Can I retire at age 63 with 990,000?

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 $990,000?

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$81,753$81,025$80,315$79,621$78,944$78,611
2 years$40,472$39,718$38,988$38,279$37,592$37,257
3 years$26,713$25,956$25,228$24,526$23,850$23,522
4 years$19,835$19,081$18,359$17,670$17,010$16,691
5 years$15,710$14,959$14,248$13,572$12,931$12,623
6 years$12,960$12,215$11,514$10,854$10,232$9,935
7 years$10,997$10,259$9,568$8,923$8,321$8,035
8 years$9,525$8,793$8,115$7,486$6,903$6,629
9 years$8,381$7,656$6,989$6,376$5,813$5,550
10 years$7,466$6,749$6,093$5,496$4,953$4,701
11 years$6,718$6,008$5,364$4,783$4,260$4,019
12 years$6,095$5,392$4,761$4,196$3,692$3,461
13 years$5,569$4,873$4,253$3,704$3,219$2,999
14 years$5,118$4,430$3,822$3,288$2,822$2,612
15 years$4,727$4,046$3,451$2,932$2,485$2,285
16 years$4,386$3,713$3,128$2,626$2,196$2,006
17 years$4,085$3,419$2,847$2,359$1,947$1,767
18 years$3,818$3,159$2,599$2,126$1,731$1,560
19 years$3,579$2,928$2,379$1,921$1,543$1,381
20 years$3,365$2,721$2,183$1,740$1,378$1,224
21 years$3,171$2,534$2,008$1,579$1,233$1,088
22 years$2,995$2,366$1,851$1,436$1,106$968
23 years$2,834$2,213$1,709$1,308$992$862
24 years$2,687$2,073$1,581$1,193$892$769
25 years$2,552$1,946$1,464$1,089$803$687
26 years$2,428$1,829$1,358$996$723$614
27 years$2,313$1,721$1,261$912$652$549
28 years$2,206$1,622$1,172$835$588$492
29 years$2,107$1,530$1,091$766$531$441
30 years$2,015$1,445$1,016$703$480$395
31 years$1,929$1,366$947$646$434$354
32 years$1,848$1,292$884$593$392$318
33 years$1,773$1,224$825$546$355$285
34 years$1,702$1,160$771$502$322$256
35 years$1,635$1,100$721$462$291$230
36 years$1,572$1,044$674$426$264$207
37 years$1,513$992$631$392$239$186
38 years$1,457$942$591$361$217$167
39 years$1,404$896$554$333$197$150
40 years$1,353$853$519$307$178$135
41 years$1,306$812$487$284$162$122
42 years$1,260$773$456$262$147$109
43 years$1,217$737$428$242$133$98
44 years$1,176$702$402$223$121$89
45 years$1,137$669$378$206$110$80
46 years$1,100$639$355$190$100$72
47 years$1,064$609$333$176$91$65
48 years$1,030$582$313$162$82$58
49 years$998$556$294$150$75$52
50 years$967$531$277$139$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $990,000, adding $4,277 every year, while hoping to spend $45,108 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: 38/38/24 Blend
62$990,000$990,000$990,000$990,000
63$1,095,392$1,042,922$1,027,577$1,129,027
64$1,159,127$1,046,030$1,014,006$1,157,019
65$1,227,852$1,047,779$998,469$1,182,740
66$1,302,027$1,048,055$980,852$1,209,643
67$1,382,159$1,046,735$961,036$1,237,864
68$1,468,806$1,043,691$938,897$1,267,552
69$1,562,579$1,038,787$914,305$1,298,877
70$1,664,151$1,031,877$887,123$1,332,031
71$1,774,263$1,022,807$857,210$1,367,225
72$1,893,728$1,011,415$824,417$1,404,700
73$2,023,440$997,527$788,587$1,444,722
74$2,164,385$980,959$749,559$1,487,590
75$2,317,644$961,519$707,161$1,533,638
76$2,484,410$938,999$661,217$1,583,239
77$2,665,992$913,182$611,540$1,636,809
78$2,863,833$883,838$557,936$1,694,811
79$3,079,520$850,722$500,203$1,757,764
80$3,314,799$813,575$438,128$1,826,243
81$3,571,594$772,126$371,491$1,900,890
82$3,852,021$726,084$300,060$1,982,418
83$4,158,409$675,144$223,593$2,071,621
84$4,493,323$618,982$141,840$2,169,383
85$4,859,587$557,258$54,537$2,276,684
86$5,260,310$489,609$0$2,394,616
87$5,698,916$415,654$0$2,534,280
88$6,179,175$334,991$0$2,702,675
89$6,705,238$247,192$0$2,887,390
90$7,281,676$151,809$0$3,090,158
91$7,913,525$48,365$0$3,312,898
92$8,606,330$0$0$3,557,731
93$9,366,198$0$0$3,853,616
94$10,199,856$0$0$4,200,558
95$11,114,714$0$0$4,581,436
96$12,118,933$0$0$4,999,665
97$13,221,505$0$0$5,459,007
98$14,432,331$0$0$5,963,607
99$15,762,322$0$0$6,518,032
100$17,223,495$0$0$7,127,311