Can I retire at age 63 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$68,706$68,094$67,497$66,914$66,345$64,093
2 years$34,013$33,379$32,765$32,170$31,593$29,347
3 years$22,450$21,814$21,201$20,612$20,044$17,874
4 years$16,670$16,035$15,429$14,850$14,295$12,218
5 years$13,202$12,572$11,974$11,406$10,867$8,888
6 years$10,892$10,266$9,677$9,121$8,599$6,720
7 years$9,242$8,621$8,041$7,499$6,993$5,214
8 years$8,005$7,390$6,820$6,291$5,801$4,121
9 years$7,043$6,434$5,874$5,358$4,886$3,301
10 years$6,275$5,672$5,121$4,619$4,163$2,672
11 years$5,646$5,049$4,508$4,020$3,580$2,180
12 years$5,123$4,532$4,001$3,526$3,103$1,790
13 years$4,680$4,095$3,575$3,113$2,705$1,477
14 years$4,301$3,723$3,212$2,763$2,372$1,223
15 years$3,973$3,401$2,900$2,464$2,088$1,017
16 years$3,686$3,120$2,629$2,207$1,845$848
17 years$3,433$2,873$2,392$1,983$1,636$708
18 years$3,209$2,655$2,184$1,787$1,455$592
19 years$3,008$2,461$1,999$1,614$1,297$496
20 years$2,828$2,287$1,835$1,462$1,158$417
21 years$2,665$2,130$1,688$1,327$1,037$350
22 years$2,517$1,988$1,555$1,207$929$294
23 years$2,382$1,860$1,436$1,099$834$247
24 years$2,258$1,742$1,328$1,002$750$208
25 years$2,145$1,635$1,230$915$675$175
26 years$2,041$1,537$1,141$837$608$148
27 years$1,944$1,446$1,060$766$548$125
28 years$1,854$1,363$985$702$494$105
29 years$1,771$1,286$917$644$446$89
30 years$1,694$1,214$854$591$403$75
31 years$1,621$1,148$796$542$365$63
32 years$1,553$1,086$743$499$330$53
33 years$1,490$1,028$693$458$299$45
34 years$1,430$975$648$422$270$38
35 years$1,374$925$606$388$245$32
36 years$1,321$878$567$358$222$27
37 years$1,272$833$530$330$201$23
38 years$1,224$792$497$304$182$19
39 years$1,180$753$465$280$165$16
40 years$1,137$717$436$258$150$14
41 years$1,097$682$409$238$136$12
42 years$1,059$650$384$220$123$10
43 years$1,023$619$360$203$112$8
44 years$989$590$338$187$102$7
45 years$956$563$317$173$92$6
46 years$924$537$298$160$84$5
47 years$894$512$280$148$76$4
48 years$866$489$263$137$69$4
49 years$838$467$247$126$63$3
50 years$812$446$232$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $832,000, adding $5,266 every year, while hoping to spend $41,921 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: 67/17/16 Blend
62$832,000$832,000$832,000$832,000
63$922,296$878,200$865,304$980,218
64$971,766$876,628$849,688$1,017,986
65$1,024,878$873,574$832,144$1,053,870
66$1,081,958$868,921$812,563$1,092,066
67$1,143,364$862,546$790,831$1,132,797
68$1,209,493$854,316$766,829$1,176,312
69$1,280,776$844,092$740,432$1,222,885
70$1,357,689$831,726$711,510$1,272,820
71$1,440,754$817,062$679,928$1,326,452
72$1,530,547$799,934$645,541$1,384,152
73$1,627,698$780,166$608,202$1,446,331
74$1,732,901$757,572$567,754$1,513,441
75$1,846,919$731,955$524,036$1,585,985
76$1,970,590$703,106$476,877$1,664,515
77$2,104,837$670,805$426,099$1,749,646
78$2,250,675$634,819$371,518$1,842,053
79$2,409,220$594,901$312,939$1,942,486
80$2,581,698$550,789$250,161$2,051,770
81$2,769,462$502,208$182,972$2,170,818
82$2,973,997$448,866$111,151$2,300,641
83$3,196,939$390,455$34,469$2,442,353
84$3,440,089$326,649$0$2,597,186
85$3,705,427$257,104$0$2,774,585
86$3,995,135$181,457$0$2,974,774
87$4,311,613$99,323$0$3,193,564
88$4,657,505$10,297$0$3,432,835
89$5,035,720$0$0$3,694,658
90$5,449,463$0$0$3,997,416
91$5,902,260$0$0$4,330,911
92$6,397,997$0$0$4,696,084
93$6,940,950$0$0$5,096,092
94$7,535,831$0$0$5,534,413
95$8,187,827$0$0$6,014,876
96$8,902,652$0$0$6,541,698
97$9,686,599$0$0$7,119,525
98$10,546,599$0$0$7,753,474
99$11,490,285$0$0$8,449,181
100$12,526,068$0$0$9,212,852