Can I retire at age 63 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$113,959$112,944$111,954$110,987$110,043$106,863
2 years$56,415$55,365$54,346$53,359$52,401$49,223
3 years$37,237$36,181$35,166$34,188$33,246$30,168
4 years$27,649$26,597$25,592$24,630$23,711$20,758
5 years$21,898$20,853$19,860$18,918$18,025$15,205
6 years$18,065$17,028$16,050$15,129$14,262$11,578
7 years$15,329$14,300$13,338$12,439$11,599$9,050
8 years$13,277$12,258$11,311$10,434$9,623$7,207
9 years$11,683$10,672$9,742$8,888$8,104$5,819
10 years$10,407$9,407$8,494$7,661$6,905$4,749
11 years$9,365$8,375$7,478$6,668$5,938$3,907
12 years$8,497$7,517$6,636$5,848$5,146$3,235
13 years$7,763$6,793$5,929$5,163$4,487$2,693
14 years$7,134$6,175$5,327$4,583$3,934$2,252
15 years$6,590$5,641$4,810$4,088$3,463$1,889
16 years$6,114$5,175$4,361$3,660$3,061$1,589
17 years$5,695$4,766$3,968$3,288$2,714$1,340
18 years$5,322$4,404$3,622$2,964$2,413$1,132
19 years$4,989$4,082$3,316$2,678$2,151$958
20 years$4,690$3,793$3,043$2,425$1,921$812
21 years$4,420$3,533$2,799$2,201$1,719$689
22 years$4,174$3,298$2,580$2,001$1,541$585
23 years$3,951$3,084$2,382$1,823$1,383$497
24 years$3,746$2,890$2,203$1,662$1,243$423
25 years$3,558$2,712$2,041$1,518$1,119$360
26 years$3,384$2,549$1,893$1,388$1,008$307
27 years$3,224$2,399$1,757$1,271$909$261
28 years$3,076$2,260$1,634$1,164$820$223
29 years$2,938$2,132$1,520$1,068$740$190
30 years$2,809$2,014$1,416$980$669$162
31 years$2,689$1,904$1,320$900$605$138
32 years$2,577$1,801$1,232$827$547$118
33 years$2,471$1,706$1,150$760$495$100
34 years$2,372$1,617$1,075$700$448$86
35 years$2,279$1,533$1,005$644$406$73
36 years$2,192$1,455$940$593$368$62
37 years$2,109$1,382$880$547$333$53
38 years$2,031$1,314$824$504$302$45
39 years$1,957$1,249$772$464$274$39
40 years$1,887$1,189$723$428$249$33
41 years$1,820$1,131$678$395$226$28
42 years$1,757$1,078$636$365$205$24
43 years$1,697$1,027$597$337$186$21
44 years$1,640$979$560$311$169$18
45 years$1,585$933$526$287$153$15
46 years$1,533$890$494$265$139$13
47 years$1,484$850$464$245$126$11
48 years$1,436$811$436$226$115$9
49 years$1,391$774$410$209$104$8
50 years$1,347$740$386$193$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,380,000, adding $6,710 every year, while hoping to spend $32,141 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: 57/33/10 Blend
62$1,380,000$1,380,000$1,380,000$1,380,000
63$1,527,681$1,454,541$1,433,151$1,610,695
64$1,649,307$1,491,616$1,446,964$1,704,548
65$1,782,261$1,529,430$1,460,162$1,802,600
66$1,927,666$1,567,986$1,472,692$1,908,662
67$2,086,755$1,607,285$1,484,495$2,023,506
68$2,260,890$1,647,328$1,495,511$2,147,978
69$2,451,567$1,688,113$1,505,676$2,283,014
70$2,660,434$1,729,638$1,514,924$2,429,640
71$2,889,309$1,771,901$1,523,185$2,588,990
72$3,140,191$1,814,896$1,530,383$2,762,311
73$3,415,281$1,858,617$1,536,442$2,950,975
74$3,717,008$1,903,057$1,541,281$3,156,495
75$4,048,041$1,948,205$1,544,812$3,380,538
76$4,411,324$1,994,050$1,546,946$3,624,940
77$4,810,099$2,040,579$1,547,589$3,891,721
78$5,247,938$2,087,775$1,546,642$4,183,110
79$5,728,773$2,135,622$1,543,999$4,501,561
80$6,256,937$2,184,097$1,539,553$4,849,776
81$6,837,205$2,233,178$1,533,189$5,230,736
82$7,474,836$2,282,839$1,524,786$5,647,722
83$8,175,622$2,333,051$1,514,219$6,104,349
84$8,945,946$2,383,782$1,501,356$6,604,604
85$9,792,840$2,434,995$1,486,060$7,152,875
86$10,724,052$2,486,651$1,468,184$7,754,001
87$11,748,115$2,538,708$1,447,579$8,413,313
88$12,874,435$2,591,116$1,424,085$9,136,684
89$14,113,372$2,643,826$1,397,536$9,930,589
90$15,476,342$2,696,779$1,367,759$10,802,159
91$16,975,921$2,749,913$1,334,572$11,759,256
92$18,625,969$2,803,163$1,297,784$12,810,542
93$20,441,755$2,856,455$1,257,197$13,965,563
94$22,440,103$2,909,710$1,212,602$15,234,837
95$24,639,551$2,962,843$1,163,781$16,629,958
96$27,060,525$3,015,763$1,110,508$18,163,701
97$29,725,532$3,068,369$1,052,544$19,850,144
98$32,659,373$3,120,555$989,640$21,704,804
99$35,889,373$3,172,206$921,537$23,744,778
100$39,445,643$3,223,199$847,963$25,988,909