Can I retire at age 63 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$72,092$71,449$70,823$70,211$69,614$67,959
2 years$35,689$35,024$34,380$33,755$33,150$31,492
3 years$23,556$22,889$22,246$21,627$21,031$19,423
4 years$17,491$16,826$16,190$15,581$15,000$13,452
5 years$13,853$13,191$12,564$11,968$11,403$9,921
6 years$11,428$10,772$10,153$9,571$9,023$7,608
7 years$9,697$9,046$8,437$7,869$7,338$5,991
8 years$8,399$7,754$7,156$6,601$6,087$4,808
9 years$7,390$6,751$6,163$5,623$5,126$3,913
10 years$6,584$5,951$5,373$4,847$4,368$3,219
11 years$5,924$5,298$4,730$4,218$3,757$2,670
12 years$5,375$4,755$4,198$3,700$3,255$2,230
13 years$4,911$4,297$3,751$3,266$2,839$1,873
14 years$4,513$3,906$3,370$2,900$2,488$1,580
15 years$4,169$3,568$3,043$2,586$2,191$1,337
16 years$3,868$3,274$2,759$2,315$1,936$1,136
17 years$3,602$3,015$2,510$2,080$1,717$967
18 years$3,367$2,786$2,292$1,875$1,527$825
19 years$3,156$2,582$2,098$1,694$1,361$705
20 years$2,967$2,399$1,925$1,534$1,215$603
21 years$2,796$2,235$1,771$1,392$1,088$517
22 years$2,641$2,086$1,632$1,266$975$443
23 years$2,499$1,951$1,507$1,153$875$381
24 years$2,370$1,828$1,394$1,052$787$327
25 years$2,251$1,716$1,291$960$708$281
26 years$2,141$1,612$1,197$878$638$242
27 years$2,040$1,517$1,112$804$575$209
28 years$1,946$1,430$1,033$736$519$180
29 years$1,858$1,349$962$675$468$155
30 years$1,777$1,274$896$620$423$133
31 years$1,701$1,204$835$569$383$115
32 years$1,630$1,140$779$523$346$99
33 years$1,563$1,079$728$481$313$85
34 years$1,501$1,023$680$443$284$74
35 years$1,442$970$636$407$257$64
36 years$1,387$921$595$375$233$55
37 years$1,334$875$556$346$211$47
38 years$1,285$831$521$319$191$41
39 years$1,238$790$488$294$173$35
40 years$1,194$752$458$271$157$30
41 years$1,151$716$429$250$143$26
42 years$1,111$682$403$231$129$23
43 years$1,073$649$378$213$118$20
44 years$1,037$619$355$197$107$17
45 years$1,003$590$333$182$97$15
46 years$970$563$313$168$88$13
47 years$938$537$294$155$80$11
48 years$908$513$276$143$73$9
49 years$880$490$259$132$66$8
50 years$852$468$244$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $873,000, adding $4,320 every year, while hoping to spend $23,028 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: 51/34/15 Blend
62$873,000$873,000$873,000$873,000
63$966,502$920,233$906,702$1,011,637
64$1,040,584$940,823$912,574$1,063,660
65$1,121,450$961,650$917,872$1,117,415
66$1,209,768$982,701$922,551$1,175,344
67$1,306,274$1,003,963$926,566$1,237,848
68$1,411,776$1,025,419$929,868$1,305,370
69$1,527,166$1,047,053$932,408$1,378,395
70$1,653,424$1,068,846$934,130$1,457,461
71$1,791,630$1,090,777$934,981$1,543,158
72$1,942,975$1,112,824$934,902$1,636,138
73$2,108,768$1,134,962$933,831$1,737,120
74$2,290,452$1,157,164$931,703$1,846,894
75$2,489,615$1,179,402$928,452$1,966,332
76$2,708,007$1,201,644$924,006$2,096,396
77$2,947,555$1,223,855$918,292$2,238,146
78$3,210,382$1,246,001$911,231$2,392,749
79$3,498,825$1,268,040$902,742$2,561,492
80$3,815,461$1,289,929$892,740$2,745,795
81$4,163,127$1,311,624$881,135$2,947,222
82$4,544,946$1,333,074$867,833$3,167,497
83$4,964,362$1,354,227$852,737$3,408,521
84$5,425,168$1,375,024$835,745$3,672,388
85$5,931,540$1,395,406$816,747$3,961,410
86$6,488,083$1,415,306$795,633$4,278,131
87$7,099,865$1,434,654$772,285$4,625,359
88$7,772,474$1,453,375$746,580$5,006,187
89$8,512,065$1,471,388$718,388$5,424,025
90$9,325,418$1,488,609$687,577$5,882,635
91$10,220,004$1,504,944$654,004$6,386,159
92$11,204,056$1,520,297$617,524$6,939,168
93$12,286,641$1,534,563$577,983$7,546,696
94$13,477,752$1,547,631$535,219$8,214,296
95$14,788,400$1,559,382$489,067$8,948,087
96$16,230,716$1,569,691$439,349$9,754,815
97$17,818,065$1,578,422$385,884$10,641,916
98$19,565,177$1,585,434$328,480$11,617,588
99$21,488,278$1,590,573$266,937$12,690,865
100$23,605,250$1,593,679$201,047$13,871,707