Can I retire at age 63 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,881$76,196$75,528$74,876$74,239$72,386
2 years$38,060$37,351$36,664$35,998$35,352$33,496
3 years$25,121$24,409$23,724$23,064$22,429$20,629
4 years$18,653$17,943$17,265$16,617$15,996$14,266
5 years$14,773$14,068$13,398$12,763$12,160$10,505
6 years$12,188$11,487$10,828$10,207$9,622$8,043
7 years$10,341$9,647$8,998$8,392$7,825$6,322
8 years$8,957$8,269$7,631$7,039$6,492$5,065
9 years$7,882$7,200$6,573$5,996$5,467$4,114
10 years$7,021$6,346$5,730$5,169$4,658$3,378
11 years$6,318$5,650$5,045$4,498$4,006$2,797
12 years$5,732$5,071$4,477$3,946$3,472$2,332
13 years$5,237$4,583$4,000$3,483$3,027$1,954
14 years$4,813$4,166$3,594$3,092$2,654$1,645
15 years$4,446$3,805$3,245$2,758$2,337$1,390
16 years$4,125$3,491$2,942$2,469$2,065$1,178
17 years$3,842$3,215$2,677$2,219$1,831$1,000
18 years$3,591$2,971$2,444$1,999$1,628$851
19 years$3,366$2,754$2,237$1,807$1,451$726
20 years$3,164$2,559$2,053$1,636$1,296$620
21 years$2,982$2,383$1,889$1,485$1,160$530
22 years$2,816$2,225$1,741$1,350$1,040$454
23 years$2,665$2,081$1,607$1,230$933$389
24 years$2,527$1,950$1,486$1,121$839$333
25 years$2,400$1,830$1,377$1,024$755$286
26 years$2,283$1,720$1,277$936$680$245
27 years$2,175$1,618$1,186$857$613$211
28 years$2,075$1,525$1,102$785$553$181
29 years$1,982$1,439$1,026$720$499$156
30 years$1,895$1,359$955$661$451$134
31 years$1,814$1,284$891$607$408$115
32 years$1,738$1,215$831$558$369$99
33 years$1,667$1,151$776$513$334$85
34 years$1,601$1,091$725$472$302$73
35 years$1,538$1,035$678$435$274$63
36 years$1,479$982$634$400$248$54
37 years$1,423$933$593$369$225$47
38 years$1,370$886$556$340$204$40
39 years$1,320$843$521$313$185$35
40 years$1,273$802$488$289$168$30
41 years$1,228$763$458$267$152$26
42 years$1,185$727$429$246$138$22
43 years$1,145$693$403$227$125$19
44 years$1,106$660$378$210$114$16
45 years$1,069$630$355$194$103$14
46 years$1,034$601$333$179$94$12
47 years$1,001$573$313$165$85$10
48 years$969$547$294$153$77$9
49 years$938$522$277$141$70$8
50 years$909$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $931,000, adding $3,998 every year, while hoping to spend $45,096 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: 60/31/9 Blend
62$931,000$931,000$931,000$931,000
63$1,030,086$980,743$966,312$1,089,575
64$1,087,173$980,818$950,702$1,130,030
65$1,148,571$979,384$933,057$1,168,640
66$1,214,673$976,322$913,263$1,209,633
67$1,285,910$971,501$891,196$1,253,242
68$1,362,753$964,786$866,732$1,299,723
69$1,445,724$956,030$839,738$1,349,361
70$1,535,392$945,080$810,074$1,402,470
71$1,632,387$931,773$777,595$1,459,399
72$1,737,396$915,937$742,151$1,520,534
73$1,851,180$897,387$703,582$1,586,302
74$1,974,572$875,930$661,724$1,657,176
75$2,108,488$851,361$616,402$1,733,680
76$2,253,938$823,462$567,435$1,816,393
77$2,412,031$792,003$514,636$1,905,957
78$2,583,988$756,740$457,806$2,003,082
79$2,771,151$717,417$396,738$2,108,551
80$2,974,998$673,760$331,218$2,223,235
81$3,197,155$625,481$261,021$2,348,093
82$3,439,411$572,276$185,912$2,484,188
83$3,703,735$513,822$105,645$2,632,694
84$3,992,297$449,779$19,964$2,794,912
85$4,307,481$379,788$0$2,972,276
86$4,651,915$303,469$0$3,173,239
87$5,028,490$220,419$0$3,395,183
88$5,440,393$130,216$0$3,638,158
89$5,891,127$32,411$0$3,904,335
90$6,384,555$0$0$4,196,114
91$6,924,927$0$0$4,541,205
92$7,516,925$0$0$4,931,451
93$8,165,705$0$0$5,359,204
94$8,876,945$0$0$5,828,217
95$9,656,900$0$0$6,342,625
96$10,512,456$0$0$6,906,980
97$11,451,202$0$0$7,526,297
98$12,481,494$0$0$8,206,101
99$13,612,538$0$0$8,952,477
100$14,854,472$0$0$9,772,128