Can I retire at age 63 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$74,404$73,741$73,094$72,463$71,847$71,215
2 years$36,834$36,148$35,483$34,838$34,213$33,576
3 years$24,312$23,623$22,960$22,321$21,706$21,084
4 years$18,052$17,365$16,709$16,081$15,481$14,879
5 years$14,297$13,615$12,967$12,352$11,768$11,188
6 years$11,795$11,117$10,479$9,878$9,312$8,753
7 years$10,008$9,336$8,708$8,121$7,573$7,037
8 years$8,669$8,003$7,385$6,813$6,283$5,769
9 years$7,628$6,968$6,361$5,803$5,291$4,799
10 years$6,795$6,142$5,546$5,002$4,508$4,039
11 years$6,114$5,468$4,882$4,353$3,877$3,429
12 years$5,548$4,908$4,333$3,818$3,360$2,933
13 years$5,068$4,435$3,871$3,371$2,930$2,524
14 years$4,658$4,031$3,478$2,993$2,568$2,182
15 years$4,302$3,683$3,140$2,669$2,261$1,895
16 years$3,992$3,379$2,847$2,390$1,999$1,651
17 years$3,718$3,112$2,591$2,147$1,772$1,443
18 years$3,475$2,875$2,365$1,935$1,576$1,265
19 years$3,258$2,665$2,165$1,748$1,404$1,110
20 years$3,062$2,476$1,987$1,583$1,254$977
21 years$2,886$2,307$1,828$1,437$1,123$861
22 years$2,726$2,153$1,685$1,307$1,006$760
23 years$2,579$2,014$1,555$1,190$903$671
24 years$2,446$1,887$1,438$1,085$812$594
25 years$2,323$1,771$1,332$991$731$526
26 years$2,210$1,664$1,236$906$658$466
27 years$2,105$1,566$1,147$830$593$413
28 years$2,008$1,476$1,067$760$535$367
29 years$1,918$1,392$993$697$483$326
30 years$1,834$1,315$925$640$437$289
31 years$1,756$1,243$862$587$395$257
32 years$1,682$1,176$804$540$357$229
33 years$1,614$1,114$751$496$323$203
34 years$1,549$1,056$702$457$293$181
35 years$1,488$1,001$656$421$265$161
36 years$1,431$950$614$387$240$143
37 years$1,377$903$574$357$218$128
38 years$1,326$858$538$329$197$114
39 years$1,278$816$504$303$179$101
40 years$1,232$776$472$280$162$90
41 years$1,188$739$443$258$147$80
42 years$1,147$704$415$238$134$72
43 years$1,108$670$390$220$121$64
44 years$1,071$639$366$203$110$57
45 years$1,035$609$344$187$100$51
46 years$1,001$581$323$173$91$45
47 years$969$555$303$160$82$40
48 years$938$530$285$148$75$36
49 years$908$506$268$137$68$32
50 years$880$483$252$126$62$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $901,000, adding $4,525 every year, while hoping to spend $58,525 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: 41/29/30 Blend
62$901,000$901,000$901,000$901,000
63$997,570$949,817$935,851$1,029,518
64$1,037,051$934,087$904,932$1,037,408
65$1,078,599$915,626$871,015$1,040,178
66$1,122,361$894,237$833,940$1,042,082
67$1,168,500$869,712$793,535$1,043,078
68$1,217,192$841,834$749,623$1,043,125
69$1,268,631$810,368$702,020$1,042,181
70$1,323,025$775,070$650,532$1,040,207
71$1,380,605$735,680$594,956$1,037,165
72$1,441,621$691,923$535,082$1,033,019
73$1,506,347$643,507$470,687$1,027,735
74$1,575,082$590,127$401,543$1,021,285
75$1,648,153$531,455$327,407$1,013,643
76$1,725,918$467,150$248,029$1,004,787
77$1,808,769$396,849$163,146$994,705
78$1,897,136$320,166$72,483$983,387
79$1,991,488$236,699$0$970,835
80$2,092,340$146,018$0$964,828
81$2,200,258$47,671$0$982,884
82$2,315,860$0$0$1,001,909
83$2,439,825$0$0$1,040,827
84$2,572,899$0$0$1,099,015
85$2,715,899$0$0$1,161,625
86$2,869,723$0$0$1,229,064
87$3,035,357$0$0$1,301,773
88$3,213,881$0$0$1,380,240
89$3,406,487$0$0$1,464,999
90$3,614,479$0$0$1,556,639
91$3,839,293$0$0$1,655,806
92$4,082,506$0$0$1,763,211
93$4,345,852$0$0$1,879,633
94$4,631,238$0$0$2,005,933
95$4,940,760$0$0$2,143,055
96$5,276,723$0$0$2,292,038
97$5,641,662$0$0$2,454,024
98$6,038,367$0$0$2,630,271
99$6,469,905$0$0$2,822,162
100$6,939,652$0$0$3,031,219