Can I retire at age 63 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$72,174$71,531$70,904$70,292$69,694$69,226
2 years$35,730$35,064$34,419$33,794$33,188$32,715
3 years$23,583$22,915$22,272$21,652$21,056$20,594
4 years$17,511$16,845$16,208$15,599$15,017$14,570
5 years$13,869$13,207$12,578$11,982$11,416$10,984
6 years$11,441$10,784$10,165$9,582$9,033$8,617
7 years$9,708$9,057$8,447$7,878$7,346$6,947
8 years$8,409$7,763$7,164$6,608$6,094$5,711
9 years$7,399$6,759$6,170$5,629$5,132$4,765
10 years$6,591$5,958$5,379$4,852$4,373$4,022
11 years$5,931$5,304$4,736$4,223$3,761$3,425
12 years$5,381$4,761$4,203$3,704$3,259$2,939
13 years$4,916$4,302$3,755$3,270$2,842$2,537
14 years$4,518$3,911$3,374$2,903$2,491$2,201
15 years$4,174$3,572$3,046$2,589$2,194$1,918
16 years$3,872$3,278$2,762$2,318$1,939$1,677
17 years$3,607$3,019$2,513$2,083$1,719$1,470
18 years$3,371$2,789$2,294$1,877$1,528$1,293
19 years$3,160$2,585$2,100$1,696$1,362$1,140
20 years$2,970$2,402$1,927$1,536$1,217$1,006
21 years$2,799$2,238$1,773$1,394$1,089$890
22 years$2,644$2,089$1,634$1,268$976$788
23 years$2,502$1,953$1,509$1,154$876$699
24 years$2,372$1,830$1,395$1,053$788$621
25 years$2,253$1,718$1,292$962$709$552
26 years$2,144$1,614$1,199$879$638$491
27 years$2,042$1,519$1,113$805$576$437
28 years$1,948$1,432$1,035$737$519$390
29 years$1,861$1,351$963$676$469$347
30 years$1,779$1,275$897$620$424$310
31 years$1,703$1,206$836$570$383$277
32 years$1,632$1,141$780$524$346$247
33 years$1,565$1,080$728$482$314$221
34 years$1,503$1,024$681$443$284$197
35 years$1,444$971$636$408$257$176
36 years$1,388$922$595$376$233$157
37 years$1,336$876$557$346$211$141
38 years$1,286$832$522$319$191$126
39 years$1,239$791$489$294$174$113
40 years$1,195$753$458$271$157$101
41 years$1,153$717$430$250$143$90
42 years$1,113$682$403$231$130$81
43 years$1,075$650$378$213$118$72
44 years$1,038$620$355$197$107$65
45 years$1,004$591$333$182$97$58
46 years$971$564$313$168$88$52
47 years$940$538$294$155$80$46
48 years$910$514$276$143$73$42
49 years$881$490$260$133$66$37
50 years$853$469$244$123$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $874,000, adding $6,034 every year, while hoping to spend $25,877 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: 55/17/28 Blend
62$874,000$874,000$874,000$874,000
63$969,372$923,050$909,503$1,014,877
64$1,040,715$940,747$912,438$1,064,614
65$1,118,468$958,443$914,605$1,115,587
66$1,203,257$976,112$915,949$1,170,584
67$1,295,771$993,724$916,416$1,230,001
68$1,396,771$1,011,247$915,947$1,294,275
69$1,507,090$1,028,647$914,480$1,363,891
70$1,627,649$1,045,886$911,950$1,439,379
71$1,759,460$1,062,926$908,292$1,521,327
72$1,903,639$1,079,723$903,434$1,610,383
73$2,061,412$1,096,231$897,301$1,707,260
74$2,234,132$1,112,402$889,816$1,812,748
75$2,423,286$1,128,183$880,898$1,927,715
76$2,630,515$1,143,517$870,461$2,053,121
77$2,857,622$1,158,344$858,416$2,190,022
78$3,106,596$1,172,600$844,670$2,339,586
79$3,379,627$1,186,215$829,124$2,503,098
80$3,679,126$1,199,117$811,677$2,681,978
81$4,007,749$1,211,226$792,220$2,877,791
82$4,368,423$1,222,459$770,643$3,092,262
83$4,764,369$1,232,727$746,827$3,327,296
84$5,199,139$1,241,934$720,649$3,584,992
85$5,676,642$1,249,980$691,982$3,867,665
86$6,201,187$1,256,757$660,691$4,177,868
87$6,777,520$1,262,150$626,636$4,518,417
88$7,410,869$1,266,037$589,671$4,892,417
89$8,106,994$1,268,289$549,641$5,303,291
90$8,872,240$1,268,769$506,387$5,754,814
91$9,713,599$1,267,329$459,741$6,251,150
92$10,638,773$1,263,815$409,530$6,796,889
93$11,656,248$1,258,062$355,569$7,397,092
94$12,775,374$1,249,895$297,669$8,057,340
95$14,006,451$1,239,129$235,629$8,783,785
96$15,360,830$1,225,567$169,244$9,583,212
97$16,851,015$1,209,000$98,294$10,463,101
98$18,490,786$1,189,209$22,555$11,431,697
99$20,295,324$1,165,958$0$12,498,093
100$22,281,357$1,139,000$0$13,689,721