Can I retire at age 63 with 863,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$71,266$70,631$70,012$69,407$68,817$66,534
2 years$35,280$34,623$33,986$33,369$32,770$30,492
3 years$23,286$22,627$21,991$21,380$20,791$18,589
4 years$17,291$16,633$16,004$15,403$14,828$12,720
5 years$13,694$13,040$12,420$11,831$11,272$9,263
6 years$11,297$10,648$10,037$9,461$8,919$7,011
7 years$9,586$8,943$8,341$7,779$7,254$5,446
8 years$8,303$7,665$7,074$6,525$6,018$4,309
9 years$7,306$6,674$6,093$5,558$5,068$3,456
10 years$6,508$5,883$5,312$4,791$4,318$2,801
11 years$5,856$5,237$4,676$4,170$3,714$2,288
12 years$5,314$4,701$4,150$3,657$3,218$1,881
13 years$4,855$4,248$3,708$3,229$2,806$1,554
14 years$4,461$3,861$3,331$2,866$2,460$1,289
15 years$4,121$3,527$3,008$2,556$2,166$1,073
16 years$3,823$3,236$2,727$2,289$1,914$896
17 years$3,561$2,981$2,482$2,056$1,697$749
18 years$3,328$2,754$2,265$1,853$1,509$628
19 years$3,120$2,553$2,074$1,675$1,345$527
20 years$2,933$2,372$1,903$1,517$1,202$443
21 years$2,764$2,209$1,751$1,376$1,075$373
22 years$2,611$2,062$1,613$1,252$964$314
23 years$2,471$1,929$1,490$1,140$865$264
24 years$2,343$1,807$1,378$1,040$778$223
25 years$2,225$1,696$1,276$949$700$188
26 years$2,117$1,594$1,184$868$630$159
27 years$2,016$1,500$1,099$795$568$134
28 years$1,923$1,414$1,022$728$513$113
29 years$1,837$1,334$951$668$463$96
30 years$1,757$1,259$886$613$418$81
31 years$1,682$1,191$826$563$378$68
32 years$1,611$1,126$770$517$342$58
33 years$1,546$1,067$719$476$310$49
34 years$1,484$1,011$672$438$280$41
35 years$1,425$959$628$403$254$35
36 years$1,371$910$588$371$230$30
37 years$1,319$864$550$342$209$25
38 years$1,270$822$515$315$189$21
39 years$1,224$781$483$290$171$18
40 years$1,180$743$452$268$155$15
41 years$1,138$708$424$247$141$13
42 years$1,099$674$398$228$128$11
43 years$1,061$642$373$211$116$9
44 years$1,025$612$350$194$105$8
45 years$991$584$329$180$96$7
46 years$959$557$309$166$87$6
47 years$928$531$290$153$79$5
48 years$898$507$273$142$72$4
49 years$870$484$256$131$65$3
50 years$843$463$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 $863,000, adding $3,240 every year, while hoping to spend $28,392 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: 61/33/6 Blend
62$863,000$863,000$863,000$863,000
63$954,368$908,629$895,253$1,011,331
64$1,021,505$922,943$895,035$1,064,101
65$1,094,538$937,007$893,858$1,118,067
66$1,174,039$950,778$891,660$1,176,219
67$1,260,636$964,212$888,376$1,238,960
68$1,355,022$977,259$883,938$1,306,733
69$1,457,958$989,869$878,274$1,380,030
70$1,570,283$1,001,985$871,309$1,459,388
71$1,692,918$1,013,549$862,964$1,545,404
72$1,826,880$1,024,497$853,158$1,638,732
73$1,973,286$1,034,762$841,803$1,740,097
74$2,133,368$1,044,272$828,810$1,850,295
75$2,308,481$1,052,950$814,084$1,970,204
76$2,500,116$1,060,716$797,527$2,100,795
77$2,709,918$1,067,481$779,034$2,243,134
78$2,939,696$1,073,153$758,497$2,398,400
79$3,191,442$1,077,635$735,804$2,567,891
80$3,467,351$1,080,820$710,835$2,753,038
81$3,769,839$1,082,599$683,467$2,955,421
82$4,101,569$1,082,853$653,569$3,176,780
83$4,465,473$1,081,456$621,007$3,419,035
84$4,864,779$1,078,276$585,639$3,684,300
85$5,303,045$1,073,170$547,317$3,974,910
86$5,784,189$1,065,989$505,885$4,293,436
87$6,312,527$1,056,573$461,184$4,642,716
88$6,892,814$1,044,754$413,042$5,025,876
89$7,530,287$1,030,353$361,285$5,446,364
90$8,230,716$1,013,180$305,728$5,907,982
91$9,000,457$993,034$246,178$6,414,923
92$9,846,514$969,703$182,435$6,971,806
93$10,776,600$942,960$114,288$7,583,728
94$11,799,217$912,568$41,520$8,256,306
95$12,923,727$878,275$0$8,995,734
96$14,160,449$839,811$0$9,811,153
97$15,520,749$796,896$0$10,710,765
98$17,017,151$749,231$0$11,700,225
99$18,663,455$696,498$0$12,788,699
100$20,474,865$638,363$0$13,986,292