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%18.2%
1 years$71,926$71,286$70,661$70,051$69,455$67,151
2 years$35,607$34,944$34,301$33,678$33,074$30,775
3 years$23,502$22,836$22,195$21,578$20,983$18,762
4 years$17,451$16,787$16,152$15,546$14,965$12,838
5 years$13,821$13,161$12,535$11,941$11,377$9,349
6 years$11,402$10,747$10,130$9,549$9,002$7,076
7 years$9,675$9,025$8,418$7,851$7,321$5,497
8 years$8,380$7,736$7,139$6,586$6,073$4,349
9 years$7,374$6,736$6,149$5,610$5,115$3,488
10 years$6,569$5,937$5,361$4,836$4,358$2,827
11 years$5,911$5,286$4,720$4,208$3,748$2,309
12 years$5,363$4,744$4,189$3,691$3,248$1,899
13 years$4,900$4,287$3,742$3,259$2,832$1,569
14 years$4,503$3,897$3,362$2,893$2,483$1,301
15 years$4,159$3,560$3,036$2,580$2,186$1,083
16 years$3,859$3,266$2,752$2,310$1,932$904
17 years$3,594$3,008$2,505$2,076$1,713$756
18 years$3,359$2,780$2,286$1,870$1,523$634
19 years$3,149$2,576$2,093$1,690$1,358$532
20 years$2,960$2,394$1,921$1,531$1,213$447
21 years$2,790$2,230$1,767$1,389$1,085$376
22 years$2,635$2,081$1,628$1,263$973$317
23 years$2,494$1,947$1,504$1,150$873$267
24 years$2,364$1,824$1,391$1,049$785$225
25 years$2,246$1,712$1,288$958$706$190
26 years$2,136$1,609$1,194$876$636$160
27 years$2,035$1,514$1,109$802$574$135
28 years$1,941$1,427$1,031$735$518$114
29 years$1,854$1,346$960$674$467$97
30 years$1,773$1,271$894$618$422$82
31 years$1,697$1,202$833$568$382$69
32 years$1,626$1,137$777$522$345$58
33 years$1,560$1,077$726$480$313$49
34 years$1,497$1,020$678$442$283$42
35 years$1,439$968$634$407$256$35
36 years$1,383$919$593$374$232$30
37 years$1,331$873$555$345$210$25
38 years$1,282$829$520$318$191$21
39 years$1,235$788$487$293$173$18
40 years$1,191$750$457$270$157$15
41 years$1,149$714$428$249$142$13
42 years$1,109$680$402$230$129$11
43 years$1,071$648$377$213$117$9
44 years$1,035$618$354$196$106$8
45 years$1,000$589$332$181$97$7
46 years$968$562$312$167$88$6
47 years$936$536$293$155$80$5
48 years$906$512$275$143$72$4
49 years$878$489$259$132$66$3
50 years$850$467$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $871,000, adding $5,877 every year, while hoping to spend $42,398 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: 46/36/18 Blend
62$871,000$871,000$871,000$871,000
63$965,904$919,741$906,241$1,005,127
64$1,019,315$919,697$891,489$1,033,054
65$1,076,753$918,230$874,821$1,058,616
66$1,138,584$915,226$856,130$1,085,451
67$1,205,210$910,562$835,300$1,113,695
68$1,277,072$904,110$812,214$1,143,502
69$1,354,655$895,733$786,745$1,175,043
70$1,438,492$885,287$758,763$1,208,509
71$1,529,170$872,617$728,133$1,244,113
72$1,627,330$857,560$694,710$1,282,094
73$1,733,682$839,945$658,347$1,322,717
74$1,849,004$819,588$618,888$1,366,280
75$1,974,150$796,296$576,168$1,413,113
76$2,110,062$769,864$530,019$1,463,584
77$2,257,776$740,075$480,263$1,518,103
78$2,418,430$706,699$426,712$1,577,126
79$2,593,278$669,495$369,174$1,641,160
80$2,783,696$628,204$307,446$1,710,771
81$2,991,204$582,557$241,316$1,786,585
82$3,217,470$532,265$170,563$1,869,300
83$3,464,331$477,026$94,957$1,959,688
84$3,733,811$416,518$14,256$2,058,611
85$4,028,136$350,403$0$2,167,022
86$4,349,756$278,323$0$2,299,781
87$4,701,370$199,900$0$2,448,081
88$5,085,949$114,734$0$2,610,535
89$5,506,763$22,404$0$2,788,641
90$5,967,415$0$0$2,984,058
91$6,471,871$0$0$3,229,332
92$7,024,498$0$0$3,507,851
93$7,630,108$0$0$3,813,177
94$8,293,996$0$0$4,147,992
95$9,021,997$0$0$4,515,254
96$9,820,539$0$0$4,918,218
97$10,696,698$0$0$5,360,471
98$11,658,270$0$0$5,845,961
99$12,713,844$0$0$6,379,042
100$13,872,880$0$0$6,964,505