Can I retire at age 63 with 936,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$77,294$76,606$75,934$75,278$74,638$72,952
2 years$38,264$37,552$36,861$36,191$35,542$33,853
3 years$25,256$24,540$23,852$23,188$22,549$20,909
4 years$18,753$18,040$17,358$16,706$16,082$14,504
5 years$14,853$14,143$13,470$12,832$12,226$10,713
6 years$12,253$11,549$10,886$10,262$9,674$8,229
7 years$10,397$9,699$9,046$8,437$7,867$6,491
8 years$9,006$8,314$7,672$7,077$6,527$5,218
9 years$7,924$7,239$6,608$6,028$5,496$4,254
10 years$7,059$6,381$5,761$5,196$4,683$3,506
11 years$6,352$5,680$5,072$4,522$4,028$2,914
12 years$5,763$5,098$4,501$3,967$3,490$2,439
13 years$5,265$4,607$4,021$3,502$3,044$2,052
14 years$4,839$4,188$3,613$3,109$2,668$1,735
15 years$4,470$3,826$3,262$2,772$2,349$1,472
16 years$4,147$3,510$2,958$2,482$2,076$1,252
17 years$3,862$3,233$2,691$2,230$1,841$1,068
18 years$3,610$2,987$2,457$2,010$1,637$913
19 years$3,384$2,768$2,249$1,816$1,459$782
20 years$3,181$2,573$2,064$1,645$1,303$671
21 years$2,998$2,396$1,899$1,493$1,166$576
22 years$2,831$2,237$1,750$1,357$1,045$496
23 years$2,680$2,092$1,616$1,236$938$427
24 years$2,541$1,960$1,494$1,128$843$368
25 years$2,413$1,839$1,384$1,030$759$317
26 years$2,296$1,729$1,284$942$684$273
27 years$2,187$1,627$1,192$862$616$236
28 years$2,086$1,533$1,108$790$556$204
29 years$1,993$1,446$1,031$724$502$176
30 years$1,905$1,366$960$665$454$152
31 years$1,824$1,291$895$610$410$131
32 years$1,748$1,222$835$561$371$114
33 years$1,676$1,157$780$516$336$98
34 years$1,609$1,097$729$475$304$85
35 years$1,546$1,040$681$437$275$73
36 years$1,487$987$637$402$250$64
37 years$1,430$938$597$371$226$55
38 years$1,377$891$559$342$205$48
39 years$1,327$847$523$315$186$41
40 years$1,280$806$491$291$169$36
41 years$1,235$767$460$268$153$31
42 years$1,192$731$432$247$139$27
43 years$1,151$696$405$228$126$23
44 years$1,112$664$380$211$114$20
45 years$1,075$633$357$195$104$17
46 years$1,040$604$335$180$94$15
47 years$1,006$576$315$166$86$13
48 years$974$550$296$154$78$11
49 years$943$525$278$142$71$10
50 years$914$502$262$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $936,000, adding $4,596 every year, while hoping to spend $59,057 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: 82/10/8 Blend
62$936,000$936,000$936,000$936,000
63$1,036,213$986,605$972,097$1,119,799
64$1,079,070$972,112$941,826$1,160,668
65$1,124,320$954,930$908,561$1,197,185
66$1,172,143$934,865$872,141$1,235,470
67$1,222,739$911,710$832,395$1,275,667
68$1,276,323$885,248$789,144$1,317,934
69$1,333,131$855,249$742,204$1,362,445
70$1,393,423$821,468$691,380$1,409,392
71$1,457,480$783,648$636,470$1,458,987
72$1,525,612$741,516$577,260$1,511,463
73$1,598,156$694,782$513,531$1,567,077
74$1,675,484$643,142$445,050$1,626,113
75$1,758,000$586,273$371,575$1,688,883
76$1,846,148$523,832$292,855$1,755,733
77$1,940,416$455,461$208,627$1,827,043
78$2,041,337$380,777$118,614$1,903,232
79$2,149,496$299,378$22,530$1,984,765
80$2,265,535$210,838$0$2,072,152
81$2,390,160$114,709$0$2,172,786
82$2,524,143$10,516$0$2,282,957
83$2,668,332$0$0$2,401,454
84$2,823,661$0$0$2,540,315
85$2,991,154$0$0$2,691,313
86$3,171,934$0$0$2,854,307
87$3,367,237$0$0$3,030,414
88$3,578,422$0$0$3,220,860
89$3,806,982$0$0$3,426,994
90$4,054,556$0$0$3,650,298
91$4,322,950$0$0$3,892,402
92$4,614,148$0$0$4,155,099
93$4,930,330$0$0$4,440,360
94$5,273,898$0$0$4,750,352
95$5,647,490$0$0$5,087,462
96$6,054,013$0$0$5,454,313
97$6,496,661$0$0$5,853,793
98$6,978,950$0$0$6,289,078
99$7,504,752$0$0$6,763,666
100$8,078,324$0$0$7,281,404