Can I retire at age 63 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$75,230$74,559$73,906$73,268$72,644$71,976
2 years$37,242$36,549$35,877$35,225$34,593$33,919
3 years$24,582$23,885$23,214$22,569$21,947$21,289
4 years$18,252$17,558$16,894$16,260$15,653$15,016
5 years$14,456$13,766$13,111$12,489$11,899$11,285
6 years$11,926$11,241$10,595$9,987$9,415$8,825
7 years$10,119$9,440$8,805$8,211$7,657$7,090
8 years$8,765$8,092$7,467$6,888$6,352$5,809
9 years$7,712$7,045$6,431$5,867$5,350$4,830
10 years$6,870$6,210$5,607$5,058$4,558$4,062
11 years$6,182$5,529$4,936$4,402$3,920$3,447
12 years$5,609$4,962$4,381$3,861$3,397$2,946
13 years$5,125$4,484$3,914$3,409$2,962$2,534
14 years$4,710$4,076$3,517$3,026$2,597$2,189
15 years$4,350$3,724$3,175$2,698$2,286$1,900
16 years$4,036$3,416$2,879$2,416$2,021$1,654
17 years$3,759$3,146$2,620$2,171$1,792$1,445
18 years$3,513$2,907$2,391$1,956$1,593$1,265
19 years$3,294$2,694$2,189$1,768$1,420$1,110
20 years$3,096$2,504$2,009$1,601$1,268$976
21 years$2,918$2,332$1,848$1,453$1,135$860
22 years$2,756$2,177$1,703$1,321$1,017$758
23 years$2,608$2,036$1,573$1,203$913$669
24 years$2,473$1,908$1,454$1,097$821$592
25 years$2,349$1,790$1,347$1,002$739$523
26 years$2,234$1,683$1,249$916$665$464
27 years$2,128$1,584$1,160$839$600$411
28 years$2,030$1,492$1,078$768$541$364
29 years$1,939$1,408$1,004$705$489$323
30 years$1,854$1,329$935$647$442$287
31 years$1,775$1,257$872$594$399$255
32 years$1,701$1,189$813$546$361$226
33 years$1,631$1,126$759$502$327$201
34 years$1,566$1,067$709$462$296$179
35 years$1,505$1,012$663$425$268$159
36 years$1,447$961$620$392$243$141
37 years$1,392$913$581$361$220$126
38 years$1,341$867$544$333$200$112
39 years$1,292$825$509$307$181$100
40 years$1,245$785$478$283$164$89
41 years$1,202$747$448$261$149$79
42 years$1,160$711$420$241$135$70
43 years$1,120$678$394$222$123$63
44 years$1,082$646$370$205$111$56
45 years$1,046$616$347$190$101$50
46 years$1,012$588$326$175$92$44
47 years$979$561$307$162$83$39
48 years$948$535$288$149$76$35
49 years$918$511$271$138$69$31
50 years$889$488$255$128$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $911,000, adding $3,574 every year, while hoping to spend $28,276 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: 52/42/6 Blend
62$911,000$911,000$911,000$911,000
63$1,007,609$959,326$945,205$1,058,393
64$1,080,299$976,247$946,784$1,110,155
65$1,159,457$993,050$947,468$1,163,033
66$1,245,710$1,009,699$947,198$1,219,852
67$1,339,754$1,026,155$945,910$1,280,989
68$1,442,350$1,042,378$943,539$1,346,860
69$1,554,337$1,058,322$940,015$1,417,920
70$1,676,641$1,073,941$935,267$1,494,676
71$1,810,278$1,089,184$929,218$1,577,683
72$1,956,369$1,103,997$921,790$1,667,553
73$2,116,147$1,118,320$912,897$1,764,963
74$2,290,969$1,132,093$902,454$1,870,658
75$2,482,330$1,145,248$890,369$1,985,460
76$2,691,878$1,157,715$876,546$2,110,275
77$2,921,424$1,169,418$860,885$2,246,103
78$3,172,965$1,180,276$843,281$2,394,046
79$3,448,701$1,190,203$823,625$2,555,319
80$3,751,053$1,199,107$801,801$2,731,263
81$4,082,688$1,206,891$777,689$2,923,355
82$4,446,545$1,213,451$751,163$3,133,226
83$4,845,858$1,218,676$722,093$3,362,674
84$5,284,194$1,222,449$690,341$3,613,680
85$5,765,477$1,224,644$655,763$3,888,430
86$6,294,033$1,225,129$618,209$4,189,337
87$6,874,627$1,223,763$577,522$4,519,058
88$7,512,508$1,220,396$533,537$4,880,524
89$8,213,458$1,214,870$486,085$5,276,970
90$8,983,846$1,207,014$434,984$5,711,959
91$9,830,692$1,196,652$380,050$6,189,424
92$10,761,727$1,183,591$321,086$6,713,699
93$11,785,468$1,167,633$257,888$7,289,565
94$12,911,302$1,148,563$190,243$7,922,293
95$14,149,568$1,126,156$117,929$8,617,694
96$15,511,658$1,100,172$40,714$9,382,178
97$17,010,125$1,070,358$0$10,222,810
98$18,658,798$1,036,446$0$11,150,051
99$20,472,916$998,152$0$12,172,779
100$22,469,268$955,175$0$13,297,872