Can I retire at age 63 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$71,018$70,385$69,768$69,166$68,578$66,223
2 years$35,157$34,503$33,868$33,253$32,656$30,308
3 years$23,205$22,548$21,915$21,305$20,718$18,451
4 years$17,231$16,575$15,948$15,349$14,776$12,606
5 years$13,647$12,995$12,377$11,790$11,233$9,166
6 years$11,258$10,611$10,002$9,428$8,888$6,926
7 years$9,553$8,911$8,312$7,752$7,228$5,371
8 years$8,274$7,639$7,049$6,503$5,997$4,242
9 years$7,280$6,651$6,071$5,539$5,050$3,396
10 years$6,486$5,862$5,293$4,774$4,303$2,747
11 years$5,836$5,219$4,660$4,155$3,701$2,240
12 years$5,295$4,684$4,136$3,645$3,207$1,838
13 years$4,838$4,233$3,695$3,218$2,796$1,515
14 years$4,446$3,848$3,320$2,856$2,451$1,254
15 years$4,107$3,515$2,997$2,547$2,158$1,042
16 years$3,810$3,225$2,718$2,281$1,908$868
17 years$3,549$2,970$2,473$2,049$1,691$724
18 years$3,317$2,745$2,257$1,847$1,504$606
19 years$3,109$2,544$2,067$1,669$1,340$507
20 years$2,923$2,364$1,897$1,511$1,197$425
21 years$2,754$2,202$1,745$1,372$1,071$357
22 years$2,601$2,055$1,608$1,247$960$300
23 years$2,462$1,922$1,485$1,136$862$252
24 years$2,334$1,801$1,373$1,036$775$212
25 years$2,217$1,690$1,272$946$697$178
26 years$2,109$1,588$1,179$865$628$150
27 years$2,009$1,495$1,095$792$566$127
28 years$1,917$1,409$1,018$725$511$107
29 years$1,831$1,329$947$665$461$90
30 years$1,751$1,255$882$611$417$76
31 years$1,676$1,186$823$561$377$64
32 years$1,606$1,123$768$515$341$54
33 years$1,540$1,063$717$474$309$45
34 years$1,479$1,008$670$436$279$38
35 years$1,421$956$626$401$253$32
36 years$1,366$907$586$370$229$27
37 years$1,314$861$548$341$208$23
38 years$1,266$819$513$314$188$19
39 years$1,219$779$481$289$171$16
40 years$1,176$741$451$267$155$14
41 years$1,134$705$423$246$141$12
42 years$1,095$671$397$227$128$10
43 years$1,057$640$372$210$116$8
44 years$1,022$610$349$194$105$7
45 years$988$582$328$179$95$6
46 years$955$555$308$165$87$5
47 years$925$529$289$153$79$4
48 years$895$505$272$141$71$4
49 years$867$483$256$130$65$3
50 years$840$461$240$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $860,000, adding $5,576 every year, while hoping to spend $54,201 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: 65/5/30 Blend
62$860,000$860,000$860,000$860,000
63$953,472$907,892$894,562$1,007,496
64$993,056$894,709$866,860$1,031,568
65$1,034,862$879,064$836,414$1,051,396
66$1,079,058$860,778$803,074$1,071,905
67$1,125,829$839,663$766,684$1,093,170
68$1,175,378$815,520$727,082$1,115,273
69$1,227,923$788,138$684,096$1,138,310
70$1,283,707$757,293$637,549$1,162,385
71$1,342,993$722,748$587,254$1,187,618
72$1,406,069$684,253$533,018$1,214,142
73$1,473,250$641,544$474,637$1,242,107
74$1,544,883$594,340$411,898$1,271,678
75$1,621,345$542,347$344,580$1,303,044
76$1,703,050$485,250$272,453$1,336,414
77$1,790,455$422,721$195,273$1,372,020
78$1,884,055$354,408$112,789$1,410,123
79$1,984,399$279,945$24,737$1,451,014
80$2,092,085$198,939$0$1,495,017
81$2,207,772$110,981$0$1,564,653
82$2,332,180$15,635$0$1,648,054
83$2,466,104$0$0$1,737,837
84$2,610,413$0$0$1,839,417
85$2,766,064$0$0$1,949,951
86$2,934,107$0$0$2,069,332
87$3,115,696$0$0$2,198,384
88$3,312,100$0$0$2,338,017
89$3,524,714$0$0$2,489,227
90$3,755,069$0$0$2,653,112
91$4,004,852$0$0$2,830,877
92$4,275,916$0$0$3,023,850
93$4,570,300$0$0$3,233,488
94$4,890,245$0$0$3,461,398
95$5,238,218$0$0$3,709,345
96$5,616,934$0$0$3,979,271
97$6,029,378$0$0$4,273,314
98$6,478,835$0$0$4,593,826
99$6,968,923$0$0$4,943,397
100$7,503,622$0$0$5,324,876