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%13.2%
1 years$74,321$73,659$73,013$72,383$71,767$70,812
2 years$36,793$36,107$35,443$34,799$34,175$33,214
3 years$24,285$23,597$22,934$22,296$21,682$20,745
4 years$18,032$17,346$16,690$16,063$15,464$14,558
5 years$14,281$13,599$12,952$12,338$11,755$10,884
6 years$11,782$11,105$10,467$9,867$9,302$8,465
7 years$9,997$9,326$8,698$8,112$7,565$6,764
8 years$8,659$7,994$7,377$6,805$6,276$5,510
9 years$7,619$6,960$6,354$5,796$5,285$4,555
10 years$6,787$6,135$5,539$4,997$4,503$3,807
11 years$6,108$5,462$4,877$4,348$3,873$3,211
12 years$5,541$4,902$4,328$3,814$3,356$2,727
13 years$5,063$4,430$3,867$3,367$2,927$2,330
14 years$4,653$4,027$3,474$2,989$2,565$2,000
15 years$4,298$3,679$3,137$2,666$2,259$1,724
16 years$3,987$3,375$2,844$2,387$1,996$1,491
17 years$3,714$3,108$2,588$2,145$1,770$1,293
18 years$3,471$2,872$2,362$1,933$1,574$1,124
19 years$3,254$2,662$2,163$1,746$1,403$979
20 years$3,059$2,474$1,985$1,582$1,253$855
21 years$2,883$2,304$1,826$1,436$1,121$747
22 years$2,722$2,151$1,683$1,305$1,005$654
23 years$2,577$2,012$1,554$1,189$902$573
24 years$2,443$1,885$1,437$1,084$811$502
25 years$2,320$1,769$1,331$990$730$441
26 years$2,207$1,662$1,234$905$657$388
27 years$2,103$1,564$1,146$829$593$341
28 years$2,006$1,474$1,065$759$535$300
29 years$1,916$1,391$991$696$483$264
30 years$1,832$1,313$924$639$436$232
31 years$1,754$1,242$861$587$394$205
32 years$1,680$1,175$803$539$357$180
33 years$1,612$1,113$750$496$323$159
34 years$1,547$1,054$701$456$292$140
35 years$1,487$1,000$655$420$265$124
36 years$1,429$949$613$387$240$109
37 years$1,375$902$574$356$217$96
38 years$1,324$857$537$329$197$85
39 years$1,276$815$503$303$179$75
40 years$1,230$775$472$279$162$66
41 years$1,187$738$442$258$147$58
42 years$1,146$703$415$238$133$51
43 years$1,107$670$389$220$121$45
44 years$1,069$638$366$203$110$40
45 years$1,034$609$343$187$100$35
46 years$1,000$581$322$173$91$31
47 years$968$554$303$160$82$28
48 years$937$529$285$148$75$24
49 years$907$505$267$136$68$22
50 years$879$482$251$126$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $900,000, adding $4,641 every year, while hoping to spend $54,152 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: 56/39/5 Blend
62$900,000$900,000$900,000$900,000
63$996,587$948,887$934,937$1,051,153
64$1,040,622$937,765$908,640$1,077,280
65$1,087,333$924,284$879,647$1,099,234
66$1,136,937$908,269$847,811$1,121,795
67$1,189,669$889,539$812,978$1,145,025
68$1,245,787$867,899$774,985$1,168,995
69$1,305,576$843,144$733,665$1,193,789
70$1,369,343$815,057$688,841$1,219,499
71$1,437,428$783,407$640,330$1,246,231
72$1,510,204$747,951$587,938$1,274,106
73$1,588,076$708,432$531,466$1,303,257
74$1,671,492$664,577$470,702$1,333,840
75$1,760,941$616,099$405,427$1,366,028
76$1,856,961$562,692$335,414$1,400,016
77$1,960,142$504,035$260,421$1,436,024
78$2,071,132$439,788$180,200$1,474,299
79$2,190,640$369,590$94,490$1,515,121
80$2,319,448$293,063$3,018$1,558,802
81$2,458,414$209,805$0$1,605,692
82$2,608,479$119,393$0$1,661,231
83$2,770,680$21,378$0$1,721,312
84$2,946,152$0$0$1,786,284
85$3,136,149$0$0$1,893,067
86$3,342,043$0$0$2,018,796
87$3,565,348$0$0$2,155,228
88$3,807,727$0$0$2,303,386
89$4,071,007$0$0$2,464,399
90$4,357,202$0$0$2,639,506
91$4,668,523$0$0$2,830,072
92$5,007,405$0$0$3,037,598
93$5,376,529$0$0$3,263,736
94$5,778,842$0$0$3,510,303
95$6,217,589$0$0$3,779,300
96$6,696,341$0$0$4,072,930
97$7,219,029$0$0$4,393,617
98$7,789,981$0$0$4,744,029
99$8,413,960$0$0$5,127,104
100$9,096,211$0$0$5,546,077