Can I retire at age 63 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$76,055$75,378$74,717$74,072$73,442$71,348
2 years$37,651$36,950$36,270$35,611$34,972$32,879
3 years$24,851$24,147$23,469$22,817$22,188$20,161
4 years$18,453$17,751$17,080$16,438$15,825$13,880
5 years$14,615$13,917$13,255$12,626$12,030$10,172
6 years$12,057$11,364$10,712$10,097$9,519$7,749
7 years$10,230$9,544$8,901$8,301$7,741$6,061
8 years$8,861$8,181$7,549$6,964$6,422$4,830
9 years$7,797$7,123$6,502$5,932$5,408$3,902
10 years$6,946$6,278$5,669$5,113$4,608$3,186
11 years$6,250$5,589$4,991$4,450$3,963$2,623
12 years$5,671$5,017$4,429$3,903$3,434$2,174
13 years$5,181$4,534$3,957$3,446$2,995$1,811
14 years$4,761$4,121$3,555$3,059$2,625$1,515
15 years$4,398$3,764$3,210$2,728$2,311$1,272
16 years$4,080$3,454$2,910$2,443$2,043$1,071
17 years$3,800$3,181$2,648$2,195$1,811$903
18 years$3,552$2,939$2,418$1,978$1,611$764
19 years$3,330$2,724$2,213$1,787$1,436$647
20 years$3,130$2,531$2,031$1,619$1,282$549
21 years$2,950$2,358$1,868$1,469$1,147$466
22 years$2,786$2,201$1,722$1,336$1,029$396
23 years$2,637$2,058$1,590$1,216$923$337
24 years$2,500$1,929$1,470$1,109$830$287
25 years$2,374$1,810$1,362$1,013$747$244
26 years$2,259$1,701$1,263$926$673$208
27 years$2,152$1,601$1,173$848$606$177
28 years$2,053$1,509$1,090$777$547$151
29 years$1,961$1,423$1,015$712$494$129
30 years$1,875$1,344$945$654$446$110
31 years$1,795$1,271$881$601$404$94
32 years$1,720$1,202$822$552$365$80
33 years$1,649$1,138$768$508$330$69
34 years$1,583$1,079$717$467$299$59
35 years$1,521$1,023$670$430$271$50
36 years$1,463$971$627$396$246$43
37 years$1,408$923$587$365$223$36
38 years$1,355$877$550$336$202$31
39 years$1,306$834$515$310$183$27
40 years$1,259$793$483$286$166$23
41 years$1,215$755$453$264$151$19
42 years$1,173$719$425$243$137$17
43 years$1,132$685$398$225$124$14
44 years$1,094$653$374$208$113$12
45 years$1,058$623$351$192$102$10
46 years$1,023$594$330$177$93$9
47 years$990$567$310$164$84$8
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$6
50 years$899$494$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $921,000, adding $5,827 every year, while hoping to spend $58,731 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: 53/32/15 Blend
62$921,000$921,000$921,000$921,000
63$1,020,953$972,140$957,864$1,070,669
64$1,062,600$957,285$927,463$1,090,416
65$1,106,528$939,734$894,075$1,105,152
66$1,152,906$919,293$857,539$1,119,865
67$1,201,919$895,756$817,684$1,134,569
68$1,253,772$868,905$774,333$1,149,282
69$1,308,686$838,510$727,302$1,164,028
70$1,366,902$804,327$676,397$1,178,835
71$1,428,685$766,098$621,415$1,193,741
72$1,494,324$723,551$562,146$1,208,791
73$1,564,136$676,395$498,369$1,224,038
74$1,638,466$624,327$429,853$1,239,546
75$1,717,694$567,024$356,357$1,255,391
76$1,802,235$504,143$277,631$1,271,662
77$1,892,542$435,326$193,411$1,288,464
78$1,989,115$360,191$103,424$1,305,917
79$2,092,500$278,335$7,384$1,324,162
80$2,203,296$189,335$0$1,343,358
81$2,322,160$92,739$0$1,378,914
82$2,449,813$0$0$1,418,070
83$2,587,046$0$0$1,464,136
84$2,734,729$0$0$1,548,915
85$2,893,816$0$0$1,640,309
86$3,065,353$0$0$1,738,927
87$3,250,494$0$0$1,845,440
88$3,450,501$0$0$1,960,586
89$3,666,766$0$0$2,085,174
90$3,900,815$0$0$2,220,095
91$4,154,329$0$0$2,366,328
92$4,429,153$0$0$2,524,951
93$4,727,319$0$0$2,697,146
94$5,051,059$0$0$2,884,217
95$5,402,829$0$0$3,087,596
96$5,785,332$0$0$3,308,859
97$6,201,540$0$0$3,549,741
98$6,654,723$0$0$3,812,148
99$7,148,480$0$0$4,098,182
100$7,686,772$0$0$4,410,153