Can I retire at age 63 with 852,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$70,357$69,731$69,119$68,522$67,940$67,568
2 years$34,830$34,182$33,553$32,943$32,352$31,977
3 years$22,990$22,338$21,711$21,107$20,526$20,159
4 years$17,070$16,421$15,800$15,207$14,639$14,283
5 years$13,520$12,874$12,262$11,680$11,128$10,785
6 years$11,153$10,513$9,909$9,341$8,805$8,475
7 years$9,464$8,829$8,235$7,679$7,161$6,843
8 years$8,197$7,568$6,984$6,442$5,941$5,636
9 years$7,213$6,589$6,015$5,487$5,003$4,710
10 years$6,425$5,808$5,244$4,730$4,263$3,983
11 years$5,782$5,170$4,617$4,117$3,666$3,398
12 years$5,246$4,641$4,097$3,611$3,177$2,921
13 years$4,793$4,194$3,661$3,188$2,770$2,527
14 years$4,405$3,812$3,289$2,830$2,429$2,196
15 years$4,068$3,482$2,970$2,524$2,138$1,917
16 years$3,775$3,195$2,692$2,260$1,890$1,680
17 years$3,516$2,943$2,450$2,030$1,676$1,476
18 years$3,286$2,719$2,236$1,830$1,490$1,301
19 years$3,080$2,520$2,047$1,653$1,328$1,149
20 years$2,896$2,342$1,879$1,497$1,186$1,017
21 years$2,729$2,181$1,728$1,359$1,062$901
22 years$2,577$2,036$1,593$1,236$951$800
23 years$2,439$1,904$1,471$1,125$854$711
24 years$2,313$1,784$1,360$1,026$768$633
25 years$2,197$1,674$1,260$937$691$564
26 years$2,090$1,574$1,168$857$622$503
27 years$1,991$1,481$1,085$784$561$449
28 years$1,899$1,396$1,009$719$506$401
29 years$1,814$1,317$939$659$457$358
30 years$1,734$1,243$874$605$413$320
31 years$1,660$1,175$815$556$373$287
32 years$1,591$1,112$760$511$338$257
33 years$1,526$1,053$710$469$306$230
34 years$1,465$998$663$432$277$206
35 years$1,407$947$620$398$251$184
36 years$1,353$899$580$366$227$165
37 years$1,302$853$543$337$206$148
38 years$1,254$811$509$311$187$133
39 years$1,208$771$476$287$169$119
40 years$1,165$734$447$265$154$107
41 years$1,124$699$419$244$139$96
42 years$1,085$665$393$225$126$86
43 years$1,048$634$369$208$115$77
44 years$1,012$604$346$192$104$69
45 years$979$576$325$177$95$62
46 years$947$550$305$164$86$56
47 years$916$525$287$151$78$50
48 years$887$501$269$140$71$45
49 years$859$478$253$129$64$40
50 years$832$457$238$119$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $852,000, adding $5,963 every year, while hoping to spend $40,021 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: 53/19/28 Blend
62$852,000$852,000$852,000$852,000
63$945,055$899,899$886,693$987,471
64$998,868$901,412$873,815$1,019,022
65$1,056,830$901,658$859,164$1,048,782
66$1,119,319$900,532$842,640$1,080,374
67$1,186,756$897,924$824,134$1,113,989
68$1,259,599$893,716$803,536$1,149,842
69$1,338,353$887,783$780,730$1,188,167
70$1,423,574$879,994$755,593$1,229,229
71$1,515,872$870,206$727,999$1,273,318
72$1,615,917$858,273$697,813$1,320,758
73$1,724,448$844,036$664,898$1,371,910
74$1,842,276$827,329$629,106$1,427,170
75$1,970,294$807,973$590,287$1,486,982
76$2,109,483$785,782$548,280$1,551,835
77$2,260,923$760,558$502,920$1,622,272
78$2,425,802$732,091$454,033$1,698,897
79$2,605,428$700,158$401,438$1,782,376
80$2,801,240$664,524$344,944$1,873,447
81$3,014,822$624,941$284,355$1,972,929
82$3,247,917$581,146$219,464$2,081,729
83$3,502,443$532,861$150,055$2,200,849
84$3,780,514$479,792$75,903$2,331,399
85$4,084,453$421,629$0$2,474,608
86$4,416,821$358,042$0$2,632,800
87$4,780,437$288,687$0$2,830,775
88$5,178,404$213,195$0$3,047,573
89$5,614,141$131,181$0$3,285,111
90$6,091,410$42,236$0$3,545,506
91$6,614,356$0$0$3,831,092
92$7,187,544$0$0$4,155,749
93$7,816,000$0$0$4,521,476
94$8,505,262$0$0$4,922,675
95$9,261,428$0$0$5,362,906
96$10,091,214$0$0$5,846,092
97$11,002,020$0$0$6,376,552
98$12,001,996$0$0$6,959,045
99$13,100,118$0$0$7,598,813
100$14,306,278$0$0$8,301,631