Can I retire at age 63 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$70,770$70,140$69,525$68,925$68,338$67,568
2 years$35,035$34,382$33,750$33,137$32,542$31,767
3 years$23,125$22,469$21,838$21,231$20,646$19,890
4 years$17,171$16,517$15,893$15,296$14,725$13,993
5 years$13,599$12,950$12,333$11,749$11,194$10,489
6 years$11,219$10,574$9,967$9,395$8,857$8,180
7 years$9,519$8,880$8,283$7,725$7,203$6,554
8 years$8,245$7,612$7,025$6,480$5,976$5,355
9 years$7,255$6,628$6,050$5,519$5,032$4,439
10 years$6,463$5,842$5,275$4,758$4,288$3,722
11 years$5,816$5,201$4,644$4,141$3,688$3,149
12 years$5,277$4,668$4,121$3,632$3,196$2,683
13 years$4,821$4,218$3,682$3,206$2,787$2,300
14 years$4,430$3,834$3,308$2,846$2,443$1,981
15 years$4,092$3,503$2,987$2,538$2,151$1,713
16 years$3,797$3,214$2,708$2,273$1,901$1,486
17 years$3,536$2,960$2,464$2,042$1,686$1,294
18 years$3,305$2,735$2,250$1,840$1,499$1,129
19 years$3,098$2,535$2,059$1,663$1,336$987
20 years$2,913$2,355$1,890$1,506$1,193$864
21 years$2,745$2,194$1,738$1,367$1,068$758
22 years$2,592$2,048$1,602$1,243$957$666
23 years$2,453$1,915$1,479$1,132$859$586
24 years$2,326$1,795$1,368$1,032$772$516
25 years$2,209$1,684$1,267$943$695$455
26 years$2,102$1,583$1,175$862$626$401
27 years$2,002$1,490$1,091$789$564$354
28 years$1,910$1,404$1,015$723$509$313
29 years$1,824$1,324$944$663$460$276
30 years$1,744$1,251$879$608$415$244
31 years$1,670$1,182$820$559$376$216
32 years$1,600$1,119$765$514$340$191
33 years$1,535$1,059$714$472$307$169
34 years$1,473$1,004$667$435$278$150
35 years$1,416$952$624$400$252$133
36 years$1,361$904$584$368$228$118
37 years$1,310$858$546$339$207$104
38 years$1,261$816$512$313$188$92
39 years$1,215$776$479$288$170$82
40 years$1,172$738$449$266$154$72
41 years$1,130$703$421$245$140$64
42 years$1,091$669$395$227$127$57
43 years$1,054$638$371$209$115$51
44 years$1,018$608$348$193$105$45
45 years$984$580$327$178$95$40
46 years$952$553$307$165$86$35
47 years$921$528$288$152$78$31
48 years$892$504$271$141$71$28
49 years$864$481$255$130$65$25
50 years$837$459$239$120$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $857,000, adding $3,766 every year, while hoping to spend $39,454 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: 48/27/25 Blend
62$857,000$857,000$857,000$857,000
63$948,299$902,878$889,594$986,909
64$1,003,046$905,140$877,417$1,016,599
65$1,062,056$906,191$863,509$1,044,610
66$1,125,721$905,929$847,772$1,074,242
67$1,194,472$904,247$830,100$1,105,666
68$1,268,785$901,032$810,385$1,139,073
69$1,349,181$896,163$788,513$1,174,674
70$1,436,233$889,510$764,363$1,212,706
71$1,530,571$880,939$737,812$1,253,432
72$1,632,890$870,305$708,729$1,297,144
73$1,743,949$857,455$676,977$1,344,166
74$1,864,589$842,227$642,412$1,394,860
75$1,995,731$824,450$604,887$1,449,625
76$2,138,390$803,942$564,245$1,508,908
77$2,293,681$780,511$520,322$1,573,201
78$2,462,833$753,953$472,950$1,643,053
79$2,647,197$724,051$421,949$1,719,072
80$2,848,261$690,579$367,134$1,801,932
81$3,067,661$653,295$308,310$1,892,381
82$3,307,200$611,944$245,276$1,991,247
83$3,568,860$566,256$177,819$2,099,449
84$3,854,827$515,945$105,718$2,218,003
85$4,167,503$460,710$28,744$2,348,037
86$4,509,536$400,232$0$2,490,799
87$4,883,840$334,175$0$2,661,915
88$5,293,624$262,182$0$2,857,777
89$5,742,423$183,878$0$3,072,473
90$6,234,128$98,866$0$3,307,948
91$6,773,026$6,727$0$3,566,350
92$7,363,835$0$0$3,850,051
93$8,011,757$0$0$4,189,292
94$8,722,516$0$0$4,563,724
95$9,502,419$0$0$4,974,682
96$10,358,414$0$0$5,425,841
97$11,298,153$0$0$5,921,244
98$12,330,066$0$0$6,465,352
99$13,463,438$0$0$7,063,072
100$14,708,498$0$0$7,719,815