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%19.9%
1 years$70,440$69,813$69,200$68,603$68,019$65,321
2 years$34,871$34,222$33,592$32,982$32,390$29,705
3 years$23,017$22,364$21,737$21,132$20,550$17,962
4 years$17,090$16,440$15,819$15,224$14,656$12,186
5 years$13,536$12,889$12,276$11,694$11,141$8,795
6 years$11,167$10,525$9,921$9,352$8,816$6,595
7 years$9,475$8,839$8,244$7,688$7,170$5,073
8 years$8,207$7,577$6,992$6,450$5,948$3,974
9 years$7,221$6,597$6,022$5,494$5,009$3,154
10 years$6,433$5,815$5,250$4,736$4,268$2,529
11 years$5,789$5,177$4,622$4,121$3,671$2,043
12 years$5,252$4,646$4,102$3,615$3,181$1,661
13 years$4,798$4,199$3,665$3,192$2,774$1,356
14 years$4,410$3,817$3,293$2,833$2,431$1,112
15 years$4,073$3,487$2,973$2,527$2,141$914
16 years$3,779$3,199$2,696$2,262$1,892$754
17 years$3,520$2,946$2,453$2,033$1,678$623
18 years$3,290$2,722$2,239$1,832$1,492$515
19 years$3,084$2,523$2,050$1,655$1,330$427
20 years$2,899$2,344$1,881$1,499$1,188$354
21 years$2,732$2,184$1,730$1,361$1,063$294
22 years$2,580$2,038$1,595$1,237$953$244
23 years$2,442$1,907$1,472$1,127$855$203
24 years$2,315$1,786$1,362$1,028$769$169
25 years$2,199$1,676$1,261$938$692$141
26 years$2,092$1,575$1,170$858$623$117
27 years$1,993$1,483$1,086$785$562$98
28 years$1,901$1,397$1,010$720$507$81
29 years$1,816$1,318$940$660$458$68
30 years$1,736$1,245$875$606$414$56
31 years$1,662$1,177$816$556$374$47
32 years$1,593$1,113$761$511$338$39
33 years$1,528$1,054$711$470$306$33
34 years$1,466$999$664$432$277$27
35 years$1,409$948$621$398$251$23
36 years$1,355$900$581$367$227$19
37 years$1,304$854$544$338$206$16
38 years$1,255$812$509$311$187$13
39 years$1,210$772$477$287$169$11
40 years$1,166$735$447$265$154$9
41 years$1,125$699$419$244$139$8
42 years$1,086$666$393$225$127$6
43 years$1,049$635$369$208$115$5
44 years$1,013$605$346$192$104$4
45 years$980$577$325$177$95$4
46 years$948$550$306$164$86$3
47 years$917$525$287$151$78$3
48 years$888$501$270$140$71$2
49 years$860$479$254$129$64$2
50 years$833$457$238$120$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $853,000, adding $5,330 every year, while hoping to spend $33,900 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: 65/8/27 Blend
62$853,000$853,000$853,000$853,000
63$945,504$900,295$887,073$999,915
64$1,005,876$908,340$880,721$1,045,357
65$1,071,270$915,643$873,020$1,090,752
66$1,142,162$922,132$863,888$1,139,622
67$1,219,076$927,730$853,242$1,192,310
68$1,302,588$932,356$840,992$1,249,199
69$1,393,333$935,921$827,046$1,310,708
70$1,492,006$938,335$811,306$1,377,304
71$1,599,376$939,499$793,670$1,449,498
72$1,716,286$939,308$774,031$1,527,856
73$1,843,664$937,651$752,278$1,613,003
74$1,982,533$934,411$728,295$1,705,630
75$2,134,017$929,463$701,959$1,806,497
76$2,299,355$922,675$673,142$1,916,444
77$2,479,909$913,905$641,712$2,036,399
78$2,677,178$903,005$607,528$2,167,384
79$2,892,815$889,818$570,445$2,310,530
80$3,128,638$874,174$530,311$2,467,081
81$3,386,649$855,899$486,966$2,638,413
82$3,669,052$834,802$440,244$2,826,043
83$3,978,274$810,687$389,971$3,031,644
84$4,316,989$783,341$335,966$3,257,063
85$4,688,140$752,543$278,039$3,504,337
86$5,094,969$718,057$215,992$3,775,714
87$5,541,047$679,632$149,619$4,073,672
88$6,030,306$637,007$78,703$4,400,946
89$6,567,078$589,901$3,021$4,760,553
90$7,156,134$538,019$0$5,155,821
91$7,802,728$481,051$0$5,612,816
92$8,512,650$418,667$0$6,115,574
93$9,292,277$350,518$0$6,667,760
94$10,148,633$276,236$0$7,274,376
95$11,089,456$195,434$0$7,940,931
96$12,123,271$107,702$0$8,673,497
97$13,259,470$12,605$0$9,478,764
98$14,508,400$0$0$10,364,103
99$15,881,459$0$0$11,345,591
100$17,391,207$0$0$12,426,068