Can I retire at age 63 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$71,844$71,204$70,579$69,970$69,375$67,127
2 years$35,566$34,904$34,262$33,639$33,036$30,792
3 years$23,475$22,810$22,170$21,553$20,959$18,791
4 years$17,431$16,768$16,134$15,528$14,948$12,871
5 years$13,805$13,146$12,521$11,927$11,363$9,383
6 years$11,389$10,735$10,118$9,538$8,992$7,109
7 years$9,664$9,015$8,408$7,842$7,313$5,529
8 years$8,371$7,728$7,131$6,578$6,066$4,380
9 years$7,365$6,728$6,142$5,603$5,109$3,517
10 years$6,561$5,931$5,355$4,830$4,353$2,854
11 years$5,904$5,280$4,714$4,204$3,744$2,334
12 years$5,357$4,739$4,184$3,687$3,244$1,922
13 years$4,894$4,282$3,738$3,255$2,829$1,590
14 years$4,498$3,893$3,359$2,890$2,480$1,321
15 years$4,154$3,556$3,032$2,577$2,183$1,101
16 years$3,854$3,263$2,749$2,307$1,930$920
17 years$3,590$3,005$2,502$2,073$1,711$771
18 years$3,355$2,776$2,284$1,868$1,521$647
19 years$3,145$2,573$2,091$1,688$1,356$544
20 years$2,957$2,391$1,919$1,529$1,211$458
21 years$2,786$2,227$1,765$1,388$1,084$386
22 years$2,632$2,079$1,627$1,262$972$325
23 years$2,491$1,945$1,502$1,149$872$275
24 years$2,362$1,822$1,389$1,048$784$232
25 years$2,243$1,710$1,286$957$705$196
26 years$2,134$1,607$1,193$875$635$166
27 years$2,033$1,512$1,108$801$573$140
28 years$1,939$1,425$1,030$734$517$118
29 years$1,852$1,344$958$673$467$100
30 years$1,771$1,270$893$618$422$85
31 years$1,695$1,200$832$567$381$72
32 years$1,624$1,136$777$521$345$61
33 years$1,558$1,075$725$479$312$52
34 years$1,496$1,019$677$441$283$44
35 years$1,437$967$633$406$256$37
36 years$1,382$918$593$374$232$31
37 years$1,330$872$555$345$210$27
38 years$1,280$828$519$318$191$22
39 years$1,234$788$487$293$173$19
40 years$1,189$749$456$270$157$16
41 years$1,147$713$428$249$142$14
42 years$1,108$679$401$230$129$12
43 years$1,070$647$376$212$117$10
44 years$1,034$617$353$196$106$8
45 years$999$588$332$181$97$7
46 years$967$561$312$167$88$6
47 years$935$536$293$154$80$5
48 years$905$511$275$143$72$4
49 years$877$488$259$132$66$4
50 years$849$466$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $870,000, adding $5,130 every year, while hoping to spend $57,089 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: 61/26/13 Blend
62$870,000$870,000$870,000$870,000
63$964,032$917,922$904,437$1,019,491
64$1,001,621$902,157$873,993$1,041,607
65$1,041,130$883,708$840,616$1,058,801
66$1,082,696$862,380$804,147$1,076,183
67$1,126,466$837,971$764,421$1,093,773
68$1,172,601$810,267$721,264$1,111,597
69$1,221,275$779,039$674,496$1,129,688
70$1,272,679$744,046$623,926$1,148,082
71$1,327,022$705,034$569,357$1,166,824
72$1,384,531$661,734$510,583$1,185,965
73$1,445,454$613,859$447,388$1,205,564
74$1,510,061$561,109$379,546$1,225,693
75$1,578,649$503,165$306,823$1,246,432
76$1,651,541$439,690$228,972$1,267,874
77$1,729,093$370,329$145,736$1,290,125
78$1,811,691$294,706$56,849$1,313,308
79$1,899,761$212,424$0$1,337,564
80$1,993,766$123,063$0$1,368,323
81$2,094,218$26,181$0$1,409,252
82$2,201,674$0$0$1,452,705
83$2,316,747$0$0$1,521,472
84$2,440,108$0$0$1,603,267
85$2,572,494$0$0$1,691,094
86$2,714,713$0$0$1,785,494
87$2,867,654$0$0$1,887,062
88$3,032,289$0$0$1,996,454
89$3,209,689$0$0$2,114,386
90$3,401,030$0$0$2,241,647
91$3,607,602$0$0$2,379,104
92$3,830,824$0$0$2,527,709
93$4,072,255$0$0$2,688,509
94$4,333,608$0$0$2,862,654
95$4,616,768$0$0$3,051,410
96$4,923,805$0$0$3,256,166
97$5,256,999$0$0$3,478,454
98$5,618,854$0$0$3,719,954
99$6,012,125$0$0$3,982,519
100$6,439,845$0$0$4,268,184