Can I retire at age 63 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$114,785$113,762$112,765$111,791$110,841$106,908
2 years$56,824$55,766$54,740$53,746$52,781$48,861
3 years$37,507$36,444$35,421$34,435$33,487$29,702
4 years$27,850$26,790$25,777$24,809$23,883$20,263
5 years$22,057$21,004$20,004$19,056$18,155$14,710
6 years$18,196$17,151$16,166$15,239$14,366$11,097
7 years$15,440$14,403$13,434$12,529$11,683$8,590
8 years$13,374$12,346$11,393$10,510$9,692$6,773
9 years$11,767$10,750$9,813$8,952$8,162$5,412
10 years$10,483$9,475$8,555$7,717$6,955$4,370
11 years$9,433$8,435$7,532$6,716$5,981$3,556
12 years$8,558$7,571$6,684$5,891$5,183$2,912
13 years$7,819$6,842$5,972$5,201$4,520$2,396
14 years$7,186$6,219$5,366$4,617$3,962$1,979
15 years$6,637$5,681$4,845$4,117$3,489$1,641
16 years$6,158$5,213$4,392$3,687$3,083$1,363
17 years$5,736$4,801$3,997$3,312$2,734$1,135
18 years$5,361$4,436$3,649$2,985$2,431$947
19 years$5,025$4,111$3,340$2,697$2,167$791
20 years$4,724$3,820$3,065$2,443$1,935$662
21 years$4,452$3,559$2,820$2,217$1,732$554
22 years$4,205$3,322$2,599$2,016$1,552$465
23 years$3,979$3,107$2,399$1,836$1,393$390
24 years$3,773$2,911$2,219$1,674$1,252$327
25 years$3,584$2,732$2,055$1,529$1,127$275
26 years$3,409$2,567$1,906$1,398$1,015$231
27 years$3,248$2,416$1,770$1,280$915$194
28 years$3,098$2,277$1,646$1,173$826$163
29 years$2,959$2,148$1,531$1,075$746$137
30 years$2,829$2,028$1,426$987$674$115
31 years$2,709$1,918$1,330$906$609$97
32 years$2,595$1,814$1,241$833$551$81
33 years$2,489$1,718$1,158$766$499$69
34 years$2,390$1,628$1,082$705$452$58
35 years$2,296$1,545$1,012$649$409$48
36 years$2,208$1,466$947$597$371$41
37 years$2,124$1,392$886$551$336$34
38 years$2,046$1,323$830$507$304$29
39 years$1,971$1,258$777$468$276$24
40 years$1,900$1,197$729$432$250$20
41 years$1,833$1,140$683$398$227$17
42 years$1,770$1,085$641$367$206$14
43 years$1,709$1,034$601$339$187$12
44 years$1,652$986$565$313$170$10
45 years$1,597$940$530$289$154$9
46 years$1,544$897$498$267$140$7
47 years$1,494$856$468$247$127$6
48 years$1,447$817$440$228$115$5
49 years$1,401$780$413$211$105$4
50 years$1,357$745$388$195$95$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,390,000, adding $3,349 every year, while hoping to spend $47,950 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: 42/35/23 Blend
62$1,390,000$1,390,000$1,390,000$1,390,000
63$1,535,234$1,461,564$1,440,019$1,589,247
64$1,640,810$1,482,163$1,437,242$1,648,702
65$1,755,547$1,502,163$1,432,764$1,708,194
66$1,880,330$1,521,486$1,426,478$1,771,661
67$2,016,130$1,540,046$1,418,272$1,839,494
68$2,164,019$1,557,751$1,408,027$1,912,128
69$2,325,172$1,574,505$1,395,620$1,990,041
70$2,500,887$1,590,202$1,380,920$2,073,765
71$2,692,589$1,604,734$1,363,792$2,163,887
72$2,901,847$1,617,980$1,344,094$2,261,056
73$3,130,391$1,629,816$1,321,676$2,365,992
74$3,380,121$1,640,107$1,296,383$2,479,487
75$3,653,132$1,648,712$1,268,050$2,602,420
76$3,951,730$1,655,477$1,236,509$2,735,762
77$4,278,453$1,660,242$1,201,579$2,880,587
78$4,636,097$1,662,836$1,163,073$3,038,081
79$5,027,740$1,663,076$1,120,797$3,209,556
80$5,456,771$1,660,768$1,074,545$3,396,461
81$5,926,924$1,655,708$1,024,105$3,600,397
82$6,442,310$1,647,677$969,252$3,823,135
83$7,007,456$1,636,444$909,752$4,066,630
84$7,627,350$1,621,763$845,363$4,333,042
85$8,307,486$1,603,375$775,828$4,624,758
86$9,053,912$1,581,004$700,881$4,944,414
87$9,873,295$1,554,356$620,244$5,294,921
88$10,772,975$1,523,124$533,626$5,679,494
89$11,761,039$1,486,978$440,724$6,101,685
90$12,846,396$1,445,571$341,219$6,565,412
91$14,038,861$1,398,536$234,782$7,075,007
92$15,349,244$1,345,483$121,066$7,635,246
93$16,789,456$1,286,001$0$8,251,408
94$18,372,619$1,219,654$0$8,929,386
95$20,113,190$1,145,981$0$9,707,250
96$22,027,096$1,064,494$0$10,562,450
97$24,131,885$974,680$0$11,502,918
98$26,446,890$875,992$0$12,537,401
99$28,993,412$767,855$0$13,675,547
100$31,794,922$649,661$0$14,927,994