Can I retire at age 63 with 831,000?

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 $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%15.8%
1 years$68,623$68,012$67,416$66,833$66,265$64,689
2 years$33,972$33,339$32,726$32,131$31,555$29,977
3 years$22,423$21,788$21,176$20,587$20,020$18,488
4 years$16,650$16,016$15,411$14,832$14,278$12,805
5 years$13,187$12,557$11,959$11,392$10,854$9,444
6 years$10,879$10,254$9,665$9,110$8,588$7,242
7 years$9,231$8,611$8,032$7,490$6,985$5,703
8 years$7,995$7,381$6,811$6,283$5,794$4,576
9 years$7,035$6,427$5,867$5,352$4,880$3,724
10 years$6,267$5,665$5,115$4,613$4,158$3,064
11 years$5,639$5,043$4,503$4,015$3,576$2,542
12 years$5,117$4,526$3,996$3,522$3,099$2,123
13 years$4,674$4,090$3,570$3,109$2,702$1,783
14 years$4,296$3,718$3,208$2,760$2,369$1,504
15 years$3,968$3,397$2,896$2,461$2,086$1,273
16 years$3,682$3,116$2,626$2,204$1,843$1,081
17 years$3,429$2,870$2,390$1,980$1,634$920
18 years$3,205$2,652$2,181$1,785$1,453$785
19 years$3,004$2,458$1,997$1,613$1,295$671
20 years$2,824$2,284$1,833$1,460$1,157$574
21 years$2,662$2,127$1,686$1,325$1,035$492
22 years$2,514$1,986$1,554$1,205$928$422
23 years$2,379$1,857$1,435$1,098$833$363
24 years$2,256$1,740$1,327$1,001$749$312
25 years$2,142$1,633$1,229$914$674$268
26 years$2,038$1,535$1,140$836$607$231
27 years$1,942$1,444$1,058$765$547$198
28 years$1,852$1,361$984$701$494$171
29 years$1,769$1,284$915$643$446$147
30 years$1,692$1,213$853$590$403$127
31 years$1,619$1,146$795$542$364$109
32 years$1,552$1,085$742$498$329$94
33 years$1,488$1,027$693$458$298$81
34 years$1,429$974$647$421$270$70
35 years$1,373$923$605$388$244$61
36 years$1,320$876$566$357$222$52
37 years$1,270$832$530$329$201$45
38 years$1,223$791$496$303$182$39
39 years$1,178$752$465$280$165$34
40 years$1,136$716$436$258$150$29
41 years$1,096$681$408$238$136$25
42 years$1,058$649$383$220$123$22
43 years$1,022$618$360$203$112$19
44 years$987$589$337$187$102$16
45 years$955$562$317$173$92$14
46 years$923$536$298$160$84$12
47 years$893$512$280$148$76$10
48 years$865$488$263$136$69$9
49 years$837$466$247$126$63$8
50 years$811$445$232$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $831,000, adding $6,270 every year, while hoping to spend $40,279 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: 42/35/23 Blend
62$831,000$831,000$831,000$831,000
63$922,230$878,187$865,306$954,521
64$973,440$878,361$851,437$978,329
65$1,028,525$877,194$835,754$999,760
66$1,087,835$874,578$818,153$1,022,161
67$1,151,759$870,397$798,525$1,045,644
68$1,220,721$864,529$776,759$1,070,334
69$1,295,190$856,846$752,735$1,096,373
70$1,375,677$847,209$726,330$1,123,918
71$1,462,749$835,475$697,414$1,153,147
72$1,557,024$821,488$665,852$1,184,257
73$1,659,185$805,086$631,503$1,217,471
74$1,769,982$786,095$594,219$1,253,038
75$1,890,239$764,333$553,844$1,291,235
76$2,020,864$739,606$510,218$1,332,374
77$2,162,854$711,708$463,172$1,376,799
78$2,317,307$680,423$412,530$1,424,899
79$2,485,429$645,521$358,107$1,477,103
80$2,668,551$606,759$299,712$1,533,892
81$2,868,134$563,881$237,142$1,595,801
82$3,085,786$516,614$170,190$1,663,425
83$3,323,280$464,672$98,635$1,737,428
84$3,582,565$407,752$22,250$1,818,544
85$3,865,787$345,532$0$1,907,594
86$4,175,308$277,674$0$2,020,033
87$4,513,730$203,820$0$2,149,098
88$4,883,915$123,592$0$2,290,511
89$5,289,018$36,591$0$2,445,583
90$5,732,510$0$0$2,615,767
91$6,218,214$0$0$2,824,853
92$6,750,341$0$0$3,069,468
93$7,333,528$0$0$3,337,662
94$7,972,882$0$0$3,631,798
95$8,674,027$0$0$3,954,477
96$9,443,158$0$0$4,308,565
97$10,287,098$0$0$4,697,218
98$11,213,364$0$0$5,123,913
99$12,230,233$0$0$5,592,479
100$13,346,826$0$0$6,107,135