Can I retire at age 63 with 875,000?

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 $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%18.9%
1 years$72,257$71,613$70,985$70,372$69,774$67,271
2 years$35,771$35,104$34,459$33,833$33,226$30,732
3 years$23,610$22,941$22,297$21,677$21,080$18,672
4 years$17,531$16,864$16,227$15,617$15,034$12,732
5 years$13,885$13,222$12,593$11,995$11,429$9,238
6 years$11,455$10,797$10,177$9,593$9,043$6,965
7 years$9,719$9,067$8,457$7,887$7,355$5,389
8 years$8,419$7,772$7,172$6,616$6,101$4,246
9 years$7,407$6,767$6,177$5,635$5,138$3,391
10 years$6,599$5,965$5,385$4,858$4,378$2,736
11 years$5,938$5,310$4,741$4,228$3,765$2,225
12 years$5,387$4,766$4,208$3,708$3,263$1,821
13 years$4,922$4,307$3,759$3,274$2,845$1,497
14 years$4,523$3,915$3,378$2,906$2,494$1,236
15 years$4,178$3,576$3,050$2,592$2,196$1,024
16 years$3,877$3,281$2,765$2,321$1,941$850
17 years$3,611$3,022$2,516$2,085$1,721$707
18 years$3,375$2,792$2,297$1,879$1,530$590
19 years$3,164$2,588$2,103$1,698$1,364$492
20 years$2,974$2,405$1,930$1,538$1,218$412
21 years$2,802$2,240$1,775$1,396$1,090$344
22 years$2,647$2,091$1,636$1,269$977$288
23 years$2,505$1,956$1,510$1,156$877$242
24 years$2,375$1,832$1,397$1,054$788$203
25 years$2,256$1,720$1,294$963$709$170
26 years$2,146$1,616$1,200$880$639$143
27 years$2,044$1,521$1,114$806$576$120
28 years$1,950$1,433$1,036$738$520$101
29 years$1,863$1,352$964$677$469$85
30 years$1,781$1,277$898$621$424$71
31 years$1,705$1,207$837$571$383$60
32 years$1,634$1,142$781$524$347$50
33 years$1,567$1,082$729$482$314$42
34 years$1,504$1,025$681$444$284$35
35 years$1,445$972$637$408$257$30
36 years$1,390$923$596$376$233$25
37 years$1,337$877$558$347$211$21
38 years$1,288$833$522$319$192$18
39 years$1,241$792$489$295$174$15
40 years$1,196$754$459$272$158$13
41 years$1,154$717$430$251$143$11
42 years$1,114$683$403$231$130$9
43 years$1,076$651$379$214$118$7
44 years$1,040$620$355$197$107$6
45 years$1,005$592$334$182$97$5
46 years$972$564$313$168$88$4
47 years$941$539$294$155$80$4
48 years$911$514$277$144$73$3
49 years$882$491$260$133$66$3
50 years$854$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $875,000, adding $2,665 every year, while hoping to spend $37,946 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: 43/46/11 Blend
62$875,000$875,000$875,000$875,000
63$966,999$920,624$907,061$1,005,387
64$1,025,259$925,360$897,074$1,037,166
65$1,088,189$929,057$885,480$1,067,541
66$1,156,226$931,623$872,185$1,099,600
67$1,229,850$932,961$857,093$1,133,512
68$1,309,588$932,969$840,098$1,169,466
69$1,396,020$931,538$821,095$1,207,673
70$1,489,782$928,552$799,970$1,248,364
71$1,591,576$923,887$776,605$1,291,801
72$1,702,173$917,414$750,878$1,338,271
73$1,822,421$908,994$722,658$1,388,094
74$1,953,253$898,479$691,812$1,441,628
75$2,095,695$885,716$658,199$1,499,267
76$2,250,878$870,538$621,670$1,561,450
77$2,420,044$852,771$582,073$1,628,666
78$2,604,562$832,230$539,246$1,701,454
79$2,805,938$808,719$493,021$1,780,416
80$3,025,828$782,031$443,222$1,866,216
81$3,266,059$751,947$389,666$1,959,592
82$3,528,638$718,233$332,161$2,061,364
83$3,815,778$680,646$270,507$2,172,437
84$4,129,913$638,923$204,495$2,293,816
85$4,473,725$592,792$133,907$2,426,616
86$4,850,167$541,960$58,515$2,572,068
87$5,262,490$486,122$0$2,731,540
88$5,714,275$424,953$0$2,909,117
89$6,209,464$358,108$0$3,111,396
90$6,752,401$285,227$0$3,333,384
91$7,347,869$205,927$0$3,577,162
92$8,001,136$119,802$0$3,845,033
93$8,718,006$26,427$0$4,139,539
94$9,504,871$0$0$4,463,493
95$10,368,771$0$0$4,857,787
96$11,317,463$0$0$5,305,584
97$12,359,490$0$0$5,797,554
98$13,504,264$0$0$6,338,155
99$14,762,155$0$0$6,932,298
100$16,144,586$0$0$7,585,395