Can I retire at age 63 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,587$71,940$71,310$70,694$70,093$69,709
2 years$35,934$35,265$34,616$33,987$33,377$32,991
3 years$23,718$23,046$22,399$21,776$21,176$20,798
4 years$17,611$16,941$16,301$15,688$15,103$14,736
5 years$13,948$13,282$12,650$12,050$11,481$11,127
6 years$11,507$10,846$10,223$9,637$9,085$8,743
7 years$9,764$9,108$8,495$7,923$7,388$7,060
8 years$8,457$7,808$7,205$6,646$6,129$5,814
9 years$7,441$6,798$6,206$5,661$5,162$4,860
10 years$6,629$5,992$5,410$4,880$4,398$4,109
11 years$5,965$5,334$4,763$4,247$3,782$3,506
12 years$5,412$4,788$4,227$3,725$3,278$3,014
13 years$4,945$4,327$3,777$3,289$2,858$2,607
14 years$4,544$3,933$3,393$2,919$2,506$2,266
15 years$4,197$3,593$3,064$2,604$2,206$1,978
16 years$3,894$3,296$2,778$2,331$1,950$1,733
17 years$3,627$3,036$2,528$2,095$1,729$1,523
18 years$3,390$2,805$2,307$1,888$1,537$1,342
19 years$3,178$2,600$2,112$1,706$1,370$1,185
20 years$2,987$2,416$1,939$1,545$1,224$1,049
21 years$2,815$2,250$1,783$1,402$1,095$930
22 years$2,659$2,101$1,643$1,275$982$826
23 years$2,516$1,965$1,517$1,161$881$734
24 years$2,386$1,841$1,403$1,059$792$653
25 years$2,266$1,727$1,300$967$713$582
26 years$2,156$1,624$1,205$884$642$519
27 years$2,054$1,528$1,119$809$579$463
28 years$1,959$1,440$1,041$742$522$414
29 years$1,871$1,358$968$680$472$370
30 years$1,789$1,283$902$624$426$331
31 years$1,713$1,213$841$573$385$296
32 years$1,641$1,147$785$527$348$265
33 years$1,574$1,087$733$484$315$237
34 years$1,511$1,030$684$446$286$212
35 years$1,452$977$640$410$259$190
36 years$1,396$927$599$378$234$171
37 years$1,343$881$560$348$212$153
38 years$1,294$837$525$321$193$137
39 years$1,246$796$492$296$175$123
40 years$1,202$757$461$273$158$110
41 years$1,159$721$432$252$144$99
42 years$1,119$686$405$232$130$89
43 years$1,081$654$380$214$118$80
44 years$1,044$623$357$198$107$72
45 years$1,010$594$335$183$97$64
46 years$977$567$315$169$89$58
47 years$945$541$296$156$80$52
48 years$915$517$278$144$73$46
49 years$886$493$261$133$66$42
50 years$858$471$246$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $879,000, adding $2,176 every year, while hoping to spend $49,809 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: 41/47/12 Blend
62$879,000$879,000$879,000$879,000
63$970,903$924,316$910,691$1,007,178
64$1,016,938$916,611$888,203$1,025,194
65$1,066,000$906,859$863,292$1,039,579
66$1,118,344$894,907$835,824$1,054,049
67$1,174,252$880,594$805,661$1,068,633
68$1,234,029$863,747$772,654$1,083,368
69$1,298,014$844,184$736,652$1,098,298
70$1,366,576$821,714$697,494$1,113,476
71$1,440,121$796,131$655,014$1,128,962
72$1,519,093$767,222$609,037$1,144,830
73$1,603,980$734,755$559,380$1,161,166
74$1,695,319$698,492$505,852$1,178,069
75$1,793,699$658,175$448,255$1,195,655
76$1,899,765$613,534$386,380$1,214,057
77$2,014,227$564,284$320,011$1,233,427
78$2,137,867$510,122$248,919$1,253,942
79$2,271,540$450,729$172,869$1,275,801
80$2,416,190$385,768$91,613$1,299,235
81$2,572,853$314,881$4,893$1,324,503
82$2,742,667$237,693$0$1,351,901
83$2,926,884$153,805$0$1,392,987
84$3,126,882$62,798$0$1,438,314
85$3,344,175$0$0$1,487,722
86$3,580,431$0$0$1,560,234
87$3,837,482$0$0$1,674,564
88$4,117,345$0$0$1,799,144
89$4,422,240$0$0$1,934,975
90$4,754,610$0$0$2,083,160
91$5,117,143$0$0$2,244,909
92$5,512,797$0$0$2,421,560
93$5,944,829$0$0$2,614,580
94$6,416,825$0$0$2,825,587
95$6,932,732$0$0$3,056,364
96$7,496,895$0$0$3,308,871
97$8,114,099$0$0$3,585,267
98$8,789,612$0$0$3,887,931
99$9,529,236$0$0$4,219,481
100$10,339,358$0$0$4,582,801