Can I retire at age 63 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$74,982$74,314$73,662$73,026$72,405$70,003
2 years$37,120$36,428$35,758$35,109$34,479$32,082
3 years$24,501$23,806$23,138$22,495$21,875$19,559
4 years$18,192$17,500$16,839$16,206$15,601$13,384
5 years$14,408$13,720$13,067$12,448$11,860$9,746
6 years$11,887$11,204$10,560$9,955$9,384$7,377
7 years$10,086$9,409$8,776$8,184$7,632$5,730
8 years$8,736$8,065$7,443$6,866$6,331$4,534
9 years$7,687$7,022$6,410$5,848$5,332$3,636
10 years$6,848$6,190$5,589$5,041$4,543$2,947
11 years$6,162$5,510$4,920$4,387$3,907$2,408
12 years$5,591$4,946$4,366$3,848$3,386$1,979
13 years$5,108$4,470$3,901$3,397$2,953$1,635
14 years$4,694$4,063$3,505$3,016$2,588$1,357
15 years$4,336$3,711$3,165$2,690$2,279$1,129
16 years$4,023$3,405$2,869$2,408$2,014$943
17 years$3,747$3,136$2,611$2,164$1,786$788
18 years$3,502$2,898$2,383$1,950$1,588$661
19 years$3,283$2,686$2,182$1,762$1,415$555
20 years$3,086$2,496$2,002$1,596$1,264$466
21 years$2,908$2,325$1,842$1,448$1,131$392
22 years$2,747$2,170$1,698$1,317$1,014$330
23 years$2,599$2,029$1,567$1,199$910$278
24 years$2,465$1,901$1,450$1,094$818$235
25 years$2,341$1,784$1,343$999$736$198
26 years$2,227$1,677$1,245$913$663$167
27 years$2,121$1,578$1,156$836$598$141
28 years$2,024$1,487$1,075$766$539$119
29 years$1,933$1,403$1,000$702$487$101
30 years$1,848$1,325$932$645$440$85
31 years$1,769$1,253$869$592$398$72
32 years$1,695$1,185$810$544$360$61
33 years$1,626$1,122$757$500$326$51
34 years$1,561$1,064$707$460$295$43
35 years$1,500$1,009$661$424$267$37
36 years$1,442$958$618$390$242$31
37 years$1,388$910$579$360$219$26
38 years$1,336$864$542$331$199$22
39 years$1,288$822$508$306$180$19
40 years$1,241$782$476$282$164$16
41 years$1,198$744$446$260$148$13
42 years$1,156$709$419$240$135$11
43 years$1,116$676$393$222$122$10
44 years$1,079$644$369$205$111$8
45 years$1,043$614$346$189$101$7
46 years$1,009$586$325$175$91$6
47 years$976$559$306$161$83$5
48 years$945$534$287$149$75$4
49 years$915$510$270$138$68$4
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $908,000, adding $3,893 every year, while hoping to spend $34,465 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: 43/35/22 Blend
62$908,000$908,000$908,000$908,000
63$1,004,632$956,508$942,434$1,041,243
64$1,070,434$966,706$937,335$1,077,791
65$1,141,792$976,249$930,910$1,113,727
66$1,219,238$985,068$923,078$1,151,964
67$1,303,354$993,090$913,755$1,192,733
68$1,394,782$1,000,238$902,852$1,236,289
69$1,494,228$1,006,428$890,276$1,282,915
70$1,602,469$1,011,572$875,930$1,332,925
71$1,720,359$1,015,577$859,711$1,386,667
72$1,848,839$1,018,344$841,515$1,444,524
73$1,988,943$1,019,765$821,228$1,506,925
74$2,141,810$1,019,729$798,735$1,574,339
75$2,308,695$1,018,116$773,913$1,647,291
76$2,490,978$1,014,799$746,634$1,726,359
77$2,690,177$1,009,644$716,766$1,812,182
78$2,907,966$1,002,508$684,169$1,905,470
79$3,146,187$993,238$648,696$2,007,007
80$3,406,866$981,676$610,196$2,117,659
81$3,692,238$967,649$568,509$2,238,386
82$4,004,760$950,978$523,468$2,370,250
83$4,347,141$931,471$474,899$2,514,424
84$4,722,362$908,926$422,621$2,672,205
85$5,133,708$883,128$366,444$2,845,028
86$5,584,796$853,851$306,170$3,034,478
87$6,079,610$820,854$241,591$3,242,308
88$6,622,537$783,883$172,491$3,470,456
89$7,218,411$742,669$98,645$3,721,061
90$7,872,556$696,927$19,816$3,996,488
91$8,590,837$646,356$0$4,299,350
92$9,379,713$590,639$0$4,647,630
93$10,246,303$529,439$0$5,035,365
94$11,198,445$462,400$0$5,461,482
95$12,244,776$389,148$0$5,929,937
96$13,394,812$309,285$0$6,445,091
97$14,659,036$222,393$0$7,011,758
98$16,048,996$128,028$0$7,635,247
99$17,577,416$25,724$0$8,321,416
100$19,258,315$0$0$9,076,726