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%16.1%
1 years$72,009$71,368$70,742$70,131$69,535$67,799
2 years$35,648$34,984$34,341$33,717$33,112$31,374
3 years$23,529$22,862$22,221$21,603$21,007$19,322
4 years$17,471$16,806$16,171$15,564$14,983$13,362
5 years$13,837$13,176$12,549$11,954$11,390$9,839
6 years$11,415$10,760$10,142$9,560$9,012$7,533
7 years$9,686$9,036$8,428$7,860$7,329$5,922
8 years$8,390$7,745$7,147$6,593$6,080$4,744
9 years$7,382$6,744$6,156$5,616$5,121$3,854
10 years$6,576$5,944$5,367$4,841$4,363$3,164
11 years$5,918$5,292$4,725$4,213$3,752$2,620
12 years$5,369$4,750$4,193$3,696$3,252$2,184
13 years$4,905$4,292$3,746$3,263$2,836$1,830
14 years$4,508$3,902$3,366$2,896$2,486$1,541
15 years$4,164$3,564$3,039$2,583$2,189$1,302
16 years$3,863$3,270$2,756$2,313$1,934$1,103
17 years$3,598$3,012$2,507$2,078$1,715$937
18 years$3,363$2,783$2,289$1,873$1,525$797
19 years$3,153$2,579$2,095$1,692$1,359$680
20 years$2,964$2,397$1,923$1,533$1,214$581
21 years$2,793$2,232$1,769$1,391$1,086$496
22 years$2,638$2,084$1,630$1,265$974$425
23 years$2,496$1,949$1,505$1,152$874$364
24 years$2,367$1,826$1,392$1,050$786$312
25 years$2,248$1,714$1,289$959$707$268
26 years$2,139$1,611$1,196$877$637$230
27 years$2,037$1,516$1,110$803$574$197
28 years$1,943$1,428$1,032$736$518$170
29 years$1,856$1,347$961$675$468$146
30 years$1,775$1,272$895$619$423$125
31 years$1,699$1,203$834$569$382$108
32 years$1,628$1,138$778$523$346$93
33 years$1,562$1,078$727$481$313$80
34 years$1,499$1,022$679$442$283$69
35 years$1,440$969$635$407$257$59
36 years$1,385$920$594$375$232$51
37 years$1,333$874$556$345$211$44
38 years$1,283$830$521$318$191$38
39 years$1,236$789$488$294$173$32
40 years$1,192$751$457$271$157$28
41 years$1,150$715$429$250$143$24
42 years$1,110$681$402$231$129$21
43 years$1,072$649$377$213$117$18
44 years$1,036$618$354$196$107$15
45 years$1,002$590$333$181$97$13
46 years$969$563$312$168$88$11
47 years$937$537$293$155$80$10
48 years$907$512$276$143$72$8
49 years$879$489$259$132$66$7
50 years$851$467$244$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $872,000, adding $2,719 every year, while hoping to spend $29,096 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: 37/46/17 Blend
62$872,000$872,000$872,000$872,000
63$963,749$917,533$904,017$994,351
64$1,031,093$931,534$903,343$1,030,676
65$1,104,331$945,246$901,672$1,066,925
66$1,184,034$958,624$898,939$1,105,465
67$1,270,829$971,620$895,077$1,146,516
68$1,365,407$984,183$890,015$1,190,322
69$1,468,528$996,257$883,680$1,237,154
70$1,581,028$1,007,784$875,994$1,287,312
71$1,703,829$1,018,701$866,875$1,341,126
72$1,837,943$1,028,941$856,240$1,398,963
73$1,984,488$1,038,434$843,998$1,461,227
74$2,144,691$1,047,103$830,058$1,528,367
75$2,319,905$1,054,866$814,320$1,600,878
76$2,511,619$1,061,638$796,684$1,679,307
77$2,721,473$1,067,328$777,042$1,764,261
78$2,951,273$1,071,836$755,282$1,856,408
79$3,203,007$1,075,060$731,288$1,956,490
80$3,478,865$1,076,890$704,938$2,065,324
81$3,781,259$1,077,207$676,103$2,183,814
82$4,112,845$1,075,887$644,650$2,312,961
83$4,476,549$1,072,799$610,438$2,453,869
84$4,875,592$1,067,802$573,323$2,607,759
85$5,313,524$1,060,746$533,152$2,775,978
86$5,794,255$1,051,474$489,764$2,960,018
87$6,322,092$1,039,818$442,993$3,161,523
88$6,901,777$1,025,602$392,666$3,382,313
89$7,538,538$1,008,636$338,599$3,624,395
90$8,238,130$988,721$280,604$3,889,988
91$9,006,898$965,646$218,482$4,181,540
92$9,851,826$939,187$152,026$4,501,756
93$10,780,613$909,108$81,020$4,853,624
94$11,801,739$875,158$5,238$5,240,439
95$12,924,548$837,072$0$5,665,843
96$14,159,332$794,569$0$6,147,574
97$15,517,434$747,353$0$6,678,254
98$17,011,349$695,110$0$7,261,875
99$18,654,843$637,507$0$7,903,891
100$20,463,086$574,194$0$8,610,316