Can I retire at age 63 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$106,527$105,578$104,652$103,749$102,866$100,789
2 years$52,736$51,754$50,802$49,879$48,984$46,901
3 years$34,808$33,822$32,872$31,958$31,077$29,053
4 years$25,846$24,863$23,923$23,024$22,165$20,214
5 years$20,470$19,493$18,565$17,685$16,849$14,978
6 years$16,887$15,917$15,003$14,143$13,332$11,543
7 years$14,329$13,367$12,468$11,627$10,843$9,136
8 years$12,411$11,458$10,574$9,754$8,995$7,370
9 years$10,921$9,976$9,107$8,308$7,575$6,030
10 years$9,729$8,794$7,940$7,162$6,454$4,988
11 years$8,754$7,829$6,990$6,233$5,551$4,162
12 years$7,943$7,026$6,203$5,467$4,810$3,497
13 years$7,256$6,350$5,542$4,827$4,195$2,954
14 years$6,669$5,772$4,980$4,284$3,677$2,507
15 years$6,160$5,273$4,496$3,821$3,238$2,136
16 years$5,715$4,838$4,076$3,421$2,861$1,825
17 years$5,323$4,455$3,709$3,074$2,537$1,564
18 years$4,975$4,117$3,386$2,770$2,256$1,343
19 years$4,664$3,815$3,100$2,503$2,011$1,155
20 years$4,384$3,545$2,845$2,267$1,796$996
21 years$4,132$3,302$2,617$2,058$1,607$859
22 years$3,902$3,083$2,412$1,871$1,441$742
23 years$3,693$2,883$2,227$1,704$1,293$642
24 years$3,502$2,701$2,059$1,554$1,162$556
25 years$3,326$2,535$1,907$1,419$1,046$481
26 years$3,164$2,383$1,769$1,298$942$417
27 years$3,014$2,242$1,643$1,188$849$362
28 years$2,875$2,113$1,527$1,088$766$314
29 years$2,746$1,993$1,421$998$692$272
30 years$2,626$1,882$1,324$916$625$236
31 years$2,514$1,780$1,234$841$565$205
32 years$2,409$1,684$1,151$773$511$178
33 years$2,310$1,595$1,075$711$463$155
34 years$2,218$1,511$1,004$654$419$135
35 years$2,131$1,433$939$602$380$117
36 years$2,049$1,361$879$555$344$102
37 years$1,971$1,292$822$511$312$89
38 years$1,898$1,228$770$471$283$77
39 years$1,829$1,168$721$434$256$67
40 years$1,764$1,111$676$400$232$58
41 years$1,701$1,058$634$370$211$51
42 years$1,642$1,007$595$341$191$44
43 years$1,586$960$558$315$174$38
44 years$1,533$915$524$291$158$33
45 years$1,482$872$492$268$143$29
46 years$1,433$832$462$248$130$25
47 years$1,387$794$434$229$118$22
48 years$1,342$758$408$212$107$19
49 years$1,300$724$383$196$97$17
50 years$1,259$692$360$181$88$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,290,000, adding $5,792 every year, while hoping to spend $41,300 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: 68/17/15 Blend
62$1,290,000$1,290,000$1,290,000$1,290,000
63$1,427,554$1,359,184$1,339,189$1,519,249
64$1,529,222$1,381,842$1,340,109$1,603,747
65$1,639,876$1,404,225$1,339,676$1,690,705
66$1,760,388$1,426,277$1,337,800$1,784,772
67$1,891,720$1,447,937$1,334,389$1,886,643
68$2,034,929$1,469,139$1,329,344$1,997,082
69$2,191,178$1,489,813$1,322,563$2,116,934
70$2,361,747$1,509,883$1,313,939$2,247,128
71$2,548,048$1,529,270$1,303,358$2,388,689
72$2,751,632$1,547,887$1,290,703$2,542,747
73$2,974,207$1,565,642$1,275,851$2,710,546
74$3,217,655$1,582,437$1,258,670$2,893,459
75$3,484,047$1,598,168$1,239,027$3,092,999
76$3,775,664$1,612,722$1,216,779$3,310,833
77$4,095,017$1,625,982$1,191,777$3,548,798
78$4,444,873$1,637,819$1,163,866$3,808,922
79$4,828,278$1,648,100$1,132,883$4,093,437
80$5,248,586$1,656,680$1,098,658$4,404,805
81$5,709,491$1,663,408$1,061,013$4,745,742
82$6,215,064$1,668,119$1,019,761$5,119,237
83$6,769,786$1,670,643$974,709$5,528,589
84$7,378,595$1,670,795$925,652$5,977,434
85$8,046,928$1,668,380$872,378$6,469,780
86$8,780,776$1,663,192$814,664$7,010,044
87$9,586,739$1,655,012$752,278$7,603,096
88$10,472,084$1,643,606$684,978$8,254,305
89$11,444,821$1,628,727$612,509$8,969,589
90$12,513,772$1,610,113$534,607$9,755,470
91$13,688,655$1,587,487$450,995$10,619,140
92$14,980,178$1,560,555$361,384$11,568,526
93$16,400,139$1,529,004$265,472$12,612,365
94$17,961,532$1,492,504$162,945$13,760,289
95$19,678,678$1,450,707$53,473$15,022,915
96$21,567,353$1,403,241$0$16,411,946
97$23,644,938$1,349,714$0$17,950,423
98$25,930,584$1,289,714$0$19,652,216
99$28,445,393$1,222,799$0$21,524,494
100$31,212,615$1,148,508$0$23,584,594