Can I retire at age 63 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$113,959$112,944$111,954$110,987$110,043$108,623
2 years$56,415$55,365$54,346$53,359$52,401$50,973
3 years$37,237$36,181$35,166$34,188$33,246$31,853
4 years$27,649$26,597$25,592$24,630$23,711$22,365
5 years$21,898$20,853$19,860$18,918$18,025$16,729
6 years$18,065$17,028$16,050$15,129$14,262$13,018
7 years$15,329$14,300$13,338$12,439$11,599$10,408
8 years$13,277$12,258$11,311$10,434$9,623$8,484
9 years$11,683$10,672$9,742$8,888$8,104$7,016
10 years$10,407$9,407$8,494$7,661$6,905$5,869
11 years$9,365$8,375$7,478$6,668$5,938$4,952
12 years$8,497$7,517$6,636$5,848$5,146$4,209
13 years$7,763$6,793$5,929$5,163$4,487$3,598
14 years$7,134$6,175$5,327$4,583$3,934$3,091
15 years$6,590$5,641$4,810$4,088$3,463$2,666
16 years$6,114$5,175$4,361$3,660$3,061$2,307
17 years$5,695$4,766$3,968$3,288$2,714$2,002
18 years$5,322$4,404$3,622$2,964$2,413$1,742
19 years$4,989$4,082$3,316$2,678$2,151$1,519
20 years$4,690$3,793$3,043$2,425$1,921$1,326
21 years$4,420$3,533$2,799$2,201$1,719$1,160
22 years$4,174$3,298$2,580$2,001$1,541$1,016
23 years$3,951$3,084$2,382$1,823$1,383$891
24 years$3,746$2,890$2,203$1,662$1,243$782
25 years$3,558$2,712$2,041$1,518$1,119$687
26 years$3,384$2,549$1,893$1,388$1,008$604
27 years$3,224$2,399$1,757$1,271$909$532
28 years$3,076$2,260$1,634$1,164$820$468
29 years$2,938$2,132$1,520$1,068$740$412
30 years$2,809$2,014$1,416$980$669$363
31 years$2,689$1,904$1,320$900$605$320
32 years$2,577$1,801$1,232$827$547$282
33 years$2,471$1,706$1,150$760$495$249
34 years$2,372$1,617$1,075$700$448$220
35 years$2,279$1,533$1,005$644$406$194
36 years$2,192$1,455$940$593$368$171
37 years$2,109$1,382$880$547$333$151
38 years$2,031$1,314$824$504$302$134
39 years$1,957$1,249$772$464$274$118
40 years$1,887$1,189$723$428$249$104
41 years$1,820$1,131$678$395$226$92
42 years$1,757$1,078$636$365$205$81
43 years$1,697$1,027$597$337$186$72
44 years$1,640$979$560$311$169$63
45 years$1,585$933$526$287$153$56
46 years$1,533$890$494$265$139$50
47 years$1,484$850$464$245$126$44
48 years$1,436$811$436$226$115$39
49 years$1,391$774$410$209$104$34
50 years$1,347$740$386$193$95$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,380,000, adding $2,048 every year, while hoping to spend $44,425 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: 78/5/17 Blend
62$1,380,000$1,380,000$1,380,000$1,380,000
63$1,522,873$1,449,733$1,428,343$1,635,806
64$1,630,938$1,473,502$1,428,924$1,734,374
65$1,748,536$1,496,946$1,428,036$1,836,662
66$1,876,595$1,520,004$1,425,583$1,947,649
67$2,016,130$1,542,607$1,421,463$2,068,189
68$2,168,265$1,564,684$1,415,571$2,199,223
69$2,334,231$1,586,157$1,407,796$2,341,789
70$2,515,387$1,606,944$1,398,022$2,497,030
71$2,713,228$1,626,955$1,386,127$2,666,203
72$2,929,399$1,646,097$1,371,984$2,850,696
73$3,165,711$1,664,269$1,355,458$3,052,037
74$3,424,158$1,681,363$1,336,411$3,271,910
75$3,706,936$1,697,264$1,314,695$3,512,172
76$4,016,464$1,711,850$1,290,157$3,774,867
77$4,355,403$1,724,991$1,262,638$4,062,250
78$4,726,686$1,736,547$1,231,967$4,376,802
79$5,133,541$1,746,371$1,197,971$4,721,263
80$5,579,524$1,754,305$1,160,466$5,098,646
81$6,068,552$1,760,183$1,119,258$5,512,278
82$6,604,939$1,763,825$1,074,147$5,965,821
83$7,193,434$1,765,045$1,024,922$6,463,312
84$7,839,272$1,763,640$971,365$7,009,200
85$8,548,217$1,759,397$913,245$7,608,390
86$9,326,618$1,752,091$850,322$8,266,285
87$10,181,471$1,741,481$782,345$8,988,840
88$11,120,480$1,727,313$709,053$9,782,621
89$12,152,134$1,709,316$630,171$10,654,861
90$13,285,783$1,687,204$545,413$11,613,533
91$14,531,730$1,660,674$454,482$12,667,424
92$15,901,323$1,629,404$357,064$13,826,217
93$17,407,067$1,593,053$252,834$15,100,586
94$19,062,737$1,551,261$141,453$16,502,294
95$20,883,509$1,503,646$22,565$18,044,302
96$22,886,106$1,449,804$0$19,740,900
97$25,088,951$1,389,307$0$21,626,754
98$27,512,343$1,321,702$0$23,705,894
99$30,178,647$1,246,510$0$25,993,422
100$33,112,505$1,163,225$0$28,510,493