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%12.1%
1 years$71,596$70,958$70,336$69,729$69,136$68,528
2 years$35,444$34,783$34,144$33,523$32,922$32,309
3 years$23,394$22,731$22,093$21,479$20,887$20,289
4 years$17,371$16,710$16,078$15,474$14,897$14,317
5 years$13,758$13,101$12,477$11,886$11,324$10,766
6 years$11,350$10,698$10,084$9,505$8,961$8,423
7 years$9,631$8,984$8,379$7,815$7,287$6,771
8 years$8,342$7,701$7,106$6,556$6,046$5,551
9 years$7,340$6,705$6,121$5,584$5,091$4,618
10 years$6,539$5,910$5,336$4,813$4,338$3,886
11 years$5,884$5,261$4,698$4,189$3,731$3,300
12 years$5,338$4,722$4,169$3,674$3,233$2,822
13 years$4,877$4,268$3,725$3,244$2,819$2,428
14 years$4,482$3,879$3,347$2,880$2,471$2,100
15 years$4,140$3,544$3,022$2,568$2,176$1,823
16 years$3,841$3,251$2,740$2,299$1,923$1,589
17 years$3,578$2,994$2,493$2,066$1,705$1,389
18 years$3,344$2,767$2,276$1,862$1,516$1,217
19 years$3,135$2,564$2,083$1,682$1,351$1,069
20 years$2,947$2,383$1,912$1,524$1,207$940
21 years$2,777$2,220$1,759$1,383$1,080$829
22 years$2,623$2,072$1,621$1,257$968$731
23 years$2,482$1,938$1,497$1,145$869$646
24 years$2,353$1,816$1,384$1,044$781$572
25 years$2,235$1,704$1,282$954$703$506
26 years$2,126$1,601$1,189$872$633$449
27 years$2,026$1,507$1,104$798$571$398
28 years$1,932$1,420$1,026$731$515$353
29 years$1,846$1,340$955$671$465$313
30 years$1,765$1,265$890$616$420$279
31 years$1,689$1,196$829$565$380$248
32 years$1,619$1,132$774$520$344$220
33 years$1,553$1,072$723$478$311$196
34 years$1,491$1,016$675$440$282$174
35 years$1,432$963$631$405$255$155
36 years$1,377$914$590$373$231$138
37 years$1,325$868$553$343$209$123
38 years$1,276$825$518$316$190$109
39 years$1,229$785$485$292$172$98
40 years$1,185$747$454$269$156$87
41 years$1,144$711$426$248$142$77
42 years$1,104$677$400$229$129$69
43 years$1,066$645$375$212$117$61
44 years$1,030$615$352$195$106$55
45 years$996$586$331$180$96$49
46 years$963$559$311$167$87$44
47 years$932$534$292$154$79$39
48 years$902$510$274$142$72$35
49 years$874$487$258$131$65$31
50 years$846$465$242$122$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $867,000, adding $2,948 every year, while hoping to spend $54,345 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: 56/14/30 Blend
62$867,000$867,000$867,000$867,000
63$958,475$912,524$899,085$1,004,044
64$998,417$899,415$871,382$1,022,684
65$1,040,611$883,842$840,929$1,037,129
66$1,085,231$865,628$807,578$1,051,787
67$1,132,463$844,582$771,171$1,066,701
68$1,182,515$820,507$731,545$1,081,915
69$1,235,609$793,190$688,530$1,097,484
70$1,291,993$762,408$641,947$1,113,473
71$1,351,933$727,923$591,609$1,129,955
72$1,415,725$689,485$537,323$1,147,013
73$1,483,688$646,830$478,883$1,164,744
74$1,556,177$599,677$416,077$1,183,258
75$1,633,575$547,729$348,684$1,202,682
76$1,716,306$490,675$276,472$1,223,158
77$1,804,833$428,181$199,197$1,244,849
78$1,899,664$359,900$116,608$1,267,938
79$2,001,356$285,461$28,441$1,292,634
80$2,110,520$204,475$0$1,319,171
81$2,227,827$116,528$0$1,368,828
82$2,354,013$21,186$0$1,431,970
83$2,489,888$0$0$1,499,914
84$2,636,338$0$0$1,585,770
85$2,794,339$0$0$1,681,979
86$2,964,963$0$0$1,785,937
87$3,149,387$0$0$1,898,369
88$3,348,905$0$0$2,020,073
89$3,564,940$0$0$2,151,924
90$3,799,056$0$0$2,294,887
91$4,052,971$0$0$2,450,022
92$4,328,578$0$0$2,618,493
93$4,627,957$0$0$2,801,584
94$4,953,395$0$0$3,000,703
95$5,307,409$0$0$3,217,404
96$5,692,768$0$0$3,453,393
97$6,112,521$0$0$3,710,550
98$6,570,019$0$0$3,990,941
99$7,068,955$0$0$4,296,842
100$7,613,388$0$0$4,630,757