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%13.4%
1 years$71,513$70,876$70,255$69,648$69,056$68,080
2 years$35,403$34,743$34,104$33,485$32,884$31,903
3 years$23,367$22,705$22,068$21,454$20,863$19,907
4 years$17,351$16,691$16,060$15,456$14,880$13,956
5 years$13,742$13,086$12,463$11,872$11,311$10,423
6 years$11,337$10,685$10,072$9,494$8,950$8,098
7 years$9,619$8,974$8,370$7,806$7,279$6,463
8 years$8,332$7,692$7,098$6,548$6,039$5,259
9 years$7,331$6,697$6,114$5,577$5,085$4,342
10 years$6,531$5,903$5,330$4,808$4,333$3,625
11 years$5,877$5,255$4,693$4,184$3,726$3,053
12 years$5,332$4,717$4,165$3,670$3,229$2,590
13 years$4,871$4,263$3,721$3,240$2,816$2,210
14 years$4,477$3,875$3,343$2,876$2,468$1,894
15 years$4,135$3,540$3,018$2,565$2,173$1,631
16 years$3,837$3,248$2,737$2,297$1,921$1,408
17 years$3,574$2,991$2,490$2,064$1,703$1,220
18 years$3,340$2,764$2,273$1,860$1,514$1,059
19 years$3,131$2,561$2,081$1,680$1,350$921
20 years$2,943$2,380$1,910$1,522$1,206$803
21 years$2,774$2,217$1,757$1,381$1,079$700
22 years$2,620$2,070$1,619$1,256$967$612
23 years$2,479$1,936$1,495$1,144$868$536
24 years$2,351$1,814$1,383$1,043$780$469
25 years$2,233$1,702$1,281$953$702$411
26 years$2,124$1,599$1,188$871$632$361
27 years$2,023$1,505$1,103$797$570$317
28 years$1,930$1,418$1,025$731$515$278
29 years$1,843$1,338$954$670$465$244
30 years$1,763$1,264$889$615$420$215
31 years$1,687$1,195$828$565$380$189
32 years$1,617$1,130$773$519$343$166
33 years$1,551$1,070$722$477$311$146
34 years$1,489$1,015$674$439$281$129
35 years$1,430$962$630$404$255$113
36 years$1,375$913$590$372$231$100
37 years$1,323$867$552$343$209$88
38 years$1,274$824$517$316$190$77
39 years$1,228$784$484$291$172$68
40 years$1,184$746$454$269$156$60
41 years$1,142$710$426$248$142$53
42 years$1,103$676$399$229$128$47
43 years$1,065$644$375$211$117$41
44 years$1,029$614$352$195$106$36
45 years$995$586$330$180$96$32
46 years$962$559$310$166$87$28
47 years$931$533$291$154$79$25
48 years$901$509$274$142$72$22
49 years$873$486$257$131$65$19
50 years$846$464$242$121$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $866,000, adding $2,301 every year, while hoping to spend $26,253 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: 56/32/12 Blend
62$866,000$866,000$866,000$866,000
63$956,705$910,807$897,384$1,007,253
64$1,026,356$927,504$899,514$1,058,433
65$1,102,232$944,139$900,835$1,111,073
66$1,184,939$960,681$901,292$1,167,792
67$1,275,146$977,098$900,829$1,228,986
68$1,373,589$993,353$899,384$1,295,089
69$1,481,076$1,009,409$896,895$1,366,579
70$1,598,500$1,025,224$893,295$1,443,985
71$1,726,841$1,040,754$888,515$1,527,889
72$1,867,180$1,055,952$882,481$1,618,932
73$2,020,706$1,070,767$875,117$1,717,822
74$2,188,728$1,085,145$866,344$1,825,339
75$2,372,689$1,099,027$856,077$1,942,344
76$2,574,175$1,112,352$844,228$2,069,784
77$2,794,937$1,125,054$830,706$2,208,705
78$3,036,900$1,137,061$815,413$2,360,260
79$3,302,185$1,148,298$798,251$2,525,721
80$3,593,128$1,158,684$779,112$2,706,488
81$3,912,301$1,168,134$757,887$2,904,107
82$4,262,540$1,176,556$734,460$3,120,283
83$4,646,965$1,183,854$708,710$3,356,893
84$5,069,015$1,189,923$680,512$3,616,011
85$5,532,479$1,194,653$649,733$3,899,920
86$6,041,528$1,197,927$616,235$4,211,139
87$6,600,759$1,199,621$579,875$4,552,444
88$7,215,236$1,199,602$540,500$4,926,899
89$7,890,538$1,197,730$497,955$5,337,878
90$8,632,810$1,193,856$452,073$5,789,105
91$9,448,823$1,187,821$402,684$6,284,684
92$10,346,036$1,179,458$349,607$6,829,138
93$11,332,668$1,168,588$292,656$7,427,458
94$12,417,774$1,155,022$231,633$8,085,143
95$13,611,330$1,138,561$166,336$8,808,257
96$14,924,327$1,118,992$96,550$9,603,487
97$16,368,876$1,096,090$22,052$10,478,203
98$17,958,321$1,069,618$0$11,440,530
99$19,707,363$1,039,322$0$12,506,784
100$21,632,202$1,004,937$0$13,682,975