Can I retire at age 63 with 904,000?

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 $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%12.5%
1 years$74,651$73,987$73,338$72,705$72,086$71,333
2 years$36,956$36,268$35,601$34,954$34,327$33,569
3 years$24,393$23,701$23,036$22,395$21,778$21,038
4 years$18,112$17,423$16,764$16,135$15,532$14,817
5 years$14,345$13,660$13,010$12,393$11,808$11,118
6 years$11,834$11,154$10,514$9,911$9,343$8,680
7 years$10,042$9,367$8,737$8,148$7,598$6,962
8 years$8,698$8,030$7,410$6,835$6,304$5,695
9 years$7,653$6,991$6,382$5,822$5,308$4,727
10 years$6,818$6,162$5,564$5,019$4,523$3,968
11 years$6,135$5,486$4,898$4,368$3,890$3,361
12 years$5,566$4,924$4,347$3,831$3,371$2,867
13 years$5,085$4,450$3,884$3,382$2,940$2,461
14 years$4,673$4,045$3,490$3,002$2,577$2,122
15 years$4,317$3,695$3,151$2,678$2,269$1,838
16 years$4,005$3,390$2,857$2,398$2,005$1,597
17 years$3,730$3,122$2,599$2,154$1,778$1,392
18 years$3,486$2,885$2,373$1,941$1,581$1,216
19 years$3,268$2,674$2,172$1,754$1,409$1,065
20 years$3,072$2,485$1,994$1,589$1,259$934
21 years$2,895$2,314$1,834$1,442$1,126$821
22 years$2,735$2,160$1,690$1,311$1,010$722
23 years$2,588$2,021$1,561$1,194$906$636
24 years$2,454$1,893$1,443$1,089$815$561
25 years$2,331$1,777$1,337$995$733$495
26 years$2,217$1,670$1,240$909$660$438
27 years$2,112$1,571$1,151$832$595$387
28 years$2,015$1,481$1,070$763$537$342
29 years$1,924$1,397$996$699$485$303
30 years$1,840$1,319$928$642$438$268
31 years$1,762$1,247$865$589$396$238
32 years$1,688$1,180$807$542$358$211
33 years$1,619$1,117$753$498$324$187
34 years$1,554$1,059$704$458$294$166
35 years$1,493$1,005$658$422$266$147
36 years$1,436$953$616$389$241$130
37 years$1,382$906$576$358$218$116
38 years$1,330$861$540$330$198$103
39 years$1,282$818$506$304$180$91
40 years$1,236$779$474$281$163$81
41 years$1,192$741$444$259$148$72
42 years$1,151$706$417$239$134$64
43 years$1,112$673$391$221$122$57
44 years$1,074$641$367$204$110$50
45 years$1,038$611$345$188$100$45
46 years$1,004$583$324$174$91$40
47 years$972$557$304$161$83$35
48 years$941$531$286$148$75$31
49 years$911$507$269$137$68$28
50 years$883$485$253$127$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $904,000, adding $6,177 every year, while hoping to spend $44,044 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: 46/49/5 Blend
62$904,000$904,000$904,000$904,000
63$1,002,580$954,668$940,656$1,047,082
64$1,057,980$954,584$925,305$1,078,195
65$1,117,556$953,020$907,964$1,106,802
66$1,181,685$949,856$888,520$1,136,790
67$1,250,785$944,967$866,853$1,168,299
68$1,325,313$938,219$842,841$1,201,487
69$1,405,772$929,468$816,353$1,236,528
70$1,492,713$918,565$787,253$1,273,618
71$1,586,745$905,350$755,401$1,312,975
72$1,688,534$889,653$720,648$1,354,842
73$1,798,813$871,295$682,839$1,399,492
74$1,918,390$850,086$641,812$1,447,228
75$2,048,150$825,825$597,397$1,498,387
76$2,189,070$798,299$549,418$1,553,344
77$2,342,221$767,282$497,690$1,612,520
78$2,508,785$732,536$442,020$1,676,378
79$2,690,060$693,809$382,206$1,745,438
80$2,887,474$650,833$318,038$1,820,276
81$3,102,600$603,327$249,296$1,901,533
82$3,337,167$550,993$175,749$1,989,921
83$3,593,081$493,514$97,160$2,086,230
84$3,872,437$430,558$13,276$2,191,339
85$4,177,542$361,772$0$2,306,224
86$4,510,937$286,784$0$2,436,034
87$4,875,417$205,201$0$2,578,924
88$5,274,062$116,608$0$2,735,530
89$5,710,261$20,567$0$2,907,347
90$6,187,748$0$0$3,096,029
91$6,710,631$0$0$3,348,369
92$7,283,439$0$0$3,637,055
93$7,911,155$0$0$3,953,522
94$8,599,269$0$0$4,300,552
95$9,353,828$0$0$4,681,207
96$10,181,491$0$0$5,098,863
97$11,089,594$0$0$5,557,234
98$12,086,215$0$0$6,060,416
99$13,180,253$0$0$6,612,917
100$14,381,514$0$0$7,219,704