Can I retire at age 63 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$76,303$75,623$74,960$74,313$73,681$70,842
2 years$37,774$37,070$36,388$35,727$35,086$32,259
3 years$24,932$24,226$23,546$22,891$22,260$19,535
4 years$18,513$17,809$17,135$16,492$15,876$13,273
5 years$14,662$13,962$13,298$12,667$12,069$9,595
6 years$12,096$11,401$10,747$10,130$9,550$7,206
7 years$10,264$9,575$8,930$8,328$7,766$5,553
8 years$8,890$8,207$7,574$6,987$6,443$4,357
9 years$7,822$7,146$6,523$5,951$5,426$3,465
10 years$6,968$6,299$5,687$5,130$4,623$2,783
11 years$6,270$5,607$5,007$4,464$3,976$2,253
12 years$5,689$5,033$4,443$3,916$3,446$1,835
13 years$5,198$4,548$3,970$3,457$3,005$1,502
14 years$4,777$4,134$3,567$3,069$2,634$1,234
15 years$4,412$3,777$3,221$2,737$2,319$1,017
16 years$4,094$3,465$2,920$2,451$2,050$840
17 years$3,813$3,191$2,657$2,202$1,817$696
18 years$3,564$2,949$2,425$1,984$1,616$577
19 years$3,341$2,733$2,220$1,793$1,440$479
20 years$3,140$2,540$2,038$1,624$1,286$398
21 years$2,959$2,366$1,874$1,474$1,151$331
22 years$2,795$2,208$1,728$1,340$1,032$276
23 years$2,645$2,065$1,595$1,220$926$230
24 years$2,508$1,935$1,475$1,113$833$192
25 years$2,382$1,816$1,366$1,017$749$160
26 years$2,266$1,707$1,267$929$675$134
27 years$2,159$1,606$1,177$851$608$112
28 years$2,059$1,513$1,094$779$549$93
29 years$1,967$1,428$1,018$715$496$78
30 years$1,881$1,348$948$656$448$65
31 years$1,800$1,275$884$602$405$54
32 years$1,725$1,206$825$554$366$45
33 years$1,655$1,142$770$509$332$38
34 years$1,589$1,083$720$468$300$32
35 years$1,526$1,027$673$431$272$26
36 years$1,468$975$629$397$246$22
37 years$1,412$926$589$366$223$18
38 years$1,360$880$552$337$202$15
39 years$1,310$836$517$311$184$13
40 years$1,263$796$484$287$166$11
41 years$1,219$758$454$265$151$9
42 years$1,176$721$426$244$137$8
43 years$1,136$687$400$225$124$6
44 years$1,098$655$375$208$113$5
45 years$1,061$625$352$192$102$4
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$3
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$2
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $924,000, adding $6,421 every year, while hoping to spend $56,153 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: 55/38/7 Blend
62$924,000$924,000$924,000$924,000
63$1,024,871$975,899$961,577$1,079,242
64$1,069,662$963,972$934,044$1,104,758
65$1,117,139$949,578$903,706$1,125,747
66$1,167,517$932,538$870,410$1,147,229
67$1,221,032$912,660$833,997$1,169,261
68$1,277,940$889,743$794,298$1,191,905
69$1,338,521$863,572$751,139$1,215,233
70$1,403,085$833,921$704,336$1,239,329
71$1,471,966$800,550$653,699$1,264,287
72$1,545,536$763,206$599,026$1,290,216
73$1,624,197$721,620$540,111$1,317,239
74$1,708,394$675,508$476,733$1,345,497
75$1,798,613$624,571$408,666$1,375,147
76$1,895,387$568,490$335,672$1,406,370
77$1,999,301$506,931$257,502$1,439,369
78$2,110,998$439,539$173,896$1,474,373
79$2,231,183$365,939$84,585$1,511,642
80$2,360,630$285,736$0$1,551,465
81$2,500,189$198,512$0$1,594,973
82$2,650,794$103,826$0$1,648,526
83$2,813,472$1,210$0$1,706,236
84$2,989,351$0$0$1,768,591
85$3,179,670$0$0$1,882,059
86$3,385,792$0$0$2,005,568
87$3,609,215$0$0$2,139,517
88$3,851,586$0$0$2,284,906
89$4,114,717$0$0$2,442,829
90$4,400,601$0$0$2,614,494
91$4,711,430$0$0$2,801,227
92$5,049,615$0$0$3,004,488
93$5,417,811$0$0$3,225,885
94$5,818,936$0$0$3,467,185
95$6,256,204$0$0$3,730,333
96$6,733,151$0$0$4,017,472
97$7,253,669$0$0$4,330,958
98$7,822,043$0$0$4,673,386
99$8,442,989$0$0$5,047,613
100$9,121,698$0$0$5,456,784