Can I retire at age 63 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$111,482$110,489$109,520$108,574$107,651$105,091
2 years$55,189$54,161$53,165$52,199$51,262$48,698
3 years$36,427$35,395$34,401$33,445$32,523$30,035
4 years$27,048$26,019$25,035$24,095$23,196$20,803
5 years$21,422$20,399$19,428$18,507$17,633$15,342
6 years$17,673$16,657$15,701$14,800$13,952$11,765
7 years$14,996$13,989$13,048$12,168$11,347$9,264
8 years$12,989$11,991$11,065$10,208$9,413$7,434
9 years$11,429$10,440$9,531$8,695$7,927$6,050
10 years$10,181$9,203$8,309$7,495$6,755$4,977
11 years$9,161$8,193$7,315$6,523$5,809$4,129
12 years$8,312$7,353$6,492$5,721$5,034$3,449
13 years$7,594$6,645$5,800$5,051$4,390$2,896
14 years$6,979$6,040$5,211$4,484$3,848$2,443
15 years$6,446$5,518$4,705$3,999$3,388$2,068
16 years$5,981$5,063$4,266$3,580$2,994$1,756
17 years$5,571$4,662$3,882$3,217$2,655$1,495
18 years$5,206$4,308$3,544$2,899$2,361$1,275
19 years$4,881$3,993$3,244$2,620$2,104$1,090
20 years$4,588$3,710$2,977$2,373$1,880$933
21 years$4,324$3,456$2,738$2,153$1,682$799
22 years$4,084$3,226$2,524$1,958$1,508$686
23 years$3,865$3,017$2,330$1,783$1,353$589
24 years$3,665$2,827$2,155$1,626$1,216$506
25 years$3,481$2,653$1,996$1,485$1,095$435
26 years$3,311$2,493$1,851$1,358$986$375
27 years$3,154$2,347$1,719$1,243$889$322
28 years$3,009$2,211$1,598$1,139$802$278
29 years$2,874$2,086$1,487$1,044$724$239
30 years$2,748$1,970$1,385$958$654$206
31 years$2,631$1,862$1,291$880$592$178
32 years$2,521$1,762$1,205$809$535$153
33 years$2,418$1,669$1,125$744$484$132
34 years$2,321$1,582$1,051$684$439$114
35 years$2,230$1,500$983$630$397$98
36 years$2,144$1,424$919$580$360$85
37 years$2,063$1,352$861$535$326$73
38 years$1,987$1,285$806$493$296$63
39 years$1,914$1,222$755$454$268$55
40 years$1,846$1,163$708$419$243$47
41 years$1,781$1,107$664$387$221$41
42 years$1,719$1,054$622$357$200$35
43 years$1,660$1,004$584$329$182$30
44 years$1,604$957$548$304$165$26
45 years$1,551$913$515$281$150$23
46 years$1,500$871$484$259$136$20
47 years$1,451$831$454$240$123$17
48 years$1,405$793$427$222$112$15
49 years$1,361$758$401$205$102$13
50 years$1,318$724$377$189$92$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,350,000, adding $3,524 every year, while hoping to spend $37,682 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: 75/15/10 Blend
62$1,350,000$1,350,000$1,350,000$1,350,000
63$1,491,335$1,419,785$1,398,860$1,600,247
64$1,603,358$1,449,261$1,405,628$1,701,984
65$1,725,544$1,478,919$1,411,361$1,808,340
66$1,858,890$1,508,727$1,415,982$1,923,833
67$2,004,495$1,538,651$1,419,415$2,049,355
68$2,163,564$1,568,656$1,421,576$2,185,892
69$2,337,429$1,598,702$1,422,381$2,334,526
70$2,527,553$1,628,745$1,421,737$2,496,454
71$2,735,549$1,658,739$1,419,551$2,672,988
72$2,963,191$1,688,633$1,415,722$2,865,580
73$3,212,435$1,718,374$1,410,146$3,075,824
74$3,485,431$1,747,902$1,402,714$3,305,479
75$3,784,551$1,777,155$1,393,311$3,556,483
76$4,112,404$1,806,065$1,381,816$3,830,970
77$4,471,867$1,834,560$1,368,104$4,131,292
78$4,866,104$1,862,560$1,352,042$4,460,039
79$5,298,604$1,889,983$1,333,493$4,820,069
80$5,773,208$1,916,738$1,312,311$5,214,525
81$6,294,147$1,942,730$1,288,346$5,646,875
82$6,866,082$1,967,856$1,261,438$6,120,939
83$7,494,148$1,992,006$1,231,421$6,640,925
84$8,183,999$2,015,063$1,198,122$7,211,472
85$8,941,867$2,036,901$1,161,359$7,837,692
86$9,774,615$2,057,387$1,120,942$8,525,216
87$10,689,805$2,076,378$1,076,673$9,280,251
88$11,695,767$2,093,722$1,028,343$10,109,637
89$12,801,678$2,109,258$975,735$11,020,912
90$14,017,650$2,122,812$918,623$12,022,382
91$15,354,822$2,134,202$856,769$13,123,202
92$16,825,468$2,143,232$789,925$14,333,458
93$18,443,111$2,149,695$717,833$15,664,268
94$20,222,648$2,153,371$640,220$17,127,883
95$22,180,496$2,154,024$556,805$18,737,806
96$24,334,742$2,151,406$467,293$20,508,914
97$26,705,313$2,145,252$371,375$22,457,607
98$29,314,168$2,135,282$268,729$24,601,955
99$32,185,501$2,121,199$159,019$26,961,873
100$35,345,970$2,102,686$41,895$29,559,310