Can I retire at age 63 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$71,513$70,876$70,255$69,648$69,056$66,899
2 years$35,403$34,743$34,104$33,485$32,884$30,730
3 years$23,367$22,705$22,068$21,454$20,863$18,780
4 years$17,351$16,691$16,060$15,456$14,880$12,883
5 years$13,742$13,086$12,463$11,872$11,311$9,407
6 years$11,337$10,685$10,072$9,494$8,950$7,139
7 years$9,619$8,974$8,370$7,806$7,279$5,561
8 years$8,332$7,692$7,098$6,548$6,039$4,413
9 years$7,331$6,697$6,114$5,577$5,085$3,551
10 years$6,531$5,903$5,330$4,808$4,333$2,886
11 years$5,877$5,255$4,693$4,184$3,726$2,366
12 years$5,332$4,717$4,165$3,670$3,229$1,951
13 years$4,871$4,263$3,721$3,240$2,816$1,618
14 years$4,477$3,875$3,343$2,876$2,468$1,347
15 years$4,135$3,540$3,018$2,565$2,173$1,125
16 years$3,837$3,248$2,737$2,297$1,921$942
17 years$3,574$2,991$2,490$2,064$1,703$791
18 years$3,340$2,764$2,273$1,860$1,514$666
19 years$3,131$2,561$2,081$1,680$1,350$561
20 years$2,943$2,380$1,910$1,522$1,206$473
21 years$2,774$2,217$1,757$1,381$1,079$399
22 years$2,620$2,070$1,619$1,256$967$338
23 years$2,479$1,936$1,495$1,144$868$286
24 years$2,351$1,814$1,383$1,043$780$242
25 years$2,233$1,702$1,281$953$702$205
26 years$2,124$1,599$1,188$871$632$174
27 years$2,023$1,505$1,103$797$570$147
28 years$1,930$1,418$1,025$731$515$125
29 years$1,843$1,338$954$670$465$106
30 years$1,763$1,264$889$615$420$90
31 years$1,687$1,195$828$565$380$76
32 years$1,617$1,130$773$519$343$65
33 years$1,551$1,070$722$477$311$55
34 years$1,489$1,015$674$439$281$47
35 years$1,430$962$630$404$255$40
36 years$1,375$913$590$372$231$34
37 years$1,323$867$552$343$209$29
38 years$1,274$824$517$316$190$24
39 years$1,228$784$484$291$172$21
40 years$1,184$746$454$269$156$17
41 years$1,142$710$426$248$142$15
42 years$1,103$676$399$229$128$13
43 years$1,065$644$375$211$117$11
44 years$1,029$614$352$195$106$9
45 years$995$586$330$180$96$8
46 years$962$559$310$166$87$7
47 years$931$533$291$154$79$6
48 years$901$509$274$142$72$5
49 years$873$486$257$131$65$4
50 years$846$464$242$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $866,000, adding $4,855 every year, while hoping to spend $44,679 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: 63/7/30 Blend
62$866,000$866,000$866,000$866,000
63$959,340$913,442$900,019$1,011,767
64$1,009,654$910,662$882,631$1,045,188
65$1,063,604$906,249$863,164$1,076,399
66$1,121,511$900,075$841,500$1,109,552
67$1,183,732$892,006$817,517$1,144,845
68$1,250,655$881,897$791,087$1,182,498
69$1,322,710$869,598$762,076$1,222,756
70$1,400,366$854,947$730,345$1,265,892
71$1,484,139$837,775$695,747$1,312,204
72$1,574,596$817,901$658,129$1,362,027
73$1,672,360$795,134$617,332$1,415,729
74$1,778,117$769,272$573,189$1,473,720
75$1,892,620$740,101$525,525$1,536,453
76$2,016,695$707,394$474,158$1,604,429
77$2,151,253$670,911$418,898$1,678,204
78$2,297,295$630,400$359,545$1,758,393
79$2,455,922$585,593$295,893$1,845,675
80$2,628,344$536,205$227,724$1,940,804
81$2,815,894$481,938$154,811$2,044,612
82$3,020,037$422,474$76,919$2,158,020
83$3,242,385$357,480$0$2,282,048
84$3,484,714$286,602$0$2,419,808
85$3,748,976$209,466$0$2,596,963
86$4,037,320$125,678$0$2,790,329
87$4,352,112$34,823$0$3,001,517
88$4,695,958$0$0$3,232,303
89$5,071,724$0$0$3,489,536
90$5,482,566$0$0$3,773,773
91$5,931,960$0$0$4,084,744
92$6,423,733$0$0$4,425,104
93$6,962,098$0$0$4,797,779
94$7,551,695$0$0$5,205,987
95$8,197,635$0$0$5,653,276
96$8,905,543$0$0$6,143,551
97$9,681,619$0$0$6,681,115
98$10,532,687$0$0$7,270,703
99$11,466,266$0$0$7,917,535
100$12,490,636$0$0$8,627,359