Can I retire at age 63 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$72,587$71,940$71,310$70,694$70,093$69,246
2 years$35,934$35,265$34,616$33,987$33,377$32,525
3 years$23,718$23,046$22,399$21,776$21,176$20,345
4 years$17,611$16,941$16,301$15,688$15,103$14,299
5 years$13,948$13,282$12,650$12,050$11,481$10,707
6 years$11,507$10,846$10,223$9,637$9,085$8,341
7 years$9,764$9,108$8,495$7,923$7,388$6,676
8 years$8,457$7,808$7,205$6,646$6,129$5,448
9 years$7,441$6,798$6,206$5,661$5,162$4,511
10 years$6,629$5,992$5,410$4,880$4,398$3,778
11 years$5,965$5,334$4,763$4,247$3,782$3,192
12 years$5,412$4,788$4,227$3,725$3,278$2,716
13 years$4,945$4,327$3,777$3,289$2,858$2,325
14 years$4,544$3,933$3,393$2,919$2,506$2,000
15 years$4,197$3,593$3,064$2,604$2,206$1,727
16 years$3,894$3,296$2,778$2,331$1,950$1,497
17 years$3,627$3,036$2,528$2,095$1,729$1,301
18 years$3,390$2,805$2,307$1,888$1,537$1,133
19 years$3,178$2,600$2,112$1,706$1,370$990
20 years$2,987$2,416$1,939$1,545$1,224$865
21 years$2,815$2,250$1,783$1,402$1,095$758
22 years$2,659$2,101$1,643$1,275$982$665
23 years$2,516$1,965$1,517$1,161$881$584
24 years$2,386$1,841$1,403$1,059$792$514
25 years$2,266$1,727$1,300$967$713$452
26 years$2,156$1,624$1,205$884$642$398
27 years$2,054$1,528$1,119$809$579$351
28 years$1,959$1,440$1,041$742$522$309
29 years$1,871$1,358$968$680$472$273
30 years$1,789$1,283$902$624$426$241
31 years$1,713$1,213$841$573$385$213
32 years$1,641$1,147$785$527$348$188
33 years$1,574$1,087$733$484$315$166
34 years$1,511$1,030$684$446$286$147
35 years$1,452$977$640$410$259$130
36 years$1,396$927$599$378$234$115
37 years$1,343$881$560$348$212$101
38 years$1,294$837$525$321$193$90
39 years$1,246$796$492$296$175$79
40 years$1,202$757$461$273$158$70
41 years$1,159$721$432$252$144$62
42 years$1,119$686$405$232$130$55
43 years$1,081$654$380$214$118$49
44 years$1,044$623$357$198$107$43
45 years$1,010$594$335$183$97$38
46 years$977$567$315$169$89$34
47 years$945$541$296$156$80$30
48 years$915$517$278$144$73$26
49 years$886$493$261$133$66$23
50 years$858$471$246$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $879,000, adding $6,228 every year, while hoping to spend $27,494 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: 80/5/15 Blend
62$879,000$879,000$879,000$879,000
63$975,082$928,495$914,871$1,049,588
64$1,045,287$944,738$916,265$1,115,726
65$1,121,732$960,855$916,785$1,184,128
66$1,205,023$976,812$916,372$1,258,415
67$1,295,829$992,570$914,965$1,339,166
68$1,394,887$1,008,089$912,499$1,427,016
69$1,503,005$1,023,324$908,908$1,522,669
70$1,621,075$1,038,231$904,119$1,626,895
71$1,750,078$1,052,758$898,061$1,740,545
72$1,891,095$1,066,852$890,655$1,864,559
73$2,045,314$1,080,455$881,820$1,999,968
74$2,214,046$1,093,507$871,470$2,147,910
75$2,398,731$1,105,942$859,517$2,309,640
76$2,600,959$1,117,690$845,868$2,486,540
77$2,822,477$1,128,677$830,425$2,680,131
78$3,065,210$1,138,823$813,085$2,892,092
79$3,331,280$1,148,043$793,741$3,124,270
80$3,623,022$1,156,249$772,283$3,378,704
81$3,943,007$1,163,342$748,592$3,657,638
82$4,294,070$1,169,222$722,546$3,963,545
83$4,679,331$1,173,780$694,017$4,299,151
84$5,102,228$1,176,900$662,871$4,667,459
85$5,566,546$1,178,459$628,969$5,071,781
86$6,076,458$1,178,328$592,163$5,515,764
87$6,636,558$1,176,367$552,301$6,003,428
88$7,251,907$1,172,429$509,224$6,539,202
89$7,928,082$1,166,358$462,763$7,127,970
90$8,671,226$1,157,990$412,745$7,775,111
91$9,488,106$1,147,147$358,988$8,486,555
92$10,386,180$1,133,644$301,301$9,268,835
93$11,373,661$1,117,283$239,485$10,129,153
94$12,459,600$1,097,856$173,334$11,075,444
95$13,653,969$1,075,140$102,630$12,116,455
96$14,967,753$1,048,901$27,147$13,261,824
97$16,413,057$1,018,890$0$14,522,172
98$18,003,217$984,845$0$15,917,753
99$19,752,929$946,486$0$17,458,113
100$21,678,383$903,519$0$19,153,160