Can I retire at age 63 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$81,753$81,025$80,315$79,621$78,944$77,130
2 years$40,472$39,718$38,988$38,279$37,592$35,774
3 years$26,713$25,956$25,228$24,526$23,850$22,085
4 years$19,835$19,081$18,359$17,670$17,010$15,312
5 years$15,710$14,959$14,248$13,572$12,931$11,304
6 years$12,960$12,215$11,514$10,854$10,232$8,679
7 years$10,997$10,259$9,568$8,923$8,321$6,842
8 years$9,525$8,793$8,115$7,486$6,903$5,497
9 years$8,381$7,656$6,989$6,376$5,813$4,479
10 years$7,466$6,749$6,093$5,496$4,953$3,689
11 years$6,718$6,008$5,364$4,783$4,260$3,064
12 years$6,095$5,392$4,761$4,196$3,692$2,563
13 years$5,569$4,873$4,253$3,704$3,219$2,155
14 years$5,118$4,430$3,822$3,288$2,822$1,820
15 years$4,727$4,046$3,451$2,932$2,485$1,543
16 years$4,386$3,713$3,128$2,626$2,196$1,312
17 years$4,085$3,419$2,847$2,359$1,947$1,119
18 years$3,818$3,159$2,599$2,126$1,731$956
19 years$3,579$2,928$2,379$1,921$1,543$818
20 years$3,365$2,721$2,183$1,740$1,378$701
21 years$3,171$2,534$2,008$1,579$1,233$602
22 years$2,995$2,366$1,851$1,436$1,106$517
23 years$2,834$2,213$1,709$1,308$992$445
24 years$2,687$2,073$1,581$1,193$892$383
25 years$2,552$1,946$1,464$1,089$803$330
26 years$2,428$1,829$1,358$996$723$284
27 years$2,313$1,721$1,261$912$652$245
28 years$2,206$1,622$1,172$835$588$211
29 years$2,107$1,530$1,091$766$531$182
30 years$2,015$1,445$1,016$703$480$157
31 years$1,929$1,366$947$646$434$136
32 years$1,848$1,292$884$593$392$117
33 years$1,773$1,224$825$546$355$101
34 years$1,702$1,160$771$502$322$88
35 years$1,635$1,100$721$462$291$76
36 years$1,572$1,044$674$426$264$65
37 years$1,513$992$631$392$239$57
38 years$1,457$942$591$361$217$49
39 years$1,404$896$554$333$197$42
40 years$1,353$853$519$307$178$37
41 years$1,306$812$487$284$162$32
42 years$1,260$773$456$262$147$27
43 years$1,217$737$428$242$133$24
44 years$1,176$702$402$223$121$20
45 years$1,137$669$378$206$110$18
46 years$1,100$639$355$190$100$15
47 years$1,064$609$333$176$91$13
48 years$1,030$582$313$162$82$11
49 years$998$556$294$150$75$10
50 years$967$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $990,000, adding $3,861 every year, while hoping to spend $32,731 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: 55/16/29 Blend
62$990,000$990,000$990,000$990,000
63$1,094,963$1,042,493$1,027,148$1,146,187
64$1,171,823$1,058,749$1,026,732$1,198,234
65$1,255,427$1,074,705$1,025,205$1,251,208
66$1,346,426$1,090,312$1,022,495$1,308,253
67$1,445,540$1,105,516$1,018,527$1,369,775
68$1,553,560$1,120,261$1,013,222$1,436,219
69$1,671,356$1,134,486$1,006,498$1,508,079
70$1,799,886$1,148,128$998,268$1,585,898
71$1,940,205$1,161,117$988,440$1,670,278
72$2,093,474$1,173,379$976,920$1,761,879
73$2,260,969$1,184,836$963,609$1,861,435
74$2,444,100$1,195,404$948,401$1,969,753
75$2,644,413$1,204,995$931,188$2,087,724
76$2,863,616$1,213,512$911,855$2,216,332
77$3,103,585$1,220,855$890,283$2,356,661
78$3,366,390$1,226,916$866,346$2,509,911
79$3,654,307$1,231,580$839,915$2,677,404
80$3,969,845$1,234,726$810,851$2,860,597
81$4,315,767$1,236,225$779,011$3,061,101
82$4,695,113$1,235,938$744,246$3,280,692
83$5,111,236$1,233,720$706,400$3,521,330
84$5,567,826$1,229,416$665,308$3,785,177
85$6,068,948$1,222,861$620,799$4,074,617
86$6,619,080$1,213,881$572,696$4,392,283
87$7,223,156$1,202,291$520,810$4,741,077
88$7,886,608$1,187,894$464,948$5,124,201
89$8,615,424$1,170,482$404,905$5,545,188
90$9,416,196$1,149,835$340,469$6,007,934
91$10,296,191$1,125,720$271,417$6,516,736
92$11,263,410$1,097,888$197,518$7,076,334
93$12,326,672$1,066,078$118,528$7,691,956
94$13,495,689$1,030,013$34,196$8,369,368
95$14,781,165$989,399$0$9,114,927
96$16,194,890$943,926$0$9,952,913
97$17,749,856$893,266$0$10,886,205
98$19,460,376$837,070$0$11,912,829
99$21,342,219$774,971$0$13,042,280
100$23,412,763$706,582$0$14,285,024