Can I retire at age 63 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$82,496$81,762$81,045$80,345$79,662$77,989
2 years$40,840$40,079$39,342$38,627$37,934$36,257
3 years$26,956$26,192$25,457$24,749$24,067$22,438
4 years$20,016$19,254$18,526$17,830$17,165$15,596
5 years$15,852$15,095$14,377$13,695$13,048$11,544
6 years$13,078$12,327$11,619$10,952$10,325$8,887
7 years$11,097$10,352$9,655$9,004$8,397$7,025
8 years$9,612$8,873$8,188$7,554$6,966$5,661
9 years$8,457$7,726$7,053$6,434$5,866$4,626
10 years$7,534$6,810$6,149$5,546$4,998$3,822
11 years$6,779$6,063$5,413$4,827$4,299$3,185
12 years$6,151$5,441$4,804$4,234$3,725$2,673
13 years$5,620$4,917$4,292$3,738$3,248$2,255
14 years$5,164$4,470$3,857$3,318$2,848$1,911
15 years$4,770$4,083$3,482$2,959$2,507$1,626
16 years$4,426$3,746$3,157$2,650$2,216$1,387
17 years$4,122$3,450$2,873$2,381$1,965$1,187
18 years$3,853$3,188$2,622$2,145$1,747$1,018
19 years$3,612$2,955$2,401$1,939$1,557$874
20 years$3,395$2,746$2,203$1,756$1,391$752
21 years$3,200$2,558$2,026$1,593$1,245$648
22 years$3,022$2,387$1,868$1,449$1,116$559
23 years$2,860$2,233$1,725$1,319$1,001$483
24 years$2,712$2,092$1,595$1,203$900$417
25 years$2,576$1,963$1,477$1,099$810$361
26 years$2,450$1,845$1,370$1,005$730$312
27 years$2,334$1,736$1,272$920$658$270
28 years$2,227$1,636$1,183$843$594$234
29 years$2,127$1,544$1,101$773$536$203
30 years$2,034$1,458$1,025$709$484$176
31 years$1,947$1,378$956$651$438$152
32 years$1,865$1,304$892$599$396$132
33 years$1,789$1,235$833$550$358$115
34 years$1,717$1,170$778$507$325$100
35 years$1,650$1,110$727$466$294$86
36 years$1,587$1,054$680$429$266$75
37 years$1,527$1,001$637$396$241$65
38 years$1,470$951$596$365$219$57
39 years$1,417$904$559$336$198$49
40 years$1,366$860$524$310$180$43
41 years$1,318$819$491$286$163$37
42 years$1,272$780$461$264$148$32
43 years$1,228$743$432$244$134$28
44 years$1,187$708$406$225$122$24
45 years$1,147$676$381$208$111$21
46 years$1,110$644$358$192$101$18
47 years$1,074$615$336$177$91$16
48 years$1,040$587$316$164$83$14
49 years$1,007$561$297$151$75$12
50 years$975$536$279$140$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $999,000, adding $5,098 every year, while hoping to spend $41,034 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: 29/50/21 Blend
62$999,000$999,000$999,000$999,000
63$1,106,157$1,053,210$1,037,725$1,130,815
64$1,175,325$1,061,157$1,028,829$1,158,147
65$1,250,173$1,068,119$1,018,260$1,183,509
66$1,331,237$1,074,003$1,005,918$1,209,909
67$1,419,106$1,078,712$991,699$1,237,464
68$1,514,428$1,082,142$975,494$1,266,302
69$1,617,916$1,084,184$957,190$1,296,568
70$1,730,354$1,084,719$936,666$1,328,425
71$1,852,605$1,083,625$913,799$1,362,058
72$1,985,616$1,080,768$888,457$1,397,672
73$2,130,431$1,076,008$860,503$1,435,496
74$2,288,200$1,069,197$829,794$1,475,790
75$2,460,186$1,060,177$796,182$1,518,841
76$2,647,779$1,048,781$759,509$1,564,974
77$2,852,512$1,034,831$719,612$1,614,549
78$3,076,070$1,018,139$676,320$1,667,968
79$3,320,307$998,506$629,455$1,725,683
80$3,587,267$975,721$578,830$1,788,193
81$3,879,198$949,560$524,250$1,856,060
82$4,198,575$919,788$465,512$1,929,905
83$4,548,126$886,153$402,402$2,010,423
84$4,930,851$848,392$334,699$2,098,386
85$5,350,057$806,222$262,171$2,194,653
86$5,809,385$759,349$184,575$2,300,180
87$6,312,842$707,457$101,659$2,416,029
88$6,864,846$650,217$13,159$2,543,379
89$7,470,260$587,276$0$2,683,542
90$8,134,439$518,266$0$2,856,187
91$8,863,284$442,793$0$3,049,046
92$9,663,294$360,445$0$3,261,026
93$10,541,628$270,784$0$3,494,186
94$11,506,171$173,350$0$3,750,803
95$12,565,610$67,654$0$4,033,398
96$13,729,515$0$0$4,344,757
97$15,008,428$0$0$4,713,724
98$16,413,964$0$0$5,160,301
99$17,958,916$0$0$5,651,351
100$19,657,381$0$0$6,191,376