Can I retire at age 63 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$74,486$73,823$73,176$72,544$71,927$70,735
2 years$36,874$36,188$35,522$34,877$34,251$33,054
3 years$24,339$23,649$22,985$22,346$21,730$20,565
4 years$18,072$17,385$16,727$16,099$15,498$14,374
5 years$14,313$13,630$12,981$12,366$11,781$10,701
6 years$11,808$11,130$10,491$9,889$9,322$8,287
7 years$10,019$9,347$8,718$8,130$7,581$6,592
8 years$8,678$8,012$7,393$6,820$6,290$5,345
9 years$7,636$6,976$6,368$5,809$5,297$4,397
10 years$6,803$6,149$5,552$5,008$4,513$3,658
11 years$6,121$5,474$4,888$4,358$3,881$3,070
12 years$5,554$4,913$4,338$3,823$3,364$2,594
13 years$5,074$4,440$3,875$3,375$2,933$2,204
14 years$4,663$4,036$3,482$2,996$2,571$1,882
15 years$4,307$3,687$3,144$2,672$2,264$1,613
16 years$3,996$3,383$2,850$2,392$2,001$1,387
17 years$3,722$3,115$2,594$2,149$1,774$1,197
18 years$3,479$2,879$2,368$1,937$1,577$1,034
19 years$3,261$2,668$2,168$1,750$1,406$896
20 years$3,066$2,479$1,989$1,585$1,256$777
21 years$2,889$2,309$1,830$1,439$1,124$675
22 years$2,729$2,156$1,686$1,308$1,007$587
23 years$2,582$2,016$1,557$1,191$904$511
24 years$2,448$1,889$1,440$1,087$813$446
25 years$2,325$1,773$1,334$992$731$389
26 years$2,212$1,666$1,237$907$659$340
27 years$2,107$1,568$1,149$830$594$297
28 years$2,010$1,477$1,068$761$536$259
29 years$1,920$1,394$994$698$484$227
30 years$1,836$1,316$926$640$437$198
31 years$1,758$1,244$863$588$395$173
32 years$1,684$1,177$805$541$358$152
33 years$1,615$1,115$752$497$324$133
34 years$1,551$1,057$702$457$293$116
35 years$1,490$1,002$657$421$265$102
36 years$1,433$951$614$388$240$89
37 years$1,379$904$575$357$218$78
38 years$1,327$859$538$329$198$69
39 years$1,279$817$504$304$179$60
40 years$1,233$777$473$280$163$53
41 years$1,190$740$443$258$147$46
42 years$1,148$704$416$238$134$41
43 years$1,109$671$390$220$121$36
44 years$1,072$640$366$203$110$31
45 years$1,036$610$344$188$100$27
46 years$1,002$582$323$173$91$24
47 years$970$555$304$160$82$21
48 years$939$530$285$148$75$18
49 years$909$506$268$137$68$16
50 years$881$484$252$126$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $902,000, adding $5,899 every year, while hoping to spend $32,331 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: 74/17/9 Blend
62$902,000$902,000$902,000$902,000
63$1,000,089$952,283$938,302$1,072,121
64$1,067,698$964,545$935,335$1,132,681
65$1,141,120$976,324$931,185$1,194,363
66$1,220,913$987,563$925,779$1,261,031
67$1,307,691$998,199$919,038$1,333,167
68$1,402,132$1,008,167$910,882$1,411,304
69$1,504,980$1,017,397$901,227$1,496,029
70$1,617,052$1,025,814$889,982$1,587,987
71$1,739,251$1,033,338$877,056$1,687,890
72$1,872,567$1,039,885$862,350$1,796,523
73$2,018,093$1,045,363$845,763$1,914,751
74$2,177,030$1,049,678$827,188$2,043,528
75$2,350,702$1,052,726$806,513$2,183,902
76$2,540,563$1,054,399$783,621$2,337,031
77$2,748,218$1,054,583$758,390$2,504,192
78$2,975,433$1,053,153$730,692$2,686,791
79$3,224,150$1,049,981$700,393$2,886,376
80$3,496,511$1,044,928$667,354$3,104,657
81$3,794,873$1,037,847$631,429$3,343,515
82$4,121,832$1,028,584$592,464$3,605,027
83$4,480,248$1,016,973$550,300$3,891,480
84$4,873,268$1,002,840$504,770$4,205,394
85$5,304,361$985,999$455,700$4,549,550
86$5,777,348$966,255$402,907$4,927,010
87$6,296,436$943,399$346,203$5,341,151
88$6,866,259$917,212$285,387$5,795,696
89$7,491,922$887,461$220,253$6,294,746
90$8,179,051$853,900$150,584$6,842,825
91$8,933,840$816,266$76,154$7,444,917
92$9,763,114$774,286$0$8,106,516
93$10,674,392$727,666$0$8,833,994
94$11,675,956$676,097$0$9,641,537
95$12,776,932$619,255$0$10,529,207
96$13,987,374$556,793$0$11,505,142
97$15,318,357$488,347$0$12,578,308
98$16,782,085$413,532$0$13,758,589
99$18,392,003$331,940$0$15,056,875
100$20,162,925$243,143$0$16,485,171