Can I retire at age 63 with 882,000?

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 $882,000?

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$72,835$72,186$71,553$70,935$70,332$68,884
2 years$36,057$35,385$34,734$34,103$33,491$32,039
3 years$23,799$23,125$22,475$21,850$21,248$19,837
4 years$17,671$16,999$16,356$15,742$15,154$13,795
5 years$13,996$13,327$12,693$12,091$11,520$10,217
6 years$11,546$10,883$10,258$9,670$9,116$7,869
7 years$9,797$9,139$8,524$7,950$7,413$6,224
8 years$8,486$7,834$7,229$6,669$6,150$5,018
9 years$7,467$6,821$6,227$5,680$5,179$4,104
10 years$6,652$6,012$5,429$4,897$4,413$3,393
11 years$5,985$5,353$4,779$4,262$3,795$2,829
12 years$5,431$4,804$4,241$3,738$3,289$2,375
13 years$4,961$4,342$3,789$3,300$2,868$2,005
14 years$4,560$3,946$3,405$2,929$2,514$1,701
15 years$4,212$3,605$3,074$2,613$2,214$1,448
16 years$3,908$3,308$2,787$2,339$1,956$1,236
17 years$3,640$3,046$2,536$2,102$1,735$1,059
18 years$3,402$2,815$2,315$1,894$1,542$908
19 years$3,189$2,609$2,119$1,711$1,375$781
20 years$2,998$2,424$1,945$1,550$1,228$672
21 years$2,825$2,258$1,789$1,407$1,099$580
22 years$2,668$2,108$1,649$1,279$985$500
23 years$2,525$1,971$1,523$1,165$884$432
24 years$2,394$1,847$1,408$1,062$795$374
25 years$2,274$1,733$1,304$970$715$324
26 years$2,163$1,629$1,210$887$644$280
27 years$2,061$1,533$1,123$812$581$243
28 years$1,966$1,445$1,044$744$524$211
29 years$1,878$1,363$972$682$473$183
30 years$1,795$1,287$905$626$428$158
31 years$1,719$1,217$844$575$387$138
32 years$1,647$1,151$787$529$350$119
33 years$1,580$1,090$735$486$316$104
34 years$1,516$1,033$687$447$287$90
35 years$1,457$980$642$412$260$78
36 years$1,401$930$601$379$235$68
37 years$1,348$884$562$349$213$59
38 years$1,298$840$526$322$193$51
39 years$1,251$798$493$297$175$45
40 years$1,206$760$462$274$159$39
41 years$1,163$723$434$253$144$34
42 years$1,123$689$407$233$131$29
43 years$1,085$656$382$215$119$25
44 years$1,048$625$358$199$108$22
45 years$1,013$596$336$184$98$19
46 years$980$569$316$170$89$17
47 years$948$543$297$157$81$15
48 years$918$518$279$145$73$13
49 years$889$495$262$134$67$11
50 years$861$473$246$124$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $882,000, adding $2,969 every year, while hoping to spend $49,250 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: 48/30/22 Blend
62$882,000$882,000$882,000$882,000
63$975,027$928,281$914,610$1,015,617
64$1,022,078$921,365$892,847$1,037,320
65$1,072,277$912,459$868,705$1,055,700
66$1,125,895$901,415$842,052$1,074,646
67$1,183,225$888,073$812,750$1,094,235
68$1,244,591$872,266$780,654$1,114,552
69$1,310,348$853,815$745,614$1,135,694
70$1,380,884$832,533$707,474$1,157,772
71$1,456,627$808,220$666,067$1,180,912
72$1,538,045$780,665$621,222$1,205,257
73$1,625,652$749,644$572,759$1,230,966
74$1,720,013$714,921$520,491$1,258,223
75$1,821,747$676,245$464,221$1,287,231
76$1,931,537$633,353$403,744$1,318,221
77$2,050,131$585,964$338,846$1,351,454
78$2,178,350$533,783$269,304$1,387,219
79$2,317,100$476,496$194,884$1,425,844
80$2,467,375$413,774$115,342$1,467,696
81$2,630,265$345,268$30,425$1,513,185
82$2,806,975$270,608$0$1,562,770
83$2,998,823$189,405$0$1,631,095
84$3,207,265$101,248$0$1,713,144
85$3,433,899$5,702$0$1,802,476
86$3,680,483$0$0$1,899,876
87$3,948,953$0$0$2,038,465
88$4,241,438$0$0$2,191,592
89$4,560,282$0$0$2,358,611
90$4,908,065$0$0$2,540,885
91$5,287,623$0$0$2,739,915
92$5,702,084$0$0$2,957,352
93$6,154,885$0$0$3,195,013
94$6,649,815$0$0$3,454,900
95$7,191,043$0$0$3,739,216
96$7,783,158$0$0$4,050,388
97$8,431,216$0$0$4,391,087
98$9,140,783$0$0$4,764,256
99$9,917,987$0$0$5,173,134
100$10,769,578$0$0$5,621,289