Can I retire at age 63 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,312$74,641$73,987$73,348$72,724$72,418
2 years$37,283$36,589$35,916$35,263$34,631$34,321
3 years$24,609$23,911$23,240$22,594$21,971$21,668
4 years$18,273$17,577$16,913$16,277$15,670$15,376
5 years$14,472$13,781$13,125$12,503$11,912$11,628
6 years$11,939$11,253$10,607$9,998$9,426$9,152
7 years$10,130$9,450$8,814$8,220$7,666$7,402
8 years$8,775$8,101$7,475$6,896$6,359$6,106
9 years$7,721$7,053$6,438$5,874$5,355$5,113
10 years$6,878$6,217$5,613$5,063$4,563$4,331
11 years$6,189$5,535$4,942$4,406$3,924$3,702
12 years$5,615$4,968$4,386$3,865$3,401$3,188
13 years$5,130$4,489$3,918$3,412$2,966$2,763
14 years$4,715$4,081$3,521$3,029$2,600$2,406
15 years$4,355$3,728$3,179$2,701$2,289$2,105
16 years$4,041$3,420$2,882$2,419$2,023$1,848
17 years$3,763$3,150$2,622$2,173$1,794$1,627
18 years$3,517$2,911$2,394$1,959$1,595$1,437
19 years$3,297$2,697$2,192$1,770$1,422$1,272
20 years$3,100$2,507$2,011$1,603$1,270$1,128
21 years$2,921$2,335$1,850$1,455$1,136$1,002
22 years$2,759$2,179$1,705$1,323$1,019$892
23 years$2,611$2,038$1,574$1,205$914$795
24 years$2,476$1,910$1,456$1,099$822$709
25 years$2,351$1,792$1,349$1,003$739$633
26 years$2,237$1,684$1,251$917$666$566
27 years$2,131$1,585$1,161$840$601$506
28 years$2,033$1,494$1,080$769$542$453
29 years$1,941$1,409$1,005$705$489$406
30 years$1,856$1,331$936$647$442$364
31 years$1,777$1,258$872$595$400$326
32 years$1,703$1,190$814$547$362$293
33 years$1,633$1,127$760$503$327$263
34 years$1,568$1,068$710$462$296$236
35 years$1,506$1,013$664$426$268$212
36 years$1,448$962$621$392$243$190
37 years$1,394$914$581$361$220$171
38 years$1,342$868$544$333$200$154
39 years$1,293$826$510$307$181$138
40 years$1,247$785$478$283$164$124
41 years$1,203$748$448$261$149$112
42 years$1,161$712$420$241$135$101
43 years$1,121$678$395$223$123$91
44 years$1,084$647$370$205$111$82
45 years$1,048$617$348$190$101$73
46 years$1,013$588$327$175$92$66
47 years$980$561$307$162$83$59
48 years$949$536$288$150$76$54
49 years$919$512$271$138$69$48
50 years$890$489$255$128$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $912,000, adding $3,881 every year, while hoping to spend $49,084 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: 72/14/14 Blend
62$912,000$912,000$912,000$912,000
63$1,009,027$960,691$946,555$1,078,307
64$1,059,723$955,540$926,040$1,119,585
65$1,113,945$948,492$903,192$1,158,405
66$1,172,000$939,401$877,882$1,199,616
67$1,234,227$928,114$849,974$1,243,442
68$1,300,995$914,469$819,325$1,290,133
69$1,372,711$898,292$785,787$1,339,966
70$1,449,822$879,402$749,205$1,393,244
71$1,532,816$857,605$709,415$1,450,305
72$1,622,231$832,696$666,249$1,511,521
73$1,718,658$804,458$619,528$1,577,302
74$1,822,747$772,662$569,068$1,648,104
75$1,935,209$737,064$514,673$1,724,429
76$2,056,828$697,408$456,143$1,806,830
77$2,188,466$653,422$393,265$1,895,922
78$2,331,068$604,819$325,818$1,992,381
79$2,485,677$551,295$253,572$2,096,956
80$2,653,436$492,528$176,287$2,210,472
81$2,835,604$428,180$93,711$2,333,843
82$3,033,566$357,892$5,581$2,468,077
83$3,248,846$281,284$0$2,614,288
84$3,483,118$197,957$0$2,786,920
85$3,738,228$107,488$0$2,975,865
86$4,016,203$9,431$0$3,181,832
87$4,319,277$0$0$3,406,525
88$4,649,907$0$0$3,666,714
89$5,010,798$0$0$3,952,344
90$5,404,929$0$0$4,264,325
91$5,835,576$0$0$4,605,257
92$6,306,348$0$0$4,978,001
93$6,821,219$0$0$5,385,710
94$7,384,563$0$0$5,831,855
95$8,001,196$0$0$6,320,255
96$8,676,424$0$0$6,855,119
97$9,416,086$0$0$7,441,080
98$10,226,617$0$0$8,083,241
99$11,115,099$0$0$8,787,223
100$12,089,335$0$0$9,559,215