Can I retire at age 63 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$73,248$72,595$71,959$71,337$70,731$68,937
2 years$36,261$35,586$34,931$34,297$33,681$31,886
3 years$23,934$23,256$22,603$21,974$21,369$19,628
4 years$17,772$17,095$16,449$15,831$15,240$13,567
5 years$14,075$13,403$12,765$12,160$11,585$9,984
6 years$11,612$10,945$10,316$9,724$9,167$7,640
7 years$9,853$9,191$8,573$7,995$7,455$6,003
8 years$8,534$7,879$7,270$6,707$6,185$4,806
9 years$7,509$6,860$6,262$5,713$5,209$3,902
10 years$6,689$6,047$5,459$4,924$4,438$3,202
11 years$6,019$5,383$4,806$4,286$3,817$2,649
12 years$5,461$4,831$4,265$3,759$3,308$2,207
13 years$4,990$4,366$3,811$3,319$2,884$1,848
14 years$4,585$3,969$3,424$2,946$2,528$1,555
15 years$4,236$3,625$3,092$2,627$2,226$1,313
16 years$3,930$3,326$2,803$2,352$1,967$1,111
17 years$3,660$3,063$2,551$2,114$1,745$943
18 years$3,421$2,831$2,328$1,905$1,551$802
19 years$3,207$2,623$2,131$1,721$1,383$684
20 years$3,015$2,438$1,956$1,559$1,235$583
21 years$2,841$2,271$1,799$1,415$1,105$498
22 years$2,683$2,120$1,658$1,286$991$426
23 years$2,539$1,983$1,531$1,172$889$365
24 years$2,408$1,857$1,416$1,068$799$313
25 years$2,287$1,743$1,312$976$719$268
26 years$2,175$1,638$1,216$892$648$230
27 years$2,072$1,542$1,130$817$584$197
28 years$1,977$1,453$1,050$748$527$169
29 years$1,888$1,371$977$686$476$145
30 years$1,806$1,294$910$630$430$125
31 years$1,728$1,224$849$578$389$107
32 years$1,656$1,158$792$532$352$92
33 years$1,588$1,096$739$489$318$79
34 years$1,525$1,039$691$450$288$68
35 years$1,465$986$646$414$261$59
36 years$1,409$936$604$381$236$50
37 years$1,356$889$565$351$214$43
38 years$1,305$844$529$324$194$37
39 years$1,258$803$496$299$176$32
40 years$1,213$764$465$275$160$28
41 years$1,170$727$436$254$145$24
42 years$1,129$693$409$234$132$20
43 years$1,091$660$384$216$119$18
44 years$1,054$629$360$200$108$15
45 years$1,019$600$338$185$98$13
46 years$985$572$318$170$89$11
47 years$954$546$298$158$81$10
48 years$923$521$280$146$74$8
49 years$894$498$264$135$67$7
50 years$866$476$248$124$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $887,000, adding $5,179 every year, while hoping to spend $20,683 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: 23/48/29 Blend
62$887,000$887,000$887,000$887,000
63$982,816$935,805$922,057$996,353
64$1,061,057$959,653$930,939$1,032,404
65$1,146,585$983,976$939,426$1,068,912
66$1,240,122$1,008,776$947,482$1,107,562
67$1,342,462$1,034,054$955,070$1,148,545
68$1,454,480$1,059,809$962,152$1,192,071
69$1,577,139$1,086,042$968,686$1,238,372
70$1,711,499$1,112,751$974,629$1,287,703
71$1,858,730$1,139,933$979,937$1,340,345
72$2,020,117$1,167,586$984,561$1,396,609
73$2,197,077$1,195,706$988,452$1,456,836
74$2,391,170$1,224,287$991,557$1,521,405
75$2,604,115$1,253,323$993,820$1,590,730
76$2,837,806$1,282,807$995,184$1,665,271
77$3,094,328$1,312,730$995,588$1,745,534
78$3,375,978$1,343,082$994,968$1,832,077
79$3,685,285$1,373,851$993,258$1,925,515
80$4,025,038$1,405,024$990,386$2,026,527
81$4,398,308$1,436,585$986,279$2,135,861
82$4,808,476$1,468,519$980,861$2,254,344
83$5,259,270$1,500,806$974,049$2,382,887
84$5,754,795$1,533,425$965,759$2,522,493
85$6,299,576$1,566,354$955,903$2,674,273
86$6,898,594$1,599,567$944,387$2,839,447
87$7,557,340$1,633,035$931,114$3,019,364
88$8,281,864$1,666,729$915,982$3,215,513
89$9,078,830$1,700,615$898,883$3,429,532
90$9,955,581$1,734,656$879,706$3,663,231
91$10,920,209$1,768,812$858,335$3,918,607
92$11,981,627$1,803,041$834,646$4,197,859
93$13,149,657$1,837,294$808,511$4,503,416
94$14,435,123$1,871,523$779,797$4,837,956
95$15,849,949$1,905,670$748,363$5,204,430
96$17,407,273$1,939,678$714,063$5,606,095
97$19,121,575$1,973,482$676,744$6,046,544
98$21,008,806$2,007,013$636,246$6,529,737
99$23,086,545$2,040,198$592,401$7,060,042
100$25,374,162$2,072,956$545,034$7,642,275