Can I retire at age 63 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$74,651$73,987$73,338$72,705$72,086$71,512
2 years$36,956$36,268$35,601$34,954$34,327$33,748
3 years$24,393$23,701$23,036$22,395$21,778$21,213
4 years$18,112$17,423$16,764$16,135$15,532$14,985
5 years$14,345$13,660$13,010$12,393$11,808$11,279
6 years$11,834$11,154$10,514$9,911$9,343$8,834
7 years$10,042$9,367$8,737$8,148$7,598$7,110
8 years$8,698$8,030$7,410$6,835$6,304$5,835
9 years$7,653$6,991$6,382$5,822$5,308$4,860
10 years$6,818$6,162$5,564$5,019$4,523$4,095
11 years$6,135$5,486$4,898$4,368$3,890$3,481
12 years$5,566$4,924$4,347$3,831$3,371$2,981
13 years$5,085$4,450$3,884$3,382$2,940$2,569
14 years$4,673$4,045$3,490$3,002$2,577$2,224
15 years$4,317$3,695$3,151$2,678$2,269$1,934
16 years$4,005$3,390$2,857$2,398$2,005$1,687
17 years$3,730$3,122$2,599$2,154$1,778$1,477
18 years$3,486$2,885$2,373$1,941$1,581$1,296
19 years$3,268$2,674$2,172$1,754$1,409$1,140
20 years$3,072$2,485$1,994$1,589$1,259$1,004
21 years$2,895$2,314$1,834$1,442$1,126$886
22 years$2,735$2,160$1,690$1,311$1,010$783
23 years$2,588$2,021$1,561$1,194$906$693
24 years$2,454$1,893$1,443$1,089$815$614
25 years$2,331$1,777$1,337$995$733$545
26 years$2,217$1,670$1,240$909$660$483
27 years$2,112$1,571$1,151$832$595$429
28 years$2,015$1,481$1,070$763$537$382
29 years$1,924$1,397$996$699$485$340
30 years$1,840$1,319$928$642$438$302
31 years$1,762$1,247$865$589$396$269
32 years$1,688$1,180$807$542$358$240
33 years$1,619$1,117$753$498$324$213
34 years$1,554$1,059$704$458$294$190
35 years$1,493$1,005$658$422$266$170
36 years$1,436$953$616$389$241$151
37 years$1,382$906$576$358$218$135
38 years$1,330$861$540$330$198$120
39 years$1,282$818$506$304$180$107
40 years$1,236$779$474$281$163$96
41 years$1,192$741$444$259$148$86
42 years$1,151$706$417$239$134$76
43 years$1,112$673$391$221$122$68
44 years$1,074$641$367$204$110$61
45 years$1,038$611$345$188$100$54
46 years$1,004$583$324$174$91$49
47 years$972$557$304$161$83$43
48 years$941$531$286$148$75$39
49 years$911$507$269$137$68$35
50 years$883$485$253$127$62$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $904,000, adding $5,187 every year, while hoping to spend $32,673 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: 43/46/11 Blend
62$904,000$904,000$904,000$904,000
63$1,001,558$953,646$939,634$1,041,218
64$1,068,954$965,611$936,348$1,081,366
65$1,142,128$977,067$931,857$1,121,134
66$1,221,637$987,955$926,086$1,163,487
67$1,308,090$998,211$918,956$1,208,674
68$1,402,160$1,007,768$910,386$1,256,971
69$1,504,585$1,016,554$900,289$1,308,685
70$1,616,179$1,024,491$888,574$1,364,153
71$1,737,836$1,031,498$875,149$1,423,749
72$1,870,542$1,037,488$859,913$1,487,886
73$2,015,380$1,042,368$842,763$1,557,023
74$2,173,544$1,046,040$823,591$1,631,664
75$2,346,348$1,048,398$802,284$1,712,369
76$2,535,238$1,049,332$778,722$1,799,756
77$2,741,805$1,048,722$752,782$1,894,508
78$2,967,803$1,046,444$724,335$1,997,381
79$3,215,163$1,042,363$693,244$2,109,210
80$3,486,010$1,036,339$659,368$2,230,918
81$3,782,685$1,028,221$622,558$2,363,524
82$4,107,765$1,017,850$582,660$2,508,156
83$4,464,089$1,005,057$539,512$2,666,060
84$4,854,784$989,664$492,944$2,838,611
85$5,283,295$971,479$442,779$3,027,330
86$5,753,412$950,304$388,834$3,233,896
87$6,269,316$925,924$330,916$3,460,166
88$6,835,607$898,115$268,822$3,708,187
89$7,457,354$866,638$202,343$3,980,223
90$8,140,142$831,241$131,259$4,278,774
91$8,890,121$791,656$55,341$4,606,599
92$9,714,069$747,603$0$4,966,747
93$10,619,449$698,781$0$5,365,596
94$11,614,486$644,874$0$5,810,975
95$12,708,241$585,550$0$6,300,514
96$13,910,695$520,455$0$6,838,773
97$15,232,844$449,216$0$7,430,782
98$16,686,805$371,439$0$8,082,093
99$18,285,928$286,707$0$8,798,830
100$20,044,918$194,582$0$9,587,749