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%12.5%
1 years$71,183$70,549$69,930$69,327$68,737$68,019
2 years$35,239$34,583$33,947$33,330$32,732$32,009
3 years$23,259$22,600$21,966$21,355$20,766$20,061
4 years$17,271$16,614$15,986$15,385$14,811$14,128
5 years$13,678$13,025$12,405$11,817$11,259$10,601
6 years$11,284$10,636$10,025$9,450$8,909$8,277
7 years$9,575$8,932$8,331$7,770$7,245$6,639
8 years$8,294$7,657$7,065$6,518$6,011$5,430
9 years$7,297$6,666$6,086$5,552$5,062$4,507
10 years$6,501$5,876$5,305$4,786$4,313$3,783
11 years$5,850$5,231$4,671$4,165$3,709$3,205
12 years$5,307$4,695$4,145$3,653$3,214$2,734
13 years$4,849$4,243$3,704$3,225$2,803$2,346
14 years$4,456$3,857$3,328$2,863$2,457$2,024
15 years$4,116$3,523$3,004$2,553$2,163$1,752
16 years$3,819$3,233$2,724$2,286$1,912$1,523
17 years$3,557$2,977$2,479$2,054$1,695$1,327
18 years$3,324$2,751$2,263$1,851$1,507$1,160
19 years$3,117$2,550$2,071$1,673$1,344$1,015
20 years$2,930$2,369$1,901$1,515$1,200$891
21 years$2,761$2,207$1,749$1,375$1,074$783
22 years$2,608$2,060$1,612$1,250$963$689
23 years$2,468$1,927$1,488$1,138$864$607
24 years$2,340$1,805$1,376$1,038$777$535
25 years$2,222$1,694$1,275$948$699$472
26 years$2,114$1,592$1,182$867$630$417
27 years$2,014$1,498$1,098$794$568$369
28 years$1,921$1,412$1,020$727$512$326
29 years$1,835$1,332$950$667$462$289
30 years$1,755$1,258$885$612$418$256
31 years$1,680$1,189$825$562$378$227
32 years$1,609$1,125$769$517$342$201
33 years$1,544$1,066$718$475$309$178
34 years$1,482$1,010$671$437$280$158
35 years$1,424$958$628$402$254$140
36 years$1,369$909$587$371$230$124
37 years$1,317$863$549$341$208$110
38 years$1,269$821$515$315$189$98
39 years$1,222$780$482$290$171$87
40 years$1,178$742$452$268$155$77
41 years$1,137$707$424$247$141$69
42 years$1,097$673$397$228$128$61
43 years$1,060$641$373$210$116$54
44 years$1,024$611$350$194$105$48
45 years$990$583$329$179$96$43
46 years$958$556$309$166$87$38
47 years$927$531$290$153$79$34
48 years$897$507$273$141$72$30
49 years$869$484$256$131$65$27
50 years$842$462$241$121$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $862,000, adding $4,499 every year, while hoping to spend $54,268 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: 62/18/20 Blend
62$862,000$862,000$862,000$862,000
63$954,565$908,879$895,518$1,008,549
64$994,190$895,673$867,777$1,032,308
65$1,036,037$880,001$837,288$1,051,782
66$1,080,277$861,686$803,901$1,071,797
67$1,127,095$840,538$767,461$1,092,412
68$1,176,691$816,357$727,804$1,113,693
69$1,229,288$788,932$684,759$1,135,715
70$1,285,125$758,040$638,148$1,158,565
71$1,344,467$723,443$587,786$1,182,340
72$1,407,602$684,891$533,476$1,207,149
73$1,474,845$642,119$475,015$1,233,116
74$1,546,543$594,846$412,192$1,260,381
75$1,623,074$542,777$344,784$1,289,100
76$1,704,853$485,598$272,560$1,319,451
77$1,792,335$422,979$195,277$1,351,631
78$1,886,017$354,569$112,683$1,385,864
79$1,986,447$280,000$24,514$1,422,398
80$2,094,225$198,880$0$1,461,514
81$2,210,009$110,798$0$1,518,372
82$2,334,522$15,319$0$1,585,021
83$2,468,555$0$0$1,656,679
84$2,612,982$0$0$1,751,285
85$2,768,758$0$0$1,856,646
86$2,936,935$0$0$1,970,446
87$3,118,667$0$0$2,093,473
88$3,315,224$0$0$2,226,593
89$3,528,002$0$0$2,370,758
90$3,758,533$0$0$2,527,015
91$4,008,505$0$0$2,696,515
92$4,279,771$0$0$2,880,524
93$4,574,373$0$0$3,080,435
94$4,894,553$0$0$3,297,779
95$5,242,779$0$0$3,534,240
96$5,621,768$0$0$3,791,673
97$6,034,506$0$0$4,072,118
98$6,484,282$0$0$4,377,820
99$6,974,715$0$0$4,711,249
100$7,509,786$0$0$5,075,126