Can I retire at age 63 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$74,899$74,232$73,581$72,946$72,325$70,010
2 years$37,079$36,388$35,719$35,070$34,441$32,130
3 years$24,474$23,780$23,113$22,470$21,851$19,616
4 years$18,172$17,481$16,820$16,188$15,584$13,443
5 years$14,393$13,705$13,053$12,434$11,847$9,805
6 years$11,873$11,191$10,549$9,944$9,374$7,434
7 years$10,075$9,398$8,766$8,175$7,624$5,784
8 years$8,726$8,056$7,434$6,858$6,324$4,585
9 years$7,678$7,014$6,403$5,841$5,326$3,684
10 years$6,840$6,183$5,582$5,035$4,538$2,991
11 years$6,155$5,504$4,915$4,382$3,903$2,448
12 years$5,584$4,940$4,362$3,844$3,382$2,017
13 years$5,102$4,465$3,897$3,394$2,949$1,670
14 years$4,689$4,058$3,501$3,012$2,585$1,388
15 years$4,331$3,707$3,161$2,687$2,276$1,158
16 years$4,018$3,401$2,866$2,406$2,012$969
17 years$3,743$3,132$2,608$2,161$1,784$812
18 years$3,498$2,895$2,381$1,948$1,586$682
19 years$3,279$2,683$2,180$1,760$1,414$574
20 years$3,083$2,493$2,000$1,594$1,263$483
21 years$2,905$2,322$1,840$1,447$1,130$407
22 years$2,744$2,167$1,696$1,315$1,013$344
23 years$2,597$2,027$1,566$1,198$909$291
24 years$2,462$1,899$1,448$1,093$817$246
25 years$2,338$1,782$1,341$998$735$208
26 years$2,224$1,675$1,244$912$662$176
27 years$2,119$1,577$1,155$835$597$149
28 years$2,022$1,486$1,074$765$539$126
29 years$1,931$1,401$999$702$487$107
30 years$1,846$1,324$931$644$440$90
31 years$1,767$1,251$868$591$398$77
32 years$1,694$1,184$810$544$360$65
33 years$1,624$1,121$756$500$325$55
34 years$1,559$1,063$706$460$295$47
35 years$1,498$1,008$660$423$267$39
36 years$1,441$957$618$390$242$33
37 years$1,386$909$578$359$219$28
38 years$1,335$863$541$331$199$24
39 years$1,286$821$507$305$180$20
40 years$1,240$781$475$282$163$17
41 years$1,196$744$446$260$148$15
42 years$1,155$708$418$240$135$12
43 years$1,115$675$392$221$122$11
44 years$1,078$643$368$204$111$9
45 years$1,042$613$346$189$101$8
46 years$1,008$585$325$174$91$6
47 years$975$558$305$161$83$5
48 years$944$533$287$149$75$5
49 years$914$509$270$138$68$4
50 years$886$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $907,000, adding $2,593 every year, while hoping to spend $39,844 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: 78/7/15 Blend
62$907,000$907,000$907,000$907,000
63$1,002,189$954,118$940,059$1,076,999
64$1,062,018$958,476$929,157$1,131,023
65$1,126,615$961,712$916,555$1,184,949
66$1,196,423$963,729$902,153$1,242,990
67$1,271,931$964,425$885,848$1,305,542
68$1,353,675$963,688$867,531$1,373,041
69$1,442,245$961,404$847,088$1,445,969
70$1,538,289$957,449$824,401$1,524,855
71$1,642,522$951,691$799,346$1,610,284
72$1,755,728$943,992$771,792$1,702,900
73$1,878,768$934,204$741,604$1,803,413
74$2,012,594$922,171$708,639$1,912,605
75$2,158,249$907,728$672,748$2,031,340
76$2,316,882$890,699$633,777$2,160,568
77$2,489,759$870,897$591,563$2,301,338
78$2,678,270$848,127$545,937$2,454,805
79$2,883,948$822,180$496,720$2,622,244
80$3,108,478$792,834$443,728$2,805,059
81$3,353,718$759,858$386,767$3,004,798
82$3,621,709$723,003$325,636$3,223,169
83$3,914,701$682,008$260,123$3,462,053
84$4,235,172$636,598$190,008$3,723,524
85$4,585,847$586,479$115,062$4,009,870
86$4,969,730$531,343$35,043$4,323,613
87$5,390,127$470,863$0$4,667,531
88$5,850,680$404,695$0$5,052,747
89$6,355,397$332,473$0$5,481,090
90$6,908,696$253,813$0$5,950,714
91$7,515,441$168,308$0$6,465,768
92$8,180,988$75,527$0$7,030,827
93$8,911,239$0$0$7,650,927
94$9,712,693$0$0$8,333,546
95$10,592,509$0$0$9,089,326
96$11,558,574$0$0$9,919,226
97$12,619,575$0$0$10,830,713
98$13,785,081$0$0$11,832,014
99$15,065,636$0$0$12,932,190
100$16,472,854$0$0$14,141,222