Can I retire at age 63 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$76,551$75,869$75,204$74,554$73,920$71,842
2 years$37,896$37,191$36,507$35,843$35,200$33,122
3 years$25,013$24,304$23,622$22,965$22,332$20,320
4 years$18,573$17,866$17,191$16,545$15,928$13,996
5 years$14,710$14,007$13,341$12,708$12,108$10,262
6 years$12,135$11,438$10,781$10,163$9,581$7,823
7 years$10,297$9,606$8,959$8,355$7,792$6,122
8 years$8,919$8,234$7,598$7,009$6,464$4,881
9 years$7,848$7,169$6,544$5,970$5,444$3,946
10 years$6,991$6,319$5,706$5,146$4,638$3,224
11 years$6,291$5,626$5,023$4,479$3,989$2,656
12 years$5,708$5,049$4,458$3,929$3,457$2,202
13 years$5,215$4,563$3,983$3,468$3,014$1,836
14 years$4,792$4,148$3,579$3,079$2,642$1,537
15 years$4,427$3,789$3,231$2,746$2,327$1,291
16 years$4,107$3,476$2,929$2,459$2,056$1,088
17 years$3,825$3,202$2,666$2,209$1,823$919
18 years$3,575$2,958$2,433$1,991$1,621$777
19 years$3,352$2,742$2,228$1,799$1,445$659
20 years$3,151$2,548$2,044$1,629$1,291$559
21 years$2,969$2,373$1,880$1,479$1,155$475
22 years$2,804$2,215$1,733$1,344$1,035$404
23 years$2,654$2,072$1,600$1,224$929$344
24 years$2,516$1,941$1,480$1,117$835$293
25 years$2,390$1,822$1,371$1,020$752$250
26 years$2,273$1,712$1,271$932$677$213
27 years$2,166$1,611$1,180$854$610$182
28 years$2,066$1,518$1,097$782$551$155
29 years$1,973$1,432$1,021$717$497$133
30 years$1,887$1,353$951$658$449$113
31 years$1,806$1,279$887$604$406$97
32 years$1,731$1,210$827$555$368$83
33 years$1,660$1,146$773$511$333$71
34 years$1,594$1,086$722$470$301$60
35 years$1,531$1,030$675$433$273$52
36 years$1,472$978$631$398$247$44
37 years$1,417$929$591$367$224$38
38 years$1,364$883$553$338$203$32
39 years$1,314$839$518$312$184$28
40 years$1,267$798$486$288$167$24
41 years$1,223$760$456$266$152$20
42 years$1,180$724$427$245$137$17
43 years$1,140$690$401$226$125$15
44 years$1,101$657$376$209$113$13
45 years$1,065$627$353$193$103$11
46 years$1,030$598$332$178$93$9
47 years$997$571$312$165$85$8
48 years$965$545$293$152$77$7
49 years$934$520$276$141$70$6
50 years$905$497$259$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $927,000, adding $3,027 every year, while hoping to spend $44,350 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: 75/17/8 Blend
62$927,000$927,000$927,000$927,000
63$1,024,676$975,545$961,177$1,100,061
64$1,082,005$976,159$946,188$1,150,716
65$1,143,695$975,316$929,211$1,200,279
66$1,210,145$972,899$910,132$1,253,325
67$1,281,790$968,782$888,832$1,310,183
68$1,359,112$962,832$865,187$1,371,216
69$1,442,638$954,907$839,068$1,436,825
70$1,532,948$944,858$810,337$1,507,451
71$1,630,679$932,527$778,854$1,583,580
72$1,736,532$917,744$744,469$1,665,750
73$1,851,277$900,332$707,028$1,754,553
74$1,975,761$880,102$666,367$1,850,641
75$2,110,915$856,854$622,316$1,954,735
76$2,257,764$830,375$574,700$2,067,630
77$2,417,435$800,443$523,332$2,190,202
78$2,591,168$766,820$468,018$2,323,418
79$2,780,328$729,254$408,557$2,468,344
80$2,986,414$687,480$344,737$2,626,155
81$3,211,080$641,219$276,337$2,798,150
82$3,456,144$590,172$203,128$2,985,759
83$3,723,606$534,026$124,868$3,190,561
84$4,015,670$472,449$41,307$3,414,297
85$4,334,761$405,092$0$3,658,887
86$4,683,547$331,582$0$3,930,534
87$5,064,970$251,530$0$4,231,518
88$5,482,264$164,522$0$4,560,910
89$5,938,993$70,122$0$4,921,577
90$6,439,080$0$0$5,316,680
91$6,986,848$0$0$5,755,715
92$7,587,053$0$0$6,251,189
93$8,244,937$0$0$6,794,316
94$8,966,272$0$0$7,389,865
95$9,757,414$0$0$8,043,090
96$10,625,364$0$0$8,759,776
97$11,577,836$0$0$9,546,298
98$12,623,323$0$0$10,409,675
99$13,771,183$0$0$11,357,642
100$15,031,724$0$0$12,398,715