Can I retire at age 63 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$75,560$74,887$74,230$73,589$72,963$70,741
2 years$37,406$36,709$36,034$35,379$34,744$32,525
3 years$24,690$23,990$23,316$22,668$22,043$19,896
4 years$18,333$17,635$16,968$16,331$15,721$13,662
5 years$14,519$13,826$13,168$12,544$11,951$9,986
6 years$11,978$11,290$10,642$10,031$9,457$7,587
7 years$10,164$9,481$8,843$8,247$7,691$5,917
8 years$8,803$8,127$7,500$6,918$6,380$4,701
9 years$7,746$7,076$6,460$5,893$5,373$3,787
10 years$6,901$6,237$5,632$5,080$4,578$3,082
11 years$6,209$5,553$4,958$4,421$3,937$2,530
12 years$5,634$4,984$4,400$3,878$3,412$2,089
13 years$5,147$4,504$3,931$3,424$2,975$1,734
14 years$4,730$4,094$3,532$3,039$2,608$1,446
15 years$4,369$3,740$3,189$2,710$2,296$1,210
16 years$4,054$3,431$2,891$2,427$2,030$1,015
17 years$3,776$3,160$2,631$2,180$1,800$853
18 years$3,529$2,920$2,402$1,965$1,600$719
19 years$3,308$2,706$2,199$1,776$1,426$606
20 years$3,110$2,515$2,018$1,608$1,274$512
21 years$2,931$2,342$1,856$1,459$1,140$433
22 years$2,768$2,187$1,711$1,327$1,022$367
23 years$2,620$2,045$1,580$1,208$917$311
24 years$2,484$1,916$1,461$1,102$824$264
25 years$2,359$1,798$1,353$1,007$742$224
26 years$2,244$1,690$1,255$920$668$190
27 years$2,138$1,590$1,165$842$603$161
28 years$2,039$1,499$1,083$772$544$137
29 years$1,948$1,414$1,008$708$491$116
30 years$1,863$1,335$939$650$444$99
31 years$1,783$1,262$875$597$401$84
32 years$1,708$1,194$817$548$363$71
33 years$1,639$1,131$763$504$328$61
34 years$1,573$1,072$712$464$297$52
35 years$1,511$1,017$666$427$269$44
36 years$1,453$965$623$393$244$37
37 years$1,398$917$583$362$221$32
38 years$1,347$871$546$334$200$27
39 years$1,297$828$512$308$182$23
40 years$1,251$788$480$284$165$20
41 years$1,207$750$450$262$150$17
42 years$1,165$714$422$242$136$14
43 years$1,125$681$396$223$123$12
44 years$1,087$649$372$206$112$10
45 years$1,051$619$349$190$101$9
46 years$1,017$590$328$176$92$7
47 years$984$563$308$162$84$6
48 years$952$538$289$150$76$5
49 years$922$514$272$139$69$5
50 years$893$491$256$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $915,000, adding $3,636 every year, while hoping to spend $44,989 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: 43/40/17 Blend
62$915,000$915,000$915,000$915,000
63$1,012,081$963,586$949,403$1,050,451
64$1,067,445$962,933$933,340$1,077,160
65$1,126,948$960,741$915,231$1,101,359
66$1,190,966$956,886$894,960$1,126,623
67$1,259,909$951,238$872,406$1,153,071
68$1,334,229$943,659$847,441$1,180,836
69$1,414,424$934,001$819,933$1,210,069
70$1,501,037$922,109$789,743$1,240,939
71$1,594,668$907,818$756,725$1,273,635
72$1,695,977$890,953$720,728$1,308,370
73$1,805,686$871,329$681,592$1,345,381
74$1,924,592$848,751$639,152$1,384,933
75$2,053,571$823,010$593,233$1,427,325
76$2,193,585$793,887$543,656$1,472,888
77$2,345,692$761,149$490,230$1,521,993
78$2,511,058$724,551$432,758$1,575,055
79$2,690,963$683,831$371,033$1,632,535
80$2,886,818$638,716$304,839$1,694,949
81$3,100,173$588,913$233,951$1,762,868
82$3,332,736$534,114$158,134$1,836,933
83$3,586,385$473,996$77,141$1,917,854
84$3,863,189$408,214$0$2,006,422
85$4,165,422$336,404$0$2,105,201
86$4,495,591$258,184$0$2,228,525
87$4,856,454$173,148$0$2,363,525
88$5,251,049$80,868$0$2,511,459
89$5,682,717$0$0$2,673,721
90$6,155,142$0$0$2,860,267
91$6,672,377$0$0$3,103,587
92$7,238,886$0$0$3,370,200
93$7,859,586$0$0$3,662,435
94$8,539,891$0$0$3,982,854
95$9,285,764$0$0$4,334,281
96$10,103,772$0$0$4,719,828
97$11,001,149$0$0$5,142,919
98$11,985,862$0$0$5,607,327
99$13,066,688$0$0$6,117,210
100$14,253,294$0$0$6,677,146