Can I retire at age 63 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,844$71,204$70,579$69,970$69,375$68,423
2 years$35,566$34,904$34,262$33,639$33,036$32,078
3 years$23,475$22,810$22,170$21,553$20,959$20,026
4 years$17,431$16,768$16,134$15,528$14,948$14,047
5 years$13,805$13,146$12,521$11,927$11,363$10,496
6 years$11,389$10,735$10,118$9,538$8,992$8,159
7 years$9,664$9,015$8,408$7,842$7,313$6,516
8 years$8,371$7,728$7,131$6,578$6,066$5,305
9 years$7,365$6,728$6,142$5,603$5,109$4,382
10 years$6,561$5,931$5,355$4,830$4,353$3,661
11 years$5,904$5,280$4,714$4,204$3,744$3,085
12 years$5,357$4,739$4,184$3,687$3,244$2,619
13 years$4,894$4,282$3,738$3,255$2,829$2,236
14 years$4,498$3,893$3,359$2,890$2,480$1,918
15 years$4,154$3,556$3,032$2,577$2,183$1,652
16 years$3,854$3,263$2,749$2,307$1,930$1,428
17 years$3,590$3,005$2,502$2,073$1,711$1,237
18 years$3,355$2,776$2,284$1,868$1,521$1,075
19 years$3,145$2,573$2,091$1,688$1,356$936
20 years$2,957$2,391$1,919$1,529$1,211$816
21 years$2,786$2,227$1,765$1,388$1,084$713
22 years$2,632$2,079$1,627$1,262$972$623
23 years$2,491$1,945$1,502$1,149$872$546
24 years$2,362$1,822$1,389$1,048$784$478
25 years$2,243$1,710$1,286$957$705$420
26 years$2,134$1,607$1,193$875$635$368
27 years$2,033$1,512$1,108$801$573$324
28 years$1,939$1,425$1,030$734$517$284
29 years$1,852$1,344$958$673$467$250
30 years$1,771$1,270$893$618$422$220
31 years$1,695$1,200$832$567$381$194
32 years$1,624$1,136$777$521$345$171
33 years$1,558$1,075$725$479$312$150
34 years$1,496$1,019$677$441$283$132
35 years$1,437$967$633$406$256$117
36 years$1,382$918$593$374$232$103
37 years$1,330$872$555$345$210$91
38 years$1,280$828$519$318$191$80
39 years$1,234$788$487$293$173$70
40 years$1,189$749$456$270$157$62
41 years$1,147$713$428$249$142$55
42 years$1,108$679$401$230$129$48
43 years$1,070$647$376$212$117$43
44 years$1,034$617$353$196$106$38
45 years$999$588$332$181$97$33
46 years$967$561$312$167$88$29
47 years$935$536$293$154$80$26
48 years$905$511$275$143$72$23
49 years$877$488$259$132$66$20
50 years$849$466$243$122$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $870,000, adding $5,800 every year, while hoping to spend $59,532 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: 53/19/28 Blend
62$870,000$870,000$870,000$870,000
63$964,723$918,613$905,128$1,008,035
64$999,783$900,283$872,108$1,020,347
65$1,036,424$879,060$835,987$1,027,210
66$1,074,744$854,739$796,597$1,033,495
67$1,114,850$827,103$753,765$1,039,171
68$1,156,857$795,924$707,309$1,044,207
69$1,200,890$760,958$657,037$1,048,573
70$1,247,084$721,948$602,751$1,052,238
71$1,295,587$678,624$544,244$1,055,176
72$1,346,558$630,697$481,297$1,057,359
73$1,400,171$577,866$413,685$1,058,762
74$1,456,615$519,807$341,169$1,059,365
75$1,516,095$456,184$263,504$1,059,147
76$1,578,836$386,636$180,431$1,058,094
77$1,645,082$310,785$91,679$1,056,196
78$1,715,098$228,232$0$1,053,446
79$1,789,176$138,553$0$1,050,752
80$1,867,633$41,303$0$1,076,504
81$1,950,815$0$0$1,103,392
82$2,039,102$0$0$1,144,914
83$2,132,906$0$0$1,198,252
84$2,232,682$0$0$1,255,031
85$2,338,925$0$0$1,315,540
86$2,452,178$0$0$1,380,094
87$2,573,035$0$0$1,449,040
88$2,702,148$0$0$1,522,756
89$2,840,230$0$0$1,601,657
90$2,988,063$0$0$1,686,199
91$3,146,508$0$0$1,776,881
92$3,316,503$0$0$1,874,252
93$3,499,084$0$0$1,978,912
94$3,695,383$0$0$2,091,522
95$3,906,645$0$0$2,212,808
96$4,134,238$0$0$2,343,565
97$4,379,662$0$0$2,484,668
98$4,644,567$0$0$2,637,079
99$4,930,765$0$0$2,801,854
100$5,240,247$0$0$2,980,153