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%13.2%
1 years$118,914$117,855$116,821$115,813$114,828$113,299
2 years$58,868$57,772$56,709$55,679$54,680$53,142
3 years$38,856$37,755$36,695$35,674$34,691$33,192
4 years$28,851$27,754$26,704$25,701$24,742$23,293
5 years$22,850$21,759$20,724$19,741$18,808$17,414
6 years$18,851$17,768$16,748$15,787$14,883$13,545
7 years$15,995$14,922$13,917$12,979$12,103$10,822
8 years$13,855$12,791$11,803$10,888$10,041$8,816
9 years$12,191$11,136$10,166$9,274$8,456$7,287
10 years$10,860$9,816$8,863$7,994$7,205$6,092
11 years$9,772$8,739$7,803$6,958$6,196$5,137
12 years$8,866$7,843$6,925$6,103$5,370$4,363
13 years$8,100$7,088$6,187$5,388$4,683$3,728
14 years$7,444$6,443$5,559$4,783$4,105$3,200
15 years$6,876$5,886$5,019$4,265$3,614$2,758
16 years$6,380$5,400$4,550$3,819$3,194$2,385
17 years$5,942$4,973$4,141$3,431$2,832$2,069
18 years$5,554$4,596$3,780$3,092$2,518$1,798
19 years$5,206$4,259$3,460$2,794$2,245$1,567
20 years$4,894$3,958$3,176$2,531$2,005$1,367
21 years$4,612$3,687$2,921$2,297$1,794$1,195
22 years$4,356$3,441$2,692$2,088$1,608$1,046
23 years$4,123$3,218$2,486$1,902$1,444$917
24 years$3,909$3,016$2,299$1,735$1,298$804
25 years$3,713$2,830$2,129$1,584$1,168$706
26 years$3,532$2,660$1,975$1,448$1,052$620
27 years$3,364$2,503$1,834$1,326$948$545
28 years$3,209$2,359$1,705$1,215$856$480
29 years$3,065$2,225$1,586$1,114$773$422
30 years$2,931$2,101$1,478$1,022$698$372
31 years$2,806$1,986$1,378$939$631$327
32 years$2,689$1,880$1,285$863$571$288
33 years$2,579$1,780$1,200$794$517$254
34 years$2,476$1,687$1,121$730$468$224
35 years$2,379$1,600$1,048$672$424$198
36 years$2,287$1,519$981$619$384$174
37 years$2,201$1,442$918$570$348$154
38 years$2,119$1,371$860$526$315$136
39 years$2,042$1,304$805$485$286$120
40 years$1,969$1,240$755$447$259$106
41 years$1,899$1,181$708$412$235$93
42 years$1,833$1,124$664$381$214$82
43 years$1,771$1,071$623$351$194$73
44 years$1,711$1,021$585$324$176$64
45 years$1,654$974$549$300$160$57
46 years$1,600$929$516$277$145$50
47 years$1,548$886$485$256$132$44
48 years$1,499$846$455$236$120$39
49 years$1,451$808$428$218$109$34
50 years$1,406$772$402$202$99$30

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 $4,535 every year, while hoping to spend $53,055 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: 36/47/17 Blend
62$1,440,000$1,440,000$1,440,000$1,440,000
63$1,591,558$1,515,238$1,492,918$1,640,453
64$1,697,447$1,533,034$1,486,480$1,694,105
65$1,812,358$1,549,925$1,478,049$1,746,655
66$1,937,156$1,565,809$1,467,501$1,802,263
67$2,072,791$1,580,579$1,454,708$1,861,230
68$2,220,310$1,594,121$1,439,535$1,923,892
69$2,380,863$1,606,314$1,421,840$1,990,621
70$2,555,715$1,617,028$1,401,477$2,061,829
71$2,746,261$1,626,125$1,378,289$2,137,974
72$2,954,033$1,633,458$1,352,115$2,219,562
73$3,180,718$1,638,872$1,322,785$2,307,158
74$3,428,175$1,642,201$1,290,122$2,401,386
75$3,698,448$1,643,267$1,253,940$2,502,936
76$3,993,788$1,641,885$1,214,045$2,612,576
77$4,316,672$1,637,856$1,170,233$2,731,155
78$4,669,829$1,630,967$1,122,293$2,859,615
79$5,056,263$1,620,996$1,070,001$2,998,997
80$5,479,283$1,607,705$1,013,126$3,150,457
81$5,942,529$1,590,842$951,426$3,315,273
82$6,450,014$1,570,141$884,645$3,494,860
83$7,006,154$1,545,317$812,520$3,690,784
84$7,615,816$1,516,071$734,773$3,904,780
85$8,284,356$1,482,086$651,116$4,138,766
86$9,017,678$1,443,025$561,245$4,394,865
87$9,822,279$1,398,532$464,845$4,675,423
88$10,705,322$1,348,230$361,587$4,983,039
89$11,674,692$1,291,720$251,127$5,320,584
90$12,739,076$1,228,580$133,106$5,691,233
91$13,908,045$1,158,363$7,148$6,098,498
92$15,192,140$1,080,598$0$6,546,260
93$16,602,976$994,785$0$7,061,893
94$18,153,346$900,395$0$7,629,937
95$19,857,344$796,873$0$8,254,410
96$21,730,500$683,626$0$8,941,182
97$23,789,921$560,034$0$9,696,732
98$26,054,454$425,436$0$10,528,211
99$28,544,866$279,140$0$11,443,516
100$31,284,034$120,410$0$12,451,360