Can I retire at age 63 with 902,000?

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 $902,000?

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$74,486$73,823$73,176$72,544$71,927$70,503
2 years$36,874$36,188$35,522$34,877$34,251$32,823
3 years$24,339$23,649$22,985$22,346$21,730$20,342
4 years$18,072$17,385$16,727$16,099$15,498$14,161
5 years$14,313$13,630$12,981$12,366$11,781$10,498
6 years$11,808$11,130$10,491$9,889$9,322$8,095
7 years$10,019$9,347$8,718$8,130$7,581$6,410
8 years$8,678$8,012$7,393$6,820$6,290$5,174
9 years$7,636$6,976$6,368$5,809$5,297$4,236
10 years$6,803$6,149$5,552$5,008$4,513$3,507
11 years$6,121$5,474$4,888$4,358$3,881$2,928
12 years$5,554$4,913$4,338$3,823$3,364$2,461
13 years$5,074$4,440$3,875$3,375$2,933$2,081
14 years$4,663$4,036$3,482$2,996$2,571$1,767
15 years$4,307$3,687$3,144$2,672$2,264$1,506
16 years$3,996$3,383$2,850$2,392$2,001$1,288
17 years$3,722$3,115$2,594$2,149$1,774$1,104
18 years$3,479$2,879$2,368$1,937$1,577$949
19 years$3,261$2,668$2,168$1,750$1,406$817
20 years$3,066$2,479$1,989$1,585$1,256$705
21 years$2,889$2,309$1,830$1,439$1,124$609
22 years$2,729$2,156$1,686$1,308$1,007$526
23 years$2,582$2,016$1,557$1,191$904$455
24 years$2,448$1,889$1,440$1,087$813$394
25 years$2,325$1,773$1,334$992$731$342
26 years$2,212$1,666$1,237$907$659$297
27 years$2,107$1,568$1,149$830$594$257
28 years$2,010$1,477$1,068$761$536$224
29 years$1,920$1,394$994$698$484$194
30 years$1,836$1,316$926$640$437$169
31 years$1,758$1,244$863$588$395$147
32 years$1,684$1,177$805$541$358$128
33 years$1,615$1,115$752$497$324$111
34 years$1,551$1,057$702$457$293$96
35 years$1,490$1,002$657$421$265$84
36 years$1,433$951$614$388$240$73
37 years$1,379$904$575$357$218$64
38 years$1,327$859$538$329$198$55
39 years$1,279$817$504$304$179$48
40 years$1,233$777$473$280$163$42
41 years$1,190$740$443$258$147$37
42 years$1,148$704$416$238$134$32
43 years$1,109$671$390$220$121$28
44 years$1,072$640$366$203$110$24
45 years$1,036$610$344$188$100$21
46 years$1,002$582$323$173$91$18
47 years$970$555$304$160$82$16
48 years$939$530$285$148$75$14
49 years$909$506$268$137$68$12
50 years$881$484$252$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $902,000, adding $6,953 every year, while hoping to spend $56,068 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: 79/13/8 Blend
62$902,000$902,000$902,000$902,000
63$1,001,176$953,370$939,389$1,078,641
64$1,043,640$940,429$911,203$1,117,504
65$1,088,556$924,975$880,193$1,152,104
66$1,136,116$906,826$846,206$1,188,397
67$1,186,527$885,787$809,081$1,226,524
68$1,240,017$861,655$768,650$1,266,643
69$1,296,836$834,214$724,737$1,308,926
70$1,357,256$803,233$677,159$1,353,565
71$1,421,576$768,471$625,723$1,400,770
72$1,490,122$729,671$570,230$1,450,775
73$1,563,250$686,562$510,469$1,503,835
74$1,641,354$638,855$446,222$1,560,236
75$1,724,862$586,249$377,260$1,620,290
76$1,814,244$528,422$303,344$1,684,344
77$1,910,018$465,035$224,227$1,752,781
78$2,012,747$395,729$139,646$1,826,023
79$2,123,054$320,127$49,331$1,904,537
80$2,241,620$237,827$0$1,988,839
81$2,369,194$148,409$0$2,083,514
82$2,506,596$51,425$0$2,189,930
83$2,654,729$0$0$2,304,593
84$2,814,584$0$0$2,435,964
85$2,987,250$0$0$2,585,832
86$3,173,924$0$0$2,747,880
87$3,375,921$0$0$2,923,253
88$3,594,686$0$0$3,113,210
89$3,831,810$0$0$3,319,133
90$4,089,040$0$0$3,542,544
91$4,368,299$0$0$3,785,117
92$4,671,701$0$0$4,048,690
93$5,001,571$0$0$4,335,289
94$5,360,469$0$0$4,647,141
95$5,751,210$0$0$4,986,695
96$6,176,891$0$0$5,356,649
97$6,640,923$0$0$5,759,969
98$7,147,056$0$0$6,199,922
99$7,699,421$0$0$6,680,102
100$8,302,563$0$0$7,204,465