Can I retire at age 63 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$108,179$107,215$106,275$105,357$104,461$103,673
2 years$53,554$52,556$51,590$50,653$49,743$48,948
3 years$35,348$34,346$33,382$32,454$31,559$30,782
4 years$26,247$25,248$24,294$23,381$22,508$21,756
5 years$20,787$19,795$18,853$17,959$17,110$16,384
6 years$17,149$16,164$15,236$14,362$13,539$12,840
7 years$14,551$13,574$12,661$11,808$11,011$10,339
8 years$12,604$11,636$10,738$9,905$9,135$8,491
9 years$11,090$10,131$9,248$8,437$7,693$7,076
10 years$9,880$8,930$8,063$7,273$6,554$5,965
11 years$8,890$7,950$7,098$6,329$5,637$5,074
12 years$8,066$7,135$6,300$5,552$4,885$4,348
13 years$7,369$6,448$5,628$4,901$4,260$3,749
14 years$6,772$5,861$5,057$4,351$3,734$3,248
15 years$6,255$5,354$4,566$3,880$3,288$2,826
16 years$5,804$4,913$4,140$3,474$2,906$2,468
17 years$5,406$4,524$3,767$3,122$2,576$2,161
18 years$5,052$4,181$3,439$2,813$2,291$1,898
19 years$4,736$3,875$3,148$2,542$2,042$1,670
20 years$4,452$3,600$2,889$2,302$1,824$1,473
21 years$4,196$3,354$2,657$2,089$1,632$1,301
22 years$3,963$3,131$2,449$1,900$1,463$1,150
23 years$3,750$2,928$2,261$1,730$1,313$1,019
24 years$3,556$2,743$2,091$1,578$1,180$903
25 years$3,377$2,574$1,937$1,441$1,062$802
26 years$3,213$2,420$1,797$1,318$957$712
27 years$3,061$2,277$1,668$1,206$863$633
28 years$2,920$2,146$1,551$1,105$778$563
29 years$2,789$2,024$1,443$1,013$703$501
30 years$2,667$1,912$1,344$930$635$447
31 years$2,553$1,807$1,253$854$574$398
32 years$2,446$1,710$1,169$785$519$355
33 years$2,346$1,619$1,092$722$470$316
34 years$2,252$1,535$1,020$664$426$282
35 years$2,164$1,456$954$611$385$252
36 years$2,081$1,382$892$563$349$225
37 years$2,002$1,312$835$519$317$201
38 years$1,928$1,247$782$478$287$179
39 years$1,858$1,186$733$441$260$160
40 years$1,791$1,128$687$407$236$143
41 years$1,728$1,074$644$375$214$128
42 years$1,668$1,023$604$346$194$114
43 years$1,611$975$567$320$176$102
44 years$1,556$929$532$295$160$91
45 years$1,505$886$500$273$145$81
46 years$1,455$845$469$252$132$73
47 years$1,408$806$441$233$120$65
48 years$1,363$770$414$215$109$58
49 years$1,320$735$389$199$99$52
50 years$1,279$702$366$184$90$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,310,000, adding $4,807 every year, while hoping to spend $44,753 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: 68/27/5 Blend
62$1,310,000$1,310,000$1,310,000$1,310,000
63$1,448,578$1,379,148$1,358,843$1,545,923
64$1,548,717$1,399,110$1,356,748$1,630,939
65$1,657,569$1,418,549$1,353,082$1,717,951
66$1,775,977$1,437,394$1,347,746$1,811,873
67$1,904,867$1,455,567$1,340,636$1,913,372
68$2,045,257$1,472,984$1,331,641$2,023,182
69$2,198,269$1,489,556$1,320,647$2,142,112
70$2,365,137$1,505,188$1,307,533$2,271,053
71$2,547,219$1,519,780$1,292,173$2,410,990
72$2,746,009$1,533,224$1,274,435$2,563,003
73$2,963,154$1,545,403$1,254,180$2,728,288
74$3,200,464$1,556,197$1,231,264$2,908,159
75$3,459,935$1,565,474$1,205,535$3,104,066
76$3,743,762$1,573,096$1,176,834$3,317,608
77$4,054,364$1,578,915$1,144,996$3,550,547
78$4,394,402$1,582,775$1,109,846$3,804,824
79$4,766,808$1,584,508$1,071,203$4,082,579
80$5,174,811$1,583,938$1,028,878$4,386,173
81$5,621,967$1,580,876$982,670$4,718,206
82$6,112,192$1,575,123$932,374$5,081,547
83$6,649,798$1,566,467$877,771$5,479,355
84$7,239,536$1,554,683$818,635$5,915,116
85$7,886,639$1,539,532$754,729$6,392,670
86$8,596,869$1,520,762$685,805$6,916,252
87$9,376,575$1,498,105$611,605$7,490,531
88$10,232,750$1,471,276$531,858$8,120,653
89$11,173,097$1,439,975$446,283$8,812,291
90$12,206,103$1,403,884$354,583$9,571,698
91$13,341,116$1,362,665$256,452$10,405,769
92$14,588,436$1,315,961$151,569$11,322,104
93$15,959,407$1,263,394$39,597$12,329,082
94$17,466,530$1,204,564$0$13,435,937
95$19,123,577$1,139,048$0$14,657,115
96$20,945,719$1,066,399$0$16,002,107
97$22,949,674$986,144$0$17,481,191
98$25,153,857$897,782$0$19,108,028
99$27,578,562$800,785$0$20,897,673
100$30,246,146$694,594$0$22,866,721