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%13.5%
1 years$68,706$68,094$67,497$66,914$66,345$65,380
2 years$34,013$33,379$32,765$32,170$31,593$30,623
3 years$22,450$21,814$21,201$20,612$20,044$19,099
4 years$16,670$16,035$15,429$14,850$14,295$13,383
5 years$13,202$12,572$11,974$11,406$10,867$9,990
6 years$10,892$10,266$9,677$9,121$8,599$7,757
7 years$9,242$8,621$8,041$7,499$6,993$6,188
8 years$8,005$7,390$6,820$6,291$5,801$5,032
9 years$7,043$6,434$5,874$5,358$4,886$4,152
10 years$6,275$5,672$5,121$4,619$4,163$3,464
11 years$5,646$5,049$4,508$4,020$3,580$2,916
12 years$5,123$4,532$4,001$3,526$3,103$2,472
13 years$4,680$4,095$3,575$3,113$2,705$2,108
14 years$4,301$3,723$3,212$2,763$2,372$1,806
15 years$3,973$3,401$2,900$2,464$2,088$1,553
16 years$3,686$3,120$2,629$2,207$1,845$1,340
17 years$3,433$2,873$2,392$1,983$1,636$1,160
18 years$3,209$2,655$2,184$1,787$1,455$1,006
19 years$3,008$2,461$1,999$1,614$1,297$875
20 years$2,828$2,287$1,835$1,462$1,158$762
21 years$2,665$2,130$1,688$1,327$1,037$664
22 years$2,517$1,988$1,555$1,207$929$580
23 years$2,382$1,860$1,436$1,099$834$507
24 years$2,258$1,742$1,328$1,002$750$444
25 years$2,145$1,635$1,230$915$675$389
26 years$2,041$1,537$1,141$837$608$341
27 years$1,944$1,446$1,060$766$548$299
28 years$1,854$1,363$985$702$494$262
29 years$1,771$1,286$917$644$446$230
30 years$1,694$1,214$854$591$403$202
31 years$1,621$1,148$796$542$365$178
32 years$1,553$1,086$743$499$330$156
33 years$1,490$1,028$693$458$299$137
34 years$1,430$975$648$422$270$121
35 years$1,374$925$606$388$245$106
36 years$1,321$878$567$358$222$93
37 years$1,272$833$530$330$201$82
38 years$1,224$792$497$304$182$72
39 years$1,180$753$465$280$165$64
40 years$1,137$717$436$258$150$56
41 years$1,097$682$409$238$136$49
42 years$1,059$650$384$220$123$43
43 years$1,023$619$360$203$112$38
44 years$989$590$338$187$102$34
45 years$956$563$317$173$92$30
46 years$924$537$298$160$84$26
47 years$894$512$280$148$76$23
48 years$866$489$263$137$69$20
49 years$838$467$247$126$63$18
50 years$812$446$232$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $832,000, adding $4,672 every year, while hoping to spend $22,493 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: 45/42/13 Blend
62$832,000$832,000$832,000$832,000
63$921,683$877,587$864,691$959,544
64$991,762$896,657$869,726$1,005,411
65$1,068,236$915,906$874,176$1,052,467
66$1,151,732$935,322$877,997$1,102,995
67$1,242,943$954,887$881,143$1,157,326
68$1,342,630$974,583$883,568$1,215,823
69$1,451,631$994,391$885,221$1,278,886
70$1,570,870$1,014,289$886,049$1,346,957
71$1,701,364$1,034,254$885,996$1,420,522
72$1,844,231$1,054,260$885,005$1,500,118
73$2,000,705$1,074,281$883,015$1,586,335
74$2,172,142$1,094,286$879,962$1,679,825
75$2,360,038$1,114,244$875,778$1,781,306
76$2,566,039$1,134,119$870,393$1,891,570
77$2,791,958$1,153,874$863,735$2,011,490
78$3,039,793$1,173,469$855,725$2,142,028
79$3,311,743$1,192,860$846,283$2,284,246
80$3,610,232$1,212,001$835,324$2,439,312
81$3,937,928$1,230,842$822,760$2,608,517
82$4,297,772$1,249,328$808,498$2,793,283
83$4,693,003$1,267,403$792,441$2,995,177
84$5,127,188$1,285,005$774,486$3,215,929
85$5,604,259$1,302,067$754,529$3,457,443
86$6,128,544$1,318,520$732,457$3,721,822
87$6,704,816$1,334,287$708,154$4,011,382
88$7,338,328$1,349,288$681,498$4,328,678
89$8,034,872$1,363,438$652,363$4,676,525
90$8,800,826$1,376,643$620,614$5,058,031
91$9,643,219$1,388,808$586,114$5,476,617
92$10,569,795$1,399,827$548,716$5,936,060
93$11,589,085$1,409,589$508,268$6,440,519
94$12,710,489$1,417,976$464,613$6,994,585
95$13,944,365$1,424,863$417,584$7,603,315
96$15,302,125$1,430,116$367,007$8,272,287
97$16,796,342$1,433,592$312,702$9,007,649
98$18,440,871$1,435,141$254,481$9,816,179
99$20,250,979$1,434,602$192,144$10,705,352
100$22,243,485$1,431,804$125,488$11,683,406