Can I retire at age 63 with 925,000?

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 $925,000?

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$76,386$75,705$75,041$74,393$73,761$71,115
2 years$37,815$37,110$36,428$35,766$35,124$32,488
3 years$24,959$24,252$23,571$22,916$22,284$19,739
4 years$18,533$17,828$17,154$16,509$15,893$13,460
5 years$14,678$13,977$13,312$12,681$12,082$9,766
6 years$12,109$11,413$10,758$10,141$9,560$7,363
7 years$10,275$9,585$8,940$8,337$7,775$5,696
8 years$8,900$8,216$7,582$6,994$6,450$4,489
9 years$7,831$7,154$6,530$5,957$5,432$3,585
10 years$6,976$6,306$5,693$5,135$4,628$2,892
11 years$6,277$5,613$5,012$4,469$3,980$2,352
12 years$5,695$5,038$4,448$3,920$3,449$1,925
13 years$5,203$4,553$3,974$3,461$3,008$1,583
14 years$4,782$4,139$3,571$3,072$2,637$1,307
15 years$4,417$3,781$3,224$2,740$2,322$1,082
16 years$4,098$3,469$2,923$2,453$2,052$899
17 years$3,817$3,195$2,660$2,204$1,819$748
18 years$3,567$2,952$2,428$1,986$1,618$624
19 years$3,344$2,736$2,223$1,795$1,442$521
20 years$3,144$2,542$2,040$1,626$1,288$435
21 years$2,963$2,368$1,876$1,475$1,152$364
22 years$2,798$2,211$1,729$1,341$1,033$305
23 years$2,648$2,067$1,597$1,222$927$256
24 years$2,511$1,937$1,477$1,114$833$214
25 years$2,385$1,818$1,368$1,018$750$180
26 years$2,269$1,708$1,269$930$676$151
27 years$2,161$1,608$1,178$852$609$127
28 years$2,062$1,515$1,095$780$550$106
29 years$1,969$1,429$1,019$716$496$89
30 years$1,883$1,350$949$657$448$75
31 years$1,802$1,276$885$603$405$63
32 years$1,727$1,207$826$554$367$53
33 years$1,657$1,143$771$510$332$45
34 years$1,590$1,084$720$469$300$37
35 years$1,528$1,028$673$432$272$31
36 years$1,469$976$630$398$247$26
37 years$1,414$927$590$366$223$22
38 years$1,361$881$552$338$203$19
39 years$1,312$837$517$311$184$16
40 years$1,265$797$485$287$167$13
41 years$1,220$758$455$265$151$11
42 years$1,178$722$426$245$137$9
43 years$1,137$688$400$226$125$8
44 years$1,099$656$376$208$113$7
45 years$1,062$626$353$192$103$6
46 years$1,028$597$331$178$93$5
47 years$994$569$311$164$85$4
48 years$963$544$292$152$77$3
49 years$932$519$275$140$70$3
50 years$903$496$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 $925,000, adding $6,115 every year, while hoping to spend $49,383 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: 76/6/18 Blend
62$925,000$925,000$925,000$925,000
63$1,025,658$976,633$962,295$1,098,948
64$1,077,732$971,944$941,989$1,143,579
65$1,133,462$965,372$919,347$1,185,771
66$1,193,170$956,769$894,240$1,230,713
67$1,257,206$945,984$866,530$1,278,664
68$1,325,958$932,855$836,076$1,329,911
69$1,399,849$917,208$802,728$1,384,769
70$1,479,345$898,862$766,330$1,443,589
71$1,564,955$877,623$726,719$1,506,756
72$1,657,241$853,287$683,725$1,574,696
73$1,756,819$825,637$637,169$1,647,876
74$1,864,365$794,445$586,865$1,726,817
75$1,980,625$759,467$532,620$1,812,089
76$2,106,415$720,447$474,229$1,904,324
77$2,242,634$677,114$411,480$2,004,218
78$2,390,271$629,181$344,153$2,112,539
79$2,550,412$576,343$272,015$2,230,135
80$2,724,251$518,282$194,825$2,357,943
81$2,913,104$454,656$112,330$2,496,995
82$3,118,415$385,109$24,268$2,648,430
83$3,341,776$309,262$0$2,813,506
84$3,584,935$226,714$0$3,006,999
85$3,849,820$137,044$0$3,222,895
86$4,138,548$39,806$0$3,458,275
87$4,453,452$0$0$3,715,061
88$4,797,098$0$0$3,999,694
89$5,172,312$0$0$4,313,378
90$5,582,205$0$0$4,656,087
91$6,030,199$0$0$5,030,689
92$6,520,065$0$0$5,440,340
93$7,055,953$0$0$5,888,516
94$7,642,433$0$0$6,379,043
95$8,284,537$0$0$6,916,137
96$8,987,807$0$0$7,504,436
97$9,758,345$0$0$8,149,052
98$10,602,873$0$0$8,855,612
99$11,528,791$0$0$9,630,315
100$12,544,252$0$0$10,479,988