Can I retire at age 63 with 931,000?

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 $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%18%
1 years$76,881$76,196$75,528$74,876$74,239$71,834
2 years$38,060$37,351$36,664$35,998$35,352$32,951
3 years$25,121$24,409$23,724$23,064$22,429$20,108
4 years$18,653$17,943$17,265$16,617$15,996$13,773
5 years$14,773$14,068$13,398$12,763$12,160$10,041
6 years$12,188$11,487$10,828$10,207$9,622$7,608
7 years$10,341$9,647$8,998$8,392$7,825$5,916
8 years$8,957$8,269$7,631$7,039$6,492$4,687
9 years$7,882$7,200$6,573$5,996$5,467$3,764
10 years$7,021$6,346$5,730$5,169$4,658$3,054
11 years$6,318$5,650$5,045$4,498$4,006$2,498
12 years$5,732$5,071$4,477$3,946$3,472$2,056
13 years$5,237$4,583$4,000$3,483$3,027$1,701
14 years$4,813$4,166$3,594$3,092$2,654$1,414
15 years$4,446$3,805$3,245$2,758$2,337$1,178
16 years$4,125$3,491$2,942$2,469$2,065$985
17 years$3,842$3,215$2,677$2,219$1,831$825
18 years$3,591$2,971$2,444$1,999$1,628$692
19 years$3,366$2,754$2,237$1,807$1,451$582
20 years$3,164$2,559$2,053$1,636$1,296$490
21 years$2,982$2,383$1,889$1,485$1,160$413
22 years$2,816$2,225$1,741$1,350$1,040$348
23 years$2,665$2,081$1,607$1,230$933$294
24 years$2,527$1,950$1,486$1,121$839$248
25 years$2,400$1,830$1,377$1,024$755$210
26 years$2,283$1,720$1,277$936$680$177
27 years$2,175$1,618$1,186$857$613$150
28 years$2,075$1,525$1,102$785$553$127
29 years$1,982$1,439$1,026$720$499$107
30 years$1,895$1,359$955$661$451$91
31 years$1,814$1,284$891$607$408$77
32 years$1,738$1,215$831$558$369$65
33 years$1,667$1,151$776$513$334$55
34 years$1,601$1,091$725$472$302$47
35 years$1,538$1,035$678$435$274$40
36 years$1,479$982$634$400$248$33
37 years$1,423$933$593$369$225$28
38 years$1,370$886$556$340$204$24
39 years$1,320$843$521$313$185$20
40 years$1,273$802$488$289$168$17
41 years$1,228$763$458$267$152$15
42 years$1,185$727$429$246$138$12
43 years$1,145$693$403$227$125$10
44 years$1,106$660$378$210$114$9
45 years$1,069$630$355$194$103$8
46 years$1,034$601$333$179$94$6
47 years$1,001$573$313$165$85$5
48 years$969$547$294$153$77$5
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $931,000, adding $2,461 every year, while hoping to spend $39,141 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: 42/29/29 Blend
62$931,000$931,000$931,000$931,000
63$1,028,501$979,158$964,727$1,062,874
64$1,091,762$985,491$955,400$1,094,235
65$1,160,164$990,822$944,448$1,124,322
66$1,234,190$995,062$931,776$1,156,166
67$1,314,371$998,113$917,284$1,189,955
68$1,401,290$999,874$900,867$1,225,896
69$1,495,591$1,000,237$882,415$1,264,221
70$1,597,978$999,085$861,812$1,305,187
71$1,709,228$996,297$838,940$1,349,080
72$1,830,196$991,742$813,671$1,396,219
73$1,961,821$985,283$785,874$1,446,956
74$2,105,138$976,773$755,412$1,501,686
75$2,261,285$966,057$722,141$1,560,845
76$2,431,513$952,971$685,910$1,624,916
77$2,617,201$937,341$646,561$1,694,439
78$2,819,866$918,981$603,932$1,770,010
79$3,041,178$897,696$557,849$1,852,290
80$3,282,975$873,280$508,133$1,942,015
81$3,547,280$845,513$454,598$2,039,997
82$3,836,322$814,162$397,046$2,147,139
83$4,152,553$778,982$335,274$2,264,441
84$4,498,675$739,714$269,067$2,393,009
85$4,877,663$696,083$198,204$2,534,070
86$5,292,791$647,797$122,450$2,688,983
87$5,747,667$594,551$41,563$2,859,250
88$6,246,262$536,017$0$3,046,534
89$6,792,954$471,855$0$3,266,528
90$7,392,559$401,699$0$3,522,044
91$8,050,385$325,168$0$3,802,547
92$8,772,280$241,856$0$4,110,618
93$9,564,681$151,336$0$4,449,107
94$10,434,682$53,156$0$4,821,160
95$11,390,098$0$0$5,230,247
96$12,439,534$0$0$5,697,162
97$13,592,474$0$0$6,228,888
98$14,859,364$0$0$6,813,294
99$16,251,710$0$0$7,455,705
100$17,782,192$0$0$8,161,987