Can I retire at age 63 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$74,239$73,577$72,932$72,302$71,688$68,925
2 years$36,752$36,067$35,404$34,761$34,137$31,387
3 years$24,258$23,570$22,909$22,272$21,658$19,006
4 years$18,012$17,327$16,672$16,045$15,447$12,914
5 years$14,266$13,584$12,938$12,324$11,742$9,335
6 years$11,769$11,093$10,456$9,856$9,291$7,011
7 years$9,986$9,316$8,689$8,103$7,556$5,403
8 years$8,650$7,985$7,369$6,797$6,269$4,240
9 years$7,611$6,953$6,347$5,790$5,279$3,371
10 years$6,780$6,128$5,533$4,991$4,498$2,708
11 years$6,101$5,456$4,871$4,344$3,868$2,192
12 years$5,535$4,897$4,323$3,810$3,352$1,786
13 years$5,057$4,425$3,862$3,364$2,923$1,461
14 years$4,647$4,022$3,470$2,986$2,563$1,201
15 years$4,293$3,675$3,133$2,663$2,256$989
16 years$3,983$3,371$2,841$2,384$1,994$817
17 years$3,710$3,105$2,585$2,142$1,768$677
18 years$3,467$2,869$2,360$1,931$1,572$561
19 years$3,250$2,659$2,160$1,744$1,401$466
20 years$3,055$2,471$1,983$1,580$1,252$388
21 years$2,879$2,302$1,824$1,434$1,120$322
22 years$2,719$2,148$1,681$1,304$1,004$269
23 years$2,574$2,009$1,552$1,187$901$224
24 years$2,440$1,883$1,435$1,083$810$187
25 years$2,318$1,767$1,329$989$729$156
26 years$2,205$1,660$1,233$904$657$130
27 years$2,100$1,563$1,145$828$592$108
28 years$2,004$1,473$1,064$758$534$91
29 years$1,914$1,389$990$695$482$76
30 years$1,830$1,312$923$638$436$63
31 years$1,752$1,240$860$586$394$53
32 years$1,679$1,173$802$539$356$44
33 years$1,610$1,111$749$495$323$37
34 years$1,546$1,053$700$456$292$31
35 years$1,485$999$654$420$265$26
36 years$1,428$948$612$386$240$22
37 years$1,374$901$573$356$217$18
38 years$1,323$856$537$328$197$15
39 years$1,275$814$503$303$179$13
40 years$1,229$774$471$279$162$11
41 years$1,186$737$442$258$147$9
42 years$1,145$702$415$238$133$7
43 years$1,105$669$389$219$121$6
44 years$1,068$638$365$203$110$5
45 years$1,033$608$343$187$100$4
46 years$999$580$322$173$91$4
47 years$966$553$302$160$82$3
48 years$936$528$284$148$75$3
49 years$906$505$267$136$68$2
50 years$878$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $899,000, adding $2,607 every year, while hoping to spend $53,400 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: 50/38/12 Blend
62$899,000$899,000$899,000$899,000
63$993,387$945,740$931,806$1,039,712
64$1,037,895$935,264$906,204$1,061,267
65$1,085,154$922,485$877,955$1,078,841
66$1,135,386$907,234$846,913$1,096,725
67$1,188,839$889,331$812,928$1,114,966
68$1,245,779$868,587$775,839$1,133,616
69$1,306,500$844,800$735,482$1,152,736
70$1,371,326$817,757$691,683$1,172,397
71$1,440,607$787,234$644,261$1,192,682
72$1,514,732$752,991$593,026$1,213,684
73$1,594,124$714,777$537,782$1,235,514
74$1,679,248$672,324$478,321$1,258,294
75$1,770,614$625,351$414,427$1,282,168
76$1,868,782$573,558$345,876$1,307,296
77$1,974,366$516,631$272,431$1,333,864
78$2,088,041$454,236$193,848$1,362,078
79$2,210,548$386,021$109,869$1,392,176
80$2,342,702$311,613$20,226$1,424,425
81$2,485,395$230,620$0$1,459,125
82$2,639,610$142,625$0$1,506,276
83$2,806,428$47,192$0$1,559,993
84$2,987,035$0$0$1,618,153
85$3,182,736$0$0$1,704,757
86$3,394,966$0$0$1,820,154
87$3,625,302$0$0$1,945,480
88$3,875,480$0$0$2,081,688
89$4,147,408$0$0$2,229,829
90$4,443,188$0$0$2,391,058
91$4,765,128$0$0$2,566,647
92$5,115,771$0$0$2,757,995
93$5,497,915$0$0$2,966,641
94$5,914,638$0$0$3,194,280
95$6,369,328$0$0$3,442,777
96$6,865,716$0$0$3,714,185
97$7,407,908$0$0$4,010,765
98$8,000,422$0$0$4,335,004
99$8,648,235$0$0$4,689,642
100$9,356,826$0$0$5,077,697