Can I retire at age 63 with 995,000?

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 $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%13.3%
1 years$82,166$81,434$80,720$80,023$79,343$78,254
2 years$40,676$39,919$39,185$38,473$37,782$36,687
3 years$26,848$26,087$25,355$24,650$23,971$22,903
4 years$19,935$19,177$18,452$17,759$17,096$16,065
5 years$15,789$15,035$14,319$13,640$12,996$12,004
6 years$13,025$12,277$11,572$10,908$10,283$9,332
7 years$11,052$10,310$9,617$8,968$8,363$7,452
8 years$9,573$8,838$8,156$7,523$6,938$6,067
9 years$8,423$7,695$7,024$6,408$5,843$5,012
10 years$7,504$6,783$6,124$5,524$4,978$4,187
11 years$6,752$6,038$5,392$4,808$4,282$3,529
12 years$6,126$5,420$4,785$4,217$3,710$2,995
13 years$5,597$4,898$4,275$3,723$3,235$2,557
14 years$5,144$4,452$3,841$3,305$2,836$2,194
15 years$4,751$4,067$3,468$2,947$2,497$1,890
16 years$4,408$3,731$3,144$2,639$2,207$1,633
17 years$4,106$3,436$2,861$2,371$1,957$1,415
18 years$3,837$3,175$2,612$2,137$1,740$1,229
19 years$3,597$2,943$2,391$1,931$1,551$1,070
20 years$3,382$2,735$2,194$1,749$1,385$933
21 years$3,187$2,547$2,018$1,587$1,240$815
22 years$3,010$2,378$1,860$1,443$1,111$713
23 years$2,849$2,224$1,718$1,314$997$624
24 years$2,701$2,084$1,588$1,199$897$547
25 years$2,565$1,955$1,471$1,095$807$480
26 years$2,440$1,838$1,365$1,001$727$421
27 years$2,325$1,730$1,267$916$655$370
28 years$2,218$1,630$1,178$839$591$325
29 years$2,118$1,537$1,096$770$534$286
30 years$2,025$1,452$1,021$706$482$252
31 years$1,939$1,373$952$649$436$222
32 years$1,858$1,299$888$596$394$195
33 years$1,782$1,230$829$548$357$172
34 years$1,711$1,166$775$504$323$151
35 years$1,644$1,106$724$464$293$133
36 years$1,580$1,049$678$428$265$117
37 years$1,521$997$634$394$240$104
38 years$1,464$947$594$363$218$91
39 years$1,411$901$556$335$198$80
40 years$1,360$857$522$309$179$71
41 years$1,312$816$489$285$163$63
42 years$1,267$777$459$263$148$55
43 years$1,223$740$430$243$134$49
44 years$1,182$706$404$224$122$43
45 years$1,143$673$379$207$110$38
46 years$1,105$642$356$191$100$33
47 years$1,070$613$335$177$91$29
48 years$1,035$585$315$163$83$26
49 years$1,003$558$296$151$75$23
50 years$971$533$278$139$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $995,000, adding $5,490 every year, while hoping to spend $35,930 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: 54/40/6 Blend
62$995,000$995,000$995,000$995,000
63$1,102,153$1,049,418$1,033,995$1,159,889
64$1,176,343$1,062,610$1,030,405$1,212,717
65$1,256,897$1,075,245$1,025,490$1,265,742
66$1,344,425$1,087,256$1,019,168$1,322,571
67$1,439,599$1,098,575$1,011,354$1,383,570
68$1,543,160$1,109,126$1,001,956$1,449,143
69$1,655,920$1,118,832$990,879$1,519,735
70$1,778,776$1,127,606$978,026$1,595,836
71$1,912,713$1,135,360$963,291$1,677,991
72$2,058,815$1,141,998$946,566$1,766,796
73$2,218,276$1,147,418$927,738$1,862,913
74$2,392,410$1,151,512$906,688$1,967,071
75$2,582,663$1,154,164$883,289$2,080,075
76$2,790,629$1,155,252$857,414$2,202,813
77$3,018,060$1,154,646$828,924$2,336,266
78$3,266,887$1,152,208$797,678$2,481,515
79$3,539,235$1,147,792$763,525$2,639,756
80$3,837,445$1,141,242$726,312$2,812,306
81$4,164,095$1,132,393$685,873$3,000,620
82$4,522,022$1,121,070$642,040$3,206,303
83$4,914,354$1,107,088$594,634$3,431,126
84$5,344,533$1,090,250$543,469$3,677,045
85$5,816,350$1,070,348$488,350$3,946,218
86$6,333,984$1,047,161$429,076$4,241,023
87$6,902,033$1,020,455$365,433$4,564,088
88$7,525,566$989,983$297,201$4,918,312
89$8,210,165$955,482$224,147$5,306,891
90$8,961,978$916,677$146,032$5,733,353
91$9,787,778$873,273$62,603$6,201,592
92$10,695,028$824,960$0$6,715,900
93$11,691,948$771,410$0$7,282,708
94$12,787,593$712,276$0$7,909,935
95$13,991,941$647,191$0$8,599,354
96$15,315,983$575,767$0$9,357,341
97$16,771,829$497,595$0$10,190,932
98$18,372,819$412,241$0$11,107,884
99$20,133,654$319,248$0$12,116,753
100$22,070,528$218,132$0$13,226,972