Can I retire at age 63 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$75,808$75,132$74,474$73,830$73,203$72,079
2 years$37,529$36,830$36,152$35,495$34,858$33,729
3 years$24,770$24,069$23,393$22,742$22,116$21,016
4 years$18,393$17,693$17,024$16,385$15,773$14,711
5 years$14,567$13,871$13,211$12,585$11,990$10,969
6 years$12,017$11,327$10,677$10,064$9,488$8,509
7 years$10,197$9,512$8,872$8,274$7,716$6,780
8 years$8,832$8,154$7,525$6,941$6,401$5,507
9 years$7,771$7,099$6,481$5,912$5,391$4,539
10 years$6,923$6,258$5,650$5,096$4,593$3,782
11 years$6,230$5,571$4,974$4,435$3,950$3,180
12 years$5,652$5,000$4,415$3,890$3,423$2,692
13 years$5,164$4,519$3,944$3,435$2,985$2,292
14 years$4,746$4,107$3,544$3,049$2,617$1,961
15 years$4,384$3,752$3,200$2,719$2,304$1,685
16 years$4,067$3,443$2,901$2,435$2,036$1,452
17 years$3,788$3,170$2,640$2,188$1,805$1,255
18 years$3,540$2,930$2,410$1,971$1,605$1,087
19 years$3,319$2,715$2,206$1,781$1,431$943
20 years$3,120$2,523$2,025$1,613$1,278$820
21 years$2,940$2,350$1,862$1,464$1,144$714
22 years$2,777$2,194$1,716$1,331$1,025$623
23 years$2,628$2,052$1,585$1,212$920$544
24 years$2,492$1,922$1,466$1,106$827$475
25 years$2,367$1,804$1,357$1,010$744$415
26 years$2,251$1,696$1,259$923$670$363
27 years$2,145$1,596$1,169$845$604$318
28 years$2,046$1,504$1,087$774$545$279
29 years$1,954$1,418$1,011$710$493$244
30 years$1,869$1,340$942$652$445$214
31 years$1,789$1,266$878$599$402$188
32 years$1,714$1,198$819$550$364$165
33 years$1,644$1,135$765$506$329$145
34 years$1,578$1,076$715$465$298$127
35 years$1,516$1,020$668$428$270$112
36 years$1,458$968$625$395$245$98
37 years$1,403$920$585$364$222$86
38 years$1,351$874$548$335$201$76
39 years$1,302$831$513$309$182$66
40 years$1,255$791$481$285$165$58
41 years$1,211$753$451$263$150$51
42 years$1,169$717$423$243$136$45
43 years$1,129$683$397$224$124$40
44 years$1,091$651$373$207$112$35
45 years$1,054$621$350$191$102$31
46 years$1,020$592$329$176$92$27
47 years$987$565$309$163$84$24
48 years$955$539$290$151$76$21
49 years$925$515$273$139$69$18
50 years$896$492$257$129$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $918,000, adding $6,249 every year, while hoping to spend $28,058 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: 57/17/26 Blend
62$918,000$918,000$918,000$918,000
63$1,018,082$969,428$955,199$1,068,563
64$1,092,073$987,076$957,345$1,121,492
65$1,172,670$1,004,649$958,622$1,175,666
66$1,260,519$1,022,113$958,972$1,234,129
67$1,356,327$1,039,432$958,333$1,297,302
68$1,460,876$1,056,568$956,640$1,365,652
69$1,575,024$1,073,479$953,827$1,439,693
70$1,699,717$1,090,120$949,821$1,519,991
71$1,835,997$1,106,444$944,548$1,607,173
72$1,985,008$1,122,399$937,930$1,701,928
73$2,148,013$1,137,931$929,885$1,805,017
74$2,326,402$1,152,981$920,327$1,917,279
75$2,521,704$1,167,486$909,167$2,039,640
76$2,735,604$1,181,379$896,310$2,173,121
77$2,969,957$1,194,588$881,659$2,318,849
78$3,226,807$1,207,038$865,109$2,478,066
79$3,508,405$1,218,645$846,553$2,652,141
80$3,817,227$1,229,324$825,877$2,842,586
81$4,156,005$1,238,982$802,965$3,051,068
82$4,527,745$1,247,520$777,692$3,279,424
83$4,935,759$1,254,832$749,929$3,529,681
84$5,383,696$1,260,808$719,540$3,804,075
85$5,875,573$1,265,328$686,385$4,105,072
86$6,415,818$1,268,265$650,316$4,435,388
87$7,009,308$1,269,487$611,177$4,798,024
88$7,661,414$1,268,848$568,809$5,196,283
89$8,378,056$1,266,200$523,041$5,633,813
90$9,165,753$1,261,379$473,699$6,114,632
91$10,031,689$1,254,216$420,597$6,643,173
92$10,983,778$1,244,529$363,544$7,224,324
93$12,030,739$1,232,127$302,338$7,863,472
94$13,182,179$1,216,805$236,771$8,566,560
95$14,448,681$1,198,348$166,622$9,340,139
96$15,841,906$1,176,528$91,664$10,191,431
97$17,374,704$1,151,101$11,658$11,128,401
98$19,061,230$1,121,811$0$12,159,827
99$20,917,082$1,088,386$0$13,315,841
100$22,959,447$1,050,540$0$14,591,444