Can I retire at age 63 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$76,799$76,114$75,447$74,796$74,160$72,162
2 years$38,019$37,311$36,625$35,959$35,314$33,316
3 years$25,094$24,383$23,699$23,040$22,405$20,468
4 years$18,633$17,924$17,247$16,599$15,979$14,119
5 years$14,757$14,053$13,384$12,749$12,147$10,369
6 years$12,175$11,475$10,816$10,196$9,612$7,917
7 years$10,330$9,637$8,988$8,383$7,817$6,206
8 years$8,948$8,261$7,623$7,032$6,485$4,957
9 years$7,873$7,192$6,566$5,990$5,461$4,015
10 years$7,014$6,340$5,724$5,163$4,653$3,286
11 years$6,311$5,644$5,039$4,493$4,002$2,713
12 years$5,726$5,066$4,472$3,941$3,468$2,254
13 years$5,231$4,578$3,996$3,480$3,024$1,882
14 years$4,808$4,161$3,590$3,089$2,651$1,579
15 years$4,441$3,801$3,241$2,755$2,334$1,329
16 years$4,120$3,488$2,939$2,467$2,063$1,122
17 years$3,838$3,212$2,674$2,216$1,829$950
18 years$3,587$2,968$2,441$1,997$1,626$806
19 years$3,362$2,751$2,235$1,805$1,450$684
20 years$3,161$2,556$2,051$1,634$1,295$582
21 years$2,979$2,381$1,887$1,483$1,159$496
22 years$2,813$2,222$1,739$1,349$1,039$423
23 years$2,662$2,079$1,605$1,228$932$361
24 years$2,524$1,948$1,485$1,120$838$308
25 years$2,398$1,828$1,375$1,023$754$263
26 years$2,281$1,718$1,275$935$679$225
27 years$2,173$1,617$1,184$856$612$193
28 years$2,073$1,523$1,101$785$553$165
29 years$1,980$1,437$1,025$719$499$141
30 years$1,893$1,357$954$660$451$121
31 years$1,812$1,283$890$606$408$103
32 years$1,736$1,214$830$557$369$89
33 years$1,665$1,150$775$512$334$76
34 years$1,599$1,090$724$472$302$65
35 years$1,536$1,033$677$434$274$56
36 years$1,477$981$633$400$248$48
37 years$1,421$932$593$368$225$41
38 years$1,369$885$555$339$204$35
39 years$1,319$842$520$313$185$30
40 years$1,271$801$488$289$168$26
41 years$1,227$762$457$266$152$22
42 years$1,184$726$429$246$138$19
43 years$1,144$692$402$227$125$16
44 years$1,105$659$378$210$114$14
45 years$1,068$629$355$194$103$12
46 years$1,033$600$333$179$94$10
47 years$1,000$573$313$165$85$9
48 years$968$547$294$153$77$8
49 years$937$522$276$141$70$6
50 years$908$499$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $930,000, adding $2,708 every year, while hoping to spend $52,261 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: 38/48/14 Blend
62$930,000$930,000$930,000$930,000
63$1,027,653$978,363$963,948$1,062,252
64$1,076,869$970,698$940,635$1,079,540
65$1,129,352$960,905$914,790$1,092,965
66$1,185,383$948,826$886,272$1,106,340
67$1,245,264$934,291$854,934$1,119,689
68$1,309,332$917,122$820,625$1,133,037
69$1,377,951$897,128$783,183$1,146,420
70$1,451,524$874,110$742,442$1,159,881
71$1,530,492$847,853$698,226$1,173,473
72$1,615,338$818,134$650,353$1,187,258
73$1,706,594$784,714$598,631$1,201,311
74$1,804,842$747,340$542,861$1,215,721
75$1,910,723$705,747$482,834$1,230,592
76$2,024,941$659,652$418,332$1,246,044
77$2,148,267$608,758$349,129$1,262,218
78$2,281,551$552,748$274,985$1,279,278
79$2,425,726$491,289$195,654$1,297,410
80$2,581,818$424,030$110,876$1,316,829
81$2,750,954$350,598$20,382$1,337,781
82$2,934,375$270,601$0$1,360,547
83$3,133,443$183,623$0$1,396,828
84$3,349,659$89,225$0$1,439,594
85$3,584,672$0$0$1,486,255
86$3,840,297$0$0$1,544,219
87$4,118,530$0$0$1,658,718
88$4,421,568$0$0$1,783,541
89$4,751,829$0$0$1,919,698
90$5,111,974$0$0$2,068,301
91$5,504,930$0$0$2,230,575
92$5,933,921$0$0$2,407,867
93$6,402,495$0$0$2,601,661
94$6,914,557$0$0$2,813,590
95$7,474,410$0$0$3,045,452
96$8,086,785$0$0$3,299,228
97$8,756,898$0$0$3,577,098
98$9,490,488$0$0$3,881,463
99$10,293,876$0$0$4,214,967
100$11,174,024$0$0$4,580,524