Can I retire at age 63 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$71,431$70,795$70,174$69,568$68,976$67,473
2 years$35,362$34,703$34,065$33,446$32,846$31,339
3 years$23,340$22,679$22,042$21,429$20,839$19,375
4 years$17,331$16,671$16,041$15,439$14,862$13,454
5 years$13,726$13,071$12,449$11,858$11,298$9,948
6 years$11,324$10,673$10,060$9,483$8,940$7,650
7 years$9,608$8,963$8,360$7,797$7,270$6,041
8 years$8,322$7,683$7,090$6,540$6,032$4,862
9 years$7,323$6,690$6,107$5,571$5,079$3,969
10 years$6,524$5,897$5,324$4,802$4,328$3,275
11 years$5,870$5,249$4,687$4,179$3,722$2,726
12 years$5,326$4,712$4,160$3,666$3,226$2,284
13 years$4,866$4,258$3,716$3,236$2,813$1,924
14 years$4,472$3,870$3,339$2,873$2,466$1,629
15 years$4,131$3,536$3,015$2,562$2,171$1,384
16 years$3,832$3,244$2,733$2,294$1,919$1,179
17 years$3,569$2,987$2,487$2,061$1,701$1,007
18 years$3,336$2,761$2,271$1,858$1,513$862
19 years$3,127$2,558$2,079$1,679$1,348$740
20 years$2,940$2,377$1,908$1,520$1,204$636
21 years$2,770$2,214$1,755$1,380$1,078$547
22 years$2,617$2,067$1,617$1,254$966$471
23 years$2,476$1,933$1,493$1,142$867$406
24 years$2,348$1,811$1,381$1,042$779$350
25 years$2,230$1,700$1,279$952$701$302
26 years$2,121$1,598$1,186$870$632$261
27 years$2,021$1,504$1,102$796$570$226
28 years$1,928$1,417$1,024$730$514$195
29 years$1,841$1,337$953$669$464$169
30 years$1,761$1,262$888$614$419$146
31 years$1,686$1,193$828$564$379$127
32 years$1,615$1,129$772$518$343$110
33 years$1,549$1,069$721$477$310$95
34 years$1,487$1,013$674$439$281$82
35 years$1,429$961$630$404$255$71
36 years$1,374$912$589$372$231$62
37 years$1,322$866$551$343$209$54
38 years$1,273$823$516$316$189$46
39 years$1,227$783$484$291$172$40
40 years$1,183$745$453$269$156$35
41 years$1,141$709$425$248$141$30
42 years$1,101$675$399$229$128$26
43 years$1,064$644$374$211$116$23
44 years$1,028$613$351$195$106$20
45 years$994$585$330$180$96$17
46 years$961$558$310$166$87$15
47 years$930$533$291$154$79$13
48 years$900$508$274$142$72$11
49 years$872$485$257$131$65$10
50 years$845$464$242$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $865,000, adding $6,621 every year, while hoping to spend $57,829 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: 59/17/24 Blend
62$865,000$865,000$865,000$865,000
63$960,060$914,215$900,807$1,010,157
64$996,456$897,481$869,454$1,028,293
65$1,034,627$877,990$835,113$1,041,266
66$1,074,692$855,545$797,623$1,054,166
67$1,116,781$829,937$756,814$1,067,001
68$1,161,036$800,948$712,511$1,079,779
69$1,207,611$768,344$664,529$1,092,513
70$1,256,674$731,879$612,677$1,105,222
71$1,308,406$691,292$556,753$1,117,927
72$1,363,007$646,309$496,548$1,130,656
73$1,420,693$596,637$431,842$1,143,445
74$1,481,701$541,970$362,406$1,156,336
75$1,546,289$481,981$288,000$1,169,378
76$1,614,738$416,326$208,377$1,182,633
77$1,687,357$344,642$123,273$1,196,172
78$1,764,483$266,545$32,418$1,210,077
79$1,846,484$181,629$0$1,224,445
80$1,933,762$89,465$0$1,255,917
81$2,026,760$0$0$1,298,027
82$2,125,959$0$0$1,344,640
83$2,231,889$0$0$1,412,329
84$2,345,131$0$0$1,484,734
85$2,466,319$0$0$1,562,267
86$2,596,151$0$0$1,645,381
87$2,735,391$0$0$1,734,571
88$2,884,878$0$0$1,830,381
89$3,045,533$0$0$1,933,408
90$3,218,367$0$0$2,044,308
91$3,404,488$0$0$2,163,802
92$3,605,116$0$0$2,292,680
93$3,821,589$0$0$2,431,811
94$4,055,378$0$0$2,582,149
95$4,308,098$0$0$2,744,744
96$4,581,528$0$0$2,920,749
97$4,877,618$0$0$3,111,431
98$5,198,516$0$0$3,318,186
99$5,546,582$0$0$3,542,545
100$5,924,411$0$0$3,786,195