Can I retire at age 63 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$76,386$75,705$75,041$74,393$73,761$72,036
2 years$37,815$37,110$36,428$35,766$35,124$33,396
3 years$24,959$24,252$23,571$22,916$22,284$20,607
4 years$18,533$17,828$17,154$16,509$15,893$14,280
5 years$14,678$13,977$13,312$12,681$12,082$10,537
6 years$12,109$11,413$10,758$10,141$9,560$8,085
7 years$10,275$9,585$8,940$8,337$7,775$6,370
8 years$8,900$8,216$7,582$6,994$6,450$5,115
9 years$7,831$7,154$6,530$5,957$5,432$4,165
10 years$6,976$6,306$5,693$5,135$4,628$3,429
11 years$6,277$5,613$5,012$4,469$3,980$2,846
12 years$5,695$5,038$4,448$3,920$3,449$2,379
13 years$5,203$4,553$3,974$3,461$3,008$1,999
14 years$4,782$4,139$3,571$3,072$2,637$1,687
15 years$4,417$3,781$3,224$2,740$2,322$1,429
16 years$4,098$3,469$2,923$2,453$2,052$1,215
17 years$3,817$3,195$2,660$2,204$1,819$1,035
18 years$3,567$2,952$2,428$1,986$1,618$883
19 years$3,344$2,736$2,223$1,795$1,442$755
20 years$3,144$2,542$2,040$1,626$1,288$647
21 years$2,963$2,368$1,876$1,475$1,152$555
22 years$2,798$2,211$1,729$1,341$1,033$476
23 years$2,648$2,067$1,597$1,222$927$409
24 years$2,511$1,937$1,477$1,114$833$352
25 years$2,385$1,818$1,368$1,018$750$303
26 years$2,269$1,708$1,269$930$676$261
27 years$2,161$1,608$1,178$852$609$225
28 years$2,062$1,515$1,095$780$550$194
29 years$1,969$1,429$1,019$716$496$167
30 years$1,883$1,350$949$657$448$144
31 years$1,802$1,276$885$603$405$124
32 years$1,727$1,207$826$554$367$107
33 years$1,657$1,143$771$510$332$93
34 years$1,590$1,084$720$469$300$80
35 years$1,528$1,028$673$432$272$69
36 years$1,469$976$630$398$247$60
37 years$1,414$927$590$366$223$52
38 years$1,361$881$552$338$203$45
39 years$1,312$837$517$311$184$38
40 years$1,265$797$485$287$167$33
41 years$1,220$758$455$265$151$29
42 years$1,178$722$426$245$137$25
43 years$1,137$688$400$226$125$21
44 years$1,099$656$376$208$113$19
45 years$1,062$626$353$192$103$16
46 years$1,028$597$331$178$93$14
47 years$994$569$311$164$85$12
48 years$963$544$292$152$77$10
49 years$932$519$275$140$70$9
50 years$903$496$258$130$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $925,000, adding $2,871 every year, while hoping to spend $45,010 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: 38/36/26 Blend
62$925,000$925,000$925,000$925,000
63$1,022,311$973,286$958,949$1,053,141
64$1,078,697$973,087$943,183$1,075,753
65$1,139,325$971,370$925,381$1,095,807
66$1,204,581$968,012$905,427$1,116,605
67$1,274,889$962,884$883,198$1,138,243
68$1,350,712$955,850$858,570$1,160,828
69$1,432,561$946,763$831,409$1,184,484
70$1,520,997$935,470$801,576$1,209,351
71$1,616,637$921,806$768,927$1,235,586
72$1,720,157$905,598$733,309$1,263,367
73$1,832,304$886,662$694,565$1,292,893
74$1,953,895$864,805$652,529$1,324,391
75$2,085,831$839,819$607,028$1,358,112
76$2,229,103$811,487$557,880$1,394,341
77$2,384,800$779,579$504,898$1,433,396
78$2,554,120$743,849$447,882$1,475,634
79$2,738,382$704,039$386,628$1,521,454
80$2,939,037$659,877$320,920$1,571,303
81$3,157,680$611,073$250,533$1,625,679
82$3,396,070$557,321$175,232$1,685,141
83$3,656,139$498,300$94,772$1,750,310
84$3,940,015$433,667$8,897$1,821,880
85$4,250,042$363,062$0$1,900,624
86$4,588,798$286,104$0$2,010,359
87$4,959,123$202,390$0$2,133,215
88$5,364,142$111,496$0$2,267,868
89$5,807,298$12,973$0$2,415,591
90$6,292,380$0$0$2,577,791
91$6,823,561$0$0$2,793,126
92$7,405,438$0$0$3,034,767
93$8,043,072$0$0$3,299,692
94$8,742,036$0$0$3,590,235
95$9,508,469$0$0$3,908,963
96$10,349,132$0$0$4,258,706
97$11,271,474$0$0$4,642,581
98$12,283,696$0$0$5,064,019
99$13,394,835$0$0$5,526,802
100$14,614,843$0$0$6,035,097