Can I retire at age 63 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$78,615$77,915$77,232$76,565$75,914$74,534
2 years$38,918$38,194$37,491$36,810$36,149$34,764
3 years$25,688$24,960$24,259$23,585$22,935$21,587
4 years$19,074$18,348$17,655$16,991$16,357$15,057
5 years$15,107$14,385$13,701$13,051$12,434$11,187
6 years$12,463$11,747$11,072$10,437$9,839$8,644
7 years$10,575$9,865$9,201$8,581$8,002$6,861
8 years$9,159$8,456$7,803$7,198$6,638$5,551
9 years$8,059$7,362$6,721$6,131$5,590$4,555
10 years$7,180$6,490$5,859$5,285$4,763$3,780
11 years$6,460$5,777$5,159$4,600$4,097$3,164
12 years$5,862$5,185$4,578$4,035$3,550$2,667
13 years$5,355$4,686$4,090$3,562$3,096$2,260
14 years$4,921$4,260$3,675$3,162$2,714$1,925
15 years$4,546$3,891$3,318$2,820$2,389$1,645
16 years$4,218$3,570$3,008$2,525$2,112$1,411
17 years$3,928$3,288$2,737$2,269$1,872$1,213
18 years$3,671$3,038$2,499$2,044$1,665$1,046
19 years$3,442$2,816$2,288$1,847$1,484$903
20 years$3,236$2,617$2,100$1,673$1,325$781
21 years$3,049$2,437$1,931$1,518$1,186$677
22 years$2,880$2,275$1,780$1,381$1,063$587
23 years$2,725$2,128$1,643$1,257$954$509
24 years$2,584$1,994$1,520$1,147$858$443
25 years$2,454$1,871$1,408$1,047$772$385
26 years$2,335$1,758$1,306$958$695$335
27 years$2,224$1,655$1,212$877$627$292
28 years$2,122$1,559$1,127$803$566$254
29 years$2,027$1,471$1,049$736$511$221
30 years$1,938$1,389$977$676$461$193
31 years$1,855$1,313$911$621$417$168
32 years$1,778$1,243$850$570$377$147
33 years$1,705$1,177$793$525$342$128
34 years$1,637$1,115$741$483$309$112
35 years$1,572$1,058$693$444$280$98
36 years$1,512$1,004$648$409$254$85
37 years$1,455$954$607$377$230$74
38 years$1,401$906$568$348$209$65
39 years$1,350$862$532$320$189$57
40 years$1,302$820$499$296$172$50
41 years$1,256$781$468$273$156$43
42 years$1,212$743$439$252$141$38
43 years$1,171$708$412$232$128$33
44 years$1,131$675$387$214$116$29
45 years$1,094$644$363$198$106$25
46 years$1,058$614$341$183$96$22
47 years$1,023$586$320$169$87$19
48 years$991$559$301$156$79$17
49 years$959$534$283$144$72$15
50 years$929$510$266$133$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $952,000, adding $2,346 every year, while hoping to spend $28,286 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: 57/16/27 Blend
62$952,000$952,000$952,000$952,000
63$1,051,524$1,001,068$986,312$1,103,567
64$1,128,683$1,020,024$989,257$1,158,477
65$1,212,765$1,038,961$991,353$1,215,127
66$1,304,445$1,057,848$992,542$1,276,289
67$1,404,468$1,076,652$992,761$1,342,411
68$1,513,652$1,095,337$991,947$1,413,981
69$1,632,900$1,113,864$990,033$1,491,541
70$1,763,205$1,132,192$986,948$1,575,689
71$1,905,658$1,150,276$982,617$1,667,082
72$2,061,464$1,168,068$976,964$1,766,447
73$2,231,947$1,185,517$969,906$1,874,585
74$2,418,566$1,202,568$961,358$1,992,378
75$2,622,927$1,219,162$951,231$2,120,802
76$2,846,800$1,235,235$939,432$2,260,931
77$3,092,133$1,250,720$925,862$2,413,949
78$3,361,070$1,265,546$910,418$2,581,165
79$3,655,976$1,279,634$892,993$2,764,019
80$3,979,452$1,292,903$873,476$2,964,102
81$4,334,366$1,305,265$851,747$3,183,166
82$4,723,875$1,316,626$827,684$3,423,145
83$5,151,457$1,326,888$801,158$3,686,171
84$5,620,944$1,335,943$772,035$3,974,595
85$6,136,555$1,343,679$740,173$4,291,011
86$6,702,940$1,349,976$705,425$4,638,278
87$7,325,221$1,354,706$667,638$5,019,547
88$8,009,040$1,357,733$626,650$5,438,297
89$8,760,613$1,358,913$582,294$5,898,360
90$9,586,788$1,358,092$534,393$6,403,964
91$10,495,109$1,355,107$482,764$6,959,768
92$11,493,889$1,349,786$427,215$7,570,913
93$12,592,285$1,341,945$367,546$8,243,062
94$13,800,387$1,331,389$303,548$8,982,464
95$15,129,312$1,317,913$235,002$9,796,006
96$16,591,307$1,301,296$161,681$10,691,281
97$18,199,869$1,281,308$83,345$11,676,661
98$19,969,865$1,257,702$0$12,761,375
99$21,917,680$1,230,218$0$13,955,671
100$24,061,365$1,198,580$0$15,296,322