Can I retire at age 63 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$78,615$77,915$77,232$76,565$75,914$75,121
2 years$38,918$38,194$37,491$36,810$36,149$35,351
3 years$25,688$24,960$24,259$23,585$22,935$22,156
4 years$19,074$18,348$17,655$16,991$16,357$15,603
5 years$15,107$14,385$13,701$13,051$12,434$11,708
6 years$12,463$11,747$11,072$10,437$9,839$9,141
7 years$10,575$9,865$9,201$8,581$8,002$7,332
8 years$9,159$8,456$7,803$7,198$6,638$5,997
9 years$8,059$7,362$6,721$6,131$5,590$4,978
10 years$7,180$6,490$5,859$5,285$4,763$4,178
11 years$6,460$5,777$5,159$4,600$4,097$3,539
12 years$5,862$5,185$4,578$4,035$3,550$3,019
13 years$5,355$4,686$4,090$3,562$3,096$2,591
14 years$4,921$4,260$3,675$3,162$2,714$2,235
15 years$4,546$3,891$3,318$2,820$2,389$1,935
16 years$4,218$3,570$3,008$2,525$2,112$1,682
17 years$3,928$3,288$2,737$2,269$1,872$1,466
18 years$3,671$3,038$2,499$2,044$1,665$1,281
19 years$3,442$2,816$2,288$1,847$1,484$1,121
20 years$3,236$2,617$2,100$1,673$1,325$984
21 years$3,049$2,437$1,931$1,518$1,186$864
22 years$2,880$2,275$1,780$1,381$1,063$761
23 years$2,725$2,128$1,643$1,257$954$670
24 years$2,584$1,994$1,520$1,147$858$591
25 years$2,454$1,871$1,408$1,047$772$522
26 years$2,335$1,758$1,306$958$695$461
27 years$2,224$1,655$1,212$877$627$407
28 years$2,122$1,559$1,127$803$566$360
29 years$2,027$1,471$1,049$736$511$319
30 years$1,938$1,389$977$676$461$282
31 years$1,855$1,313$911$621$417$250
32 years$1,778$1,243$850$570$377$222
33 years$1,705$1,177$793$525$342$197
34 years$1,637$1,115$741$483$309$174
35 years$1,572$1,058$693$444$280$155
36 years$1,512$1,004$648$409$254$137
37 years$1,455$954$607$377$230$122
38 years$1,401$906$568$348$209$108
39 years$1,350$862$532$320$189$96
40 years$1,302$820$499$296$172$85
41 years$1,256$781$468$273$156$76
42 years$1,212$743$439$252$141$67
43 years$1,171$708$412$232$128$60
44 years$1,131$675$387$214$116$53
45 years$1,094$644$363$198$106$47
46 years$1,058$614$341$183$96$42
47 years$1,023$586$320$169$87$37
48 years$991$559$301$156$79$33
49 years$959$534$283$144$72$29
50 years$929$510$266$133$65$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $952,000, adding $2,279 every year, while hoping to spend $56,896 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: 35/48/17 Blend
62$952,000$952,000$952,000$952,000
63$1,051,455$1,000,999$986,243$1,082,694
64$1,098,166$989,511$958,745$1,094,178
65$1,147,735$975,553$928,419$1,101,064
66$1,200,394$958,944$895,110$1,107,287
67$1,256,394$939,493$858,657$1,112,819
68$1,316,014$916,995$818,889$1,117,636
69$1,379,556$891,237$775,631$1,121,714
70$1,447,352$861,989$728,696$1,125,034
71$1,519,767$829,012$677,892$1,127,583
72$1,597,199$792,049$623,018$1,129,350
73$1,680,085$750,831$563,860$1,130,330
74$1,768,905$705,073$500,201$1,130,526
75$1,864,183$654,472$431,808$1,129,949
76$1,966,498$598,709$358,442$1,128,619
77$2,076,483$537,448$279,851$1,126,565
78$2,194,832$470,331$195,774$1,123,831
79$2,322,309$396,981$105,937$1,120,472
80$2,459,752$317,000$10,053$1,116,563
81$2,608,082$229,969$0$1,112,195
82$2,768,311$135,442$0$1,124,216
83$2,941,551$32,951$0$1,139,059
84$3,129,024$0$0$1,155,120
85$3,332,074$0$0$1,213,854
86$3,552,176$0$0$1,296,500
87$3,790,957$0$0$1,386,281
88$4,050,202$0$0$1,483,881
89$4,331,875$0$0$1,590,056
90$4,638,139$0$0$1,705,639
91$4,971,370$0$0$1,831,542
92$5,334,185$0$0$1,968,774
93$5,729,464$0$0$2,118,441
94$6,160,373$0$0$2,281,763
95$6,630,400$0$0$2,460,082
96$7,143,382$0$0$2,654,876
97$7,703,544$0$0$2,867,770
98$8,315,536$0$0$3,100,555
99$8,984,477$0$0$3,355,204
100$9,716,004$0$0$3,633,885