Can I retire at age 63 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$76,716$76,033$75,366$74,715$74,080$72,793
2 years$37,978$37,271$36,585$35,921$35,276$33,983
3 years$25,067$24,357$23,673$23,015$22,381$21,123
4 years$18,613$17,905$17,228$16,581$15,962$14,749
5 years$14,742$14,038$13,370$12,736$12,134$10,969
6 years$12,161$11,463$10,805$10,185$9,601$8,485
7 years$10,319$9,626$8,979$8,374$7,808$6,742
8 years$8,938$8,252$7,615$7,024$6,478$5,461
9 years$7,865$7,185$6,559$5,983$5,455$4,487
10 years$7,006$6,333$5,718$5,158$4,648$3,728
11 years$6,304$5,638$5,034$4,489$3,998$3,124
12 years$5,720$5,060$4,467$3,937$3,464$2,637
13 years$5,226$4,573$3,991$3,476$3,021$2,238
14 years$4,803$4,157$3,586$3,086$2,648$1,908
15 years$4,436$3,797$3,238$2,752$2,332$1,633
16 years$4,116$3,484$2,936$2,464$2,061$1,403
17 years$3,833$3,208$2,671$2,214$1,827$1,208
18 years$3,583$2,965$2,439$1,995$1,625$1,043
19 years$3,359$2,748$2,232$1,803$1,448$902
20 years$3,157$2,553$2,049$1,633$1,293$781
21 years$2,975$2,378$1,884$1,482$1,157$678
22 years$2,810$2,220$1,737$1,347$1,037$589
23 years$2,660$2,076$1,604$1,227$931$512
24 years$2,522$1,945$1,483$1,119$837$445
25 years$2,395$1,826$1,374$1,022$753$388
26 years$2,278$1,716$1,274$934$678$338
27 years$2,171$1,615$1,183$855$612$295
28 years$2,071$1,522$1,100$784$552$257
29 years$1,978$1,435$1,023$719$498$225
30 years$1,891$1,356$953$660$450$196
31 years$1,810$1,282$889$606$407$171
32 years$1,735$1,213$829$557$368$150
33 years$1,664$1,148$774$512$333$131
34 years$1,597$1,088$723$471$302$114
35 years$1,534$1,032$676$434$273$100
36 years$1,475$980$633$399$248$88
37 years$1,420$931$592$368$224$77
38 years$1,367$884$555$339$203$67
39 years$1,317$841$520$313$185$59
40 years$1,270$800$487$288$167$51
41 years$1,225$762$457$266$152$45
42 years$1,183$725$428$246$138$39
43 years$1,142$691$402$227$125$34
44 years$1,104$659$377$209$114$30
45 years$1,067$628$354$193$103$26
46 years$1,032$599$333$179$94$23
47 years$999$572$313$165$85$20
48 years$967$546$294$152$77$18
49 years$936$521$276$141$70$15
50 years$907$498$260$130$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $929,000, adding $5,183 every year, while hoping to spend $49,379 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: 63/30/7 Blend
62$929,000$929,000$929,000$929,000
63$1,029,104$979,867$965,468$1,092,242
64$1,081,534$975,342$945,272$1,130,463
65$1,137,657$968,940$922,745$1,165,917
66$1,197,797$960,517$897,756$1,203,350
67$1,262,310$949,920$870,169$1,242,952
68$1,331,588$936,988$839,841$1,284,932
69$1,406,058$921,549$806,624$1,329,525
70$1,486,191$903,421$770,362$1,376,987
71$1,572,505$882,410$730,891$1,427,606
72$1,665,567$858,314$688,042$1,481,699
73$1,765,999$830,917$641,636$1,539,618
74$1,874,488$799,989$591,488$1,601,755
75$1,991,786$765,289$537,403$1,668,541
76$2,118,721$726,560$479,179$1,740,456
77$2,256,202$683,533$416,603$1,818,031
78$2,405,229$635,921$349,454$1,901,854
79$2,566,902$583,421$277,500$1,992,578
80$2,742,431$525,713$200,501$2,090,923
81$2,933,145$462,459$118,204$2,197,690
82$3,140,508$393,301$30,346$2,313,762
83$3,366,130$317,863$0$2,440,118
84$3,611,781$235,745$0$2,582,580
85$3,879,412$146,526$0$2,740,335
86$4,171,167$49,760$0$2,912,466
87$4,489,407$0$0$3,100,461
88$4,836,730$0$0$3,324,134
89$5,215,996$0$0$3,586,378
90$5,630,353$0$0$3,872,951
91$6,083,269$0$0$4,186,259
92$6,578,558$0$0$4,528,949
93$7,120,422$0$0$4,903,939
94$7,713,489$0$0$5,314,437
95$8,362,852$0$0$5,763,981
96$9,074,122$0$0$6,256,464
97$9,853,476$0$0$6,796,173
98$10,707,719$0$0$7,387,832
99$11,644,344$0$0$8,036,641
100$12,671,605$0$0$8,748,329