Can I retire at age 63 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$71,101$70,467$69,849$69,246$68,657$67,244
2 years$35,198$34,543$33,907$33,291$32,694$31,276
3 years$23,232$22,574$21,940$21,330$20,742$19,365
4 years$17,251$16,594$15,967$15,367$14,794$13,467
5 years$13,663$13,010$12,391$11,803$11,246$9,973
6 years$11,271$10,624$10,014$9,439$8,898$7,682
7 years$9,564$8,922$8,322$7,761$7,237$6,076
8 years$8,284$7,648$7,057$6,510$6,004$4,899
9 years$7,289$6,659$6,078$5,545$5,056$4,006
10 years$6,493$5,869$5,299$4,780$4,308$3,312
11 years$5,843$5,225$4,665$4,160$3,705$2,762
12 years$5,301$4,690$4,140$3,649$3,211$2,319
13 years$4,843$4,238$3,699$3,221$2,800$1,957
14 years$4,451$3,852$3,324$2,860$2,454$1,660
15 years$4,111$3,519$3,001$2,550$2,161$1,413
16 years$3,815$3,229$2,721$2,284$1,910$1,207
17 years$3,553$2,974$2,476$2,052$1,693$1,033
18 years$3,321$2,748$2,260$1,849$1,506$887
19 years$3,113$2,547$2,069$1,671$1,342$762
20 years$2,926$2,366$1,899$1,513$1,199$656
21 years$2,758$2,204$1,747$1,373$1,073$566
22 years$2,605$2,058$1,610$1,249$962$489
23 years$2,465$1,924$1,486$1,137$863$422
24 years$2,337$1,803$1,375$1,037$776$365
25 years$2,220$1,692$1,273$947$698$316
26 years$2,112$1,590$1,181$866$629$274
27 years$2,012$1,497$1,096$793$567$237
28 years$1,919$1,410$1,019$726$512$206
29 years$1,833$1,330$949$666$462$178
30 years$1,753$1,256$884$611$417$155
31 years$1,678$1,188$824$561$377$134
32 years$1,608$1,124$769$516$341$117
33 years$1,542$1,064$718$474$309$101
34 years$1,480$1,009$670$437$280$88
35 years$1,422$957$627$402$253$76
36 years$1,367$908$586$370$230$66
37 years$1,316$862$549$341$208$58
38 years$1,267$820$514$314$189$50
39 years$1,221$779$482$290$171$43
40 years$1,177$742$451$267$155$38
41 years$1,136$706$423$247$141$33
42 years$1,096$672$397$228$128$29
43 years$1,059$641$373$210$116$25
44 years$1,023$611$350$194$105$22
45 years$989$582$328$179$96$19
46 years$957$555$308$165$87$16
47 years$926$530$290$153$79$14
48 years$896$506$272$141$72$12
49 years$868$483$256$131$65$11
50 years$841$462$241$121$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $861,000, adding $2,059 every year, while hoping to spend $50,595 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: 49/46/5 Blend
62$861,000$861,000$861,000$861,000
63$950,946$905,313$891,967$996,276
64$994,110$895,841$868,016$1,017,927
65$1,039,980$884,208$841,566$1,035,842
66$1,088,781$870,257$812,481$1,054,088
67$1,140,755$853,818$780,617$1,072,708
68$1,196,169$834,712$745,825$1,091,751
69$1,255,315$812,750$707,947$1,111,277
70$1,318,515$787,732$666,821$1,131,353
71$1,386,118$759,446$622,274$1,152,058
72$1,458,510$727,666$574,128$1,173,481
73$1,536,112$692,157$522,196$1,195,728
74$1,619,389$652,665$466,282$1,218,916
75$1,708,847$608,926$406,183$1,243,182
76$1,805,045$560,659$341,686$1,268,680
77$1,908,594$507,566$272,567$1,295,586
78$2,020,168$449,334$198,595$1,324,100
79$2,140,505$385,631$119,528$1,354,449
80$2,270,416$316,107$35,111$1,386,888
81$2,410,792$240,390$0$1,421,706
82$2,562,614$158,090$0$1,462,164
83$2,726,958$68,794$0$1,507,884
84$2,905,009$0$0$1,557,422
85$3,098,067$0$0$1,625,396
86$3,307,566$0$0$1,737,025
87$3,535,078$0$0$1,858,334
88$3,782,335$0$0$1,990,256
89$4,051,244$0$0$2,133,819
90$4,343,898$0$0$2,290,153
91$4,662,606$0$0$2,460,501
92$5,009,904$0$0$2,646,233
93$5,388,586$0$0$2,848,855
94$5,801,725$0$0$3,070,024
95$6,252,704$0$0$3,311,566
96$6,745,248$0$0$3,575,490
97$7,283,457$0$0$3,864,007
98$7,871,844$0$0$4,179,554
99$8,515,379$0$0$4,524,811
100$9,219,534$0$0$4,902,730