Can I retire at age 63 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$70,523$69,894$69,281$68,683$68,099$65,709
2 years$34,912$34,262$33,632$33,021$32,428$30,045
3 years$23,044$22,391$21,762$21,157$20,574$18,273
4 years$17,110$16,459$15,837$15,242$14,673$12,472
5 years$13,551$12,904$12,290$11,708$11,154$9,059
6 years$11,180$10,537$9,932$9,363$8,826$6,838
7 years$9,486$8,849$8,254$7,697$7,178$5,296
8 years$8,217$7,585$7,000$6,457$5,955$4,178
9 years$7,230$6,605$6,029$5,500$5,015$3,341
10 years$6,441$5,822$5,256$4,741$4,273$2,699
11 years$5,795$5,183$4,628$4,126$3,675$2,198
12 years$5,258$4,652$4,107$3,619$3,185$1,801
13 years$4,804$4,204$3,669$3,195$2,777$1,483
14 years$4,415$3,821$3,297$2,836$2,434$1,226
15 years$4,078$3,491$2,977$2,530$2,143$1,017
16 years$3,784$3,203$2,699$2,265$1,894$846
17 years$3,524$2,949$2,456$2,035$1,680$705
18 years$3,294$2,725$2,242$1,834$1,493$588
19 years$3,088$2,526$2,052$1,657$1,331$492
20 years$2,902$2,347$1,883$1,501$1,189$412
21 years$2,735$2,186$1,732$1,362$1,064$345
22 years$2,583$2,041$1,597$1,239$954$290
23 years$2,445$1,909$1,474$1,128$856$243
24 years$2,318$1,788$1,363$1,029$770$204
25 years$2,202$1,678$1,263$940$692$171
26 years$2,094$1,577$1,171$859$624$144
27 years$1,995$1,484$1,088$786$562$121
28 years$1,903$1,399$1,011$720$507$102
29 years$1,818$1,320$941$661$458$86
30 years$1,738$1,246$876$606$414$72
31 years$1,664$1,178$817$557$374$61
32 years$1,595$1,115$762$512$339$51
33 years$1,529$1,056$712$471$306$43
34 years$1,468$1,001$665$433$277$36
35 years$1,411$949$622$399$251$31
36 years$1,356$901$582$367$228$26
37 years$1,305$855$544$338$206$22
38 years$1,257$813$510$312$187$18
39 years$1,211$773$478$287$170$15
40 years$1,168$736$448$265$154$13
41 years$1,126$700$420$245$140$11
42 years$1,087$667$394$226$127$9
43 years$1,050$635$369$208$115$8
44 years$1,015$606$347$192$104$7
45 years$981$577$326$178$95$5
46 years$949$551$306$164$86$5
47 years$918$526$287$152$78$4
48 years$889$502$270$140$71$3
49 years$861$479$254$130$64$3
50 years$834$458$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $854,000, adding $2,829 every year, while hoping to spend $34,616 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: 57/29/14 Blend
62$854,000$854,000$854,000$854,000
63$944,026$898,764$885,527$994,296
64$1,003,486$905,972$878,361$1,035,863
65$1,067,850$912,374$869,795$1,077,090
66$1,137,582$917,892$859,745$1,121,208
67$1,213,193$922,446$848,124$1,168,502
68$1,295,243$925,950$834,840$1,219,283
69$1,384,349$928,313$819,798$1,273,897
70$1,481,188$929,436$802,897$1,332,726
71$1,586,508$929,217$784,033$1,396,194
72$1,701,129$927,545$763,095$1,464,765
73$1,825,954$924,305$739,969$1,538,955
74$1,961,978$919,373$714,534$1,619,335
75$2,110,294$912,616$686,666$1,706,532
76$2,272,107$903,897$656,231$1,801,243
77$2,448,741$893,067$623,094$1,904,234
78$2,641,655$879,970$587,111$2,016,355
79$2,852,456$864,441$548,131$2,138,541
80$3,082,911$846,303$505,998$2,271,827
81$3,334,967$825,371$460,548$2,417,356
82$3,610,767$801,447$411,609$2,576,390
83$3,912,671$774,324$359,004$2,750,322
84$4,243,278$743,780$302,545$2,940,689
85$4,605,449$709,582$242,037$3,149,191
86$5,002,337$671,483$177,277$3,377,704
87$5,437,411$629,222$108,052$3,628,296
88$5,914,496$582,523$34,141$3,903,254
89$6,437,801$531,093$0$4,205,099
90$7,011,964$474,624$0$4,543,300
91$7,642,093$412,789$0$4,920,123
92$8,333,815$345,245$0$5,333,892
93$9,093,328$271,625$0$5,788,389
94$9,927,459$191,547$0$6,287,787
95$10,843,730$104,602$0$6,836,685
96$11,850,426$10,364$0$7,440,157
97$12,956,675$0$0$8,103,799
98$14,172,533$0$0$8,863,021
99$15,509,078$0$0$9,701,320
100$16,978,516$0$0$10,623,055