Can I retire at age 63 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,752$72,104$71,472$70,855$70,252$69,461
2 years$36,016$35,345$34,695$34,065$33,453$32,657
3 years$23,772$23,098$22,450$21,826$21,224$20,447
4 years$17,651$16,980$16,338$15,724$15,137$14,385
5 years$13,980$13,312$12,679$12,078$11,507$10,783
6 years$11,533$10,871$10,246$9,659$9,105$8,409
7 years$9,786$9,129$8,515$7,941$7,405$6,738
8 years$8,476$7,825$7,221$6,661$6,143$5,505
9 years$7,458$6,813$6,220$5,674$5,173$4,564
10 years$6,644$6,006$5,422$4,891$4,408$3,826
11 years$5,979$5,346$4,774$4,257$3,791$3,237
12 years$5,424$4,799$4,237$3,734$3,285$2,758
13 years$4,956$4,337$3,785$3,296$2,865$2,364
14 years$4,554$3,942$3,401$2,926$2,511$2,036
15 years$4,207$3,601$3,071$2,610$2,211$1,761
16 years$3,903$3,304$2,784$2,337$1,954$1,528
17 years$3,635$3,043$2,533$2,099$1,733$1,330
18 years$3,398$2,812$2,313$1,892$1,541$1,160
19 years$3,185$2,606$2,117$1,710$1,373$1,015
20 years$2,994$2,421$1,943$1,548$1,227$889
21 years$2,822$2,255$1,787$1,405$1,098$780
22 years$2,665$2,105$1,647$1,278$984$685
23 years$2,522$1,969$1,521$1,164$883$603
24 years$2,391$1,845$1,406$1,061$794$531
25 years$2,271$1,731$1,303$969$714$468
26 years$2,161$1,627$1,208$886$643$412
27 years$2,058$1,531$1,122$811$580$364
28 years$1,964$1,443$1,043$743$523$322
29 years$1,875$1,361$971$682$473$284
30 years$1,793$1,286$904$625$427$251
31 years$1,717$1,215$843$574$386$222
32 years$1,645$1,150$786$528$349$197
33 years$1,578$1,089$734$485$316$174
34 years$1,515$1,032$686$447$286$154
35 years$1,455$979$641$411$259$136
36 years$1,399$929$600$379$235$121
37 years$1,346$883$562$349$213$107
38 years$1,296$839$526$322$193$95
39 years$1,249$798$493$297$175$84
40 years$1,204$759$462$274$159$75
41 years$1,162$722$433$252$144$66
42 years$1,122$688$406$233$131$59
43 years$1,083$655$381$215$119$52
44 years$1,047$625$358$199$108$46
45 years$1,012$596$336$183$98$41
46 years$979$568$316$169$89$36
47 years$947$542$296$156$81$32
48 years$917$518$279$145$73$28
49 years$888$494$262$134$66$25
50 years$860$472$246$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $881,000, adding $4,419 every year, while hoping to spend $47,328 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: 47/37/16 Blend
62$881,000$881,000$881,000$881,000
63$975,420$928,727$915,072$1,016,667
64$1,024,556$923,878$895,370$1,040,899
65$1,077,118$917,205$873,422$1,062,017
66$1,133,405$908,569$849,103$1,083,914
67$1,193,746$897,822$822,281$1,106,681
68$1,258,500$884,808$792,819$1,130,421
69$1,328,064$869,360$760,575$1,155,251
70$1,402,871$851,303$725,399$1,181,304
71$1,483,397$830,451$687,133$1,208,727
72$1,570,166$806,605$645,615$1,237,688
73$1,663,753$779,559$600,673$1,268,377
74$1,764,789$749,090$552,128$1,301,004
75$1,873,967$714,965$499,795$1,335,807
76$1,992,050$676,937$443,476$1,373,054
77$2,119,877$634,745$382,970$1,413,043
78$2,258,367$588,110$318,063$1,456,110
79$2,408,536$536,742$248,533$1,502,628
80$2,571,495$480,332$174,147$1,553,016
81$2,748,471$418,551$94,665$1,607,743
82$2,940,811$351,056$9,832$1,667,331
83$3,149,997$277,482$0$1,732,362
84$3,377,661$197,443$0$1,817,264
85$3,625,598$110,532$0$1,911,671
86$3,895,781$16,321$0$2,014,757
87$4,190,385$0$0$2,127,474
88$4,511,801$0$0$2,285,742
89$4,862,663$0$0$2,465,858
90$5,245,868$0$0$2,662,675
91$5,664,607$0$0$2,877,844
92$6,122,393$0$0$3,113,183
93$6,623,094$0$0$3,370,694
94$7,170,966$0$0$3,652,579
95$7,770,699$0$0$3,961,266
96$8,427,457$0$0$4,299,427
97$9,146,924$0$0$4,670,005
98$9,935,363$0$0$5,076,241
99$10,799,669$0$0$5,521,705
100$11,747,438$0$0$6,010,328