Can I retire at age 63 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$106,527$105,578$104,652$103,749$102,866$100,748
2 years$52,736$51,754$50,802$49,879$48,984$46,860
3 years$34,808$33,822$32,872$31,958$31,077$29,013
4 years$25,846$24,863$23,923$23,024$22,165$20,176
5 years$20,470$19,493$18,565$17,685$16,849$14,943
6 years$16,887$15,917$15,003$14,143$13,332$11,509
7 years$14,329$13,367$12,468$11,627$10,843$9,104
8 years$12,411$11,458$10,574$9,754$8,995$7,340
9 years$10,921$9,976$9,107$8,308$7,575$6,002
10 years$9,729$8,794$7,940$7,162$6,454$4,962
11 years$8,754$7,829$6,990$6,233$5,551$4,138
12 years$7,943$7,026$6,203$5,467$4,810$3,474
13 years$7,256$6,350$5,542$4,827$4,195$2,933
14 years$6,669$5,772$4,980$4,284$3,677$2,487
15 years$6,160$5,273$4,496$3,821$3,238$2,117
16 years$5,715$4,838$4,076$3,421$2,861$1,808
17 years$5,323$4,455$3,709$3,074$2,537$1,548
18 years$4,975$4,117$3,386$2,770$2,256$1,328
19 years$4,664$3,815$3,100$2,503$2,011$1,142
20 years$4,384$3,545$2,845$2,267$1,796$983
21 years$4,132$3,302$2,617$2,058$1,607$848
22 years$3,902$3,083$2,412$1,871$1,441$732
23 years$3,693$2,883$2,227$1,704$1,293$633
24 years$3,502$2,701$2,059$1,554$1,162$547
25 years$3,326$2,535$1,907$1,419$1,046$473
26 years$3,164$2,383$1,769$1,298$942$410
27 years$3,014$2,242$1,643$1,188$849$355
28 years$2,875$2,113$1,527$1,088$766$308
29 years$2,746$1,993$1,421$998$692$267
30 years$2,626$1,882$1,324$916$625$232
31 years$2,514$1,780$1,234$841$565$201
32 years$2,409$1,684$1,151$773$511$175
33 years$2,310$1,595$1,075$711$463$152
34 years$2,218$1,511$1,004$654$419$132
35 years$2,131$1,433$939$602$380$114
36 years$2,049$1,361$879$555$344$99
37 years$1,971$1,292$822$511$312$86
38 years$1,898$1,228$770$471$283$75
39 years$1,829$1,168$721$434$256$65
40 years$1,764$1,111$676$400$232$57
41 years$1,701$1,058$634$370$211$49
42 years$1,642$1,007$595$341$191$43
43 years$1,586$960$558$315$174$37
44 years$1,533$915$524$291$158$32
45 years$1,482$872$492$268$143$28
46 years$1,433$832$462$248$130$24
47 years$1,387$794$434$229$118$21
48 years$1,342$758$408$212$107$18
49 years$1,300$724$383$196$97$16
50 years$1,259$692$360$181$88$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,290,000, adding $6,820 every year, while hoping to spend $57,717 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: 40/50/10 Blend
62$1,290,000$1,290,000$1,290,000$1,290,000
63$1,428,615$1,360,245$1,340,250$1,481,214
64$1,512,923$1,365,486$1,323,738$1,524,118
65$1,603,896$1,369,050$1,304,738$1,564,258
66$1,702,154$1,370,794$1,283,107$1,606,385
67$1,808,375$1,370,564$1,258,692$1,650,705
68$1,923,308$1,368,200$1,231,337$1,697,446
69$2,047,773$1,363,531$1,200,875$1,746,864
70$2,182,676$1,356,373$1,167,134$1,799,243
71$2,329,009$1,346,535$1,129,933$1,854,901
72$2,487,864$1,333,811$1,089,082$1,914,194
73$2,660,443$1,317,985$1,044,383$1,977,517
74$2,848,067$1,298,826$995,629$2,045,310
75$3,052,192$1,276,090$942,605$2,118,064
76$3,274,417$1,249,520$885,083$2,196,326
77$3,516,502$1,218,841$822,828$2,280,704
78$3,780,384$1,183,763$755,592$2,371,876
79$4,068,196$1,143,981$683,117$2,470,592
80$4,382,285$1,099,169$605,134$2,577,690
81$4,725,234$1,048,983$521,362$2,694,100
82$5,099,886$993,062$431,506$2,820,854
83$5,509,372$931,019$335,259$2,959,099
84$5,957,138$862,449$232,300$3,110,108
85$6,446,979$786,923$122,295$3,275,295
86$6,983,074$703,985$4,895$3,456,226
87$7,570,024$613,156$0$3,654,641
88$8,212,894$513,929$0$3,885,314
89$8,917,266$405,768$0$4,138,929
90$9,689,283$288,106$0$4,417,375
91$10,535,713$160,346$0$4,723,321
92$11,464,009$21,857$0$5,059,721
93$12,482,382$0$0$5,429,846
94$13,599,874$0$0$5,907,751
95$14,826,446$0$0$6,445,681
96$16,173,068$0$0$7,036,443
97$17,651,827$0$0$7,685,361
98$19,276,036$0$0$8,398,302
99$21,060,362$0$0$9,181,728
100$23,020,961$0$0$10,042,757