Can I retire at age 63 with 922,000?

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 $922,000?

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$76,138$75,460$74,798$74,152$73,522$71,978
2 years$37,692$36,990$36,310$35,650$35,010$33,463
3 years$24,878$24,173$23,495$22,841$22,212$20,708
4 years$18,473$17,770$17,098$16,456$15,842$14,394
5 years$14,631$13,932$13,269$12,640$12,043$10,654
6 years$12,070$11,376$10,723$10,108$9,529$8,202
7 years$10,241$9,554$8,911$8,310$7,750$6,484
8 years$8,871$8,189$7,557$6,971$6,429$5,224
9 years$7,805$7,130$6,509$5,938$5,414$4,270
10 years$6,953$6,285$5,675$5,119$4,613$3,528
11 years$6,257$5,595$4,996$4,455$3,967$2,940
12 years$5,677$5,022$4,434$3,907$3,438$2,467
13 years$5,186$4,538$3,961$3,450$2,998$2,081
14 years$4,766$4,125$3,559$3,062$2,628$1,764
15 years$4,403$3,769$3,214$2,731$2,314$1,500
16 years$4,085$3,458$2,914$2,445$2,045$1,280
17 years$3,805$3,184$2,651$2,197$1,813$1,095
18 years$3,556$2,942$2,420$1,980$1,612$939
19 years$3,333$2,727$2,216$1,789$1,437$807
20 years$3,134$2,534$2,033$1,620$1,284$694
21 years$2,953$2,360$1,870$1,471$1,149$598
22 years$2,789$2,203$1,724$1,337$1,030$516
23 years$2,640$2,061$1,592$1,218$924$446
24 years$2,503$1,931$1,472$1,111$831$385
25 years$2,377$1,812$1,363$1,014$748$333
26 years$2,261$1,703$1,264$927$673$288
27 years$2,154$1,603$1,174$849$607$249
28 years$2,055$1,510$1,091$778$548$216
29 years$1,963$1,425$1,016$713$495$187
30 years$1,877$1,345$946$655$447$162
31 years$1,797$1,272$882$601$404$141
32 years$1,722$1,203$823$552$366$122
33 years$1,651$1,140$768$508$331$106
34 years$1,585$1,080$718$467$300$92
35 years$1,523$1,025$671$430$271$80
36 years$1,464$972$628$396$246$69
37 years$1,409$924$588$365$223$60
38 years$1,357$878$550$337$202$52
39 years$1,307$835$516$310$183$45
40 years$1,261$794$483$286$166$39
41 years$1,216$756$453$264$151$34
42 years$1,174$720$425$244$137$30
43 years$1,134$686$399$225$124$26
44 years$1,095$654$374$208$113$22
45 years$1,059$623$352$192$102$19
46 years$1,024$595$330$177$93$17
47 years$991$568$310$164$84$15
48 years$959$542$292$151$77$13
49 years$929$517$274$140$70$11
50 years$900$494$258$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $922,000, adding $5,763 every year, while hoping to spend $52,332 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: 49/39/12 Blend
62$922,000$922,000$922,000$922,000
63$1,021,989$973,123$958,832$1,068,447
64$1,070,551$965,125$935,272$1,092,981
65$1,122,312$954,981$909,168$1,113,672
66$1,177,544$942,531$880,382$1,134,965
67$1,236,543$927,605$848,764$1,156,932
68$1,299,635$910,022$814,163$1,179,657
69$1,367,177$889,593$776,416$1,203,235
70$1,439,560$866,114$735,357$1,227,772
71$1,517,214$839,372$690,810$1,253,393
72$1,600,609$809,140$642,592$1,280,236
73$1,690,263$775,180$590,510$1,308,458
74$1,786,742$737,236$534,364$1,338,239
75$1,890,671$695,042$473,947$1,369,778
76$2,002,733$648,313$409,038$1,403,302
77$2,123,681$596,749$339,410$1,439,067
78$2,254,341$540,034$264,824$1,477,360
79$2,395,620$477,832$185,032$1,518,503
80$2,548,517$409,790$99,775$1,562,858
81$2,714,129$335,532$8,780$1,610,831
82$2,893,661$254,665$0$1,662,876
83$3,088,440$166,769$0$1,730,813
84$3,299,925$71,405$0$1,805,835
85$3,529,721$0$0$1,887,494
86$3,779,591$0$0$1,990,227
87$4,051,478$0$0$2,135,444
88$4,347,518$0$0$2,293,653
89$4,670,062$0$0$2,466,122
90$5,021,697$0$0$2,654,246
91$5,405,270$0$0$2,859,561
92$5,823,916$0$0$3,083,757
93$6,281,084$0$0$3,328,696
94$6,780,571$0$0$3,596,426
95$7,326,559$0$0$3,889,202
96$7,923,650$0$0$4,209,509
97$8,576,913$0$0$4,560,081
98$9,291,927$0$0$4,943,930
99$10,074,839$0$0$5,364,370
100$10,932,414$0$0$5,825,055