Can I retire at age 63 with 868,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$71,679$71,040$70,417$69,809$69,216$68,751
2 years$35,484$34,824$34,183$33,562$32,960$32,491
3 years$23,421$22,758$22,119$21,504$20,911$20,453
4 years$17,391$16,729$16,097$15,492$14,914$14,470
5 years$13,774$13,116$12,492$11,899$11,337$10,908
6 years$11,363$10,710$10,095$9,516$8,971$8,558
7 years$9,642$8,994$8,389$7,824$7,296$6,899
8 years$8,351$7,710$7,115$6,563$6,052$5,672
9 years$7,348$6,713$6,128$5,590$5,097$4,732
10 years$6,546$5,917$5,342$4,819$4,343$3,994
11 years$5,890$5,268$4,703$4,194$3,735$3,402
12 years$5,344$4,728$4,174$3,679$3,237$2,919
13 years$4,883$4,273$3,729$3,248$2,823$2,520
14 years$4,487$3,884$3,351$2,883$2,474$2,186
15 years$4,145$3,548$3,025$2,571$2,178$1,904
16 years$3,846$3,255$2,743$2,302$1,925$1,665
17 years$3,582$2,998$2,496$2,068$1,707$1,460
18 years$3,348$2,770$2,278$1,864$1,518$1,284
19 years$3,138$2,567$2,086$1,684$1,353$1,132
20 years$2,950$2,386$1,914$1,525$1,208$999
21 years$2,780$2,222$1,761$1,384$1,081$884
22 years$2,626$2,074$1,623$1,259$969$783
23 years$2,485$1,940$1,498$1,146$870$695
24 years$2,356$1,818$1,386$1,046$782$617
25 years$2,238$1,706$1,283$955$704$548
26 years$2,129$1,603$1,190$873$634$488
27 years$2,028$1,509$1,105$799$572$434
28 years$1,935$1,422$1,028$732$516$387
29 years$1,848$1,341$956$671$466$345
30 years$1,767$1,267$891$616$421$308
31 years$1,691$1,197$830$566$380$275
32 years$1,621$1,133$775$520$344$245
33 years$1,554$1,073$723$478$311$219
34 years$1,492$1,017$676$440$282$196
35 years$1,434$965$632$405$255$175
36 years$1,379$915$591$373$231$156
37 years$1,327$870$553$344$210$140
38 years$1,277$826$518$317$190$125
39 years$1,231$786$485$292$172$112
40 years$1,187$748$455$269$156$100
41 years$1,145$712$427$249$142$90
42 years$1,105$678$400$229$129$80
43 years$1,067$646$376$212$117$72
44 years$1,031$616$353$196$106$64
45 years$997$587$331$181$96$58
46 years$964$560$311$167$87$52
47 years$933$534$292$154$79$46
48 years$903$510$274$142$72$41
49 years$875$487$258$132$65$37
50 years$847$465$243$122$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $868,000, adding $2,046 every year, while hoping to spend $40,962 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: 41/37/22 Blend
62$868,000$868,000$868,000$868,000
63$958,646$912,642$899,188$991,666
64$1,012,845$913,779$885,728$1,016,611
65$1,071,199$913,598$870,444$1,039,523
66$1,134,089$911,992$853,231$1,063,497
67$1,201,933$908,846$833,982$1,088,651
68$1,275,191$904,040$812,580$1,115,120
69$1,354,367$897,444$788,908$1,143,055
70$1,440,015$888,922$762,839$1,172,626
71$1,532,746$878,328$734,244$1,204,021
72$1,633,229$865,510$702,984$1,237,454
73$1,742,203$850,304$668,918$1,273,161
74$1,860,476$832,538$631,896$1,311,409
75$1,988,942$812,030$591,762$1,352,493
76$2,128,580$788,585$548,352$1,396,744
77$2,280,470$762,000$501,496$1,444,533
78$2,445,797$732,057$451,016$1,496,270
79$2,625,869$698,528$396,725$1,552,415
80$2,822,121$661,170$338,429$1,613,479
81$3,036,137$619,727$275,926$1,680,030
82$3,269,656$573,927$209,002$1,752,703
83$3,524,595$523,483$137,438$1,832,200
84$3,803,063$468,093$61,001$1,919,306
85$4,107,381$407,436$0$2,014,890
86$4,440,107$341,173$0$2,124,748
87$4,804,055$268,948$0$2,260,720
88$5,202,324$190,381$0$2,409,723
89$5,638,327$105,075$0$2,573,145
90$6,115,820$12,608$0$2,752,520
91$6,638,943$0$0$2,949,544
92$7,212,253$0$0$3,201,705
93$7,840,769$0$0$3,483,887
94$8,530,019$0$0$3,793,454
95$9,286,091$0$0$4,133,155
96$10,115,691$0$0$4,506,016
97$11,026,208$0$0$4,915,376
98$12,025,776$0$0$5,364,906
99$13,123,360$0$0$5,858,656
100$14,328,832$0$0$6,401,085