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%11.9%
1 years$71,431$70,795$70,174$69,568$68,976$68,427
2 years$35,362$34,703$34,065$33,446$32,846$32,292
3 years$23,340$22,679$22,042$21,429$20,839$20,298
4 years$17,331$16,671$16,041$15,439$14,862$14,338
5 years$13,726$13,071$12,449$11,858$11,298$10,792
6 years$11,324$10,673$10,060$9,483$8,940$8,453
7 years$9,608$8,963$8,360$7,797$7,270$6,803
8 years$8,322$7,683$7,090$6,540$6,032$5,584
9 years$7,323$6,690$6,107$5,571$5,079$4,651
10 years$6,524$5,897$5,324$4,802$4,328$3,918
11 years$5,870$5,249$4,687$4,179$3,722$3,331
12 years$5,326$4,712$4,160$3,666$3,226$2,853
13 years$4,866$4,258$3,716$3,236$2,813$2,458
14 years$4,472$3,870$3,339$2,873$2,466$2,128
15 years$4,131$3,536$3,015$2,562$2,171$1,850
16 years$3,832$3,244$2,733$2,294$1,919$1,615
17 years$3,569$2,987$2,487$2,061$1,701$1,413
18 years$3,336$2,761$2,271$1,858$1,513$1,240
19 years$3,127$2,558$2,079$1,679$1,348$1,090
20 years$2,940$2,377$1,908$1,520$1,204$961
21 years$2,770$2,214$1,755$1,380$1,078$848
22 years$2,617$2,067$1,617$1,254$966$749
23 years$2,476$1,933$1,493$1,142$867$663
24 years$2,348$1,811$1,381$1,042$779$588
25 years$2,230$1,700$1,279$952$701$521
26 years$2,121$1,598$1,186$870$632$463
27 years$2,021$1,504$1,102$796$570$411
28 years$1,928$1,417$1,024$730$514$365
29 years$1,841$1,337$953$669$464$325
30 years$1,761$1,262$888$614$419$289
31 years$1,686$1,193$828$564$379$257
32 years$1,615$1,129$772$518$343$229
33 years$1,549$1,069$721$477$310$204
34 years$1,487$1,013$674$439$281$182
35 years$1,429$961$630$404$255$162
36 years$1,374$912$589$372$231$145
37 years$1,322$866$551$343$209$129
38 years$1,273$823$516$316$189$115
39 years$1,227$783$484$291$172$103
40 years$1,183$745$453$269$156$92
41 years$1,141$709$425$248$141$82
42 years$1,101$675$399$229$128$73
43 years$1,064$644$374$211$116$65
44 years$1,028$613$351$195$106$58
45 years$994$585$330$180$96$52
46 years$961$558$310$166$87$46
47 years$930$533$291$154$79$41
48 years$900$508$274$142$72$37
49 years$872$485$257$131$65$33
50 years$845$464$242$121$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $865,000, adding $6,907 every year, while hoping to spend $25,508 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: 73/18/9 Blend
62$865,000$865,000$865,000$865,000
63$960,355$914,510$901,102$1,028,446
64$1,031,170$932,180$904,149$1,091,991
65$1,108,355$949,862$906,442$1,157,708
66$1,192,530$967,528$907,931$1,228,974
67$1,284,381$985,150$908,560$1,306,329
68$1,384,663$1,002,697$908,272$1,390,370
69$1,494,206$1,020,137$907,006$1,481,751
70$1,613,923$1,037,432$904,700$1,581,197
71$1,744,823$1,054,546$901,286$1,689,502
72$1,888,011$1,071,435$896,696$1,807,546
73$2,044,710$1,088,057$890,857$1,936,293
74$2,216,261$1,104,363$883,691$2,076,810
75$2,404,145$1,120,302$875,120$2,230,268
76$2,609,991$1,135,819$865,060$2,397,960
77$2,835,592$1,150,857$853,421$2,581,311
78$3,082,925$1,165,351$840,114$2,781,890
79$3,354,167$1,179,237$825,041$3,001,427
80$3,651,714$1,192,441$808,102$3,241,827
81$3,978,206$1,204,888$789,191$3,505,189
82$4,336,552$1,216,497$768,198$3,793,829
83$4,729,956$1,227,180$745,007$4,110,295
84$5,161,945$1,236,846$719,499$4,457,399
85$5,636,408$1,245,396$691,546$4,838,236
86$6,157,626$1,252,725$661,018$5,256,221
87$6,730,316$1,258,721$627,775$5,715,114
88$7,359,677$1,263,267$591,674$6,219,061
89$8,051,433$1,266,236$552,563$6,772,629
90$8,811,892$1,267,494$510,287$7,380,852
91$9,648,002$1,266,899$464,679$8,049,281
92$10,567,421$1,264,299$415,568$8,784,028
93$11,578,583$1,259,535$362,775$9,591,833
94$12,690,782$1,252,436$306,111$10,480,123
95$13,914,258$1,242,821$245,382$11,457,083
96$15,260,292$1,230,499$180,382$12,531,734
97$16,741,315$1,215,267$110,899$13,714,018
98$18,371,023$1,196,910$36,708$15,014,891
99$20,164,508$1,175,199$0$16,446,430
100$22,138,397$1,149,892$0$18,026,021