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%16.3%
1 years$75,312$74,641$73,987$73,348$72,724$70,851
2 years$37,283$36,589$35,916$35,263$34,631$32,756
3 years$24,609$23,911$23,240$22,594$21,971$20,154
4 years$18,273$17,577$16,913$16,277$15,670$13,923
5 years$14,472$13,781$13,125$12,503$11,912$10,241
6 years$11,939$11,253$10,607$9,998$9,426$7,833
7 years$10,130$9,450$8,814$8,220$7,666$6,150
8 years$8,775$8,101$7,475$6,896$6,359$4,921
9 years$7,721$7,053$6,438$5,874$5,355$3,993
10 years$6,878$6,217$5,613$5,063$4,563$3,275
11 years$6,189$5,535$4,942$4,406$3,924$2,708
12 years$5,615$4,968$4,386$3,865$3,401$2,254
13 years$5,130$4,489$3,918$3,412$2,966$1,887
14 years$4,715$4,081$3,521$3,029$2,600$1,586
15 years$4,355$3,728$3,179$2,701$2,289$1,338
16 years$4,041$3,420$2,882$2,419$2,023$1,132
17 years$3,763$3,150$2,622$2,173$1,794$960
18 years$3,517$2,911$2,394$1,959$1,595$816
19 years$3,297$2,697$2,192$1,770$1,422$695
20 years$3,100$2,507$2,011$1,603$1,270$592
21 years$2,921$2,335$1,850$1,455$1,136$506
22 years$2,759$2,179$1,705$1,323$1,019$432
23 years$2,611$2,038$1,574$1,205$914$370
24 years$2,476$1,910$1,456$1,099$822$316
25 years$2,351$1,792$1,349$1,003$739$271
26 years$2,237$1,684$1,251$917$666$232
27 years$2,131$1,585$1,161$840$601$199
28 years$2,033$1,494$1,080$769$542$171
29 years$1,941$1,409$1,005$705$489$147
30 years$1,856$1,331$936$647$442$126
31 years$1,777$1,258$872$595$400$108
32 years$1,703$1,190$814$547$362$93
33 years$1,633$1,127$760$503$327$80
34 years$1,568$1,068$710$462$296$68
35 years$1,506$1,013$664$426$268$59
36 years$1,448$962$621$392$243$51
37 years$1,394$914$581$361$220$43
38 years$1,342$868$544$333$200$37
39 years$1,293$826$510$307$181$32
40 years$1,247$785$478$283$164$28
41 years$1,203$748$448$261$149$24
42 years$1,161$712$420$241$135$20
43 years$1,121$678$395$223$123$18
44 years$1,084$647$370$205$111$15
45 years$1,048$617$348$190$101$13
46 years$1,013$588$327$175$92$11
47 years$980$561$307$162$83$10
48 years$949$536$288$150$76$8
49 years$919$512$271$138$69$7
50 years$890$489$255$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $912,000, adding $6,723 every year, while hoping to spend $54,810 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: 46/25/29 Blend
62$912,000$912,000$912,000$912,000
63$1,011,959$963,623$949,487$1,049,790
64$1,056,861$952,523$922,977$1,066,190
65$1,104,507$939,042$893,742$1,078,172
66$1,155,117$923,006$861,634$1,090,129
67$1,208,935$904,229$826,494$1,102,089
68$1,266,226$882,517$788,162$1,114,087
69$1,327,282$857,660$746,466$1,126,165
70$1,392,420$829,441$701,228$1,138,374
71$1,461,989$797,626$652,262$1,150,773
72$1,536,373$761,970$599,372$1,163,434
73$1,615,988$722,212$542,357$1,176,440
74$1,701,297$678,078$481,004$1,189,889
75$1,792,801$629,276$415,090$1,203,894
76$1,891,056$575,500$344,384$1,218,584
77$1,996,667$516,422$268,644$1,234,111
78$2,110,301$451,701$187,618$1,250,646
79$2,232,690$380,973$101,041$1,268,385
80$2,364,637$303,854$8,639$1,287,555
81$2,507,026$219,938$0$1,308,409
82$2,660,826$128,799$0$1,359,078
83$2,827,104$29,983$0$1,416,712
84$3,007,030$0$0$1,479,103
85$3,201,893$0$0$1,567,950
86$3,413,108$0$0$1,673,282
87$3,642,233$0$0$1,787,638
88$3,890,980$0$0$1,911,885
89$4,161,232$0$0$2,046,974
90$4,455,062$0$0$2,193,955
91$4,774,747$0$0$2,353,981
92$5,122,796$0$0$2,528,322
93$5,501,968$0$0$2,718,373
94$5,915,301$0$0$2,925,673
95$6,366,135$0$0$3,151,914
96$6,858,150$0$0$3,398,957
97$7,395,395$0$0$3,668,853
98$7,982,326$0$0$3,963,860
99$8,623,852$0$0$4,286,462
100$9,325,374$0$0$4,639,396