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%13.4%
1 years$70,523$69,894$69,281$68,683$68,099$67,137
2 years$34,912$34,262$33,632$33,021$32,428$31,461
3 years$23,044$22,391$21,762$21,157$20,574$19,631
4 years$17,110$16,459$15,837$15,242$14,673$13,763
5 years$13,551$12,904$12,290$11,708$11,154$10,278
6 years$11,180$10,537$9,932$9,363$8,826$7,986
7 years$9,486$8,849$8,254$7,697$7,178$6,374
8 years$8,217$7,585$7,000$6,457$5,955$5,186
9 years$7,230$6,605$6,029$5,500$5,015$4,282
10 years$6,441$5,822$5,256$4,741$4,273$3,575
11 years$5,795$5,183$4,628$4,126$3,675$3,011
12 years$5,258$4,652$4,107$3,619$3,185$2,554
13 years$4,804$4,204$3,669$3,195$2,777$2,179
14 years$4,415$3,821$3,297$2,836$2,434$1,868
15 years$4,078$3,491$2,977$2,530$2,143$1,608
16 years$3,784$3,203$2,699$2,265$1,894$1,389
17 years$3,524$2,949$2,456$2,035$1,680$1,203
18 years$3,294$2,725$2,242$1,834$1,493$1,044
19 years$3,088$2,526$2,052$1,657$1,331$908
20 years$2,902$2,347$1,883$1,501$1,189$791
21 years$2,735$2,186$1,732$1,362$1,064$691
22 years$2,583$2,041$1,597$1,239$954$604
23 years$2,445$1,909$1,474$1,128$856$528
24 years$2,318$1,788$1,363$1,029$770$463
25 years$2,202$1,678$1,263$940$692$405
26 years$2,094$1,577$1,171$859$624$356
27 years$1,995$1,484$1,088$786$562$312
28 years$1,903$1,399$1,011$720$507$274
29 years$1,818$1,320$941$661$458$241
30 years$1,738$1,246$876$606$414$212
31 years$1,664$1,178$817$557$374$186
32 years$1,595$1,115$762$512$339$164
33 years$1,529$1,056$712$471$306$144
34 years$1,468$1,001$665$433$277$127
35 years$1,411$949$622$399$251$112
36 years$1,356$901$582$367$228$98
37 years$1,305$855$544$338$206$87
38 years$1,257$813$510$312$187$76
39 years$1,211$773$478$287$170$67
40 years$1,168$736$448$265$154$59
41 years$1,126$700$420$245$140$52
42 years$1,087$667$394$226$127$46
43 years$1,050$635$369$208$115$41
44 years$1,015$606$347$192$104$36
45 years$981$577$326$178$95$31
46 years$949$551$306$164$86$28
47 years$918$526$287$152$78$24
48 years$889$502$270$140$71$22
49 years$861$479$254$130$64$19
50 years$834$458$239$120$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $854,000, adding $3,532 every year, while hoping to spend $30,766 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: 21/50/29 Blend
62$854,000$854,000$854,000$854,000
63$944,751$899,489$886,252$955,837
64$1,008,381$910,829$883,207$977,621
65$1,077,470$921,694$879,028$998,113
66$1,152,542$932,028$873,646$1,019,353
67$1,234,175$941,770$866,987$1,041,419
68$1,323,003$950,859$858,972$1,064,403
69$1,419,723$959,225$849,522$1,088,407
70$1,525,105$966,797$838,551$1,113,545
71$1,639,994$973,498$825,971$1,139,946
72$1,765,320$979,247$811,688$1,167,754
73$1,902,108$983,955$795,605$1,197,133
74$2,051,486$987,531$777,620$1,228,263
75$2,214,693$989,877$757,627$1,261,348
76$2,393,098$990,886$735,513$1,296,617
77$2,588,204$990,450$711,162$1,334,325
78$2,801,667$988,448$684,453$1,374,755
79$3,035,312$984,757$655,257$1,418,227
80$3,291,146$979,243$623,441$1,465,096
81$3,571,383$971,765$588,865$1,515,757
82$3,878,456$962,174$551,384$1,570,653
83$4,215,048$950,310$510,846$1,630,275
84$4,584,115$936,007$467,090$1,695,172
85$4,988,908$919,085$419,952$1,765,952
86$5,433,013$899,356$369,256$1,843,295
87$5,920,376$876,621$314,823$1,927,955
88$6,455,347$850,667$256,461$2,020,770
89$7,042,713$821,271$193,974$2,122,672
90$7,687,752$788,195$127,154$2,234,697
91$8,396,275$751,190$55,786$2,357,992
92$9,174,686$709,988$0$2,493,834
93$10,030,037$664,311$0$2,649,942
94$10,970,099$613,860$0$2,840,411
95$12,003,433$558,323$0$3,049,778
96$13,139,470$497,368$0$3,280,050
97$14,388,601$430,644$0$3,533,449
98$15,762,274$357,781$0$3,812,427
99$17,273,102$278,388$0$4,119,699
100$18,934,981$192,052$0$4,458,262