Can I retire at age 63 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$117,262$116,218$115,199$114,204$113,233$109,085
2 years$58,051$56,969$55,922$54,906$53,920$49,788
3 years$38,316$37,230$36,185$35,179$34,209$30,222
4 years$28,451$27,368$26,333$25,344$24,398$20,586
5 years$22,533$21,457$20,436$19,467$18,547$14,921
6 years$18,589$17,521$16,515$15,568$14,676$11,237
7 years$15,773$14,714$13,724$12,799$11,935$8,684
8 years$13,662$12,613$11,639$10,737$9,902$6,835
9 years$12,021$10,982$10,025$9,145$8,339$5,452
10 years$10,709$9,680$8,740$7,883$7,105$4,393
11 years$9,636$8,617$7,694$6,861$6,110$3,568
12 years$8,743$7,735$6,829$6,018$5,295$2,916
13 years$7,988$6,990$6,101$5,313$4,617$2,394
14 years$7,341$6,354$5,482$4,716$4,048$1,974
15 years$6,781$5,804$4,949$4,206$3,564$1,633
16 years$6,291$5,325$4,487$3,766$3,150$1,354
17 years$5,860$4,904$4,083$3,384$2,793$1,125
18 years$5,476$4,532$3,727$3,049$2,483$936
19 years$5,134$4,200$3,412$2,755$2,213$781
20 years$4,826$3,903$3,132$2,496$1,977$652
21 years$4,548$3,635$2,880$2,265$1,769$544
22 years$4,295$3,393$2,655$2,059$1,586$455
23 years$4,065$3,174$2,451$1,875$1,424$381
24 years$3,855$2,974$2,267$1,711$1,280$319
25 years$3,661$2,791$2,100$1,562$1,151$267
26 years$3,483$2,623$1,947$1,428$1,037$224
27 years$3,318$2,468$1,808$1,307$935$188
28 years$3,165$2,326$1,681$1,198$844$157
29 years$3,023$2,194$1,564$1,098$762$132
30 years$2,891$2,072$1,457$1,008$688$111
31 years$2,767$1,959$1,358$926$622$93
32 years$2,651$1,854$1,267$851$563$78
33 years$2,543$1,755$1,183$782$509$65
34 years$2,441$1,664$1,106$720$461$55
35 years$2,346$1,578$1,034$663$418$46
36 years$2,255$1,498$967$610$379$39
37 years$2,170$1,422$905$562$343$32
38 years$2,090$1,352$848$518$311$27
39 years$2,014$1,285$794$478$282$23
40 years$1,941$1,223$744$441$256$19
41 years$1,873$1,164$698$407$232$16
42 years$1,808$1,109$655$375$211$14
43 years$1,746$1,056$614$347$191$11
44 years$1,687$1,007$577$320$173$10
45 years$1,631$960$541$295$158$8
46 years$1,578$916$509$273$143$7
47 years$1,527$874$478$252$130$6
48 years$1,478$835$449$233$118$5
49 years$1,431$797$422$215$107$4
50 years$1,386$761$397$199$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,420,000, adding $4,017 every year, while hoping to spend $33,463 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: 61/15/24 Blend
62$1,420,000$1,420,000$1,420,000$1,420,000
63$1,568,984$1,493,724$1,471,714$1,654,462
64$1,693,415$1,531,312$1,485,412$1,750,504
65$1,829,418$1,569,620$1,498,447$1,851,276
66$1,978,136$1,608,649$1,510,762$1,960,533
67$2,140,830$1,648,396$1,522,297$2,079,107
68$2,318,887$1,688,861$1,532,987$2,207,915
69$2,513,837$1,730,038$1,542,765$2,347,967
70$2,727,362$1,771,924$1,551,561$2,500,377
71$2,961,316$1,814,511$1,559,301$2,666,371
72$3,217,739$1,857,791$1,565,907$2,847,301
73$3,498,881$1,901,755$1,571,297$3,044,656
74$3,807,216$1,946,390$1,575,385$3,260,078
75$4,145,472$1,991,683$1,578,080$3,495,374
76$4,516,652$2,037,618$1,579,288$3,752,539
77$4,924,066$2,084,177$1,578,910$4,033,769
78$5,371,357$2,131,338$1,576,840$4,341,485
79$5,862,541$2,179,079$1,572,969$4,678,355
80$6,402,040$2,227,373$1,567,183$5,047,319
81$6,994,725$2,276,192$1,559,361$5,451,619
82$7,645,965$2,325,502$1,549,377$5,894,825
83$8,361,670$2,375,269$1,537,098$6,380,874
84$9,148,356$2,425,453$1,522,387$6,914,104
85$10,013,198$2,476,010$1,505,096$7,499,296
86$10,964,103$2,526,893$1,485,076$8,141,721
87$12,009,782$2,578,051$1,462,166$8,847,187
88$13,159,831$2,629,427$1,436,200$9,622,094
89$14,424,824$2,680,959$1,407,003$10,473,497
90$15,816,411$2,732,581$1,374,392$11,409,173
91$17,347,428$2,784,221$1,338,178$12,437,691
92$19,032,017$2,835,799$1,298,158$13,568,496
93$20,885,762$2,887,233$1,254,126$14,811,999
94$22,925,832$2,938,429$1,205,862$16,179,673
95$25,171,146$2,989,291$1,153,137$17,684,164
96$27,642,548$3,039,712$1,095,712$19,339,408
97$30,363,008$3,089,577$1,033,338$21,160,765
98$33,357,833$3,138,765$965,753$23,165,164
99$36,654,911$3,187,143$892,685$25,371,265
100$40,284,970$3,234,572$813,848$27,799,629