Can I retire at age 63 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$72,174$71,531$70,904$70,292$69,694$67,382
2 years$35,730$35,064$34,419$33,794$33,188$30,881
3 years$23,583$22,915$22,272$21,652$21,056$18,826
4 years$17,511$16,845$16,208$15,599$15,017$12,882
5 years$13,869$13,207$12,578$11,982$11,416$9,381
6 years$11,441$10,784$10,165$9,582$9,033$7,101
7 years$9,708$9,057$8,447$7,878$7,346$5,516
8 years$8,409$7,763$7,164$6,608$6,094$4,364
9 years$7,399$6,759$6,170$5,629$5,132$3,500
10 years$6,591$5,958$5,379$4,852$4,373$2,837
11 years$5,931$5,304$4,736$4,223$3,761$2,317
12 years$5,381$4,761$4,203$3,704$3,259$1,905
13 years$4,916$4,302$3,755$3,270$2,842$1,574
14 years$4,518$3,911$3,374$2,903$2,491$1,306
15 years$4,174$3,572$3,046$2,589$2,194$1,087
16 years$3,872$3,278$2,762$2,318$1,939$907
17 years$3,607$3,019$2,513$2,083$1,719$759
18 years$3,371$2,789$2,294$1,877$1,528$636
19 years$3,160$2,585$2,100$1,696$1,362$534
20 years$2,970$2,402$1,927$1,536$1,217$449
21 years$2,799$2,238$1,773$1,394$1,089$377
22 years$2,644$2,089$1,634$1,268$976$318
23 years$2,502$1,953$1,509$1,154$876$268
24 years$2,372$1,830$1,395$1,053$788$226
25 years$2,253$1,718$1,292$962$709$190
26 years$2,144$1,614$1,199$879$638$161
27 years$2,042$1,519$1,113$805$576$136
28 years$1,948$1,432$1,035$737$519$115
29 years$1,861$1,351$963$676$469$97
30 years$1,779$1,275$897$620$424$82
31 years$1,703$1,206$836$570$383$69
32 years$1,632$1,141$780$524$346$58
33 years$1,565$1,080$728$482$314$49
34 years$1,503$1,024$681$443$284$42
35 years$1,444$971$636$408$257$35
36 years$1,388$922$595$376$233$30
37 years$1,336$876$557$346$211$25
38 years$1,286$832$522$319$191$21
39 years$1,239$791$489$294$174$18
40 years$1,195$753$458$271$157$15
41 years$1,153$717$430$250$143$13
42 years$1,113$682$403$231$130$11
43 years$1,075$650$378$213$118$9
44 years$1,038$620$355$197$107$8
45 years$1,004$591$333$182$97$7
46 years$971$564$313$168$88$6
47 years$940$538$294$155$80$5
48 years$910$514$276$143$73$4
49 years$881$490$260$133$66$3
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $874,000, adding $5,015 every year, while hoping to spend $36,520 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: 48/45/7 Blend
62$874,000$874,000$874,000$874,000
63$968,321$921,999$908,452$1,012,775
64$1,028,233$928,320$900,028$1,050,070
65$1,093,031$933,727$890,098$1,086,270
66$1,163,177$938,136$878,573$1,124,714
67$1,239,175$941,458$865,359$1,165,622
68$1,321,582$943,601$850,359$1,209,237
69$1,411,008$944,462$833,472$1,255,826
70$1,508,127$943,937$814,589$1,305,689
71$1,613,678$941,911$793,599$1,359,154
72$1,728,473$938,265$770,385$1,416,588
73$1,853,410$932,873$744,825$1,478,395
74$1,989,472$925,597$716,791$1,545,022
75$2,137,743$916,296$686,148$1,616,967
76$2,299,416$904,818$652,757$1,694,778
77$2,475,803$891,002$616,472$1,779,063
78$2,668,351$874,676$577,140$1,870,495
79$2,878,649$855,662$534,600$1,969,819
80$3,108,448$833,766$488,686$2,077,860
81$3,359,676$808,787$439,223$2,195,527
82$3,634,456$780,511$386,030$2,323,831
83$3,935,124$748,709$328,916$2,463,885
84$4,264,254$713,143$267,682$2,616,925
85$4,624,680$673,559$202,121$2,784,313
86$5,019,521$629,687$132,016$2,967,559
87$5,452,214$581,244$57,140$3,168,330
88$5,926,544$527,929$0$3,388,468
89$6,446,679$469,425$0$3,631,713
90$7,017,210$405,397$0$3,903,279
91$7,643,194$335,490$0$4,201,403
92$8,330,201$259,330$0$4,528,853
93$9,084,365$176,520$0$4,888,689
94$9,912,445$86,645$0$5,284,287
95$10,821,886$0$0$5,719,379
96$11,820,889$0$0$6,203,398
97$12,918,488$0$0$6,782,429
98$14,124,635$0$0$7,418,828
99$15,450,297$0$0$8,118,395
100$16,907,551$0$0$8,887,517