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%17%
1 years$116,436$115,399$114,387$113,400$112,435$109,230
2 years$57,642$56,568$55,528$54,519$53,541$50,337
3 years$38,046$36,968$35,930$34,931$33,968$30,866
4 years$28,250$27,175$26,148$25,166$24,227$21,249
5 years$22,374$21,306$20,292$19,330$18,417$15,572
6 years$18,458$17,398$16,399$15,458$14,572$11,864
7 years$15,662$14,611$13,628$12,709$11,851$9,279
8 years$13,566$12,524$11,557$10,661$9,832$7,394
9 years$11,937$10,904$9,954$9,081$8,280$5,974
10 years$10,634$9,612$8,678$7,828$7,055$4,878
11 years$9,569$8,557$7,640$6,813$6,067$4,016
12 years$8,681$7,680$6,781$5,976$5,258$3,328
13 years$7,931$6,941$6,058$5,276$4,585$2,772
14 years$7,289$6,309$5,443$4,683$4,019$2,319
15 years$6,733$5,763$4,914$4,176$3,539$1,947
16 years$6,247$5,288$4,456$3,740$3,128$1,639
17 years$5,818$4,870$4,054$3,360$2,773$1,383
18 years$5,438$4,500$3,701$3,028$2,466$1,169
19 years$5,098$4,170$3,388$2,736$2,198$990
20 years$4,792$3,875$3,110$2,478$1,963$840
21 years$4,516$3,610$2,860$2,249$1,757$713
22 years$4,265$3,370$2,636$2,045$1,575$606
23 years$4,037$3,151$2,434$1,862$1,414$516
24 years$3,827$2,953$2,251$1,698$1,270$439
25 years$3,635$2,771$2,085$1,551$1,143$374
26 years$3,458$2,604$1,934$1,418$1,030$319
27 years$3,294$2,451$1,796$1,298$928$272
28 years$3,143$2,309$1,669$1,189$838$232
29 years$3,002$2,179$1,553$1,091$756$198
30 years$2,870$2,058$1,447$1,001$684$169
31 years$2,747$1,945$1,349$919$618$144
32 years$2,633$1,840$1,259$845$559$123
33 years$2,525$1,743$1,175$777$506$105
34 years$2,424$1,652$1,098$715$458$90
35 years$2,329$1,567$1,026$658$415$77
36 years$2,239$1,487$960$606$376$65
37 years$2,155$1,412$899$558$341$56
38 years$2,075$1,342$842$515$309$48
39 years$1,999$1,276$789$475$280$41
40 years$1,928$1,214$739$438$254$35
41 years$1,860$1,156$693$404$230$30
42 years$1,795$1,101$650$373$209$25
43 years$1,734$1,049$610$344$190$22
44 years$1,675$1,000$573$318$172$19
45 years$1,620$953$538$293$156$16
46 years$1,566$910$505$271$142$14
47 years$1,516$868$474$250$129$12
48 years$1,467$829$446$231$117$10
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$7

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 $2,356 every year, while hoping to spend $56,794 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: 46/45/9 Blend
62$1,410,000$1,410,000$1,410,000$1,410,000
63$1,556,250$1,481,520$1,459,665$1,623,842
64$1,654,559$1,493,686$1,448,136$1,682,872
65$1,760,993$1,504,545$1,434,316$1,740,803
66$1,876,318$1,513,972$1,418,071$1,802,344
67$2,001,382$1,521,836$1,399,255$1,867,849
68$2,137,114$1,527,997$1,377,721$1,937,710
69$2,284,535$1,532,304$1,353,310$2,012,358
70$2,444,770$1,534,599$1,325,858$2,092,275
71$2,619,056$1,534,715$1,295,194$2,177,991
72$2,808,754$1,532,470$1,261,138$2,270,096
73$3,015,363$1,527,677$1,223,501$2,369,242
74$3,240,528$1,520,132$1,182,087$2,476,150
75$3,486,066$1,509,621$1,136,691$2,591,621
76$3,753,970$1,495,919$1,087,095$2,716,538
77$4,046,439$1,478,783$1,033,077$2,851,882
78$4,365,891$1,457,958$974,401$2,998,736
79$4,714,989$1,433,175$910,820$3,158,299
80$5,096,664$1,404,147$842,078$3,331,899
81$5,514,143$1,370,569$767,907$3,521,003
82$5,970,980$1,332,121$688,027$3,727,236
83$6,471,087$1,288,463$602,143$3,952,393
84$7,018,775$1,239,234$509,951$4,198,459
85$7,618,787$1,184,054$411,132$4,467,633
86$8,276,349$1,122,518$305,351$4,762,340
87$8,997,217$1,054,202$192,260$5,085,265
88$9,787,728$978,653$71,496$5,439,376
89$10,654,865$895,396$0$5,827,949
90$11,606,317$803,926$0$6,260,121
91$12,650,553$703,710$0$6,742,069
92$13,796,904$594,186$0$7,271,384
93$15,055,646$474,760$0$7,852,995
94$16,438,101$344,802$0$8,492,344
95$17,956,740$203,650$0$9,195,440
96$19,625,302$50,603$0$9,968,917
97$21,458,922$0$0$10,820,097
98$23,474,273$0$0$11,814,050
99$25,689,727$0$0$12,934,414
100$28,125,521$0$0$14,166,387