Can I retire at age 63 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$104,050$103,123$102,219$101,336$100,474$98,810
2 years$51,510$50,550$49,621$48,719$47,845$46,173
3 years$33,999$33,035$32,108$31,215$30,355$28,727
4 years$25,245$24,284$23,366$22,489$21,649$20,079
5 years$19,994$19,039$18,133$17,273$16,457$14,948
6 years$16,495$15,547$14,654$13,814$13,022$11,576
7 years$13,996$13,056$12,178$11,357$10,591$9,208
8 years$12,123$11,192$10,328$9,527$8,786$7,467
9 years$10,667$9,744$8,895$8,115$7,399$6,143
10 years$9,502$8,589$7,755$6,995$6,304$5,110
11 years$8,551$7,646$6,827$6,088$5,422$4,288
12 years$7,758$6,863$6,059$5,340$4,699$3,623
13 years$7,088$6,202$5,414$4,714$4,097$3,079
14 years$6,514$5,638$4,864$4,185$3,592$2,629
15 years$6,017$5,150$4,392$3,732$3,162$2,254
16 years$5,582$4,725$3,982$3,342$2,795$1,938
17 years$5,199$4,352$3,623$3,003$2,478$1,671
18 years$4,859$4,021$3,307$2,706$2,203$1,445
19 years$4,555$3,727$3,028$2,445$1,964$1,251
20 years$4,282$3,463$2,779$2,214$1,754$1,086
21 years$4,036$3,226$2,556$2,010$1,570$943
22 years$3,811$3,011$2,356$1,827$1,407$820
23 years$3,607$2,816$2,175$1,664$1,263$714
24 years$3,420$2,639$2,012$1,518$1,135$623
25 years$3,248$2,476$1,863$1,386$1,022$543
26 years$3,090$2,327$1,728$1,267$920$474
27 years$2,944$2,190$1,605$1,160$830$414
28 years$2,808$2,064$1,492$1,063$749$362
29 years$2,682$1,947$1,388$975$676$317
30 years$2,565$1,839$1,293$895$611$277
31 years$2,455$1,738$1,205$822$552$242
32 years$2,353$1,645$1,125$755$500$212
33 years$2,256$1,558$1,050$694$452$186
34 years$2,166$1,476$981$639$409$163
35 years$2,081$1,400$917$588$371$142
36 years$2,001$1,329$858$542$336$125
37 years$1,926$1,262$803$499$304$109
38 years$1,854$1,200$752$460$276$96
39 years$1,787$1,141$705$424$250$84
40 years$1,723$1,085$660$391$227$74
41 years$1,662$1,033$619$361$206$65
42 years$1,604$984$581$333$187$57
43 years$1,549$937$545$307$170$50
44 years$1,497$894$512$284$154$43
45 years$1,447$852$480$262$140$38
46 years$1,400$813$451$242$127$33
47 years$1,355$776$424$224$115$29
48 years$1,311$740$398$207$105$26
49 years$1,270$707$374$191$95$23
50 years$1,230$675$352$177$86$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,260,000, adding $4,034 every year, while hoping to spend $44,936 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: 55/22/23 Blend
62$1,260,000$1,260,000$1,260,000$1,260,000
63$1,392,681$1,325,901$1,306,371$1,460,316
64$1,486,923$1,343,059$1,302,323$1,524,310
65$1,589,272$1,359,551$1,296,633$1,588,909
66$1,700,506$1,375,298$1,289,199$1,658,311
67$1,821,484$1,390,214$1,279,914$1,732,991
68$1,953,149$1,404,208$1,268,664$1,813,472
69$2,096,539$1,417,183$1,255,333$1,900,333
70$2,252,796$1,429,034$1,239,797$1,994,213
71$2,423,176$1,439,653$1,221,926$2,095,819
72$2,609,065$1,448,920$1,201,585$2,205,929
73$2,811,984$1,456,712$1,178,632$2,325,404
74$3,033,610$1,462,894$1,152,920$2,455,195
75$3,275,788$1,467,325$1,124,292$2,596,350
76$3,540,549$1,469,856$1,092,587$2,750,027
77$3,830,131$1,470,325$1,057,635$2,917,506
78$4,146,997$1,468,563$1,019,258$3,100,197
79$4,493,858$1,464,390$977,271$3,299,660
80$4,873,701$1,457,614$931,478$3,517,612
81$5,289,813$1,448,032$881,678$3,755,954
82$5,745,818$1,435,430$827,658$4,016,779
83$6,245,703$1,419,577$769,196$4,302,401
84$6,793,862$1,400,233$706,061$4,615,371
85$7,395,132$1,377,141$638,010$4,958,504
86$8,054,843$1,350,029$564,791$5,334,909
87$8,778,865$1,318,608$486,140$5,748,014
88$9,573,664$1,282,575$401,780$6,201,602
89$10,446,361$1,241,605$311,424$6,699,847
90$11,404,804$1,195,357$214,771$7,247,356
91$12,457,635$1,143,471$111,506$7,849,207
92$13,614,375$1,085,562$1,303$8,511,007
93$14,885,514$1,021,227$0$9,238,937
94$16,282,606$950,037$0$10,068,362
95$17,818,383$871,540$0$10,980,458
96$19,506,871$785,258$0$11,983,296
97$21,363,521$690,685$0$13,086,123
98$23,405,358$587,286$0$14,299,134
99$25,651,139$474,498$0$15,633,568
100$28,121,531$351,724$0$17,101,811