Can I retire at age 63 with 914,000?

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 $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%11.1%
1 years$75,477$74,805$74,149$73,509$72,884$72,546
2 years$37,365$36,669$35,995$35,341$34,706$34,366
3 years$24,663$23,964$23,291$22,643$22,019$21,686
4 years$18,313$17,616$16,950$16,313$15,704$15,381
5 years$14,504$13,811$13,154$12,530$11,938$11,626
6 years$11,965$11,278$10,630$10,020$9,446$9,145
7 years$10,153$9,471$8,834$8,238$7,682$7,393
8 years$8,794$8,118$7,492$6,911$6,373$6,095
9 years$7,738$7,069$6,453$5,887$5,367$5,100
10 years$6,893$6,231$5,626$5,074$4,573$4,318
11 years$6,203$5,547$4,953$4,416$3,933$3,689
12 years$5,628$4,978$4,395$3,874$3,408$3,175
13 years$5,141$4,499$3,927$3,420$2,972$2,749
14 years$4,725$4,090$3,528$3,036$2,605$2,393
15 years$4,365$3,736$3,186$2,707$2,294$2,092
16 years$4,049$3,428$2,888$2,424$2,027$1,835
17 years$3,772$3,157$2,628$2,178$1,798$1,615
18 years$3,525$2,917$2,399$1,963$1,598$1,425
19 years$3,305$2,703$2,196$1,774$1,425$1,260
20 years$3,106$2,512$2,016$1,606$1,273$1,117
21 years$2,927$2,340$1,854$1,458$1,139$992
22 years$2,765$2,184$1,709$1,326$1,021$882
23 years$2,617$2,043$1,578$1,207$916$785
24 years$2,481$1,914$1,459$1,101$824$700
25 years$2,356$1,796$1,351$1,006$741$624
26 years$2,242$1,688$1,253$919$668$558
27 years$2,135$1,589$1,164$842$602$499
28 years$2,037$1,497$1,082$771$543$446
29 years$1,946$1,412$1,007$707$490$399
30 years$1,861$1,334$938$649$443$358
31 years$1,781$1,261$874$596$401$320
32 years$1,707$1,193$816$548$362$287
33 years$1,637$1,130$762$504$328$258
34 years$1,571$1,071$712$463$297$231
35 years$1,510$1,016$665$427$269$207
36 years$1,452$964$622$393$244$186
37 years$1,397$916$583$362$221$167
38 years$1,345$870$546$334$200$150
39 years$1,296$827$511$308$182$135
40 years$1,250$787$479$284$165$121
41 years$1,206$749$449$262$149$109
42 years$1,164$714$421$242$136$98
43 years$1,124$680$395$223$123$88
44 years$1,086$648$371$206$112$79
45 years$1,050$618$349$190$101$71
46 years$1,015$590$327$176$92$64
47 years$983$563$308$162$84$58
48 years$951$537$289$150$76$52
49 years$921$513$272$139$69$47
50 years$892$490$255$128$63$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $914,000, adding $5,605 every year, while hoping to spend $46,528 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: 31/45/24 Blend
62$914,000$914,000$914,000$914,000
63$1,013,010$964,568$950,401$1,036,769
64$1,066,831$962,326$932,734$1,053,127
65$1,124,583$958,415$912,915$1,066,191
66$1,186,617$952,704$890,825$1,079,307
67$1,253,319$945,054$866,335$1,092,510
68$1,325,114$935,317$839,313$1,105,844
69$1,402,466$923,339$809,620$1,119,358
70$1,485,887$908,952$777,112$1,133,114
71$1,575,939$891,981$741,636$1,147,183
72$1,673,238$872,242$703,035$1,161,650
73$1,778,464$849,537$661,142$1,176,611
74$1,892,360$823,658$615,783$1,192,181
75$2,015,748$794,384$566,779$1,208,490
76$2,149,528$761,483$513,940$1,225,690
77$2,294,691$724,707$457,068$1,243,953
78$2,452,327$683,795$395,957$1,263,479
79$2,623,635$638,471$330,392$1,284,491
80$2,809,932$588,443$260,147$1,307,248
81$3,012,671$533,402$184,987$1,332,041
82$3,233,447$473,022$104,668$1,359,201
83$3,474,017$406,958$18,933$1,389,101
84$3,736,313$334,846$0$1,422,165
85$4,022,465$256,301$0$1,477,449
86$4,334,813$170,916$0$1,543,290
87$4,675,935$78,262$0$1,615,512
88$5,048,669$0$0$1,694,870
89$5,456,139$0$0$1,793,154
90$5,901,785$0$0$1,943,167
91$6,389,395$0$0$2,107,444
92$6,923,138$0$0$2,287,410
93$7,507,606$0$0$2,484,629
94$8,147,857$0$0$2,700,828
95$8,849,460$0$0$2,937,906
96$9,618,547$0$0$3,197,956
97$10,461,874$0$0$3,483,284
98$11,386,881$0$0$3,796,428
99$12,401,763$0$0$4,140,185
100$13,515,545$0$0$4,517,635