Can I retire at age 63 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,477$74,805$74,149$73,509$72,884$71,973
2 years$37,365$36,669$35,995$35,341$34,706$33,790
3 years$24,663$23,964$23,291$22,643$22,019$21,126
4 years$18,313$17,616$16,950$16,313$15,704$14,840
5 years$14,504$13,811$13,154$12,530$11,938$11,106
6 years$11,965$11,278$10,630$10,020$9,446$8,648
7 years$10,153$9,471$8,834$8,238$7,682$6,917
8 years$8,794$8,118$7,492$6,911$6,373$5,642
9 years$7,738$7,069$6,453$5,887$5,367$4,669
10 years$6,893$6,231$5,626$5,074$4,573$3,907
11 years$6,203$5,547$4,953$4,416$3,933$3,299
12 years$5,628$4,978$4,395$3,874$3,408$2,806
13 years$5,141$4,499$3,927$3,420$2,972$2,400
14 years$4,725$4,090$3,528$3,036$2,605$2,063
15 years$4,365$3,736$3,186$2,707$2,294$1,781
16 years$4,049$3,428$2,888$2,424$2,027$1,542
17 years$3,772$3,157$2,628$2,178$1,798$1,339
18 years$3,525$2,917$2,399$1,963$1,598$1,166
19 years$3,305$2,703$2,196$1,774$1,425$1,017
20 years$3,106$2,512$2,016$1,606$1,273$889
21 years$2,927$2,340$1,854$1,458$1,139$778
22 years$2,765$2,184$1,709$1,326$1,021$682
23 years$2,617$2,043$1,578$1,207$916$599
24 years$2,481$1,914$1,459$1,101$824$526
25 years$2,356$1,796$1,351$1,006$741$462
26 years$2,242$1,688$1,253$919$668$407
27 years$2,135$1,589$1,164$842$602$358
28 years$2,037$1,497$1,082$771$543$316
29 years$1,946$1,412$1,007$707$490$278
30 years$1,861$1,334$938$649$443$245
31 years$1,781$1,261$874$596$401$217
32 years$1,707$1,193$816$548$362$191
33 years$1,637$1,130$762$504$328$169
34 years$1,571$1,071$712$463$297$149
35 years$1,510$1,016$665$427$269$132
36 years$1,452$964$622$393$244$116
37 years$1,397$916$583$362$221$103
38 years$1,345$870$546$334$200$91
39 years$1,296$827$511$308$182$80
40 years$1,250$787$479$284$165$71
41 years$1,206$749$449$262$149$63
42 years$1,164$714$421$242$136$56
43 years$1,124$680$395$223$123$49
44 years$1,086$648$371$206$112$43
45 years$1,050$618$349$190$101$38
46 years$1,015$590$327$176$92$34
47 years$983$563$308$162$84$30
48 years$951$537$289$150$76$27
49 years$921$513$272$139$69$24
50 years$892$490$255$128$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $914,000, adding $3,615 every year, while hoping to spend $25,252 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: 65/27/8 Blend
62$914,000$914,000$914,000$914,000
63$1,010,957$962,515$948,348$1,074,864
64$1,087,207$982,810$953,250$1,138,151
65$1,170,387$1,003,254$957,469$1,203,942
66$1,261,180$1,023,826$960,957$1,275,163
67$1,360,332$1,044,505$963,661$1,352,341
68$1,468,669$1,065,270$965,527$1,436,055
69$1,587,099$1,086,093$966,498$1,526,942
70$1,716,620$1,106,949$966,512$1,625,708
71$1,858,333$1,127,806$965,508$1,733,125
72$2,013,449$1,148,635$963,419$1,850,047
73$2,183,302$1,169,399$960,174$1,977,415
74$2,369,361$1,190,062$955,703$2,116,264
75$2,573,244$1,210,584$949,927$2,267,735
76$2,796,733$1,230,920$942,768$2,433,086
77$3,041,789$1,251,025$934,140$2,613,702
78$3,310,575$1,270,849$923,957$2,811,110
79$3,605,471$1,290,337$912,127$3,026,993
80$3,929,098$1,309,433$898,552$3,263,204
81$4,284,345$1,328,074$883,133$3,521,787
82$4,674,393$1,346,195$865,763$3,804,992
83$5,102,748$1,363,725$846,332$4,115,302
84$5,573,268$1,380,588$824,724$4,455,451
85$6,090,208$1,396,703$800,819$4,828,453
86$6,658,253$1,411,985$774,490$5,237,628
87$7,282,564$1,426,341$745,605$5,686,637
88$7,968,827$1,439,674$714,024$6,179,515
89$8,723,307$1,451,878$679,604$6,720,706
90$9,552,907$1,462,843$642,193$7,315,112
91$10,465,231$1,472,449$601,634$7,968,133
92$11,468,656$1,480,570$557,760$8,685,719
93$12,572,413$1,487,073$510,400$9,474,433
94$13,786,674$1,491,814$459,372$10,341,502
95$15,122,643$1,494,641$404,490$11,294,897
96$16,592,667$1,495,393$345,555$12,343,397
97$18,210,351$1,493,899$282,362$13,496,684
98$19,990,683$1,489,976$214,698$14,765,424
99$21,950,179$1,483,432$142,337$16,161,374
100$24,107,038$1,474,061$65,046$17,697,494