Can I retire at age 63 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$77,459$76,769$76,096$75,439$74,797$73,049
2 years$38,346$37,632$36,940$36,269$35,618$33,866
3 years$25,310$24,593$23,903$23,238$22,597$20,897
4 years$18,793$18,078$17,395$16,741$16,117$14,481
5 years$14,884$14,174$13,499$12,859$12,252$10,685
6 years$12,279$11,574$10,909$10,283$9,694$8,199
7 years$10,419$9,720$9,066$8,455$7,884$6,460
8 years$9,025$8,332$7,688$7,092$6,541$5,187
9 years$7,941$7,254$6,622$6,041$5,508$4,224
10 years$7,074$6,394$5,773$5,208$4,693$3,477
11 years$6,365$5,692$5,083$4,532$4,036$2,886
12 years$5,775$5,109$4,511$3,975$3,498$2,412
13 years$5,276$4,617$4,030$3,510$3,050$2,027
14 years$4,849$4,197$3,621$3,115$2,674$1,711
15 years$4,479$3,834$3,269$2,778$2,354$1,449
16 years$4,156$3,518$2,964$2,488$2,081$1,232
17 years$3,871$3,240$2,697$2,235$1,845$1,049
18 years$3,618$2,993$2,462$2,014$1,640$896
19 years$3,391$2,774$2,254$1,820$1,462$766
20 years$3,188$2,578$2,069$1,649$1,306$656
21 years$3,004$2,401$1,903$1,496$1,169$563
22 years$2,837$2,242$1,754$1,360$1,048$483
23 years$2,685$2,096$1,619$1,239$940$415
24 years$2,546$1,964$1,497$1,130$845$357
25 years$2,418$1,843$1,387$1,032$761$307
26 years$2,300$1,732$1,286$944$685$265
27 years$2,192$1,630$1,194$864$618$228
28 years$2,091$1,536$1,110$791$557$197
29 years$1,997$1,449$1,033$726$503$170
30 years$1,909$1,369$963$666$455$146
31 years$1,828$1,294$897$612$411$126
32 years$1,751$1,224$837$562$372$109
33 years$1,680$1,159$782$517$337$94
34 years$1,613$1,099$730$476$305$81
35 years$1,549$1,042$683$438$276$70
36 years$1,490$989$639$403$250$61
37 years$1,434$940$598$371$227$52
38 years$1,380$893$560$342$205$45
39 years$1,330$849$525$316$186$39
40 years$1,282$808$492$291$169$34
41 years$1,237$769$461$269$153$29
42 years$1,194$732$432$248$139$25
43 years$1,153$698$406$229$126$22
44 years$1,114$665$381$211$115$19
45 years$1,077$634$358$195$104$16
46 years$1,042$605$336$180$94$14
47 years$1,008$577$316$167$86$12
48 years$976$551$297$154$78$10
49 years$945$526$279$142$71$9
50 years$916$503$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 $938,000, adding $3,912 every year, while hoping to spend $31,727 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: 75/16/9 Blend
62$938,000$938,000$938,000$938,000
63$1,037,711$987,997$973,458$1,113,688
64$1,109,800$1,002,652$972,312$1,178,924
65$1,188,180$1,016,961$970,064$1,245,989
66$1,273,456$1,030,875$966,643$1,318,584
67$1,366,300$1,044,339$961,977$1,397,243
68$1,467,447$1,057,295$955,987$1,482,561
69$1,577,706$1,069,683$948,593$1,575,187
70$1,697,971$1,081,436$939,709$1,675,840
71$1,829,222$1,092,484$929,247$1,785,312
72$1,972,539$1,102,752$917,114$1,904,474
73$2,129,112$1,112,161$903,211$2,034,286
74$2,300,249$1,120,625$887,436$2,175,808
75$2,487,393$1,128,054$869,683$2,330,204
76$2,692,129$1,134,351$849,840$2,498,760
77$2,916,206$1,139,413$827,789$2,682,893
78$3,161,547$1,143,133$803,408$2,884,163
79$3,430,271$1,145,393$776,569$3,104,290
80$3,724,712$1,146,070$747,138$3,345,169
81$4,047,439$1,145,035$714,974$3,608,891
82$4,401,283$1,142,146$679,930$3,897,756
83$4,789,361$1,137,258$641,855$4,214,303
84$5,215,106$1,130,214$600,587$4,561,327
85$5,682,300$1,120,847$555,959$4,941,912
86$6,195,107$1,108,982$507,797$5,359,455
87$6,758,118$1,094,432$455,918$5,817,699
88$7,376,385$1,076,998$400,131$6,320,771
89$8,055,478$1,056,472$340,236$6,873,221
90$8,801,528$1,032,631$276,026$7,480,059
91$9,621,295$1,005,241$207,283$8,146,813
92$10,522,220$974,051$133,781$8,879,571
93$11,512,506$938,799$55,282$9,685,045
94$12,601,188$899,206$0$10,570,634
95$13,798,219$854,977$0$11,547,227
96$15,114,565$805,799$0$12,626,918
97$16,562,311$751,343$0$13,814,323
98$18,154,767$691,259$0$15,120,387
99$19,906,601$625,179$0$16,557,170
100$21,833,974$552,713$0$18,137,964