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%14.7%
1 years$71,513$70,876$70,255$69,648$69,056$67,717
2 years$35,403$34,743$34,104$33,485$32,884$31,540
3 years$23,367$22,705$22,068$21,454$20,863$19,557
4 years$17,351$16,691$16,060$15,456$14,880$13,621
5 years$13,742$13,086$12,463$11,872$11,311$10,103
6 years$11,337$10,685$10,072$9,494$8,950$7,795
7 years$9,619$8,974$8,370$7,806$7,279$6,176
8 years$8,332$7,692$7,098$6,548$6,039$4,988
9 years$7,331$6,697$6,114$5,577$5,085$4,086
10 years$6,531$5,903$5,330$4,808$4,333$3,384
11 years$5,877$5,255$4,693$4,184$3,726$2,827
12 years$5,332$4,717$4,165$3,670$3,229$2,379
13 years$4,871$4,263$3,721$3,240$2,816$2,012
14 years$4,477$3,875$3,343$2,876$2,468$1,710
15 years$4,135$3,540$3,018$2,565$2,173$1,459
16 years$3,837$3,248$2,737$2,297$1,921$1,248
17 years$3,574$2,991$2,490$2,064$1,703$1,071
18 years$3,340$2,764$2,273$1,860$1,514$921
19 years$3,131$2,561$2,081$1,680$1,350$794
20 years$2,943$2,380$1,910$1,522$1,206$685
21 years$2,774$2,217$1,757$1,381$1,079$592
22 years$2,620$2,070$1,619$1,256$967$512
23 years$2,479$1,936$1,495$1,144$868$444
24 years$2,351$1,814$1,383$1,043$780$385
25 years$2,233$1,702$1,281$953$702$334
26 years$2,124$1,599$1,188$871$632$290
27 years$2,023$1,505$1,103$797$570$252
28 years$1,930$1,418$1,025$731$515$219
29 years$1,843$1,338$954$670$465$190
30 years$1,763$1,264$889$615$420$165
31 years$1,687$1,195$828$565$380$144
32 years$1,617$1,130$773$519$343$125
33 years$1,551$1,070$722$477$311$109
34 years$1,489$1,015$674$439$281$95
35 years$1,430$962$630$404$255$83
36 years$1,375$913$590$372$231$72
37 years$1,323$867$552$343$209$63
38 years$1,274$824$517$316$190$55
39 years$1,228$784$484$291$172$48
40 years$1,184$746$454$269$156$41
41 years$1,142$710$426$248$142$36
42 years$1,103$676$399$229$128$31
43 years$1,065$644$375$211$117$27
44 years$1,029$614$352$195$106$24
45 years$995$586$330$180$96$21
46 years$962$559$310$166$87$18
47 years$931$533$291$154$79$16
48 years$901$509$274$142$72$14
49 years$873$486$257$131$65$12
50 years$846$464$242$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $866,000, adding $6,556 every year, while hoping to spend $24,782 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: 38/38/24 Blend
62$866,000$866,000$866,000$866,000
63$961,095$915,197$901,774$990,517
64$1,032,758$933,673$905,615$1,031,012
65$1,110,901$952,225$908,755$1,071,964
66$1,196,158$970,829$911,143$1,115,730
67$1,289,227$989,460$912,727$1,162,581
68$1,390,878$1,008,093$913,453$1,212,816
69$1,501,956$1,026,699$913,263$1,266,762
70$1,623,395$1,045,247$912,096$1,324,783
71$1,756,220$1,063,703$909,891$1,387,281
72$1,901,562$1,082,031$906,579$1,454,696
73$2,060,664$1,100,193$902,091$1,527,517
74$2,234,896$1,118,147$896,356$1,606,285
75$2,425,767$1,135,847$889,296$1,691,593
76$2,634,938$1,153,247$880,830$1,784,098
77$2,864,240$1,170,295$870,877$1,884,526
78$3,115,688$1,186,935$859,346$1,993,677
79$3,391,502$1,203,108$846,148$2,112,433
80$3,694,125$1,218,751$831,184$2,241,771
81$4,026,252$1,233,796$814,355$2,382,764
82$4,390,849$1,248,171$795,555$2,536,602
83$4,791,183$1,261,799$774,674$2,704,594
84$5,230,854$1,274,597$751,596$2,888,186
85$5,713,827$1,286,478$726,200$3,088,973
86$6,244,471$1,297,348$698,360$3,308,718
87$6,827,596$1,307,108$667,945$3,549,361
88$7,468,505$1,315,651$634,815$3,813,047
89$8,173,039$1,322,864$598,828$4,102,140
90$8,947,631$1,328,626$559,831$4,419,251
91$9,799,372$1,332,811$517,668$4,767,258
92$10,736,071$1,335,282$472,173$5,149,336
93$11,766,334$1,335,895$423,175$5,568,989
94$12,899,643$1,334,496$370,493$6,030,082
95$14,146,443$1,330,923$313,941$6,536,878
96$15,518,244$1,325,002$253,322$7,094,080
97$17,027,728$1,316,550$188,431$7,706,873
98$18,688,867$1,305,373$119,055$8,380,980
99$20,517,059$1,291,264$44,971$9,122,709
100$22,529,268$1,274,004$0$9,939,021