Can I retire at age 63 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$70,523$69,894$69,281$68,683$68,099$65,371
2 years$34,912$34,262$33,632$33,021$32,428$29,714
3 years$23,044$22,391$21,762$21,157$20,574$17,959
4 years$17,110$16,459$15,837$15,242$14,673$12,178
5 years$13,551$12,904$12,290$11,708$11,154$8,785
6 years$11,180$10,537$9,932$9,363$8,826$6,583
7 years$9,486$8,849$8,254$7,697$7,178$5,061
8 years$8,217$7,585$7,000$6,457$5,955$3,962
9 years$7,230$6,605$6,029$5,500$5,015$3,143
10 years$6,441$5,822$5,256$4,741$4,273$2,518
11 years$5,795$5,183$4,628$4,126$3,675$2,033
12 years$5,258$4,652$4,107$3,619$3,185$1,652
13 years$4,804$4,204$3,669$3,195$2,777$1,348
14 years$4,415$3,821$3,297$2,836$2,434$1,104
15 years$4,078$3,491$2,977$2,530$2,143$907
16 years$3,784$3,203$2,699$2,265$1,894$748
17 years$3,524$2,949$2,456$2,035$1,680$617
18 years$3,294$2,725$2,242$1,834$1,493$510
19 years$3,088$2,526$2,052$1,657$1,331$422
20 years$2,902$2,347$1,883$1,501$1,189$350
21 years$2,735$2,186$1,732$1,362$1,064$291
22 years$2,583$2,041$1,597$1,239$954$241
23 years$2,445$1,909$1,474$1,128$856$200
24 years$2,318$1,788$1,363$1,029$770$167
25 years$2,202$1,678$1,263$940$692$139
26 years$2,094$1,577$1,171$859$624$115
27 years$1,995$1,484$1,088$786$562$96
28 years$1,903$1,399$1,011$720$507$80
29 years$1,818$1,320$941$661$458$66
30 years$1,738$1,246$876$606$414$55
31 years$1,664$1,178$817$557$374$46
32 years$1,595$1,115$762$512$339$38
33 years$1,529$1,056$712$471$306$32
34 years$1,468$1,001$665$433$277$27
35 years$1,411$949$622$399$251$22
36 years$1,356$901$582$367$228$18
37 years$1,305$855$544$338$206$15
38 years$1,257$813$510$312$187$13
39 years$1,211$773$478$287$170$11
40 years$1,168$736$448$265$154$9
41 years$1,126$700$420$245$140$7
42 years$1,087$667$394$226$127$6
43 years$1,050$635$369$208$115$5
44 years$1,015$606$347$192$104$4
45 years$981$577$326$178$95$4
46 years$949$551$306$164$86$3
47 years$918$526$287$152$78$2
48 years$889$502$270$140$71$2
49 years$861$479$254$130$64$2
50 years$834$458$239$120$59$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $854,000, adding $6,215 every year, while hoping to spend $28,055 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: 62/21/17 Blend
62$854,000$854,000$854,000$854,000
63$947,519$902,257$889,020$1,001,829
64$1,014,315$916,617$888,952$1,053,492
65$1,086,985$930,741$887,941$1,106,151
66$1,166,097$944,587$885,926$1,162,976
67$1,252,278$958,110$882,844$1,224,375
68$1,346,217$971,265$878,626$1,290,797
69$1,448,674$983,999$873,203$1,362,736
70$1,560,483$996,260$866,500$1,440,739
71$1,682,565$1,007,989$858,440$1,525,407
72$1,815,930$1,019,124$848,941$1,617,404
73$1,961,694$1,029,600$837,919$1,717,463
74$2,121,082$1,039,346$825,285$1,826,389
75$2,295,446$1,048,287$810,946$1,945,073
76$2,486,272$1,056,344$794,803$2,074,497
77$2,695,199$1,063,431$776,756$2,215,742
78$2,924,028$1,069,459$756,697$2,370,003
79$3,174,747$1,074,330$734,514$2,538,594
80$3,449,542$1,077,943$710,091$2,722,969
81$3,750,821$1,080,188$683,305$2,924,726
82$4,081,238$1,080,951$654,029$3,145,630
83$4,443,714$1,080,107$622,128$3,387,628
84$4,841,468$1,077,527$587,465$3,652,865
85$5,278,044$1,073,073$549,891$3,943,707
86$5,757,347$1,066,596$509,255$4,262,763
87$6,283,680$1,057,942$465,398$4,612,910
88$6,861,779$1,046,945$418,153$4,997,319
89$7,496,864$1,033,430$367,345$5,419,488
90$8,194,687$1,017,210$312,794$5,883,273
91$8,961,582$998,090$254,309$6,392,925
92$9,804,528$975,861$191,693$6,953,133
93$10,731,213$950,302$124,738$7,569,065
94$11,750,109$921,179$53,229$8,246,420
95$12,870,548$888,245$0$8,991,479
96$14,102,813$851,238$0$9,815,356
97$15,458,232$809,880$0$10,732,078
98$16,949,287$763,880$0$11,740,440
99$18,589,731$712,926$0$12,849,772
100$20,394,716$656,692$0$14,070,353