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%18.9%
1 years$71,431$70,795$70,174$69,568$68,976$66,503
2 years$35,362$34,703$34,065$33,446$32,846$30,380
3 years$23,340$22,679$22,042$21,429$20,839$18,459
4 years$17,331$16,671$16,041$15,439$14,862$12,587
5 years$13,726$13,071$12,449$11,858$11,298$9,132
6 years$11,324$10,673$10,060$9,483$8,940$6,885
7 years$9,608$8,963$8,360$7,797$7,270$5,327
8 years$8,322$7,683$7,090$6,540$6,032$4,197
9 years$7,323$6,690$6,107$5,571$5,079$3,352
10 years$6,524$5,897$5,324$4,802$4,328$2,705
11 years$5,870$5,249$4,687$4,179$3,722$2,200
12 years$5,326$4,712$4,160$3,666$3,226$1,800
13 years$4,866$4,258$3,716$3,236$2,813$1,480
14 years$4,472$3,870$3,339$2,873$2,466$1,222
15 years$4,131$3,536$3,015$2,562$2,171$1,012
16 years$3,832$3,244$2,733$2,294$1,919$840
17 years$3,569$2,987$2,487$2,061$1,701$699
18 years$3,336$2,761$2,271$1,858$1,513$583
19 years$3,127$2,558$2,079$1,679$1,348$487
20 years$2,940$2,377$1,908$1,520$1,204$407
21 years$2,770$2,214$1,755$1,380$1,078$340
22 years$2,617$2,067$1,617$1,254$966$285
23 years$2,476$1,933$1,493$1,142$867$239
24 years$2,348$1,811$1,381$1,042$779$200
25 years$2,230$1,700$1,279$952$701$168
26 years$2,121$1,598$1,186$870$632$141
27 years$2,021$1,504$1,102$796$570$118
28 years$1,928$1,417$1,024$730$514$99
29 years$1,841$1,337$953$669$464$84
30 years$1,761$1,262$888$614$419$70
31 years$1,686$1,193$828$564$379$59
32 years$1,615$1,129$772$518$343$50
33 years$1,549$1,069$721$477$310$42
34 years$1,487$1,013$674$439$281$35
35 years$1,429$961$630$404$255$29
36 years$1,374$912$589$372$231$25
37 years$1,322$866$551$343$209$21
38 years$1,273$823$516$316$189$17
39 years$1,227$783$484$291$172$15
40 years$1,183$745$453$269$156$12
41 years$1,141$709$425$248$141$10
42 years$1,101$675$399$229$128$9
43 years$1,064$644$374$211$116$7
44 years$1,028$613$351$195$106$6
45 years$994$585$330$180$96$5
46 years$961$558$310$166$87$4
47 years$930$533$291$154$79$4
48 years$900$508$274$142$72$3
49 years$872$485$257$131$65$3
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $865,000, adding $6,139 every year, while hoping to spend $33,094 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: 38/40/22 Blend
62$865,000$865,000$865,000$865,000
63$959,562$913,717$900,310$989,509
64$1,022,226$923,278$895,258$1,021,344
65$1,090,172$932,197$888,929$1,052,174
66$1,163,905$940,410$881,243$1,084,824
67$1,243,978$947,845$872,119$1,119,478
68$1,331,001$954,427$861,473$1,156,341
69$1,425,645$960,076$849,214$1,195,639
70$1,528,647$964,706$835,249$1,237,625
71$1,640,820$968,227$819,481$1,282,579
72$1,763,056$970,543$801,806$1,330,810
73$1,896,339$971,550$782,117$1,382,663
74$2,041,750$971,141$760,303$1,438,520
75$2,200,480$969,199$736,245$1,498,804
76$2,373,841$965,602$709,821$1,563,986
77$2,563,276$960,219$680,903$1,634,586
78$2,770,373$952,913$649,356$1,711,180
79$2,996,882$943,536$615,040$1,794,409
80$3,244,728$931,933$577,808$1,884,979
81$3,516,033$917,941$537,507$1,983,676
82$3,813,131$901,383$493,977$2,091,368
83$4,138,596$882,076$447,050$2,209,015
84$4,495,258$859,823$396,552$2,337,684
85$4,886,237$834,417$342,300$2,478,550
86$5,314,969$805,639$284,102$2,632,918
87$5,785,237$773,257$221,761$2,802,230
88$6,301,209$737,024$155,067$2,988,079
89$6,867,475$696,681$83,805$3,192,231
90$7,489,092$651,953$7,747$3,416,637
91$8,171,629$602,549$0$3,663,452
92$8,921,223$548,161$0$3,952,296
93$9,744,632$488,465$0$4,271,631
94$10,649,302$423,118$0$4,622,611
95$11,643,437$351,756$0$5,008,516
96$12,736,072$273,997$0$5,432,971
97$13,937,163$189,435$0$5,899,974
98$15,257,679$97,643$0$6,413,939
99$16,709,704$0$0$6,979,735
100$18,306,551$0$0$7,603,543