Can I retire at age 63 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$76,138$75,460$74,798$74,152$73,522$72,423
2 years$37,692$36,990$36,310$35,650$35,010$33,906
3 years$24,878$24,173$23,495$22,841$22,212$21,136
4 years$18,473$17,770$17,098$16,456$15,842$14,803
5 years$14,631$13,932$13,269$12,640$12,043$11,044
6 years$12,070$11,376$10,723$10,108$9,529$8,571
7 years$10,241$9,554$8,911$8,310$7,750$6,833
8 years$8,871$8,189$7,557$6,971$6,429$5,554
9 years$7,805$7,130$6,509$5,938$5,414$4,580
10 years$6,953$6,285$5,675$5,119$4,613$3,819
11 years$6,257$5,595$4,996$4,455$3,967$3,213
12 years$5,677$5,022$4,434$3,907$3,438$2,722
13 years$5,186$4,538$3,961$3,450$2,998$2,319
14 years$4,766$4,125$3,559$3,062$2,628$1,986
15 years$4,403$3,769$3,214$2,731$2,314$1,707
16 years$4,085$3,458$2,914$2,445$2,045$1,472
17 years$3,805$3,184$2,651$2,197$1,813$1,273
18 years$3,556$2,942$2,420$1,980$1,612$1,103
19 years$3,333$2,727$2,216$1,789$1,437$958
20 years$3,134$2,534$2,033$1,620$1,284$834
21 years$2,953$2,360$1,870$1,471$1,149$727
22 years$2,789$2,203$1,724$1,337$1,030$634
23 years$2,640$2,061$1,592$1,218$924$554
24 years$2,503$1,931$1,472$1,111$831$484
25 years$2,377$1,812$1,363$1,014$748$424
26 years$2,261$1,703$1,264$927$673$371
27 years$2,154$1,603$1,174$849$607$325
28 years$2,055$1,510$1,091$778$548$285
29 years$1,963$1,425$1,016$713$495$250
30 years$1,877$1,345$946$655$447$220
31 years$1,797$1,272$882$601$404$193
32 years$1,722$1,203$823$552$366$169
33 years$1,651$1,140$768$508$331$149
34 years$1,585$1,080$718$467$300$131
35 years$1,523$1,025$671$430$271$115
36 years$1,464$972$628$396$246$101
37 years$1,409$924$588$365$223$89
38 years$1,357$878$550$337$202$78
39 years$1,307$835$516$310$183$69
40 years$1,261$794$483$286$166$60
41 years$1,216$756$453$264$151$53
42 years$1,174$720$425$244$137$47
43 years$1,134$686$399$225$124$41
44 years$1,095$654$374$208$113$36
45 years$1,059$623$352$192$102$32
46 years$1,024$595$330$177$93$28
47 years$991$568$310$164$84$25
48 years$959$542$292$151$77$22
49 years$929$517$274$140$70$19
50 years$900$494$258$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $922,000, adding $4,234 every year, while hoping to spend $48,453 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: 35/36/29 Blend
62$922,000$922,000$922,000$922,000
63$1,020,411$971,545$957,254$1,047,095
64$1,072,940$967,597$937,769$1,063,550
65$1,129,202$961,832$916,006$1,076,654
66$1,189,528$954,109$891,840$1,089,867
67$1,254,279$944,280$865,136$1,103,235
68$1,323,853$932,187$835,755$1,116,810
69$1,398,685$917,663$803,552$1,130,652
70$1,479,253$900,531$768,373$1,144,833
71$1,566,083$880,603$730,060$1,159,438
72$1,659,752$857,682$688,446$1,174,565
73$1,760,895$831,555$643,356$1,190,327
74$1,870,206$802,002$594,609$1,206,853
75$1,988,454$768,787$542,015$1,224,294
76$2,116,478$731,659$485,375$1,242,820
77$2,255,205$690,356$424,481$1,262,627
78$2,405,651$644,599$359,116$1,283,937
79$2,568,936$594,093$289,055$1,307,002
80$2,746,290$538,527$214,061$1,332,110
81$2,939,067$477,570$133,888$1,359,583
82$3,148,756$410,875$48,277$1,389,788
83$3,376,995$338,074$0$1,423,138
84$3,625,587$258,778$0$1,473,427
85$3,896,516$172,577$0$1,544,657
86$4,191,965$79,037$0$1,622,550
87$4,514,337$0$0$1,707,860
88$4,866,277$0$0$1,810,257
89$5,250,696$0$0$1,956,428
90$5,670,799$0$0$2,116,296
91$6,130,116$0$0$2,291,220
92$6,632,532$0$0$2,482,697
93$7,182,324$0$0$2,692,374
94$7,784,203$0$0$2,922,067
95$8,443,355$0$0$3,173,773
96$9,165,494$0$0$3,449,692
97$9,956,911$0$0$3,752,250
98$10,824,532$0$0$4,084,116
99$11,775,989$0$0$4,448,229
100$12,819,687$0$0$4,847,830