Can I retire at age 63 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$70,440$69,813$69,200$68,603$68,019$67,253
2 years$34,871$34,222$33,592$32,982$32,390$31,619
3 years$23,017$22,364$21,737$21,132$20,550$19,797
4 years$17,090$16,440$15,819$15,224$14,656$13,928
5 years$13,536$12,889$12,276$11,694$11,141$10,440
6 years$11,167$10,525$9,921$9,352$8,816$8,142
7 years$9,475$8,839$8,244$7,688$7,170$6,524
8 years$8,207$7,577$6,992$6,450$5,948$5,330
9 years$7,221$6,597$6,022$5,494$5,009$4,419
10 years$6,433$5,815$5,250$4,736$4,268$3,705
11 years$5,789$5,177$4,622$4,121$3,671$3,134
12 years$5,252$4,646$4,102$3,615$3,181$2,670
13 years$4,798$4,199$3,665$3,192$2,774$2,289
14 years$4,410$3,817$3,293$2,833$2,431$1,971
15 years$4,073$3,487$2,973$2,527$2,141$1,705
16 years$3,779$3,199$2,696$2,262$1,892$1,479
17 years$3,520$2,946$2,453$2,033$1,678$1,288
18 years$3,290$2,722$2,239$1,832$1,492$1,123
19 years$3,084$2,523$2,050$1,655$1,330$982
20 years$2,899$2,344$1,881$1,499$1,188$860
21 years$2,732$2,184$1,730$1,361$1,063$755
22 years$2,580$2,038$1,595$1,237$953$663
23 years$2,442$1,907$1,472$1,127$855$583
24 years$2,315$1,786$1,362$1,028$769$514
25 years$2,199$1,676$1,261$938$692$453
26 years$2,092$1,575$1,170$858$623$399
27 years$1,993$1,483$1,086$785$562$352
28 years$1,901$1,397$1,010$720$507$311
29 years$1,816$1,318$940$660$458$275
30 years$1,736$1,245$875$606$414$243
31 years$1,662$1,177$816$556$374$215
32 years$1,593$1,113$761$511$338$190
33 years$1,528$1,054$711$470$306$168
34 years$1,466$999$664$432$277$149
35 years$1,409$948$621$398$251$132
36 years$1,355$900$581$367$227$117
37 years$1,304$854$544$338$206$104
38 years$1,255$812$509$311$187$92
39 years$1,210$772$477$287$169$81
40 years$1,166$735$447$265$154$72
41 years$1,125$699$419$244$139$64
42 years$1,086$666$393$225$127$57
43 years$1,049$635$369$208$115$50
44 years$1,013$605$346$192$104$45
45 years$980$577$325$177$95$40
46 years$948$550$306$164$86$35
47 years$917$525$287$151$78$31
48 years$888$501$270$140$71$28
49 years$860$479$254$129$64$24
50 years$833$457$238$120$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $853,000, adding $6,606 every year, while hoping to spend $53,980 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: 66/25/9 Blend
62$853,000$853,000$853,000$853,000
63$946,820$901,611$888,390$1,007,160
64$985,961$888,356$860,716$1,034,884
65$1,027,286$872,642$830,307$1,058,140
66$1,070,960$854,291$797,012$1,082,149
67$1,117,163$833,117$760,678$1,106,980
68$1,166,093$808,920$721,140$1,132,709
69$1,217,966$781,488$678,230$1,159,421
70$1,273,018$750,600$631,770$1,187,214
71$1,331,506$716,020$581,574$1,216,195
72$1,393,711$677,497$527,449$1,246,487
73$1,459,943$634,767$469,192$1,278,226
74$1,530,539$587,552$406,591$1,311,564
75$1,605,868$535,557$339,426$1,346,673
76$1,686,337$478,469$267,467$1,383,745
77$1,772,388$415,959$190,472$1,422,994
78$1,864,509$347,679$108,190$1,464,659
79$1,963,234$273,259$20,359$1,509,008
80$2,069,147$192,313$0$1,556,339
81$2,182,892$104,428$0$1,614,032
82$2,305,174$9,172$0$1,677,958
83$2,436,767$0$0$1,746,600
84$2,578,521$0$0$1,846,288
85$2,731,370$0$0$1,956,541
86$2,896,339$0$0$2,075,580
87$3,074,556$0$0$2,204,225
88$3,267,258$0$0$2,343,375
89$3,475,809$0$0$2,494,019
90$3,701,702$0$0$2,657,245
91$3,946,585$0$0$2,834,248
92$4,212,267$0$0$3,026,344
93$4,500,736$0$0$3,234,978
94$4,814,182$0$0$3,461,741
95$5,155,012$0$0$3,708,382
96$5,525,875$0$0$3,976,828
97$5,929,685$0$0$4,269,196
98$6,369,649$0$0$4,587,818
99$6,849,296$0$0$4,935,259
100$7,372,510$0$0$5,314,342