Can I retire at age 63 with 1,410,000?

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 $1,410,000?

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%
1 years$116,436$115,399$114,387$113,400$112,435$108,749
2 years$57,642$56,568$55,528$54,519$53,541$49,862
3 years$38,046$36,968$35,930$34,931$33,968$30,413
4 years$28,250$27,175$26,148$25,166$24,227$20,821
5 years$22,374$21,306$20,292$19,330$18,417$15,171
6 years$18,458$17,398$16,399$15,458$14,572$11,489
7 years$15,662$14,611$13,628$12,709$11,851$8,929
8 years$13,566$12,524$11,557$10,661$9,832$7,069
9 years$11,937$10,904$9,954$9,081$8,280$5,673
10 years$10,634$9,612$8,678$7,828$7,055$4,601
11 years$9,569$8,557$7,640$6,813$6,067$3,761
12 years$8,681$7,680$6,781$5,976$5,258$3,094
13 years$7,931$6,941$6,058$5,276$4,585$2,558
14 years$7,289$6,309$5,443$4,683$4,019$2,124
15 years$6,733$5,763$4,914$4,176$3,539$1,769
16 years$6,247$5,288$4,456$3,740$3,128$1,478
17 years$5,818$4,870$4,054$3,360$2,773$1,237
18 years$5,438$4,500$3,701$3,028$2,466$1,037
19 years$5,098$4,170$3,388$2,736$2,198$871
20 years$4,792$3,875$3,110$2,478$1,963$733
21 years$4,516$3,610$2,860$2,249$1,757$617
22 years$4,265$3,370$2,636$2,045$1,575$520
23 years$4,037$3,151$2,434$1,862$1,414$438
24 years$3,827$2,953$2,251$1,698$1,270$370
25 years$3,635$2,771$2,085$1,551$1,143$312
26 years$3,458$2,604$1,934$1,418$1,030$264
27 years$3,294$2,451$1,796$1,298$928$223
28 years$3,143$2,309$1,669$1,189$838$188
29 years$3,002$2,179$1,553$1,091$756$159
30 years$2,870$2,058$1,447$1,001$684$135
31 years$2,747$1,945$1,349$919$618$114
32 years$2,633$1,840$1,259$845$559$96
33 years$2,525$1,743$1,175$777$506$82
34 years$2,424$1,652$1,098$715$458$69
35 years$2,329$1,567$1,026$658$415$58
36 years$2,239$1,487$960$606$376$49
37 years$2,155$1,412$899$558$341$42
38 years$2,075$1,342$842$515$309$35
39 years$1,999$1,276$789$475$280$30
40 years$1,928$1,214$739$438$254$25
41 years$1,860$1,156$693$404$230$21
42 years$1,795$1,101$650$373$209$18
43 years$1,734$1,049$610$344$190$15
44 years$1,675$1,000$573$318$172$13
45 years$1,620$953$538$293$156$11
46 years$1,566$910$505$271$142$9
47 years$1,516$868$474$250$129$8
48 years$1,467$829$446$231$117$7
49 years$1,421$791$419$214$106$6
50 years$1,377$756$394$198$97$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,410,000, adding $3,045 every year, while hoping to spend $33,220 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: 63/11/26 Blend
62$1,410,000$1,410,000$1,410,000$1,410,000
63$1,556,961$1,482,231$1,460,376$1,644,142
64$1,680,425$1,519,514$1,473,953$1,740,824
65$1,815,369$1,557,511$1,486,871$1,842,454
66$1,962,929$1,596,222$1,499,073$1,952,734
67$2,124,356$1,635,644$1,510,500$2,072,518
68$2,301,026$1,675,777$1,521,087$2,202,745
69$2,494,456$1,716,615$1,530,769$2,344,448
70$2,706,315$1,758,154$1,539,475$2,498,768
71$2,938,443$1,800,388$1,547,131$2,666,961
72$3,192,865$1,843,307$1,553,661$2,850,412
73$3,471,811$1,886,903$1,558,982$3,050,645
74$3,777,738$1,931,163$1,563,010$3,269,342
75$4,113,351$1,976,074$1,565,655$3,508,357
76$4,481,630$2,021,619$1,566,822$3,769,730
77$4,885,858$2,067,781$1,566,412$4,055,713
78$5,329,652$2,114,538$1,564,323$4,368,785
79$5,816,993$2,161,867$1,560,445$4,711,681
80$6,352,271$2,209,743$1,554,664$5,087,413
81$6,940,318$2,258,136$1,546,861$5,499,301
82$7,586,459$2,307,013$1,536,909$5,951,005
83$8,296,561$2,356,340$1,524,679$6,446,558
84$9,077,087$2,406,077$1,510,032$6,990,406
85$9,935,156$2,456,181$1,492,824$7,587,449
86$10,878,612$2,506,604$1,472,904$8,243,086
87$11,916,098$2,557,295$1,450,114$8,963,269
88$13,057,135$2,608,198$1,424,288$9,754,557
89$14,312,215$2,659,251$1,395,253$10,624,182
90$15,692,895$2,710,389$1,362,829$11,580,110
91$17,211,910$2,761,538$1,326,824$12,631,124
92$18,883,293$2,812,622$1,287,040$13,786,905
93$20,722,504$2,863,555$1,243,271$15,058,119
94$22,746,577$2,914,247$1,195,299$16,456,525
95$24,974,283$2,964,600$1,142,896$17,995,082
96$27,426,302$3,014,508$1,085,826$19,688,073
97$30,125,424$3,063,858$1,023,840$21,551,239
98$33,096,758$3,112,528$956,679$23,601,930
99$36,367,972$3,160,386$884,073$25,859,265
100$39,969,554$3,207,293$805,737$28,344,321