Can I retire at age 63 with 887,000?

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 $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%13.3%
1 years$73,248$72,595$71,959$71,337$70,731$69,760
2 years$36,261$35,586$34,931$34,297$33,681$32,705
3 years$23,934$23,256$22,603$21,974$21,369$20,417
4 years$17,772$17,095$16,449$15,831$15,240$14,321
5 years$14,075$13,403$12,765$12,160$11,585$10,701
6 years$11,612$10,945$10,316$9,724$9,167$8,319
7 years$9,853$9,191$8,573$7,995$7,455$6,643
8 years$8,534$7,879$7,270$6,707$6,185$5,409
9 years$7,509$6,860$6,262$5,713$5,209$4,468
10 years$6,689$6,047$5,459$4,924$4,438$3,732
11 years$6,019$5,383$4,806$4,286$3,817$3,146
12 years$5,461$4,831$4,265$3,759$3,308$2,670
13 years$4,990$4,366$3,811$3,319$2,884$2,280
14 years$4,585$3,969$3,424$2,946$2,528$1,956
15 years$4,236$3,625$3,092$2,627$2,226$1,684
16 years$3,930$3,326$2,803$2,352$1,967$1,456
17 years$3,660$3,063$2,551$2,114$1,745$1,262
18 years$3,421$2,831$2,328$1,905$1,551$1,096
19 years$3,207$2,623$2,131$1,721$1,383$954
20 years$3,015$2,438$1,956$1,559$1,235$832
21 years$2,841$2,271$1,799$1,415$1,105$727
22 years$2,683$2,120$1,658$1,286$991$636
23 years$2,539$1,983$1,531$1,172$889$557
24 years$2,408$1,857$1,416$1,068$799$488
25 years$2,287$1,743$1,312$976$719$428
26 years$2,175$1,638$1,216$892$648$376
27 years$2,072$1,542$1,130$817$584$330
28 years$1,977$1,453$1,050$748$527$290
29 years$1,888$1,371$977$686$476$255
30 years$1,806$1,294$910$630$430$224
31 years$1,728$1,224$849$578$389$197
32 years$1,656$1,158$792$532$352$174
33 years$1,588$1,096$739$489$318$153
34 years$1,525$1,039$691$450$288$135
35 years$1,465$986$646$414$261$119
36 years$1,409$936$604$381$236$105
37 years$1,356$889$565$351$214$92
38 years$1,305$844$529$324$194$81
39 years$1,258$803$496$299$176$72
40 years$1,213$764$465$275$160$63
41 years$1,170$727$436$254$145$56
42 years$1,129$693$409$234$132$49
43 years$1,091$660$384$216$119$43
44 years$1,054$629$360$200$108$38
45 years$1,019$600$338$185$98$34
46 years$985$572$318$170$89$30
47 years$954$546$298$158$81$26
48 years$923$521$280$146$74$23
49 years$894$498$264$135$67$20
50 years$866$476$248$124$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $887,000, adding $3,820 every year, while hoping to spend $40,034 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: 66/7/27 Blend
62$887,000$887,000$887,000$887,000
63$981,414$934,403$920,655$1,039,005
64$1,038,923$937,593$908,901$1,081,500
65$1,100,955$939,598$895,411$1,123,107
66$1,167,931$940,316$880,086$1,167,707
67$1,240,311$939,642$862,820$1,215,597
68$1,318,600$937,463$843,502$1,267,105
69$1,403,357$933,658$822,019$1,322,597
70$1,495,191$928,099$798,249$1,382,474
71$1,594,777$920,652$772,066$1,447,181
72$1,702,853$911,173$743,339$1,517,208
73$1,820,234$899,510$711,930$1,593,097
74$1,947,813$885,502$677,696$1,675,448
75$2,086,576$868,977$640,484$1,764,922
76$2,237,605$849,756$600,139$1,862,250
77$2,402,093$827,645$556,496$1,968,238
78$2,581,350$802,444$509,382$2,083,778
79$2,776,820$773,936$458,619$2,209,855
80$2,990,092$741,895$404,018$2,347,553
81$3,222,913$706,080$345,385$2,498,073
82$3,477,209$666,236$282,514$2,662,740
83$3,755,098$622,096$215,192$2,843,014
84$4,058,913$573,374$143,196$3,040,510
85$4,391,223$519,769$66,294$3,257,009
86$4,754,854$460,964$0$3,494,476
87$5,152,921$396,624$0$3,759,626
88$5,588,853$326,392$0$4,070,985
89$6,066,425$249,894$0$4,412,153
90$6,589,796$166,735$0$4,786,125
91$7,163,546$76,496$0$5,196,199
92$7,792,718$0$0$5,646,013
93$8,482,869$0$0$6,141,209
94$9,240,116$0$0$6,691,070
95$10,071,201$0$0$7,294,607
96$10,983,546$0$0$7,957,218
97$11,985,332$0$0$8,684,849
98$13,085,565$0$0$9,484,053
99$14,294,171$0$0$10,362,045
100$15,622,082$0$0$11,326,778