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%13.2%
1 years$70,523$69,894$69,281$68,683$68,099$67,193
2 years$34,912$34,262$33,632$33,021$32,428$31,516
3 years$23,044$22,391$21,762$21,157$20,574$19,685
4 years$17,110$16,459$15,837$15,242$14,673$13,814
5 years$13,551$12,904$12,290$11,708$11,154$10,328
6 years$11,180$10,537$9,932$9,363$8,826$8,033
7 years$9,486$8,849$8,254$7,697$7,178$6,418
8 years$8,217$7,585$7,000$6,457$5,955$5,229
9 years$7,230$6,605$6,029$5,500$5,015$4,322
10 years$6,441$5,822$5,256$4,741$4,273$3,613
11 years$5,795$5,183$4,628$4,126$3,675$3,047
12 years$5,258$4,652$4,107$3,619$3,185$2,588
13 years$4,804$4,204$3,669$3,195$2,777$2,211
14 years$4,415$3,821$3,297$2,836$2,434$1,898
15 years$4,078$3,491$2,977$2,530$2,143$1,636
16 years$3,784$3,203$2,699$2,265$1,894$1,415
17 years$3,524$2,949$2,456$2,035$1,680$1,227
18 years$3,294$2,725$2,242$1,834$1,493$1,067
19 years$3,088$2,526$2,052$1,657$1,331$929
20 years$2,902$2,347$1,883$1,501$1,189$811
21 years$2,735$2,186$1,732$1,362$1,064$709
22 years$2,583$2,041$1,597$1,239$954$620
23 years$2,445$1,909$1,474$1,128$856$544
24 years$2,318$1,788$1,363$1,029$770$477
25 years$2,202$1,678$1,263$940$692$419
26 years$2,094$1,577$1,171$859$624$368
27 years$1,995$1,484$1,088$786$562$323
28 years$1,903$1,399$1,011$720$507$284
29 years$1,818$1,320$941$661$458$250
30 years$1,738$1,246$876$606$414$220
31 years$1,664$1,178$817$557$374$194
32 years$1,595$1,115$762$512$339$171
33 years$1,529$1,056$712$471$306$151
34 years$1,468$1,001$665$433$277$133
35 years$1,411$949$622$399$251$117
36 years$1,356$901$582$367$228$103
37 years$1,305$855$544$338$206$91
38 years$1,257$813$510$312$187$80
39 years$1,211$773$478$287$170$71
40 years$1,168$736$448$265$154$63
41 years$1,126$700$420$245$140$55
42 years$1,087$667$394$226$127$49
43 years$1,050$635$369$208$115$43
44 years$1,015$606$347$192$104$38
45 years$981$577$326$178$95$34
46 years$949$551$306$164$86$30
47 years$918$526$287$152$78$26
48 years$889$502$270$140$71$23
49 years$861$479$254$130$64$20
50 years$834$458$239$120$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $854,000, adding $3,003 every year, while hoping to spend $45,702 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: 56/16/28 Blend
62$854,000$854,000$854,000$854,000
63$944,206$898,944$885,707$989,642
64$991,888$894,365$866,751$1,016,660
65$1,042,902$888,031$845,629$1,041,080
66$1,097,540$879,806$822,219$1,066,761
67$1,156,121$869,548$796,396$1,093,839
68$1,218,996$857,107$768,026$1,122,467
69$1,286,551$842,322$736,971$1,152,818
70$1,359,207$825,024$703,088$1,185,080
71$1,437,429$805,034$666,225$1,219,467
72$1,521,727$782,160$626,223$1,256,215
73$1,612,660$756,203$582,919$1,295,590
74$1,710,843$726,949$536,138$1,337,884
75$1,816,953$694,173$485,702$1,383,425
76$1,931,731$657,636$431,422$1,432,577
77$2,055,993$617,086$373,101$1,485,744
78$2,190,639$572,258$310,534$1,543,378
79$2,336,654$522,868$243,506$1,605,976
80$2,495,123$468,619$171,794$1,674,094
81$2,667,240$409,196$95,164$1,748,349
82$2,854,317$344,266$13,371$1,829,425
83$3,057,800$273,477$0$1,918,079
84$3,279,277$196,459$0$2,037,238
85$3,520,497$112,818$0$2,171,448
86$3,783,382$22,142$0$2,317,829
87$4,070,052$0$0$2,477,614
88$4,382,836$0$0$2,665,544
89$4,724,300$0$0$2,875,034
90$5,097,267$0$0$3,103,926
91$5,504,846$0$0$3,354,137
92$5,950,460$0$0$3,627,779
93$6,437,875$0$0$3,927,175
94$6,971,242$0$0$4,254,885
95$7,555,129$0$0$4,613,726
96$8,194,565$0$0$5,006,801
97$8,895,092$0$0$5,437,528
98$9,662,810$0$0$5,909,670
99$10,504,438$0$0$6,427,373
100$11,427,377$0$0$6,995,200