Can I retire at age 63 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$74,817$74,150$73,500$72,865$72,246$69,352
2 years$37,038$36,348$35,680$35,031$34,403$31,524
3 years$24,447$23,754$23,087$22,445$21,826$19,053
4 years$18,152$17,462$16,801$16,170$15,567$12,920
5 years$14,377$13,690$13,039$12,420$11,834$9,319
6 years$11,860$11,179$10,537$9,933$9,364$6,984
7 years$10,064$9,388$8,756$8,166$7,615$5,369
8 years$8,717$8,047$7,426$6,850$6,317$4,203
9 years$7,670$7,007$6,396$5,835$5,320$3,334
10 years$6,833$6,176$5,576$5,030$4,533$2,672
11 years$6,148$5,498$4,909$4,377$3,899$2,157
12 years$5,578$4,935$4,357$3,840$3,378$1,752
13 years$5,096$4,460$3,893$3,390$2,946$1,430
14 years$4,684$4,054$3,497$3,009$2,583$1,172
15 years$4,326$3,703$3,158$2,684$2,274$963
16 years$4,014$3,398$2,863$2,403$2,010$793
17 years$3,739$3,129$2,605$2,159$1,782$655
18 years$3,494$2,891$2,378$1,946$1,584$541
19 years$3,276$2,680$2,177$1,758$1,412$448
20 years$3,079$2,490$1,998$1,592$1,261$371
21 years$2,902$2,319$1,838$1,445$1,129$308
22 years$2,741$2,165$1,694$1,314$1,012$256
23 years$2,594$2,025$1,564$1,197$908$213
24 years$2,459$1,897$1,446$1,091$816$177
25 years$2,336$1,780$1,340$997$735$147
26 years$2,222$1,673$1,242$911$662$122
27 years$2,117$1,575$1,154$834$597$102
28 years$2,019$1,484$1,073$764$538$85
29 years$1,929$1,400$998$701$486$70
30 years$1,844$1,322$930$643$439$59
31 years$1,765$1,250$867$591$397$49
32 years$1,692$1,183$809$543$359$41
33 years$1,623$1,120$755$499$325$34
34 years$1,558$1,061$705$459$294$28
35 years$1,496$1,007$660$423$267$24
36 years$1,439$956$617$389$242$20
37 years$1,385$908$578$359$219$16
38 years$1,333$863$541$331$198$14
39 years$1,285$820$507$305$180$11
40 years$1,239$780$475$281$163$9
41 years$1,195$743$445$260$148$8
42 years$1,153$707$418$239$134$7
43 years$1,114$674$392$221$122$5
44 years$1,076$642$368$204$111$5
45 years$1,041$613$345$189$100$4
46 years$1,007$584$324$174$91$3
47 years$974$558$305$161$83$3
48 years$943$532$286$149$75$2
49 years$913$508$269$137$68$2
50 years$885$486$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $906,000, adding $3,211 every year, while hoping to spend $27,424 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: 30/43/27 Blend
62$906,000$906,000$906,000$906,000
63$1,001,724$953,706$939,663$1,023,365
64$1,074,721$971,259$941,963$1,058,030
65$1,154,245$988,752$943,421$1,092,674
66$1,240,931$1,006,155$943,979$1,129,396
67$1,335,482$1,023,433$943,578$1,168,395
68$1,438,669$1,040,548$942,155$1,209,893
69$1,551,339$1,057,461$939,644$1,254,134
70$1,674,429$1,074,130$935,975$1,301,388
71$1,808,967$1,090,509$931,077$1,351,954
72$1,956,086$1,106,548$924,872$1,406,164
73$2,117,033$1,122,195$917,281$1,464,385
74$2,293,182$1,137,394$908,222$1,527,021
75$2,486,044$1,152,084$897,605$1,594,521
76$2,697,285$1,166,201$885,339$1,667,381
77$2,928,740$1,179,676$871,330$1,746,149
78$3,182,427$1,192,436$855,475$1,831,433
79$3,460,572$1,204,402$837,670$1,923,904
80$3,765,623$1,215,492$817,806$2,024,301
81$4,100,281$1,225,614$795,766$2,133,447
82$4,467,516$1,234,676$771,431$2,252,246
83$4,870,602$1,242,575$744,674$2,381,701
84$5,313,147$1,249,204$715,363$2,522,918
85$5,799,122$1,254,450$683,362$2,677,121
86$6,332,904$1,258,189$648,526$2,845,662
87$6,919,313$1,260,293$610,704$3,030,035
88$7,563,660$1,260,624$569,740$3,231,888
89$8,271,795$1,259,037$525,469$3,453,046
90$9,050,165$1,255,376$477,718$3,695,520
91$9,905,869$1,249,478$426,310$3,961,535
92$10,846,732$1,241,166$371,055$4,253,546
93$11,881,373$1,230,257$311,760$4,574,264
94$13,019,288$1,216,555$248,218$4,926,684
95$14,270,939$1,199,850$180,217$5,314,111
96$15,647,855$1,179,922$107,535$5,740,195
97$17,162,736$1,156,539$29,938$6,208,965
98$18,829,578$1,129,452$0$6,724,868
99$20,663,799$1,098,399$0$7,308,044
100$22,682,390$1,063,104$0$7,958,875