Can I retire at age 63 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$75,395$74,723$74,068$73,428$72,804$71,422
2 years$37,324$36,629$35,955$35,302$34,669$33,281
3 years$24,636$23,937$23,265$22,618$21,995$20,646
4 years$18,293$17,597$16,931$16,295$15,687$14,387
5 years$14,488$13,796$13,139$12,516$11,925$10,677
6 years$11,952$11,265$10,619$10,009$9,436$8,242
7 years$10,141$9,461$8,824$8,229$7,674$6,534
8 years$8,784$8,110$7,484$6,903$6,366$5,280
9 years$7,729$7,061$6,446$5,880$5,361$4,328
10 years$6,886$6,224$5,619$5,069$4,568$3,587
11 years$6,196$5,541$4,947$4,411$3,929$2,999
12 years$5,621$4,973$4,391$3,869$3,405$2,524
13 years$5,136$4,494$3,923$3,416$2,969$2,137
14 years$4,720$4,085$3,525$3,032$2,602$1,817
15 years$4,360$3,732$3,182$2,704$2,291$1,551
16 years$4,045$3,424$2,885$2,421$2,025$1,328
17 years$3,767$3,153$2,625$2,176$1,796$1,141
18 years$3,521$2,914$2,397$1,961$1,597$982
19 years$3,301$2,700$2,194$1,772$1,423$846
20 years$3,103$2,509$2,014$1,605$1,271$731
21 years$2,924$2,337$1,852$1,456$1,138$632
22 years$2,762$2,182$1,707$1,324$1,020$547
23 years$2,614$2,041$1,576$1,206$915$475
24 years$2,478$1,912$1,458$1,100$823$412
25 years$2,354$1,794$1,350$1,004$740$357
26 years$2,239$1,686$1,252$918$667$311
27 years$2,133$1,587$1,163$841$601$270
28 years$2,035$1,495$1,081$770$542$235
29 years$1,944$1,411$1,006$706$490$204
30 years$1,858$1,332$937$648$443$178
31 years$1,779$1,259$873$595$400$155
32 years$1,705$1,192$815$547$362$135
33 years$1,635$1,129$761$503$328$117
34 years$1,570$1,070$711$463$297$102
35 years$1,508$1,015$665$426$269$89
36 years$1,450$963$622$392$243$78
37 years$1,395$915$582$362$221$68
38 years$1,344$869$545$333$200$59
39 years$1,295$826$511$307$181$52
40 years$1,248$786$479$283$164$45
41 years$1,204$749$449$262$149$39
42 years$1,162$713$421$241$135$34
43 years$1,123$679$395$223$123$30
44 years$1,085$647$371$206$112$26
45 years$1,049$617$348$190$101$23
46 years$1,014$589$327$175$92$20
47 years$981$562$307$162$83$17
48 years$950$537$289$150$76$15
49 years$920$512$271$138$69$13
50 years$891$489$255$128$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $913,000, adding $2,791 every year, while hoping to spend $26,721 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: 80/6/14 Blend
62$913,000$913,000$913,000$913,000
63$1,009,005$960,616$946,464$1,086,687
64$1,083,492$979,255$949,740$1,156,796
65$1,164,682$997,912$952,230$1,229,987
66$1,253,229$1,016,560$953,879$1,309,545
67$1,349,856$1,035,168$954,631$1,396,096
68$1,455,355$1,053,705$954,425$1,490,329
69$1,570,601$1,072,137$953,198$1,593,003
70$1,696,557$1,090,425$950,885$1,704,955
71$1,834,281$1,108,532$947,415$1,827,107
72$1,984,941$1,126,413$942,716$1,960,473
73$2,149,819$1,144,022$936,712$2,106,172
74$2,330,332$1,161,310$929,323$2,265,437
75$2,528,036$1,178,224$920,465$2,439,624
76$2,744,646$1,194,707$910,051$2,630,231
77$2,982,050$1,210,699$897,989$2,838,904
78$3,242,330$1,226,134$884,182$3,067,460
79$3,527,776$1,240,942$868,530$3,317,899
80$3,840,911$1,255,050$850,927$3,592,427
81$4,184,515$1,268,379$831,265$3,893,474
82$4,561,649$1,280,843$809,425$4,223,715
83$4,975,686$1,292,353$785,290$4,586,102
84$5,430,340$1,302,812$758,731$4,983,884
85$5,929,703$1,312,119$729,617$5,420,645
86$6,478,284$1,320,163$697,811$5,900,331
87$7,081,048$1,326,831$663,166$6,427,293
88$7,743,466$1,331,997$625,534$7,006,325
89$8,471,566$1,335,531$584,756$7,642,708
90$9,271,988$1,337,294$540,667$8,342,265
91$10,152,046$1,337,137$493,095$9,111,411
92$11,119,802$1,334,904$441,861$9,957,215
93$12,184,134$1,330,427$386,776$10,887,469
94$13,354,827$1,323,529$327,644$11,910,758
95$14,642,660$1,314,022$264,260$13,036,545
96$16,059,509$1,301,707$196,411$14,275,256
97$17,618,461$1,286,373$123,872$15,638,383
98$19,333,934$1,267,795$46,412$17,138,589
99$21,221,814$1,245,735$0$18,789,830
100$23,299,607$1,219,944$0$20,612,901