Can I retire at age 63 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$71,596$70,958$70,336$69,729$69,136$67,219
2 years$35,444$34,783$34,144$33,523$32,922$31,005
3 years$23,394$22,731$22,093$21,479$20,887$19,030
4 years$17,371$16,710$16,078$15,474$14,897$13,114
5 years$13,758$13,101$12,477$11,886$11,324$9,621
6 years$11,350$10,698$10,084$9,505$8,961$7,338
7 years$9,631$8,984$8,379$7,815$7,287$5,745
8 years$8,342$7,701$7,106$6,556$6,046$4,584
9 years$7,340$6,705$6,121$5,584$5,091$3,708
10 years$6,539$5,910$5,336$4,813$4,338$3,031
11 years$5,884$5,261$4,698$4,189$3,731$2,499
12 years$5,338$4,722$4,169$3,674$3,233$2,073
13 years$4,877$4,268$3,725$3,244$2,819$1,730
14 years$4,482$3,879$3,347$2,880$2,471$1,449
15 years$4,140$3,544$3,022$2,568$2,176$1,218
16 years$3,841$3,251$2,740$2,299$1,923$1,027
17 years$3,578$2,994$2,493$2,066$1,705$868
18 years$3,344$2,767$2,276$1,862$1,516$735
19 years$3,135$2,564$2,083$1,682$1,351$623
20 years$2,947$2,383$1,912$1,524$1,207$529
21 years$2,777$2,220$1,759$1,383$1,080$450
22 years$2,623$2,072$1,621$1,257$968$383
23 years$2,482$1,938$1,497$1,145$869$327
24 years$2,353$1,816$1,384$1,044$781$278
25 years$2,235$1,704$1,282$954$703$238
26 years$2,126$1,601$1,189$872$633$203
27 years$2,026$1,507$1,104$798$571$173
28 years$1,932$1,420$1,026$731$515$148
29 years$1,846$1,340$955$671$465$126
30 years$1,765$1,265$890$616$420$108
31 years$1,689$1,196$829$565$380$92
32 years$1,619$1,132$774$520$344$79
33 years$1,553$1,072$723$478$311$68
34 years$1,491$1,016$675$440$282$58
35 years$1,432$963$631$405$255$49
36 years$1,377$914$590$373$231$42
37 years$1,325$868$553$343$209$36
38 years$1,276$825$518$316$190$31
39 years$1,229$785$485$292$172$27
40 years$1,185$747$454$269$156$23
41 years$1,144$711$426$248$142$19
42 years$1,104$677$400$229$129$17
43 years$1,066$645$375$212$117$14
44 years$1,030$615$352$195$106$12
45 years$996$586$331$180$96$10
46 years$963$559$311$167$87$9
47 years$932$534$292$154$79$8
48 years$902$510$274$142$72$7
49 years$874$487$258$131$65$6
50 years$846$465$242$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $867,000, adding $4,658 every year, while hoping to spend $26,710 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: 35/48/17 Blend
62$867,000$867,000$867,000$867,000
63$960,239$914,288$900,849$988,689
64$1,029,764$930,669$902,608$1,026,219
65$1,105,485$946,957$903,531$1,063,846
66$1,188,007$963,120$903,562$1,103,879
67$1,277,993$979,123$902,641$1,146,544
68$1,376,176$994,927$900,706$1,192,095
69$1,483,360$1,010,492$897,694$1,240,809
70$1,600,431$1,025,774$893,535$1,292,996
71$1,728,365$1,040,727$888,158$1,348,994
72$1,868,235$1,055,301$881,490$1,409,181
73$2,021,226$1,069,441$873,450$1,473,971
74$2,188,638$1,083,091$863,958$1,543,824
75$2,371,906$1,096,188$852,926$1,619,247
76$2,572,607$1,108,669$840,267$1,700,799
77$2,792,481$1,120,462$825,884$1,789,100
78$3,033,443$1,131,493$809,680$1,884,833
79$3,297,601$1,141,683$791,551$1,988,754
80$3,587,277$1,150,947$771,389$2,101,697
81$3,905,030$1,159,194$749,081$2,224,583
82$4,253,678$1,166,328$724,509$2,358,430
83$4,636,322$1,172,248$697,550$2,504,361
84$5,056,383$1,176,844$668,074$2,663,619
85$5,517,625$1,180,001$635,945$2,837,573
86$6,024,197$1,181,595$601,024$3,027,736
87$6,580,668$1,181,496$563,161$3,235,780
88$7,192,073$1,179,566$522,203$3,463,549
89$7,863,956$1,175,656$477,989$3,713,080
90$8,602,427$1,169,611$430,349$3,986,621
91$9,414,218$1,161,265$379,109$4,286,654
92$10,306,743$1,150,442$324,084$4,615,917
93$11,288,172$1,136,955$265,082$4,977,436
94$12,367,506$1,120,606$201,903$5,374,546
95$13,554,663$1,101,187$134,338$5,810,931
96$14,860,568$1,078,475$62,168$6,290,654
97$16,297,261$1,052,234$0$6,818,202
98$17,878,005$1,022,217$0$7,401,216
99$19,617,415$988,159$0$8,054,673
100$21,531,594$949,782$0$8,773,355