Can I retire at age 63 with 917,000?

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 $917,000?

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$75,725$75,050$74,392$73,750$73,123$72,209
2 years$37,488$36,789$36,113$35,457$34,820$33,901
3 years$24,743$24,042$23,367$22,717$22,092$21,195
4 years$18,373$17,674$17,005$16,367$15,756$14,889
5 years$14,551$13,856$13,197$12,571$11,977$11,143
6 years$12,004$11,315$10,665$10,053$9,477$8,676
7 years$10,186$9,502$8,863$8,265$7,708$6,940
8 years$8,823$8,145$7,516$6,934$6,394$5,660
9 years$7,763$7,092$6,474$5,906$5,385$4,684
10 years$6,916$6,251$5,644$5,091$4,588$3,920
11 years$6,223$5,565$4,969$4,431$3,946$3,310
12 years$5,646$4,995$4,410$3,886$3,419$2,815
13 years$5,158$4,514$3,940$3,431$2,982$2,408
14 years$4,741$4,103$3,540$3,046$2,614$2,070
15 years$4,379$3,748$3,196$2,716$2,301$1,787
16 years$4,063$3,439$2,898$2,432$2,034$1,547
17 years$3,784$3,167$2,637$2,185$1,804$1,344
18 years$3,537$2,926$2,407$1,969$1,604$1,170
19 years$3,315$2,712$2,204$1,779$1,429$1,021
20 years$3,117$2,520$2,022$1,612$1,277$892
21 years$2,937$2,348$1,860$1,463$1,143$781
22 years$2,774$2,191$1,714$1,330$1,024$685
23 years$2,625$2,050$1,583$1,211$919$601
24 years$2,489$1,920$1,464$1,105$826$528
25 years$2,364$1,802$1,356$1,009$744$464
26 years$2,249$1,694$1,258$922$670$408
27 years$2,142$1,594$1,168$844$604$360
28 years$2,044$1,502$1,086$774$545$317
29 years$1,952$1,417$1,010$709$492$279
30 years$1,867$1,338$941$651$445$246
31 years$1,787$1,265$877$598$402$217
32 years$1,712$1,197$818$549$364$192
33 years$1,642$1,134$764$505$329$169
34 years$1,576$1,074$714$465$298$150
35 years$1,515$1,019$668$428$270$132
36 years$1,456$967$625$394$244$117
37 years$1,401$919$585$363$222$103
38 years$1,349$873$547$335$201$91
39 years$1,300$830$513$309$182$81
40 years$1,254$790$481$285$165$71
41 years$1,209$752$451$263$150$63
42 years$1,167$716$423$242$136$56
43 years$1,128$682$397$224$123$49
44 years$1,090$650$372$207$112$44
45 years$1,053$620$350$191$102$39
46 years$1,019$592$328$176$92$34
47 years$986$565$309$163$84$30
48 years$954$539$290$150$76$27
49 years$924$515$273$139$69$24
50 years$895$492$256$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $917,000, adding $2,964 every year, while hoping to spend $57,229 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: 76/9/15 Blend
62$917,000$917,000$917,000$917,000
63$1,013,591$964,990$950,777$1,087,136
64$1,056,086$951,384$921,737$1,122,501
65$1,100,998$935,192$889,806$1,153,803
66$1,148,512$916,229$854,826$1,186,556
67$1,198,832$894,295$816,634$1,220,886
68$1,252,179$869,182$775,058$1,256,932
69$1,308,796$840,667$729,917$1,294,849
70$1,368,948$808,515$681,025$1,334,807
71$1,432,926$772,477$628,184$1,376,996
72$1,501,046$732,290$571,189$1,421,626
73$1,573,656$687,675$509,828$1,468,927
74$1,651,136$638,339$443,875$1,519,157
75$1,733,904$583,970$373,097$1,572,599
76$1,822,417$524,239$297,250$1,629,567
77$1,917,175$458,798$216,079$1,690,409
78$2,018,728$387,280$129,318$1,755,509
79$2,127,678$309,296$36,690$1,825,292
80$2,244,686$224,438$0$1,900,229
81$2,370,480$132,270$0$1,990,789
82$2,505,854$32,337$0$2,094,512
83$2,651,685$0$0$2,206,206
84$2,808,932$0$0$2,334,140
85$2,978,652$0$0$2,475,705
86$3,162,005$0$0$2,628,669
87$3,360,265$0$0$2,794,099
88$3,574,834$0$0$2,973,168
89$3,807,250$0$0$3,167,166
90$4,059,209$0$0$3,377,509
91$4,332,571$0$0$3,605,757
92$4,629,384$0$0$3,853,625
93$4,951,902$0$0$4,122,997
94$5,302,602$0$0$4,415,949
95$5,684,209$0$0$4,734,763
96$6,099,724$0$0$5,081,949
97$6,552,447$0$0$5,460,273
98$7,046,009$0$0$5,872,774
99$7,584,410$0$0$6,322,801
100$8,172,048$0$0$6,814,037