Can I retire at age 63 with 835,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$68,954$68,339$67,740$67,155$66,584$64,895
2 years$34,135$33,500$32,884$32,286$31,707$30,016
3 years$22,531$21,892$21,278$20,686$20,116$18,477
4 years$16,730$16,093$15,485$14,903$14,347$12,772
5 years$13,250$12,617$12,017$11,447$10,906$9,399
6 years$10,931$10,303$9,711$9,154$8,630$7,192
7 years$9,275$8,652$8,070$7,526$7,018$5,651
8 years$8,034$7,417$6,844$6,314$5,822$4,524
9 years$7,069$6,458$5,895$5,378$4,903$3,673
10 years$6,297$5,692$5,139$4,636$4,178$3,014
11 years$5,666$5,067$4,525$4,034$3,593$2,494
12 years$5,141$4,548$4,015$3,539$3,114$2,078
13 years$4,697$4,110$3,588$3,124$2,715$1,740
14 years$4,317$3,736$3,223$2,773$2,380$1,464
15 years$3,987$3,413$2,910$2,473$2,096$1,236
16 years$3,699$3,131$2,639$2,215$1,852$1,046
17 years$3,446$2,884$2,401$1,990$1,642$888
18 years$3,220$2,665$2,192$1,793$1,460$755
19 years$3,019$2,470$2,007$1,620$1,302$644
20 years$2,838$2,295$1,841$1,467$1,163$549
21 years$2,674$2,138$1,694$1,332$1,040$469
22 years$2,526$1,995$1,561$1,211$933$401
23 years$2,390$1,866$1,441$1,103$837$344
24 years$2,267$1,749$1,333$1,006$752$294
25 years$2,153$1,641$1,235$919$677$252
26 years$2,048$1,542$1,145$840$610$216
27 years$1,951$1,451$1,063$769$550$186
28 years$1,861$1,368$989$704$496$159
29 years$1,778$1,290$920$646$448$137
30 years$1,700$1,218$857$593$405$118
31 years$1,627$1,152$799$544$366$101
32 years$1,559$1,090$745$500$331$87
33 years$1,495$1,032$696$460$300$75
34 years$1,436$978$650$423$271$64
35 years$1,379$928$608$390$246$55
36 years$1,326$881$569$359$223$47
37 years$1,276$836$532$331$202$41
38 years$1,229$795$498$305$183$35
39 years$1,184$756$467$281$166$30
40 years$1,142$719$438$259$150$26
41 years$1,101$685$410$239$136$22
42 years$1,063$652$385$221$124$19
43 years$1,027$621$361$204$112$17
44 years$992$592$339$188$102$14
45 years$959$565$318$174$93$12
46 years$928$539$299$160$84$11
47 years$898$514$281$148$76$9
48 years$869$491$264$137$69$8
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 $4,671 every year, while hoping to spend $29,743 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: 39/45/16 Blend
62$835,000$835,000$835,000$835,000
63$924,988$880,733$867,791$956,466
64$987,691$892,243$865,215$990,871
65$1,055,792$903,319$861,557$1,024,831
66$1,129,811$913,911$856,748$1,060,916
67$1,210,320$923,960$850,716$1,099,335
68$1,297,946$933,408$843,389$1,140,317
69$1,393,382$942,190$834,688$1,184,116
70$1,497,388$950,239$824,532$1,231,014
71$1,610,803$957,481$812,834$1,281,322
72$1,734,546$963,840$799,506$1,335,385
73$1,869,634$969,232$784,454$1,393,586
74$2,017,184$973,571$767,579$1,456,346
75$2,178,424$976,763$748,780$1,524,133
76$2,354,708$978,710$727,950$1,597,465
77$2,547,527$979,305$704,975$1,676,914
78$2,758,521$978,438$679,738$1,763,113
79$2,989,499$975,990$652,117$1,856,763
80$3,242,448$971,834$621,984$1,958,637
81$3,519,561$965,837$589,204$2,069,594
82$3,823,251$957,857$553,636$2,190,579
83$4,156,175$947,745$515,135$2,322,639
84$4,521,260$935,339$473,548$2,466,933
85$4,921,730$920,472$428,713$2,624,740
86$5,361,136$902,965$380,465$2,797,474
87$5,843,389$882,628$328,628$2,986,697
88$6,372,798$859,260$273,020$3,194,137
89$6,954,108$832,648$213,450$3,421,701
90$7,592,547$802,568$149,721$3,671,497
91$8,293,874$768,781$81,624$3,945,854
92$9,064,433$731,036$8,943$4,247,343
93$9,911,214$689,065$0$4,578,806
94$10,841,916$642,588$0$4,955,095
95$11,865,022$591,305$0$5,370,349
96$12,989,878$534,902$0$5,826,909
97$14,226,780$473,047$0$6,329,042
98$15,587,071$405,386$0$6,881,456
99$17,083,251$331,549$0$7,489,348
100$18,729,089$251,141$0$8,158,451