Can I retire at age 63 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$71,348$70,713$70,093$69,488$68,897$67,506
2 years$35,321$34,663$34,026$33,407$32,808$31,413
3 years$23,313$22,653$22,017$21,404$20,815$19,459
4 years$17,311$16,652$16,023$15,421$14,845$13,539
5 years$13,710$13,055$12,434$11,845$11,285$10,032
6 years$11,311$10,661$10,049$9,472$8,930$7,731
7 years$9,597$8,953$8,350$7,788$7,262$6,119
8 years$8,313$7,674$7,082$6,533$6,025$4,936
9 years$7,314$6,682$6,100$5,565$5,074$4,039
10 years$6,516$5,890$5,318$4,797$4,323$3,341
11 years$5,863$5,243$4,682$4,175$3,718$2,788
12 years$5,320$4,706$4,155$3,662$3,222$2,342
13 years$4,860$4,253$3,712$3,233$2,810$1,979
14 years$4,467$3,866$3,335$2,870$2,463$1,679
15 years$4,126$3,531$3,011$2,559$2,168$1,430
16 years$3,828$3,240$2,730$2,291$1,916$1,222
17 years$3,565$2,984$2,484$2,059$1,699$1,047
18 years$3,332$2,757$2,268$1,855$1,511$899
19 years$3,124$2,555$2,076$1,677$1,347$774
20 years$2,936$2,375$1,905$1,518$1,203$667
21 years$2,767$2,212$1,753$1,378$1,076$575
22 years$2,614$2,065$1,615$1,253$965$497
23 years$2,474$1,931$1,491$1,141$866$430
24 years$2,345$1,809$1,379$1,041$779$372
25 years$2,228$1,698$1,278$951$701$322
26 years$2,119$1,596$1,185$869$631$279
27 years$2,019$1,502$1,100$795$569$242
28 years$1,926$1,415$1,023$729$513$210
29 years$1,839$1,335$952$668$464$182
30 years$1,759$1,261$887$613$419$158
31 years$1,684$1,192$827$563$379$138
32 years$1,613$1,128$771$518$343$120
33 years$1,547$1,068$720$476$310$104
34 years$1,485$1,012$673$438$281$90
35 years$1,427$960$629$403$254$78
36 years$1,372$911$588$371$230$68
37 years$1,320$865$551$342$209$59
38 years$1,271$823$516$315$189$52
39 years$1,225$782$483$291$172$45
40 years$1,181$744$453$268$156$39
41 years$1,140$708$425$247$141$34
42 years$1,100$675$398$228$128$30
43 years$1,062$643$374$211$116$26
44 years$1,027$613$351$195$106$22
45 years$992$584$329$180$96$19
46 years$960$557$309$166$87$17
47 years$929$532$291$153$79$15
48 years$899$508$273$142$72$13
49 years$871$485$257$131$65$11
50 years$844$463$241$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $864,000, adding $4,507 every year, while hoping to spend $50,832 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: 59/28/13 Blend
62$864,000$864,000$864,000$864,000
63$956,777$910,985$897,593$1,009,884
64$1,000,283$901,538$873,577$1,036,766
65$1,046,524$889,925$847,054$1,059,989
66$1,095,723$875,986$817,884$1,084,102
67$1,148,129$859,550$785,925$1,109,195
68$1,204,009$840,440$751,025$1,135,372
69$1,263,661$818,465$713,027$1,162,748
70$1,327,408$793,423$671,767$1,191,452
71$1,395,605$765,102$627,073$1,221,629
72$1,468,641$733,277$578,764$1,253,443
73$1,546,944$697,708$526,654$1,287,077
74$1,630,981$658,145$470,546$1,322,733
75$1,721,267$614,320$410,235$1,360,642
76$1,818,366$565,951$345,507$1,401,058
77$1,922,897$512,740$276,140$1,444,266
78$2,035,541$454,373$201,898$1,490,586
79$2,157,044$390,515$122,540$1,540,372
80$2,288,227$320,815$37,810$1,594,021
81$2,429,993$244,902$0$1,651,975
82$2,583,333$162,383$0$1,722,024
83$2,749,336$72,843$0$1,803,489
84$2,929,200$0$0$1,891,770
85$3,124,243$0$0$1,995,031
86$3,335,912$0$0$2,131,511
87$3,565,801$0$0$2,279,801
88$3,815,661$0$0$2,441,039
89$4,087,421$0$0$2,616,477
90$4,383,201$0$0$2,807,494
91$4,705,335$0$0$3,015,604
92$5,056,391$0$0$3,242,477
93$5,439,195$0$0$3,489,947
94$5,856,856$0$0$3,760,038
95$6,312,799$0$0$4,054,972
96$6,810,793$0$0$4,377,198
97$7,354,985$0$0$4,729,413
98$7,949,944$0$0$5,114,586
99$8,600,699$0$0$5,535,983
100$9,312,786$0$0$5,997,203