Can I retire at age 63 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$79,689$78,979$78,286$77,610$76,950$75,613
2 years$39,450$38,715$38,003$37,313$36,643$35,300
3 years$26,039$25,301$24,591$23,907$23,248$21,941
4 years$19,334$18,599$17,896$17,223$16,581$15,320
5 years$15,313$14,582$13,888$13,229$12,604$11,394
6 years$12,633$11,907$11,223$10,580$9,973$8,814
7 years$10,719$9,999$9,327$8,698$8,111$7,003
8 years$9,285$8,571$7,910$7,297$6,729$5,672
9 years$8,169$7,463$6,813$6,215$5,667$4,661
10 years$7,278$6,578$5,939$5,357$4,828$3,872
11 years$6,549$5,856$5,229$4,663$4,152$3,245
12 years$5,942$5,256$4,641$4,090$3,598$2,739
13 years$5,428$4,750$4,146$3,611$3,138$2,325
14 years$4,989$4,318$3,725$3,205$2,751$1,982
15 years$4,608$3,944$3,363$2,858$2,422$1,697
16 years$4,275$3,619$3,049$2,559$2,141$1,457
17 years$3,982$3,333$2,775$2,300$1,898$1,255
18 years$3,722$3,080$2,533$2,072$1,688$1,083
19 years$3,489$2,854$2,319$1,873$1,504$937
20 years$3,280$2,652$2,128$1,696$1,344$811
21 years$3,091$2,470$1,958$1,539$1,202$704
22 years$2,919$2,306$1,804$1,399$1,078$611
23 years$2,763$2,157$1,666$1,275$967$532
24 years$2,619$2,021$1,541$1,162$870$463
25 years$2,488$1,896$1,427$1,062$782$403
26 years$2,367$1,782$1,323$971$705$351
27 years$2,255$1,677$1,229$888$635$306
28 years$2,151$1,581$1,142$814$573$267
29 years$2,054$1,491$1,063$746$518$233
30 years$1,964$1,408$990$685$468$204
31 years$1,880$1,331$923$629$423$178
32 years$1,802$1,260$861$578$383$156
33 years$1,728$1,193$804$532$346$136
34 years$1,659$1,131$751$489$313$119
35 years$1,594$1,072$703$450$284$104
36 years$1,533$1,018$657$415$257$91
37 years$1,475$967$615$382$233$80
38 years$1,420$919$576$352$211$70
39 years$1,368$874$540$325$192$61
40 years$1,319$831$506$300$174$53
41 years$1,273$791$474$276$158$47
42 years$1,229$753$445$255$143$41
43 years$1,187$718$418$235$130$36
44 years$1,147$684$392$217$118$31
45 years$1,108$653$368$201$107$27
46 years$1,072$623$346$185$97$24
47 years$1,037$594$325$171$88$21
48 years$1,004$567$305$158$80$18
49 years$973$542$287$146$73$16
50 years$942$517$270$135$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $965,000, adding $6,115 every year, while hoping to spend $29,553 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: 52/34/14 Blend
62$965,000$965,000$965,000$965,000
63$1,069,738$1,018,593$1,003,635$1,121,040
64$1,147,407$1,037,059$1,005,813$1,175,258
65$1,232,008$1,055,441$1,007,073$1,230,549
66$1,324,216$1,073,701$1,007,353$1,290,018
67$1,424,776$1,091,802$1,006,590$1,354,066
68$1,534,506$1,109,703$1,004,713$1,423,140
69$1,654,307$1,127,360$1,001,652$1,497,729
70$1,785,171$1,144,725$997,332$1,578,373
71$1,928,190$1,161,749$991,675$1,665,671
72$2,084,566$1,178,375$984,597$1,760,278
73$2,255,623$1,194,547$976,012$1,862,921
74$2,442,819$1,210,202$965,831$1,974,400
75$2,647,758$1,225,274$953,958$2,095,596
76$2,872,208$1,239,691$940,294$2,227,483
77$3,118,115$1,253,377$924,735$2,371,134
78$3,387,621$1,266,251$907,173$2,527,733
79$3,683,088$1,278,227$887,493$2,698,586
80$4,007,116$1,289,213$865,576$2,885,131
81$4,362,568$1,299,110$841,299$3,088,957
82$4,752,597$1,307,815$814,530$3,311,816
83$5,180,679$1,315,214$785,134$3,555,638
84$5,650,639$1,321,191$752,967$3,822,554
85$6,166,694$1,325,618$717,881$4,114,914
86$6,733,486$1,328,363$679,719$4,435,307
87$7,356,132$1,329,283$638,320$4,786,592
88$8,040,266$1,328,227$593,512$5,171,918
89$8,792,096$1,325,033$545,118$5,594,761
90$9,618,463$1,319,533$492,952$6,058,953
91$10,526,901$1,311,544$436,821$6,568,718
92$11,525,711$1,300,876$376,520$7,128,717
93$12,624,039$1,287,324$311,839$7,744,086
94$13,831,962$1,270,674$242,557$8,420,493
95$15,160,581$1,250,697$168,442$9,164,183
96$16,622,129$1,227,150$89,254$9,982,045
97$18,230,083$1,199,777$4,740$10,881,674
98$19,999,292$1,168,306$0$11,871,446
99$21,946,117$1,132,450$0$12,973,357
100$24,088,585$1,091,904$0$14,186,410