Can I retire at age 63 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$74,239$73,577$72,932$72,302$71,688$69,644
2 years$36,752$36,067$35,404$34,761$34,137$32,094
3 years$24,258$23,570$22,909$22,272$21,658$19,680
4 years$18,012$17,327$16,672$16,045$15,447$13,548
5 years$14,266$13,584$12,938$12,324$11,742$9,929
6 years$11,769$11,093$10,456$9,856$9,291$7,564
7 years$9,986$9,316$8,689$8,103$7,556$5,916
8 years$8,650$7,985$7,369$6,797$6,269$4,714
9 years$7,611$6,953$6,347$5,790$5,279$3,809
10 years$6,780$6,128$5,533$4,991$4,498$3,110
11 years$6,101$5,456$4,871$4,344$3,868$2,560
12 years$5,535$4,897$4,323$3,810$3,352$2,122
13 years$5,057$4,425$3,862$3,364$2,923$1,767
14 years$4,647$4,022$3,470$2,986$2,563$1,479
15 years$4,293$3,675$3,133$2,663$2,256$1,241
16 years$3,983$3,371$2,841$2,384$1,994$1,045
17 years$3,710$3,105$2,585$2,142$1,768$882
18 years$3,467$2,869$2,360$1,931$1,572$746
19 years$3,250$2,659$2,160$1,744$1,401$631
20 years$3,055$2,471$1,983$1,580$1,252$536
21 years$2,879$2,302$1,824$1,434$1,120$455
22 years$2,719$2,148$1,681$1,304$1,004$387
23 years$2,574$2,009$1,552$1,187$901$329
24 years$2,440$1,883$1,435$1,083$810$280
25 years$2,318$1,767$1,329$989$729$238
26 years$2,205$1,660$1,233$904$657$203
27 years$2,100$1,563$1,145$828$592$173
28 years$2,004$1,473$1,064$758$534$148
29 years$1,914$1,389$990$695$482$126
30 years$1,830$1,312$923$638$436$108
31 years$1,752$1,240$860$586$394$92
32 years$1,679$1,173$802$539$356$78
33 years$1,610$1,111$749$495$323$67
34 years$1,546$1,053$700$456$292$57
35 years$1,485$999$654$420$265$49
36 years$1,428$948$612$386$240$42
37 years$1,374$901$573$356$217$36
38 years$1,323$856$537$328$197$30
39 years$1,275$814$503$303$179$26
40 years$1,229$774$471$279$162$22
41 years$1,186$737$442$258$147$19
42 years$1,145$702$415$238$133$16
43 years$1,105$669$389$219$121$14
44 years$1,068$638$365$203$110$12
45 years$1,033$608$343$187$100$10
46 years$999$580$322$173$91$9
47 years$966$553$302$160$82$7
48 years$936$528$284$148$75$6
49 years$906$505$267$136$68$5
50 years$878$482$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $899,000, adding $6,053 every year, while hoping to spend $35,947 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: 45/30/25 Blend
62$899,000$899,000$899,000$899,000
63$996,942$949,295$935,360$1,034,369
64$1,060,382$957,563$928,447$1,069,714
65$1,129,089$965,031$920,098$1,104,062
66$1,203,562$971,623$910,227$1,140,603
67$1,284,348$977,256$898,743$1,179,559
68$1,372,053$981,842$885,551$1,221,177
69$1,467,339$985,290$870,554$1,265,734
70$1,570,938$987,499$853,648$1,313,533
71$1,683,652$988,365$834,724$1,364,911
72$1,806,367$987,777$813,670$1,420,244
73$1,940,054$985,616$790,366$1,479,945
74$2,085,785$981,757$764,688$1,544,473
75$2,244,738$976,065$736,508$1,614,339
76$2,418,209$968,400$705,689$1,690,105
77$2,607,626$958,612$672,089$1,772,396
78$2,814,560$946,541$635,561$1,861,902
79$3,040,742$932,018$595,949$1,959,389
80$3,288,077$914,865$553,091$2,065,703
81$3,558,660$894,893$506,820$2,181,781
82$3,854,802$871,901$456,956$2,308,660
83$4,179,044$845,677$403,317$2,447,485
84$4,534,188$815,996$345,709$2,599,526
85$4,923,316$782,621$283,931$2,766,184
86$5,349,824$745,299$217,773$2,949,010
87$5,817,452$703,765$147,015$3,149,718
88$6,330,320$657,737$71,427$3,370,204
89$6,892,964$606,918$0$3,612,562
90$7,510,382$550,992$0$3,881,571
91$8,188,078$489,628$0$4,197,818
92$8,932,115$422,473$0$4,545,125
93$9,749,173$349,157$0$4,926,688
94$10,646,610$269,287$0$5,346,030
95$11,632,530$182,448$0$5,807,042
96$12,715,863$88,203$0$6,314,011
97$13,906,446$0$0$6,871,670
98$15,215,115$0$0$7,489,832
99$16,653,811$0$0$8,201,537
100$18,235,686$0$0$8,984,191