Can I retire at age 63 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$71,018$70,385$69,768$69,166$68,578$67,303
2 years$35,157$34,503$33,868$33,253$32,656$31,377
3 years$23,205$22,548$21,915$21,305$20,718$19,474
4 years$17,231$16,575$15,948$15,349$14,776$13,577
5 years$13,647$12,995$12,377$11,790$11,233$10,081
6 years$11,258$10,611$10,002$9,428$8,888$7,786
7 years$9,553$8,911$8,312$7,752$7,228$6,176
8 years$8,274$7,639$7,049$6,503$5,997$4,994
9 years$7,280$6,651$6,071$5,539$5,050$4,096
10 years$6,486$5,862$5,293$4,774$4,303$3,397
11 years$5,836$5,219$4,660$4,155$3,701$2,841
12 years$5,295$4,684$4,136$3,645$3,207$2,393
13 years$4,838$4,233$3,695$3,218$2,796$2,027
14 years$4,446$3,848$3,320$2,856$2,451$1,725
15 years$4,107$3,515$2,997$2,547$2,158$1,474
16 years$3,810$3,225$2,718$2,281$1,908$1,263
17 years$3,549$2,970$2,473$2,049$1,691$1,085
18 years$3,317$2,745$2,257$1,847$1,504$935
19 years$3,109$2,544$2,067$1,669$1,340$806
20 years$2,923$2,364$1,897$1,511$1,197$697
21 years$2,754$2,202$1,745$1,372$1,071$603
22 years$2,601$2,055$1,608$1,247$960$523
23 years$2,462$1,922$1,485$1,136$862$454
24 years$2,334$1,801$1,373$1,036$775$394
25 years$2,217$1,690$1,272$946$697$342
26 years$2,109$1,588$1,179$865$628$298
27 years$2,009$1,495$1,095$792$566$259
28 years$1,917$1,409$1,018$725$511$225
29 years$1,831$1,329$947$665$461$196
30 years$1,751$1,255$882$611$417$171
31 years$1,676$1,186$823$561$377$149
32 years$1,606$1,123$768$515$341$130
33 years$1,540$1,063$717$474$309$113
34 years$1,479$1,008$670$436$279$99
35 years$1,421$956$626$401$253$86
36 years$1,366$907$586$370$229$75
37 years$1,314$861$548$341$208$66
38 years$1,266$819$513$314$188$57
39 years$1,219$779$481$289$171$50
40 years$1,176$741$451$267$155$44
41 years$1,134$705$423$246$141$38
42 years$1,095$671$397$227$128$33
43 years$1,057$640$372$210$116$29
44 years$1,022$610$349$194$105$25
45 years$988$582$328$179$95$22
46 years$955$555$308$165$87$19
47 years$925$529$289$153$79$17
48 years$895$505$272$141$71$15
49 years$867$483$256$130$65$13
50 years$840$461$240$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $860,000, adding $4,755 every year, while hoping to spend $37,418 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$860,000$860,000$860,000$860,000
63$952,625$907,045$893,715$1,007,317
64$1,009,980$911,678$883,842$1,049,333
65$1,071,931$915,283$872,384$1,090,541
66$1,138,908$917,772$859,249$1,134,645
67$1,211,382$919,048$844,339$1,181,930
68$1,289,873$919,011$827,553$1,232,709
69$1,374,949$917,552$808,786$1,287,330
70$1,467,239$914,557$787,925$1,346,178
71$1,567,431$909,904$764,855$1,409,675
72$1,676,286$903,466$739,454$1,478,291
73$1,794,636$895,104$711,594$1,552,543
74$1,923,400$884,676$681,144$1,633,003
75$2,063,587$872,026$647,963$1,720,304
76$2,216,310$856,992$611,907$1,815,144
77$2,382,791$839,402$572,823$1,918,293
78$2,564,377$819,073$530,553$2,030,603
79$2,762,548$795,813$484,932$2,153,015
80$2,978,935$769,415$435,785$2,286,568
81$3,215,335$739,664$382,931$2,432,409
82$3,473,722$706,331$326,182$2,591,804
83$3,756,273$669,172$265,341$2,766,153
84$4,065,383$627,933$200,201$2,956,999
85$4,403,691$582,340$130,546$3,166,048
86$4,774,101$532,108$56,153$3,395,181
87$5,179,812$476,934$0$3,646,476
88$5,624,345$416,496$0$3,926,443
89$6,111,581$350,458$0$4,244,540
90$6,645,793$278,460$0$4,593,411
91$7,231,685$200,126$0$4,976,189
92$7,874,440$115,056$0$5,396,325
93$8,579,768$22,828$0$5,857,629
94$9,353,957$0$0$6,364,297
95$10,203,933$0$0$6,938,752
96$11,137,327$0$0$7,575,445
97$12,162,543$0$0$8,274,842
98$13,288,842$0$0$9,043,269
99$14,526,424$0$0$9,887,694
100$15,886,525$0$0$10,815,793