Can I retire at age 63 with 935,000?

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 $935,000?

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$77,211$76,524$75,853$75,198$74,558$72,697
2 years$38,223$37,512$36,822$36,153$35,504$33,640
3 years$25,229$24,514$23,826$23,163$22,525$20,718
4 years$18,733$18,021$17,339$16,688$16,065$14,328
5 years$14,837$14,128$13,456$12,818$12,212$10,550
6 years$12,240$11,537$10,874$10,251$9,663$8,077
7 years$10,386$9,689$9,037$8,428$7,859$6,350
8 years$8,996$8,305$7,664$7,070$6,520$5,086
9 years$7,915$7,231$6,601$6,022$5,491$4,132
10 years$7,051$6,374$5,755$5,191$4,678$3,393
11 years$6,345$5,674$5,066$4,518$4,023$2,809
12 years$5,757$5,093$4,496$3,963$3,487$2,342
13 years$5,260$4,602$4,017$3,498$3,040$1,963
14 years$4,834$4,183$3,609$3,105$2,665$1,652
15 years$4,465$3,822$3,259$2,769$2,347$1,396
16 years$4,142$3,506$2,955$2,480$2,074$1,183
17 years$3,858$3,229$2,689$2,228$1,839$1,005
18 years$3,606$2,984$2,454$2,008$1,635$855
19 years$3,380$2,765$2,247$1,814$1,457$729
20 years$3,178$2,570$2,062$1,643$1,302$623
21 years$2,995$2,394$1,897$1,491$1,165$532
22 years$2,828$2,234$1,748$1,356$1,044$456
23 years$2,677$2,090$1,614$1,235$937$390
24 years$2,538$1,958$1,493$1,126$842$335
25 years$2,411$1,837$1,383$1,029$758$287
26 years$2,293$1,727$1,282$941$683$246
27 years$2,185$1,625$1,191$861$616$212
28 years$2,084$1,531$1,107$789$556$182
29 years$1,990$1,445$1,030$723$502$156
30 years$1,903$1,364$959$664$453$134
31 years$1,822$1,290$894$610$410$116
32 years$1,746$1,220$835$560$371$99
33 years$1,674$1,156$779$515$335$86
34 years$1,607$1,095$728$474$304$74
35 years$1,544$1,039$681$436$275$63
36 years$1,485$986$637$402$249$55
37 years$1,429$937$596$370$226$47
38 years$1,376$890$558$341$205$40
39 years$1,326$846$523$315$186$35
40 years$1,278$805$490$290$168$30
41 years$1,233$767$460$268$153$26
42 years$1,190$730$431$247$139$22
43 years$1,150$696$405$228$126$19
44 years$1,111$663$380$211$114$16
45 years$1,074$632$357$195$104$14
46 years$1,039$603$335$180$94$12
47 years$1,005$576$315$166$86$11
48 years$973$549$296$153$78$9
49 years$942$525$278$142$71$8
50 years$913$501$261$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $935,000, adding $2,169 every year, while hoping to spend $52,155 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: 77/10/13 Blend
62$935,000$935,000$935,000$935,000
63$1,032,607$983,052$968,560$1,109,265
64$1,082,441$975,729$945,514$1,152,755
65$1,135,609$966,300$919,948$1,193,600
66$1,192,398$954,605$891,723$1,236,926
67$1,253,119$940,477$860,692$1,282,963
68$1,318,115$923,738$826,703$1,331,961
69$1,387,762$904,201$789,597$1,384,198
70$1,462,472$881,664$749,207$1,439,980
71$1,542,696$855,918$705,357$1,499,647
72$1,628,932$826,739$657,867$1,563,570
73$1,721,723$793,889$606,546$1,632,163
74$1,821,668$757,119$551,195$1,705,879
75$1,929,424$716,164$491,606$1,785,222
76$2,045,713$670,743$427,562$1,870,744
77$2,171,326$620,561$358,836$1,963,057
78$2,307,136$565,303$285,192$2,062,836
79$2,454,101$504,640$206,383$2,170,826
80$2,613,272$438,220$122,150$2,287,849
81$2,785,808$365,675$32,223$2,414,812
82$2,972,981$286,613$0$2,552,718
83$3,176,190$200,623$0$2,711,512
84$3,396,976$107,267$0$2,888,918
85$3,637,032$6,088$0$3,081,850
86$3,898,220$0$0$3,291,837
87$4,182,592$0$0$3,531,944
88$4,492,402$0$0$3,794,290
89$4,830,133$0$0$4,080,311
90$5,198,517$0$0$4,392,325
91$5,600,561$0$0$4,732,882
92$6,039,575$0$0$5,104,791
93$6,519,203$0$0$5,511,144
94$7,043,456$0$0$5,955,343
95$7,616,751$0$0$6,441,135
96$8,243,950$0$0$6,972,646
97$8,930,407$0$0$7,554,418
98$9,682,019$0$0$8,191,454
99$10,505,277$0$0$8,889,262
100$11,407,332$0$0$9,653,907