Can I retire at age 63 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$77,294$76,606$75,934$75,278$74,638$74,168
2 years$38,264$37,552$36,861$36,191$35,542$35,067
3 years$25,256$24,540$23,852$23,188$22,549$22,085
4 years$18,753$18,040$17,358$16,706$16,082$15,633
5 years$14,853$14,143$13,470$12,832$12,226$11,791
6 years$12,253$11,549$10,886$10,262$9,674$9,255
7 years$10,397$9,699$9,046$8,437$7,867$7,465
8 years$9,006$8,314$7,672$7,077$6,527$6,141
9 years$7,924$7,239$6,608$6,028$5,496$5,127
10 years$7,059$6,381$5,761$5,196$4,683$4,330
11 years$6,352$5,680$5,072$4,522$4,028$3,690
12 years$5,763$5,098$4,501$3,967$3,490$3,168
13 years$5,265$4,607$4,021$3,502$3,044$2,736
14 years$4,839$4,188$3,613$3,109$2,668$2,376
15 years$4,470$3,826$3,262$2,772$2,349$2,071
16 years$4,147$3,510$2,958$2,482$2,076$1,812
17 years$3,862$3,233$2,691$2,230$1,841$1,590
18 years$3,610$2,987$2,457$2,010$1,637$1,399
19 years$3,384$2,768$2,249$1,816$1,459$1,234
20 years$3,181$2,573$2,064$1,645$1,303$1,091
21 years$2,998$2,396$1,899$1,493$1,166$965
22 years$2,831$2,237$1,750$1,357$1,045$856
23 years$2,680$2,092$1,616$1,236$938$760
24 years$2,541$1,960$1,494$1,128$843$675
25 years$2,413$1,839$1,384$1,030$759$601
26 years$2,296$1,729$1,284$942$684$535
27 years$2,187$1,627$1,192$862$616$477
28 years$2,086$1,533$1,108$790$556$425
29 years$1,993$1,446$1,031$724$502$379
30 years$1,905$1,366$960$665$454$339
31 years$1,824$1,291$895$610$410$302
32 years$1,748$1,222$835$561$371$270
33 years$1,676$1,157$780$516$336$242
34 years$1,609$1,097$729$475$304$216
35 years$1,546$1,040$681$437$275$193
36 years$1,487$987$637$402$250$173
37 years$1,430$938$597$371$226$155
38 years$1,377$891$559$342$205$139
39 years$1,327$847$523$315$186$124
40 years$1,280$806$491$291$169$111
41 years$1,235$767$460$268$153$99
42 years$1,192$731$432$247$139$89
43 years$1,151$696$405$228$126$80
44 years$1,112$664$380$211$114$72
45 years$1,075$633$357$195$104$64
46 years$1,040$604$335$180$94$57
47 years$1,006$576$315$166$86$51
48 years$974$550$296$154$78$46
49 years$943$525$278$142$71$41
50 years$914$502$262$131$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $936,000, adding $5,432 every year, while hoping to spend $40,119 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: 38/36/26 Blend
62$936,000$936,000$936,000$936,000
63$1,037,075$987,467$972,959$1,068,272
64$1,100,170$993,167$962,867$1,097,278
65$1,168,357$997,801$951,092$1,124,505
66$1,242,111$1,001,275$937,536$1,153,151
67$1,321,958$1,003,489$922,095$1,183,367
68$1,408,474$1,004,336$904,661$1,215,328
69$1,502,292$1,003,702$885,120$1,249,224
70$1,604,109$1,001,467$863,355$1,285,270
71$1,714,691$997,502$839,241$1,323,707
72$1,834,883$991,673$812,649$1,364,800
73$1,965,611$983,835$783,442$1,408,847
74$2,107,895$973,835$751,480$1,456,181
75$2,262,859$961,511$716,613$1,507,170
76$2,431,738$946,693$678,687$1,562,226
77$2,615,892$929,197$637,540$1,621,806
78$2,816,817$908,832$593,001$1,686,418
79$3,036,161$885,393$544,895$1,756,627
80$3,275,737$858,665$493,037$1,833,063
81$3,537,541$828,418$437,232$1,916,422
82$3,823,771$794,412$377,280$2,007,480
83$4,136,846$756,388$312,970$2,107,097
84$4,479,432$714,078$244,081$2,216,226
85$4,854,460$667,195$170,385$2,335,928
86$5,265,163$615,435$91,640$2,467,376
87$5,715,097$558,479$7,598$2,611,871
88$6,208,180$495,988$0$2,770,858
89$6,748,728$427,604$0$2,968,706
90$7,341,491$352,950$0$3,188,145
91$7,991,705$271,626$0$3,429,104
92$8,705,134$183,211$0$3,693,838
93$9,488,128$87,259$0$3,984,837
94$10,347,683$0$0$4,304,853
95$11,291,503$0$0$4,663,538
96$12,328,075$0$0$5,095,569
97$13,466,751$0$0$5,570,292
98$14,717,829$0$0$6,092,019
99$16,092,658$0$0$6,665,499
100$17,603,738$0$0$7,295,965