Can I retire at age 63 with 856,000?

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 $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%14.2%
1 years$70,688$70,058$69,444$68,844$68,259$67,073
2 years$34,994$34,342$33,711$33,098$32,504$31,313
3 years$23,098$22,443$21,813$21,206$20,622$19,463
4 years$17,151$16,498$15,874$15,278$14,708$13,590
5 years$13,583$12,935$12,319$11,735$11,181$10,107
6 years$11,206$10,562$9,956$9,385$8,847$7,818
7 years$9,508$8,870$8,273$7,716$7,195$6,212
8 years$8,236$7,603$7,016$6,472$5,969$5,032
9 years$7,247$6,620$6,043$5,513$5,027$4,134
10 years$6,456$5,835$5,269$4,752$4,283$3,435
11 years$5,809$5,195$4,638$4,136$3,683$2,879
12 years$5,270$4,663$4,116$3,628$3,192$2,429
13 years$4,815$4,214$3,678$3,203$2,783$2,062
14 years$4,425$3,830$3,304$2,843$2,440$1,758
15 years$4,088$3,499$2,983$2,535$2,148$1,505
16 years$3,792$3,210$2,705$2,270$1,899$1,293
17 years$3,532$2,956$2,461$2,040$1,684$1,113
18 years$3,301$2,732$2,247$1,838$1,497$961
19 years$3,095$2,532$2,057$1,661$1,334$831
20 years$2,909$2,353$1,888$1,504$1,192$720
21 years$2,742$2,191$1,736$1,365$1,066$624
22 years$2,589$2,046$1,600$1,241$956$542
23 years$2,451$1,913$1,478$1,131$858$472
24 years$2,324$1,793$1,367$1,031$771$410
25 years$2,207$1,682$1,266$942$694$357
26 years$2,099$1,581$1,174$861$625$312
27 years$2,000$1,488$1,090$788$564$272
28 years$1,908$1,402$1,013$722$509$237
29 years$1,822$1,323$943$662$459$207
30 years$1,742$1,249$878$608$415$181
31 years$1,668$1,181$819$558$375$158
32 years$1,598$1,117$764$513$339$138
33 years$1,533$1,058$713$472$307$121
34 years$1,472$1,003$667$434$278$105
35 years$1,414$951$623$400$252$92
36 years$1,360$903$583$368$228$81
37 years$1,308$857$546$339$207$71
38 years$1,260$815$511$312$188$62
39 years$1,214$775$479$288$170$54
40 years$1,170$737$449$266$154$47
41 years$1,129$702$421$245$140$41
42 years$1,090$668$395$226$127$36
43 years$1,053$637$370$209$115$32
44 years$1,017$607$348$193$105$28
45 years$983$579$326$178$95$24
46 years$951$552$307$165$86$21
47 years$920$527$288$152$78$19
48 years$891$503$271$140$71$16
49 years$863$480$254$130$65$14
50 years$836$459$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $856,000, adding $3,762 every year, while hoping to spend $26,321 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: 32/44/24 Blend
62$856,000$856,000$856,000$856,000
63$947,193$901,825$888,557$970,420
64$1,015,801$918,009$890,318$1,004,506
65$1,090,525$934,103$891,256$1,038,573
66$1,171,961$950,077$891,316$1,074,734
67$1,260,765$965,895$890,439$1,113,192
68$1,357,659$981,519$888,564$1,154,168
69$1,463,437$996,911$885,628$1,197,907
70$1,578,974$1,012,026$881,563$1,244,683
71$1,705,234$1,026,820$876,300$1,294,796
72$1,843,276$1,041,242$869,764$1,348,579
73$1,994,268$1,055,241$861,879$1,406,400
74$2,159,495$1,068,759$852,563$1,468,667
75$2,340,372$1,081,737$841,733$1,535,830
76$2,538,458$1,094,110$829,299$1,608,387
77$2,755,468$1,105,809$815,168$1,686,888
78$2,993,293$1,116,761$799,243$1,771,942
79$3,254,015$1,126,888$781,424$1,864,222
80$3,539,925$1,136,106$761,603$1,964,471
81$3,853,550$1,144,328$739,668$2,073,512
82$4,197,669$1,151,457$715,505$2,192,253
83$4,575,347$1,157,394$688,990$2,321,696
84$4,989,958$1,162,032$659,996$2,462,953
85$5,445,219$1,165,257$628,391$2,617,247
86$5,945,224$1,166,947$594,035$2,785,933
87$6,494,485$1,166,976$556,783$2,970,506
88$7,097,970$1,165,205$516,483$3,172,618
89$7,761,153$1,161,490$472,976$3,394,092
90$8,490,066$1,155,678$426,095$3,636,944
91$9,291,352$1,147,606$375,669$3,903,399
92$10,172,331$1,137,099$321,515$4,195,913
93$11,141,067$1,123,976$263,444$4,517,198
94$12,206,446$1,108,041$201,260$4,870,249
95$13,378,257$1,089,089$134,755$5,258,372
96$14,667,286$1,066,900$63,716$5,685,217
97$16,085,415$1,041,245$0$6,154,811
98$17,645,739$1,011,877$0$6,674,699
99$19,362,683$978,538$0$7,264,304
100$21,252,144$940,953$0$7,912,770