Can I retire at age 63 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,917$72,268$71,634$71,016$70,412$67,645
2 years$36,098$35,425$34,774$34,142$33,529$30,776
3 years$23,826$23,151$22,501$21,875$21,272$18,618
4 years$17,691$17,018$16,375$15,760$15,172$12,638
5 years$14,012$13,343$12,708$12,105$11,533$9,126
6 years$11,559$10,895$10,270$9,681$9,126$6,847
7 years$9,808$9,150$8,534$7,959$7,422$5,270
8 years$8,496$7,843$7,238$6,677$6,157$4,130
9 years$7,475$6,829$6,234$5,687$5,185$3,280
10 years$6,659$6,019$5,435$4,902$4,418$2,632
11 years$5,992$5,359$4,785$4,266$3,800$2,128
12 years$5,437$4,810$4,246$3,742$3,293$1,731
13 years$4,967$4,346$3,794$3,304$2,871$1,414
14 years$4,565$3,951$3,409$2,933$2,517$1,160
15 years$4,216$3,609$3,078$2,615$2,216$955
16 years$3,912$3,311$2,790$2,342$1,959$788
17 years$3,644$3,050$2,539$2,104$1,737$651
18 years$3,405$2,818$2,318$1,896$1,544$539
19 years$3,192$2,612$2,122$1,713$1,376$447
20 years$3,001$2,427$1,947$1,552$1,229$371
21 years$2,828$2,261$1,791$1,408$1,100$308
22 years$2,671$2,110$1,651$1,281$986$257
23 years$2,528$1,974$1,524$1,166$885$213
24 years$2,397$1,849$1,410$1,064$796$178
25 years$2,277$1,735$1,306$971$716$148
26 years$2,166$1,631$1,211$888$645$123
27 years$2,063$1,535$1,124$813$581$103
28 years$1,968$1,446$1,045$745$525$86
29 years$1,880$1,364$973$683$474$71
30 years$1,797$1,289$906$627$428$60
31 years$1,721$1,218$845$576$387$50
32 years$1,649$1,153$788$529$350$41
33 years$1,581$1,092$736$487$317$35
34 years$1,518$1,034$688$448$287$29
35 years$1,459$981$643$412$260$24
36 years$1,402$931$601$380$235$20
37 years$1,349$885$563$350$213$17
38 years$1,299$841$527$322$193$14
39 years$1,252$799$494$297$175$12
40 years$1,207$761$463$274$159$10
41 years$1,165$724$434$253$144$8
42 years$1,124$689$407$233$131$7
43 years$1,086$657$382$215$119$6
44 years$1,049$626$359$199$108$5
45 years$1,014$597$337$184$98$4
46 years$981$570$316$170$89$3
47 years$949$544$297$157$81$3
48 years$919$519$279$145$73$2
49 years$890$496$262$134$67$2
50 years$862$473$247$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $883,000, adding $6,398 every year, while hoping to spend $57,416 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: 70/15/15 Blend
62$883,000$883,000$883,000$883,000
63$979,666$932,867$919,180$1,044,444
64$1,018,501$917,487$888,882$1,072,955
65$1,059,374$899,429$855,645$1,096,652
66$1,102,431$878,502$819,310$1,121,106
67$1,147,831$854,501$779,710$1,146,384
68$1,195,751$827,213$736,671$1,172,561
69$1,246,381$796,409$690,012$1,199,718
70$1,299,927$761,848$639,543$1,227,950
71$1,356,617$723,276$585,065$1,257,360
72$1,416,698$680,424$526,372$1,288,066
73$1,480,442$633,005$463,246$1,320,196
74$1,548,143$580,718$395,461$1,353,899
75$1,620,126$523,246$322,781$1,389,336
76$1,696,745$460,251$244,960$1,426,690
77$1,778,386$391,376$161,739$1,466,163
78$1,865,476$316,248$72,851$1,507,984
79$1,958,477$234,467$0$1,552,404
80$2,057,901$145,615$0$1,603,228
81$2,164,305$49,248$0$1,669,919
82$2,278,301$0$0$1,741,205
83$2,400,563$0$0$1,826,620
84$2,531,826$0$0$1,927,083
85$2,672,900$0$0$2,035,090
86$2,824,673$0$0$2,151,323
87$2,988,119$0$0$2,276,535
88$3,164,309$0$0$2,411,551
89$3,354,420$0$0$2,557,276
90$3,559,744$0$0$2,714,708
91$3,781,701$0$0$2,884,940
92$4,021,852$0$0$3,069,176
93$4,281,912$0$0$3,268,739
94$4,563,768$0$0$3,485,081
95$4,869,494$0$0$3,719,803
96$5,201,372$0$0$3,974,662
97$5,561,909$0$0$4,251,594
98$5,953,866$0$0$4,552,725
99$6,380,278$0$0$4,880,397
100$6,844,487$0$0$5,237,185