Can I retire at age 63 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$74,734$74,068$73,419$72,785$72,166$70,970
2 years$36,997$36,308$35,640$34,993$34,365$33,164
3 years$24,420$23,728$23,062$22,420$21,802$20,633
4 years$18,132$17,442$16,783$16,152$15,550$14,422
5 years$14,361$13,675$13,024$12,407$11,821$10,737
6 years$11,847$11,167$10,526$9,922$9,353$8,315
7 years$10,053$9,378$8,747$8,157$7,607$6,614
8 years$8,707$8,038$7,418$6,843$6,310$5,363
9 years$7,661$6,999$6,389$5,829$5,314$4,412
10 years$6,825$6,169$5,570$5,024$4,528$3,670
11 years$6,141$5,492$4,904$4,373$3,894$3,080
12 years$5,572$4,929$4,352$3,835$3,375$2,602
13 years$5,091$4,455$3,888$3,386$2,943$2,212
14 years$4,678$4,049$3,494$3,006$2,580$1,888
15 years$4,322$3,699$3,154$2,681$2,271$1,619
16 years$4,009$3,394$2,860$2,400$2,007$1,392
17 years$3,734$3,126$2,602$2,157$1,780$1,200
18 years$3,490$2,888$2,376$1,944$1,583$1,038
19 years$3,272$2,677$2,175$1,756$1,411$899
20 years$3,076$2,487$1,996$1,591$1,260$780
21 years$2,899$2,317$1,836$1,443$1,128$677
22 years$2,738$2,163$1,692$1,312$1,011$589
23 years$2,591$2,023$1,562$1,195$907$513
24 years$2,457$1,895$1,445$1,090$815$447
25 years$2,333$1,779$1,338$996$734$390
26 years$2,220$1,672$1,241$910$661$341
27 years$2,114$1,573$1,152$833$596$298
28 years$2,017$1,482$1,071$763$538$260
29 years$1,927$1,398$997$700$486$227
30 years$1,842$1,321$929$643$439$199
31 years$1,763$1,248$866$590$397$174
32 years$1,690$1,181$808$542$359$152
33 years$1,621$1,119$754$499$325$133
34 years$1,556$1,060$705$459$294$117
35 years$1,495$1,006$659$422$266$102
36 years$1,437$955$616$389$241$90
37 years$1,383$907$577$358$219$79
38 years$1,332$862$540$330$198$69
39 years$1,283$819$506$305$180$60
40 years$1,237$779$474$281$163$53
41 years$1,194$742$445$259$148$46
42 years$1,152$707$417$239$134$41
43 years$1,113$673$392$221$122$36
44 years$1,075$642$368$204$111$31
45 years$1,040$612$345$188$100$27
46 years$1,005$584$324$174$91$24
47 years$973$557$305$161$83$21
48 years$942$532$286$149$75$18
49 years$912$508$269$137$68$16
50 years$884$485$253$127$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $905,000, adding $4,065 every year, while hoping to spend $50,007 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: 33/42/25 Blend
62$905,000$905,000$905,000$905,000
63$1,001,503$953,538$939,511$1,026,800
64$1,050,449$947,054$917,777$1,039,722
65$1,102,712$938,577$893,640$1,048,861
66$1,158,577$927,955$866,965$1,057,713
67$1,218,356$915,030$837,613$1,066,286
68$1,282,394$899,632$805,438$1,074,592
69$1,351,066$881,582$770,288$1,082,650
70$1,424,786$860,690$732,004$1,090,485
71$1,504,006$836,756$690,418$1,098,131
72$1,589,224$809,567$645,357$1,105,630
73$1,680,987$778,897$596,638$1,113,035
74$1,779,894$744,509$544,071$1,120,409
75$1,886,603$706,150$487,458$1,127,831
76$2,001,840$663,555$426,591$1,135,392
77$2,126,399$616,440$361,253$1,143,202
78$2,261,154$564,509$291,218$1,151,389
79$2,407,068$507,446$216,249$1,160,103
80$2,565,196$444,917$136,101$1,169,518
81$2,736,700$376,572$50,514$1,179,835
82$2,922,858$302,039$0$1,191,285
83$3,125,075$220,924$0$1,215,023
84$3,344,896$132,814$0$1,255,552
85$3,584,023$37,269$0$1,299,808
86$3,844,327$0$0$1,348,267
87$4,127,865$0$0$1,432,044
88$4,436,904$0$0$1,542,252
89$4,773,937$0$0$1,662,573
90$5,141,708$0$0$1,794,000
91$5,543,237$0$0$1,937,632
92$5,981,851$0$0$2,094,674
93$6,461,209$0$0$2,266,456
94$6,985,342$0$0$2,454,440
95$7,558,686$0$0$2,660,239
96$8,186,128$0$0$2,885,625
97$8,873,048$0$0$3,132,553
98$9,625,369$0$0$3,403,174
99$10,449,616$0$0$3,699,858
100$11,352,974$0$0$4,025,215