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%18.4%
1 years$71,101$70,467$69,849$69,246$68,657$66,327
2 years$35,198$34,543$33,907$33,291$32,694$30,369
3 years$23,232$22,574$21,940$21,330$20,742$18,497
4 years$17,251$16,594$15,967$15,367$14,794$12,644
5 years$13,663$13,010$12,391$11,803$11,246$9,198
6 years$11,271$10,624$10,014$9,439$8,898$6,954
7 years$9,564$8,922$8,322$7,761$7,237$5,396
8 years$8,284$7,648$7,057$6,510$6,004$4,264
9 years$7,289$6,659$6,078$5,545$5,056$3,416
10 years$6,493$5,869$5,299$4,780$4,308$2,765
11 years$5,843$5,225$4,665$4,160$3,705$2,256
12 years$5,301$4,690$4,140$3,649$3,211$1,852
13 years$4,843$4,238$3,699$3,221$2,800$1,528
14 years$4,451$3,852$3,324$2,860$2,454$1,266
15 years$4,111$3,519$3,001$2,550$2,161$1,052
16 years$3,815$3,229$2,721$2,284$1,910$877
17 years$3,553$2,974$2,476$2,052$1,693$733
18 years$3,321$2,748$2,260$1,849$1,506$613
19 years$3,113$2,547$2,069$1,671$1,342$514
20 years$2,926$2,366$1,899$1,513$1,199$431
21 years$2,758$2,204$1,747$1,373$1,073$362
22 years$2,605$2,058$1,610$1,249$962$304
23 years$2,465$1,924$1,486$1,137$863$256
24 years$2,337$1,803$1,375$1,037$776$216
25 years$2,220$1,692$1,273$947$698$182
26 years$2,112$1,590$1,181$866$629$153
27 years$2,012$1,497$1,096$793$567$129
28 years$1,919$1,410$1,019$726$512$109
29 years$1,833$1,330$949$666$462$92
30 years$1,753$1,256$884$611$417$77
31 years$1,678$1,188$824$561$377$65
32 years$1,608$1,124$769$516$341$55
33 years$1,542$1,064$718$474$309$47
34 years$1,480$1,009$670$437$280$39
35 years$1,422$957$627$402$253$33
36 years$1,367$908$586$370$230$28
37 years$1,316$862$549$341$208$24
38 years$1,267$820$514$314$189$20
39 years$1,221$779$482$290$171$17
40 years$1,177$742$451$267$155$14
41 years$1,136$706$423$247$141$12
42 years$1,096$672$397$228$128$10
43 years$1,059$641$373$210$116$9
44 years$1,023$611$350$194$105$7
45 years$989$582$328$179$96$6
46 years$957$555$308$165$87$5
47 years$926$530$290$153$79$4
48 years$896$506$272$141$72$4
49 years$868$483$256$131$65$3
50 years$841$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $861,000, adding $2,085 every year, while hoping to spend $51,022 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: 63/10/27 Blend
62$861,000$861,000$861,000$861,000
63$950,973$905,340$891,994$1,003,931
64$993,685$895,414$867,589$1,030,147
65$1,039,044$883,293$840,656$1,052,984
66$1,087,265$868,813$811,057$1,076,822
67$1,138,586$851,804$778,647$1,101,766
68$1,193,264$832,086$743,275$1,127,935
69$1,251,584$809,465$704,781$1,155,461
70$1,313,856$783,738$663,001$1,184,493
71$1,380,419$754,692$617,762$1,215,195
72$1,451,648$722,097$568,883$1,247,754
73$1,527,950$685,714$516,174$1,282,374
74$1,609,774$645,287$459,439$1,319,286
75$1,697,612$600,548$398,472$1,358,745
76$1,792,005$551,211$333,057$1,401,037
77$1,893,544$496,975$262,970$1,446,479
78$2,002,882$437,523$187,975$1,495,424
79$2,120,732$372,518$107,828$1,548,266
80$2,247,880$301,604$22,274$1,605,440
81$2,385,188$224,407$0$1,667,432
82$2,533,604$140,530$0$1,754,667
83$2,694,170$49,555$0$1,855,998
84$2,868,032$0$0$1,965,750
85$3,056,447$0$0$2,090,134
86$3,260,801$0$0$2,231,006
87$3,482,616$0$0$2,383,969
88$3,723,566$0$0$2,550,184
89$3,985,493$0$0$2,730,929
90$4,270,424$0$0$2,927,610
91$4,580,588$0$0$3,141,773
92$4,918,437$0$0$3,375,121
93$5,286,673$0$0$3,629,526
94$5,688,264$0$0$3,907,050
95$6,126,482$0$0$4,209,961
96$6,604,926$0$0$4,540,758
97$7,127,558$0$0$4,902,190
98$7,698,739$0$0$5,297,283
99$8,323,272$0$0$5,729,371
100$9,006,445$0$0$6,202,122