Can I retire at age 63 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$79,028$78,324$77,637$76,967$76,313$73,899
2 years$39,123$38,394$37,688$37,003$36,339$33,930
3 years$25,823$25,091$24,387$23,708$23,055$20,725
4 years$19,174$18,445$17,747$17,081$16,443$14,210
5 years$15,186$14,461$13,773$13,120$12,500$10,370
6 years$12,528$11,808$11,130$10,492$9,891$7,866
7 years$10,630$9,917$9,249$8,626$8,044$6,124
8 years$9,208$8,500$7,844$7,236$6,673$4,857
9 years$8,102$7,401$6,756$6,164$5,620$3,905
10 years$7,217$6,524$5,890$5,313$4,788$3,173
11 years$6,494$5,808$5,186$4,624$4,118$2,599
12 years$5,892$5,213$4,602$4,056$3,569$2,142
13 years$5,383$4,711$4,112$3,581$3,112$1,775
14 years$4,947$4,282$3,694$3,178$2,728$1,476
15 years$4,570$3,912$3,336$2,835$2,402$1,232
16 years$4,240$3,589$3,024$2,538$2,123$1,032
17 years$3,949$3,305$2,752$2,280$1,882$865
18 years$3,691$3,054$2,512$2,055$1,674$727
19 years$3,460$2,831$2,300$1,857$1,492$612
20 years$3,253$2,630$2,111$1,682$1,332$516
21 years$3,065$2,450$1,941$1,526$1,192$436
22 years$2,895$2,287$1,789$1,388$1,069$368
23 years$2,740$2,139$1,652$1,264$959$311
24 years$2,598$2,004$1,528$1,153$862$263
25 years$2,467$1,881$1,415$1,053$776$223
26 years$2,347$1,768$1,312$963$699$189
27 years$2,236$1,663$1,219$881$630$160
28 years$2,133$1,568$1,133$807$569$135
29 years$2,037$1,479$1,054$740$513$115
30 years$1,948$1,397$982$679$464$97
31 years$1,865$1,320$916$624$419$82
32 years$1,787$1,249$854$573$379$70
33 years$1,714$1,183$798$527$343$59
34 years$1,645$1,121$745$485$311$50
35 years$1,581$1,063$697$447$282$43
36 years$1,520$1,009$652$411$255$36
37 years$1,463$959$610$379$231$31
38 years$1,408$911$571$349$210$26
39 years$1,357$866$535$322$190$22
40 years$1,308$824$502$297$172$19
41 years$1,262$785$470$274$156$16
42 years$1,218$747$441$253$142$14
43 years$1,177$712$414$234$129$11
44 years$1,137$679$389$216$117$10
45 years$1,099$647$365$199$106$8
46 years$1,063$617$343$184$96$7
47 years$1,029$589$322$170$88$6
48 years$996$562$303$157$79$5
49 years$964$537$284$145$72$4
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $957,000, adding $5,161 every year, while hoping to spend $41,525 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: 45/45/10 Blend
62$957,000$957,000$957,000$957,000
63$1,059,938$1,009,217$994,383$1,104,414
64$1,123,869$1,014,486$983,513$1,141,011
65$1,192,930$1,018,622$970,886$1,176,005
66$1,267,599$1,021,525$956,401$1,213,009
67$1,348,403$1,023,089$939,950$1,252,224
68$1,435,923$1,023,202$921,421$1,293,872
69$1,530,793$1,021,746$900,695$1,338,201
70$1,633,716$1,018,593$877,650$1,385,486
71$1,745,460$1,013,609$852,156$1,436,032
72$1,866,872$1,006,652$824,079$1,490,178
73$1,998,886$997,570$793,278$1,548,300
74$2,142,524$986,203$759,605$1,610,816
75$2,298,916$972,381$722,906$1,678,188
76$2,469,303$955,925$683,021$1,750,932
77$2,655,049$936,643$639,779$1,829,617
78$2,857,659$914,333$593,007$1,914,874
79$3,078,787$888,782$542,519$2,007,405
80$3,320,253$859,762$488,124$2,107,986
81$3,584,063$827,035$429,620$2,217,477
82$3,872,424$790,346$366,799$2,336,832
83$4,187,765$749,427$299,440$2,467,106
84$4,532,762$703,994$227,317$2,609,468
85$4,910,361$653,747$150,189$2,765,214
86$5,323,806$598,369$67,809$2,935,776
87$5,776,669$537,523$0$3,122,741
88$6,272,884$470,856$0$3,330,010
89$6,816,782$397,993$0$3,565,240
90$7,413,137$318,537$0$3,823,368
91$8,067,202$232,071$0$4,106,803
92$8,784,767$138,153$0$4,418,206
93$9,572,207$36,316$0$4,760,519
94$10,436,544$0$0$5,136,992
95$11,385,515$0$0$5,587,825
96$12,427,641$0$0$6,102,780
97$13,572,309$0$0$6,668,528
98$14,829,861$0$0$7,290,196
99$16,211,687$0$0$7,973,430
100$17,730,340$0$0$8,724,452