Can I retire at age 63 with 852,000?

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 $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%20%
1 years$70,357$69,731$69,119$68,522$67,940$65,218
2 years$34,830$34,182$33,553$32,943$32,352$29,645
3 years$22,990$22,338$21,711$21,107$20,526$17,917
4 years$17,070$16,421$15,800$15,207$14,639$12,149
5 years$13,520$12,874$12,262$11,680$11,128$8,764
6 years$11,153$10,513$9,909$9,341$8,805$6,568
7 years$9,464$8,829$8,235$7,679$7,161$5,049
8 years$8,197$7,568$6,984$6,442$5,941$3,953
9 years$7,213$6,589$6,015$5,487$5,003$3,136
10 years$6,425$5,808$5,244$4,730$4,263$2,512
11 years$5,782$5,170$4,617$4,117$3,666$2,029
12 years$5,246$4,641$4,097$3,611$3,177$1,648
13 years$4,793$4,194$3,661$3,188$2,770$1,345
14 years$4,405$3,812$3,289$2,830$2,429$1,102
15 years$4,068$3,482$2,970$2,524$2,138$905
16 years$3,775$3,195$2,692$2,260$1,890$746
17 years$3,516$2,943$2,450$2,030$1,676$616
18 years$3,286$2,719$2,236$1,830$1,490$509
19 years$3,080$2,520$2,047$1,653$1,328$421
20 years$2,896$2,342$1,879$1,497$1,186$349
21 years$2,729$2,181$1,728$1,359$1,062$290
22 years$2,577$2,036$1,593$1,236$951$241
23 years$2,439$1,904$1,471$1,125$854$200
24 years$2,313$1,784$1,360$1,026$768$166
25 years$2,197$1,674$1,260$937$691$138
26 years$2,090$1,574$1,168$857$622$115
27 years$1,991$1,481$1,085$784$561$96
28 years$1,899$1,396$1,009$719$506$80
29 years$1,814$1,317$939$659$457$66
30 years$1,734$1,243$874$605$413$55
31 years$1,660$1,175$815$556$373$46
32 years$1,591$1,112$760$511$338$38
33 years$1,526$1,053$710$469$306$32
34 years$1,465$998$663$432$277$27
35 years$1,407$947$620$398$251$22
36 years$1,353$899$580$366$227$18
37 years$1,302$853$543$337$206$15
38 years$1,254$811$509$311$187$13
39 years$1,208$771$476$287$169$11
40 years$1,165$734$447$265$154$9
41 years$1,124$699$419$244$139$7
42 years$1,085$665$393$225$126$6
43 years$1,048$634$369$208$115$5
44 years$1,012$604$346$192$104$4
45 years$979$576$325$177$95$4
46 years$947$550$305$164$86$3
47 years$916$525$287$151$78$2
48 years$887$501$269$140$71$2
49 years$859$478$253$129$64$2
50 years$832$457$238$119$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $852,000, adding $6,234 every year, while hoping to spend $57,251 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: 48/34/18 Blend
62$852,000$852,000$852,000$852,000
63$945,334$900,178$886,972$985,644
64$980,844$883,372$855,771$997,454
65$1,018,056$863,824$821,606$1,003,948
66$1,057,086$841,339$784,317$1,009,778
67$1,098,054$815,710$743,738$1,014,906
68$1,141,095$786,720$699,693$1,019,290
69$1,186,355$754,137$652,000$1,022,893
70$1,233,990$717,716$600,469$1,025,674
71$1,284,172$677,200$544,900$1,027,597
72$1,337,089$632,315$485,086$1,028,622
73$1,392,945$582,770$420,809$1,028,716
74$1,451,961$528,262$351,842$1,027,844
75$1,514,380$468,466$277,948$1,025,975
76$1,580,468$403,041$198,879$1,023,083
77$1,650,512$331,627$114,378$1,019,142
78$1,724,829$253,841$24,174$1,014,135
79$1,803,764$169,282$0$1,008,048
80$1,887,695$77,524$0$1,014,721
81$1,977,035$0$0$1,026,164
82$2,072,237$0$0$1,045,986
83$2,173,797$0$0$1,098,127
84$2,282,256$0$0$1,153,869
85$2,398,211$0$0$1,213,523
86$2,522,313$0$0$1,277,435
87$2,655,276$0$0$1,345,979
88$2,797,886$0$0$1,419,569
89$2,951,003$0$0$1,498,660
90$3,115,572$0$0$1,583,747
91$3,292,629$0$0$1,675,379
92$3,483,313$0$0$1,774,155
93$3,688,874$0$0$1,880,735
94$3,910,685$0$0$1,995,842
95$4,150,256$0$0$2,120,274
96$4,409,244$0$0$2,254,904
97$4,689,473$0$0$2,400,696
98$4,992,945$0$0$2,558,705
99$5,321,864$0$0$2,730,095
100$5,678,651$0$0$2,916,145