Can I retire at age 63 with 869,000?

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 $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%13.7%
1 years$71,761$71,122$70,498$69,890$69,295$68,232
2 years$35,525$34,864$34,223$33,601$32,998$31,929
3 years$23,448$22,784$22,144$21,528$20,935$19,894
4 years$17,411$16,749$16,115$15,510$14,931$13,926
5 years$13,790$13,131$12,506$11,913$11,350$10,384
6 years$11,376$10,722$10,107$9,527$8,981$8,055
7 years$9,653$9,005$8,399$7,833$7,304$6,418
8 years$8,361$7,719$7,123$6,571$6,059$5,213
9 years$7,357$6,721$6,135$5,597$5,103$4,296
10 years$6,554$5,924$5,349$4,824$4,348$3,580
11 years$5,897$5,274$4,709$4,199$3,739$3,010
12 years$5,350$4,733$4,179$3,683$3,240$2,548
13 years$4,888$4,278$3,734$3,251$2,826$2,170
14 years$4,492$3,888$3,355$2,886$2,477$1,857
15 years$4,150$3,552$3,029$2,574$2,181$1,595
16 years$3,850$3,259$2,746$2,305$1,928$1,374
17 years$3,586$3,001$2,499$2,071$1,709$1,188
18 years$3,351$2,773$2,281$1,866$1,520$1,029
19 years$3,142$2,570$2,088$1,686$1,355$893
20 years$2,953$2,388$1,916$1,527$1,210$777
21 years$2,783$2,225$1,763$1,386$1,083$676
22 years$2,629$2,077$1,625$1,260$970$590
23 years$2,488$1,942$1,500$1,148$871$515
24 years$2,359$1,820$1,387$1,047$783$450
25 years$2,240$1,708$1,285$956$705$393
26 years$2,131$1,605$1,192$874$635$344
27 years$2,030$1,511$1,107$800$572$301
28 years$1,937$1,423$1,029$733$516$264
29 years$1,850$1,343$957$672$466$231
30 years$1,769$1,268$892$617$421$203
31 years$1,693$1,199$831$567$381$178
32 years$1,623$1,134$776$521$345$156
33 years$1,556$1,074$724$479$312$137
34 years$1,494$1,018$677$441$282$120
35 years$1,435$966$633$406$256$106
36 years$1,380$917$592$374$232$93
37 years$1,328$871$554$344$210$82
38 years$1,279$827$519$317$190$72
39 years$1,232$787$486$292$173$63
40 years$1,188$748$456$270$157$55
41 years$1,146$712$427$249$142$49
42 years$1,106$679$401$230$129$43
43 years$1,069$646$376$212$117$38
44 years$1,032$616$353$196$106$33
45 years$998$588$331$181$96$29
46 years$965$561$311$167$88$26
47 years$934$535$292$154$79$22
48 years$904$511$275$143$72$20
49 years$876$488$258$132$66$17
50 years$848$466$243$122$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $869,000, adding $3,228 every year, while hoping to spend $21,950 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: 26/48/26 Blend
62$869,000$869,000$869,000$869,000
63$960,968$914,911$901,441$978,043
64$1,035,632$936,387$908,285$1,013,656
65$1,117,176$958,179$914,622$1,049,739
66$1,206,279$980,281$920,413$1,087,998
67$1,303,687$1,002,683$925,615$1,128,631
68$1,410,224$1,025,375$930,183$1,171,857
69$1,526,795$1,048,346$934,073$1,217,917
70$1,654,397$1,071,584$937,233$1,267,078
71$1,794,128$1,095,074$939,613$1,319,633
72$1,947,197$1,118,802$941,158$1,375,907
73$2,114,937$1,142,749$941,813$1,436,257
74$2,298,814$1,166,896$941,517$1,501,078
75$2,500,443$1,191,224$940,208$1,570,805
76$2,721,604$1,215,710$937,820$1,645,920
77$2,964,255$1,240,327$934,285$1,726,953
78$3,230,556$1,265,050$929,530$1,814,489
79$3,522,884$1,289,849$923,481$1,909,175
80$3,843,858$1,314,692$916,057$2,011,723
81$4,196,363$1,339,543$907,177$2,122,921
82$4,583,577$1,364,366$896,752$2,243,636
83$5,009,001$1,389,119$884,693$2,374,827
84$5,476,493$1,413,759$870,903$2,517,552
85$5,990,300$1,438,238$855,284$2,672,978
86$6,555,105$1,462,506$837,730$2,842,391
87$7,176,065$1,486,508$818,133$3,027,213
88$7,858,861$1,510,184$796,378$3,229,012
89$8,609,753$1,533,472$772,345$3,449,517
90$9,435,640$1,556,304$745,910$3,690,636
91$10,344,119$1,578,606$716,942$3,954,476
92$11,343,563$1,600,302$685,303$4,243,359
93$12,443,197$1,621,308$650,852$4,559,849
94$13,653,186$1,641,534$613,438$4,906,772
95$14,984,728$1,660,887$572,905$5,287,248
96$16,450,163$1,679,263$529,091$5,704,717
97$18,063,088$1,696,555$481,823$6,162,975
98$19,838,484$1,712,648$430,926$6,666,207
99$21,792,859$1,727,417$376,211$7,219,033
100$23,944,402$1,740,731$317,485$7,826,545