Can I retire at age 63 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$76,633$75,951$75,285$74,635$74,000$72,211
2 years$37,937$37,231$36,546$35,882$35,238$33,447
3 years$25,040$24,331$23,648$22,990$22,357$20,618
4 years$18,593$17,886$17,209$16,563$15,945$14,273
5 years$14,726$14,023$13,355$12,722$12,121$10,521
6 years$12,148$11,450$10,793$10,174$9,591$8,064
7 years$10,308$9,616$8,969$8,364$7,800$6,346
8 years$8,929$8,243$7,606$7,017$6,471$5,090
9 years$7,856$7,177$6,551$5,977$5,449$4,140
10 years$6,999$6,326$5,712$5,152$4,643$3,403
11 years$6,298$5,632$5,028$4,484$3,993$2,822
12 years$5,714$5,055$4,463$3,933$3,460$2,355
13 years$5,220$4,568$3,987$3,472$3,018$1,977
14 years$4,797$4,152$3,582$3,082$2,645$1,666
15 years$4,431$3,793$3,234$2,749$2,329$1,409
16 years$4,111$3,480$2,933$2,461$2,058$1,196
17 years$3,829$3,205$2,668$2,211$1,825$1,017
18 years$3,579$2,962$2,436$1,993$1,623$867
19 years$3,355$2,745$2,230$1,801$1,446$741
20 years$3,154$2,551$2,047$1,631$1,292$633
21 years$2,972$2,376$1,882$1,480$1,156$542
22 years$2,807$2,218$1,735$1,346$1,036$465
23 years$2,657$2,074$1,602$1,226$930$399
24 years$2,519$1,943$1,482$1,118$836$343
25 years$2,393$1,824$1,372$1,021$752$294
26 years$2,276$1,714$1,273$933$678$253
27 years$2,168$1,613$1,182$854$611$218
28 years$2,068$1,520$1,099$783$551$187
29 years$1,975$1,434$1,022$718$498$161
30 years$1,889$1,354$952$659$450$139
31 years$1,808$1,280$888$605$407$120
32 years$1,733$1,211$828$556$368$103
33 years$1,662$1,147$773$511$333$89
34 years$1,595$1,087$723$471$301$77
35 years$1,533$1,031$676$433$273$66
36 years$1,474$979$632$399$247$57
37 years$1,418$930$592$368$224$49
38 years$1,366$883$554$339$203$42
39 years$1,316$840$519$312$184$36
40 years$1,269$799$486$288$167$31
41 years$1,224$761$456$266$152$27
42 years$1,181$725$428$245$138$23
43 years$1,141$690$402$226$125$20
44 years$1,103$658$377$209$113$17
45 years$1,066$628$354$193$103$15
46 years$1,031$599$332$178$93$13
47 years$998$571$312$165$85$11
48 years$966$545$293$152$77$10
49 years$935$521$276$141$70$8
50 years$906$497$259$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $928,000, adding $4,275 every year, while hoping to spend $41,711 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: 69/22/9 Blend
62$928,000$928,000$928,000$928,000
63$1,027,066$977,882$963,498$1,095,884
64$1,087,446$981,418$951,395$1,145,594
65$1,152,588$983,729$937,488$1,194,483
66$1,222,931$984,712$921,674$1,246,848
67$1,298,963$984,255$903,842$1,303,022
68$1,381,215$982,241$883,879$1,363,373
69$1,470,274$978,547$861,665$1,428,306
70$1,566,785$973,039$837,073$1,498,270
71$1,671,457$965,577$809,975$1,573,759
72$1,785,067$956,012$780,231$1,655,319
73$1,908,475$944,187$747,699$1,743,551
74$2,042,622$929,935$712,229$1,839,121
75$2,188,545$913,078$673,665$1,942,762
76$2,347,387$893,428$631,843$2,055,282
77$2,520,402$870,788$586,591$2,177,576
78$2,708,972$844,946$537,731$2,310,628
79$2,914,618$815,679$485,076$2,455,528
80$3,139,014$782,753$428,432$2,613,474
81$3,384,003$745,916$367,593$2,785,792
82$3,651,612$704,907$302,348$2,973,942
83$3,944,073$659,445$232,474$3,179,539
84$4,263,846$609,235$157,739$3,404,361
85$4,613,636$553,965$77,901$3,650,372
86$4,996,423$493,306$0$3,919,738
87$5,415,489$426,908$0$4,215,551
88$5,874,447$354,404$0$4,547,775
89$6,377,275$275,405$0$4,911,859
90$6,928,357$189,499$0$5,311,038
91$7,532,517$96,253$0$5,748,882
92$8,195,073$0$0$6,229,328
93$8,921,877$0$0$6,757,876
94$9,719,379$0$0$7,363,457
95$10,594,682$0$0$8,028,170
96$11,555,609$0$0$8,757,964
97$12,610,779$0$0$9,559,391
98$13,769,686$0$0$10,439,668
99$15,042,789$0$0$11,406,749
100$16,441,609$0$0$12,469,392