Can I retire at age 63 with 930,000?

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 $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%13.1%
1 years$76,799$76,114$75,447$74,796$74,160$73,202
2 years$38,019$37,311$36,625$35,959$35,314$34,351
3 years$25,094$24,383$23,699$23,040$22,405$21,466
4 years$18,633$17,924$17,247$16,599$15,979$15,072
5 years$14,757$14,053$13,384$12,749$12,147$11,274
6 years$12,175$11,475$10,816$10,196$9,612$8,773
7 years$10,330$9,637$8,988$8,383$7,817$7,014
8 years$8,948$8,261$7,623$7,032$6,485$5,717
9 years$7,873$7,192$6,566$5,990$5,461$4,728
10 years$7,014$6,340$5,724$5,163$4,653$3,955
11 years$6,311$5,644$5,039$4,493$4,002$3,337
12 years$5,726$5,066$4,472$3,941$3,468$2,836
13 years$5,231$4,578$3,996$3,480$3,024$2,425
14 years$4,808$4,161$3,590$3,089$2,651$2,083
15 years$4,441$3,801$3,241$2,755$2,334$1,797
16 years$4,120$3,488$2,939$2,467$2,063$1,555
17 years$3,838$3,212$2,674$2,216$1,829$1,349
18 years$3,587$2,968$2,441$1,997$1,626$1,174
19 years$3,362$2,751$2,235$1,805$1,450$1,023
20 years$3,161$2,556$2,051$1,634$1,295$894
21 years$2,979$2,381$1,887$1,483$1,159$782
22 years$2,813$2,222$1,739$1,349$1,039$685
23 years$2,662$2,079$1,605$1,228$932$601
24 years$2,524$1,948$1,485$1,120$838$527
25 years$2,398$1,828$1,375$1,023$754$463
26 years$2,281$1,718$1,275$935$679$407
27 years$2,173$1,617$1,184$856$612$358
28 years$2,073$1,523$1,101$785$553$315
29 years$1,980$1,437$1,025$719$499$278
30 years$1,893$1,357$954$660$451$245
31 years$1,812$1,283$890$606$408$216
32 years$1,736$1,214$830$557$369$190
33 years$1,665$1,150$775$512$334$168
34 years$1,599$1,090$724$472$302$148
35 years$1,536$1,033$677$434$274$131
36 years$1,477$981$633$400$248$115
37 years$1,421$932$593$368$225$102
38 years$1,369$885$555$339$204$90
39 years$1,319$842$520$313$185$79
40 years$1,271$801$488$289$168$70
41 years$1,227$762$457$266$152$62
42 years$1,184$726$429$246$138$55
43 years$1,144$692$402$227$125$48
44 years$1,105$659$378$210$114$43
45 years$1,068$629$355$194$103$38
46 years$1,033$600$333$179$94$33
47 years$1,000$573$313$165$85$30
48 years$968$547$294$153$77$26
49 years$937$522$276$141$70$23
50 years$908$499$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $930,000, adding $2,454 every year, while hoping to spend $39,899 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: 42/47/11 Blend
62$930,000$930,000$930,000$930,000
63$1,027,391$978,101$963,686$1,067,132
64$1,089,733$983,576$953,518$1,100,658
65$1,157,096$987,982$941,671$1,132,755
66$1,229,951$991,224$928,048$1,166,621
67$1,308,815$993,202$912,546$1,202,434
68$1,394,254$993,810$895,057$1,240,392
69$1,486,895$992,934$875,468$1,280,716
70$1,587,424$990,453$853,662$1,323,651
71$1,696,596$986,239$829,514$1,369,470
72$1,815,241$980,158$802,896$1,418,475
73$1,944,275$972,065$773,672$1,471,004
74$2,084,703$961,808$741,701$1,527,431
75$2,237,630$949,224$706,836$1,588,171
76$2,404,276$934,143$668,922$1,653,686
77$2,585,979$916,383$627,798$1,724,489
78$2,784,214$895,751$583,295$1,801,148
79$3,000,605$872,044$535,236$1,884,294
80$3,236,939$845,046$483,439$1,974,628
81$3,495,182$814,529$427,709$2,072,924
82$3,777,500$780,251$367,847$2,180,044
83$4,086,278$741,956$303,643$2,296,942
84$4,424,140$699,374$234,877$2,424,674
85$4,793,978$652,219$161,321$2,564,412
86$5,198,975$600,188$82,736$2,717,452
87$5,642,635$542,963$0$2,885,232
88$6,128,820$480,204$0$3,069,474
89$6,661,781$411,555$0$3,282,180
90$7,246,200$336,639$0$3,515,608
91$7,887,235$255,056$0$3,771,950
92$8,590,566$166,387$0$4,053,627
93$9,362,450$70,186$0$4,363,315
94$10,209,779$0$0$4,703,973
95$11,140,145$0$0$5,096,463
96$12,161,911$0$0$5,567,498
97$13,284,289$0$0$6,085,042
98$14,517,428$0$0$6,653,789
99$15,872,509$0$0$7,278,913
100$17,361,849$0$0$7,966,112