Can I retire at age 63 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$68,954$68,339$67,740$67,155$66,584$64,974
2 years$34,135$33,500$32,884$32,286$31,707$30,095
3 years$22,531$21,892$21,278$20,686$20,116$18,552
4 years$16,730$16,093$15,485$14,903$14,347$12,843
5 years$13,250$12,617$12,017$11,447$10,906$9,467
6 years$10,931$10,303$9,711$9,154$8,630$7,256
7 years$9,275$8,652$8,070$7,526$7,018$5,710
8 years$8,034$7,417$6,844$6,314$5,822$4,580
9 years$7,069$6,458$5,895$5,378$4,903$3,725
10 years$6,297$5,692$5,139$4,636$4,178$3,062
11 years$5,666$5,067$4,525$4,034$3,593$2,539
12 years$5,141$4,548$4,015$3,539$3,114$2,119
13 years$4,697$4,110$3,588$3,124$2,715$1,778
14 years$4,317$3,736$3,223$2,773$2,380$1,499
15 years$3,987$3,413$2,910$2,473$2,096$1,268
16 years$3,699$3,131$2,639$2,215$1,852$1,076
17 years$3,446$2,884$2,401$1,990$1,642$915
18 years$3,220$2,665$2,192$1,793$1,460$780
19 years$3,019$2,470$2,007$1,620$1,302$666
20 years$2,838$2,295$1,841$1,467$1,163$570
21 years$2,674$2,138$1,694$1,332$1,040$488
22 years$2,526$1,995$1,561$1,211$933$418
23 years$2,390$1,866$1,441$1,103$837$359
24 years$2,267$1,749$1,333$1,006$752$308
25 years$2,153$1,641$1,235$919$677$265
26 years$2,048$1,542$1,145$840$610$228
27 years$1,951$1,451$1,063$769$550$196
28 years$1,861$1,368$989$704$496$169
29 years$1,778$1,290$920$646$448$145
30 years$1,700$1,218$857$593$405$125
31 years$1,627$1,152$799$544$366$108
32 years$1,559$1,090$745$500$331$93
33 years$1,495$1,032$696$460$300$80
34 years$1,436$978$650$423$271$69
35 years$1,379$928$608$390$246$59
36 years$1,326$881$569$359$223$51
37 years$1,276$836$532$331$202$44
38 years$1,229$795$498$305$183$38
39 years$1,184$756$467$281$166$33
40 years$1,142$719$438$259$150$28
41 years$1,101$685$410$239$136$24
42 years$1,063$652$385$221$124$21
43 years$1,027$621$361$204$112$18
44 years$992$592$339$188$102$16
45 years$959$565$318$174$93$14
46 years$928$539$299$160$84$12
47 years$898$514$281$148$76$10
48 years$869$491$264$137$69$9
49 years$842$469$248$127$63$7
50 years$815$448$233$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $835,000, adding $4,081 every year, while hoping to spend $42,165 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: 45/49/6 Blend
62$835,000$835,000$835,000$835,000
63$924,380$880,125$867,182$964,264
64$973,803$878,387$851,369$990,429
65$1,026,855$875,152$833,614$1,014,075
66$1,083,860$870,300$813,806$1,038,726
67$1,145,175$863,707$791,831$1,064,489
68$1,211,195$855,240$767,568$1,091,483
69$1,282,348$844,758$740,893$1,119,841
70$1,359,109$832,113$711,674$1,149,714
71$1,441,997$817,145$679,774$1,181,269
72$1,531,583$799,688$645,050$1,214,695
73$1,628,497$779,565$607,351$1,250,203
74$1,733,427$756,587$566,521$1,288,030
75$1,847,133$730,557$522,396$1,328,439
76$1,970,450$701,263$474,805$1,371,726
77$2,104,294$668,484$423,570$1,418,221
78$2,249,676$631,983$368,503$1,468,292
79$2,407,705$591,512$309,410$1,522,348
80$2,579,603$546,808$246,087$1,580,849
81$2,766,713$497,592$178,321$1,644,304
82$2,970,514$443,570$105,891$1,713,282
83$3,192,633$384,432$28,565$1,788,416
84$3,434,860$319,848$0$1,870,410
85$3,699,167$249,472$0$1,963,501
86$3,987,723$172,937$0$2,067,283
87$4,302,916$89,855$0$2,180,910
88$4,647,374$0$0$2,305,476
89$5,023,992$0$0$2,442,291
90$5,435,957$0$0$2,645,038
91$5,886,776$0$0$2,867,004
92$6,380,315$0$0$3,110,104
93$6,920,827$0$0$3,376,446
94$7,512,997$0$0$3,668,352
95$8,161,985$0$0$3,988,379
96$8,873,474$0$0$4,339,343
97$9,653,722$0$0$4,724,346
98$10,509,623$0$0$5,146,805
99$11,448,769$0$0$5,610,482
100$12,479,524$0$0$6,119,524