Can I retire at age 63 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$73,165$72,513$71,877$71,257$70,651$69,366
2 years$36,220$35,546$34,892$34,258$33,643$32,354
3 years$23,907$23,230$22,577$21,950$21,345$20,090
4 years$17,752$17,076$16,431$15,813$15,223$14,014
5 years$14,059$13,388$12,751$12,146$11,572$10,411
6 years$11,599$10,932$10,305$9,713$9,157$8,045
7 years$9,842$9,181$8,563$7,986$7,447$6,385
8 years$8,524$7,870$7,262$6,699$6,178$5,166
9 years$7,501$6,852$6,255$5,706$5,203$4,240
10 years$6,682$6,040$5,453$4,919$4,433$3,518
11 years$6,013$5,377$4,801$4,281$3,813$2,945
12 years$5,455$4,826$4,261$3,755$3,304$2,482
13 years$4,984$4,361$3,807$3,315$2,881$2,104
14 years$4,580$3,964$3,420$2,943$2,526$1,791
15 years$4,231$3,621$3,088$2,624$2,224$1,531
16 years$3,925$3,323$2,800$2,350$1,965$1,313
17 years$3,656$3,060$2,548$2,111$1,743$1,129
18 years$3,417$2,828$2,326$1,903$1,549$973
19 years$3,203$2,621$2,129$1,719$1,381$840
20 years$3,011$2,435$1,954$1,557$1,234$727
21 years$2,838$2,268$1,797$1,413$1,104$630
22 years$2,680$2,117$1,656$1,285$989$546
23 years$2,536$1,980$1,529$1,170$888$474
24 years$2,405$1,855$1,414$1,067$798$412
25 years$2,284$1,741$1,310$975$718$358
26 years$2,173$1,636$1,215$891$647$312
27 years$2,070$1,540$1,128$816$583$271
28 years$1,975$1,451$1,049$747$526$236
29 years$1,886$1,369$976$685$475$206
30 years$1,804$1,293$909$629$430$180
31 years$1,726$1,222$848$578$388$157
32 years$1,654$1,156$791$531$351$137
33 years$1,587$1,095$738$488$318$119
34 years$1,523$1,038$690$449$288$104
35 years$1,463$985$645$414$261$91
36 years$1,407$934$603$381$236$79
37 years$1,354$888$565$351$214$69
38 years$1,304$843$529$323$194$61
39 years$1,256$802$496$298$176$53
40 years$1,211$763$464$275$160$46
41 years$1,169$726$435$254$145$40
42 years$1,128$692$409$234$131$35
43 years$1,089$659$383$216$119$31
44 years$1,053$628$360$200$108$27
45 years$1,018$599$338$184$98$24
46 years$984$572$317$170$89$21
47 years$952$545$298$157$81$18
48 years$922$521$280$145$74$16
49 years$893$497$263$134$67$14
50 years$865$475$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $886,000, adding $5,943 every year, while hoping to spend $28,003 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: 74/5/21 Blend
62$886,000$886,000$886,000$886,000
63$982,502$935,544$921,811$1,049,825
64$1,052,922$951,591$922,897$1,111,381
65$1,129,587$967,485$923,080$1,174,852
66$1,213,103$983,190$922,302$1,243,695
67$1,304,140$998,667$920,499$1,318,439
68$1,403,432$1,013,871$917,605$1,399,666
69$1,511,789$1,028,758$913,552$1,488,021
70$1,630,102$1,043,278$908,268$1,584,211
71$1,759,354$1,057,380$901,675$1,689,018
72$1,900,622$1,071,006$893,696$1,803,302
73$2,055,098$1,084,097$884,247$1,928,011
74$2,224,089$1,096,589$873,240$2,064,192
75$2,409,037$1,108,413$860,585$2,212,996
76$2,611,530$1,119,496$846,186$2,375,693
77$2,833,315$1,129,761$829,942$2,553,683
78$3,076,318$1,139,124$811,750$2,748,509
79$3,342,659$1,147,497$791,500$2,961,872
80$3,634,672$1,154,786$769,076$3,195,645
81$3,954,928$1,160,890$744,360$3,451,895
82$4,306,260$1,165,704$717,226$3,732,898
83$4,691,789$1,169,113$687,543$4,041,164
84$5,114,949$1,170,997$655,173$4,379,460
85$5,579,526$1,171,229$619,974$4,750,835
86$6,089,690$1,169,671$581,796$5,158,648
87$6,650,034$1,166,181$540,481$5,606,606
88$7,265,618$1,160,604$495,868$6,098,789
89$7,942,015$1,152,778$447,784$6,639,700
90$8,685,368$1,142,531$396,051$7,234,296
91$9,502,440$1,129,679$340,484$7,888,047
92$10,400,685$1,114,030$280,886$8,606,976
93$11,388,314$1,095,377$217,055$9,397,726
94$12,474,375$1,073,503$148,779$10,267,617
95$13,668,834$1,048,177$75,836$11,224,717
96$14,982,673$1,019,156$0$12,277,919
97$16,427,991$986,181$0$13,437,473
98$18,018,121$948,978$0$14,731,896
99$19,767,749$907,258$0$16,156,139
100$21,693,061$860,715$0$17,723,384