3 years$34,538$33,560$32,618$31,710$30,837$29,464
4 years$25,646$24,670$23,737$22,846$21,993$20,666
5 years$20,311$19,341$18,421$17,548$16,719$15,442
6 years$16,756$15,794$14,887$14,033$13,229$12,004
7 years$14,218$13,264$12,371$11,537$10,759$9,586
8 years$12,315$11,369$10,492$9,678$8,925$7,805
9 years$10,836$9,899$9,036$8,244$7,516$6,448
10 years$9,653$8,726$7,878$7,106$6,404$5,386
11 years$8,686$7,768$6,936$6,185$5,508$4,540
12 years$7,881$6,972$6,155$5,425$4,773$3,853
13 years$7,200$6,301$5,499$4,789$4,162$3,290
14 years$6,617$5,727$4,941$4,251$3,649$2,822
15 years$6,112$5,232$4,461$3,791$3,212$2,431
16 years$5,671$4,800$4,045$3,395$2,839$2,101
17 years$5,282$4,421$3,681$3,050$2,517$1,821
18 years$4,936$4,085$3,360$2,749$2,238$1,582
19 years$4,628$3,786$3,076$2,484$1,995$1,377
20 years$4,350$3,518$2,823$2,250$1,782$1,201
21 years$4,100$3,277$2,596$2,042$1,595$1,049
22 years$3,872$3,059$2,393$1,856$1,429$917
23 years$3,664$2,861$2,210$1,691$1,283$803
24 years$3,475$2,680$2,043$1,542$1,153$704
25 years$3,300$2,515$1,893$1,408$1,038$617
26 years$3,139$2,364$1,755$1,288$935$542
27 years$2,991$2,225$1,630$1,179$843$476
28 years$2,853$2,097$1,515$1,080$761$418
29 years$2,725$1,978$1,410$990$687$368
30 years$2,606$1,868$1,313$909$621$324
31 years$2,494$1,766$1,225$835$561$285
32 years$2,390$1,671$1,142$767$507$251
33 years$2,292$1,582$1,067$705$459$221
34 years$2,201$1,500$997$649$416$195
35 years$2,114$1,422$932$597$377$171
36 years$2,033$1,350$872$550$341$151
37 years$1,956$1,282$816$507$309$133
38 years$1,884$1,219$764$467$280$117
39 years$1,815$1,159$716$431$254$104
40 years$1,750$1,102$671$397$231$91
41 years$1,688$1,049$629$367$209$81
42 years$1,630$999$590$338$190$71
43 years$1,574$952$554$312$172$63
44 years$1,521$908$520$288$156$55
45 years$1,470$866$488$266$142$49
46 years$1,422$826$458$246$129$43
47 years$1,376$788$431$227$117$38
48 years$1,332$752$405$210$106$33
49 years$1,290$718$380$194$97$30
50 years$1,250$686$358$179$88$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,280,000, adding $6,865 every year, while hoping to spend $36,724 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: 71/11/18 Blend
62$1,280,000$1,280,000$1,280,000$1,280,000
63$1,417,641$1,349,801$1,329,961$1,511,763
64$1,523,167$1,376,867$1,335,441$1,602,341
65$1,638,225$1,404,029$1,339,873$1,696,426
66$1,763,749$1,431,252$1,343,185$1,798,503
67$1,900,767$1,458,499$1,345,297$1,909,356
68$2,050,411$1,485,731$1,346,130$2,029,850
69$2,213,924$1,512,903$1,345,597$2,160,939
70$2,392,679$1,539,970$1,343,609$2,303,675
71$2,588,184$1,566,880$1,340,071$2,459,213
72$2,802,101$1,593,580$1,334,886$2,628,831
73$3,036,261$1,620,010$1,327,950$2,813,934
74$3,292,677$1,646,109$1,319,154$3,016,071
75$3,573,570$1,671,808$1,308,385$3,236,950
76$3,881,383$1,697,035$1,295,525$3,478,452
77$4,218,806$1,721,712$1,280,447$3,742,651
78$4,588,805$1,745,756$1,263,023$4,031,833
79$4,994,644$1,769,079$1,243,115$4,348,516
80$5,439,918$1,791,584$1,220,579$4,695,477
81$5,928,588$1,813,171$1,195,268$5,075,774
82$6,465,018$1,833,730$1,167,023$5,492,780
83$7,054,012$1,853,145$1,135,680$5,950,211
84$7,700,865$1,871,293$1,101,070$6,452,163
85$8,411,408$1,888,041$1,063,010$7,003,150
86$9,192,066$1,903,250$1,021,316$7,608,149
87$10,049,916$1,916,768$975,789$8,272,643
88$10,992,755$1,928,437$926,225$9,002,675
89$12,029,172$1,938,087$872,410$9,804,908
90$13,168,632$1,945,537$814,119$10,686,684
91$14,421,559$1,950,595$751,119$11,656,095
92$15,799,441$1,953,058$683,165$12,722,058
93$17,314,935$1,952,708$610,002$13,894,406
94$18,981,983$1,949,315$531,361$15,183,970
95$20,815,949$1,942,635$446,966$16,602,693
96$22,833,760$1,932,409$356,524$18,163,734
97$25,054,068$1,918,361$259,732$19,881,598
98$27,497,422$1,900,200$156,271$21,772,272
99$30,186,465$1,877,615$45,812$23,853,374
100$33,146,145$1,850,280$0$26,144,324