Can I retire at age 63 with 904,000?

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 $904,000?

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%
1 years$74,651$73,987$73,338$72,705$72,086$70,003
2 years$36,956$36,268$35,601$34,954$34,327$32,245
3 years$24,393$23,701$23,036$22,395$21,778$19,762
4 years$18,112$17,423$16,764$16,135$15,532$13,598
5 years$14,345$13,660$13,010$12,393$11,808$9,960
6 years$11,834$11,154$10,514$9,911$9,343$7,584
7 years$10,042$9,367$8,737$8,148$7,598$5,928
8 years$8,698$8,030$7,410$6,835$6,304$4,721
9 years$7,653$6,991$6,382$5,822$5,308$3,812
10 years$6,818$6,162$5,564$5,019$4,523$3,111
11 years$6,135$5,486$4,898$4,368$3,890$2,559
12 years$5,566$4,924$4,347$3,831$3,371$2,119
13 years$5,085$4,450$3,884$3,382$2,940$1,764
14 years$4,673$4,045$3,490$3,002$2,577$1,475
15 years$4,317$3,695$3,151$2,678$2,269$1,237
16 years$4,005$3,390$2,857$2,398$2,005$1,041
17 years$3,730$3,122$2,599$2,154$1,778$878
18 years$3,486$2,885$2,373$1,941$1,581$742
19 years$3,268$2,674$2,172$1,754$1,409$628
20 years$3,072$2,485$1,994$1,589$1,259$532
21 years$2,895$2,314$1,834$1,442$1,126$451
22 years$2,735$2,160$1,690$1,311$1,010$383
23 years$2,588$2,021$1,561$1,194$906$326
24 years$2,454$1,893$1,443$1,089$815$277
25 years$2,331$1,777$1,337$995$733$236
26 years$2,217$1,670$1,240$909$660$201
27 years$2,112$1,571$1,151$832$595$171
28 years$2,015$1,481$1,070$763$537$146
29 years$1,924$1,397$996$699$485$124
30 years$1,840$1,319$928$642$438$106
31 years$1,762$1,247$865$589$396$90
32 years$1,688$1,180$807$542$358$77
33 years$1,619$1,117$753$498$324$66
34 years$1,554$1,059$704$458$294$56
35 years$1,493$1,005$658$422$266$48
36 years$1,436$953$616$389$241$41
37 years$1,382$906$576$358$218$35
38 years$1,330$861$540$330$198$30
39 years$1,282$818$506$304$180$25
40 years$1,236$779$474$281$163$22
41 years$1,192$741$444$259$148$19
42 years$1,151$706$417$239$134$16
43 years$1,112$673$391$221$122$14
44 years$1,074$641$367$204$110$12
45 years$1,038$611$345$188$100$10
46 years$1,004$583$324$174$91$8
47 years$972$557$304$161$83$7
48 years$941$531$286$148$75$6
49 years$911$507$269$137$68$5
50 years$883$485$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $904,000, adding $2,107 every year, while hoping to spend $39,203 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: 63/19/18 Blend
62$904,000$904,000$904,000$904,000
63$998,381$950,469$936,457$1,056,610
64$1,058,505$955,331$926,117$1,100,890
65$1,123,446$959,116$914,116$1,144,603
66$1,193,657$961,732$900,358$1,191,418
67$1,269,631$963,078$884,741$1,241,638
68$1,351,913$963,048$867,159$1,295,600
69$1,441,099$961,529$847,501$1,353,678
70$1,537,849$958,401$825,649$1,416,281
71$1,642,884$953,537$801,483$1,483,863
72$1,757,000$946,803$774,875$1,556,927
73$1,881,072$938,054$745,691$1,636,027
74$2,016,063$927,140$713,793$1,721,775
75$2,163,031$913,900$679,035$1,814,846
76$2,323,142$898,162$641,264$1,915,989
77$2,497,677$879,747$600,322$2,026,027
78$2,688,049$858,464$556,041$2,145,871
79$2,895,810$834,109$508,249$2,276,528
80$3,122,671$806,468$456,763$2,419,108
81$3,370,514$775,315$401,395$2,574,838
82$3,641,410$740,410$341,946$2,745,071
83$3,937,642$701,497$278,209$2,931,303
84$4,261,720$658,310$209,968$3,135,184
85$4,616,412$610,563$136,998$3,358,535
86$5,004,762$557,957$59,063$3,603,369
87$5,430,124$500,173$0$3,871,903
88$5,896,191$436,876$0$4,171,219
89$6,407,032$367,712$0$4,511,795
90$6,967,125$292,306$0$4,885,313
91$7,581,406$210,263$0$5,295,118
92$8,255,307$121,163$0$5,744,899
93$8,994,814$24,567$0$6,238,724
94$9,806,522$0$0$6,781,076
95$10,697,693$0$0$7,393,626
96$11,676,326$0$0$8,072,001
97$12,751,235$0$0$8,817,184
98$13,932,129$0$0$9,635,913
99$15,229,702$0$0$10,535,613
100$16,655,738$0$0$11,524,463