Can I retire at age 63 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$70,935$70,304$69,687$69,085$68,498$66,518
2 years$35,117$34,463$33,829$33,214$32,618$30,640
3 years$23,178$22,522$21,889$21,281$20,694$18,779
4 years$17,211$16,556$15,930$15,331$14,759$12,921
5 years$13,631$12,980$12,362$11,776$11,220$9,464
6 years$11,245$10,599$9,991$9,417$8,878$7,207
7 years$9,542$8,901$8,302$7,743$7,220$5,633
8 years$8,265$7,630$7,041$6,495$5,990$4,486
9 years$7,272$6,643$6,064$5,532$5,044$3,622
10 years$6,478$5,856$5,287$4,769$4,298$2,956
11 years$5,829$5,213$4,655$4,150$3,696$2,432
12 years$5,289$4,679$4,131$3,640$3,203$2,014
13 years$4,832$4,228$3,691$3,214$2,793$1,677
14 years$4,441$3,843$3,316$2,853$2,449$1,402
15 years$4,102$3,511$2,994$2,544$2,156$1,176
16 years$3,806$3,221$2,714$2,278$1,905$989
17 years$3,545$2,967$2,470$2,047$1,689$834
18 years$3,313$2,741$2,255$1,845$1,502$705
19 years$3,106$2,541$2,064$1,667$1,339$596
20 years$2,919$2,361$1,894$1,510$1,196$505
21 years$2,751$2,199$1,742$1,370$1,070$429
22 years$2,598$2,053$1,606$1,246$959$364
23 years$2,459$1,920$1,483$1,135$861$310
24 years$2,332$1,799$1,371$1,035$774$263
25 years$2,215$1,688$1,270$945$696$224
26 years$2,107$1,587$1,178$864$627$191
27 years$2,007$1,493$1,094$791$566$163
28 years$1,915$1,407$1,017$725$510$139
29 years$1,829$1,327$946$665$461$118
30 years$1,749$1,254$881$610$416$101
31 years$1,674$1,185$822$560$376$86
32 years$1,604$1,121$767$515$341$73
33 years$1,538$1,062$716$473$308$63
34 years$1,477$1,006$669$436$279$53
35 years$1,419$955$625$401$253$46
36 years$1,364$906$585$369$229$39
37 years$1,313$860$548$340$208$33
38 years$1,264$818$513$314$188$28
39 years$1,218$778$480$289$171$24
40 years$1,174$740$450$267$155$21
41 years$1,133$704$422$246$140$18
42 years$1,094$671$396$227$127$15
43 years$1,056$639$372$210$116$13
44 years$1,021$609$349$194$105$11
45 years$987$581$328$179$95$9
46 years$954$554$308$165$87$8
47 years$923$529$289$153$79$7
48 years$894$505$272$141$71$6
49 years$866$482$255$130$65$5
50 years$839$461$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $859,000, adding $3,797 every year, while hoping to spend $28,804 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: 43/33/24 Blend
62$859,000$859,000$859,000$859,000
63$950,535$905,008$891,693$984,616
64$1,016,842$918,706$890,918$1,022,938
65$1,088,947$932,110$889,151$1,061,374
66$1,167,411$945,175$886,329$1,102,445
67$1,252,852$957,853$882,385$1,146,413
68$1,345,947$970,092$877,250$1,193,562
69$1,447,446$981,839$870,850$1,244,212
70$1,558,170$993,034$863,108$1,298,711
71$1,679,026$1,003,614$853,944$1,357,448
72$1,811,009$1,013,514$843,274$1,420,852
73$1,955,217$1,022,661$831,008$1,489,395
74$2,112,858$1,030,980$817,056$1,563,600
75$2,285,262$1,038,391$801,320$1,644,047
76$2,473,893$1,044,806$783,699$1,731,375
77$2,680,364$1,050,136$764,087$1,826,289
78$2,906,450$1,054,282$742,373$1,929,570
79$3,154,107$1,057,140$718,441$2,042,079
80$3,425,487$1,058,602$692,171$2,164,770
81$3,722,963$1,058,550$663,434$2,298,694
82$4,049,146$1,056,859$632,100$2,445,013
83$4,406,912$1,053,398$598,028$2,605,010
84$4,799,430$1,048,028$561,075$2,780,102
85$5,230,190$1,040,599$521,089$2,971,854
86$5,703,035$1,030,955$477,912$3,181,994
87$6,222,201$1,018,928$431,378$3,412,431
88$6,792,352$1,004,341$381,316$3,665,270
89$7,418,626$987,008$327,544$3,942,836
90$8,106,683$966,729$269,874$4,247,698
91$8,862,761$943,294$208,110$4,582,687
92$9,693,727$916,481$142,047$4,950,933
93$10,607,152$886,053$71,471$5,355,886
94$11,611,373$851,761$0$5,801,356
95$12,715,577$813,341$0$6,292,532
96$13,929,885$770,514$0$6,852,664
97$15,265,447$722,983$0$7,468,611
98$16,734,551$670,437$0$8,146,087
99$18,350,732$612,546$0$8,891,392
100$20,128,905$548,959$0$9,711,470