Can I retire at age 63 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$77,046$76,360$75,690$75,037$74,399$71,931
2 years$38,142$37,431$36,743$36,075$35,428$32,966
3 years$25,175$24,462$23,775$23,114$22,477$20,097
4 years$18,693$17,982$17,302$16,652$16,031$13,752
5 years$14,805$14,098$13,427$12,791$12,186$10,015
6 years$12,214$11,512$10,851$10,229$9,643$7,580
7 years$10,364$9,668$9,017$8,410$7,842$5,888
8 years$8,977$8,287$7,647$7,055$6,506$4,659
9 years$7,898$7,215$6,587$6,009$5,479$3,737
10 years$7,036$6,360$5,742$5,180$4,668$3,028
11 years$6,332$5,662$5,056$4,508$4,015$2,474
12 years$5,745$5,082$4,487$3,954$3,479$2,034
13 years$5,248$4,593$4,009$3,491$3,034$1,680
14 years$4,823$4,175$3,602$3,099$2,659$1,394
15 years$4,455$3,814$3,252$2,764$2,342$1,160
16 years$4,134$3,499$2,948$2,474$2,070$969
17 years$3,850$3,222$2,683$2,223$1,835$810
18 years$3,598$2,978$2,449$2,004$1,632$679
19 years$3,373$2,760$2,242$1,810$1,454$570
20 years$3,171$2,564$2,058$1,640$1,299$479
21 years$2,988$2,389$1,893$1,488$1,162$403
22 years$2,822$2,230$1,744$1,353$1,042$339
23 years$2,671$2,085$1,611$1,232$935$286
24 years$2,533$1,954$1,490$1,124$841$241
25 years$2,405$1,834$1,380$1,026$756$203
26 years$2,288$1,723$1,279$938$681$172
27 years$2,180$1,622$1,188$859$614$145
28 years$2,079$1,528$1,105$787$554$122
29 years$1,986$1,442$1,028$722$501$103
30 years$1,899$1,362$957$662$452$87
31 years$1,818$1,287$893$608$409$74
32 years$1,742$1,218$833$559$370$62
33 years$1,671$1,153$778$514$335$53
34 years$1,604$1,093$727$473$303$45
35 years$1,541$1,037$679$435$275$38
36 years$1,482$984$635$401$249$32
37 years$1,426$935$595$370$225$27
38 years$1,373$888$557$341$204$23
39 years$1,323$845$522$314$185$19
40 years$1,276$804$489$290$168$16
41 years$1,231$765$459$267$153$14
42 years$1,188$728$430$247$138$12
43 years$1,147$694$404$228$126$10
44 years$1,109$662$379$210$114$8
45 years$1,072$631$356$194$103$7
46 years$1,037$602$334$179$94$6
47 years$1,003$574$314$166$85$5
48 years$971$548$295$153$77$4
49 years$940$524$277$141$70$4
50 years$911$500$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $933,000, adding $6,028 every year, while hoping to spend $54,935 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: 32/43/25 Blend
62$933,000$933,000$933,000$933,000
63$1,034,384$984,935$970,473$1,059,400
64$1,081,441$974,746$944,534$1,068,711
65$1,131,456$962,217$915,884$1,073,409
66$1,184,674$947,175$884,375$1,077,367
67$1,241,361$929,437$849,852$1,080,558
68$1,301,809$908,809$812,152$1,082,954
69$1,366,338$885,086$771,104$1,084,533
70$1,435,300$858,050$726,531$1,085,273
71$1,509,078$827,472$678,247$1,085,160
72$1,588,094$793,107$626,058$1,084,181
73$1,672,809$754,700$569,761$1,082,331
74$1,763,732$711,976$509,144$1,079,612
75$1,861,418$664,648$443,986$1,076,032
76$1,966,478$612,412$374,055$1,071,611
77$2,079,583$554,944$299,110$1,066,376
78$2,201,469$491,905$218,899$1,060,370
79$2,332,946$422,935$133,159$1,053,647
80$2,474,901$347,653$41,614$1,046,278
81$2,628,311$265,659$0$1,038,352
82$2,794,250$176,527$0$1,044,940
83$2,973,897$79,810$0$1,064,033
84$3,168,549$0$0$1,084,762
85$3,379,632$0$0$1,119,218
86$3,608,713$0$0$1,197,716
87$3,857,519$0$0$1,283,096
88$4,127,945$0$0$1,376,027
89$4,422,079$0$0$1,477,241
90$4,742,216$0$0$1,587,546
91$5,090,884$0$0$1,707,831
92$5,470,862$0$0$1,839,073
93$5,885,211$0$0$1,982,348
94$6,337,296$0$0$2,138,842
95$6,830,827$0$0$2,309,858
96$7,369,881$0$0$2,496,833
97$7,958,952$0$0$2,701,347
98$8,602,985$0$0$2,925,142
99$9,307,424$0$0$3,170,134
100$10,078,264$0$0$3,438,434