Can I retire at age 63 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$71,596$70,958$70,336$69,729$69,136$67,165
2 years$35,444$34,783$34,144$33,523$32,922$30,952
3 years$23,394$22,731$22,093$21,479$20,887$18,979
4 years$17,371$16,710$16,078$15,474$14,897$13,066
5 years$13,758$13,101$12,477$11,886$11,324$9,575
6 years$11,350$10,698$10,084$9,505$8,961$7,295
7 years$9,631$8,984$8,379$7,815$7,287$5,705
8 years$8,342$7,701$7,106$6,556$6,046$4,546
9 years$7,340$6,705$6,121$5,584$5,091$3,673
10 years$6,539$5,910$5,336$4,813$4,338$2,999
11 years$5,884$5,261$4,698$4,189$3,731$2,469
12 years$5,338$4,722$4,169$3,674$3,233$2,046
13 years$4,877$4,268$3,725$3,244$2,819$1,705
14 years$4,482$3,879$3,347$2,880$2,471$1,426
15 years$4,140$3,544$3,022$2,568$2,176$1,197
16 years$3,841$3,251$2,740$2,299$1,923$1,008
17 years$3,578$2,994$2,493$2,066$1,705$850
18 years$3,344$2,767$2,276$1,862$1,516$719
19 years$3,135$2,564$2,083$1,682$1,351$609
20 years$2,947$2,383$1,912$1,524$1,207$517
21 years$2,777$2,220$1,759$1,383$1,080$439
22 years$2,623$2,072$1,621$1,257$968$373
23 years$2,482$1,938$1,497$1,145$869$317
24 years$2,353$1,816$1,384$1,044$781$270
25 years$2,235$1,704$1,282$954$703$230
26 years$2,126$1,601$1,189$872$633$196
27 years$2,026$1,507$1,104$798$571$167
28 years$1,932$1,420$1,026$731$515$142
29 years$1,846$1,340$955$671$465$122
30 years$1,765$1,265$890$616$420$104
31 years$1,689$1,196$829$565$380$89
32 years$1,619$1,132$774$520$344$76
33 years$1,553$1,072$723$478$311$65
34 years$1,491$1,016$675$440$282$55
35 years$1,432$963$631$405$255$47
36 years$1,377$914$590$373$231$40
37 years$1,325$868$553$343$209$34
38 years$1,276$825$518$316$190$29
39 years$1,229$785$485$292$172$25
40 years$1,185$747$454$269$156$21
41 years$1,144$711$426$248$142$18
42 years$1,104$677$400$229$129$16
43 years$1,066$645$375$212$117$13
44 years$1,030$615$352$195$106$11
45 years$996$586$331$180$96$10
46 years$963$559$311$167$87$8
47 years$932$534$292$154$79$7
48 years$902$510$274$142$72$6
49 years$874$487$258$131$65$5
50 years$846$465$242$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $867,000, adding $2,024 every year, while hoping to spend $30,642 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: 63/14/23 Blend
62$867,000$867,000$867,000$867,000
63$957,522$911,571$898,132$1,011,968
64$1,022,586$923,635$895,617$1,061,048
65$1,093,260$935,263$891,990$1,111,041
66$1,170,083$946,402$887,183$1,164,953
67$1,253,650$956,994$881,121$1,223,171
68$1,344,613$966,977$873,730$1,286,121
69$1,443,692$976,288$864,928$1,354,274
70$1,551,678$984,855$854,632$1,428,150
71$1,669,441$992,605$842,755$1,508,320
72$1,797,940$999,458$829,203$1,595,418
73$1,938,230$1,005,332$813,881$1,690,140
74$2,091,472$1,010,135$796,688$1,793,255
75$2,258,943$1,013,774$777,519$1,905,612
76$2,442,053$1,016,146$756,263$2,028,147
77$2,642,350$1,017,144$732,805$2,161,893
78$2,861,539$1,016,654$707,025$2,307,989
79$3,101,501$1,014,555$678,795$2,467,691
80$3,364,304$1,010,718$647,984$2,642,386
81$3,652,226$1,005,006$614,454$2,833,602
82$3,967,775$997,274$578,061$3,043,027
83$4,313,717$987,368$538,654$3,272,519
84$4,693,092$975,126$496,076$3,524,131
85$5,109,255$960,374$450,161$3,800,126
86$5,565,896$942,930$400,739$4,102,999
87$6,067,082$922,598$347,629$4,435,503
88$6,617,294$899,175$290,644$4,800,673
89$7,221,466$872,443$229,588$5,201,856
90$7,885,033$842,170$164,257$5,642,745
91$8,613,984$808,114$94,437$6,127,410
92$9,414,915$770,016$19,905$6,660,340
93$10,295,094$727,604$0$7,246,485
94$11,262,527$680,590$0$7,905,939
95$12,326,033$628,668$0$8,636,250
96$13,495,332$571,515$0$9,439,227
97$14,781,128$508,792$0$10,322,252
98$16,195,217$440,137$0$11,293,461
99$17,750,595$365,170$0$12,361,820
100$19,461,582$283,489$0$13,537,210