Can I retire at age 63 with 868,000?

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 $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%15.8%
1 years$71,679$71,040$70,417$69,809$69,216$67,570
2 years$35,484$34,824$34,183$33,562$32,960$31,311
3 years$23,421$22,758$22,119$21,504$20,911$19,311
4 years$17,391$16,729$16,097$15,492$14,914$13,375
5 years$13,774$13,116$12,492$11,899$11,337$9,864
6 years$11,363$10,710$10,095$9,516$8,971$7,565
7 years$9,642$8,994$8,389$7,824$7,296$5,957
8 years$8,351$7,710$7,115$6,563$6,052$4,780
9 years$7,348$6,713$6,128$5,590$5,097$3,890
10 years$6,546$5,917$5,342$4,819$4,343$3,200
11 years$5,890$5,268$4,703$4,194$3,735$2,655
12 years$5,344$4,728$4,174$3,679$3,237$2,218
13 years$4,883$4,273$3,729$3,248$2,823$1,862
14 years$4,487$3,884$3,351$2,883$2,474$1,571
15 years$4,145$3,548$3,025$2,571$2,178$1,330
16 years$3,846$3,255$2,743$2,302$1,925$1,129
17 years$3,582$2,998$2,496$2,068$1,707$961
18 years$3,348$2,770$2,278$1,864$1,518$820
19 years$3,138$2,567$2,086$1,684$1,353$701
20 years$2,950$2,386$1,914$1,525$1,208$600
21 years$2,780$2,222$1,761$1,384$1,081$514
22 years$2,626$2,074$1,623$1,259$969$441
23 years$2,485$1,940$1,498$1,146$870$379
24 years$2,356$1,818$1,386$1,046$782$325
25 years$2,238$1,706$1,283$955$704$280
26 years$2,129$1,603$1,190$873$634$241
27 years$2,028$1,509$1,105$799$572$207
28 years$1,935$1,422$1,028$732$516$179
29 years$1,848$1,341$956$671$466$154
30 years$1,767$1,267$891$616$421$133
31 years$1,691$1,197$830$566$380$114
32 years$1,621$1,133$775$520$344$99
33 years$1,554$1,073$723$478$311$85
34 years$1,492$1,017$676$440$282$73
35 years$1,434$965$632$405$255$63
36 years$1,379$915$591$373$231$55
37 years$1,327$870$553$344$210$47
38 years$1,277$826$518$317$190$41
39 years$1,231$786$485$292$172$35
40 years$1,187$748$455$269$156$30
41 years$1,145$712$427$249$142$26
42 years$1,105$678$400$229$129$23
43 years$1,067$646$376$212$117$19
44 years$1,031$616$353$196$106$17
45 years$997$587$331$181$96$15
46 years$964$560$311$167$87$13
47 years$933$534$292$154$79$11
48 years$903$510$274$142$72$9
49 years$875$487$258$132$65$8
50 years$847$465$243$122$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $868,000, adding $4,301 every year, while hoping to spend $43,174 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: 71/9/20 Blend
62$868,000$868,000$868,000$868,000
63$960,972$914,968$901,514$1,024,239
64$1,013,055$913,865$885,778$1,065,840
65$1,069,003$911,261$868,068$1,105,829
66$1,129,165$907,036$848,272$1,148,535
67$1,193,923$901,065$826,273$1,194,221
68$1,263,699$893,213$801,949$1,243,179
69$1,338,954$883,338$775,172$1,295,730
70$1,420,196$871,290$745,809$1,352,229
71$1,507,981$856,908$713,718$1,413,068
72$1,602,922$840,024$678,755$1,478,681
73$1,705,693$820,458$640,766$1,549,547
74$1,817,033$798,020$599,591$1,626,192
75$1,937,757$772,509$555,064$1,709,202
76$2,068,760$743,714$507,010$1,799,219
77$2,211,025$711,408$455,247$1,896,957
78$2,365,636$675,353$399,584$2,003,199
79$2,533,784$635,298$339,823$2,118,813
80$2,716,778$590,976$275,755$2,244,757
81$2,916,061$542,105$207,165$2,382,087
82$3,133,220$488,388$133,825$2,531,970
83$3,369,999$429,511$55,499$2,695,694
84$3,628,322$365,139$0$2,874,680
85$3,910,303$294,923$0$3,076,491
86$4,218,271$218,491$0$3,309,893
87$4,554,788$135,451$0$3,564,999
88$4,922,677$45,389$0$3,843,976
89$5,325,045$0$0$4,149,215
90$5,765,313$0$0$4,488,510
91$6,247,247$0$0$4,864,880
92$6,774,995$0$0$5,277,073
93$7,353,125$0$0$5,728,663
94$7,986,668$0$0$6,223,586
95$8,681,162$0$0$6,766,174
96$9,442,711$0$0$7,361,201
97$10,278,034$0$0$8,013,925
98$11,194,533$0$0$8,730,136
99$12,200,361$0$0$9,516,212
100$13,304,499$0$0$10,379,180