Can I retire at age 63 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,257$71,613$70,985$70,372$69,774$69,392
2 years$35,771$35,104$34,459$33,833$33,226$32,841
3 years$23,610$22,941$22,297$21,677$21,080$20,703
4 years$17,531$16,864$16,227$15,617$15,034$14,669
5 years$13,885$13,222$12,593$11,995$11,429$11,076
6 years$11,455$10,797$10,177$9,593$9,043$8,703
7 years$9,719$9,067$8,457$7,887$7,355$7,028
8 years$8,419$7,772$7,172$6,616$6,101$5,788
9 years$7,407$6,767$6,177$5,635$5,138$4,838
10 years$6,599$5,965$5,385$4,858$4,378$4,090
11 years$5,938$5,310$4,741$4,228$3,765$3,490
12 years$5,387$4,766$4,208$3,708$3,263$3,000
13 years$4,922$4,307$3,759$3,274$2,845$2,595
14 years$4,523$3,915$3,378$2,906$2,494$2,256
15 years$4,178$3,576$3,050$2,592$2,196$1,969
16 years$3,877$3,281$2,765$2,321$1,941$1,725
17 years$3,611$3,022$2,516$2,085$1,721$1,516
18 years$3,375$2,792$2,297$1,879$1,530$1,336
19 years$3,164$2,588$2,103$1,698$1,364$1,180
20 years$2,974$2,405$1,930$1,538$1,218$1,044
21 years$2,802$2,240$1,775$1,396$1,090$926
22 years$2,647$2,091$1,636$1,269$977$822
23 years$2,505$1,956$1,510$1,156$877$731
24 years$2,375$1,832$1,397$1,054$788$650
25 years$2,256$1,720$1,294$963$709$579
26 years$2,146$1,616$1,200$880$639$517
27 years$2,044$1,521$1,114$806$576$461
28 years$1,950$1,433$1,036$738$520$412
29 years$1,863$1,352$964$677$469$368
30 years$1,781$1,277$898$621$424$329
31 years$1,705$1,207$837$571$383$294
32 years$1,634$1,142$781$524$347$264
33 years$1,567$1,082$729$482$314$236
34 years$1,504$1,025$681$444$284$211
35 years$1,445$972$637$408$257$189
36 years$1,390$923$596$376$233$170
37 years$1,337$877$558$347$211$152
38 years$1,288$833$522$319$192$136
39 years$1,241$792$489$295$174$122
40 years$1,196$754$459$272$158$110
41 years$1,154$717$430$251$143$99
42 years$1,114$683$403$231$130$88
43 years$1,076$651$379$214$118$79
44 years$1,040$620$355$197$107$71
45 years$1,005$592$334$182$97$64
46 years$972$564$313$168$88$57
47 years$941$539$294$155$80$52
48 years$911$514$277$144$73$46
49 years$882$491$260$133$66$42
50 years$854$469$244$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $875,000, adding $2,105 every year, while hoping to spend $22,356 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: 53/20/27 Blend
62$875,000$875,000$875,000$875,000
63$966,421$920,046$906,484$1,010,265
64$1,041,210$941,342$913,064$1,062,143
65$1,122,877$962,932$919,116$1,116,114
66$1,212,102$984,807$924,598$1,174,402
67$1,309,630$1,006,956$929,466$1,237,428
68$1,416,284$1,029,369$933,675$1,305,657
69$1,532,969$1,052,031$937,176$1,379,601
70$1,660,680$1,074,929$939,920$1,459,826
71$1,800,515$1,098,047$941,853$1,546,953
72$1,953,683$1,121,366$942,920$1,641,670
73$2,121,513$1,144,868$943,063$1,744,734
74$2,305,472$1,168,530$942,220$1,856,978
75$2,507,172$1,192,331$940,326$1,979,323
76$2,728,392$1,216,244$937,316$2,112,782
77$2,971,090$1,240,241$933,117$2,258,474
78$3,237,421$1,264,293$927,657$2,417,632
79$3,529,761$1,288,367$920,857$2,591,613
80$3,850,727$1,312,427$912,636$2,781,918
81$4,203,201$1,336,435$902,909$2,990,196
82$4,590,357$1,360,351$891,586$3,218,269
83$5,015,695$1,384,129$878,575$3,468,145
84$5,483,065$1,407,721$863,777$3,742,036
85$5,996,715$1,431,076$847,091$4,042,384
86$6,561,319$1,454,138$828,408$4,371,876
87$7,182,031$1,476,848$807,617$4,733,480
88$7,864,526$1,499,142$784,600$5,130,464
89$8,615,059$1,520,951$759,235$5,566,433
90$9,440,519$1,542,201$731,393$6,045,359
91$10,348,497$1,562,815$700,940$6,571,622
92$11,347,359$1,582,707$667,736$7,150,051
93$12,446,318$1,601,789$631,635$7,785,969
94$13,655,530$1,619,964$592,482$8,485,243
95$14,986,181$1,637,129$550,117$9,254,342
96$16,450,599$1,653,176$504,374$10,100,395
97$18,062,367$1,667,988$455,076$11,031,262
98$19,836,449$1,681,440$402,042$12,055,609
99$21,789,337$1,693,401$345,081$13,182,984
100$23,939,202$1,703,730$283,993$14,423,916