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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$114,785$113,762$112,765$111,791$110,841$107,250
2 years$56,824$55,766$54,740$53,746$52,781$49,197
3 years$37,507$36,444$35,421$34,435$33,487$30,022
4 years$27,850$26,790$25,777$24,809$23,883$20,564
5 years$22,057$21,004$20,004$19,056$18,155$14,991
6 years$18,196$17,151$16,166$15,239$14,366$11,359
7 years$15,440$14,403$13,434$12,529$11,683$8,833
8 years$13,374$12,346$11,393$10,510$9,692$6,997
9 years$11,767$10,750$9,813$8,952$8,162$5,619
10 years$10,483$9,475$8,555$7,717$6,955$4,560
11 years$9,433$8,435$7,532$6,716$5,981$3,730
12 years$8,558$7,571$6,684$5,891$5,183$3,070
13 years$7,819$6,842$5,972$5,201$4,520$2,540
14 years$7,186$6,219$5,366$4,617$3,962$2,110
15 years$6,637$5,681$4,845$4,117$3,489$1,759
16 years$6,158$5,213$4,392$3,687$3,083$1,470
17 years$5,736$4,801$3,997$3,312$2,734$1,232
18 years$5,361$4,436$3,649$2,985$2,431$1,034
19 years$5,025$4,111$3,340$2,697$2,167$869
20 years$4,724$3,820$3,065$2,443$1,935$731
21 years$4,452$3,559$2,820$2,217$1,732$616
22 years$4,205$3,322$2,599$2,016$1,552$520
23 years$3,979$3,107$2,399$1,836$1,393$439
24 years$3,773$2,911$2,219$1,674$1,252$370
25 years$3,584$2,732$2,055$1,529$1,127$313
26 years$3,409$2,567$1,906$1,398$1,015$265
27 years$3,248$2,416$1,770$1,280$915$224
28 years$3,098$2,277$1,646$1,173$826$189
29 years$2,959$2,148$1,531$1,075$746$160
30 years$2,829$2,028$1,426$987$674$136
31 years$2,709$1,918$1,330$906$609$115
32 years$2,595$1,814$1,241$833$551$97
33 years$2,489$1,718$1,158$766$499$82
34 years$2,390$1,628$1,082$705$452$70
35 years$2,296$1,545$1,012$649$409$59
36 years$2,208$1,466$947$597$371$50
37 years$2,124$1,392$886$551$336$42
38 years$2,046$1,323$830$507$304$36
39 years$1,971$1,258$777$468$276$30
40 years$1,900$1,197$729$432$250$26
41 years$1,833$1,140$683$398$227$22
42 years$1,770$1,085$641$367$206$18
43 years$1,709$1,034$601$339$187$16
44 years$1,652$986$565$313$170$13
45 years$1,597$940$530$289$154$11
46 years$1,544$897$498$267$140$10
47 years$1,494$856$468$247$127$8
48 years$1,447$817$440$228$115$7
49 years$1,401$780$413$211$105$6
50 years$1,357$745$388$195$95$5

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 $4,344 every year, while hoping to spend $43,082 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: 60/23/17 Blend
62$1,390,000$1,390,000$1,390,000$1,390,000
63$1,536,261$1,462,591$1,441,046$1,621,489
64$1,647,121$1,488,419$1,443,482$1,705,382
65$1,767,844$1,514,069$1,444,556$1,791,695
66$1,899,392$1,539,486$1,444,176$1,884,856
67$2,042,821$1,564,612$1,442,247$1,985,535
68$2,199,296$1,589,385$1,438,669$2,094,468
69$2,370,096$1,613,736$1,433,337$2,212,468
70$2,556,632$1,637,596$1,426,140$2,340,429
71$2,760,455$1,660,884$1,416,962$2,479,339
72$2,983,274$1,683,520$1,405,683$2,630,287
73$3,226,970$1,705,415$1,392,175$2,794,473
74$3,493,614$1,726,474$1,376,307$2,973,220
75$3,785,487$1,746,595$1,357,937$3,167,988
76$4,105,100$1,765,672$1,336,921$3,380,385
77$4,455,219$1,783,588$1,313,107$3,612,185
78$4,838,888$1,800,221$1,286,333$3,865,346
79$5,259,463$1,815,440$1,256,434$4,142,023
80$5,720,638$1,829,106$1,223,233$4,444,595
81$6,226,480$1,841,070$1,186,549$4,775,685
82$6,781,473$1,851,174$1,146,190$5,138,184
83$7,390,550$1,859,249$1,101,955$5,535,280
84$8,059,151$1,865,117$1,053,635$5,970,488
85$8,793,265$1,868,587$1,001,012$6,447,686
86$9,599,488$1,869,459$943,856$6,971,145
87$10,485,090$1,867,516$881,929$7,545,579
88$11,458,076$1,862,531$814,981$8,176,183
89$12,527,267$1,854,262$742,750$8,868,684
90$13,702,380$1,842,453$664,964$9,629,399
91$14,994,121$1,826,832$581,339$10,465,289
92$16,414,284$1,807,109$491,576$11,384,032
93$17,975,862$1,782,978$395,365$12,394,090
94$19,693,172$1,754,116$292,381$13,504,796
95$21,581,986$1,720,179$182,287$14,726,435
96$23,659,683$1,680,801$64,728$16,070,348
97$25,945,409$1,635,599$0$17,549,038
98$28,460,261$1,584,164$0$19,187,303
99$31,227,484$1,526,064$0$21,002,569
100$34,272,688$1,460,842$0$22,999,904