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%17.4%
1 years$114,785$113,762$112,765$111,791$110,841$107,508
2 years$56,824$55,766$54,740$53,746$52,781$49,452
3 years$37,507$36,444$35,421$34,435$33,487$30,264
4 years$27,850$26,790$25,777$24,809$23,883$20,793
5 years$22,057$21,004$20,004$19,056$18,155$15,206
6 years$18,196$17,151$16,166$15,239$14,366$11,560
7 years$15,440$14,403$13,434$12,529$11,683$9,020
8 years$13,374$12,346$11,393$10,510$9,692$7,171
9 years$11,767$10,750$9,813$8,952$8,162$5,780
10 years$10,483$9,475$8,555$7,717$6,955$4,708
11 years$9,433$8,435$7,532$6,716$5,981$3,866
12 years$8,558$7,571$6,684$5,891$5,183$3,195
13 years$7,819$6,842$5,972$5,201$4,520$2,654
14 years$7,186$6,219$5,366$4,617$3,962$2,214
15 years$6,637$5,681$4,845$4,117$3,489$1,854
16 years$6,158$5,213$4,392$3,687$3,083$1,556
17 years$5,736$4,801$3,997$3,312$2,734$1,309
18 years$5,361$4,436$3,649$2,985$2,431$1,104
19 years$5,025$4,111$3,340$2,697$2,167$932
20 years$4,724$3,820$3,065$2,443$1,935$788
21 years$4,452$3,559$2,820$2,217$1,732$667
22 years$4,205$3,322$2,599$2,016$1,552$565
23 years$3,979$3,107$2,399$1,836$1,393$479
24 years$3,773$2,911$2,219$1,674$1,252$407
25 years$3,584$2,732$2,055$1,529$1,127$345
26 years$3,409$2,567$1,906$1,398$1,015$293
27 years$3,248$2,416$1,770$1,280$915$249
28 years$3,098$2,277$1,646$1,173$826$212
29 years$2,959$2,148$1,531$1,075$746$180
30 years$2,829$2,028$1,426$987$674$153
31 years$2,709$1,918$1,330$906$609$130
32 years$2,595$1,814$1,241$833$551$111
33 years$2,489$1,718$1,158$766$499$94
34 years$2,390$1,628$1,082$705$452$80
35 years$2,296$1,545$1,012$649$409$68
36 years$2,208$1,466$947$597$371$58
37 years$2,124$1,392$886$551$336$50
38 years$2,046$1,323$830$507$304$42
39 years$1,971$1,258$777$468$276$36
40 years$1,900$1,197$729$432$250$31
41 years$1,833$1,140$683$398$227$26
42 years$1,770$1,085$641$367$206$22
43 years$1,709$1,034$601$339$187$19
44 years$1,652$986$565$313$170$16
45 years$1,597$940$530$289$154$14
46 years$1,544$897$498$267$140$12
47 years$1,494$856$468$247$127$10
48 years$1,447$817$440$228$115$8
49 years$1,401$780$413$211$105$7
50 years$1,357$745$388$195$95$6

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 $2,552 every year, while hoping to spend $43,635 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: 49/29/22 Blend
62$1,390,000$1,390,000$1,390,000$1,390,000
63$1,534,412$1,460,742$1,439,197$1,599,966
64$1,644,495$1,485,891$1,440,983$1,670,976
65$1,764,344$1,510,810$1,441,366$1,743,465
66$1,894,909$1,535,442$1,440,254$1,821,315
67$2,037,235$1,559,724$1,437,548$1,905,051
68$2,192,474$1,583,591$1,433,146$1,995,252
69$2,361,891$1,606,972$1,426,942$2,092,554
70$2,546,881$1,629,791$1,418,822$2,197,663
71$2,748,978$1,651,966$1,408,668$2,311,355
72$2,969,873$1,673,411$1,396,357$2,434,488
73$3,211,424$1,694,033$1,381,759$2,568,009
74$3,475,680$1,713,731$1,364,739$2,712,963
75$3,764,897$1,732,401$1,345,154$2,870,503
76$4,081,556$1,749,928$1,322,857$3,041,902
77$4,428,392$1,766,192$1,297,690$3,228,565
78$4,808,417$1,781,065$1,269,492$3,432,040
79$5,224,947$1,794,409$1,238,091$3,654,039
80$5,681,635$1,806,078$1,203,310$3,896,450
81$6,182,502$1,815,916$1,164,962$4,161,353
82$6,731,980$1,823,759$1,122,851$4,451,049
83$7,334,949$1,829,430$1,076,773$4,768,072
84$7,996,785$1,832,743$1,026,516$5,115,219
85$8,723,408$1,833,498$971,856$5,495,578
86$9,521,342$1,831,486$912,559$5,912,552
87$10,397,772$1,826,482$848,383$6,369,900
88$11,360,613$1,818,248$779,072$6,871,764
89$12,418,585$1,806,532$704,361$7,422,717
90$13,581,295$1,791,066$623,971$8,027,802
91$14,859,326$1,771,567$537,613$8,692,580
92$16,264,338$1,747,734$444,983$9,423,189
93$17,809,175$1,719,248$345,765$10,226,394
94$19,507,991$1,685,771$239,628$11,109,662
95$21,376,378$1,646,946$126,227$12,081,224
96$23,431,515$1,602,393$5,203$13,150,160
97$25,692,331$1,551,712$0$14,326,483
98$28,179,680$1,494,477$0$15,650,334
99$30,916,541$1,430,240$0$17,107,989
100$33,928,232$1,358,525$0$18,711,750