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%13.4%
1 years$111,482$110,489$109,520$108,574$107,651$106,130
2 years$55,189$54,161$53,165$52,199$51,262$49,733
3 years$36,427$35,395$34,401$33,445$32,523$31,033
4 years$27,048$26,019$25,035$24,095$23,196$21,756
5 years$21,422$20,399$19,428$18,507$17,633$16,248
6 years$17,673$16,657$15,701$14,800$13,952$12,624
7 years$14,996$13,989$13,048$12,168$11,347$10,075
8 years$12,989$11,991$11,065$10,208$9,413$8,198
9 years$11,429$10,440$9,531$8,695$7,927$6,769
10 years$10,181$9,203$8,309$7,495$6,755$5,651
11 years$9,161$8,193$7,315$6,523$5,809$4,760
12 years$8,312$7,353$6,492$5,721$5,034$4,038
13 years$7,594$6,645$5,800$5,051$4,390$3,445
14 years$6,979$6,040$5,211$4,484$3,848$2,953
15 years$6,446$5,518$4,705$3,999$3,388$2,542
16 years$5,981$5,063$4,266$3,580$2,994$2,195
17 years$5,571$4,662$3,882$3,217$2,655$1,901
18 years$5,206$4,308$3,544$2,899$2,361$1,650
19 years$4,881$3,993$3,244$2,620$2,104$1,436
20 years$4,588$3,710$2,977$2,373$1,880$1,251
21 years$4,324$3,456$2,738$2,153$1,682$1,092
22 years$4,084$3,226$2,524$1,958$1,508$954
23 years$3,865$3,017$2,330$1,783$1,353$835
24 years$3,665$2,827$2,155$1,626$1,216$731
25 years$3,481$2,653$1,996$1,485$1,095$641
26 years$3,311$2,493$1,851$1,358$986$562
27 years$3,154$2,347$1,719$1,243$889$493
28 years$3,009$2,211$1,598$1,139$802$433
29 years$2,874$2,086$1,487$1,044$724$381
30 years$2,748$1,970$1,385$958$654$335
31 years$2,631$1,862$1,291$880$592$294
32 years$2,521$1,762$1,205$809$535$259
33 years$2,418$1,669$1,125$744$484$228
34 years$2,321$1,582$1,051$684$439$201
35 years$2,230$1,500$983$630$397$177
36 years$2,144$1,424$919$580$360$155
37 years$2,063$1,352$861$535$326$137
38 years$1,987$1,285$806$493$296$121
39 years$1,914$1,222$755$454$268$106
40 years$1,846$1,163$708$419$243$94
41 years$1,781$1,107$664$387$221$82
42 years$1,719$1,054$622$357$200$73
43 years$1,660$1,004$584$329$182$64
44 years$1,604$957$548$304$165$56
45 years$1,551$913$515$281$150$50
46 years$1,500$871$484$259$136$44
47 years$1,451$831$454$240$123$39
48 years$1,405$793$427$222$112$34
49 years$1,361$758$401$205$102$30
50 years$1,318$724$377$189$92$26

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 $5,290 every year, while hoping to spend $52,866 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: 59/36/5 Blend
62$1,350,000$1,350,000$1,350,000$1,350,000
63$1,493,157$1,421,607$1,400,682$1,579,623
64$1,589,210$1,435,016$1,391,355$1,651,562
65$1,693,288$1,447,311$1,379,945$1,723,426
66$1,806,155$1,458,381$1,366,325$1,800,431
67$1,928,649$1,468,108$1,350,363$1,883,073
68$2,061,693$1,476,367$1,331,922$1,971,896
69$2,206,301$1,483,025$1,310,857$2,067,503
70$2,363,591$1,487,940$1,287,017$2,170,558
71$2,534,790$1,490,961$1,260,245$2,281,795
72$2,721,249$1,491,929$1,230,374$2,402,024
73$2,924,457$1,490,674$1,197,232$2,532,140
74$3,146,049$1,487,015$1,160,637$2,673,128
75$3,387,828$1,480,760$1,120,400$2,826,079
76$3,651,776$1,471,707$1,076,323$2,992,194
77$3,940,076$1,459,640$1,028,199$3,172,801
78$4,255,131$1,444,329$975,810$3,369,365
79$4,599,586$1,425,533$918,932$3,583,503
80$4,976,355$1,402,995$857,327$3,817,000
81$5,388,643$1,376,442$790,747$4,071,825
82$5,839,983$1,345,586$718,936$4,350,153
83$6,334,263$1,310,121$641,622$4,654,382
84$6,875,765$1,269,725$558,524$4,987,160
85$7,469,207$1,224,055$469,347$5,351,411
86$8,119,780$1,172,748$373,785$5,750,357
87$8,833,207$1,115,422$271,516$6,187,558
88$9,615,787$1,051,671$162,205$6,666,940
89$10,474,461$981,066$45,503$7,192,835
90$11,416,872$903,154$0$7,770,024
91$12,451,441$817,456$0$8,407,997
92$13,587,442$723,466$0$9,111,222
93$14,835,093$620,647$0$9,883,709
94$16,205,648$508,435$0$10,732,562
95$17,711,508$386,232$0$11,665,618
96$19,366,331$253,407$0$12,691,520
97$21,185,167$109,293$0$13,819,800
98$23,184,592$0$0$15,060,972
99$25,382,873$0$0$16,445,175
100$27,800,132$0$0$18,014,993