Can I retire at age 63 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$72,009$71,368$70,742$70,131$69,535$66,828
2 years$35,648$34,984$34,341$33,717$33,112$30,418
3 years$23,529$22,862$22,221$21,603$21,007$18,411
4 years$17,471$16,806$16,171$15,564$14,983$12,503
5 years$13,837$13,176$12,549$11,954$11,390$9,034
6 years$11,415$10,760$10,142$9,560$9,012$6,781
7 years$9,686$9,036$8,428$7,860$7,329$5,222
8 years$8,390$7,745$7,147$6,593$6,080$4,095
9 years$7,382$6,744$6,156$5,616$5,121$3,255
10 years$6,576$5,944$5,367$4,841$4,363$2,613
11 years$5,918$5,292$4,725$4,213$3,752$2,114
12 years$5,369$4,750$4,193$3,696$3,252$1,720
13 years$4,905$4,292$3,746$3,263$2,836$1,407
14 years$4,508$3,902$3,366$2,896$2,486$1,155
15 years$4,164$3,564$3,039$2,583$2,189$951
16 years$3,863$3,270$2,756$2,313$1,934$785
17 years$3,598$3,012$2,507$2,078$1,715$650
18 years$3,363$2,783$2,289$1,873$1,525$538
19 years$3,153$2,579$2,095$1,692$1,359$447
20 years$2,964$2,397$1,923$1,533$1,214$371
21 years$2,793$2,232$1,769$1,391$1,086$309
22 years$2,638$2,084$1,630$1,265$974$257
23 years$2,496$1,949$1,505$1,152$874$214
24 years$2,367$1,826$1,392$1,050$786$178
25 years$2,248$1,714$1,289$959$707$149
26 years$2,139$1,611$1,196$877$637$124
27 years$2,037$1,516$1,110$803$574$103
28 years$1,943$1,428$1,032$736$518$86
29 years$1,856$1,347$961$675$468$72
30 years$1,775$1,272$895$619$423$60
31 years$1,699$1,203$834$569$382$50
32 years$1,628$1,138$778$523$346$42
33 years$1,562$1,078$727$481$313$35
34 years$1,499$1,022$679$442$283$29
35 years$1,440$969$635$407$257$24
36 years$1,385$920$594$375$232$20
37 years$1,333$874$556$345$211$17
38 years$1,283$830$521$318$191$14
39 years$1,236$789$488$294$173$12
40 years$1,192$751$457$271$157$10
41 years$1,150$715$429$250$143$8
42 years$1,110$681$402$231$129$7
43 years$1,072$649$377$213$117$6
44 years$1,036$618$354$196$107$5
45 years$1,002$590$333$181$97$4
46 years$969$563$312$168$88$3
47 years$937$537$293$155$80$3
48 years$907$512$276$143$72$2
49 years$879$489$259$132$66$2
50 years$851$467$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $872,000, adding $6,720 every year, while hoping to spend $22,971 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: 58/21/21 Blend
62$872,000$872,000$872,000$872,000
63$967,876$921,660$908,144$1,018,229
64$1,042,158$942,380$914,126$1,073,969
65$1,123,247$963,346$919,538$1,131,650
66$1,211,814$984,545$924,337$1,194,031
67$1,308,594$1,005,963$928,479$1,261,569
68$1,414,402$1,027,586$931,913$1,334,770
69$1,530,130$1,049,397$934,592$1,414,192
70$1,656,764$1,071,378$936,461$1,500,447
71$1,795,387$1,093,509$937,465$1,594,214
72$1,947,192$1,115,767$937,547$1,696,236
73$2,113,496$1,138,129$936,644$1,807,336
74$2,295,744$1,160,569$934,694$1,928,420
75$2,495,532$1,183,059$931,628$2,060,486
76$2,714,615$1,205,568$927,377$2,204,634
77$2,954,928$1,228,063$921,866$2,362,077
78$3,218,601$1,250,508$915,018$2,534,152
79$3,507,980$1,272,865$906,753$2,722,333
80$3,825,649$1,295,091$896,985$2,928,245
81$4,174,456$1,317,141$885,625$3,153,677
82$4,557,537$1,338,967$872,580$3,400,604
83$4,978,347$1,360,518$857,752$3,671,201
84$5,440,692$1,381,737$841,040$3,967,866
85$5,948,764$1,402,563$822,337$4,293,244
86$6,507,183$1,422,934$801,530$4,650,248
87$7,121,037$1,442,779$778,503$5,042,089
88$7,795,934$1,462,026$753,133$5,472,310
89$8,538,049$1,480,596$725,293$5,944,813
90$9,354,188$1,498,403$694,849$6,463,900
91$10,251,850$1,515,359$661,660$7,034,313
92$11,239,293$1,531,367$625,581$7,661,279
93$12,325,622$1,546,324$586,459$8,350,561
94$13,520,863$1,560,122$544,133$9,108,510
95$14,836,067$1,572,644$498,437$9,942,126
96$16,283,408$1,583,766$449,197$10,859,126
97$17,876,301$1,593,355$396,231$11,868,015
98$19,629,527$1,601,273$339,347$12,978,169
99$21,559,372$1,607,368$278,348$14,199,921
100$23,683,781$1,611,482$213,026$15,544,662