Can I retire at age 63 with 1,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$107,353$106,397$105,464$104,553$103,664$101,076
2 years$53,145$52,155$51,196$50,266$49,364$46,773
3 years$35,078$34,084$33,127$32,206$31,318$28,805
4 years$26,046$25,055$24,108$23,202$22,337$19,921
5 years$20,629$19,644$18,709$17,822$16,980$14,668
6 years$17,018$16,041$15,120$14,252$13,436$11,230
7 years$14,440$13,471$12,564$11,718$10,927$8,828
8 years$12,508$11,547$10,656$9,830$9,065$7,072
9 years$11,005$10,054$9,178$8,373$7,634$5,745
10 years$9,804$8,862$8,001$7,217$6,504$4,717
11 years$8,822$7,889$7,044$6,281$5,594$3,906
12 years$8,004$7,081$6,252$5,509$4,848$3,256
13 years$7,313$6,399$5,585$4,864$4,227$2,729
14 years$6,720$5,817$5,018$4,318$3,706$2,297
15 years$6,208$5,314$4,531$3,851$3,263$1,941
16 years$5,759$4,875$4,108$3,448$2,884$1,644
17 years$5,364$4,490$3,738$3,098$2,557$1,397
18 years$5,014$4,149$3,412$2,792$2,273$1,189
19 years$4,700$3,845$3,124$2,523$2,026$1,014
20 years$4,418$3,573$2,867$2,285$1,810$866
21 years$4,164$3,328$2,637$2,074$1,620$740
22 years$3,932$3,107$2,430$1,885$1,452$634
23 years$3,722$2,906$2,244$1,717$1,303$543
24 years$3,529$2,722$2,075$1,566$1,171$465
25 years$3,352$2,555$1,922$1,430$1,054$399
26 years$3,188$2,401$1,783$1,308$949$343
27 years$3,037$2,260$1,655$1,197$856$294
28 years$2,897$2,129$1,539$1,097$772$253
29 years$2,767$2,009$1,432$1,006$697$217
30 years$2,646$1,897$1,334$923$630$187
31 years$2,533$1,793$1,244$848$570$161
32 years$2,427$1,697$1,160$779$515$138
33 years$2,328$1,607$1,083$716$466$119
34 years$2,235$1,523$1,012$659$422$102
35 years$2,147$1,445$946$607$382$88
36 years$2,065$1,371$885$559$347$76
37 years$1,987$1,302$829$515$314$65
38 years$1,913$1,238$776$475$285$56
39 years$1,843$1,177$727$438$258$48
40 years$1,777$1,120$681$404$234$42
41 years$1,715$1,066$639$372$212$36
42 years$1,655$1,015$599$344$193$31
43 years$1,598$967$562$317$175$27
44 years$1,545$922$528$293$159$23
45 years$1,493$879$496$271$144$20
46 years$1,444$839$466$250$131$17
47 years$1,398$800$437$231$119$15
48 years$1,353$764$411$213$108$13
49 years$1,310$730$386$197$98$11
50 years$1,269$697$363$182$89$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,300,000, adding $3,865 every year, while hoping to spend $37,320 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: 27/50/23 Blend
62$1,300,000$1,300,000$1,300,000$1,300,000
63$1,436,587$1,367,687$1,347,537$1,464,872
64$1,543,410$1,394,995$1,352,971$1,514,882
65$1,659,879$1,422,391$1,357,337$1,565,017
66$1,786,938$1,449,839$1,360,558$1,618,062
67$1,925,625$1,477,301$1,362,557$1,674,285
68$2,077,086$1,504,736$1,363,250$1,733,987
69$2,242,580$1,532,099$1,362,550$1,797,498
70$2,423,494$1,559,343$1,360,366$1,865,185
71$2,621,354$1,586,414$1,356,602$1,937,451
72$2,837,842$1,613,258$1,351,158$2,014,743
73$3,074,809$1,639,815$1,343,928$2,097,556
74$3,334,293$1,666,019$1,334,803$2,186,437
75$3,618,538$1,691,801$1,323,667$2,281,989
76$3,930,017$1,717,088$1,310,398$2,384,880
77$4,271,453$1,741,799$1,294,870$2,495,849
78$4,645,842$1,765,849$1,276,949$2,615,711
79$5,056,489$1,789,146$1,256,498$2,745,368
80$5,507,030$1,811,593$1,233,369$2,885,817
81$6,001,471$1,833,085$1,207,412$3,038,158
82$6,544,227$1,853,512$1,178,465$3,203,609
83$7,140,157$1,872,753$1,146,363$3,383,514
84$7,794,618$1,890,683$1,110,931$3,579,359
85$8,513,507$1,907,165$1,071,986$3,792,784
86$9,303,325$1,922,056$1,029,337$4,025,602
87$10,171,229$1,935,202$982,785$4,279,815
88$11,125,107$1,946,439$932,121$4,557,635
89$12,173,647$1,955,594$877,126$4,861,505
90$13,326,423$1,962,481$817,573$5,194,120
91$14,593,980$1,966,905$753,224$5,558,460
92$15,987,938$1,968,656$683,829$5,957,814
93$17,521,099$1,967,511$609,129$6,395,812
94$19,207,568$1,963,236$528,852$6,876,463
95$21,062,885$1,955,580$442,714$7,404,193
96$23,104,173$1,944,277$350,418$7,983,886
97$25,350,298$1,929,046$251,657$8,620,934
98$27,822,047$1,909,588$146,106$9,321,291
99$30,542,324$1,885,586$33,428$10,091,523
100$33,536,366$1,856,704$0$10,938,882