Can I retire at age 63 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$82,496$81,762$81,045$80,345$79,662$78,149
2 years$40,840$40,079$39,342$38,627$37,934$36,416
3 years$26,956$26,192$25,457$24,749$24,067$22,591
4 years$20,016$19,254$18,526$17,830$17,165$15,742
5 years$15,852$15,095$14,377$13,695$13,048$11,683
6 years$13,078$12,327$11,619$10,952$10,325$9,018
7 years$11,097$10,352$9,655$9,004$8,397$7,149
8 years$9,612$8,873$8,188$7,554$6,966$5,777
9 years$8,457$7,726$7,053$6,434$5,866$4,736
10 years$7,534$6,810$6,149$5,546$4,998$3,925
11 years$6,779$6,063$5,413$4,827$4,299$3,281
12 years$6,151$5,441$4,804$4,234$3,725$2,762
13 years$5,620$4,917$4,292$3,738$3,248$2,338
14 years$5,164$4,470$3,857$3,318$2,848$1,988
15 years$4,770$4,083$3,482$2,959$2,507$1,697
16 years$4,426$3,746$3,157$2,650$2,216$1,453
17 years$4,122$3,450$2,873$2,381$1,965$1,248
18 years$3,853$3,188$2,622$2,145$1,747$1,074
19 years$3,612$2,955$2,401$1,939$1,557$926
20 years$3,395$2,746$2,203$1,756$1,391$800
21 years$3,200$2,558$2,026$1,593$1,245$692
22 years$3,022$2,387$1,868$1,449$1,116$599
23 years$2,860$2,233$1,725$1,319$1,001$519
24 years$2,712$2,092$1,595$1,203$900$450
25 years$2,576$1,963$1,477$1,099$810$391
26 years$2,450$1,845$1,370$1,005$730$340
27 years$2,334$1,736$1,272$920$658$295
28 years$2,227$1,636$1,183$843$594$257
29 years$2,127$1,544$1,101$773$536$224
30 years$2,034$1,458$1,025$709$484$195
31 years$1,947$1,378$956$651$438$169
32 years$1,865$1,304$892$599$396$148
33 years$1,789$1,235$833$550$358$129
34 years$1,717$1,170$778$507$325$112
35 years$1,650$1,110$727$466$294$98
36 years$1,587$1,054$680$429$266$85
37 years$1,527$1,001$637$396$241$74
38 years$1,470$951$596$365$219$65
39 years$1,417$904$559$336$198$56
40 years$1,366$860$524$310$180$49
41 years$1,318$819$491$286$163$43
42 years$1,272$780$461$264$148$37
43 years$1,228$743$432$244$134$33
44 years$1,187$708$406$225$122$28
45 years$1,147$676$381$208$111$25
46 years$1,110$644$358$192$101$22
47 years$1,074$615$336$177$91$19
48 years$1,040$587$316$164$83$16
49 years$1,007$561$297$151$75$14
50 years$975$536$279$140$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $999,000, adding $2,687 every year, while hoping to spend $23,166 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: 44/47/9 Blend
62$999,000$999,000$999,000$999,000
63$1,103,670$1,050,723$1,035,238$1,149,281
64$1,191,595$1,077,560$1,045,270$1,208,024
65$1,287,713$1,104,935$1,054,862$1,269,074
66$1,392,834$1,132,851$1,063,974$1,334,713
67$1,507,852$1,161,309$1,072,565$1,405,371
68$1,633,748$1,190,309$1,080,592$1,481,520
69$1,771,608$1,219,851$1,088,009$1,563,683
70$1,922,622$1,249,934$1,094,768$1,652,432
71$2,088,105$1,280,556$1,100,818$1,748,398
72$2,269,502$1,311,714$1,106,105$1,852,275
73$2,468,407$1,343,403$1,110,575$1,964,830
74$2,686,573$1,375,619$1,114,169$2,086,905
75$2,925,934$1,408,355$1,116,823$2,219,428
76$3,188,617$1,441,602$1,118,475$2,363,421
77$3,476,968$1,475,352$1,119,056$2,520,010
78$3,793,568$1,509,594$1,118,494$2,690,436
79$4,141,263$1,544,316$1,116,714$2,876,064
80$4,523,186$1,579,502$1,113,639$3,078,401
81$4,942,791$1,615,137$1,109,185$3,299,104
82$5,403,879$1,651,202$1,103,267$3,540,001
83$5,910,642$1,687,678$1,095,793$3,803,105
84$6,467,695$1,724,542$1,086,670$4,090,634
85$7,080,124$1,761,768$1,075,797$4,405,033
86$7,753,531$1,799,329$1,063,071$4,748,996
87$8,494,090$1,837,195$1,048,382$5,125,489
88$9,308,601$1,875,331$1,031,617$5,537,785
89$10,204,557$1,913,702$1,012,655$5,989,486
90$11,190,216$1,952,267$991,373$6,484,566
91$12,274,672$1,990,983$967,639$7,027,401
92$13,467,950$2,029,802$941,315$7,622,815
93$14,781,091$2,068,673$912,260$8,276,124
94$16,226,264$2,107,539$880,322$8,993,187
95$17,816,877$2,146,342$845,346$9,780,460
96$19,567,700$2,185,016$807,168$10,645,060
97$21,495,014$2,223,489$765,616$11,594,828
98$23,616,752$2,261,687$720,512$12,638,407
99$25,952,680$2,299,529$671,667$13,785,323
100$28,524,573$2,336,925$618,888$15,046,074