Can I retire at age 63 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,679$71,040$70,417$69,809$69,216$68,266
2 years$35,484$34,824$34,183$33,562$32,960$32,005
3 years$23,421$22,758$22,119$21,504$20,911$19,980
4 years$17,391$16,729$16,097$15,492$14,914$14,014
5 years$13,774$13,116$12,492$11,899$11,337$10,472
6 years$11,363$10,710$10,095$9,516$8,971$8,140
7 years$9,642$8,994$8,389$7,824$7,296$6,501
8 years$8,351$7,710$7,115$6,563$6,052$5,293
9 years$7,348$6,713$6,128$5,590$5,097$4,372
10 years$6,546$5,917$5,342$4,819$4,343$3,653
11 years$5,890$5,268$4,703$4,194$3,735$3,078
12 years$5,344$4,728$4,174$3,679$3,237$2,613
13 years$4,883$4,273$3,729$3,248$2,823$2,231
14 years$4,487$3,884$3,351$2,883$2,474$1,914
15 years$4,145$3,548$3,025$2,571$2,178$1,648
16 years$3,846$3,255$2,743$2,302$1,925$1,425
17 years$3,582$2,998$2,496$2,068$1,707$1,235
18 years$3,348$2,770$2,278$1,864$1,518$1,073
19 years$3,138$2,567$2,086$1,684$1,353$934
20 years$2,950$2,386$1,914$1,525$1,208$814
21 years$2,780$2,222$1,761$1,384$1,081$711
22 years$2,626$2,074$1,623$1,259$969$622
23 years$2,485$1,940$1,498$1,146$870$545
24 years$2,356$1,818$1,386$1,046$782$477
25 years$2,238$1,706$1,283$955$704$419
26 years$2,129$1,603$1,190$873$634$368
27 years$2,028$1,509$1,105$799$572$323
28 years$1,935$1,422$1,028$732$516$284
29 years$1,848$1,341$956$671$466$250
30 years$1,767$1,267$891$616$421$220
31 years$1,691$1,197$830$566$380$193
32 years$1,621$1,133$775$520$344$170
33 years$1,554$1,073$723$478$311$150
34 years$1,492$1,017$676$440$282$132
35 years$1,434$965$632$405$255$116
36 years$1,379$915$591$373$231$102
37 years$1,327$870$553$344$210$90
38 years$1,277$826$518$317$190$80
39 years$1,231$786$485$292$172$70
40 years$1,187$748$455$269$156$62
41 years$1,145$712$427$249$142$55
42 years$1,105$678$400$229$129$48
43 years$1,067$646$376$212$117$42
44 years$1,031$616$353$196$106$37
45 years$997$587$331$181$96$33
46 years$964$560$311$167$87$29
47 years$933$534$292$154$79$26
48 years$903$510$274$142$72$23
49 years$875$487$258$132$65$20
50 years$847$465$243$122$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $868,000, adding $2,189 every year, while hoping to spend $58,835 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: 49/24/27 Blend
62$868,000$868,000$868,000$868,000
63$958,794$912,790$899,336$998,329
64$993,991$894,917$866,864$1,008,365
65$1,030,806$874,196$831,332$1,013,252
66$1,069,342$850,425$792,575$1,017,406
67$1,109,711$823,392$750,423$1,020,784
68$1,152,034$792,870$704,694$1,023,346
69$1,196,441$758,620$655,201$1,025,049
70$1,243,075$720,390$601,747$1,025,852
71$1,292,090$677,910$544,127$1,025,715
72$1,343,655$630,900$482,127$1,024,596
73$1,397,952$579,058$415,522$1,022,457
74$1,455,180$522,070$344,080$1,019,261
75$1,515,558$459,600$267,555$1,014,972
76$1,579,319$391,295$185,693$1,009,559
77$1,646,724$316,783$98,228$1,002,993
78$1,718,053$235,668$4,882$995,249
79$1,793,613$147,535$0$986,307
80$1,873,741$51,943$0$1,003,446
81$1,958,803$0$0$1,022,642
82$2,049,200$0$0$1,056,200
83$2,145,371$0$0$1,106,546
84$2,247,797$0$0$1,160,219
85$2,357,005$0$0$1,217,502
86$2,473,569$0$0$1,278,704
87$2,598,121$0$0$1,344,165
88$2,731,353$0$0$1,414,257
89$2,874,025$0$0$1,489,387
90$3,026,967$0$0$1,570,003
91$3,191,092$0$0$1,656,596
92$3,367,403$0$0$1,749,704
93$3,556,998$0$0$1,849,920
94$3,761,085$0$0$1,957,893
95$3,980,989$0$0$2,074,336
96$4,218,165$0$0$2,200,034
97$4,474,213$0$0$2,335,848
98$4,750,891$0$0$2,482,725
99$5,050,130$0$0$2,641,704
100$5,374,053$0$0$2,813,930