Can I retire at age 63 with 929,000?

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 $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%19.1%
1 years$76,716$76,033$75,366$74,715$74,080$71,366
2 years$37,978$37,271$36,585$35,921$35,276$32,572
3 years$25,067$24,357$23,673$23,015$22,381$19,772
4 years$18,613$17,905$17,228$16,581$15,962$13,468
5 years$14,742$14,038$13,370$12,736$12,134$9,762
6 years$12,161$11,463$10,805$10,185$9,601$7,352
7 years$10,319$9,626$8,979$8,374$7,808$5,681
8 years$8,938$8,252$7,615$7,024$6,478$4,471
9 years$7,865$7,185$6,559$5,983$5,455$3,567
10 years$7,006$6,333$5,718$5,158$4,648$2,874
11 years$6,304$5,638$5,034$4,489$3,998$2,334
12 years$5,720$5,060$4,467$3,937$3,464$1,908
13 years$5,226$4,573$3,991$3,476$3,021$1,566
14 years$4,803$4,157$3,586$3,086$2,648$1,291
15 years$4,436$3,797$3,238$2,752$2,332$1,068
16 years$4,116$3,484$2,936$2,464$2,061$886
17 years$3,833$3,208$2,671$2,214$1,827$736
18 years$3,583$2,965$2,439$1,995$1,625$613
19 years$3,359$2,748$2,232$1,803$1,448$511
20 years$3,157$2,553$2,049$1,633$1,293$426
21 years$2,975$2,378$1,884$1,482$1,157$356
22 years$2,810$2,220$1,737$1,347$1,037$298
23 years$2,660$2,076$1,604$1,227$931$249
24 years$2,522$1,945$1,483$1,119$837$209
25 years$2,395$1,826$1,374$1,022$753$175
26 years$2,278$1,716$1,274$934$678$146
27 years$2,171$1,615$1,183$855$612$123
28 years$2,071$1,522$1,100$784$552$103
29 years$1,978$1,435$1,023$719$498$86
30 years$1,891$1,356$953$660$450$72
31 years$1,810$1,282$889$606$407$61
32 years$1,735$1,213$829$557$368$51
33 years$1,664$1,148$774$512$333$43
34 years$1,597$1,088$723$471$302$36
35 years$1,534$1,032$676$434$273$30
36 years$1,475$980$633$399$248$25
37 years$1,420$931$592$368$224$21
38 years$1,367$884$555$339$203$18
39 years$1,317$841$520$313$185$15
40 years$1,270$800$487$288$167$13
41 years$1,225$762$457$266$152$11
42 years$1,183$725$428$246$138$9
43 years$1,142$691$402$227$125$7
44 years$1,104$659$377$209$114$6
45 years$1,067$628$354$193$103$5
46 years$1,032$599$333$179$94$4
47 years$999$572$313$165$85$4
48 years$967$546$294$152$77$3
49 years$936$521$276$141$70$3
50 years$907$498$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $929,000, adding $6,027 every year, while hoping to spend $45,503 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: 53/34/13 Blend
62$929,000$929,000$929,000$929,000
63$1,029,975$980,738$966,338$1,080,723
64$1,086,617$980,379$950,296$1,115,624
65$1,147,513$978,478$932,191$1,148,194
66$1,213,046$974,910$911,906$1,182,590
67$1,283,641$969,545$889,319$1,218,995
68$1,359,763$962,243$864,302$1,257,615
69$1,441,923$952,857$836,720$1,298,677
70$1,530,682$941,231$806,434$1,342,436
71$1,626,658$927,197$773,295$1,389,172
72$1,730,528$910,581$737,152$1,439,198
73$1,843,039$891,196$697,844$1,492,863
74$1,965,009$868,846$655,202$1,550,552
75$2,097,341$843,320$609,052$1,612,694
76$2,241,026$814,399$559,212$1,679,764
77$2,397,154$781,848$505,489$1,752,290
78$2,566,925$745,419$447,683$1,830,859
79$2,751,658$704,851$385,587$1,916,119
80$2,952,805$659,867$318,983$2,008,791
81$3,171,964$610,174$247,642$2,109,672
82$3,410,894$555,462$171,327$2,219,649
83$3,671,530$495,404$89,791$2,339,700
84$3,956,001$429,654$2,774$2,470,913
85$4,266,652$357,846$0$2,614,490
86$4,606,064$279,595$0$2,784,260
87$4,977,080$194,491$0$2,970,424
88$5,382,827$102,106$0$3,174,269
89$5,826,749$1,983$0$3,397,647
90$6,312,640$0$0$3,642,599
91$6,844,676$0$0$3,951,178
92$7,427,457$0$0$4,290,091
93$8,066,047$0$0$4,661,554
94$8,766,024$0$0$5,068,823
95$9,533,532$0$0$5,515,486
96$10,375,337$0$0$6,005,491
97$11,298,892$0$0$6,543,191
98$12,312,405$0$0$7,133,379
99$13,424,919$0$0$7,781,333
100$14,646,394$0$0$8,492,869