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%12%
1 years$75,395$74,723$74,068$73,428$72,804$72,194
2 years$37,324$36,629$35,955$35,302$34,669$34,054
3 years$24,636$23,937$23,265$22,618$21,995$21,395
4 years$18,293$17,597$16,931$16,295$15,687$15,105
5 years$14,488$13,796$13,139$12,516$11,925$11,364
6 years$11,952$11,265$10,619$10,009$9,436$8,896
7 years$10,141$9,461$8,824$8,229$7,674$7,156
8 years$8,784$8,110$7,484$6,903$6,366$5,870
9 years$7,729$7,061$6,446$5,880$5,361$4,886
10 years$6,886$6,224$5,619$5,069$4,568$4,114
11 years$6,196$5,541$4,947$4,411$3,929$3,495
12 years$5,621$4,973$4,391$3,869$3,405$2,991
13 years$5,136$4,494$3,923$3,416$2,969$2,576
14 years$4,720$4,085$3,525$3,032$2,602$2,229
15 years$4,360$3,732$3,182$2,704$2,291$1,937
16 years$4,045$3,424$2,885$2,421$2,025$1,689
17 years$3,767$3,153$2,625$2,176$1,796$1,477
18 years$3,521$2,914$2,397$1,961$1,597$1,295
19 years$3,301$2,700$2,194$1,772$1,423$1,138
20 years$3,103$2,509$2,014$1,605$1,271$1,002
21 years$2,924$2,337$1,852$1,456$1,138$884
22 years$2,762$2,182$1,707$1,324$1,020$780
23 years$2,614$2,041$1,576$1,206$915$690
24 years$2,478$1,912$1,458$1,100$823$611
25 years$2,354$1,794$1,350$1,004$740$541
26 years$2,239$1,686$1,252$918$667$480
27 years$2,133$1,587$1,163$841$601$426
28 years$2,035$1,495$1,081$770$542$379
29 years$1,944$1,411$1,006$706$490$336
30 years$1,858$1,332$937$648$443$299
31 years$1,779$1,259$873$595$400$266
32 years$1,705$1,192$815$547$362$237
33 years$1,635$1,129$761$503$328$211
34 years$1,570$1,070$711$463$297$188
35 years$1,508$1,015$665$426$269$167
36 years$1,450$963$622$392$243$149
37 years$1,395$915$582$362$221$133
38 years$1,344$869$545$333$200$118
39 years$1,295$826$511$307$181$106
40 years$1,248$786$479$283$164$94
41 years$1,204$749$449$262$149$84
42 years$1,162$713$421$241$135$75
43 years$1,123$679$395$223$123$67
44 years$1,085$647$371$206$112$60
45 years$1,049$617$348$190$101$53
46 years$1,014$589$327$175$92$47
47 years$981$562$307$162$83$42
48 years$950$537$289$150$76$38
49 years$920$512$271$138$69$34
50 years$891$489$255$128$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $913,000, adding $4,552 every year, while hoping to spend $46,606 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: 81/14/5 Blend
62$913,000$913,000$913,000$913,000
63$1,010,821$962,432$948,281$1,092,197
64$1,064,337$960,003$930,460$1,143,636
65$1,121,749$955,893$910,480$1,193,389
66$1,183,405$949,970$888,219$1,246,552
67$1,249,689$942,095$863,551$1,303,438
68$1,321,019$932,119$836,342$1,364,394
69$1,397,857$919,887$806,453$1,429,801
70$1,480,708$905,231$773,739$1,500,079
71$1,570,128$887,975$738,047$1,575,690
72$1,666,728$867,933$699,219$1,657,145
73$1,771,180$844,907$657,088$1,745,004
74$1,884,221$818,688$611,481$1,839,888
75$2,006,662$789,054$562,216$1,942,477
76$2,139,394$755,771$509,103$2,053,525
77$2,283,399$718,591$451,945$2,173,859
78$2,439,755$677,251$390,535$2,304,394
79$2,609,648$631,474$324,655$2,446,137
80$2,794,383$580,967$254,082$2,600,197
81$2,995,395$525,419$178,579$2,767,799
82$3,214,264$464,503$97,899$2,950,292
83$3,452,727$397,873$11,788$3,149,163
84$3,712,698$325,161$0$3,366,052
85$3,996,282$245,982$0$3,607,041
86$4,305,795$159,928$0$3,870,799
87$4,643,788$66,566$0$4,158,909
88$5,013,068$0$0$4,473,811
89$5,416,727$0$0$4,823,517
90$5,858,167$0$0$5,217,191
91$6,341,136$0$0$5,647,923
92$6,869,759$0$0$6,119,395
93$7,448,579$0$0$6,635,661
94$8,082,598$0$0$7,201,187
95$8,777,327$0$0$7,820,891
96$9,538,833$0$0$8,500,188
97$10,373,799$0$0$9,245,042
98$11,289,584$0$0$10,062,024
99$12,294,295$0$0$10,958,368
100$13,396,862$0$0$11,942,044