Can I retire at age 63 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$71,926$71,286$70,661$70,051$69,455$69,162
2 years$35,607$34,944$34,301$33,678$33,074$32,778
3 years$23,502$22,836$22,195$21,578$20,983$20,694
4 years$17,451$16,787$16,152$15,546$14,965$14,685
5 years$13,821$13,161$12,535$11,941$11,377$11,105
6 years$11,402$10,747$10,130$9,549$9,002$8,740
7 years$9,675$9,025$8,418$7,851$7,321$7,069
8 years$8,380$7,736$7,139$6,586$6,073$5,832
9 years$7,374$6,736$6,149$5,610$5,115$4,883
10 years$6,569$5,937$5,361$4,836$4,358$4,136
11 years$5,911$5,286$4,720$4,208$3,748$3,536
12 years$5,363$4,744$4,189$3,691$3,248$3,045
13 years$4,900$4,287$3,742$3,259$2,832$2,639
14 years$4,503$3,897$3,362$2,893$2,483$2,298
15 years$4,159$3,560$3,036$2,580$2,186$2,010
16 years$3,859$3,266$2,752$2,310$1,932$1,765
17 years$3,594$3,008$2,505$2,076$1,713$1,554
18 years$3,359$2,780$2,286$1,870$1,523$1,372
19 years$3,149$2,576$2,093$1,690$1,358$1,215
20 years$2,960$2,394$1,921$1,531$1,213$1,077
21 years$2,790$2,230$1,767$1,389$1,085$957
22 years$2,635$2,081$1,628$1,263$973$852
23 years$2,494$1,947$1,504$1,150$873$759
24 years$2,364$1,824$1,391$1,049$785$677
25 years$2,246$1,712$1,288$958$706$604
26 years$2,136$1,609$1,194$876$636$540
27 years$2,035$1,514$1,109$802$574$483
28 years$1,941$1,427$1,031$735$518$433
29 years$1,854$1,346$960$674$467$388
30 years$1,773$1,271$894$618$422$348
31 years$1,697$1,202$833$568$382$312
32 years$1,626$1,137$777$522$345$280
33 years$1,560$1,077$726$480$313$251
34 years$1,497$1,020$678$442$283$225
35 years$1,439$968$634$407$256$202
36 years$1,383$919$593$374$232$182
37 years$1,331$873$555$345$210$164
38 years$1,282$829$520$318$191$147
39 years$1,235$788$487$293$173$132
40 years$1,191$750$457$270$157$119
41 years$1,149$714$428$249$142$107
42 years$1,109$680$402$230$129$96
43 years$1,071$648$377$213$117$87
44 years$1,035$618$354$196$106$78
45 years$1,000$589$332$181$97$70
46 years$968$562$312$167$88$63
47 years$936$536$293$155$80$57
48 years$906$512$275$143$72$51
49 years$878$489$259$132$66$46
50 years$850$467$243$122$60$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $871,000, adding $6,109 every year, while hoping to spend $21,522 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: 21/49/30 Blend
62$871,000$871,000$871,000$871,000
63$966,143$919,980$906,480$977,169
64$1,041,791$942,160$913,948$1,010,011
65$1,124,433$964,706$920,944$1,042,934
66$1,214,760$987,611$927,431$1,077,664
67$1,313,534$1,010,872$933,368$1,114,362
68$1,421,591$1,034,481$938,712$1,153,204
69$1,539,853$1,058,431$943,419$1,194,387
70$1,669,335$1,082,711$947,441$1,238,126
71$1,811,155$1,107,312$950,728$1,284,659
72$1,966,545$1,132,223$953,230$1,334,249
73$2,136,861$1,157,430$954,891$1,387,186
74$2,323,595$1,182,918$955,654$1,443,791
75$2,528,392$1,208,671$955,459$1,504,417
76$2,753,064$1,234,672$954,243$1,569,454
77$2,999,606$1,260,901$951,940$1,639,335
78$3,270,216$1,287,335$948,480$1,714,534
79$3,567,314$1,313,950$943,790$1,795,577
80$3,893,568$1,340,722$937,795$1,883,044
81$4,251,915$1,367,620$930,414$1,977,576
82$4,645,592$1,394,615$921,564$2,079,880
83$5,078,162$1,421,671$911,156$2,190,736
84$5,553,555$1,448,753$899,100$2,311,005
85$6,076,096$1,475,820$885,299$2,441,640
86$6,650,553$1,502,831$869,651$2,583,690
87$7,282,177$1,529,738$852,053$2,738,314
88$7,976,756$1,556,491$832,393$2,906,790
89$8,740,662$1,583,036$810,555$3,090,532
90$9,580,921$1,609,317$786,420$3,291,097
91$10,505,271$1,635,269$759,861$3,510,204
92$11,522,238$1,660,826$730,746$3,749,753
93$12,641,217$1,685,917$698,936$4,011,837
94$13,872,558$1,710,464$664,288$4,298,767
95$15,227,667$1,734,385$626,650$4,613,094
96$16,719,111$1,757,592$585,864$4,957,631
97$18,360,735$1,779,989$541,766$5,335,484
98$20,167,799$1,801,477$494,184$5,750,078
99$22,157,112$1,821,947$442,936$6,205,192
100$24,347,199$1,841,285$387,837$6,704,996