Can I retire at age 63 with 899,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$74,239$73,577$72,932$72,302$71,688$70,529
2 years$36,752$36,067$35,404$34,761$34,137$32,973
3 years$24,258$23,570$22,909$22,272$21,658$20,525
4 years$18,012$17,327$16,672$16,045$15,447$14,353
5 years$14,266$13,584$12,938$12,324$11,742$10,691
6 years$11,769$11,093$10,456$9,856$9,291$8,284
7 years$9,986$9,316$8,689$8,103$7,556$6,593
8 years$8,650$7,985$7,369$6,797$6,269$5,349
9 years$7,611$6,953$6,347$5,790$5,279$4,403
10 years$6,780$6,128$5,533$4,991$4,498$3,665
11 years$6,101$5,456$4,871$4,344$3,868$3,077
12 years$5,535$4,897$4,323$3,810$3,352$2,602
13 years$5,057$4,425$3,862$3,364$2,923$2,213
14 years$4,647$4,022$3,470$2,986$2,563$1,891
15 years$4,293$3,675$3,133$2,663$2,256$1,622
16 years$3,983$3,371$2,841$2,384$1,994$1,396
17 years$3,710$3,105$2,585$2,142$1,768$1,204
18 years$3,467$2,869$2,360$1,931$1,572$1,042
19 years$3,250$2,659$2,160$1,744$1,401$903
20 years$3,055$2,471$1,983$1,580$1,252$784
21 years$2,879$2,302$1,824$1,434$1,120$682
22 years$2,719$2,148$1,681$1,304$1,004$593
23 years$2,574$2,009$1,552$1,187$901$517
24 years$2,440$1,883$1,435$1,083$810$451
25 years$2,318$1,767$1,329$989$729$394
26 years$2,205$1,660$1,233$904$657$344
27 years$2,100$1,563$1,145$828$592$301
28 years$2,004$1,473$1,064$758$534$263
29 years$1,914$1,389$990$695$482$230
30 years$1,830$1,312$923$638$436$202
31 years$1,752$1,240$860$586$394$177
32 years$1,679$1,173$802$539$356$155
33 years$1,610$1,111$749$495$323$136
34 years$1,546$1,053$700$456$292$119
35 years$1,485$999$654$420$265$104
36 years$1,428$948$612$386$240$91
37 years$1,374$901$573$356$217$80
38 years$1,323$856$537$328$197$70
39 years$1,275$814$503$303$179$62
40 years$1,229$774$471$279$162$54
41 years$1,186$737$442$258$147$47
42 years$1,145$702$415$238$133$42
43 years$1,105$669$389$219$121$37
44 years$1,068$638$365$203$110$32
45 years$1,033$608$343$187$100$28
46 years$999$580$322$173$91$25
47 years$966$553$302$160$82$22
48 years$936$528$284$148$75$19
49 years$906$505$267$136$68$17
50 years$878$482$251$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $899,000, adding $6,437 every year, while hoping to spend $38,976 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: 62/33/5 Blend
62$899,000$899,000$899,000$899,000
63$997,338$949,691$935,756$1,057,992
64$1,057,596$954,755$925,634$1,104,294
65$1,122,694$958,762$913,866$1,149,657
66$1,193,085$961,617$900,357$1,198,150
67$1,269,266$963,223$885,005$1,250,075
68$1,351,784$963,473$867,705$1,305,764
69$1,441,239$962,257$848,347$1,365,582
70$1,538,294$959,456$826,815$1,429,935
71$1,643,675$954,944$802,988$1,499,270
72$1,758,181$948,588$776,739$1,574,080
73$1,882,693$940,246$747,938$1,654,911
74$2,018,178$929,769$716,444$1,742,366
75$2,165,702$916,997$682,114$1,837,109
76$2,326,435$901,761$644,797$1,939,875
77$2,501,668$883,884$604,334$2,051,476
78$2,692,820$863,176$560,561$2,172,806
79$2,901,453$839,437$513,305$2,304,856
80$3,129,286$812,454$462,385$2,448,717
81$3,378,212$782,004$407,615$2,605,597
82$3,650,316$747,848$348,796$2,776,825
83$3,947,891$709,736$285,724$2,963,873
84$4,273,464$667,401$218,184$3,168,363
85$4,629,817$620,563$145,952$3,392,088
86$5,020,012$568,924$68,795$3,637,025
87$5,447,423$512,171$0$3,905,358
88$5,915,763$449,970$0$4,200,220
89$6,429,125$381,973$0$4,527,511
90$6,992,012$307,806$0$4,886,508
91$7,609,389$227,080$0$5,280,465
92$8,286,720$139,380$0$5,712,974
93$9,030,026$44,270$0$6,187,998
94$9,845,938$0$0$6,709,907
95$10,741,760$0$0$7,304,843
96$11,725,540$0$0$7,975,919
97$12,806,141$0$0$8,713,113
98$13,993,328$0$0$9,523,095
99$15,297,859$0$0$10,413,215
100$16,731,584$0$0$11,391,568