Can I retire at age 63 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$69,036$68,421$67,821$67,236$66,664$65,398
2 years$34,176$33,540$32,923$32,325$31,745$30,474
3 years$22,558$21,919$21,303$20,711$20,140$18,905
4 years$16,750$16,113$15,503$14,921$14,364$13,173
5 years$13,266$12,632$12,031$11,461$10,919$9,777
6 years$10,944$10,315$9,723$9,165$8,640$7,547
7 years$9,286$8,663$8,080$7,535$7,027$5,983
8 years$8,043$7,426$6,852$6,321$5,829$4,835
9 years$7,077$6,465$5,902$5,384$4,909$3,963
10 years$6,305$5,699$5,145$4,641$4,183$3,284
11 years$5,673$5,073$4,530$4,039$3,597$2,746
12 years$5,147$4,554$4,020$3,543$3,117$2,311
13 years$4,703$4,115$3,592$3,128$2,718$1,956
14 years$4,322$3,741$3,227$2,777$2,383$1,664
15 years$3,992$3,417$2,914$2,476$2,098$1,420
16 years$3,704$3,135$2,642$2,217$1,854$1,216
17 years$3,450$2,887$2,404$1,992$1,644$1,044
18 years$3,224$2,668$2,194$1,795$1,462$899
19 years$3,023$2,473$2,009$1,622$1,303$775
20 years$2,841$2,298$1,844$1,469$1,164$669
21 years$2,678$2,140$1,696$1,333$1,042$579
22 years$2,529$1,998$1,563$1,212$934$501
23 years$2,393$1,869$1,443$1,104$838$435
24 years$2,269$1,751$1,335$1,007$753$377
25 years$2,155$1,643$1,236$920$678$327
26 years$2,050$1,544$1,146$841$611$284
27 years$1,953$1,453$1,065$770$550$247
28 years$1,863$1,369$990$705$497$215
29 years$1,780$1,292$921$647$449$187
30 years$1,702$1,220$858$594$405$163
31 years$1,629$1,153$800$545$366$142
32 years$1,561$1,091$746$501$331$123
33 years$1,497$1,033$697$461$300$108
34 years$1,437$979$651$424$272$94
35 years$1,381$929$609$390$246$82
36 years$1,328$882$569$359$223$71
37 years$1,278$837$533$331$202$62
38 years$1,230$796$499$305$183$54
39 years$1,185$757$468$281$166$47
40 years$1,143$720$438$260$151$41
41 years$1,103$685$411$239$137$36
42 years$1,064$653$385$221$124$31
43 years$1,028$622$362$204$113$27
44 years$993$593$340$188$102$24
45 years$960$565$319$174$93$21
46 years$929$539$299$161$84$18
47 years$899$515$281$148$76$16
48 years$870$491$264$137$69$14
49 years$843$469$248$127$63$12
50 years$816$448$234$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $836,000, adding $4,444 every year, while hoping to spend $57,289 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: 56/25/19 Blend
62$836,000$836,000$836,000$836,000
63$925,856$881,548$868,590$972,764
64$959,338$863,789$836,733$987,477
65$994,316$843,239$801,888$996,976
66$1,030,880$819,702$763,896$1,006,058
67$1,069,131$792,969$722,588$1,014,696
68$1,109,177$762,819$677,788$1,022,864
69$1,151,133$729,017$629,314$1,030,538
70$1,195,127$691,317$576,975$1,037,693
71$1,241,295$649,457$520,569$1,044,305
72$1,289,787$603,160$459,888$1,050,354
73$1,340,764$552,134$394,713$1,055,820
74$1,394,403$496,069$324,816$1,060,686
75$1,450,894$434,639$249,960$1,064,937
76$1,510,447$367,498$169,895$1,068,563
77$1,573,289$294,281$84,363$1,071,558
78$1,639,666$214,603$0$1,073,921
79$1,709,851$128,057$0$1,077,057
80$1,784,136$34,213$0$1,097,921
81$1,862,845$0$0$1,119,470
82$1,946,329$0$0$1,160,332
83$2,034,973$0$0$1,213,751
84$2,129,198$0$0$1,270,574
85$2,229,462$0$0$1,331,082
86$2,336,272$0$0$1,395,586
87$2,450,177$0$0$1,464,425
88$2,571,781$0$0$1,537,969
89$2,701,748$0$0$1,616,627
90$2,840,802$0$0$1,700,843
91$2,989,739$0$0$1,791,109
92$3,149,432$0$0$1,887,960
93$3,320,838$0$0$1,991,986
94$3,505,007$0$0$2,103,833
95$3,703,093$0$0$2,224,212
96$3,916,361$0$0$2,353,902
97$4,146,203$0$0$2,493,758
98$4,394,146$0$0$2,644,723
99$4,661,868$0$0$2,807,829
100$4,951,211$0$0$2,984,212