Can I retire at age 63 with 892,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$73,661$73,004$72,364$71,739$71,129$68,442
2 years$36,466$35,786$35,128$34,490$33,871$31,195
3 years$24,069$23,387$22,730$22,098$21,489$18,909
4 years$17,872$17,192$16,542$15,920$15,326$12,861
5 years$14,154$13,479$12,837$12,228$11,651$9,306
6 years$11,677$11,006$10,374$9,779$9,219$6,997
7 years$9,908$9,243$8,621$8,040$7,497$5,398
8 years$8,582$7,923$7,311$6,745$6,220$4,241
9 years$7,551$6,898$6,297$5,745$5,238$3,377
10 years$6,727$6,081$5,490$4,952$4,463$2,716
11 years$6,053$5,413$4,833$4,310$3,838$2,201
12 years$5,492$4,859$4,290$3,780$3,326$1,795
13 years$5,018$4,391$3,832$3,337$2,901$1,471
14 years$4,611$3,991$3,443$2,963$2,543$1,210
15 years$4,259$3,646$3,109$2,642$2,239$999
16 years$3,952$3,345$2,819$2,366$1,979$827
17 years$3,681$3,081$2,565$2,126$1,754$685
18 years$3,440$2,847$2,341$1,916$1,560$569
19 years$3,225$2,638$2,143$1,731$1,390$473
20 years$3,032$2,452$1,967$1,568$1,242$394
21 years$2,857$2,284$1,809$1,423$1,111$329
22 years$2,698$2,132$1,668$1,294$996$274
23 years$2,554$1,994$1,540$1,178$894$229
24 years$2,421$1,868$1,424$1,075$804$191
25 years$2,300$1,753$1,319$981$723$160
26 years$2,188$1,648$1,223$897$651$133
27 years$2,084$1,551$1,136$821$587$112
28 years$1,988$1,461$1,056$752$530$93
29 years$1,899$1,378$983$690$479$78
30 years$1,816$1,302$915$633$432$65
31 years$1,738$1,231$853$582$391$55
32 years$1,666$1,164$796$535$354$46
33 years$1,597$1,103$743$492$320$38
34 years$1,534$1,045$695$452$290$32
35 years$1,473$991$649$416$262$27
36 years$1,417$941$607$383$238$22
37 years$1,363$894$569$353$216$19
38 years$1,313$849$532$326$195$16
39 years$1,265$807$499$300$177$13
40 years$1,220$768$468$277$161$11
41 years$1,176$731$438$255$146$9
42 years$1,136$696$411$236$132$8
43 years$1,097$664$386$218$120$6
44 years$1,060$633$362$201$109$5
45 years$1,025$603$340$186$99$5
46 years$991$575$319$171$90$4
47 years$959$549$300$158$82$3
48 years$928$524$282$146$74$3
49 years$899$501$265$135$67$2
50 years$871$478$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $892,000, adding $3,678 every year, while hoping to spend $33,844 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: 69/26/5 Blend
62$892,000$892,000$892,000$892,000
63$986,778$939,502$925,676$1,054,078
64$1,051,419$949,528$920,676$1,109,082
65$1,121,520$958,910$914,375$1,164,715
66$1,197,601$967,583$906,692$1,224,633
67$1,280,235$975,474$897,545$1,289,248
68$1,370,054$982,506$886,847$1,359,015
69$1,467,749$988,599$874,507$1,434,433
70$1,574,085$993,665$860,428$1,516,055
71$1,689,901$997,614$844,512$1,604,490
72$1,816,120$1,000,347$826,652$1,700,407
73$1,953,760$1,001,760$806,741$1,804,545
74$2,103,940$1,001,743$784,664$1,917,721
75$2,267,892$1,000,178$760,300$2,040,832
76$2,446,971$996,941$733,524$2,174,869
77$2,642,671$991,899$704,205$2,320,924
78$2,856,634$984,913$672,207$2,480,203
79$3,090,671$975,834$637,386$2,654,032
80$3,346,773$964,504$599,592$2,843,877
81$3,627,134$950,755$558,669$3,051,352
82$3,934,171$934,410$514,453$3,278,237
83$4,270,543$915,283$466,774$3,526,494
84$4,639,180$893,174$415,452$3,798,290
85$5,043,309$867,871$360,303$4,096,009
86$5,486,483$839,154$301,129$4,422,285
87$5,972,617$806,785$237,730$4,780,017
88$6,506,021$770,516$169,892$5,172,406
89$7,091,446$730,081$97,393$5,602,979
90$7,734,120$685,202$20,003$6,075,625
91$8,439,807$635,583$0$6,594,633
92$9,214,853$580,913$0$7,168,070
93$10,066,251$520,860$0$7,799,167
94$11,001,703$455,077$0$8,492,617
95$12,029,695$383,194$0$9,254,771
96$13,159,576$304,822$0$10,092,633
97$14,401,644$219,550$0$11,013,921
98$15,767,246$126,943$0$12,027,144
99$17,268,884$26,542$0$13,141,684
100$18,920,331$0$0$14,367,881