Can I retire at age 63 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$115,611$114,581$113,576$112,596$111,638$109,608
2 years$57,233$56,167$55,134$54,132$53,161$51,123
3 years$37,776$36,706$35,675$34,683$33,727$31,745
4 years$28,050$26,983$25,963$24,987$24,055$22,143
5 years$22,216$21,155$20,148$19,193$18,286$16,451
6 years$18,327$17,274$16,283$15,349$14,469$12,712
7 years$15,551$14,507$13,531$12,619$11,767$10,089
8 years$13,470$12,435$11,475$10,586$9,762$8,163
9 years$11,852$10,827$9,884$9,017$8,221$6,699
10 years$10,558$9,544$8,617$7,772$7,005$5,559
11 years$9,501$8,496$7,586$6,764$6,024$4,653
12 years$8,620$7,626$6,732$5,933$5,221$3,922
13 years$7,875$6,891$6,015$5,238$4,552$3,324
14 years$7,237$6,264$5,405$4,650$3,991$2,831
15 years$6,685$5,722$4,880$4,147$3,514$2,420
16 years$6,203$5,250$4,424$3,713$3,105$2,075
17 years$5,777$4,835$4,026$3,336$2,753$1,784
18 years$5,399$4,468$3,675$3,007$2,448$1,538
19 years$5,062$4,141$3,364$2,717$2,182$1,328
20 years$4,758$3,848$3,088$2,460$1,949$1,149
21 years$4,484$3,584$2,840$2,233$1,744$995
22 years$4,235$3,346$2,617$2,030$1,563$863
23 years$4,008$3,129$2,417$1,849$1,403$749
24 years$3,800$2,932$2,235$1,686$1,261$651
25 years$3,609$2,751$2,070$1,540$1,135$566
26 years$3,434$2,586$1,920$1,408$1,022$493
27 years$3,271$2,434$1,783$1,289$922$429
28 years$3,120$2,293$1,657$1,181$832$374
29 years$2,980$2,163$1,542$1,083$751$326
30 years$2,850$2,043$1,437$994$679$284
31 years$2,728$1,931$1,339$913$614$248
32 years$2,614$1,827$1,250$839$555$216
33 years$2,507$1,731$1,167$771$502$188
34 years$2,407$1,640$1,090$710$455$165
35 years$2,312$1,556$1,019$653$412$144
36 years$2,224$1,477$953$602$373$125
37 years$2,140$1,402$892$554$338$110
38 years$2,060$1,333$836$511$307$96
39 years$1,985$1,267$783$471$278$84
40 years$1,914$1,206$734$435$252$73
41 years$1,847$1,148$688$401$229$64
42 years$1,782$1,093$646$370$208$56
43 years$1,721$1,042$606$342$188$49
44 years$1,663$993$569$315$171$43
45 years$1,608$947$534$291$155$37
46 years$1,555$903$501$269$141$32
47 years$1,505$862$471$249$128$28
48 years$1,457$823$443$230$116$25
49 years$1,411$786$416$212$106$22
50 years$1,367$751$391$196$96$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,400,000, adding $2,584 every year, while hoping to spend $57,430 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: 75/14/11 Blend
62$1,400,000$1,400,000$1,400,000$1,400,000
63$1,545,465$1,471,265$1,449,565$1,657,959
64$1,641,998$1,482,252$1,437,021$1,743,481
65$1,746,452$1,491,853$1,422,131$1,829,697
66$1,859,574$1,499,938$1,404,757$1,922,578
67$1,982,188$1,506,372$1,384,753$2,022,767
68$2,115,195$1,511,008$1,361,967$2,130,972
69$2,259,590$1,513,693$1,336,238$2,247,973
70$2,416,466$1,514,261$1,307,399$2,374,632
71$2,587,024$1,512,539$1,275,276$2,511,895
72$2,772,588$1,508,341$1,239,685$2,660,809
73$2,974,613$1,501,470$1,200,435$2,822,526
74$3,194,700$1,491,719$1,157,326$2,998,316
75$3,434,610$1,478,864$1,110,148$3,189,580
76$3,696,285$1,462,673$1,058,682$3,397,861
77$3,981,857$1,442,895$1,002,699$3,624,860
78$4,293,677$1,419,267$941,960$3,872,455
79$4,634,331$1,391,511$876,215$4,142,714
80$5,006,668$1,359,329$805,203$4,437,918
81$5,413,821$1,322,409$728,650$4,760,580
82$5,859,242$1,280,419$646,271$5,113,473
83$6,346,733$1,233,008$557,769$5,499,652
84$6,880,477$1,179,803$462,833$5,922,488
85$7,465,085$1,120,412$361,137$6,385,694
86$8,105,631$1,054,420$252,342$6,893,367
87$8,807,705$981,385$136,095$7,450,021
88$9,577,461$900,844$12,025$8,060,633
89$10,421,682$812,305$0$8,730,693
90$11,347,833$715,248$0$9,480,379
91$12,364,141$609,123$0$10,304,657
92$13,479,665$493,352$0$11,209,517
93$14,704,385$367,321$0$12,203,118
94$16,049,296$230,383$0$13,294,450
95$17,526,507$81,855$0$14,493,422
96$19,149,359$0$0$15,810,954
97$20,932,550$0$0$17,271,250
98$22,892,269$0$0$18,890,028
99$25,046,355$0$0$20,669,422
100$27,414,458$0$0$22,625,670