Can I retire at age 63 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,183$70,549$69,930$69,327$68,737$68,304
2 years$35,239$34,583$33,947$33,330$32,732$32,295
3 years$23,259$22,600$21,966$21,355$20,766$20,339
4 years$17,271$16,614$15,986$15,385$14,811$14,397
5 years$13,678$13,025$12,405$11,817$11,259$10,859
6 years$11,284$10,636$10,025$9,450$8,909$8,524
7 years$9,575$8,932$8,331$7,770$7,245$6,875
8 years$8,294$7,657$7,065$6,518$6,011$5,655
9 years$7,297$6,666$6,086$5,552$5,062$4,722
10 years$6,501$5,876$5,305$4,786$4,313$3,987
11 years$5,850$5,231$4,671$4,165$3,709$3,398
12 years$5,307$4,695$4,145$3,653$3,214$2,918
13 years$4,849$4,243$3,704$3,225$2,803$2,520
14 years$4,456$3,857$3,328$2,863$2,457$2,188
15 years$4,116$3,523$3,004$2,553$2,163$1,907
16 years$3,819$3,233$2,724$2,286$1,912$1,669
17 years$3,557$2,977$2,479$2,054$1,695$1,465
18 years$3,324$2,751$2,263$1,851$1,507$1,289
19 years$3,117$2,550$2,071$1,673$1,344$1,137
20 years$2,930$2,369$1,901$1,515$1,200$1,004
21 years$2,761$2,207$1,749$1,375$1,074$889
22 years$2,608$2,060$1,612$1,250$963$788
23 years$2,468$1,927$1,488$1,138$864$700
24 years$2,340$1,805$1,376$1,038$777$622
25 years$2,222$1,694$1,275$948$699$553
26 years$2,114$1,592$1,182$867$630$493
27 years$2,014$1,498$1,098$794$568$439
28 years$1,921$1,412$1,020$727$512$391
29 years$1,835$1,332$950$667$462$349
30 years$1,755$1,258$885$612$418$312
31 years$1,680$1,189$825$562$378$278
32 years$1,609$1,125$769$517$342$249
33 years$1,544$1,066$718$475$309$222
34 years$1,482$1,010$671$437$280$199
35 years$1,424$958$628$402$254$178
36 years$1,369$909$587$371$230$159
37 years$1,317$863$549$341$208$142
38 years$1,269$821$515$315$189$128
39 years$1,222$780$482$290$171$114
40 years$1,178$742$452$268$155$102
41 years$1,137$707$424$247$141$92
42 years$1,097$673$397$228$128$82
43 years$1,060$641$373$210$116$74
44 years$1,024$611$350$194$105$66
45 years$990$583$329$179$96$59
46 years$958$556$309$166$87$53
47 years$927$531$290$153$79$47
48 years$897$507$273$141$72$42
49 years$869$484$256$131$65$38
50 years$842$462$241$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $862,000, adding $4,363 every year, while hoping to spend $49,075 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: 71/13/16 Blend
62$862,000$862,000$862,000$862,000
63$954,424$908,738$895,377$1,018,366
64$999,560$901,051$873,157$1,053,732
65$1,047,655$891,343$848,548$1,086,107
66$1,098,959$879,461$821,417$1,120,285
67$1,153,746$865,248$791,628$1,156,434
68$1,212,316$848,533$759,035$1,194,743
69$1,274,999$829,138$723,489$1,235,421
70$1,342,154$806,871$684,831$1,278,697
71$1,414,178$781,531$642,897$1,324,827
72$1,491,504$752,907$597,515$1,374,093
73$1,574,610$720,772$548,504$1,426,807
74$1,664,019$684,888$495,677$1,483,316
75$1,760,304$645,003$438,838$1,544,002
76$1,864,097$600,850$377,780$1,609,289
77$1,976,090$552,147$312,292$1,679,645
78$2,097,045$498,596$242,147$1,755,588
79$2,227,798$439,882$167,114$1,837,691
80$2,369,269$375,672$86,948$1,926,589
81$2,522,469$305,614$1,395$2,022,982
82$2,688,508$229,336$0$2,127,645
83$2,868,609$146,447$0$2,256,784
84$3,064,115$56,531$0$2,397,249
85$3,276,505$0$0$2,549,899
86$3,507,403$0$0$2,721,785
87$3,758,599$0$0$2,917,618
88$4,032,060$0$0$3,130,849
89$4,329,952$0$0$3,363,172
90$4,654,658$0$0$3,616,451
91$5,008,799$0$0$3,892,737
92$5,395,263$0$0$4,194,288
93$5,817,227$0$0$4,523,588
94$6,278,188$0$0$4,883,373
95$6,781,996$0$0$5,276,655
96$7,332,891$0$0$5,706,751
97$7,935,540$0$0$6,177,310
98$8,595,082$0$0$6,692,353
99$9,317,176$0$0$7,256,306
100$10,108,054$0$0$7,874,045