Can I retire at age 63 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$76,468$75,787$75,123$74,474$73,841$72,677
2 years$37,856$37,151$36,467$35,805$35,162$33,993
3 years$24,986$24,278$23,597$22,940$22,308$21,170
4 years$18,553$17,847$17,172$16,527$15,910$14,811
5 years$14,694$13,992$13,326$12,695$12,095$11,039
6 years$12,122$11,426$10,770$10,152$9,570$8,558
7 years$10,286$9,595$8,950$8,346$7,783$6,815
8 years$8,909$8,225$7,590$7,002$6,457$5,533
9 years$7,839$7,161$6,537$5,964$5,438$4,557
10 years$6,984$6,312$5,699$5,141$4,633$3,795
11 years$6,284$5,620$5,018$4,474$3,985$3,189
12 years$5,701$5,044$4,453$3,924$3,453$2,698
13 years$5,209$4,558$3,978$3,465$3,011$2,296
14 years$4,787$4,143$3,575$3,076$2,640$1,963
15 years$4,422$3,785$3,227$2,743$2,324$1,685
16 years$4,103$3,473$2,926$2,456$2,054$1,451
17 years$3,821$3,198$2,663$2,207$1,821$1,253
18 years$3,571$2,955$2,431$1,989$1,619$1,085
19 years$3,348$2,739$2,225$1,797$1,443$941
20 years$3,147$2,545$2,042$1,627$1,289$817
21 years$2,966$2,371$1,878$1,477$1,154$711
22 years$2,801$2,213$1,731$1,343$1,034$620
23 years$2,651$2,070$1,598$1,223$928$541
24 years$2,514$1,939$1,478$1,115$834$472
25 years$2,387$1,820$1,369$1,019$751$412
26 years$2,271$1,710$1,270$931$676$361
27 years$2,164$1,610$1,179$853$610$315
28 years$2,064$1,517$1,096$781$550$276
29 years$1,971$1,431$1,020$716$497$242
30 years$1,885$1,351$950$657$449$212
31 years$1,804$1,277$886$604$406$186
32 years$1,729$1,209$827$555$367$163
33 years$1,658$1,145$772$510$332$143
34 years$1,592$1,085$721$469$301$125
35 years$1,530$1,029$674$432$272$110
36 years$1,471$977$631$398$247$96
37 years$1,415$928$590$367$224$85
38 years$1,363$882$553$338$203$74
39 years$1,313$838$518$312$184$65
40 years$1,266$798$485$287$167$57
41 years$1,221$759$455$265$151$50
42 years$1,179$723$427$245$137$44
43 years$1,139$689$401$226$125$39
44 years$1,100$657$376$209$113$34
45 years$1,064$626$353$193$103$30
46 years$1,029$597$332$178$93$26
47 years$995$570$312$164$85$23
48 years$964$544$293$152$77$20
49 years$933$520$275$140$70$18
50 years$904$496$259$130$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $926,000, adding $3,577 every year, while hoping to spend $56,314 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: 36/50/14 Blend
62$926,000$926,000$926,000$926,000
63$1,024,142$975,064$960,711$1,056,480
64$1,068,686$962,924$932,977$1,067,965
65$1,115,887$948,302$902,426$1,074,725
66$1,165,956$931,017$868,906$1,080,800
67$1,219,123$910,877$832,254$1,086,159
68$1,275,642$887,678$792,303$1,090,769
69$1,335,790$861,206$748,877$1,094,604
70$1,399,868$831,233$701,792$1,097,637
71$1,468,209$797,518$650,856$1,099,845
72$1,541,175$759,806$595,869$1,101,211
73$1,619,166$717,827$536,621$1,101,720
74$1,702,616$671,295$472,894$1,101,364
75$1,792,004$619,910$404,457$1,100,143
76$1,887,856$563,353$331,073$1,098,061
77$1,990,745$501,285$252,492$1,095,136
78$2,101,305$433,352$168,455$1,091,393
79$2,220,228$359,177$78,688$1,086,871
80$2,348,276$278,361$0$1,081,622
81$2,486,285$190,485$0$1,078,271
82$2,635,173$95,106$0$1,087,060
83$2,795,949$0$0$1,096,375
84$2,969,722$0$0$1,110,934
85$3,157,710$0$0$1,183,396
86$3,361,253$0$0$1,261,961
87$3,581,823$0$0$1,347,213
88$3,821,040$0$0$1,439,792
89$4,080,683$0$0$1,540,401
90$4,362,712$0$0$1,649,815
91$4,669,281$0$0$1,768,886
92$5,002,759$0$0$1,898,553
93$5,365,754$0$0$2,039,847
94$5,761,135$0$0$2,193,904
95$6,192,060$0$0$2,361,973
96$6,662,002$0$0$2,545,430
97$7,174,786$0$0$2,745,790
98$7,734,622$0$0$2,964,720
99$8,346,143$0$0$3,204,054
100$9,014,452$0$0$3,465,814