Can I retire at age 63 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$70,853$70,222$69,606$69,005$68,418$66,737
2 years$35,076$34,422$33,789$33,175$32,580$30,897
3 years$23,151$22,495$21,864$21,256$20,670$19,037
4 years$17,191$16,537$15,911$15,314$14,742$13,172
5 years$13,615$12,965$12,348$11,762$11,207$9,704
6 years$11,232$10,587$9,979$9,406$8,867$7,434
7 years$9,531$8,891$8,293$7,734$7,212$5,847
8 years$8,255$7,621$7,033$6,487$5,983$4,687
9 years$7,264$6,635$6,057$5,526$5,038$3,810
10 years$6,471$5,849$5,281$4,763$4,293$3,130
11 years$5,823$5,207$4,649$4,146$3,692$2,593
12 years$5,283$4,673$4,126$3,636$3,199$2,163
13 years$4,826$4,223$3,686$3,210$2,790$1,814
14 years$4,436$3,839$3,312$2,850$2,446$1,528
15 years$4,097$3,507$2,990$2,541$2,153$1,292
16 years$3,801$3,218$2,711$2,276$1,903$1,095
17 years$3,541$2,963$2,467$2,045$1,687$931
18 years$3,309$2,738$2,252$1,843$1,500$793
19 years$3,102$2,538$2,062$1,665$1,337$677
20 years$2,916$2,358$1,892$1,508$1,195$578
21 years$2,748$2,197$1,740$1,369$1,069$495
22 years$2,595$2,050$1,604$1,244$958$424
23 years$2,456$1,918$1,481$1,133$860$363
24 years$2,329$1,797$1,370$1,034$773$312
25 years$2,212$1,686$1,269$944$696$268
26 years$2,104$1,585$1,177$863$627$230
27 years$2,005$1,491$1,093$790$565$198
28 years$1,912$1,405$1,016$724$510$170
29 years$1,826$1,326$945$664$460$146
30 years$1,747$1,252$880$609$416$126
31 years$1,672$1,184$821$559$376$108
32 years$1,602$1,120$766$514$340$93
33 years$1,537$1,061$715$473$308$80
34 years$1,475$1,005$668$435$279$69
35 years$1,417$953$625$400$252$60
36 years$1,363$905$584$369$229$51
37 years$1,311$859$547$340$207$44
38 years$1,263$817$512$313$188$38
39 years$1,217$777$480$289$170$33
40 years$1,173$739$450$266$155$28
41 years$1,132$703$422$246$140$24
42 years$1,092$670$396$227$127$21
43 years$1,055$638$371$209$115$18
44 years$1,019$608$348$193$105$16
45 years$986$580$327$179$95$13
46 years$953$553$307$165$86$12
47 years$922$528$289$152$78$10
48 years$893$504$271$141$71$9
49 years$865$482$255$130$65$7
50 years$838$460$240$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $858,000, adding $6,296 every year, while hoping to spend $58,855 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: 57/25/18 Blend
62$858,000$858,000$858,000$858,000
63$952,010$906,536$893,237$1,001,408
64$986,494$888,335$860,540$1,017,494
65$1,022,523$867,270$824,774$1,028,098
66$1,060,191$843,138$785,775$1,038,331
67$1,099,604$815,724$743,371$1,048,170
68$1,140,871$784,802$697,382$1,057,593
69$1,184,114$750,132$647,619$1,066,577
70$1,229,465$711,460$593,885$1,075,101
71$1,277,066$668,517$535,976$1,083,148
72$1,327,071$621,018$473,675$1,090,699
73$1,379,649$568,664$406,760$1,097,741
74$1,434,981$511,138$334,995$1,104,260
75$1,493,268$448,102$258,136$1,110,248
76$1,554,726$379,203$175,927$1,115,702
77$1,619,590$304,067$88,103$1,120,622
78$1,688,118$222,296$0$1,125,015
79$1,760,591$133,473$0$1,129,972
80$1,837,316$37,158$0$1,152,562
81$1,918,626$0$0$1,175,935
82$2,004,888$0$0$1,218,655
83$2,096,501$0$0$1,274,919
84$2,193,903$0$0$1,334,779
85$2,297,572$0$0$1,398,533
86$2,408,032$0$0$1,466,511
87$2,525,856$0$0$1,539,070
88$2,651,673$0$0$1,616,603
89$2,786,171$0$0$1,699,542
90$2,930,104$0$0$1,788,360
91$3,084,301$0$0$1,883,574
92$3,249,668$0$0$1,985,753
93$3,427,202$0$0$2,095,521
94$3,617,995$0$0$2,213,563
95$3,823,248$0$0$2,340,631
96$4,044,277$0$0$2,477,550
97$4,282,530$0$0$2,625,227
98$4,539,595$0$0$2,784,659
99$4,817,219$0$0$2,956,940
100$5,117,320$0$0$3,143,273