Can I retire at age 63 with 831,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$68,623$68,012$67,416$66,833$66,265$65,114
2 years$33,972$33,339$32,726$32,131$31,555$30,399
3 years$22,423$21,788$21,176$20,587$20,020$18,895
4 years$16,650$16,016$15,411$14,832$14,278$13,193
5 years$13,187$12,557$11,959$11,392$10,854$9,812
6 years$10,879$10,254$9,665$9,110$8,588$7,590
7 years$9,231$8,611$8,032$7,490$6,985$6,031
8 years$7,995$7,381$6,811$6,283$5,794$4,885
9 years$7,035$6,427$5,867$5,352$4,880$4,014
10 years$6,267$5,665$5,115$4,613$4,158$3,335
11 years$5,639$5,043$4,503$4,015$3,576$2,795
12 years$5,117$4,526$3,996$3,522$3,099$2,359
13 years$4,674$4,090$3,570$3,109$2,702$2,002
14 years$4,296$3,718$3,208$2,760$2,369$1,707
15 years$3,968$3,397$2,896$2,461$2,086$1,461
16 years$3,682$3,116$2,626$2,204$1,843$1,255
17 years$3,429$2,870$2,390$1,980$1,634$1,081
18 years$3,205$2,652$2,181$1,785$1,453$933
19 years$3,004$2,458$1,997$1,613$1,295$807
20 years$2,824$2,284$1,833$1,460$1,157$699
21 years$2,662$2,127$1,686$1,325$1,035$606
22 years$2,514$1,986$1,554$1,205$928$526
23 years$2,379$1,857$1,435$1,098$833$458
24 years$2,256$1,740$1,327$1,001$749$398
25 years$2,142$1,633$1,229$914$674$347
26 years$2,038$1,535$1,140$836$607$302
27 years$1,942$1,444$1,058$765$547$264
28 years$1,852$1,361$984$701$494$230
29 years$1,769$1,284$915$643$446$201
30 years$1,692$1,213$853$590$403$175
31 years$1,619$1,146$795$542$364$153
32 years$1,552$1,085$742$498$329$134
33 years$1,488$1,027$693$458$298$117
34 years$1,429$974$647$421$270$102
35 years$1,373$923$605$388$244$90
36 years$1,320$876$566$357$222$78
37 years$1,270$832$530$329$201$68
38 years$1,223$791$496$303$182$60
39 years$1,178$752$465$280$165$52
40 years$1,136$716$436$258$150$46
41 years$1,096$681$408$238$136$40
42 years$1,058$649$383$220$123$35
43 years$1,022$618$360$203$112$31
44 years$987$589$337$187$102$27
45 years$955$562$317$173$92$24
46 years$923$536$298$160$84$21
47 years$893$512$280$148$76$18
48 years$865$488$263$136$69$16
49 years$837$466$247$126$63$14
50 years$811$445$232$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $831,000, adding $5,159 every year, while hoping to spend $30,227 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: 52/32/16 Blend
62$831,000$831,000$831,000$831,000
63$921,084$877,041$864,160$964,726
64$982,873$887,854$860,948$1,006,009
65$1,049,951$898,185$856,615$1,047,274
66$1,122,827$907,976$851,093$1,091,486
67$1,202,058$917,170$844,307$1,138,932
68$1,288,259$925,702$836,182$1,189,932
69$1,382,105$933,505$826,638$1,244,836
70$1,484,341$940,508$815,592$1,304,033
71$1,595,784$946,634$802,955$1,367,951
72$1,717,336$951,801$788,636$1,437,065
73$1,849,988$955,923$772,538$1,511,898
74$1,994,831$958,907$754,563$1,593,028
75$2,153,067$960,656$734,603$1,681,092
76$2,326,018$961,067$712,551$1,776,796
77$2,515,140$960,027$688,289$1,880,919
78$2,722,036$957,420$661,699$1,994,319
79$2,948,472$953,122$632,654$2,117,945
80$3,196,390$946,999$601,022$2,252,847
81$3,467,933$938,913$566,667$2,400,179
82$3,765,457$928,714$529,445$2,561,221
83$4,091,557$916,245$489,205$2,737,381
84$4,449,094$901,339$445,791$2,930,216
85$4,841,215$883,818$399,039$3,141,445
86$5,271,390$863,496$348,778$3,372,963
87$5,743,438$840,174$294,828$3,626,864
88$6,261,568$813,641$237,004$3,905,458
89$6,830,414$783,676$175,110$4,211,294
90$7,455,083$750,043$108,943$4,547,186
91$8,141,199$712,493$38,290$4,916,238
92$8,894,958$670,762$0$5,321,876
93$9,723,187$624,572$0$5,774,215
94$10,633,404$573,629$0$6,278,478
95$11,633,895$517,620$0$6,832,764
96$12,733,787$456,218$0$7,442,192
97$13,943,134$389,074$0$8,112,408
98$15,273,015$315,820$0$8,849,636
99$16,735,637$236,069$0$9,660,741
100$18,344,446$149,410$0$10,553,289