Can I retire at age 63 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,926$71,286$70,661$70,051$69,455$68,729
2 years$35,607$34,944$34,301$33,678$33,074$32,343
3 years$23,502$22,836$22,195$21,578$20,983$20,270
4 years$17,451$16,787$16,152$15,546$14,965$14,276
5 years$13,821$13,161$12,535$11,941$11,377$10,712
6 years$11,402$10,747$10,130$9,549$9,002$8,363
7 years$9,675$9,025$8,418$7,851$7,321$6,708
8 years$8,380$7,736$7,139$6,586$6,073$5,487
9 years$7,374$6,736$6,149$5,610$5,115$4,554
10 years$6,569$5,937$5,361$4,836$4,358$3,823
11 years$5,911$5,286$4,720$4,208$3,748$3,238
12 years$5,363$4,744$4,189$3,691$3,248$2,763
13 years$4,900$4,287$3,742$3,259$2,832$2,371
14 years$4,503$3,897$3,362$2,893$2,483$2,045
15 years$4,159$3,560$3,036$2,580$2,186$1,771
16 years$3,859$3,266$2,752$2,310$1,932$1,539
17 years$3,594$3,008$2,505$2,076$1,713$1,341
18 years$3,359$2,780$2,286$1,870$1,523$1,172
19 years$3,149$2,576$2,093$1,690$1,358$1,026
20 years$2,960$2,394$1,921$1,531$1,213$900
21 years$2,790$2,230$1,767$1,389$1,085$791
22 years$2,635$2,081$1,628$1,263$973$696
23 years$2,494$1,947$1,504$1,150$873$613
24 years$2,364$1,824$1,391$1,049$785$541
25 years$2,246$1,712$1,288$958$706$477
26 years$2,136$1,609$1,194$876$636$422
27 years$2,035$1,514$1,109$802$574$373
28 years$1,941$1,427$1,031$735$518$330
29 years$1,854$1,346$960$674$467$292
30 years$1,773$1,271$894$618$422$258
31 years$1,697$1,202$833$568$382$229
32 years$1,626$1,137$777$522$345$203
33 years$1,560$1,077$726$480$313$180
34 years$1,497$1,020$678$442$283$160
35 years$1,439$968$634$407$256$142
36 years$1,383$919$593$374$232$126
37 years$1,331$873$555$345$210$111
38 years$1,282$829$520$318$191$99
39 years$1,235$788$487$293$173$88
40 years$1,191$750$457$270$157$78
41 years$1,149$714$428$249$142$69
42 years$1,109$680$402$230$129$61
43 years$1,071$648$377$213$117$55
44 years$1,035$618$354$196$106$49
45 years$1,000$589$332$181$97$43
46 years$968$562$312$167$88$38
47 years$936$536$293$155$80$34
48 years$906$512$275$143$72$30
49 years$878$489$259$132$66$27
50 years$850$467$243$122$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $871,000, adding $2,661 every year, while hoping to spend $41,541 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: 56/26/18 Blend
62$871,000$871,000$871,000$871,000
63$962,587$916,424$902,923$1,011,740
64$1,016,571$917,129$888,972$1,046,214
65$1,074,670$916,477$873,161$1,079,054
66$1,137,259$914,357$855,384$1,113,903
67$1,204,750$910,651$835,530$1,150,961
68$1,277,597$905,236$813,484$1,190,455
69$1,356,299$897,979$789,122$1,232,631
70$1,441,402$888,741$762,318$1,277,768
71$1,533,509$877,373$732,940$1,326,170
72$1,633,281$863,718$700,847$1,378,179
73$1,741,446$847,610$665,895$1,434,169
74$1,858,802$828,872$627,932$1,494,559
75$1,986,231$807,318$586,798$1,559,811
76$2,124,698$782,748$542,328$1,630,437
77$2,275,270$754,955$494,348$1,707,005
78$2,439,116$723,717$442,678$1,790,143
79$2,617,525$688,798$387,127$1,880,548
80$2,811,915$649,951$327,498$1,978,990
81$3,023,845$606,914$263,584$2,086,323
82$3,255,034$559,410$195,171$2,203,490
83$3,507,371$507,144$122,032$2,331,536
84$3,782,936$449,808$43,934$2,471,616
85$4,084,021$387,073$0$2,625,011
86$4,413,145$318,594$0$2,800,702
87$4,773,085$244,005$0$3,002,182
88$5,166,899$162,920$0$3,222,784
89$5,597,950$74,930$0$3,464,473
90$6,069,945$0$0$3,729,419
91$6,586,966$0$0$4,025,851
92$7,153,506$0$0$4,374,243
93$7,774,515$0$0$4,756,210
94$8,455,445$0$0$5,175,115
95$9,202,299$0$0$5,634,662
96$10,021,691$0$0$6,138,931
97$10,920,905$0$0$6,692,415
98$11,907,965$0$0$7,300,066
99$12,991,708$0$0$7,967,335
100$14,181,870$0$0$8,700,230