Can I retire at age 63 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$77,129$76,442$75,772$75,117$74,478$72,094
2 years$38,183$37,471$36,782$36,114$35,466$33,086
3 years$25,202$24,488$23,801$23,139$22,501$20,200
4 years$18,713$18,001$17,321$16,670$16,048$13,843
5 years$14,821$14,113$13,442$12,804$12,199$10,097
6 years$12,227$11,525$10,863$10,240$9,653$7,655
7 years$10,375$9,678$9,027$8,419$7,850$5,956
8 years$8,986$8,296$7,656$7,062$6,513$4,721
9 years$7,907$7,223$6,594$6,015$5,485$3,794
10 years$7,044$6,367$5,749$5,185$4,673$3,080
11 years$6,338$5,668$5,061$4,513$4,019$2,521
12 years$5,751$5,087$4,492$3,958$3,483$2,077
13 years$5,254$4,597$4,013$3,495$3,037$1,719
14 years$4,828$4,179$3,606$3,102$2,662$1,430
15 years$4,460$3,818$3,255$2,767$2,344$1,192
16 years$4,138$3,503$2,951$2,477$2,072$997
17 years$3,854$3,226$2,686$2,226$1,837$836
18 years$3,602$2,981$2,452$2,006$1,633$702
19 years$3,377$2,763$2,244$1,812$1,456$591
20 years$3,174$2,567$2,060$1,641$1,300$498
21 years$2,991$2,391$1,895$1,490$1,164$420
22 years$2,825$2,232$1,746$1,355$1,043$354
23 years$2,674$2,088$1,612$1,234$936$299
24 years$2,535$1,956$1,491$1,125$842$253
25 years$2,408$1,836$1,381$1,028$757$214
26 years$2,291$1,725$1,281$940$682$181
27 years$2,182$1,624$1,189$860$615$153
28 years$2,082$1,530$1,106$788$555$130
29 years$1,988$1,443$1,029$723$501$110
30 years$1,901$1,363$958$663$453$93
31 years$1,820$1,288$894$609$409$79
32 years$1,744$1,219$834$560$370$67
33 years$1,673$1,155$778$515$335$57
34 years$1,606$1,094$727$474$303$48
35 years$1,543$1,038$680$436$275$41
36 years$1,483$985$636$401$249$34
37 years$1,427$936$595$370$226$29
38 years$1,374$889$558$341$205$25
39 years$1,324$846$522$314$186$21
40 years$1,277$804$490$290$168$18
41 years$1,232$766$459$268$153$15
42 years$1,189$729$431$247$139$13
43 years$1,148$695$404$228$126$11
44 years$1,110$662$379$210$114$9
45 years$1,073$632$356$194$104$8
46 years$1,038$603$335$180$94$7
47 years$1,004$575$314$166$85$6
48 years$972$549$295$153$78$5
49 years$941$524$278$142$70$4
50 years$912$501$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $934,000, adding $3,791 every year, while hoping to spend $30,469 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: 74/17/9 Blend
62$934,000$934,000$934,000$934,000
63$1,033,178$983,676$969,199$1,107,766
64$1,106,144$999,458$969,249$1,173,241
65$1,185,531$1,014,991$968,279$1,240,748
66$1,271,961$1,030,232$966,223$1,313,848
67$1,366,122$1,045,134$963,011$1,393,087
68$1,468,765$1,059,645$958,572$1,479,063
69$1,580,723$1,073,711$952,827$1,572,437
70$1,702,907$1,087,273$945,697$1,673,935
71$1,836,324$1,100,271$937,099$1,784,359
72$1,982,081$1,112,636$926,944$1,904,591
73$2,141,397$1,124,298$915,140$2,035,605
74$2,315,613$1,135,182$901,590$2,178,472
75$2,506,206$1,145,207$886,194$2,334,374
76$2,714,803$1,154,286$868,846$2,504,611
77$2,943,196$1,162,329$849,435$2,690,618
78$3,193,356$1,169,237$827,845$2,893,975
79$3,467,456$1,174,908$803,956$3,116,425
80$3,767,889$1,179,230$777,641$3,359,886
81$4,097,288$1,182,087$748,766$3,626,473
82$4,458,556$1,183,354$717,194$3,918,520
83$4,854,888$1,182,898$682,780$4,238,593
84$5,289,806$1,180,579$645,372$4,589,527
85$5,767,186$1,176,247$604,812$4,974,440
86$6,291,300$1,169,745$560,934$5,396,774
87$6,866,854$1,160,903$513,567$5,860,320
88$7,499,030$1,149,544$462,528$6,369,255
89$8,193,538$1,135,479$407,630$6,928,184
90$8,956,669$1,118,508$348,676$7,542,185
91$9,795,352$1,098,417$285,459$8,216,850
92$10,717,222$1,074,983$217,765$8,958,345
93$11,730,688$1,047,967$145,370$9,773,466
94$12,845,018$1,017,117$68,040$10,669,704
95$14,070,420$982,166$0$11,655,312
96$15,418,143$942,832$0$12,740,781
97$16,900,578$898,815$0$13,941,810
98$18,531,379$849,800$0$15,262,938
99$20,325,591$795,451$0$16,716,372
100$22,299,789$735,416$0$18,315,566