Can I retire at age 63 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$74,073$73,414$72,770$72,142$71,528$70,988
2 years$36,670$35,987$35,325$34,683$34,061$33,517
3 years$24,204$23,518$22,858$22,222$21,610$21,078
4 years$17,972$17,288$16,635$16,010$15,412$14,897
5 years$14,234$13,554$12,909$12,297$11,716$11,219
6 years$11,743$11,068$10,432$9,834$9,271$8,792
7 years$9,964$9,295$8,669$8,085$7,539$7,080
8 years$8,630$7,967$7,352$6,782$6,255$5,814
9 years$7,594$6,937$6,333$5,777$5,267$4,845
10 years$6,765$6,115$5,521$4,980$4,488$4,084
11 years$6,087$5,444$4,861$4,334$3,860$3,475
12 years$5,523$4,886$4,314$3,802$3,345$2,977
13 years$5,046$4,415$3,854$3,356$2,917$2,567
14 years$4,637$4,013$3,463$2,979$2,557$2,224
15 years$4,283$3,666$3,126$2,657$2,251$1,935
16 years$3,974$3,364$2,835$2,379$1,990$1,690
17 years$3,701$3,098$2,579$2,138$1,764$1,480
18 years$3,459$2,863$2,355$1,926$1,569$1,299
19 years$3,243$2,653$2,156$1,741$1,398$1,144
20 years$3,049$2,465$1,978$1,576$1,249$1,008
21 years$2,873$2,296$1,820$1,431$1,118$891
22 years$2,713$2,144$1,677$1,301$1,002$788
23 years$2,568$2,005$1,548$1,185$899$698
24 years$2,435$1,878$1,432$1,081$808$619
25 years$2,313$1,763$1,326$987$727$549
26 years$2,200$1,657$1,230$902$655$488
27 years$2,096$1,559$1,142$826$591$434
28 years$1,999$1,469$1,062$757$533$386
29 years$1,909$1,386$988$694$481$343
30 years$1,826$1,309$920$637$435$306
31 years$1,748$1,237$858$585$393$272
32 years$1,675$1,171$801$538$356$243
33 years$1,606$1,109$748$494$322$217
34 years$1,542$1,051$698$455$291$193
35 years$1,482$997$653$419$264$172
36 years$1,425$946$611$386$239$154
37 years$1,371$899$572$355$217$137
38 years$1,320$854$535$327$196$123
39 years$1,272$812$502$302$178$110
40 years$1,226$773$470$278$162$98
41 years$1,183$735$441$257$147$87
42 years$1,142$700$414$237$133$78
43 years$1,103$667$388$219$121$70
44 years$1,066$636$364$202$110$62
45 years$1,030$607$342$187$99$56
46 years$997$579$321$172$90$50
47 years$964$552$302$159$82$45
48 years$933$527$284$147$74$40
49 years$904$503$267$136$68$36
50 years$876$481$251$126$61$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $897,000, adding $3,444 every year, while hoping to spend $41,277 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: 71/14/15 Blend
62$897,000$897,000$897,000$897,000
63$992,046$944,505$930,602$1,058,874
64$1,049,317$946,868$917,859$1,106,057
65$1,111,045$947,963$903,305$1,152,376
66$1,177,643$947,684$886,837$1,202,010
67$1,249,562$945,920$868,345$1,255,279
68$1,327,298$942,550$847,716$1,312,536
69$1,411,397$937,450$824,829$1,374,172
70$1,502,459$930,484$799,560$1,440,616
71$1,601,143$921,511$771,778$1,512,344
72$1,708,173$910,379$741,347$1,589,880
73$1,824,348$896,929$708,123$1,673,800
74$1,950,543$880,990$671,957$1,764,745
75$2,087,724$862,384$632,693$1,863,418
76$2,236,952$840,921$590,168$1,970,596
77$2,399,394$816,399$544,211$2,087,137
78$2,576,334$788,604$494,645$2,213,988
79$2,769,187$757,313$441,282$2,352,191
80$2,979,507$722,285$383,928$2,502,901
81$3,209,008$683,268$322,381$2,667,387
82$3,459,575$639,995$256,428$2,847,054
83$3,733,281$592,185$185,849$3,043,448
84$4,032,412$539,538$110,410$3,258,277
85$4,359,481$481,739$29,873$3,493,426
86$4,717,258$418,454$0$3,750,973
87$5,108,792$349,331$0$4,042,185
88$5,537,438$273,998$0$4,366,304
89$6,006,894$192,062$0$4,721,376
90$6,521,231$103,106$0$5,110,527
91$7,084,932$6,694$0$5,537,200
92$7,702,934$0$0$6,005,188
93$8,380,675$0$0$6,533,718
94$9,124,145$0$0$7,114,684
95$9,939,942$0$0$7,752,217
96$10,835,331$0$0$8,452,000
97$11,818,318$0$0$9,220,297
98$12,897,720$0$0$10,064,004
99$14,083,250$0$0$10,990,723
100$15,385,607$0$0$12,008,822