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%14.9%
1 years$71,761$71,122$70,498$69,890$69,295$67,896
2 years$35,525$34,864$34,223$33,601$32,998$31,594
3 years$23,448$22,784$22,144$21,528$20,935$19,571
4 years$17,411$16,749$16,115$15,510$14,931$13,617
5 years$13,790$13,131$12,506$11,913$11,350$10,090
6 years$11,376$10,722$10,107$9,527$8,981$7,776
7 years$9,653$9,005$8,399$7,833$7,304$6,154
8 years$8,361$7,719$7,123$6,571$6,059$4,964
9 years$7,357$6,721$6,135$5,597$5,103$4,062
10 years$6,554$5,924$5,349$4,824$4,348$3,360
11 years$5,897$5,274$4,709$4,199$3,739$2,804
12 years$5,350$4,733$4,179$3,683$3,240$2,356
13 years$4,888$4,278$3,734$3,251$2,826$1,990
14 years$4,492$3,888$3,355$2,886$2,477$1,689
15 years$4,150$3,552$3,029$2,574$2,181$1,439
16 years$3,850$3,259$2,746$2,305$1,928$1,229
17 years$3,586$3,001$2,499$2,071$1,709$1,053
18 years$3,351$2,773$2,281$1,866$1,520$905
19 years$3,142$2,570$2,088$1,686$1,355$778
20 years$2,953$2,388$1,916$1,527$1,210$671
21 years$2,783$2,225$1,763$1,386$1,083$579
22 years$2,629$2,077$1,625$1,260$970$500
23 years$2,488$1,942$1,500$1,148$871$432
24 years$2,359$1,820$1,387$1,047$783$374
25 years$2,240$1,708$1,285$956$705$324
26 years$2,131$1,605$1,192$874$635$281
27 years$2,030$1,511$1,107$800$572$244
28 years$1,937$1,423$1,029$733$516$211
29 years$1,850$1,343$957$672$466$183
30 years$1,769$1,268$892$617$421$159
31 years$1,693$1,199$831$567$381$138
32 years$1,623$1,134$776$521$345$120
33 years$1,556$1,074$724$479$312$104
34 years$1,494$1,018$677$441$282$91
35 years$1,435$966$633$406$256$79
36 years$1,380$917$592$374$232$69
37 years$1,328$871$554$344$210$60
38 years$1,279$827$519$317$190$52
39 years$1,232$787$486$292$173$45
40 years$1,188$748$456$270$157$39
41 years$1,146$712$427$249$142$34
42 years$1,106$679$401$230$129$30
43 years$1,069$646$376$212$117$26
44 years$1,032$616$353$196$106$22
45 years$998$588$331$181$96$20
46 years$965$561$311$167$88$17
47 years$934$535$292$154$79$15
48 years$904$511$275$143$72$13
49 years$876$488$258$132$66$11
50 years$848$466$243$122$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $869,000, adding $3,544 every year, while hoping to spend $56,477 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: 74/18/8 Blend
62$869,000$869,000$869,000$869,000
63$961,294$915,237$901,767$1,030,971
64$999,254$899,992$871,885$1,062,123
65$1,039,194$882,108$839,109$1,088,771
66$1,081,256$861,395$803,283$1,116,368
67$1,125,594$837,653$764,243$1,144,989
68$1,172,376$810,670$721,817$1,174,717
69$1,221,788$780,222$675,827$1,205,646
70$1,274,029$746,071$626,086$1,237,879
71$1,329,319$707,968$572,399$1,271,531
72$1,387,896$665,645$514,561$1,306,731
73$1,450,023$618,823$452,360$1,343,621
74$1,515,984$567,204$385,573$1,382,360
75$1,586,092$510,475$313,967$1,423,125
76$1,660,689$448,303$237,300$1,466,110
77$1,740,148$380,339$155,319$1,511,535
78$1,824,879$306,211$67,758$1,559,642
79$1,915,330$225,530$0$1,610,699
80$2,011,994$137,880$0$1,667,200
81$2,115,408$42,827$0$1,733,597
82$2,226,163$0$0$1,804,497
83$2,344,908$0$0$1,892,237
84$2,472,352$0$0$1,995,536
85$2,609,276$0$0$2,106,545
86$2,756,535$0$0$2,225,962
87$2,915,070$0$0$2,354,554
88$3,085,913$0$0$2,493,160
89$3,270,197$0$0$2,642,704
90$3,469,168$0$0$2,804,203
91$3,684,194$0$0$2,978,770
92$3,916,780$0$0$3,167,632
93$4,168,579$0$0$3,372,137
94$4,441,409$0$0$3,593,765
95$4,737,267$0$0$3,834,147
96$5,058,353$0$0$4,095,072
97$5,407,082$0$0$4,378,511
98$5,786,114$0$0$4,686,633
99$6,198,375$0$0$5,021,820
100$6,647,081$0$0$5,386,697