Can I retire at age 63 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$77,211$76,524$75,853$75,198$74,558$72,114
2 years$38,223$37,512$36,822$36,153$35,504$33,065
3 years$25,229$24,514$23,826$23,163$22,525$20,167
4 years$18,733$18,021$17,339$16,688$16,065$13,807
5 years$14,837$14,128$13,456$12,818$12,212$10,060
6 years$12,240$11,537$10,874$10,251$9,663$7,618
7 years$10,386$9,689$9,037$8,428$7,859$5,921
8 years$8,996$8,305$7,664$7,070$6,520$4,688
9 years$7,915$7,231$6,601$6,022$5,491$3,762
10 years$7,051$6,374$5,755$5,191$4,678$3,051
11 years$6,345$5,674$5,066$4,518$4,023$2,494
12 years$5,757$5,093$4,496$3,963$3,487$2,052
13 years$5,260$4,602$4,017$3,498$3,040$1,696
14 years$4,834$4,183$3,609$3,105$2,665$1,408
15 years$4,465$3,822$3,259$2,769$2,347$1,173
16 years$4,142$3,506$2,955$2,480$2,074$980
17 years$3,858$3,229$2,689$2,228$1,839$820
18 years$3,606$2,984$2,454$2,008$1,635$688
19 years$3,380$2,765$2,247$1,814$1,457$578
20 years$3,178$2,570$2,062$1,643$1,302$486
21 years$2,995$2,394$1,897$1,491$1,165$409
22 years$2,828$2,234$1,748$1,356$1,044$345
23 years$2,677$2,090$1,614$1,235$937$291
24 years$2,538$1,958$1,493$1,126$842$245
25 years$2,411$1,837$1,383$1,029$758$207
26 years$2,293$1,727$1,282$941$683$175
27 years$2,185$1,625$1,191$861$616$148
28 years$2,084$1,531$1,107$789$556$125
29 years$1,990$1,445$1,030$723$502$106
30 years$1,903$1,364$959$664$453$89
31 years$1,822$1,290$894$610$410$76
32 years$1,746$1,220$835$560$371$64
33 years$1,674$1,156$779$515$335$54
34 years$1,607$1,095$728$474$304$46
35 years$1,544$1,039$681$436$275$39
36 years$1,485$986$637$402$249$33
37 years$1,429$937$596$370$226$28
38 years$1,376$890$558$341$205$23
39 years$1,326$846$523$315$186$20
40 years$1,278$805$490$290$168$17
41 years$1,233$767$460$268$153$14
42 years$1,190$730$431$247$139$12
43 years$1,150$696$405$228$126$10
44 years$1,111$663$380$211$114$9
45 years$1,074$632$357$195$104$7
46 years$1,039$603$335$180$94$6
47 years$1,005$576$315$166$86$5
48 years$973$549$296$153$78$4
49 years$942$525$278$142$71$4
50 years$913$501$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 $935,000, adding $4,342 every year, while hoping to spend $40,838 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: 80/12/8 Blend
62$935,000$935,000$935,000$935,000
63$1,034,849$985,294$970,801$1,116,214
64$1,096,952$990,122$959,872$1,174,989
65$1,164,021$993,818$947,207$1,233,659
66$1,236,519$996,283$932,707$1,296,812
67$1,314,956$997,413$916,265$1,364,876
68$1,399,891$997,096$897,769$1,438,321
69$1,491,940$995,213$877,105$1,517,666
70$1,591,780$991,641$854,149$1,603,481
71$1,700,155$986,244$828,777$1,696,396
72$1,817,883$978,883$800,853$1,797,103
73$1,945,866$969,407$770,240$1,906,367
74$2,085,093$957,657$736,792$2,025,028
75$2,236,656$943,464$700,358$2,154,015
76$2,401,752$926,652$660,777$2,294,348
77$2,581,702$907,029$617,885$2,447,155
78$2,777,959$884,397$571,507$2,613,677
79$2,992,121$858,543$521,463$2,795,280
80$3,225,949$829,242$467,563$2,993,474
81$3,481,378$796,258$409,609$3,209,920
82$3,760,542$759,338$347,394$3,446,449
83$4,065,789$718,217$280,704$3,705,080
84$4,399,704$672,614$209,312$3,988,038
85$4,765,134$622,232$132,983$4,297,777
86$5,165,211$566,755$51,472$4,637,000
87$5,603,389$505,853$0$5,008,686
88$6,083,468$439,172$0$5,419,152
89$6,609,633$366,344$0$5,873,874
90$7,186,496$286,974$0$6,372,467
91$7,819,132$200,650$0$6,919,356
92$8,513,136$106,934$0$7,519,416
93$9,274,666$5,364$0$8,178,020
94$10,110,508$0$0$8,901,087
95$11,028,135$0$0$9,708,948
96$12,035,780$0$0$10,596,864
97$13,142,513$0$0$11,572,123
98$14,358,323$0$0$12,643,530
99$15,694,217$0$0$13,820,789
100$17,162,320$0$0$15,114,589