Can I retire at age 63 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$70,770$70,140$69,525$68,925$68,338$67,851
2 years$35,035$34,382$33,750$33,137$32,542$32,050
3 years$23,125$22,469$21,838$21,231$20,646$20,166
4 years$17,171$16,517$15,893$15,296$14,725$14,259
5 years$13,599$12,950$12,333$11,749$11,194$10,744
6 years$11,219$10,574$9,967$9,395$8,857$8,425
7 years$9,519$8,880$8,283$7,725$7,203$6,788
8 years$8,245$7,612$7,025$6,480$5,976$5,577
9 years$7,255$6,628$6,050$5,519$5,032$4,651
10 years$6,463$5,842$5,275$4,758$4,288$3,923
11 years$5,816$5,201$4,644$4,141$3,688$3,339
12 years$5,277$4,668$4,121$3,632$3,196$2,863
13 years$4,821$4,218$3,682$3,206$2,787$2,470
14 years$4,430$3,834$3,308$2,846$2,443$2,142
15 years$4,092$3,503$2,987$2,538$2,151$1,865
16 years$3,797$3,214$2,708$2,273$1,901$1,629
17 years$3,536$2,960$2,464$2,042$1,686$1,428
18 years$3,305$2,735$2,250$1,840$1,499$1,255
19 years$3,098$2,535$2,059$1,663$1,336$1,105
20 years$2,913$2,355$1,890$1,506$1,193$975
21 years$2,745$2,194$1,738$1,367$1,068$862
22 years$2,592$2,048$1,602$1,243$957$763
23 years$2,453$1,915$1,479$1,132$859$676
24 years$2,326$1,795$1,368$1,032$772$600
25 years$2,209$1,684$1,267$943$695$533
26 years$2,102$1,583$1,175$862$626$474
27 years$2,002$1,490$1,091$789$564$421
28 years$1,910$1,404$1,015$723$509$375
29 years$1,824$1,324$944$663$460$334
30 years$1,744$1,251$879$608$415$298
31 years$1,670$1,182$820$559$376$266
32 years$1,600$1,119$765$514$340$237
33 years$1,535$1,059$714$472$307$212
34 years$1,473$1,004$667$435$278$189
35 years$1,416$952$624$400$252$169
36 years$1,361$904$584$368$228$151
37 years$1,310$858$546$339$207$135
38 years$1,261$816$512$313$188$120
39 years$1,215$776$479$288$170$108
40 years$1,172$738$449$266$154$96
41 years$1,130$703$421$245$140$86
42 years$1,091$669$395$227$127$77
43 years$1,054$638$371$209$115$69
44 years$1,018$608$348$193$105$61
45 years$984$580$327$178$95$55
46 years$952$553$307$165$86$49
47 years$921$528$288$152$78$44
48 years$892$504$271$141$71$39
49 years$864$481$255$130$65$35
50 years$837$459$239$120$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $857,000, adding $5,367 every year, while hoping to spend $38,235 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: 63/13/24 Blend
62$857,000$857,000$857,000$857,000
63$949,950$904,529$891,246$1,003,492
64$1,006,163$908,169$880,421$1,043,966
65$1,066,829$910,706$867,951$1,083,437
66$1,132,360$912,046$853,743$1,125,696
67$1,203,212$912,088$837,695$1,171,018
68$1,279,885$910,725$819,702$1,219,711
69$1,362,928$907,845$799,657$1,272,113
70$1,452,944$903,327$777,443$1,328,600
71$1,550,599$897,044$752,942$1,389,585
72$1,656,622$888,862$726,027$1,455,526
73$1,771,817$878,636$696,569$1,526,929
74$1,897,068$866,214$664,430$1,604,353
75$2,033,347$851,437$629,466$1,688,417
76$2,181,724$834,133$591,529$1,779,801
77$2,343,377$814,122$550,462$1,879,261
78$2,519,600$791,213$506,101$1,987,629
79$2,711,820$765,203$458,276$2,105,826
80$2,921,605$735,878$406,808$2,234,867
81$3,150,684$703,011$351,511$2,375,875
82$3,400,957$666,362$292,191$2,530,089
83$3,674,519$625,678$228,644$2,698,878
84$3,973,675$580,691$160,658$2,883,753
85$4,300,961$531,116$88,011$3,086,382
86$4,659,173$476,655$10,473$3,308,608
87$5,051,387$416,989$0$3,552,464
88$5,480,991$351,784$0$3,838,701
89$5,951,718$280,687$0$4,155,356
90$6,467,676$203,324$0$4,502,543
91$7,033,391$119,300$0$4,883,353
92$7,653,850$28,197$0$5,301,187
93$8,334,540$0$0$5,759,797
94$9,081,512$0$0$6,273,393
95$9,901,425$0$0$6,841,632
96$10,801,618$0$0$7,465,575
97$11,790,173$0$0$8,150,833
98$12,875,995$0$0$8,903,585
99$14,068,892$0$0$9,730,641
100$15,379,670$0$0$10,639,502