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%12.7%
1 years$105,701$104,760$103,841$102,944$102,069$100,919
2 years$52,327$51,353$50,408$49,493$48,604$47,447
3 years$34,538$33,560$32,618$31,710$30,837$29,707
4 years$25,646$24,670$23,737$22,846$21,993$20,900
5 years$20,311$19,341$18,421$17,548$16,719$15,666
6 years$16,756$15,794$14,887$14,033$13,229$12,218
7 years$14,218$13,264$12,371$11,537$10,759$9,790
8 years$12,315$11,369$10,492$9,678$8,925$7,998
9 years$10,836$9,899$9,036$8,244$7,516$6,630
10 years$9,653$8,726$7,878$7,106$6,404$5,559
11 years$8,686$7,768$6,936$6,185$5,508$4,703
12 years$7,881$6,972$6,155$5,425$4,773$4,007
13 years$7,200$6,301$5,499$4,789$4,162$3,435
14 years$6,617$5,727$4,941$4,251$3,649$2,958
15 years$6,112$5,232$4,461$3,791$3,212$2,558
16 years$5,671$4,800$4,045$3,395$2,839$2,220
17 years$5,282$4,421$3,681$3,050$2,517$1,932
18 years$4,936$4,085$3,360$2,749$2,238$1,686
19 years$4,628$3,786$3,076$2,484$1,995$1,474
20 years$4,350$3,518$2,823$2,250$1,782$1,291
21 years$4,100$3,277$2,596$2,042$1,595$1,133
22 years$3,872$3,059$2,393$1,856$1,429$995
23 years$3,664$2,861$2,210$1,691$1,283$875
24 years$3,475$2,680$2,043$1,542$1,153$771
25 years$3,300$2,515$1,893$1,408$1,038$679
26 years$3,139$2,364$1,755$1,288$935$599
27 years$2,991$2,225$1,630$1,179$843$529
28 years$2,853$2,097$1,515$1,080$761$467
29 years$2,725$1,978$1,410$990$687$413
30 years$2,606$1,868$1,313$909$621$365
31 years$2,494$1,766$1,225$835$561$323
32 years$2,390$1,671$1,142$767$507$286
33 years$2,292$1,582$1,067$705$459$253
34 years$2,201$1,500$997$649$416$224
35 years$2,114$1,422$932$597$377$198
36 years$2,033$1,350$872$550$341$176
37 years$1,956$1,282$816$507$309$156
38 years$1,884$1,219$764$467$280$138
39 years$1,815$1,159$716$431$254$122
40 years$1,750$1,102$671$397$231$108
41 years$1,688$1,049$629$367$209$96
42 years$1,630$999$590$338$190$85
43 years$1,574$952$554$312$172$75
44 years$1,521$908$520$288$156$67
45 years$1,470$866$488$266$142$59
46 years$1,422$826$458$246$129$53
47 years$1,376$788$431$227$117$47
48 years$1,332$752$405$210$106$41
49 years$1,290$718$380$194$97$37
50 years$1,250$686$358$179$88$33

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 $5,281 every year, while hoping to spend $46,338 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: 46/25/29 Blend
62$1,280,000$1,280,000$1,280,000$1,280,000
63$1,416,007$1,348,167$1,328,327$1,469,104
64$1,511,137$1,364,924$1,323,523$1,524,053
65$1,614,416$1,380,949$1,317,005$1,578,763
66$1,726,629$1,396,157$1,308,666$1,637,245
67$1,848,634$1,410,458$1,298,396$1,699,878
68$1,981,379$1,423,756$1,286,077$1,767,082
69$2,125,907$1,435,946$1,271,587$1,839,321
70$2,283,362$1,446,921$1,254,798$1,917,110
71$2,455,008$1,456,562$1,235,576$2,001,016
72$2,642,231$1,464,746$1,213,781$2,091,670
73$2,846,561$1,471,341$1,189,265$2,189,768
74$3,069,679$1,476,206$1,161,874$2,296,079
75$3,313,438$1,479,192$1,131,449$2,411,455
76$3,579,876$1,480,139$1,097,819$2,536,838
77$3,871,237$1,478,880$1,060,810$2,673,267
78$4,189,993$1,475,234$1,020,236$2,821,894
79$4,538,864$1,469,013$975,906$2,983,991
80$4,920,847$1,460,013$927,618$3,160,963
81$5,339,241$1,448,022$875,161$3,354,365
82$5,797,681$1,432,812$818,316$3,565,912
83$6,300,167$1,414,142$756,852$3,797,501
84$6,851,107$1,391,758$690,529$4,051,229
85$7,455,355$1,365,390$619,097$4,329,409
86$8,118,257$1,334,750$542,294$4,634,598
87$8,845,703$1,299,537$459,844$4,969,620
88$9,644,179$1,259,428$371,463$5,337,595
89$10,520,831$1,214,085$276,852$5,741,965
90$11,483,528$1,163,148$175,700$6,186,532
91$12,540,942$1,106,237$67,680$6,675,496
92$13,702,625$1,042,949$0$7,213,491
93$14,979,098$972,859$0$7,820,361
94$16,381,954$895,517$0$8,510,333
95$17,923,963$810,447$0$9,268,789
96$19,619,195$717,146$0$10,102,731
97$21,483,151$615,085$0$11,019,874
98$23,532,908$503,700$0$12,028,729
99$25,787,283$382,399$0$13,138,677
100$28,267,006$250,557$0$14,360,061