Can I retire at age 63 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$71,101$70,467$69,849$69,246$68,657$65,959
2 years$35,198$34,543$33,907$33,291$32,694$30,009
3 years$23,232$22,574$21,940$21,330$20,742$18,155
4 years$17,251$16,594$15,967$15,367$14,794$12,323
5 years$13,663$13,010$12,391$11,803$11,246$8,899
6 years$11,271$10,624$10,014$9,439$8,898$6,676
7 years$9,564$8,922$8,322$7,761$7,237$5,139
8 years$8,284$7,648$7,057$6,510$6,004$4,027
9 years$7,289$6,659$6,078$5,545$5,056$3,199
10 years$6,493$5,869$5,299$4,780$4,308$2,566
11 years$5,843$5,225$4,665$4,160$3,705$2,075
12 years$5,301$4,690$4,140$3,649$3,211$1,687
13 years$4,843$4,238$3,699$3,221$2,800$1,379
14 years$4,451$3,852$3,324$2,860$2,454$1,131
15 years$4,111$3,519$3,001$2,550$2,161$931
16 years$3,815$3,229$2,721$2,284$1,910$768
17 years$3,553$2,974$2,476$2,052$1,693$635
18 years$3,321$2,748$2,260$1,849$1,506$526
19 years$3,113$2,547$2,069$1,671$1,342$436
20 years$2,926$2,366$1,899$1,513$1,199$362
21 years$2,758$2,204$1,747$1,373$1,073$301
22 years$2,605$2,058$1,610$1,249$962$250
23 years$2,465$1,924$1,486$1,137$863$208
24 years$2,337$1,803$1,375$1,037$776$173
25 years$2,220$1,692$1,273$947$698$144
26 years$2,112$1,590$1,181$866$629$120
27 years$2,012$1,497$1,096$793$567$100
28 years$1,919$1,410$1,019$726$512$84
29 years$1,833$1,330$949$666$462$70
30 years$1,753$1,256$884$611$417$58
31 years$1,678$1,188$824$561$377$48
32 years$1,608$1,124$769$516$341$40
33 years$1,542$1,064$718$474$309$34
34 years$1,480$1,009$670$437$280$28
35 years$1,422$957$627$402$253$23
36 years$1,367$908$586$370$230$20
37 years$1,316$862$549$341$208$16
38 years$1,267$820$514$314$189$14
39 years$1,221$779$482$290$171$11
40 years$1,177$742$451$267$155$10
41 years$1,136$706$423$247$141$8
42 years$1,096$672$397$228$128$7
43 years$1,059$641$373$210$116$6
44 years$1,023$611$350$194$105$5
45 years$989$582$328$179$96$4
46 years$957$555$308$165$87$3
47 years$926$530$290$153$79$3
48 years$896$506$272$141$72$2
49 years$868$483$256$131$65$2
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $861,000, adding $5,914 every year, while hoping to spend $47,883 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: 55/34/11 Blend
62$861,000$861,000$861,000$861,000
63$954,922$909,289$895,944$1,004,475
64$1,001,377$902,897$875,011$1,032,332
65$1,050,966$894,587$851,772$1,056,905
66$1,103,957$884,215$826,099$1,082,531
67$1,160,646$871,626$797,858$1,109,320
68$1,221,355$856,660$766,910$1,137,395
69$1,286,440$839,143$733,109$1,166,892
70$1,356,290$818,894$696,301$1,197,964
71$1,431,332$795,720$656,327$1,230,785
72$1,512,034$769,416$613,019$1,265,546
73$1,598,910$739,767$566,205$1,302,462
74$1,692,527$706,543$515,700$1,341,774
75$1,793,504$669,503$461,316$1,383,750
76$1,902,523$628,390$402,852$1,428,690
77$2,020,334$582,935$340,101$1,476,927
78$2,147,760$532,850$272,846$1,528,834
79$2,285,705$477,834$200,860$1,584,827
80$2,435,166$417,567$123,908$1,645,367
81$2,597,236$351,711$41,742$1,710,970
82$2,773,118$279,909$0$1,782,208
83$2,964,135$201,783$0$1,865,110
84$3,171,744$116,937$0$1,960,573
85$3,397,544$24,949$0$2,064,511
86$3,643,297$0$0$2,177,833
87$3,910,942$0$0$2,329,468
88$4,202,612$0$0$2,504,959
89$4,520,655$0$0$2,696,394
90$4,867,652$0$0$2,905,337
91$5,246,449$0$0$3,133,510
92$5,660,176$0$0$3,382,809
93$6,112,279$0$0$3,655,322
94$6,606,551$0$0$3,953,346
95$7,147,169$0$0$4,279,412
96$7,738,733$0$0$4,636,306
97$8,386,308$0$0$5,027,095
98$9,095,469$0$0$5,455,159
99$9,872,357$0$0$5,924,216
100$10,723,737$0$0$6,438,366