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%11.2%
1 years$77,129$76,442$75,772$75,117$74,478$74,102
2 years$38,183$37,471$36,782$36,114$35,466$35,086
3 years$25,202$24,488$23,801$23,139$22,501$22,130
4 years$18,713$18,001$17,321$16,670$16,048$15,688
5 years$14,821$14,113$13,442$12,804$12,199$11,851
6 years$12,227$11,525$10,863$10,240$9,653$9,318
7 years$10,375$9,678$9,027$8,419$7,850$7,528
8 years$8,986$8,296$7,656$7,062$6,513$6,203
9 years$7,907$7,223$6,594$6,015$5,485$5,188
10 years$7,044$6,367$5,749$5,185$4,673$4,389
11 years$6,338$5,668$5,061$4,513$4,019$3,747
12 years$5,751$5,087$4,492$3,958$3,483$3,223
13 years$5,254$4,597$4,013$3,495$3,037$2,790
14 years$4,828$4,179$3,606$3,102$2,662$2,426
15 years$4,460$3,818$3,255$2,767$2,344$2,120
16 years$4,138$3,503$2,951$2,477$2,072$1,858
17 years$3,854$3,226$2,686$2,226$1,837$1,634
18 years$3,602$2,981$2,452$2,006$1,633$1,441
19 years$3,377$2,763$2,244$1,812$1,456$1,274
20 years$3,174$2,567$2,060$1,641$1,300$1,128
21 years$2,991$2,391$1,895$1,490$1,164$1,001
22 years$2,825$2,232$1,746$1,355$1,043$889
23 years$2,674$2,088$1,612$1,234$936$791
24 years$2,535$1,956$1,491$1,125$842$705
25 years$2,408$1,836$1,381$1,028$757$628
26 years$2,291$1,725$1,281$940$682$561
27 years$2,182$1,624$1,189$860$615$501
28 years$2,082$1,530$1,106$788$555$448
29 years$1,988$1,443$1,029$723$501$400
30 years$1,901$1,363$958$663$453$358
31 years$1,820$1,288$894$609$409$321
32 years$1,744$1,219$834$560$370$287
33 years$1,673$1,155$778$515$335$258
34 years$1,606$1,094$727$474$303$231
35 years$1,543$1,038$680$436$275$207
36 years$1,483$985$636$401$249$186
37 years$1,427$936$595$370$226$167
38 years$1,374$889$558$341$205$150
39 years$1,324$846$522$314$186$134
40 years$1,277$804$490$290$168$121
41 years$1,232$766$459$268$153$108
42 years$1,189$729$431$247$139$97
43 years$1,148$695$404$228$126$87
44 years$1,110$662$379$210$114$78
45 years$1,073$632$356$194$104$70
46 years$1,038$603$335$180$94$63
47 years$1,004$575$314$166$85$57
48 years$972$549$295$153$78$51
49 years$941$524$278$142$70$46
50 years$912$501$261$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $934,000, adding $6,472 every year, while hoping to spend $57,559 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: 43/32/25 Blend
62$934,000$934,000$934,000$934,000
63$1,035,944$986,442$971,965$1,072,699
64$1,080,368$973,535$943,283$1,086,619
65$1,127,394$958,067$911,712$1,095,685
66$1,177,227$939,851$877,093$1,104,374
67$1,230,090$918,690$839,262$1,112,685
68$1,286,228$894,374$798,046$1,120,619
69$1,345,908$866,683$753,265$1,128,182
70$1,409,423$835,383$704,732$1,135,385
71$1,477,092$800,225$652,249$1,142,247
72$1,549,267$760,948$595,610$1,148,792
73$1,626,332$717,274$534,603$1,155,054
74$1,708,707$668,909$469,001$1,161,077
75$1,796,853$615,544$398,571$1,166,913
76$1,891,277$556,850$323,068$1,172,631
77$1,992,533$492,482$242,236$1,178,310
78$2,101,230$422,072$155,810$1,184,048
79$2,218,036$345,235$63,510$1,189,960
80$2,343,685$261,560$0$1,196,180
81$2,478,981$170,617$0$1,212,201
82$2,624,809$71,949$0$1,247,559
83$2,782,140$0$0$1,285,595
84$2,952,042$0$0$1,338,939
85$3,135,686$0$0$1,424,073
86$3,334,361$0$0$1,516,271
87$3,549,485$0$0$1,616,201
88$3,782,614$0$0$1,724,601
89$4,035,462$0$0$1,842,279
90$4,309,912$0$0$1,970,125
91$4,608,034$0$0$2,109,120
92$4,932,109$0$0$2,260,341
93$5,284,641$0$0$2,424,974
94$5,668,390$0$0$2,604,322
95$6,086,389$0$0$2,799,821
96$6,541,979$0$0$3,013,053
97$7,038,835$0$0$3,245,754
98$7,581,001$0$0$3,499,841
99$8,172,931$0$0$3,777,419
100$8,819,526$0$0$4,080,809