Can I retire at age 63 with 913,000?

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 $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%16.5%
1 years$75,395$74,723$74,068$73,428$72,804$70,871
2 years$37,324$36,629$35,955$35,302$34,669$32,735
3 years$24,636$23,937$23,265$22,618$21,995$20,121
4 years$18,293$17,597$16,931$16,295$15,687$13,887
5 years$14,488$13,796$13,139$12,516$11,925$10,204
6 years$11,952$11,265$10,619$10,009$9,436$7,795
7 years$10,141$9,461$8,824$8,229$7,674$6,114
8 years$8,784$8,110$7,484$6,903$6,366$4,886
9 years$7,729$7,061$6,446$5,880$5,361$3,960
10 years$6,886$6,224$5,619$5,069$4,568$3,243
11 years$6,196$5,541$4,947$4,411$3,929$2,679
12 years$5,621$4,973$4,391$3,869$3,405$2,227
13 years$5,136$4,494$3,923$3,416$2,969$1,862
14 years$4,720$4,085$3,525$3,032$2,602$1,563
15 years$4,360$3,732$3,182$2,704$2,291$1,316
16 years$4,045$3,424$2,885$2,421$2,025$1,112
17 years$3,767$3,153$2,625$2,176$1,796$942
18 years$3,521$2,914$2,397$1,961$1,597$799
19 years$3,301$2,700$2,194$1,772$1,423$680
20 years$3,103$2,509$2,014$1,605$1,271$579
21 years$2,924$2,337$1,852$1,456$1,138$493
22 years$2,762$2,182$1,707$1,324$1,020$421
23 years$2,614$2,041$1,576$1,206$915$359
24 years$2,478$1,912$1,458$1,100$823$307
25 years$2,354$1,794$1,350$1,004$740$263
26 years$2,239$1,686$1,252$918$667$225
27 years$2,133$1,587$1,163$841$601$192
28 years$2,035$1,495$1,081$770$542$165
29 years$1,944$1,411$1,006$706$490$141
30 years$1,858$1,332$937$648$443$121
31 years$1,779$1,259$873$595$400$104
32 years$1,705$1,192$815$547$362$89
33 years$1,635$1,129$761$503$328$76
34 years$1,570$1,070$711$463$297$65
35 years$1,508$1,015$665$426$269$56
36 years$1,450$963$622$392$243$48
37 years$1,395$915$582$362$221$41
38 years$1,344$869$545$333$200$35
39 years$1,295$826$511$307$181$30
40 years$1,248$786$479$283$164$26
41 years$1,204$749$449$262$149$22
42 years$1,162$713$421$241$135$19
43 years$1,123$679$395$223$123$16
44 years$1,085$647$371$206$112$14
45 years$1,049$617$348$190$101$12
46 years$1,014$589$327$175$92$10
47 years$981$562$307$162$83$9
48 years$950$537$289$150$76$8
49 years$920$512$271$138$69$7
50 years$891$489$255$128$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $913,000, adding $4,422 every year, while hoping to spend $26,675 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: 63/11/26 Blend
62$913,000$913,000$913,000$913,000
63$1,010,687$962,298$948,147$1,067,138
64$1,085,395$981,069$951,528$1,124,661
65$1,166,830$999,865$954,128$1,184,135
66$1,255,648$1,018,660$955,893$1,248,514
67$1,352,575$1,037,425$956,766$1,318,280
68$1,458,407$1,056,129$956,687$1,393,969
69$1,574,021$1,074,736$955,593$1,476,168
70$1,700,385$1,093,211$953,419$1,565,527
71$1,838,560$1,111,515$950,095$1,662,760
72$1,989,719$1,129,605$945,548$1,768,656
73$2,155,150$1,147,435$939,704$1,884,085
74$2,336,273$1,164,957$932,482$2,010,005
75$2,534,652$1,182,119$923,799$2,147,474
76$2,752,008$1,198,864$913,567$2,297,657
77$2,990,236$1,215,132$901,696$2,461,839
78$3,251,427$1,230,860$888,088$2,641,436
79$3,537,878$1,245,978$872,645$2,838,011
80$3,852,124$1,260,413$855,261$3,053,285
81$4,196,954$1,274,087$835,826$3,289,157
82$4,575,443$1,286,917$814,226$3,547,722
83$4,990,975$1,298,812$790,339$3,831,285
84$5,447,279$1,309,679$764,041$4,142,393
85$5,948,465$1,319,416$735,199$4,483,849
86$6,499,056$1,327,916$703,676$4,858,747
87$7,104,039$1,335,062$669,328$5,270,497
88$7,768,905$1,340,735$632,005$5,722,855
89$8,499,706$1,344,804$591,550$6,219,967
90$9,303,108$1,347,131$547,798$6,766,401
91$10,186,454$1,347,569$500,578$7,367,192
92$11,157,835$1,345,963$449,711$8,027,891
93$12,226,167$1,342,148$395,009$8,754,619
94$13,401,272$1,335,949$336,277$9,554,122
95$14,693,970$1,327,179$273,311$10,433,837
96$16,116,185$1,315,640$205,897$11,401,961
97$17,681,054$1,301,125$133,813$12,467,531
98$19,403,051$1,283,410$56,825$13,640,509
99$21,298,126$1,262,261$0$14,931,874
100$23,383,852$1,237,429$0$16,360,760