Can I retire at age 63 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$70,853$70,222$69,606$69,005$68,418$66,575
2 years$35,076$34,422$33,789$33,175$32,580$30,736
3 years$23,151$22,495$21,864$21,256$20,670$18,884
4 years$17,191$16,537$15,911$15,314$14,742$13,026
5 years$13,615$12,965$12,348$11,762$11,207$9,567
6 years$11,232$10,587$9,979$9,406$8,867$7,304
7 years$9,531$8,891$8,293$7,734$7,212$5,726
8 years$8,255$7,621$7,033$6,487$5,983$4,573
9 years$7,264$6,635$6,057$5,526$5,038$3,704
10 years$6,471$5,849$5,281$4,763$4,293$3,032
11 years$5,823$5,207$4,649$4,146$3,692$2,503
12 years$5,283$4,673$4,126$3,636$3,199$2,079
13 years$4,826$4,223$3,686$3,210$2,790$1,737
14 years$4,436$3,839$3,312$2,850$2,446$1,457
15 years$4,097$3,507$2,990$2,541$2,153$1,226
16 years$3,801$3,218$2,711$2,276$1,903$1,035
17 years$3,541$2,963$2,467$2,045$1,687$876
18 years$3,309$2,738$2,252$1,843$1,500$743
19 years$3,102$2,538$2,062$1,665$1,337$631
20 years$2,916$2,358$1,892$1,508$1,195$537
21 years$2,748$2,197$1,740$1,369$1,069$457
22 years$2,595$2,050$1,604$1,244$958$390
23 years$2,456$1,918$1,481$1,133$860$333
24 years$2,329$1,797$1,370$1,034$773$284
25 years$2,212$1,686$1,269$944$696$243
26 years$2,104$1,585$1,177$863$627$208
27 years$2,005$1,491$1,093$790$565$178
28 years$1,912$1,405$1,016$724$510$152
29 years$1,826$1,326$945$664$460$130
30 years$1,747$1,252$880$609$416$111
31 years$1,672$1,184$821$559$376$95
32 years$1,602$1,120$766$514$340$82
33 years$1,537$1,061$715$473$308$70
34 years$1,475$1,005$668$435$279$60
35 years$1,417$953$625$400$252$51
36 years$1,363$905$584$369$229$44
37 years$1,311$859$547$340$207$38
38 years$1,263$817$512$313$188$32
39 years$1,217$777$480$289$170$28
40 years$1,173$739$450$266$155$24
41 years$1,132$703$422$246$140$20
42 years$1,092$670$396$227$127$17
43 years$1,055$638$371$209$115$15
44 years$1,019$608$348$193$105$13
45 years$986$580$327$179$95$11
46 years$953$553$307$165$86$9
47 years$922$528$289$152$78$8
48 years$893$504$271$141$71$7
49 years$865$482$255$130$65$6
50 years$838$460$240$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $858,000, adding $6,451 every year, while hoping to spend $52,885 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: 54/23/23 Blend
62$858,000$858,000$858,000$858,000
63$952,170$906,696$893,397$997,248
64$993,022$894,855$867,057$1,017,100
65$1,036,269$880,661$838,061$1,032,650
66$1,082,098$863,944$806,267$1,048,466
67$1,130,716$844,521$771,521$1,064,592
68$1,182,348$822,201$733,665$1,081,078
69$1,237,240$796,781$692,535$1,097,981
70$1,295,661$768,046$647,957$1,115,370
71$1,357,906$735,768$599,751$1,133,322
72$1,424,297$699,705$547,728$1,151,927
73$1,495,189$659,604$491,691$1,171,286
74$1,570,968$615,195$431,433$1,191,516
75$1,652,061$566,193$366,739$1,212,751
76$1,738,931$512,297$297,385$1,235,141
77$1,832,091$453,188$223,136$1,258,858
78$1,932,100$388,530$143,747$1,284,097
79$2,039,574$317,968$58,962$1,311,076
80$2,155,187$241,126$0$1,340,045
81$2,279,682$157,607$0$1,379,018
82$2,413,873$66,992$0$1,436,518
83$2,558,653$0$0$1,498,486
84$2,715,006$0$0$1,573,279
85$2,884,011$0$0$1,672,516
86$3,066,855$0$0$1,779,946
87$3,264,842$0$0$1,896,344
88$3,479,407$0$0$2,022,563
89$3,712,126$0$0$2,159,538
90$3,964,733$0$0$2,308,302
91$4,239,137$0$0$2,469,986
92$4,537,435$0$0$2,645,839
93$4,861,935$0$0$2,837,233
94$5,215,178$0$0$3,045,676
95$5,599,956$0$0$3,272,830
96$6,019,347$0$0$3,520,524
97$6,476,733$0$0$3,790,769
98$6,975,841$0$0$4,085,781
99$7,520,769$0$0$4,407,997
100$8,116,032$0$0$4,760,101