Can I retire at age 63 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$76,881$76,196$75,528$74,876$74,239$72,651
2 years$38,060$37,351$36,664$35,998$35,352$33,760
3 years$25,121$24,409$23,724$23,064$22,429$20,882
4 years$18,653$17,943$17,265$16,617$15,996$14,507
5 years$14,773$14,068$13,398$12,763$12,160$10,733
6 years$12,188$11,487$10,828$10,207$9,622$8,258
7 years$10,341$9,647$8,998$8,392$7,825$6,524
8 years$8,957$8,269$7,631$7,039$6,492$5,254
9 years$7,882$7,200$6,573$5,996$5,467$4,291
10 years$7,021$6,346$5,730$5,169$4,658$3,543
11 years$6,318$5,650$5,045$4,498$4,006$2,951
12 years$5,732$5,071$4,477$3,946$3,472$2,474
13 years$5,237$4,583$4,000$3,483$3,027$2,086
14 years$4,813$4,166$3,594$3,092$2,654$1,767
15 years$4,446$3,805$3,245$2,758$2,337$1,502
16 years$4,125$3,491$2,942$2,469$2,065$1,281
17 years$3,842$3,215$2,677$2,219$1,831$1,095
18 years$3,591$2,971$2,444$1,999$1,628$938
19 years$3,366$2,754$2,237$1,807$1,451$806
20 years$3,164$2,559$2,053$1,636$1,296$693
21 years$2,982$2,383$1,889$1,485$1,160$596
22 years$2,816$2,225$1,741$1,350$1,040$514
23 years$2,665$2,081$1,607$1,230$933$443
24 years$2,527$1,950$1,486$1,121$839$383
25 years$2,400$1,830$1,377$1,024$755$331
26 years$2,283$1,720$1,277$936$680$286
27 years$2,175$1,618$1,186$857$613$247
28 years$2,075$1,525$1,102$785$553$214
29 years$1,982$1,439$1,026$720$499$185
30 years$1,895$1,359$955$661$451$161
31 years$1,814$1,284$891$607$408$139
32 years$1,738$1,215$831$558$369$121
33 years$1,667$1,151$776$513$334$105
34 years$1,601$1,091$725$472$302$91
35 years$1,538$1,035$678$435$274$79
36 years$1,479$982$634$400$248$68
37 years$1,423$933$593$369$225$59
38 years$1,370$886$556$340$204$51
39 years$1,320$843$521$313$185$44
40 years$1,273$802$488$289$168$39
41 years$1,228$763$458$267$152$33
42 years$1,185$727$429$246$138$29
43 years$1,145$693$403$227$125$25
44 years$1,106$660$378$210$114$22
45 years$1,069$630$355$194$103$19
46 years$1,034$601$333$179$94$16
47 years$1,001$573$313$165$85$14
48 years$969$547$294$153$77$12
49 years$938$522$277$141$70$11
50 years$909$499$260$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $931,000, adding $6,816 every year, while hoping to spend $22,790 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: 31/47/22 Blend
62$931,000$931,000$931,000$931,000
63$1,032,993$983,650$969,219$1,057,795
64$1,114,110$1,007,600$977,440$1,101,124
65$1,202,737$1,031,960$985,172$1,145,216
66$1,299,616$1,056,726$992,375$1,192,209
67$1,405,564$1,081,893$999,007$1,242,369
68$1,521,480$1,107,455$1,005,022$1,295,991
69$1,648,355$1,133,404$1,010,375$1,353,398
70$1,787,280$1,159,733$1,015,014$1,414,949
71$1,939,454$1,186,432$1,018,890$1,481,037
72$2,106,202$1,213,491$1,021,946$1,552,095
73$2,288,979$1,240,896$1,024,125$1,628,603
74$2,489,389$1,268,635$1,025,368$1,711,089
75$2,709,200$1,296,691$1,025,611$1,800,132
76$2,950,356$1,325,047$1,024,787$1,896,376
77$3,215,003$1,353,685$1,022,828$2,000,528
78$3,505,501$1,382,582$1,019,660$2,113,365
79$3,824,450$1,411,717$1,015,206$2,235,750
80$4,174,716$1,441,063$1,009,388$2,368,628
81$4,559,454$1,470,592$1,002,119$2,513,047
82$4,982,141$1,500,274$993,313$2,670,157
83$5,446,608$1,530,076$982,878$2,841,232
84$5,957,073$1,559,961$970,715$3,027,671
85$6,518,186$1,589,890$956,725$3,231,021
86$7,135,067$1,619,821$940,802$3,452,987
87$7,813,358$1,649,707$922,833$3,695,448
88$8,559,277$1,679,499$902,704$3,960,477
89$9,379,671$1,709,142$880,293$4,250,359
90$10,282,087$1,738,580$855,473$4,567,616
91$11,274,839$1,767,749$828,110$4,915,026
92$12,367,087$1,796,583$798,066$5,295,654
93$13,568,924$1,825,009$765,195$5,712,879
94$14,891,470$1,852,951$729,345$6,170,429
95$16,346,980$1,880,325$690,358$6,672,412
96$17,948,954$1,907,043$648,067$7,223,359
97$19,712,268$1,933,010$602,298$7,828,266
98$21,653,315$1,958,123$552,871$8,492,642
99$23,790,156$1,982,274$499,595$9,222,559
100$26,142,694$2,005,347$442,273$10,024,716