Can I retire at age 63 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,339$71,695$71,066$70,453$69,853$68,248
2 years$35,812$35,145$34,498$33,871$33,264$31,655
3 years$23,637$22,967$22,323$21,702$21,104$19,542
4 years$17,551$16,883$16,245$15,635$15,051$13,549
5 years$13,901$13,237$12,607$12,009$11,442$10,003
6 years$11,468$10,809$10,188$9,604$9,054$7,679
7 years$9,730$9,077$8,466$7,896$7,363$6,054
8 years$8,428$7,781$7,180$6,624$6,108$4,864
9 years$7,416$6,775$6,184$5,642$5,144$3,963
10 years$6,606$5,972$5,392$4,863$4,383$3,264
11 years$5,945$5,316$4,747$4,233$3,770$2,712
12 years$5,394$4,771$4,213$3,713$3,267$2,268
13 years$4,928$4,312$3,764$3,278$2,849$1,907
14 years$4,529$3,919$3,382$2,909$2,497$1,611
15 years$4,183$3,581$3,053$2,595$2,199$1,365
16 years$3,881$3,285$2,768$2,323$1,943$1,161
17 years$3,615$3,025$2,519$2,087$1,723$990
18 years$3,378$2,796$2,299$1,881$1,532$846
19 years$3,167$2,591$2,105$1,700$1,365$724
20 years$2,977$2,408$1,932$1,540$1,220$620
21 years$2,806$2,243$1,777$1,397$1,091$532
22 years$2,650$2,093$1,638$1,270$978$458
23 years$2,508$1,958$1,512$1,157$878$394
24 years$2,378$1,834$1,399$1,055$789$339
25 years$2,258$1,722$1,295$964$710$292
26 years$2,148$1,618$1,201$881$640$251
27 years$2,047$1,523$1,116$807$577$217
28 years$1,952$1,435$1,037$739$520$187
29 years$1,865$1,354$965$678$470$161
30 years$1,783$1,278$899$622$425$139
31 years$1,707$1,208$838$571$384$120
32 years$1,636$1,143$782$525$347$104
33 years$1,569$1,083$730$483$314$90
34 years$1,506$1,026$682$444$285$78
35 years$1,447$973$638$409$258$67
36 years$1,391$924$597$377$234$58
37 years$1,339$878$558$347$212$50
38 years$1,289$834$523$320$192$43
39 years$1,242$793$490$295$174$37
40 years$1,198$754$459$272$158$32
41 years$1,155$718$431$251$143$28
42 years$1,115$684$404$232$130$24
43 years$1,077$652$379$214$118$21
44 years$1,041$621$356$197$107$18
45 years$1,006$592$334$182$97$16
46 years$973$565$314$168$88$14
47 years$942$539$295$156$80$12
48 years$912$515$277$144$73$10
49 years$883$492$260$133$66$9
50 years$855$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $876,000, adding $6,749 every year, while hoping to spend $48,477 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: 68/9/23 Blend
62$876,000$876,000$876,000$876,000
63$972,314$925,886$912,308$1,032,319
64$1,019,910$919,675$891,291$1,067,173
65$1,070,737$911,535$867,945$1,099,075
66$1,125,073$901,320$842,141$1,132,831
67$1,183,222$888,877$813,745$1,168,621
68$1,245,519$874,040$782,613$1,206,648
69$1,312,330$856,637$748,600$1,247,136
70$1,384,060$836,484$711,550$1,290,332
71$1,461,149$813,386$671,301$1,336,511
72$1,544,082$787,138$627,686$1,385,977
73$1,633,392$757,521$580,527$1,439,066
74$1,729,663$724,306$529,640$1,496,151
75$1,833,539$687,247$474,834$1,557,645
76$1,945,725$646,087$415,905$1,624,006
77$2,066,997$600,553$352,646$1,695,738
78$2,198,207$550,356$284,836$1,773,402
79$2,340,292$495,191$212,246$1,857,616
80$2,494,282$434,737$134,637$1,949,065
81$2,661,311$368,651$51,759$2,048,508
82$2,842,625$296,574$0$2,156,782
83$3,039,592$218,126$0$2,283,816
84$3,253,722$132,905$0$2,435,773
85$3,486,671$40,488$0$2,601,139
86$3,740,266$0$0$2,781,238
87$4,016,512$0$0$2,983,431
88$4,317,620$0$0$3,208,238
89$4,646,020$0$0$3,453,471
90$5,004,390$0$0$3,721,134
91$5,395,674$0$0$4,013,435
92$5,823,115$0$0$4,332,802
93$6,290,284$0$0$4,681,909
94$6,801,110$0$0$5,063,700
95$7,359,921$0$0$5,481,418
96$7,971,480$0$0$5,938,631
97$8,641,036$0$0$6,439,271
98$9,374,365$0$0$6,987,665
99$10,177,830$0$0$7,588,581
100$11,058,437$0$0$8,247,267