Can I retire at age 63 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$74,321$73,659$73,013$72,383$71,767$70,520
2 years$36,793$36,107$35,443$34,799$34,175$32,923
3 years$24,285$23,597$22,934$22,296$21,682$20,463
4 years$18,032$17,346$16,690$16,063$15,464$14,288
5 years$14,281$13,599$12,952$12,338$11,755$10,626
6 years$11,782$11,105$10,467$9,867$9,302$8,220
7 years$9,997$9,326$8,698$8,112$7,565$6,532
8 years$8,659$7,994$7,377$6,805$6,276$5,290
9 years$7,619$6,960$6,354$5,796$5,285$4,347
10 years$6,787$6,135$5,539$4,997$4,503$3,612
11 years$6,108$5,462$4,877$4,348$3,873$3,027
12 years$5,541$4,902$4,328$3,814$3,356$2,554
13 years$5,063$4,430$3,867$3,367$2,927$2,168
14 years$4,653$4,027$3,474$2,989$2,565$1,849
15 years$4,298$3,679$3,137$2,666$2,259$1,582
16 years$3,987$3,375$2,844$2,387$1,996$1,359
17 years$3,714$3,108$2,588$2,145$1,770$1,170
18 years$3,471$2,872$2,362$1,933$1,574$1,010
19 years$3,254$2,662$2,163$1,746$1,403$874
20 years$3,059$2,474$1,985$1,582$1,253$757
21 years$2,883$2,304$1,826$1,436$1,121$656
22 years$2,722$2,151$1,683$1,305$1,005$570
23 years$2,577$2,012$1,554$1,189$902$496
24 years$2,443$1,885$1,437$1,084$811$431
25 years$2,320$1,769$1,331$990$730$376
26 years$2,207$1,662$1,234$905$657$328
27 years$2,103$1,564$1,146$829$593$286
28 years$2,006$1,474$1,065$759$535$249
29 years$1,916$1,391$991$696$483$218
30 years$1,832$1,313$924$639$436$190
31 years$1,754$1,242$861$587$394$166
32 years$1,680$1,175$803$539$357$145
33 years$1,612$1,113$750$496$323$127
34 years$1,547$1,054$701$456$292$111
35 years$1,487$1,000$655$420$265$97
36 years$1,429$949$613$387$240$85
37 years$1,375$902$574$356$217$74
38 years$1,324$857$537$329$197$65
39 years$1,276$815$503$303$179$57
40 years$1,230$775$472$279$162$50
41 years$1,187$738$442$258$147$43
42 years$1,146$703$415$238$133$38
43 years$1,107$670$389$220$121$33
44 years$1,069$638$366$203$110$29
45 years$1,034$609$343$187$100$26
46 years$1,000$581$322$173$91$22
47 years$968$554$303$160$82$20
48 years$937$529$285$148$75$17
49 years$907$505$267$136$68$15
50 years$879$482$251$126$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $900,000, adding $5,811 every year, while hoping to spend $33,306 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: 43/39/18 Blend
62$900,000$900,000$900,000$900,000
63$997,794$950,094$936,144$1,035,245
64$1,064,132$961,211$932,068$1,073,328
65$1,136,120$971,757$926,738$1,110,840
66$1,214,299$981,668$920,079$1,150,782
67$1,299,264$990,877$912,009$1,193,392
68$1,391,672$999,312$902,443$1,238,936
69$1,492,240$1,006,897$891,293$1,287,707
70$1,601,764$1,013,550$878,467$1,340,032
71$1,721,114$1,019,184$863,866$1,396,268
72$1,851,251$1,023,707$847,389$1,456,816
73$1,993,231$1,027,022$828,929$1,522,116
74$2,148,218$1,029,023$808,375$1,592,655
75$2,317,491$1,029,600$785,610$1,668,973
76$2,502,460$1,028,635$760,513$1,751,667
77$2,704,676$1,026,004$732,956$1,841,397
78$2,925,848$1,021,572$702,804$1,938,895
79$3,167,856$1,015,201$669,920$2,044,968
80$3,432,771$1,006,739$634,156$2,160,508
81$3,722,874$996,030$595,360$2,286,505
82$4,040,676$982,905$553,374$2,424,048
83$4,388,944$967,185$508,030$2,574,347
84$4,770,722$948,683$459,155$2,738,733
85$5,189,366$927,199$406,567$2,918,683
86$5,648,570$902,521$350,077$3,115,825
87$6,152,406$874,426$289,485$3,331,958
88$6,705,354$842,676$224,586$3,569,073
89$7,312,353$807,020$155,162$3,829,365
90$7,978,842$767,193$80,990$4,115,263
91$8,710,813$722,914$1,832$4,429,447
92$9,514,866$673,887$0$4,774,877
93$10,398,272$619,797$0$5,170,696
94$11,369,041$560,313$0$5,606,048
95$12,435,999$495,084$0$6,084,620
96$13,608,867$423,739$0$6,610,865
97$14,898,356$345,887$0$7,189,700
98$16,316,266$261,113$0$7,826,545
99$17,875,599$168,982$0$8,527,384
100$19,590,679$69,030$0$9,298,814