Can I retire at age 63 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$118,914$117,855$116,821$115,813$114,828$113,393
2 years$58,868$57,772$56,709$55,679$54,680$53,236
3 years$38,856$37,755$36,695$35,674$34,691$33,283
4 years$28,851$27,754$26,704$25,701$24,742$23,381
5 years$22,850$21,759$20,724$19,741$18,808$17,498
6 years$18,851$17,768$16,748$15,787$14,883$13,625
7 years$15,995$14,922$13,917$12,979$12,103$10,898
8 years$13,855$12,791$11,803$10,888$10,041$8,888
9 years$12,191$11,136$10,166$9,274$8,456$7,356
10 years$10,860$9,816$8,863$7,994$7,205$6,156
11 years$9,772$8,739$7,803$6,958$6,196$5,198
12 years$8,866$7,843$6,925$6,103$5,370$4,421
13 years$8,100$7,088$6,187$5,388$4,683$3,782
14 years$7,444$6,443$5,559$4,783$4,105$3,251
15 years$6,876$5,886$5,019$4,265$3,614$2,806
16 years$6,380$5,400$4,550$3,819$3,194$2,430
17 years$5,942$4,973$4,141$3,431$2,832$2,110
18 years$5,554$4,596$3,780$3,092$2,518$1,837
19 years$5,206$4,259$3,460$2,794$2,245$1,603
20 years$4,894$3,958$3,176$2,531$2,005$1,401
21 years$4,612$3,687$2,921$2,297$1,794$1,226
22 years$4,356$3,441$2,692$2,088$1,608$1,075
23 years$4,123$3,218$2,486$1,902$1,444$943
24 years$3,909$3,016$2,299$1,735$1,298$829
25 years$3,713$2,830$2,129$1,584$1,168$729
26 years$3,532$2,660$1,975$1,448$1,052$641
27 years$3,364$2,503$1,834$1,326$948$565
28 years$3,209$2,359$1,705$1,215$856$497
29 years$3,065$2,225$1,586$1,114$773$439
30 years$2,931$2,101$1,478$1,022$698$387
31 years$2,806$1,986$1,378$939$631$341
32 years$2,689$1,880$1,285$863$571$301
33 years$2,579$1,780$1,200$794$517$266
34 years$2,476$1,687$1,121$730$468$235
35 years$2,379$1,600$1,048$672$424$207
36 years$2,287$1,519$981$619$384$183
37 years$2,201$1,442$918$570$348$162
38 years$2,119$1,371$860$526$315$143
39 years$2,042$1,304$805$485$286$127
40 years$1,969$1,240$755$447$259$112
41 years$1,899$1,181$708$412$235$99
42 years$1,833$1,124$664$381$214$87
43 years$1,771$1,071$623$351$194$77
44 years$1,711$1,021$585$324$176$68
45 years$1,654$974$549$300$160$61
46 years$1,600$929$516$277$145$54
47 years$1,548$886$485$256$132$47
48 years$1,499$846$455$236$120$42
49 years$1,451$808$428$218$109$37
50 years$1,406$772$402$202$99$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,440,000, adding $3,173 every year, while hoping to spend $25,046 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: 58/20/22 Blend
62$1,440,000$1,440,000$1,440,000$1,440,000
63$1,590,153$1,513,833$1,491,513$1,672,840
64$1,725,700$1,561,362$1,514,830$1,777,033
65$1,874,233$1,610,381$1,538,088$1,887,606
66$2,037,051$1,660,935$1,561,260$2,007,614
67$2,215,583$1,713,074$1,584,315$2,137,973
68$2,411,404$1,766,846$1,607,221$2,279,694
69$2,626,248$1,822,303$1,629,945$2,433,887
70$2,862,026$1,879,496$1,652,449$2,601,778
71$3,120,843$1,938,481$1,674,696$2,784,714
72$3,405,015$1,999,314$1,696,645$2,984,179
73$3,717,098$2,062,051$1,718,253$3,201,807
74$4,059,903$2,126,753$1,739,476$3,439,399
75$4,436,530$2,193,481$1,760,265$3,698,937
76$4,850,392$2,262,297$1,780,570$3,982,606
77$5,305,250$2,333,268$1,800,337$4,292,810
78$5,805,247$2,406,460$1,819,510$4,632,199
79$6,354,949$2,481,942$1,838,030$5,003,692
80$6,959,383$2,559,786$1,855,833$5,410,504
81$7,624,090$2,640,066$1,872,854$5,856,176
82$8,355,175$2,722,858$1,889,022$6,344,611
83$9,159,364$2,808,239$1,904,266$6,880,108
84$10,044,068$2,896,291$1,918,507$7,467,401
85$11,017,449$2,987,096$1,931,664$8,111,710
86$12,088,506$3,080,741$1,943,652$8,818,781
87$13,267,150$3,177,313$1,954,380$9,594,951
88$14,564,303$3,276,905$1,963,755$10,447,195
89$15,991,998$3,379,609$1,971,677$11,383,204
90$17,563,495$3,485,523$1,978,041$12,411,449
91$19,293,405$3,594,747$1,982,739$13,541,265
92$21,197,826$3,707,384$1,985,655$14,782,937
93$23,294,497$3,823,539$1,986,668$16,147,798
94$25,602,966$3,943,322$1,985,651$17,648,336
95$28,144,770$4,066,847$1,982,472$19,298,311
96$30,943,643$4,194,228$1,976,991$21,112,884
97$34,025,736$4,325,587$1,969,061$23,108,764
98$37,419,866$4,461,046$1,958,530$25,304,359
99$41,157,789$4,600,733$1,945,237$27,719,957
100$45,274,493$4,744,779$1,929,013$30,377,912