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%11.4%
1 years$70,357$69,731$69,119$68,522$67,940$67,540
2 years$34,830$34,182$33,553$32,943$32,352$31,949
3 years$22,990$22,338$21,711$21,107$20,526$20,131
4 years$17,070$16,421$15,800$15,207$14,639$14,257
5 years$13,520$12,874$12,262$11,680$11,128$10,759
6 years$11,153$10,513$9,909$9,341$8,805$8,450
7 years$9,464$8,829$8,235$7,679$7,161$6,819
8 years$8,197$7,568$6,984$6,442$5,941$5,613
9 years$7,213$6,589$6,015$5,487$5,003$4,689
10 years$6,425$5,808$5,244$4,730$4,263$3,962
11 years$5,782$5,170$4,617$4,117$3,666$3,379
12 years$5,246$4,641$4,097$3,611$3,177$2,902
13 years$4,793$4,194$3,661$3,188$2,770$2,509
14 years$4,405$3,812$3,289$2,830$2,429$2,179
15 years$4,068$3,482$2,970$2,524$2,138$1,901
16 years$3,775$3,195$2,692$2,260$1,890$1,665
17 years$3,516$2,943$2,450$2,030$1,676$1,462
18 years$3,286$2,719$2,236$1,830$1,490$1,287
19 years$3,080$2,520$2,047$1,653$1,328$1,136
20 years$2,896$2,342$1,879$1,497$1,186$1,005
21 years$2,729$2,181$1,728$1,359$1,062$890
22 years$2,577$2,036$1,593$1,236$951$790
23 years$2,439$1,904$1,471$1,125$854$701
24 years$2,313$1,784$1,360$1,026$768$624
25 years$2,197$1,674$1,260$937$691$555
26 years$2,090$1,574$1,168$857$622$495
27 years$1,991$1,481$1,085$784$561$441
28 years$1,899$1,396$1,009$719$506$394
29 years$1,814$1,317$939$659$457$352
30 years$1,734$1,243$874$605$413$314
31 years$1,660$1,175$815$556$373$281
32 years$1,591$1,112$760$511$338$251
33 years$1,526$1,053$710$469$306$225
34 years$1,465$998$663$432$277$201
35 years$1,407$947$620$398$251$180
36 years$1,353$899$580$366$227$161
37 years$1,302$853$543$337$206$144
38 years$1,254$811$509$311$187$129
39 years$1,208$771$476$287$169$116
40 years$1,165$734$447$265$154$104
41 years$1,124$699$419$244$139$93
42 years$1,085$665$393$225$126$84
43 years$1,048$634$369$208$115$75
44 years$1,012$604$346$192$104$67
45 years$979$576$325$177$95$60
46 years$947$550$305$164$86$54
47 years$916$525$287$151$78$48
48 years$887$501$269$140$71$43
49 years$859$478$253$129$64$39
50 years$832$457$238$119$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $852,000, adding $3,998 every year, while hoping to spend $24,629 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: 48/22/30 Blend
62$852,000$852,000$852,000$852,000
63$943,028$897,872$884,666$980,038
64$1,013,012$915,663$888,097$1,024,343
65$1,089,308$933,500$890,818$1,069,718
66$1,172,536$951,359$892,778$1,118,531
67$1,263,374$969,215$893,926$1,171,119
68$1,362,572$987,041$894,206$1,227,855
69$1,470,954$1,004,805$893,562$1,289,149
70$1,589,427$1,022,476$891,931$1,355,456
71$1,718,989$1,040,018$889,252$1,427,277
72$1,860,742$1,057,395$885,458$1,505,163
73$2,015,895$1,074,564$880,478$1,589,726
74$2,185,782$1,091,484$874,240$1,681,636
75$2,371,873$1,108,108$866,668$1,781,638
76$2,575,784$1,124,385$857,681$1,890,549
77$2,799,295$1,140,262$847,195$2,009,275
78$3,044,370$1,155,681$835,123$2,138,811
79$3,313,168$1,170,582$821,372$2,280,259
80$3,608,069$1,184,898$805,846$2,434,832
81$3,931,695$1,198,561$788,444$2,603,869
82$4,286,931$1,211,494$769,060$2,788,847
83$4,676,959$1,223,618$747,585$2,991,396
84$5,105,282$1,234,848$723,902$3,213,315
85$5,575,759$1,245,094$697,891$3,456,585
86$6,092,641$1,254,258$669,425$3,723,395
87$6,660,612$1,262,239$638,373$4,016,156
88$7,284,832$1,268,925$604,595$4,337,532
89$7,970,984$1,274,202$567,949$4,690,456
90$8,725,331$1,277,945$528,282$5,078,166
91$9,554,774$1,280,023$485,438$5,504,232
92$10,466,912$1,280,295$439,251$5,972,592
93$11,470,121$1,278,614$389,550$6,487,589
94$12,573,628$1,274,821$336,155$7,054,012
95$13,787,600$1,268,749$278,878$7,677,140
96$15,123,239$1,260,221$217,524$8,362,799
97$16,592,885$1,249,048$151,887$9,117,410
98$18,210,138$1,235,030$81,754$9,948,053
99$19,989,982$1,217,956$6,902$10,862,536
100$21,948,926$1,197,601$0$11,869,469