Can I retire at age 63 with 907,000?

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 $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%14.8%
1 years$74,899$74,232$73,581$72,946$72,325$70,894
2 years$37,079$36,388$35,719$35,070$34,441$33,005
3 years$24,474$23,780$23,113$22,470$21,851$20,455
4 years$18,172$17,481$16,820$16,188$15,584$14,239
5 years$14,393$13,705$13,053$12,434$11,847$10,556
6 years$11,873$11,191$10,549$9,944$9,374$8,140
7 years$10,075$9,398$8,766$8,175$7,624$6,446
8 years$8,726$8,056$7,434$6,858$6,324$5,203
9 years$7,678$7,014$6,403$5,841$5,326$4,260
10 years$6,840$6,183$5,582$5,035$4,538$3,526
11 years$6,155$5,504$4,915$4,382$3,903$2,944
12 years$5,584$4,940$4,362$3,844$3,382$2,475
13 years$5,102$4,465$3,897$3,394$2,949$2,092
14 years$4,689$4,058$3,501$3,012$2,585$1,777
15 years$4,331$3,707$3,161$2,687$2,276$1,515
16 years$4,018$3,401$2,866$2,406$2,012$1,295
17 years$3,743$3,132$2,608$2,161$1,784$1,111
18 years$3,498$2,895$2,381$1,948$1,586$954
19 years$3,279$2,683$2,180$1,760$1,414$822
20 years$3,083$2,493$2,000$1,594$1,263$709
21 years$2,905$2,322$1,840$1,447$1,130$612
22 years$2,744$2,167$1,696$1,315$1,013$529
23 years$2,597$2,027$1,566$1,198$909$458
24 years$2,462$1,899$1,448$1,093$817$397
25 years$2,338$1,782$1,341$998$735$344
26 years$2,224$1,675$1,244$912$662$298
27 years$2,119$1,577$1,155$835$597$259
28 years$2,022$1,486$1,074$765$539$225
29 years$1,931$1,401$999$702$487$195
30 years$1,846$1,324$931$644$440$170
31 years$1,767$1,251$868$591$398$147
32 years$1,694$1,184$810$544$360$128
33 years$1,624$1,121$756$500$325$112
34 years$1,559$1,063$706$460$295$97
35 years$1,498$1,008$660$423$267$84
36 years$1,441$957$618$390$242$73
37 years$1,386$909$578$359$219$64
38 years$1,335$863$541$331$199$56
39 years$1,286$821$507$305$180$48
40 years$1,240$781$475$282$163$42
41 years$1,196$744$446$260$148$37
42 years$1,155$708$418$240$135$32
43 years$1,115$675$392$221$122$28
44 years$1,078$643$368$204$111$24
45 years$1,042$613$346$189$101$21
46 years$1,008$585$325$174$91$18
47 years$975$558$305$161$83$16
48 years$944$533$287$149$75$14
49 years$914$509$270$138$68$12
50 years$886$486$253$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $907,000, adding $3,425 every year, while hoping to spend $36,522 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: 78/13/9 Blend
62$907,000$907,000$907,000$907,000
63$1,003,047$954,976$940,917$1,079,614
64$1,066,499$962,911$933,579$1,138,325
65$1,135,198$970,010$924,771$1,197,634
66$1,209,643$976,195$914,405$1,261,615
67$1,290,378$981,380$902,389$1,330,717
68$1,378,005$985,476$888,627$1,405,436
69$1,473,184$988,387$873,019$1,486,316
70$1,576,642$990,011$855,459$1,573,960
71$1,689,178$990,241$835,835$1,669,029
72$1,811,673$988,960$814,034$1,772,253
73$1,945,092$986,049$789,933$1,884,436
74$2,090,503$981,376$763,407$2,006,464
75$2,249,076$974,805$734,323$2,139,315
76$2,422,102$966,191$702,543$2,284,063
77$2,611,001$955,379$667,922$2,441,896
78$2,817,335$942,204$630,310$2,614,121
79$3,042,826$926,495$589,548$2,802,178
80$3,289,368$908,067$545,471$3,007,656
81$3,559,046$886,725$497,908$3,232,305
82$3,854,158$862,264$446,677$3,478,055
83$4,177,232$834,465$391,590$3,747,032
84$4,531,053$803,097$332,452$4,041,580
85$4,918,688$767,916$269,057$4,364,284
86$5,343,513$728,663$201,189$4,717,990
87$5,809,250$685,066$128,627$5,105,839
88$6,319,993$636,834$51,136$5,531,290
89$6,880,255$583,662$0$5,998,158
90$7,495,006$525,226$0$6,513,679
91$8,169,721$461,186$0$7,084,892
92$8,910,428$391,180$0$7,712,015
93$9,723,770$314,826$0$8,400,708
94$10,617,064$231,722$0$9,157,203
95$11,598,371$141,442$0$9,988,370
96$12,676,569$43,538$0$10,901,782
97$13,861,441$0$0$11,905,782
98$15,163,764$0$0$13,018,500
99$16,595,410$0$0$14,248,592
100$18,169,460$0$0$15,601,073