Can I retire at age 63 with 872,000?

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 $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%12%
1 years$72,009$71,368$70,742$70,131$69,535$68,952
2 years$35,648$34,984$34,341$33,717$33,112$32,524
3 years$23,529$22,862$22,221$21,603$21,007$20,434
4 years$17,471$16,806$16,171$15,564$14,983$14,427
5 years$13,837$13,176$12,549$11,954$11,390$10,854
6 years$11,415$10,760$10,142$9,560$9,012$8,497
7 years$9,686$9,036$8,428$7,860$7,329$6,834
8 years$8,390$7,745$7,147$6,593$6,080$5,606
9 years$7,382$6,744$6,156$5,616$5,121$4,667
10 years$6,576$5,944$5,367$4,841$4,363$3,929
11 years$5,918$5,292$4,725$4,213$3,752$3,338
12 years$5,369$4,750$4,193$3,696$3,252$2,857
13 years$4,905$4,292$3,746$3,263$2,836$2,460
14 years$4,508$3,902$3,366$2,896$2,486$2,129
15 years$4,164$3,564$3,039$2,583$2,189$1,850
16 years$3,863$3,270$2,756$2,313$1,934$1,613
17 years$3,598$3,012$2,507$2,078$1,715$1,411
18 years$3,363$2,783$2,289$1,873$1,525$1,237
19 years$3,153$2,579$2,095$1,692$1,359$1,087
20 years$2,964$2,397$1,923$1,533$1,214$957
21 years$2,793$2,232$1,769$1,391$1,086$844
22 years$2,638$2,084$1,630$1,265$974$745
23 years$2,496$1,949$1,505$1,152$874$659
24 years$2,367$1,826$1,392$1,050$786$584
25 years$2,248$1,714$1,289$959$707$517
26 years$2,139$1,611$1,196$877$637$459
27 years$2,037$1,516$1,110$803$574$407
28 years$1,943$1,428$1,032$736$518$362
29 years$1,856$1,347$961$675$468$321
30 years$1,775$1,272$895$619$423$286
31 years$1,699$1,203$834$569$382$254
32 years$1,628$1,138$778$523$346$226
33 years$1,562$1,078$727$481$313$201
34 years$1,499$1,022$679$442$283$179
35 years$1,440$969$635$407$257$160
36 years$1,385$920$594$375$232$142
37 years$1,333$874$556$345$211$127
38 years$1,283$830$521$318$191$113
39 years$1,236$789$488$294$173$101
40 years$1,192$751$457$271$157$90
41 years$1,150$715$429$250$143$80
42 years$1,110$681$402$231$129$72
43 years$1,072$649$377$213$117$64
44 years$1,036$618$354$196$107$57
45 years$1,002$590$333$181$97$51
46 years$969$563$312$168$88$45
47 years$937$537$293$155$80$40
48 years$907$512$276$143$72$36
49 years$879$489$259$132$66$32
50 years$851$467$244$122$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $872,000, adding $2,851 every year, while hoping to spend $25,926 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: 47/30/23 Blend
62$872,000$872,000$872,000$872,000
63$963,885$917,669$904,153$1,002,740
64$1,034,616$935,050$906,857$1,047,634
65$1,111,693$952,413$908,783$1,093,538
66$1,195,735$969,731$909,876$1,142,840
67$1,287,425$986,973$910,083$1,195,870
68$1,387,514$1,004,106$909,342$1,252,993
69$1,496,829$1,021,095$907,593$1,314,611
70$1,616,278$1,037,902$904,770$1,381,169
71$1,746,865$1,054,486$900,806$1,453,155
72$1,889,692$1,070,802$895,630$1,531,111
73$2,045,974$1,086,805$889,167$1,615,634
74$2,217,048$1,102,443$881,339$1,707,381
75$2,404,386$1,117,662$872,063$1,807,079
76$2,609,611$1,132,405$861,255$1,915,530
77$2,834,508$1,146,610$848,824$2,033,617
78$3,081,045$1,160,210$834,676$2,162,316
79$3,351,386$1,173,135$818,712$2,302,704
80$3,647,919$1,185,310$800,830$2,455,969
81$3,973,271$1,196,654$780,922$2,623,420
82$4,330,336$1,207,082$758,875$2,806,503
83$4,722,304$1,216,502$734,570$3,006,812
84$5,152,686$1,224,818$707,886$3,226,108
85$5,625,351$1,231,925$678,691$3,466,331
86$6,144,561$1,237,714$646,852$3,729,622
87$6,715,012$1,242,068$612,227$4,018,341
88$7,341,875$1,244,861$574,668$4,335,095
89$8,030,849$1,245,962$534,023$4,682,756
90$8,788,212$1,245,231$490,129$5,064,493
91$9,620,880$1,242,517$442,818$5,483,802
92$10,536,472$1,237,663$391,915$5,944,538
93$11,543,384$1,230,501$337,236$6,450,952
94$12,650,866$1,220,851$278,590$7,007,733
95$13,869,106$1,208,525$215,775$7,620,054
96$15,209,335$1,193,323$148,584$8,293,616
97$16,683,923$1,175,032$76,797$9,034,709
98$18,306,501$1,153,426$187$9,850,267
99$20,092,088$1,128,267$0$10,747,938
100$22,057,232$1,099,303$0$11,756,173