Can I retire at age 63 with 856,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$70,688$70,058$69,444$68,844$68,259$67,155
2 years$34,994$34,342$33,711$33,098$32,504$31,396
3 years$23,098$22,443$21,813$21,206$20,622$19,543
4 years$17,151$16,498$15,874$15,278$14,708$13,666
5 years$13,583$12,935$12,319$11,735$11,181$10,180
6 years$11,206$10,562$9,956$9,385$8,847$7,888
7 years$9,508$8,870$8,273$7,716$7,195$6,278
8 years$8,236$7,603$7,016$6,472$5,969$5,094
9 years$7,247$6,620$6,043$5,513$5,027$4,193
10 years$6,456$5,835$5,269$4,752$4,283$3,490
11 years$5,809$5,195$4,638$4,136$3,683$2,930
12 years$5,270$4,663$4,116$3,628$3,192$2,478
13 years$4,815$4,214$3,678$3,203$2,783$2,107
14 years$4,425$3,830$3,304$2,843$2,440$1,800
15 years$4,088$3,499$2,983$2,535$2,148$1,544
16 years$3,792$3,210$2,705$2,270$1,899$1,329
17 years$3,532$2,956$2,461$2,040$1,684$1,147
18 years$3,301$2,732$2,247$1,838$1,497$992
19 years$3,095$2,532$2,057$1,661$1,334$860
20 years$2,909$2,353$1,888$1,504$1,192$747
21 years$2,742$2,191$1,736$1,365$1,066$649
22 years$2,589$2,046$1,600$1,241$956$565
23 years$2,451$1,913$1,478$1,131$858$492
24 years$2,324$1,793$1,367$1,031$771$430
25 years$2,207$1,682$1,266$942$694$375
26 years$2,099$1,581$1,174$861$625$328
27 years$2,000$1,488$1,090$788$564$286
28 years$1,908$1,402$1,013$722$509$251
29 years$1,822$1,323$943$662$459$219
30 years$1,742$1,249$878$608$415$192
31 years$1,668$1,181$819$558$375$168
32 years$1,598$1,117$764$513$339$147
33 years$1,533$1,058$713$472$307$129
34 years$1,472$1,003$667$434$278$113
35 years$1,414$951$623$400$252$99
36 years$1,360$903$583$368$228$87
37 years$1,308$857$546$339$207$76
38 years$1,260$815$511$312$188$67
39 years$1,214$775$479$288$170$59
40 years$1,170$737$449$266$154$51
41 years$1,129$702$421$245$140$45
42 years$1,090$668$395$226$127$40
43 years$1,053$637$370$209$115$35
44 years$1,017$607$348$193$105$31
45 years$983$579$326$178$95$27
46 years$951$552$307$165$86$24
47 years$920$527$288$152$78$21
48 years$891$503$271$140$71$18
49 years$863$480$254$130$65$16
50 years$836$459$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $856,000, adding $2,250 every year, while hoping to spend $35,262 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: 60/19/21 Blend
62$856,000$856,000$856,000$856,000
63$945,633$900,265$886,997$997,014
64$1,004,569$906,859$879,193$1,038,692
65$1,068,335$912,595$869,945$1,080,082
66$1,137,385$917,393$859,169$1,124,450
67$1,212,222$921,168$846,775$1,172,092
68$1,293,395$923,832$832,668$1,223,333
69$1,381,509$925,288$816,750$1,278,534
70$1,477,231$925,435$798,919$1,338,091
71$1,581,293$924,166$779,068$1,402,446
72$1,694,501$921,366$757,082$1,472,084
73$1,817,742$916,914$732,846$1,547,540
74$1,951,990$910,682$706,236$1,629,409
75$2,098,321$902,533$677,122$1,718,345
76$2,257,915$892,323$645,371$1,815,072
77$2,432,073$879,897$610,842$1,920,387
78$2,622,226$865,094$573,387$2,035,174
79$2,829,951$847,741$532,853$2,160,407
80$3,056,981$827,656$489,079$2,297,162
81$3,305,228$804,645$441,897$2,446,627
82$3,576,793$778,505$391,133$2,610,113
83$3,873,993$749,018$336,602$2,789,070
84$4,199,376$715,956$278,115$2,985,095
85$4,555,751$679,077$215,470$3,199,954
86$4,946,210$638,123$148,460$3,435,595
87$5,374,157$592,825$76,867$3,694,169
88$5,843,343$542,895$464$3,978,048
89$6,357,898$488,031$0$4,289,852
90$6,922,371$427,913$0$4,650,637
91$7,541,774$362,201$0$5,046,720
92$8,221,625$290,540$0$5,481,574
93$8,968,005$212,550$0$5,959,143
94$9,787,610$127,834$0$6,483,777
95$10,687,819$35,970$0$7,060,267
96$11,676,757$0$0$7,693,900
97$12,763,380$0$0$8,403,773
98$13,957,548$0$0$9,192,244
99$15,270,130$0$0$10,058,973
100$16,713,096$0$0$11,011,877