Can I retire at age 63 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$68,788$68,176$67,578$66,994$66,425$65,513
2 years$34,054$33,419$32,805$32,209$31,631$30,714
3 years$22,477$21,840$21,227$20,637$20,068$19,174
4 years$16,690$16,055$15,448$14,867$14,313$13,449
5 years$13,218$12,587$11,988$11,420$10,880$10,050
6 years$10,905$10,278$9,688$9,132$8,609$7,812
7 years$9,253$8,632$8,051$7,508$7,002$6,239
8 years$8,015$7,399$6,828$6,298$5,808$5,079
9 years$7,052$6,442$5,881$5,365$4,892$4,196
10 years$6,282$5,678$5,127$4,625$4,168$3,505
11 years$5,653$5,055$4,514$4,025$3,584$2,954
12 years$5,129$4,537$4,006$3,530$3,106$2,508
13 years$4,686$4,100$3,579$3,117$2,709$2,141
14 years$4,306$3,727$3,216$2,767$2,374$1,837
15 years$3,978$3,405$2,903$2,467$2,091$1,582
16 years$3,691$3,124$2,632$2,209$1,848$1,367
17 years$3,437$2,877$2,395$1,985$1,638$1,185
18 years$3,213$2,658$2,187$1,789$1,457$1,029
19 years$3,012$2,464$2,002$1,616$1,298$896
20 years$2,831$2,289$1,837$1,464$1,160$781
21 years$2,668$2,133$1,690$1,329$1,038$683
22 years$2,520$1,991$1,557$1,208$930$597
23 years$2,385$1,862$1,438$1,100$835$523
24 years$2,261$1,744$1,330$1,003$751$458
25 years$2,148$1,637$1,232$916$675$402
26 years$2,043$1,539$1,142$838$608$353
27 years$1,946$1,448$1,061$767$549$310
28 years$1,857$1,364$986$703$495$272
29 years$1,773$1,287$918$644$447$239
30 years$1,696$1,216$855$591$404$211
31 years$1,623$1,149$797$543$365$185
32 years$1,555$1,087$744$499$330$163
33 years$1,492$1,030$694$459$299$144
34 years$1,432$976$649$422$271$127
35 years$1,376$926$606$389$245$112
36 years$1,323$879$567$358$222$98
37 years$1,273$834$531$330$201$87
38 years$1,226$793$497$304$182$76
39 years$1,181$754$466$280$165$67
40 years$1,139$717$437$259$150$59
41 years$1,099$683$409$239$136$52
42 years$1,061$650$384$220$124$46
43 years$1,024$620$360$203$112$41
44 years$990$591$338$188$102$36
45 years$957$563$318$173$92$32
46 years$925$537$298$160$84$28
47 years$895$513$280$148$76$25
48 years$867$490$263$137$69$22
49 years$839$467$248$126$63$19
50 years$813$447$233$117$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $833,000, adding $2,440 every year, while hoping to spend $27,787 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: 45/35/20 Blend
62$833,000$833,000$833,000$833,000
63$920,483$876,334$863,422$956,507
64$984,807$889,709$862,782$995,422
65$1,054,761$902,808$861,189$1,034,657
66$1,130,889$915,589$858,581$1,076,629
67$1,213,792$928,005$854,896$1,121,607
68$1,304,129$940,007$850,065$1,169,884
69$1,402,625$951,543$844,017$1,221,787
70$1,510,081$962,556$836,680$1,277,678
71$1,627,376$972,988$827,975$1,337,953
72$1,755,477$982,774$817,822$1,403,053
73$1,895,452$991,845$806,134$1,473,465
74$2,048,472$1,000,130$792,824$1,549,724
75$2,215,831$1,007,551$777,798$1,632,424
76$2,398,950$1,014,025$760,959$1,722,221
77$2,599,397$1,019,466$742,205$1,819,838
78$2,818,895$1,023,780$721,428$1,926,073
79$3,059,344$1,026,867$698,518$2,041,810
80$3,322,836$1,028,622$673,357$2,168,023
81$3,611,674$1,028,934$645,824$2,305,788
82$3,928,397$1,027,683$615,790$2,456,294
83$4,275,797$1,024,743$583,123$2,620,851
84$4,656,953$1,019,981$547,683$2,800,910
85$5,075,256$1,013,253$509,324$2,998,068
86$5,534,439$1,004,410$467,893$3,214,091
87$6,038,617$993,291$423,232$3,450,927
88$6,592,320$979,726$375,174$3,710,727
89$7,200,540$963,536$323,546$3,995,865
90$7,868,776$944,531$268,167$4,308,959
91$8,603,087$922,508$208,846$4,652,902
92$9,410,145$897,255$145,386$5,030,884
93$10,297,305$868,545$77,581$5,446,425
94$11,272,665$836,139$5,215$5,903,410
95$12,345,151$799,783$0$6,406,125
96$13,524,594$759,211$0$6,974,667
97$14,821,829$714,138$0$7,601,073
98$16,248,789$664,265$0$8,290,037
99$17,818,626$609,274$0$9,047,963
100$19,545,829$548,832$0$9,881,914