Can I retire at age 63 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,890$75,214$74,555$73,911$73,282$70,542
2 years$37,569$36,870$36,192$35,534$34,896$32,167
3 years$24,797$24,095$23,418$22,767$22,140$19,507
4 years$18,413$17,712$17,043$16,402$15,790$13,274
5 years$14,583$13,887$13,226$12,599$12,003$9,611
6 years$12,031$11,339$10,688$10,075$9,498$7,230
7 years$10,208$9,523$8,882$8,283$7,724$5,581
8 years$8,842$8,163$7,533$6,949$6,408$4,387
9 years$7,780$7,107$6,488$5,919$5,397$3,495
10 years$6,931$6,265$5,656$5,102$4,598$2,813
11 years$6,236$5,577$4,980$4,440$3,955$2,282
12 years$5,658$5,006$4,419$3,895$3,427$1,862
13 years$5,170$4,524$3,948$3,438$2,988$1,527
14 years$4,751$4,112$3,548$3,052$2,620$1,257
15 years$4,388$3,756$3,203$2,722$2,306$1,038
16 years$4,072$3,446$2,904$2,437$2,038$860
17 years$3,792$3,174$2,643$2,190$1,807$713
18 years$3,544$2,933$2,412$1,974$1,607$593
19 years$3,323$2,718$2,208$1,783$1,432$494
20 years$3,123$2,526$2,027$1,615$1,279$411
21 years$2,943$2,353$1,864$1,466$1,145$343
22 years$2,780$2,196$1,718$1,333$1,026$286
23 years$2,631$2,054$1,586$1,214$921$239
24 years$2,495$1,924$1,467$1,107$828$200
25 years$2,369$1,806$1,359$1,011$745$167
26 years$2,254$1,697$1,260$924$671$140
27 years$2,147$1,597$1,170$846$605$117
28 years$2,048$1,505$1,088$775$546$98
29 years$1,956$1,420$1,012$711$493$82
30 years$1,871$1,341$943$652$446$69
31 years$1,791$1,268$879$599$403$58
32 years$1,716$1,200$820$551$364$48
33 years$1,646$1,136$766$506$330$40
34 years$1,580$1,077$716$466$299$34
35 years$1,518$1,021$669$429$270$28
36 years$1,460$969$626$395$245$24
37 years$1,404$921$586$364$222$20
38 years$1,352$875$549$335$201$17
39 years$1,303$832$514$309$183$14
40 years$1,256$792$482$285$166$12
41 years$1,212$753$452$263$150$10
42 years$1,170$718$424$243$136$8
43 years$1,130$684$398$224$124$7
44 years$1,092$652$373$207$112$6
45 years$1,056$621$350$191$102$5
46 years$1,021$593$329$177$93$4
47 years$988$566$309$163$84$3
48 years$956$540$291$151$76$3
49 years$926$516$273$139$69$2
50 years$897$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $919,000, adding $2,521 every year, while hoping to spend $59,083 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: 59/19/22 Blend
62$919,000$919,000$919,000$919,000
63$1,015,338$966,631$952,387$1,069,156
64$1,056,039$951,132$921,428$1,090,523
65$1,098,911$932,894$887,452$1,107,189
66$1,144,113$911,719$850,295$1,124,067
67$1,191,819$887,400$809,786$1,141,189
68$1,242,218$859,715$765,747$1,158,593
69$1,295,516$828,433$717,991$1,176,325
70$1,351,937$793,305$666,323$1,194,438
71$1,411,728$754,071$610,538$1,212,993
72$1,475,158$710,454$550,425$1,232,061
73$1,542,520$662,161$485,759$1,251,726
74$1,614,135$608,885$416,310$1,272,080
75$1,690,354$550,298$341,834$1,293,233
76$1,771,562$486,055$262,078$1,315,309
77$1,858,181$415,791$176,777$1,338,448
78$1,950,671$339,120$85,654$1,362,811
79$2,049,538$255,636$0$1,388,581
80$2,155,337$164,908$0$1,418,684
81$2,268,674$66,481$0$1,472,266
82$2,390,217$0$0$1,529,539
83$2,520,696$0$0$1,599,264
84$2,660,915$0$0$1,689,183
85$2,811,754$0$0$1,785,967
86$2,974,181$0$0$1,890,245
87$3,149,257$0$0$2,002,705
88$3,338,150$0$0$2,124,106
89$3,542,142$0$0$2,255,279
90$3,762,640$0$0$2,397,139
91$4,001,195$0$0$2,550,691
92$4,259,507$0$0$2,717,040
93$4,539,449$0$0$2,897,402
94$4,843,076$0$0$3,093,111
95$5,172,653$0$0$3,305,639
96$5,530,667$0$0$3,536,601
97$5,919,857$0$0$3,787,775
98$6,343,233$0$0$4,061,118
99$6,804,109$0$0$4,358,783
100$7,306,132$0$0$4,683,137