Can I retire at age 63 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$109,830$108,852$107,897$106,966$106,056$104,342
2 years$54,371$53,359$52,377$51,426$50,503$48,781
3 years$35,888$34,871$33,892$32,949$32,041$30,364
4 years$26,647$25,634$24,664$23,738$22,852$21,234
5 years$21,105$20,097$19,141$18,233$17,372$15,817
6 years$17,411$16,411$15,468$14,581$13,746$12,255
7 years$14,773$13,782$12,854$11,988$11,179$9,754
8 years$12,796$11,813$10,902$10,056$9,274$7,914
9 years$11,259$10,286$9,389$8,566$7,810$6,514
10 years$10,030$9,066$8,186$7,384$6,655$5,422
11 years$9,026$8,071$7,207$6,426$5,723$4,553
12 years$8,189$7,244$6,396$5,637$4,960$3,850
13 years$7,481$6,547$5,714$4,976$4,325$3,274
14 years$6,876$5,951$5,134$4,417$3,791$2,797
15 years$6,351$5,436$4,636$3,939$3,338$2,399
16 years$5,892$4,988$4,203$3,527$2,950$2,065
17 years$5,488$4,593$3,824$3,169$2,616$1,782
18 years$5,129$4,244$3,491$2,856$2,326$1,541
19 years$4,809$3,934$3,196$2,581$2,073$1,336
20 years$4,520$3,655$2,933$2,337$1,852$1,160
21 years$4,260$3,405$2,698$2,121$1,657$1,008
22 years$4,023$3,178$2,487$1,929$1,485$878
23 years$3,808$2,973$2,296$1,757$1,333$765
24 years$3,610$2,785$2,123$1,602$1,198$667
25 years$3,429$2,614$1,967$1,463$1,078$583
26 years$3,262$2,457$1,824$1,338$971$509
27 years$3,107$2,312$1,694$1,225$876$445
28 years$2,964$2,178$1,574$1,122$790$389
29 years$2,831$2,055$1,465$1,029$714$341
30 years$2,707$1,941$1,365$944$645$298
31 years$2,592$1,835$1,272$867$583$261
32 years$2,483$1,736$1,187$797$527$229
33 years$2,382$1,644$1,108$733$477$201
34 years$2,287$1,558$1,036$674$432$176
35 years$2,197$1,478$968$621$391$154
36 years$2,112$1,403$906$572$355$135
37 years$2,033$1,332$848$527$321$118
38 years$1,957$1,266$794$486$291$104
39 years$1,886$1,204$744$448$264$91
40 years$1,818$1,146$697$413$240$80
41 years$1,754$1,090$654$381$217$70
42 years$1,693$1,038$613$352$197$62
43 years$1,635$989$575$325$179$54
44 years$1,580$943$540$300$163$47
45 years$1,528$899$507$277$148$42
46 years$1,478$858$476$256$134$37
47 years$1,430$819$448$236$122$32
48 years$1,384$782$421$218$110$28
49 years$1,340$746$395$202$100$25
50 years$1,299$713$372$186$91$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,330,000, adding $3,897 every year, while hoping to spend $45,262 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: 56/37/7 Blend
62$1,330,000$1,330,000$1,330,000$1,330,000
63$1,469,680$1,399,190$1,378,575$1,549,457
64$1,571,429$1,419,592$1,376,599$1,624,073
65$1,682,039$1,439,476$1,373,039$1,699,911
66$1,802,367$1,458,770$1,367,796$1,781,398
67$1,933,354$1,477,396$1,360,763$1,869,079
68$2,076,037$1,495,269$1,351,829$1,963,551
69$2,231,556$1,512,301$1,340,879$2,065,477
70$2,401,167$1,528,396$1,327,790$2,175,584
71$2,586,251$1,543,452$1,312,436$2,294,678
72$2,788,328$1,557,361$1,294,683$2,423,645
73$3,009,074$1,570,007$1,274,390$2,563,462
74$3,250,329$1,581,268$1,251,413$2,715,210
75$3,514,125$1,591,012$1,225,597$2,880,078
76$3,802,694$1,599,100$1,196,783$3,059,380
77$4,118,495$1,605,383$1,164,802$3,254,563
78$4,464,239$1,609,703$1,129,479$3,467,226
79$4,842,906$1,611,893$1,090,632$3,699,131
80$5,257,782$1,611,776$1,048,068$3,952,221
81$5,712,483$1,609,160$1,001,585$4,228,642
82$6,210,994$1,603,847$950,976$4,530,759
83$6,757,702$1,595,622$896,020$4,861,180
84$7,357,439$1,584,259$836,489$5,222,786
85$8,015,529$1,569,519$772,142$5,618,749
86$8,737,834$1,551,146$702,730$6,052,571
87$9,530,814$1,528,873$627,992$6,528,115
88$10,401,581$1,502,412$547,654$7,049,641
89$11,357,973$1,471,461$461,431$7,621,847
90$12,408,624$1,435,700$369,026$8,249,915
91$13,563,043$1,394,788$270,128$8,939,560
92$14,831,708$1,348,368$164,412$9,697,085
93$16,226,161$1,296,057$51,540$10,529,442
94$17,759,120$1,237,455$0$11,444,296
95$19,444,595$1,172,134$0$12,455,250
96$21,298,020$1,099,645$0$13,570,922
97$23,336,402$1,019,512$0$14,797,767
98$25,578,478$931,230$0$16,147,154
99$28,044,890$834,268$0$17,631,616
100$30,758,385$728,064$0$19,264,970