Can I retire at age 63 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$71,266$70,631$70,012$69,407$68,817$66,855
2 years$35,280$34,623$33,986$33,369$32,770$30,809
3 years$23,286$22,627$21,991$21,380$20,791$18,892
4 years$17,291$16,633$16,004$15,403$14,828$13,006
5 years$13,694$13,040$12,420$11,831$11,272$9,531
6 years$11,297$10,648$10,037$9,461$8,919$7,261
7 years$9,586$8,943$8,341$7,779$7,254$5,679
8 years$8,303$7,665$7,074$6,525$6,018$4,525
9 years$7,306$6,674$6,093$5,558$5,068$3,656
10 years$6,508$5,883$5,312$4,791$4,318$2,986
11 years$5,856$5,237$4,676$4,170$3,714$2,458
12 years$5,314$4,701$4,150$3,657$3,218$2,037
13 years$4,855$4,248$3,708$3,229$2,806$1,697
14 years$4,461$3,861$3,331$2,866$2,460$1,419
15 years$4,121$3,527$3,008$2,556$2,166$1,191
16 years$3,823$3,236$2,727$2,289$1,914$1,003
17 years$3,561$2,981$2,482$2,056$1,697$846
18 years$3,328$2,754$2,265$1,853$1,509$716
19 years$3,120$2,553$2,074$1,675$1,345$606
20 years$2,933$2,372$1,903$1,517$1,202$514
21 years$2,764$2,209$1,751$1,376$1,075$437
22 years$2,611$2,062$1,613$1,252$964$371
23 years$2,471$1,929$1,490$1,140$865$316
24 years$2,343$1,807$1,378$1,040$778$269
25 years$2,225$1,696$1,276$949$700$229
26 years$2,117$1,594$1,184$868$630$195
27 years$2,016$1,500$1,099$795$568$166
28 years$1,923$1,414$1,022$728$513$142
29 years$1,837$1,334$951$668$463$121
30 years$1,757$1,259$886$613$418$103
31 years$1,682$1,191$826$563$378$88
32 years$1,611$1,126$770$517$342$75
33 years$1,546$1,067$719$476$310$64
34 years$1,484$1,011$672$438$280$55
35 years$1,425$959$628$403$254$47
36 years$1,371$910$588$371$230$40
37 years$1,319$864$550$342$209$34
38 years$1,270$822$515$315$189$29
39 years$1,224$781$483$290$171$25
40 years$1,180$743$452$268$155$21
41 years$1,138$708$424$247$141$18
42 years$1,099$674$398$228$128$16
43 years$1,061$642$373$211$116$13
44 years$1,025$612$350$194$105$11
45 years$991$584$329$180$96$10
46 years$959$557$309$166$87$8
47 years$928$531$290$153$79$7
48 years$898$507$273$142$72$6
49 years$870$484$256$131$65$5
50 years$843$463$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $863,000, adding $2,449 every year, while hoping to spend $49,618 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: 26/48/26 Blend
62$863,000$863,000$863,000$863,000
63$953,552$907,813$894,437$970,509
64$998,021$899,503$871,607$976,182
65$1,045,363$889,122$846,350$977,830
66$1,095,819$876,518$818,531$978,566
67$1,149,651$861,526$788,011$978,344
68$1,207,150$843,975$754,643$977,122
69$1,268,630$823,681$718,275$974,857
70$1,334,440$800,451$678,747$971,509
71$1,404,959$774,079$635,891$967,037
72$1,480,605$744,349$589,533$961,406
73$1,561,836$711,031$539,491$954,582
74$1,649,153$673,882$485,575$946,537
75$1,743,110$632,645$427,584$937,244
76$1,844,310$587,048$365,312$926,685
77$1,953,421$536,804$298,541$914,848
78$2,071,172$481,609$227,044$901,729
79$2,198,366$421,143$150,584$887,332
80$2,335,886$355,066$68,916$871,674
81$2,484,702$283,019$0$854,782
82$2,645,879$204,625$0$841,759
83$2,820,590$119,483$0$848,336
84$3,010,124$27,172$0$855,531
85$3,215,898$0$0$863,525
86$3,439,472$0$0$910,956
87$3,682,560$0$0$978,258
88$3,947,049$0$0$1,051,618
89$4,235,015$0$0$1,131,628
90$4,548,743$0$0$1,218,941
91$4,890,746$0$0$1,314,275
92$5,263,792$0$0$1,418,419
93$5,670,926$0$0$1,532,243
94$6,115,499$0$0$1,656,705
95$6,601,202$0$0$1,792,861
96$7,132,097$0$0$1,941,869
97$7,712,657$0$0$2,105,011
98$8,347,807$0$0$2,283,692
99$9,042,968$0$0$2,479,464
100$9,804,112$0$0$2,694,033