Can I retire at age 63 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$82,166$81,434$80,720$80,023$79,343$76,895
2 years$40,676$39,919$39,185$38,473$37,782$35,338
3 years$26,848$26,087$25,355$24,650$23,971$21,606
4 years$19,935$19,177$18,452$17,759$17,096$14,829
5 years$15,789$15,035$14,319$13,640$12,996$10,833
6 years$13,025$12,277$11,572$10,908$10,283$8,227
7 years$11,052$10,310$9,617$8,968$8,363$6,412
8 years$9,573$8,838$8,156$7,523$6,938$5,091
9 years$8,423$7,695$7,024$6,408$5,843$4,099
10 years$7,504$6,783$6,124$5,524$4,978$3,334
11 years$6,752$6,038$5,392$4,808$4,282$2,734
12 years$6,126$5,420$4,785$4,217$3,710$2,257
13 years$5,597$4,898$4,275$3,723$3,235$1,872
14 years$5,144$4,452$3,841$3,305$2,836$1,560
15 years$4,751$4,067$3,468$2,947$2,497$1,304
16 years$4,408$3,731$3,144$2,639$2,207$1,093
17 years$4,106$3,436$2,861$2,371$1,957$918
18 years$3,837$3,175$2,612$2,137$1,740$773
19 years$3,597$2,943$2,391$1,931$1,551$652
20 years$3,382$2,735$2,194$1,749$1,385$550
21 years$3,187$2,547$2,018$1,587$1,240$465
22 years$3,010$2,378$1,860$1,443$1,111$393
23 years$2,849$2,224$1,718$1,314$997$333
24 years$2,701$2,084$1,588$1,199$897$282
25 years$2,565$1,955$1,471$1,095$807$239
26 years$2,440$1,838$1,365$1,001$727$203
27 years$2,325$1,730$1,267$916$655$172
28 years$2,218$1,630$1,178$839$591$146
29 years$2,118$1,537$1,096$770$534$124
30 years$2,025$1,452$1,021$706$482$105
31 years$1,939$1,373$952$649$436$89
32 years$1,858$1,299$888$596$394$76
33 years$1,782$1,230$829$548$357$65
34 years$1,711$1,166$775$504$323$55
35 years$1,644$1,106$724$464$293$47
36 years$1,580$1,049$678$428$265$40
37 years$1,521$997$634$394$240$34
38 years$1,464$947$594$363$218$29
39 years$1,411$901$556$335$198$24
40 years$1,360$857$522$309$179$21
41 years$1,312$816$489$285$163$18
42 years$1,267$777$459$263$148$15
43 years$1,223$740$430$243$134$13
44 years$1,182$706$404$224$122$11
45 years$1,143$673$379$207$110$9
46 years$1,105$642$356$191$100$8
47 years$1,070$613$335$177$91$7
48 years$1,035$585$315$163$83$6
49 years$1,003$558$296$151$75$5
50 years$971$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $995,000, adding $5,179 every year, while hoping to spend $42,476 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: 46/34/20 Blend
62$995,000$995,000$995,000$995,000
63$1,101,832$1,049,097$1,033,675$1,145,997
64$1,169,025$1,055,309$1,023,109$1,183,641
65$1,241,648$1,060,401$1,010,765$1,219,820
66$1,320,210$1,064,275$996,539$1,258,189
67$1,405,270$1,066,823$980,323$1,298,971
68$1,497,444$1,067,934$962,000$1,342,415
69$1,597,408$1,067,488$941,452$1,388,796
70$1,705,907$1,065,357$918,553$1,438,419
71$1,823,757$1,061,408$893,173$1,491,626
72$1,951,859$1,055,496$865,173$1,548,791
73$2,091,203$1,047,469$834,411$1,610,335
74$2,242,879$1,037,168$800,736$1,676,720
75$2,408,084$1,024,420$763,992$1,748,460
76$2,588,137$1,009,046$724,014$1,826,127
77$2,784,490$990,853$680,632$1,910,351
78$2,998,741$969,637$633,666$2,001,835
79$3,232,648$945,184$582,929$2,101,352
80$3,488,146$917,267$528,226$2,209,765
81$3,767,367$885,643$469,351$2,328,023
82$4,072,656$850,057$406,092$2,457,182
83$4,406,597$810,240$338,226$2,598,410
84$4,772,034$765,906$265,521$2,752,996
85$5,172,098$716,751$187,732$2,922,373
86$5,610,238$662,458$104,607$3,108,121
87$6,090,252$602,688$15,881$3,311,990
88$6,616,322$537,084$0$3,535,917
89$7,193,054$465,269$0$3,798,859
90$7,825,522$386,844$0$4,091,076
91$8,519,313$301,387$0$4,411,859
92$9,280,582$208,453$0$4,764,167
93$10,116,107$107,574$0$5,151,269
94$11,033,357$0$0$5,576,773
95$12,040,556$0$0$6,045,315
96$13,146,767$0$0$6,604,239
97$14,361,970$0$0$7,218,356
98$15,697,162$0$0$7,893,239
99$17,164,457$0$0$8,635,025
100$18,777,202$0$0$9,450,479