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%11.1%
1 years$71,018$70,385$69,768$69,166$68,578$68,260
2 years$35,157$34,503$33,868$33,253$32,656$32,335
3 years$23,205$22,548$21,915$21,305$20,718$20,405
4 years$17,231$16,575$15,948$15,349$14,776$14,472
5 years$13,647$12,995$12,377$11,790$11,233$10,939
6 years$11,258$10,611$10,002$9,428$8,888$8,605
7 years$9,553$8,911$8,312$7,752$7,228$6,956
8 years$8,274$7,639$7,049$6,503$5,997$5,735
9 years$7,280$6,651$6,071$5,539$5,050$4,799
10 years$6,486$5,862$5,293$4,774$4,303$4,062
11 years$5,836$5,219$4,660$4,155$3,701$3,471
12 years$5,295$4,684$4,136$3,645$3,207$2,987
13 years$4,838$4,233$3,695$3,218$2,796$2,587
14 years$4,446$3,848$3,320$2,856$2,451$2,252
15 years$4,107$3,515$2,997$2,547$2,158$1,968
16 years$3,810$3,225$2,718$2,281$1,908$1,727
17 years$3,549$2,970$2,473$2,049$1,691$1,520
18 years$3,317$2,745$2,257$1,847$1,504$1,341
19 years$3,109$2,544$2,067$1,669$1,340$1,186
20 years$2,923$2,364$1,897$1,511$1,197$1,051
21 years$2,754$2,202$1,745$1,372$1,071$933
22 years$2,601$2,055$1,608$1,247$960$830
23 years$2,462$1,922$1,485$1,136$862$739
24 years$2,334$1,801$1,373$1,036$775$658
25 years$2,217$1,690$1,272$946$697$588
26 years$2,109$1,588$1,179$865$628$525
27 years$2,009$1,495$1,095$792$566$469
28 years$1,917$1,409$1,018$725$511$420
29 years$1,831$1,329$947$665$461$376
30 years$1,751$1,255$882$611$417$336
31 years$1,676$1,186$823$561$377$302
32 years$1,606$1,123$768$515$341$270
33 years$1,540$1,063$717$474$309$242
34 years$1,479$1,008$670$436$279$218
35 years$1,421$956$626$401$253$195
36 years$1,366$907$586$370$229$175
37 years$1,314$861$548$341$208$157
38 years$1,266$819$513$314$188$141
39 years$1,219$779$481$289$171$127
40 years$1,176$741$451$267$155$114
41 years$1,134$705$423$246$141$103
42 years$1,095$671$397$227$128$92
43 years$1,057$640$372$210$116$83
44 years$1,022$610$349$194$105$75
45 years$988$582$328$179$95$67
46 years$955$555$308$165$87$60
47 years$925$529$289$153$79$54
48 years$895$505$272$141$71$49
49 years$867$483$256$130$65$44
50 years$840$461$240$121$59$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $860,000, adding $6,828 every year, while hoping to spend $40,379 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: 45/46/9 Blend
62$860,000$860,000$860,000$860,000
63$954,763$909,183$895,853$995,009
64$1,009,186$910,770$882,901$1,025,131
65$1,067,807$911,082$868,162$1,053,077
66$1,131,011$910,012$851,533$1,082,457
67$1,199,222$907,451$832,908$1,113,417
68$1,272,905$903,278$812,172$1,146,121
69$1,352,572$897,369$789,211$1,180,750
70$1,438,784$889,591$763,899$1,217,508
71$1,532,160$879,801$736,110$1,256,621
72$1,633,379$867,849$705,708$1,298,340
73$1,743,187$853,578$672,553$1,342,948
74$1,862,408$836,818$636,499$1,390,756
75$1,991,943$817,392$597,391$1,442,113
76$2,132,787$795,110$555,070$1,497,405
77$2,286,034$769,773$509,367$1,557,064
78$2,452,886$741,169$460,108$1,621,566
79$2,634,669$709,075$407,110$1,691,445
80$2,832,838$673,252$350,181$1,767,290
81$3,048,997$633,452$289,122$1,849,757
82$3,284,912$589,408$223,725$1,939,576
83$3,542,525$540,841$153,772$2,037,553
84$3,823,976$487,455$79,036$2,144,586
85$4,131,617$428,936$0$2,261,669
86$4,468,042$364,954$0$2,389,975
87$4,836,106$295,160$0$2,538,761
88$5,238,949$219,184$0$2,701,810
89$5,680,034$136,636$0$2,880,650
90$6,163,172$47,105$0$3,076,972
91$6,692,558$0$0$3,292,647
92$7,272,814$0$0$3,554,977
93$7,909,032$0$0$3,868,852
94$8,606,818$0$0$4,213,206
95$9,372,346$0$0$4,591,102
96$10,212,418$0$0$5,005,909
97$11,134,527$0$0$5,461,343
98$12,146,924$0$0$5,961,492
99$13,258,702$0$0$6,510,864
100$14,479,873$0$0$7,114,423