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%14%
1 years$71,266$70,631$70,012$69,407$68,817$67,677
2 years$35,280$34,623$33,986$33,369$32,770$31,625
3 years$23,286$22,627$21,991$21,380$20,791$19,676
4 years$17,291$16,633$16,004$15,403$14,828$13,752
5 years$13,694$13,040$12,420$11,831$11,272$10,238
6 years$11,297$10,648$10,037$9,461$8,919$7,929
7 years$9,586$8,943$8,341$7,779$7,254$6,307
8 years$8,303$7,665$7,074$6,525$6,018$5,114
9 years$7,306$6,674$6,093$5,558$5,068$4,207
10 years$6,508$5,883$5,312$4,791$4,318$3,500
11 years$5,856$5,237$4,676$4,170$3,714$2,937
12 years$5,314$4,701$4,150$3,657$3,218$2,482
13 years$4,855$4,248$3,708$3,229$2,806$2,109
14 years$4,461$3,861$3,331$2,866$2,460$1,801
15 years$4,121$3,527$3,008$2,556$2,166$1,544
16 years$3,823$3,236$2,727$2,289$1,914$1,328
17 years$3,561$2,981$2,482$2,056$1,697$1,145
18 years$3,328$2,754$2,265$1,853$1,509$990
19 years$3,120$2,553$2,074$1,675$1,345$857
20 years$2,933$2,372$1,903$1,517$1,202$743
21 years$2,764$2,209$1,751$1,376$1,075$646
22 years$2,611$2,062$1,613$1,252$964$562
23 years$2,471$1,929$1,490$1,140$865$489
24 years$2,343$1,807$1,378$1,040$778$427
25 years$2,225$1,696$1,276$949$700$372
26 years$2,117$1,594$1,184$868$630$325
27 years$2,016$1,500$1,099$795$568$284
28 years$1,923$1,414$1,022$728$513$248
29 years$1,837$1,334$951$668$463$217
30 years$1,757$1,259$886$613$418$190
31 years$1,682$1,191$826$563$378$166
32 years$1,611$1,126$770$517$342$145
33 years$1,546$1,067$719$476$310$127
34 years$1,484$1,011$672$438$280$111
35 years$1,425$959$628$403$254$98
36 years$1,371$910$588$371$230$85
37 years$1,319$864$550$342$209$75
38 years$1,270$822$515$315$189$66
39 years$1,224$781$483$290$171$58
40 years$1,180$743$452$268$155$50
41 years$1,138$708$424$247$141$44
42 years$1,099$674$398$228$128$39
43 years$1,061$642$373$211$116$34
44 years$1,025$612$350$194$105$30
45 years$991$584$329$180$96$26
46 years$959$557$309$166$87$23
47 years$928$531$290$153$79$20
48 years$898$507$273$142$72$18
49 years$870$484$256$131$65$15
50 years$843$463$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $863,000, adding $4,599 every year, while hoping to spend $28,557 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: 68/10/22 Blend
62$863,000$863,000$863,000$863,000
63$955,770$910,031$896,654$1,015,163
64$1,022,874$924,238$896,308$1,069,727
65$1,095,866$938,184$894,993$1,125,666
66$1,175,315$951,826$892,646$1,186,181
67$1,261,850$965,119$889,203$1,251,721
68$1,356,161$978,012$884,593$1,322,784
69$1,459,009$990,453$878,746$1,399,918
70$1,571,229$1,002,387$871,585$1,483,726
71$1,693,742$1,013,752$863,032$1,574,875
72$1,827,563$1,024,485$853,003$1,674,097
73$1,973,807$1,034,517$841,411$1,782,203
74$2,133,703$1,043,776$828,165$1,900,086
75$2,308,603$1,052,183$813,171$2,028,728
76$2,499,996$1,059,656$796,328$2,169,215
77$2,709,523$1,066,107$777,532$2,322,742
78$2,938,989$1,071,441$756,675$2,490,629
79$3,190,383$1,075,559$733,640$2,674,329
80$3,465,896$1,078,354$708,311$2,875,446
81$3,767,938$1,079,715$680,560$3,095,746
82$4,099,168$1,079,521$650,259$3,337,178
83$4,462,510$1,077,644$617,270$3,601,891
84$4,861,188$1,073,950$581,450$3,892,253
85$5,298,751$1,068,296$542,650$4,210,876
86$5,779,110$1,060,529$500,715$4,560,638
87$6,306,571$1,050,487$455,482$4,944,713
88$6,885,881$1,038,000$406,780$5,366,601
89$7,522,265$1,022,887$354,432$5,830,158
90$8,221,483$1,004,955$298,251$6,339,639
91$8,989,877$984,001$238,046$6,899,730
92$9,834,436$959,808$173,612$7,515,602
93$10,762,859$932,149$104,738$8,192,950
94$11,783,629$900,783$31,205$8,938,056
95$12,906,090$865,452$0$9,757,844
96$14,140,539$825,887$0$10,671,043
97$15,498,319$781,801$0$11,683,509
98$16,991,930$732,892$0$12,797,242
99$18,635,142$678,838$0$14,022,529
100$20,443,127$619,302$0$15,370,702