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%13.4%
1 years$116,436$115,399$114,387$113,400$112,435$110,847
2 years$57,642$56,568$55,528$54,519$53,541$51,943
3 years$38,046$36,968$35,930$34,931$33,968$32,412
4 years$28,250$27,175$26,148$25,166$24,227$22,723
5 years$22,374$21,306$20,292$19,330$18,417$16,970
6 years$18,458$17,398$16,399$15,458$14,572$13,185
7 years$15,662$14,611$13,628$12,709$11,851$10,523
8 years$13,566$12,524$11,557$10,661$9,832$8,563
9 years$11,937$10,904$9,954$9,081$8,280$7,069
10 years$10,634$9,612$8,678$7,828$7,055$5,902
11 years$9,569$8,557$7,640$6,813$6,067$4,971
12 years$8,681$7,680$6,781$5,976$5,258$4,217
13 years$7,931$6,941$6,058$5,276$4,585$3,598
14 years$7,289$6,309$5,443$4,683$4,019$3,085
15 years$6,733$5,763$4,914$4,176$3,539$2,655
16 years$6,247$5,288$4,456$3,740$3,128$2,293
17 years$5,818$4,870$4,054$3,360$2,773$1,986
18 years$5,438$4,500$3,701$3,028$2,466$1,724
19 years$5,098$4,170$3,388$2,736$2,198$1,500
20 years$4,792$3,875$3,110$2,478$1,963$1,307
21 years$4,516$3,610$2,860$2,249$1,757$1,140
22 years$4,265$3,370$2,636$2,045$1,575$997
23 years$4,037$3,151$2,434$1,862$1,414$872
24 years$3,827$2,953$2,251$1,698$1,270$764
25 years$3,635$2,771$2,085$1,551$1,143$669
26 years$3,458$2,604$1,934$1,418$1,030$587
27 years$3,294$2,451$1,796$1,298$928$515
28 years$3,143$2,309$1,669$1,189$838$453
29 years$3,002$2,179$1,553$1,091$756$398
30 years$2,870$2,058$1,447$1,001$684$350
31 years$2,747$1,945$1,349$919$618$307
32 years$2,633$1,840$1,259$845$559$270
33 years$2,525$1,743$1,175$777$506$238
34 years$2,424$1,652$1,098$715$458$209
35 years$2,329$1,567$1,026$658$415$184
36 years$2,239$1,487$960$606$376$162
37 years$2,155$1,412$899$558$341$143
38 years$2,075$1,342$842$515$309$126
39 years$1,999$1,276$789$475$280$111
40 years$1,928$1,214$739$438$254$98
41 years$1,860$1,156$693$404$230$86
42 years$1,795$1,101$650$373$209$76
43 years$1,734$1,049$610$344$190$67
44 years$1,675$1,000$573$318$172$59
45 years$1,620$953$538$293$156$52
46 years$1,566$910$505$271$142$46
47 years$1,516$868$474$250$129$40
48 years$1,467$829$446$231$117$36
49 years$1,421$791$419$214$106$31
50 years$1,377$756$394$198$97$28

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 $2,560 every year, while hoping to spend $39,251 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: 23/50/27 Blend
62$1,410,000$1,410,000$1,410,000$1,410,000
63$1,556,461$1,481,731$1,459,876$1,578,889
64$1,673,457$1,512,573$1,467,019$1,629,244
65$1,801,071$1,543,610$1,473,086$1,679,636
66$1,940,345$1,574,812$1,477,999$1,732,750
67$2,092,425$1,606,143$1,481,677$1,788,835
68$2,258,574$1,637,565$1,484,034$1,848,169
69$2,440,181$1,669,038$1,484,981$1,911,055
70$2,638,775$1,700,516$1,484,424$1,977,833
71$2,856,041$1,731,953$1,482,263$2,048,877
72$3,093,834$1,763,295$1,478,396$2,124,602
73$3,354,196$1,794,487$1,472,713$2,205,463
74$3,639,375$1,825,469$1,465,100$2,291,970
75$3,951,849$1,856,175$1,455,439$2,384,681
76$4,294,345$1,886,535$1,443,603$2,484,216
77$4,669,867$1,916,473$1,429,463$2,591,262
78$5,081,723$1,945,911$1,412,879$2,706,576
79$5,533,558$1,974,759$1,393,710$2,830,996
80$6,029,385$2,002,927$1,371,804$2,965,448
81$6,573,626$2,030,314$1,347,003$3,110,959
82$7,171,151$2,056,814$1,319,142$3,268,659
83$7,827,324$2,082,313$1,288,049$3,439,802
84$8,548,055$2,106,691$1,253,543$3,625,771
85$9,339,855$2,129,817$1,215,434$3,828,096
86$10,209,895$2,151,553$1,173,526$4,048,466
87$11,166,076$2,171,751$1,127,611$4,288,750
88$12,217,103$2,190,254$1,077,474$4,551,010
89$13,372,566$2,206,895$1,022,888$4,837,528
90$14,643,030$2,221,494$963,616$5,150,820
91$16,040,134$2,233,863$899,412$5,493,670
92$17,576,703$2,243,798$830,019$5,869,149
93$19,266,868$2,251,085$755,165$6,280,652
94$21,126,196$2,255,496$674,571$6,731,925
95$23,171,840$2,256,787$587,941$7,227,108
96$25,422,698$2,254,700$494,968$7,770,768
97$27,899,595$2,248,962$395,331$8,367,952
98$30,625,475$2,239,283$288,695$9,024,229
99$33,625,618$2,225,352$174,712$9,745,748
100$36,927,881$2,206,844$53,014$10,539,295