Can I retire at age 63 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$72,257$71,613$70,985$70,372$69,774$68,337
2 years$35,771$35,104$34,459$33,833$33,226$31,785
3 years$23,610$22,941$22,297$21,677$21,080$19,679
4 years$17,531$16,864$16,227$15,617$15,034$13,686
5 years$13,885$13,222$12,593$11,995$11,429$10,135
6 years$11,455$10,797$10,177$9,593$9,043$7,807
7 years$9,719$9,067$8,457$7,887$7,355$6,175
8 years$8,419$7,772$7,172$6,616$6,101$4,978
9 years$7,407$6,767$6,177$5,635$5,138$4,071
10 years$6,599$5,965$5,385$4,858$4,378$3,366
11 years$5,938$5,310$4,741$4,228$3,765$2,807
12 years$5,387$4,766$4,208$3,708$3,263$2,356
13 years$4,922$4,307$3,759$3,274$2,845$1,989
14 years$4,523$3,915$3,378$2,906$2,494$1,687
15 years$4,178$3,576$3,050$2,592$2,196$1,436
16 years$3,877$3,281$2,765$2,321$1,941$1,226
17 years$3,611$3,022$2,516$2,085$1,721$1,050
18 years$3,375$2,792$2,297$1,879$1,530$901
19 years$3,164$2,588$2,103$1,698$1,364$775
20 years$2,974$2,405$1,930$1,538$1,218$667
21 years$2,802$2,240$1,775$1,396$1,090$575
22 years$2,647$2,091$1,636$1,269$977$497
23 years$2,505$1,956$1,510$1,156$877$429
24 years$2,375$1,832$1,397$1,054$788$371
25 years$2,256$1,720$1,294$963$709$321
26 years$2,146$1,616$1,200$880$639$278
27 years$2,044$1,521$1,114$806$576$241
28 years$1,950$1,433$1,036$738$520$209
29 years$1,863$1,352$964$677$469$181
30 years$1,781$1,277$898$621$424$157
31 years$1,705$1,207$837$571$383$136
32 years$1,634$1,142$781$524$347$118
33 years$1,567$1,082$729$482$314$103
34 years$1,504$1,025$681$444$284$89
35 years$1,445$972$637$408$257$78
36 years$1,390$923$596$376$233$67
37 years$1,337$877$558$347$211$59
38 years$1,288$833$522$319$192$51
39 years$1,241$792$489$295$174$44
40 years$1,196$754$459$272$158$38
41 years$1,154$717$430$251$143$33
42 years$1,114$683$403$231$130$29
43 years$1,076$651$379$214$118$25
44 years$1,040$620$355$197$107$22
45 years$1,005$592$334$182$97$19
46 years$972$564$313$168$88$17
47 years$941$539$294$155$80$14
48 years$911$514$277$144$73$13
49 years$882$491$260$133$66$11
50 years$854$469$244$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $875,000, adding $3,646 every year, while hoping to spend $41,463 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: 77/16/7 Blend
62$875,000$875,000$875,000$875,000
63$968,011$921,636$908,073$1,041,444
64$1,022,632$922,680$894,377$1,091,224
65$1,081,434$922,385$878,833$1,140,070
66$1,144,801$920,642$861,335$1,192,408
67$1,213,153$917,336$841,771$1,248,568
68$1,286,951$912,342$820,028$1,308,913
69$1,366,704$905,531$795,982$1,373,843
70$1,452,968$896,762$769,508$1,443,799
71$1,546,358$885,891$740,474$1,519,267
72$1,647,547$872,760$708,740$1,600,784
73$1,757,276$857,204$674,162$1,688,939
74$1,876,360$839,050$636,589$1,784,385
75$2,005,697$818,110$595,862$1,887,839
76$2,146,270$794,190$551,816$2,000,093
77$2,299,166$767,082$504,278$2,122,022
78$2,465,578$736,566$453,068$2,254,586
79$2,646,818$702,409$397,997$2,398,849
80$2,844,332$664,366$338,869$2,555,981
81$3,059,710$622,176$275,477$2,727,273
82$3,294,702$575,564$207,607$2,914,149
83$3,551,235$524,239$135,035$3,118,178
84$3,831,429$467,895$57,526$3,341,092
85$4,137,618$406,206$0$3,584,799
86$4,472,374$338,828$0$3,853,287
87$4,838,525$265,400$0$4,151,701
88$5,239,188$185,538$0$4,478,322
89$5,677,793$98,837$0$4,835,992
90$6,158,118$4,870$0$5,227,845
91$6,684,324$0$0$5,657,336
92$7,260,992$0$0$6,145,319
93$7,893,169$0$0$6,681,245
94$8,586,412$0$0$7,268,972
95$9,346,842$0$0$7,913,693
96$10,181,201$0$0$8,621,130
97$11,096,916$0$0$9,397,583
98$12,102,167$0$0$10,249,992
99$13,205,964$0$0$11,186,004
100$14,418,234$0$0$12,214,041