Can I retire at age 63 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$71,761$71,122$70,498$69,890$69,295$66,890
2 years$35,525$34,864$34,223$33,601$32,998$30,599
3 years$23,448$22,784$22,144$21,528$20,935$18,619
4 years$17,411$16,749$16,115$15,510$14,931$12,715
5 years$13,790$13,131$12,506$11,913$11,350$9,240
6 years$11,376$10,722$10,107$9,527$8,981$6,978
7 years$9,653$9,005$8,399$7,833$7,304$5,408
8 years$8,361$7,719$7,123$6,571$6,059$4,269
9 years$7,357$6,721$6,135$5,597$5,103$3,416
10 years$6,554$5,924$5,349$4,824$4,348$2,761
11 years$5,897$5,274$4,709$4,199$3,739$2,250
12 years$5,350$4,733$4,179$3,683$3,240$1,845
13 years$4,888$4,278$3,734$3,251$2,826$1,520
14 years$4,492$3,888$3,355$2,886$2,477$1,257
15 years$4,150$3,552$3,029$2,574$2,181$1,044
16 years$3,850$3,259$2,746$2,305$1,928$869
17 years$3,586$3,001$2,499$2,071$1,709$724
18 years$3,351$2,773$2,281$1,866$1,520$605
19 years$3,142$2,570$2,088$1,686$1,355$507
20 years$2,953$2,388$1,916$1,527$1,210$424
21 years$2,783$2,225$1,763$1,386$1,083$356
22 years$2,629$2,077$1,625$1,260$970$299
23 years$2,488$1,942$1,500$1,148$871$251
24 years$2,359$1,820$1,387$1,047$783$211
25 years$2,240$1,708$1,285$956$705$177
26 years$2,131$1,605$1,192$874$635$149
27 years$2,030$1,511$1,107$800$572$126
28 years$1,937$1,423$1,029$733$516$106
29 years$1,850$1,343$957$672$466$89
30 years$1,769$1,268$892$617$421$75
31 years$1,693$1,199$831$567$381$63
32 years$1,623$1,134$776$521$345$53
33 years$1,556$1,074$724$479$312$45
34 years$1,494$1,018$677$441$282$38
35 years$1,435$966$633$406$256$32
36 years$1,380$917$592$374$232$27
37 years$1,328$871$554$344$210$23
38 years$1,279$827$519$317$190$19
39 years$1,232$787$486$292$173$16
40 years$1,188$748$456$270$157$14
41 years$1,146$712$427$249$142$11
42 years$1,106$679$401$230$129$10
43 years$1,069$646$376$212$117$8
44 years$1,032$616$353$196$106$7
45 years$998$588$331$181$96$6
46 years$965$561$311$167$88$5
47 years$934$535$292$154$79$4
48 years$904$511$275$143$72$3
49 years$876$488$258$132$66$3
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $869,000, adding $6,177 every year, while hoping to spend $44,328 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: 60/16/24 Blend
62$869,000$869,000$869,000$869,000
63$964,010$917,953$904,483$1,015,329
64$1,015,174$915,768$887,619$1,048,736
65$1,070,071$911,990$868,703$1,079,823
66$1,129,036$906,495$847,622$1,112,777
67$1,192,434$899,149$824,254$1,147,788
68$1,260,668$889,813$798,472$1,185,069
69$1,334,180$878,338$770,145$1,224,852
70$1,413,455$864,566$739,134$1,267,399
71$1,499,027$848,329$705,295$1,312,999
72$1,591,482$829,451$668,476$1,361,971
73$1,691,462$807,743$628,519$1,414,670
74$1,799,677$783,008$585,260$1,471,492
75$1,916,904$755,035$538,526$1,532,871
76$2,043,998$723,602$488,136$1,599,293
77$2,181,900$688,473$433,903$1,671,292
78$2,331,645$649,399$375,630$1,749,462
79$2,494,370$606,117$313,111$1,834,461
80$2,671,327$558,348$246,132$1,927,016
81$2,863,894$505,799$174,468$2,027,934
82$3,073,585$448,157$97,887$2,138,107
83$3,302,069$385,094$16,144$2,258,520
84$3,551,180$316,264$0$2,390,267
85$3,822,937$241,298$0$2,552,760
86$4,119,564$159,809$0$2,734,725
87$4,443,508$71,388$0$2,933,574
88$4,797,462$0$0$3,151,013
89$5,184,392$0$0$3,393,223
90$5,607,563$0$0$3,671,931
91$6,070,569$0$0$3,976,943
92$6,577,370$0$0$4,310,877
93$7,132,325$0$0$4,676,613
94$7,740,232$0$0$5,077,324
95$8,406,379$0$0$5,516,504
96$9,136,587$0$0$5,998,002
97$9,937,268$0$0$6,526,054
98$10,815,485$0$0$7,105,330
99$11,779,015$0$0$7,740,971
100$12,836,426$0$0$8,438,641