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%18.9%
1 years$82,496$81,762$81,045$80,345$79,662$76,805
2 years$40,840$40,079$39,342$38,627$37,934$35,087
3 years$26,956$26,192$25,457$24,749$24,067$21,319
4 years$20,016$19,254$18,526$17,830$17,165$14,536
5 years$15,852$15,095$14,377$13,695$13,048$10,547
6 years$13,078$12,327$11,619$10,952$10,325$7,952
7 years$11,097$10,352$9,655$9,004$8,397$6,152
8 years$9,612$8,873$8,188$7,554$6,966$4,848
9 years$8,457$7,726$7,053$6,434$5,866$3,872
10 years$7,534$6,810$6,149$5,546$4,998$3,124
11 years$6,779$6,063$5,413$4,827$4,299$2,540
12 years$6,151$5,441$4,804$4,234$3,725$2,079
13 years$5,620$4,917$4,292$3,738$3,248$1,709
14 years$5,164$4,470$3,857$3,318$2,848$1,411
15 years$4,770$4,083$3,482$2,959$2,507$1,169
16 years$4,426$3,746$3,157$2,650$2,216$971
17 years$4,122$3,450$2,873$2,381$1,965$808
18 years$3,853$3,188$2,622$2,145$1,747$673
19 years$3,612$2,955$2,401$1,939$1,557$562
20 years$3,395$2,746$2,203$1,756$1,391$470
21 years$3,200$2,558$2,026$1,593$1,245$393
22 years$3,022$2,387$1,868$1,449$1,116$329
23 years$2,860$2,233$1,725$1,319$1,001$276
24 years$2,712$2,092$1,595$1,203$900$231
25 years$2,576$1,963$1,477$1,099$810$194
26 years$2,450$1,845$1,370$1,005$730$163
27 years$2,334$1,736$1,272$920$658$137
28 years$2,227$1,636$1,183$843$594$115
29 years$2,127$1,544$1,101$773$536$96
30 years$2,034$1,458$1,025$709$484$81
31 years$1,947$1,378$956$651$438$68
32 years$1,865$1,304$892$599$396$57
33 years$1,789$1,235$833$550$358$48
34 years$1,717$1,170$778$507$325$40
35 years$1,650$1,110$727$466$294$34
36 years$1,587$1,054$680$429$266$29
37 years$1,527$1,001$637$396$241$24
38 years$1,470$951$596$365$219$20
39 years$1,417$904$559$336$198$17
40 years$1,366$860$524$310$180$14
41 years$1,318$819$491$286$163$12
42 years$1,272$780$461$264$148$10
43 years$1,228$743$432$244$134$8
44 years$1,187$708$406$225$122$7
45 years$1,147$676$381$208$111$6
46 years$1,110$644$358$192$101$5
47 years$1,074$615$336$177$91$4
48 years$1,040$587$316$164$83$4
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $999,000, adding $2,059 every year, while hoping to spend $44,407 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: 45/41/14 Blend
62$999,000$999,000$999,000$999,000
63$1,103,022$1,050,075$1,034,590$1,148,160
64$1,168,281$1,054,280$1,022,000$1,183,999
65$1,238,709$1,057,202$1,007,500$1,218,188
66$1,314,785$1,058,733$990,979$1,254,291
67$1,397,037$1,058,755$972,321$1,292,501
68$1,486,046$1,057,145$951,405$1,333,037
69$1,582,448$1,053,771$928,103$1,376,139
70$1,686,946$1,048,493$902,282$1,422,077
71$1,800,309$1,041,165$873,804$1,471,148
72$1,923,387$1,031,628$842,522$1,523,685
73$2,057,111$1,019,716$808,285$1,580,056
74$2,202,507$1,005,253$770,933$1,640,673
75$2,360,704$988,052$730,301$1,705,989
76$2,532,944$967,914$686,214$1,776,510
77$2,720,593$944,630$638,490$1,852,799
78$2,925,154$917,978$586,941$1,935,477
79$3,148,283$887,723$531,367$2,025,236
80$3,391,802$853,615$471,561$2,122,841
81$3,657,715$815,391$407,308$2,229,143
82$3,948,229$772,772$338,380$2,345,085
83$4,265,775$725,465$264,542$2,471,709
84$4,613,027$673,156$185,547$2,610,174
85$4,992,932$615,516$101,139$2,761,761
86$5,408,732$552,198$11,049$2,927,891
87$5,863,999$482,832$0$3,110,134
88$6,362,666$407,030$0$3,322,945
89$6,909,065$324,381$0$3,558,125
90$7,507,964$234,450$0$3,816,202
91$8,164,617$136,779$0$4,099,582
92$8,884,811$30,884$0$4,410,927
93$9,674,917$0$0$4,753,177
94$10,541,956$0$0$5,167,363
95$11,493,659$0$0$5,637,410
96$12,538,543$0$0$6,153,606
97$13,685,990$0$0$6,720,601
98$14,946,334$0$0$7,343,518
99$16,330,962$0$0$8,028,001
100$17,852,415$0$0$8,780,268