Can I retire at age 63 with 886,000?

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 $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%12.5%
1 years$73,165$72,513$71,877$71,257$70,651$69,913
2 years$36,220$35,546$34,892$34,258$33,643$32,900
3 years$23,907$23,230$22,577$21,950$21,345$20,620
4 years$17,752$17,076$16,431$15,813$15,223$14,521
5 years$14,059$13,388$12,751$12,146$11,572$10,896
6 years$11,599$10,932$10,305$9,713$9,157$8,507
7 years$9,842$9,181$8,563$7,986$7,447$6,824
8 years$8,524$7,870$7,262$6,699$6,178$5,581
9 years$7,501$6,852$6,255$5,706$5,203$4,632
10 years$6,682$6,040$5,453$4,919$4,433$3,889
11 years$6,013$5,377$4,801$4,281$3,813$3,294
12 years$5,455$4,826$4,261$3,755$3,304$2,810
13 years$4,984$4,361$3,807$3,315$2,881$2,412
14 years$4,580$3,964$3,420$2,943$2,526$2,080
15 years$4,231$3,621$3,088$2,624$2,224$1,801
16 years$3,925$3,323$2,800$2,350$1,965$1,565
17 years$3,656$3,060$2,548$2,111$1,743$1,364
18 years$3,417$2,828$2,326$1,903$1,549$1,192
19 years$3,203$2,621$2,129$1,719$1,381$1,044
20 years$3,011$2,435$1,954$1,557$1,234$916
21 years$2,838$2,268$1,797$1,413$1,104$804
22 years$2,680$2,117$1,656$1,285$989$708
23 years$2,536$1,980$1,529$1,170$888$624
24 years$2,405$1,855$1,414$1,067$798$550
25 years$2,284$1,741$1,310$975$718$485
26 years$2,173$1,636$1,215$891$647$429
27 years$2,070$1,540$1,128$816$583$379
28 years$1,975$1,451$1,049$747$526$335
29 years$1,886$1,369$976$685$475$297
30 years$1,804$1,293$909$629$430$263
31 years$1,726$1,222$848$578$388$233
32 years$1,654$1,156$791$531$351$206
33 years$1,587$1,095$738$488$318$183
34 years$1,523$1,038$690$449$288$162
35 years$1,463$985$645$414$261$144
36 years$1,407$934$603$381$236$128
37 years$1,354$888$565$351$214$113
38 years$1,304$843$529$323$194$101
39 years$1,256$802$496$298$176$89
40 years$1,211$763$464$275$160$79
41 years$1,169$726$435$254$145$70
42 years$1,128$692$409$234$131$63
43 years$1,089$659$383$216$119$56
44 years$1,053$628$360$200$108$49
45 years$1,018$599$338$184$98$44
46 years$984$572$317$170$89$39
47 years$952$545$298$157$81$35
48 years$922$521$280$145$74$31
49 years$893$497$263$134$67$27
50 years$865$475$248$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $886,000, adding $4,503 every year, while hoping to spend $38,110 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: 52/28/20 Blend
62$886,000$886,000$886,000$886,000
63$981,017$934,059$920,326$1,026,404
64$1,040,532$939,279$910,608$1,063,353
65$1,104,840$943,478$899,287$1,099,191
66$1,174,390$946,564$886,270$1,137,359
67$1,249,675$948,444$871,457$1,178,090
68$1,331,238$949,013$854,747$1,221,645
69$1,419,674$948,164$836,030$1,268,310
70$1,515,639$945,782$815,196$1,318,406
71$1,619,853$941,745$792,124$1,372,283
72$1,733,111$935,923$766,693$1,430,334
73$1,856,284$928,179$738,773$1,492,992
74$1,990,332$918,367$708,229$1,560,735
75$2,136,311$906,332$674,920$1,634,095
76$2,295,383$891,911$638,698$1,713,659
77$2,468,828$874,930$599,410$1,800,078
78$2,658,052$855,206$556,894$1,894,070
79$2,864,606$832,543$510,982$1,996,432
80$3,090,194$806,736$461,499$2,108,044
81$3,336,694$777,567$408,259$2,229,880
82$3,606,173$744,804$351,072$2,363,018
83$3,900,907$708,203$289,737$2,508,648
84$4,223,401$667,507$224,045$2,668,087
85$4,576,415$622,441$153,777$2,842,791
86$4,962,986$572,718$78,705$3,034,370
87$5,386,460$518,030$0$3,244,601
88$5,850,522$458,057$0$3,475,751
89$6,359,230$392,456$0$3,747,634
90$6,917,052$320,867$0$4,045,892
91$7,528,911$242,910$0$4,373,233
92$8,200,229$158,181$0$4,732,645
93$8,936,978$66,258$0$5,127,426
94$9,745,735$0$0$5,561,213
95$10,633,747$0$0$6,048,282
96$11,608,995$0$0$6,605,712
97$12,680,273$0$0$7,218,126
98$13,857,267$0$0$7,891,073
99$15,150,647$0$0$8,630,666
100$16,572,171$0$0$9,443,641