Can I retire at age 63 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$76,633$75,951$75,285$74,635$74,000$72,595
2 years$37,937$37,231$36,546$35,882$35,238$33,828
3 years$25,040$24,331$23,648$22,990$22,357$20,985
4 years$18,593$17,886$17,209$16,563$15,945$14,623
5 years$14,726$14,023$13,355$12,722$12,121$10,853
6 years$12,148$11,450$10,793$10,174$9,591$8,377
7 years$10,308$9,616$8,969$8,364$7,800$6,641
8 years$8,929$8,243$7,606$7,017$6,471$5,367
9 years$7,856$7,177$6,551$5,977$5,449$4,399
10 years$6,999$6,326$5,712$5,152$4,643$3,646
11 years$6,298$5,632$5,028$4,484$3,993$3,048
12 years$5,714$5,055$4,463$3,933$3,460$2,566
13 years$5,220$4,568$3,987$3,472$3,018$2,172
14 years$4,797$4,152$3,582$3,082$2,645$1,847
15 years$4,431$3,793$3,234$2,749$2,329$1,577
16 years$4,111$3,480$2,933$2,461$2,058$1,350
17 years$3,829$3,205$2,668$2,211$1,825$1,159
18 years$3,579$2,962$2,436$1,993$1,623$998
19 years$3,355$2,745$2,230$1,801$1,446$860
20 years$3,154$2,551$2,047$1,631$1,292$743
21 years$2,972$2,376$1,882$1,480$1,156$643
22 years$2,807$2,218$1,735$1,346$1,036$556
23 years$2,657$2,074$1,602$1,226$930$482
24 years$2,519$1,943$1,482$1,118$836$418
25 years$2,393$1,824$1,372$1,021$752$363
26 years$2,276$1,714$1,273$933$678$316
27 years$2,168$1,613$1,182$854$611$274
28 years$2,068$1,520$1,099$783$551$239
29 years$1,975$1,434$1,022$718$498$208
30 years$1,889$1,354$952$659$450$181
31 years$1,808$1,280$888$605$407$157
32 years$1,733$1,211$828$556$368$137
33 years$1,662$1,147$773$511$333$119
34 years$1,595$1,087$723$471$301$104
35 years$1,533$1,031$676$433$273$91
36 years$1,474$979$632$399$247$79
37 years$1,418$930$592$368$224$69
38 years$1,366$883$554$339$203$60
39 years$1,316$840$519$312$184$52
40 years$1,269$799$486$288$167$46
41 years$1,224$761$456$266$152$40
42 years$1,181$725$428$245$138$35
43 years$1,141$690$402$226$125$30
44 years$1,103$658$377$209$113$26
45 years$1,066$628$354$193$103$23
46 years$1,031$599$332$178$93$20
47 years$998$571$312$165$85$18
48 years$966$545$293$152$77$15
49 years$935$521$276$141$70$13
50 years$906$497$259$130$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $928,000, adding $4,891 every year, while hoping to spend $24,413 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: 59/29/12 Blend
62$928,000$928,000$928,000$928,000
63$1,027,701$978,517$964,133$1,085,042
64$1,106,551$1,000,489$970,456$1,146,209
65$1,192,626$1,022,720$976,173$1,209,709
66$1,286,637$1,045,195$981,237$1,278,364
67$1,389,365$1,067,902$985,601$1,352,674
68$1,501,675$1,090,823$989,212$1,433,186
69$1,624,513$1,113,941$992,019$1,520,507
70$1,758,926$1,137,236$993,964$1,615,302
71$1,906,063$1,160,688$994,988$1,718,306
72$2,067,191$1,184,271$995,030$1,830,327
73$2,243,706$1,207,962$994,025$1,952,258
74$2,437,144$1,231,732$991,905$2,085,081
75$2,649,196$1,255,551$988,597$2,229,876
76$2,881,728$1,279,386$984,028$2,387,838
77$3,136,790$1,303,202$978,119$2,560,279
78$3,416,644$1,326,960$970,788$2,748,649
79$3,723,780$1,350,620$961,948$2,954,543
80$4,060,941$1,374,135$951,508$3,179,719
81$4,431,148$1,397,459$939,375$3,426,117
82$4,837,730$1,420,540$925,450$3,695,872
83$5,284,354$1,443,322$909,627$3,991,338
84$5,775,059$1,465,745$891,800$4,315,110
85$6,314,293$1,487,745$871,854$4,670,048
86$6,906,961$1,509,254$849,671$5,059,304
87$7,558,462$1,530,199$825,126$5,486,351
88$8,274,746$1,550,499$798,088$5,955,018
89$9,062,368$1,570,072$768,423$6,469,525
90$9,928,552$1,588,828$735,987$7,034,522
91$10,881,253$1,606,670$700,632$7,655,136
92$11,929,240$1,623,495$662,202$8,337,017
93$13,082,172$1,639,196$620,535$9,086,391
94$14,350,691$1,653,654$575,460$9,910,123
95$15,746,524$1,666,746$526,801$10,815,777
96$17,282,593$1,678,340$474,372$11,811,690
97$18,973,133$1,688,294$417,979$12,907,053
98$20,833,831$1,696,459$357,420$14,111,994
99$22,881,972$1,702,676$292,484$15,437,676
100$25,136,601$1,706,774$222,950$16,896,403