Can I retire at age 63 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$77,377$76,687$76,015$75,359$74,718$74,403
2 years$38,305$37,592$36,900$36,230$35,580$35,262
3 years$25,283$24,567$23,877$23,213$22,573$22,262
4 years$18,773$18,059$17,376$16,724$16,099$15,798
5 years$14,869$14,159$13,485$12,845$12,239$11,947
6 years$12,266$11,562$10,898$10,273$9,684$9,403
7 years$10,408$9,709$9,056$8,446$7,876$7,605
8 years$9,015$8,323$7,680$7,085$6,534$6,274
9 years$7,932$7,246$6,615$6,035$5,502$5,253
10 years$7,067$6,387$5,767$5,202$4,688$4,449
11 years$6,359$5,686$5,077$4,527$4,032$3,804
12 years$5,769$5,104$4,506$3,971$3,494$3,276
13 years$5,271$4,612$4,026$3,506$3,047$2,839
14 years$4,844$4,192$3,617$3,112$2,671$2,472
15 years$4,474$3,830$3,266$2,775$2,352$2,163
16 years$4,151$3,514$2,961$2,485$2,078$1,899
17 years$3,866$3,236$2,694$2,233$1,843$1,672
18 years$3,614$2,990$2,460$2,012$1,639$1,476
19 years$3,388$2,771$2,252$1,818$1,460$1,307
20 years$3,185$2,575$2,066$1,647$1,305$1,159
21 years$3,001$2,399$1,901$1,495$1,167$1,030
22 years$2,834$2,239$1,752$1,359$1,046$916
23 years$2,682$2,094$1,617$1,238$939$816
24 years$2,543$1,962$1,496$1,129$844$728
25 years$2,416$1,841$1,386$1,031$760$650
26 years$2,298$1,731$1,285$943$684$581
27 years$2,189$1,629$1,193$863$617$520
28 years$2,088$1,535$1,109$790$557$466
29 years$1,995$1,448$1,032$725$503$417
30 years$1,907$1,367$962$665$454$374
31 years$1,826$1,293$896$611$411$335
32 years$1,750$1,223$836$561$371$301
33 years$1,678$1,158$781$516$336$270
34 years$1,611$1,098$730$475$304$242
35 years$1,548$1,041$682$437$276$218
36 years$1,488$988$638$403$250$196
37 years$1,432$939$597$371$226$176
38 years$1,379$892$559$342$205$158
39 years$1,329$848$524$315$186$142
40 years$1,281$807$491$291$169$128
41 years$1,236$768$461$268$153$115
42 years$1,193$732$432$248$139$103
43 years$1,152$697$405$229$126$93
44 years$1,113$664$381$211$114$84
45 years$1,076$634$357$195$104$75
46 years$1,041$604$336$180$94$68
47 years$1,007$577$315$166$86$61
48 years$975$551$296$154$78$55
49 years$944$526$278$142$71$50
50 years$915$502$262$131$64$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $937,000, adding $5,569 every year, while hoping to spend $55,965 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: 36/35/29 Blend
62$937,000$937,000$937,000$937,000
63$1,038,318$988,657$974,134$1,066,505
64$1,084,681$977,555$947,221$1,076,907
65$1,133,896$964,033$917,531$1,082,687
66$1,186,197$947,914$884,911$1,087,864
67$1,241,836$929,010$849,203$1,092,421
68$1,301,092$907,120$810,241$1,096,346
69$1,364,269$882,034$767,849$1,099,629
70$1,431,699$853,529$721,847$1,102,266
71$1,503,748$821,367$672,044$1,104,258
72$1,580,816$785,300$618,243$1,105,613
73$1,663,340$745,061$560,236$1,106,346
74$1,751,803$700,370$497,805$1,106,479
75$1,846,730$650,932$430,725$1,106,045
76$1,948,703$596,433$358,760$1,105,089
77$2,058,354$536,543$281,663$1,103,667
78$2,176,383$470,910$199,176$1,101,850
79$2,303,556$399,166$111,029$1,099,727
80$2,440,713$320,920$16,944$1,097,403
81$2,588,780$235,759$0$1,095,006
82$2,748,771$143,247$0$1,118,513
83$2,921,804$42,924$0$1,149,551
84$3,109,104$0$0$1,183,178
85$3,312,022$0$0$1,245,044
86$3,532,039$0$0$1,330,159
87$3,770,787$0$0$1,422,636
88$4,030,060$0$0$1,523,185
89$4,311,829$0$0$1,632,587
90$4,618,267$0$0$1,751,700
91$4,951,760$0$0$1,881,469
92$5,314,936$0$0$2,022,934
93$5,710,686$0$0$2,177,239
94$6,142,192$0$0$2,345,644
95$6,612,955$0$0$2,529,536
96$7,126,830$0$0$2,730,441
97$7,688,060$0$0$2,950,040
98$8,301,316$0$0$3,190,182
99$8,971,740$0$0$3,452,904
100$9,704,993$0$0$3,740,450