Can I retire at age 63 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$79,524$78,815$78,124$77,450$76,791$73,715
2 years$39,368$38,635$37,924$37,235$36,567$33,507
3 years$25,985$25,248$24,540$23,857$23,200$20,251
4 years$19,294$18,560$17,859$17,188$16,546$13,732
5 years$15,281$14,551$13,859$13,202$12,578$9,906
6 years$12,607$11,882$11,200$10,558$9,953$7,424
7 years$10,697$9,979$9,307$8,680$8,094$5,707
8 years$9,265$8,554$7,893$7,281$6,715$4,468
9 years$8,152$7,447$6,799$6,202$5,655$3,544
10 years$7,263$6,565$5,927$5,346$4,818$2,840
11 years$6,535$5,844$5,218$4,653$4,144$2,293
12 years$5,929$5,245$4,631$4,081$3,591$1,862
13 years$5,417$4,740$4,137$3,603$3,131$1,520
14 years$4,978$4,309$3,718$3,198$2,745$1,245
15 years$4,598$3,936$3,356$2,852$2,417$1,023
16 years$4,266$3,611$3,043$2,554$2,136$843
17 years$3,974$3,326$2,769$2,295$1,894$696
18 years$3,714$3,073$2,528$2,068$1,684$575
19 years$3,482$2,848$2,314$1,869$1,501$476
20 years$3,273$2,647$2,124$1,692$1,341$395
21 years$3,084$2,465$1,953$1,536$1,200$328
22 years$2,913$2,301$1,800$1,397$1,075$272
23 years$2,757$2,152$1,662$1,272$965$226
24 years$2,614$2,017$1,537$1,160$868$188
25 years$2,483$1,893$1,424$1,059$781$156
26 years$2,362$1,779$1,321$969$703$130
27 years$2,250$1,674$1,226$887$634$108
28 years$2,146$1,577$1,140$812$572$90
29 years$2,050$1,488$1,061$745$517$75
30 years$1,960$1,405$988$684$467$62
31 years$1,876$1,328$921$628$422$52
32 years$1,798$1,257$860$577$382$43
33 years$1,725$1,190$803$531$346$36
34 years$1,656$1,128$750$488$313$30
35 years$1,591$1,070$701$449$283$25
36 years$1,529$1,016$656$414$257$21
37 years$1,472$965$614$381$233$17
38 years$1,417$917$575$352$211$14
39 years$1,366$872$539$324$191$12
40 years$1,317$829$505$299$174$10
41 years$1,270$790$473$276$157$8
42 years$1,226$752$444$255$143$7
43 years$1,184$716$417$235$130$6
44 years$1,144$683$391$217$118$5
45 years$1,106$651$367$200$107$4
46 years$1,070$621$345$185$97$3
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$2
49 years$971$540$286$146$73$2
50 years$940$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $963,000, adding $3,833 every year, while hoping to spend $45,906 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: 25/49/26 Blend
62$963,000$963,000$963,000$963,000
63$1,065,180$1,014,141$999,214$1,083,004
64$1,124,984$1,014,990$983,844$1,098,861
65$1,189,351$1,014,342$966,421$1,111,668
66$1,258,695$1,012,076$946,827$1,124,435
67$1,333,476$1,008,061$924,939$1,137,188
68$1,414,195$1,002,161$900,630$1,149,959
69$1,501,407$994,231$873,764$1,162,792
70$1,595,717$984,115$844,202$1,175,736
71$1,697,793$971,650$811,796$1,188,851
72$1,808,370$956,662$776,393$1,202,209
73$1,928,254$938,969$737,832$1,215,895
74$2,058,332$918,374$695,946$1,230,009
75$2,199,580$894,673$650,558$1,244,666
76$2,353,071$867,645$601,485$1,260,000
77$2,519,986$837,062$548,537$1,276,167
78$2,701,623$802,677$491,512$1,293,345
79$2,899,412$764,232$430,201$1,311,738
80$3,114,926$721,453$364,387$1,331,581
81$3,349,896$674,051$293,841$1,353,141
82$3,606,225$621,719$218,324$1,376,721
83$3,886,011$564,135$137,589$1,402,665
84$4,191,562$500,955$51,376$1,431,364
85$4,525,418$431,819$0$1,463,260
86$4,890,377$356,344$0$1,510,122
87$5,289,517$274,126$0$1,577,184
88$5,726,230$184,740$0$1,650,893
89$6,204,248$87,736$0$1,732,044
90$6,727,684$0$0$1,821,525
91$7,301,064$0$0$1,929,688
92$7,929,374$0$0$2,100,212
93$8,618,106$0$0$2,287,301
94$9,373,306$0$0$2,492,619
95$10,201,635$0$0$2,717,997
96$11,110,429$0$0$2,965,454
97$12,107,770$0$0$3,237,215
98$13,202,558$0$0$3,535,727
99$14,404,598$0$0$3,863,689
100$15,724,691$0$0$4,224,074