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%16%
1 years$74,321$73,659$73,013$72,383$71,767$70,004
2 years$36,793$36,107$35,443$34,799$34,175$32,409
3 years$24,285$23,597$22,934$22,296$21,682$19,969
4 years$18,032$17,346$16,690$16,063$15,464$13,817
5 years$14,281$13,599$12,952$12,338$11,755$10,179
6 years$11,782$11,105$10,467$9,867$9,302$7,798
7 years$9,997$9,326$8,698$8,112$7,565$6,133
8 years$8,659$7,994$7,377$6,805$6,276$4,916
9 years$7,619$6,960$6,354$5,796$5,285$3,996
10 years$6,787$6,135$5,539$4,997$4,503$3,283
11 years$6,108$5,462$4,877$4,348$3,873$2,720
12 years$5,541$4,902$4,328$3,814$3,356$2,269
13 years$5,063$4,430$3,867$3,367$2,927$1,903
14 years$4,653$4,027$3,474$2,989$2,565$1,603
15 years$4,298$3,679$3,137$2,666$2,259$1,355
16 years$3,987$3,375$2,844$2,387$1,996$1,149
17 years$3,714$3,108$2,588$2,145$1,770$977
18 years$3,471$2,872$2,362$1,933$1,574$832
19 years$3,254$2,662$2,163$1,746$1,403$710
20 years$3,059$2,474$1,985$1,582$1,253$607
21 years$2,883$2,304$1,826$1,436$1,121$519
22 years$2,722$2,151$1,683$1,305$1,005$445
23 years$2,577$2,012$1,554$1,189$902$381
24 years$2,443$1,885$1,437$1,084$811$327
25 years$2,320$1,769$1,331$990$730$281
26 years$2,207$1,662$1,234$905$657$241
27 years$2,103$1,564$1,146$829$593$207
28 years$2,006$1,474$1,065$759$535$178
29 years$1,916$1,391$991$696$483$153
30 years$1,832$1,313$924$639$436$132
31 years$1,754$1,242$861$587$394$114
32 years$1,680$1,175$803$539$357$98
33 years$1,612$1,113$750$496$323$84
34 years$1,547$1,054$701$456$292$73
35 years$1,487$1,000$655$420$265$62
36 years$1,429$949$613$387$240$54
37 years$1,375$902$574$356$217$46
38 years$1,324$857$537$329$197$40
39 years$1,276$815$503$303$179$34
40 years$1,230$775$472$279$162$30
41 years$1,187$738$442$258$147$26
42 years$1,146$703$415$238$133$22
43 years$1,107$670$389$220$121$19
44 years$1,069$638$366$203$110$16
45 years$1,034$609$343$187$100$14
46 years$1,000$581$322$173$91$12
47 years$968$554$303$160$82$10
48 years$937$529$285$148$75$9
49 years$907$505$267$136$68$8
50 years$879$482$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $900,000, adding $3,954 every year, while hoping to spend $29,843 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: 61/28/11 Blend
62$900,000$900,000$900,000$900,000
63$995,879$948,179$934,229$1,053,832
64$1,065,705$962,887$933,772$1,107,892
65$1,141,654$977,315$932,301$1,163,097
66$1,224,319$991,419$929,748$1,222,600
67$1,314,350$1,005,150$926,046$1,286,817
68$1,412,467$1,018,455$921,122$1,356,209
69$1,519,460$1,031,281$914,901$1,431,282
70$1,636,198$1,043,566$907,303$1,512,594
71$1,763,639$1,055,250$898,246$1,600,759
72$1,902,835$1,066,262$887,643$1,696,459
73$2,054,948$1,076,533$875,402$1,800,439
74$2,221,254$1,085,985$861,430$1,913,526
75$2,403,160$1,094,535$845,625$2,036,630
76$2,602,213$1,102,098$827,885$2,170,754
77$2,820,118$1,108,581$808,098$2,317,005
78$3,058,753$1,113,884$786,152$2,476,601
79$3,320,184$1,117,902$761,927$2,650,890
80$3,606,689$1,120,526$735,297$2,841,354
81$3,920,774$1,121,634$706,133$3,049,629
82$4,265,201$1,121,103$674,296$3,277,520
83$4,643,012$1,118,797$639,646$3,527,015
84$5,057,557$1,114,576$602,031$3,800,307
85$5,512,525$1,108,288$561,297$4,099,816
86$6,011,982$1,099,773$517,279$4,428,209
87$6,560,405$1,088,862$469,809$4,788,426
88$7,162,725$1,075,375$418,706$5,183,709
89$7,824,376$1,059,122$363,786$5,617,635
90$8,551,345$1,039,901$304,855$6,094,145
91$9,350,223$1,017,498$241,709$6,617,586
92$10,228,277$991,686$174,137$7,192,752
93$11,193,508$962,225$101,918$7,824,926
94$12,254,735$928,863$24,821$8,519,936
95$13,421,670$891,330$0$9,284,204
96$14,705,017$849,341$0$10,131,557
97$16,116,566$802,597$0$11,066,607
98$17,669,311$750,779$0$12,095,078
99$19,377,564$693,550$0$13,226,493
100$21,257,097$630,556$0$14,471,350