Can I retire at age 63 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$107,353$106,397$105,464$104,553$103,664$100,466
2 years$53,145$52,155$51,196$50,266$49,364$46,170
3 years$35,078$34,084$33,127$32,206$31,318$28,229
4 years$26,046$25,055$24,108$23,202$22,337$19,375
5 years$20,629$19,644$18,709$17,822$16,980$14,154
6 years$17,018$16,041$15,120$14,252$13,436$10,748
7 years$14,440$13,471$12,564$11,718$10,927$8,378
8 years$12,508$11,547$10,656$9,830$9,065$6,652
9 years$11,005$10,054$9,178$8,373$7,634$5,355
10 years$9,804$8,862$8,001$7,217$6,504$4,356
11 years$8,822$7,889$7,044$6,281$5,594$3,572
12 years$8,004$7,081$6,252$5,509$4,848$2,949
13 years$7,313$6,399$5,585$4,864$4,227$2,446
14 years$6,720$5,817$5,018$4,318$3,706$2,038
15 years$6,208$5,314$4,531$3,851$3,263$1,704
16 years$5,759$4,875$4,108$3,448$2,884$1,428
17 years$5,364$4,490$3,738$3,098$2,557$1,200
18 years$5,014$4,149$3,412$2,792$2,273$1,010
19 years$4,700$3,845$3,124$2,523$2,026$852
20 years$4,418$3,573$2,867$2,285$1,810$719
21 years$4,164$3,328$2,637$2,074$1,620$608
22 years$3,932$3,107$2,430$1,885$1,452$514
23 years$3,722$2,906$2,244$1,717$1,303$435
24 years$3,529$2,722$2,075$1,566$1,171$369
25 years$3,352$2,555$1,922$1,430$1,054$313
26 years$3,188$2,401$1,783$1,308$949$265
27 years$3,037$2,260$1,655$1,197$856$225
28 years$2,897$2,129$1,539$1,097$772$191
29 years$2,767$2,009$1,432$1,006$697$162
30 years$2,646$1,897$1,334$923$630$138
31 years$2,533$1,793$1,244$848$570$117
32 years$2,427$1,697$1,160$779$515$99
33 years$2,328$1,607$1,083$716$466$84
34 years$2,235$1,523$1,012$659$422$72
35 years$2,147$1,445$946$607$382$61
36 years$2,065$1,371$885$559$347$52
37 years$1,987$1,302$829$515$314$44
38 years$1,913$1,238$776$475$285$37
39 years$1,843$1,177$727$438$258$32
40 years$1,777$1,120$681$404$234$27
41 years$1,715$1,066$639$372$212$23
42 years$1,655$1,015$599$344$193$20
43 years$1,598$967$562$317$175$17
44 years$1,545$922$528$293$159$14
45 years$1,493$879$496$271$144$12
46 years$1,444$839$466$250$131$10
47 years$1,398$800$437$231$119$9
48 years$1,353$764$411$213$108$7
49 years$1,310$730$386$197$98$6
50 years$1,269$697$363$182$89$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,300,000, adding $3,885 every year, while hoping to spend $56,070 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: 58/30/12 Blend
62$1,300,000$1,300,000$1,300,000$1,300,000
63$1,436,607$1,367,707$1,347,557$1,515,451
64$1,523,483$1,375,067$1,333,043$1,576,453
65$1,617,341$1,380,908$1,316,162$1,636,335
66$1,718,834$1,385,097$1,296,778$1,700,270
67$1,828,680$1,387,491$1,274,745$1,768,656
68$1,947,668$1,387,941$1,249,911$1,841,930
69$2,076,665$1,386,285$1,222,118$1,920,578
70$2,216,625$1,382,353$1,191,199$2,005,134
71$2,368,598$1,375,965$1,156,981$2,096,191
72$2,533,737$1,366,930$1,119,282$2,194,404
73$2,713,312$1,355,043$1,077,912$2,300,497
74$2,908,719$1,340,089$1,032,671$2,415,270
75$3,121,495$1,321,840$983,352$2,539,609
76$3,353,331$1,300,054$929,738$2,674,489
77$3,606,088$1,274,474$871,601$2,820,993
78$3,881,813$1,244,827$808,705$2,980,315
79$4,182,762$1,210,827$740,800$3,153,774
80$4,511,415$1,172,169$667,628$3,342,828
81$4,870,503$1,128,530$588,918$3,549,089
82$5,263,035$1,079,568$504,387$3,774,336
83$5,692,321$1,024,924$413,740$4,020,535
84$6,162,007$964,214$316,670$4,289,859
85$6,676,106$897,035$212,852$4,584,706
86$7,239,039$822,960$101,953$4,907,726
87$7,855,673$741,537$0$5,261,844
88$8,531,369$652,289$0$5,652,391
89$9,272,030$554,712$0$6,094,902
90$10,084,158$448,274$0$6,580,297
91$10,974,913$332,411$0$7,112,976
92$11,952,185$206,530$0$7,697,794
93$13,024,659$70,001$0$8,340,104
94$14,201,907$0$0$9,045,816
95$15,494,469$0$0$9,847,142
96$16,913,957$0$0$10,752,649
97$18,473,163$0$0$11,747,401
98$20,186,179$0$0$12,840,405
99$22,068,528$0$0$14,041,581
100$24,137,312$0$0$15,361,858