Can I retire at age 63 with 886,000?

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 $886,000?

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$73,165$72,513$71,877$71,257$70,651$70,265
2 years$36,220$35,546$34,892$34,258$33,643$33,253
3 years$23,907$23,230$22,577$21,950$21,345$20,963
4 years$17,752$17,076$16,431$15,813$15,223$14,853
5 years$14,059$13,388$12,751$12,146$11,572$11,215
6 years$11,599$10,932$10,305$9,713$9,157$8,813
7 years$9,842$9,181$8,563$7,986$7,447$7,116
8 years$8,524$7,870$7,262$6,699$6,178$5,860
9 years$7,501$6,852$6,255$5,706$5,203$4,898
10 years$6,682$6,040$5,453$4,919$4,433$4,142
11 years$6,013$5,377$4,801$4,281$3,813$3,534
12 years$5,455$4,826$4,261$3,755$3,304$3,038
13 years$4,984$4,361$3,807$3,315$2,881$2,627
14 years$4,580$3,964$3,420$2,943$2,526$2,284
15 years$4,231$3,621$3,088$2,624$2,224$1,994
16 years$3,925$3,323$2,800$2,350$1,965$1,747
17 years$3,656$3,060$2,548$2,111$1,743$1,535
18 years$3,417$2,828$2,326$1,903$1,549$1,353
19 years$3,203$2,621$2,129$1,719$1,381$1,195
20 years$3,011$2,435$1,954$1,557$1,234$1,057
21 years$2,838$2,268$1,797$1,413$1,104$937
22 years$2,680$2,117$1,656$1,285$989$832
23 years$2,536$1,980$1,529$1,170$888$740
24 years$2,405$1,855$1,414$1,067$798$658
25 years$2,284$1,741$1,310$975$718$587
26 years$2,173$1,636$1,215$891$647$523
27 years$2,070$1,540$1,128$816$583$467
28 years$1,975$1,451$1,049$747$526$417
29 years$1,886$1,369$976$685$475$373
30 years$1,804$1,293$909$629$430$333
31 years$1,726$1,222$848$578$388$298
32 years$1,654$1,156$791$531$351$267
33 years$1,587$1,095$738$488$318$239
34 years$1,523$1,038$690$449$288$214
35 years$1,463$985$645$414$261$192
36 years$1,407$934$603$381$236$172
37 years$1,354$888$565$351$214$154
38 years$1,304$843$529$323$194$138
39 years$1,256$802$496$298$176$124
40 years$1,211$763$464$275$160$111
41 years$1,169$726$435$254$145$100
42 years$1,128$692$409$234$131$90
43 years$1,089$659$383$216$119$80
44 years$1,053$628$360$200$108$72
45 years$1,018$599$338$184$98$65
46 years$984$572$317$170$89$58
47 years$952$545$298$157$81$52
48 years$922$521$280$145$74$47
49 years$893$497$263$134$67$42
50 years$865$475$248$124$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $886,000, adding $4,061 every year, while hoping to spend $28,471 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: 52/24/24 Blend
62$886,000$886,000$886,000$886,000
63$980,561$933,603$919,870$1,024,804
64$1,050,285$949,057$920,393$1,071,291
65$1,126,167$964,313$919,979$1,118,582
66$1,208,805$979,333$918,566$1,169,439
67$1,298,856$994,074$916,092$1,224,214
68$1,397,045$1,008,489$912,487$1,283,291
69$1,504,170$1,022,531$907,681$1,347,100
70$1,621,107$1,036,146$901,600$1,416,110
71$1,748,822$1,049,280$894,165$1,490,842
72$1,888,378$1,061,871$885,296$1,571,869
73$2,040,946$1,073,856$874,907$1,659,827
74$2,207,814$1,085,167$862,909$1,755,412
75$2,390,402$1,095,731$849,207$1,859,398
76$2,590,272$1,105,471$833,704$1,972,636
77$2,809,144$1,114,303$816,297$2,096,065
78$3,048,913$1,122,140$796,879$2,230,723
79$3,311,665$1,128,888$775,338$2,377,754
80$3,599,698$1,134,447$751,555$2,538,420
81$3,915,544$1,138,711$725,409$2,714,114
82$4,261,989$1,141,568$696,770$2,906,374
83$4,642,104$1,142,896$665,503$3,116,896
84$5,059,270$1,142,570$631,470$3,347,550
85$5,517,213$1,140,453$594,521$3,600,402
86$6,020,036$1,136,403$554,505$3,877,727
87$6,572,259$1,130,266$511,260$4,182,039
88$7,178,862$1,121,881$464,619$4,516,109
89$7,845,329$1,111,076$414,407$4,882,993
90$8,577,704$1,097,671$360,441$5,286,063
91$9,382,644$1,081,471$302,530$5,729,039
92$10,267,483$1,062,272$240,475$6,216,022
93$11,240,302$1,039,859$174,066$6,751,537
94$12,310,003$1,014,002$103,087$7,340,574
95$13,486,393$984,459$27,311$7,988,636
96$14,780,280$950,972$0$8,701,791
97$16,203,569$913,270$0$9,500,449
98$17,769,378$871,065$0$10,386,629
99$19,492,160$824,053$0$11,361,537
100$21,387,841$771,912$0$12,434,216