Can I retire at age 63 with 927,000?

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 $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%19.7%
1 years$76,551$75,869$75,204$74,554$73,920$71,044
2 years$37,896$37,191$36,507$35,843$35,200$32,337
3 years$25,013$24,304$23,622$22,965$22,332$19,572
4 years$18,573$17,866$17,191$16,545$15,928$13,292
5 years$14,710$14,007$13,341$12,708$12,108$9,603
6 years$12,135$11,438$10,781$10,163$9,581$7,209
7 years$10,297$9,606$8,959$8,355$7,792$5,552
8 years$8,919$8,234$7,598$7,009$6,464$4,354
9 years$7,848$7,169$6,544$5,970$5,444$3,460
10 years$6,991$6,319$5,706$5,146$4,638$2,778
11 years$6,291$5,626$5,023$4,479$3,989$2,247
12 years$5,708$5,049$4,458$3,929$3,457$1,829
13 years$5,215$4,563$3,983$3,468$3,014$1,496
14 years$4,792$4,148$3,579$3,079$2,642$1,228
15 years$4,427$3,789$3,231$2,746$2,327$1,011
16 years$4,107$3,476$2,929$2,459$2,056$835
17 years$3,825$3,202$2,666$2,209$1,823$691
18 years$3,575$2,958$2,433$1,991$1,621$572
19 years$3,352$2,742$2,228$1,799$1,445$475
20 years$3,151$2,548$2,044$1,629$1,291$395
21 years$2,969$2,373$1,880$1,479$1,155$328
22 years$2,804$2,215$1,733$1,344$1,035$273
23 years$2,654$2,072$1,600$1,224$929$227
24 years$2,516$1,941$1,480$1,117$835$189
25 years$2,390$1,822$1,371$1,020$752$158
26 years$2,273$1,712$1,271$932$677$132
27 years$2,166$1,611$1,180$854$610$110
28 years$2,066$1,518$1,097$782$551$92
29 years$1,973$1,432$1,021$717$497$76
30 years$1,887$1,353$951$658$449$64
31 years$1,806$1,279$887$604$406$53
32 years$1,731$1,210$827$555$368$44
33 years$1,660$1,146$773$511$333$37
34 years$1,594$1,086$722$470$301$31
35 years$1,531$1,030$675$433$273$26
36 years$1,472$978$631$398$247$22
37 years$1,417$929$591$367$224$18
38 years$1,364$883$553$338$203$15
39 years$1,314$839$518$312$184$13
40 years$1,267$798$486$288$167$11
41 years$1,223$760$456$266$152$9
42 years$1,180$724$427$245$137$7
43 years$1,140$690$401$226$125$6
44 years$1,101$657$376$209$113$5
45 years$1,065$627$353$193$103$4
46 years$1,030$598$332$178$93$4
47 years$997$571$312$165$85$3
48 years$965$545$293$152$77$2
49 years$934$520$276$141$70$2
50 years$905$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $927,000, adding $2,993 every year, while hoping to spend $53,565 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: 77/18/5 Blend
62$927,000$927,000$927,000$927,000
63$1,024,641$975,510$961,142$1,103,037
64$1,072,162$966,318$936,347$1,145,692
65$1,122,734$954,879$908,927$1,185,188
66$1,176,614$941,028$878,736$1,226,896
67$1,234,078$924,589$845,624$1,271,012
68$1,295,434$905,373$809,432$1,317,752
69$1,361,015$883,184$769,995$1,367,354
70$1,431,190$857,811$727,141$1,420,081
71$1,506,360$829,032$680,688$1,476,223
72$1,586,966$796,612$630,449$1,536,102
73$1,673,494$760,303$576,227$1,600,071
74$1,766,474$719,842$517,814$1,668,522
75$1,866,490$674,950$454,996$1,741,885
76$1,974,182$625,333$387,549$1,820,637
77$2,090,255$570,680$315,238$1,905,304
78$2,215,480$510,662$237,817$1,996,469
79$2,350,706$444,932$155,032$2,094,772
80$2,496,867$373,123$66,614$2,200,922
81$2,654,988$294,846$0$2,315,701
82$2,826,195$209,692$0$2,441,455
83$3,011,728$117,228$0$2,581,545
84$3,212,949$16,997$0$2,733,484
85$3,431,356$0$0$2,898,453
86$3,668,598$0$0$3,095,874
87$3,926,486$0$0$3,314,164
88$4,207,015$0$0$3,551,650
89$4,512,379$0$0$3,810,191
90$4,844,992$0$0$4,091,836
91$5,207,511$0$0$4,398,839
92$5,602,859$0$0$4,733,679
93$6,034,254$0$0$5,099,087
94$6,505,238$0$0$5,498,068
95$7,019,711$0$0$5,933,929
96$7,581,965$0$0$6,410,312
97$8,196,725$0$0$6,931,227
98$8,869,194$0$0$7,501,088
99$9,605,103$0$0$8,124,755
100$10,410,758$0$0$8,807,581