Can I retire at age 63 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$74,899$74,232$73,581$72,946$72,325$71,570
2 years$37,079$36,388$35,719$35,070$34,441$33,680
3 years$24,474$23,780$23,113$22,470$21,851$21,108
4 years$18,172$17,481$16,820$16,188$15,584$14,866
5 years$14,393$13,705$13,053$12,434$11,847$11,154
6 years$11,873$11,191$10,549$9,944$9,374$8,709
7 years$10,075$9,398$8,766$8,175$7,624$6,985
8 years$8,726$8,056$7,434$6,858$6,324$5,714
9 years$7,678$7,014$6,403$5,841$5,326$4,742
10 years$6,840$6,183$5,582$5,035$4,538$3,981
11 years$6,155$5,504$4,915$4,382$3,903$3,372
12 years$5,584$4,940$4,362$3,844$3,382$2,877
13 years$5,102$4,465$3,897$3,394$2,949$2,469
14 years$4,689$4,058$3,501$3,012$2,585$2,129
15 years$4,331$3,707$3,161$2,687$2,276$1,844
16 years$4,018$3,401$2,866$2,406$2,012$1,602
17 years$3,743$3,132$2,608$2,161$1,784$1,397
18 years$3,498$2,895$2,381$1,948$1,586$1,220
19 years$3,279$2,683$2,180$1,760$1,414$1,068
20 years$3,083$2,493$2,000$1,594$1,263$937
21 years$2,905$2,322$1,840$1,447$1,130$824
22 years$2,744$2,167$1,696$1,315$1,013$725
23 years$2,597$2,027$1,566$1,198$909$638
24 years$2,462$1,899$1,448$1,093$817$563
25 years$2,338$1,782$1,341$998$735$497
26 years$2,224$1,675$1,244$912$662$439
27 years$2,119$1,577$1,155$835$597$388
28 years$2,022$1,486$1,074$765$539$343
29 years$1,931$1,401$999$702$487$304
30 years$1,846$1,324$931$644$440$269
31 years$1,767$1,251$868$591$398$238
32 years$1,694$1,184$810$544$360$211
33 years$1,624$1,121$756$500$325$187
34 years$1,559$1,063$706$460$295$166
35 years$1,498$1,008$660$423$267$147
36 years$1,441$957$618$390$242$131
37 years$1,386$909$578$359$219$116
38 years$1,335$863$541$331$199$103
39 years$1,286$821$507$305$180$91
40 years$1,240$781$475$282$163$81
41 years$1,196$744$446$260$148$72
42 years$1,155$708$418$240$135$64
43 years$1,115$675$392$221$122$57
44 years$1,078$643$368$204$111$51
45 years$1,042$613$346$189$101$45
46 years$1,008$585$325$174$91$40
47 years$975$558$305$161$83$35
48 years$944$533$287$149$75$31
49 years$914$509$270$138$68$28
50 years$886$486$253$127$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $907,000, adding $6,437 every year, while hoping to spend $28,482 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: 82/11/7 Blend
62$907,000$907,000$907,000$907,000
63$1,006,154$958,083$944,024$1,087,443
64$1,078,477$974,724$945,344$1,158,188
65$1,157,222$991,226$945,754$1,231,367
66$1,243,015$1,007,553$945,193$1,310,826
67$1,336,543$1,023,663$943,598$1,397,178
68$1,438,563$1,039,515$940,901$1,491,097
69$1,549,909$1,055,064$937,033$1,593,326
70$1,671,497$1,070,259$931,921$1,704,684
71$1,804,337$1,085,049$925,488$1,826,070
72$1,949,541$1,099,378$917,653$1,958,477
73$2,108,332$1,113,186$908,333$2,102,998
74$2,282,058$1,126,408$897,438$2,260,836
75$2,472,202$1,138,977$884,876$2,433,319
76$2,680,398$1,150,818$870,552$2,621,906
77$2,908,446$1,161,855$854,362$2,828,207
78$3,158,325$1,172,004$836,201$3,053,996
79$3,432,219$1,181,176$815,958$3,301,226
80$3,732,530$1,189,278$793,517$3,572,049
81$4,061,904$1,196,210$768,756$3,868,837
82$4,423,257$1,201,863$741,549$4,194,202
83$4,819,801$1,206,125$711,761$4,551,023
84$5,255,070$1,208,875$679,256$4,942,474
85$5,732,962$1,209,985$643,886$5,372,047
86$6,257,769$1,209,319$605,500$5,843,597
87$6,834,217$1,206,731$563,940$6,361,365
88$7,467,514$1,202,068$519,039$6,930,030
89$8,163,398$1,195,167$470,625$7,554,744
90$8,928,190$1,185,855$418,516$8,241,185
91$9,768,853$1,173,949$362,523$8,995,612
92$10,693,057$1,159,255$302,449$9,824,920
93$11,709,256$1,141,565$238,088$10,736,708
94$12,826,760$1,120,662$169,224$11,739,350
95$14,055,829$1,096,314$95,633$12,842,074
96$15,407,767$1,068,276$17,080$14,055,049
97$16,895,027$1,036,290$0$15,389,482
98$18,531,331$1,000,079$0$16,862,707
99$20,331,798$959,354$0$18,485,034
100$22,313,086$913,807$0$20,270,203