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%12.1%
1 years$72,917$72,268$71,634$71,016$70,412$69,793
2 years$36,098$35,425$34,774$34,142$33,529$32,905
3 years$23,826$23,151$22,501$21,875$21,272$20,663
4 years$17,691$17,018$16,375$15,760$15,172$14,582
5 years$14,012$13,343$12,708$12,105$11,533$10,964
6 years$11,559$10,895$10,270$9,681$9,126$8,579
7 years$9,808$9,150$8,534$7,959$7,422$6,896
8 years$8,496$7,843$7,238$6,677$6,157$5,654
9 years$7,475$6,829$6,234$5,687$5,185$4,704
10 years$6,659$6,019$5,435$4,902$4,418$3,958
11 years$5,992$5,359$4,785$4,266$3,800$3,361
12 years$5,437$4,810$4,246$3,742$3,293$2,874
13 years$4,967$4,346$3,794$3,304$2,871$2,473
14 years$4,565$3,951$3,409$2,933$2,517$2,139
15 years$4,216$3,609$3,078$2,615$2,216$1,857
16 years$3,912$3,311$2,790$2,342$1,959$1,618
17 years$3,644$3,050$2,539$2,104$1,737$1,414
18 years$3,405$2,818$2,318$1,896$1,544$1,239
19 years$3,192$2,612$2,122$1,713$1,376$1,088
20 years$3,001$2,427$1,947$1,552$1,229$957
21 years$2,828$2,261$1,791$1,408$1,100$844
22 years$2,671$2,110$1,651$1,281$986$745
23 years$2,528$1,974$1,524$1,166$885$658
24 years$2,397$1,849$1,410$1,064$796$582
25 years$2,277$1,735$1,306$971$716$515
26 years$2,166$1,631$1,211$888$645$457
27 years$2,063$1,535$1,124$813$581$405
28 years$1,968$1,446$1,045$745$525$360
29 years$1,880$1,364$973$683$474$319
30 years$1,797$1,289$906$627$428$284
31 years$1,721$1,218$845$576$387$252
32 years$1,649$1,153$788$529$350$224
33 years$1,581$1,092$736$487$317$199
34 years$1,518$1,034$688$448$287$177
35 years$1,459$981$643$412$260$158
36 years$1,402$931$601$380$235$141
37 years$1,349$885$563$350$213$125
38 years$1,299$841$527$322$193$112
39 years$1,252$799$494$297$175$99
40 years$1,207$761$463$274$159$88
41 years$1,165$724$434$253$144$79
42 years$1,124$689$407$233$131$70
43 years$1,086$657$382$215$119$63
44 years$1,049$626$359$199$108$56
45 years$1,014$597$337$184$98$50
46 years$981$570$316$170$89$44
47 years$949$544$297$157$81$40
48 years$919$519$279$145$73$35
49 years$890$496$262$134$67$31
50 years$862$473$247$124$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $883,000, adding $2,013 every year, while hoping to spend $56,112 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: 61/27/12 Blend
62$883,000$883,000$883,000$883,000
63$975,142$928,343$914,657$1,031,716
64$1,014,904$914,130$885,595$1,055,724
65$1,056,841$897,338$853,679$1,075,350
66$1,101,116$877,785$818,754$1,095,397
67$1,147,905$855,272$780,658$1,115,908
68$1,197,403$829,592$739,222$1,136,933
69$1,249,821$800,525$694,269$1,158,531
70$1,305,390$767,837$645,613$1,180,767
71$1,364,361$731,283$593,063$1,203,718
72$1,427,010$690,600$536,415$1,227,470
73$1,493,640$645,514$475,460$1,252,122
74$1,564,579$595,733$409,976$1,277,786
75$1,640,190$540,947$339,734$1,304,589
76$1,720,868$480,833$264,494$1,332,675
77$1,807,047$415,043$184,004$1,362,207
78$1,899,201$343,216$98,004$1,393,369
79$1,997,852$264,966$6,219$1,426,369
80$2,103,571$179,887$0$1,461,440
81$2,216,984$87,550$0$1,510,591
82$2,338,779$0$0$1,563,986
83$2,469,710$0$0$1,624,911
84$2,610,606$0$0$1,718,513
85$2,762,377$0$0$1,819,390
86$2,926,021$0$0$1,928,213
87$3,102,636$0$0$2,045,717
88$3,293,428$0$0$2,172,713
89$3,499,721$0$0$2,310,091
90$3,722,974$0$0$2,458,827
91$3,964,785$0$0$2,619,997
92$4,226,917$0$0$2,794,783
93$4,511,305$0$0$2,984,485
94$4,820,077$0$0$3,190,532
95$5,155,575$0$0$3,414,498
96$5,520,376$0$0$3,658,112
97$5,917,312$0$0$3,923,278
98$6,349,503$0$0$4,212,089
99$6,820,379$0$0$4,526,852
100$7,333,715$0$0$4,870,102