Can I retire at age 63 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$70,440$69,813$69,200$68,603$68,019$66,920
2 years$34,871$34,222$33,592$32,982$32,390$31,286
3 years$23,017$22,364$21,737$21,132$20,550$19,474
4 years$17,090$16,440$15,819$15,224$14,656$13,618
5 years$13,536$12,889$12,276$11,694$11,141$10,144
6 years$11,167$10,525$9,921$9,352$8,816$7,860
7 years$9,475$8,839$8,244$7,688$7,170$6,256
8 years$8,207$7,577$6,992$6,450$5,948$5,076
9 years$7,221$6,597$6,022$5,494$5,009$4,178
10 years$6,433$5,815$5,250$4,736$4,268$3,478
11 years$5,789$5,177$4,622$4,121$3,671$2,920
12 years$5,252$4,646$4,102$3,615$3,181$2,469
13 years$4,798$4,199$3,665$3,192$2,774$2,100
14 years$4,410$3,817$3,293$2,833$2,431$1,794
15 years$4,073$3,487$2,973$2,527$2,141$1,539
16 years$3,779$3,199$2,696$2,262$1,892$1,324
17 years$3,520$2,946$2,453$2,033$1,678$1,143
18 years$3,290$2,722$2,239$1,832$1,492$989
19 years$3,084$2,523$2,050$1,655$1,330$857
20 years$2,899$2,344$1,881$1,499$1,188$744
21 years$2,732$2,184$1,730$1,361$1,063$647
22 years$2,580$2,038$1,595$1,237$953$563
23 years$2,442$1,907$1,472$1,127$855$491
24 years$2,315$1,786$1,362$1,028$769$428
25 years$2,199$1,676$1,261$938$692$374
26 years$2,092$1,575$1,170$858$623$327
27 years$1,993$1,483$1,086$785$562$285
28 years$1,901$1,397$1,010$720$507$250
29 years$1,816$1,318$940$660$458$219
30 years$1,736$1,245$875$606$414$191
31 years$1,662$1,177$816$556$374$168
32 years$1,593$1,113$761$511$338$147
33 years$1,528$1,054$711$470$306$129
34 years$1,466$999$664$432$277$113
35 years$1,409$948$621$398$251$99
36 years$1,355$900$581$367$227$87
37 years$1,304$854$544$338$206$76
38 years$1,255$812$509$311$187$67
39 years$1,210$772$477$287$169$58
40 years$1,166$735$447$265$154$51
41 years$1,125$699$419$244$139$45
42 years$1,086$666$393$225$127$39
43 years$1,049$635$369$208$115$35
44 years$1,013$605$346$192$104$30
45 years$980$577$325$177$95$27
46 years$948$550$306$164$86$23
47 years$917$525$287$151$78$21
48 years$888$501$270$140$71$18
49 years$860$479$254$129$64$16
50 years$833$457$238$120$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $853,000, adding $5,416 every year, while hoping to spend $48,655 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: 82/13/5 Blend
62$853,000$853,000$853,000$853,000
63$945,593$900,384$887,162$1,022,593
64$990,275$892,734$865,113$1,066,045
65$1,037,883$883,079$840,696$1,106,637
66$1,088,666$871,268$813,778$1,149,679
67$1,142,894$857,144$784,223$1,195,387
68$1,200,863$840,538$751,888$1,243,999
69$1,262,898$821,272$716,624$1,295,776
70$1,329,358$799,158$678,275$1,351,009
71$1,400,631$773,996$636,676$1,410,014
72$1,477,149$745,575$591,658$1,473,142
73$1,559,382$713,671$543,042$1,540,779
74$1,647,846$678,049$490,641$1,613,351
75$1,743,110$638,457$434,262$1,691,327
76$1,845,798$594,632$373,700$1,775,224
77$1,956,593$546,293$308,743$1,865,611
78$2,076,249$493,145$239,169$1,963,118
79$2,205,593$434,875$164,748$2,068,437
80$2,345,533$371,154$85,237$2,182,333
81$2,497,069$301,632$383$2,305,646
82$2,661,299$225,940$0$2,439,307
83$2,839,430$143,690$0$2,589,151
84$3,032,790$54,470$0$2,751,830
85$3,242,842$0$0$2,928,586
86$3,471,190$0$0$3,126,837
87$3,719,605$0$0$3,351,003
88$3,990,029$0$0$3,595,049
89$4,284,604$0$0$3,860,908
90$4,605,685$0$0$4,150,709
91$4,955,864$0$0$4,466,792
92$5,337,994$0$0$4,811,737
93$5,755,214$0$0$5,188,379
94$6,210,983$0$0$5,599,844
95$6,709,105$0$0$6,049,569
96$7,253,771$0$0$6,541,340
97$7,849,593$0$0$7,079,324
98$8,501,651$0$0$7,668,113
99$9,215,538$0$0$8,312,759
100$9,997,414$0$0$9,018,827