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%13.6%
1 years$69,036$68,421$67,821$67,236$66,664$65,668
2 years$34,176$33,540$32,923$32,325$31,745$30,743
3 years$22,558$21,919$21,303$20,711$20,140$19,165
4 years$16,750$16,113$15,503$14,921$14,364$13,422
5 years$13,266$12,632$12,031$11,461$10,919$10,014
6 years$10,944$10,315$9,723$9,165$8,640$7,772
7 years$9,286$8,663$8,080$7,535$7,027$6,196
8 years$8,043$7,426$6,852$6,321$5,829$5,036
9 years$7,077$6,465$5,902$5,384$4,909$4,153
10 years$6,305$5,699$5,145$4,641$4,183$3,463
11 years$5,673$5,073$4,530$4,039$3,597$2,913
12 years$5,147$4,554$4,020$3,543$3,117$2,468
13 years$4,703$4,115$3,592$3,128$2,718$2,103
14 years$4,322$3,741$3,227$2,777$2,383$1,800
15 years$3,992$3,417$2,914$2,476$2,098$1,547
16 years$3,704$3,135$2,642$2,217$1,854$1,334
17 years$3,450$2,887$2,404$1,992$1,644$1,154
18 years$3,224$2,668$2,194$1,795$1,462$1,000
19 years$3,023$2,473$2,009$1,622$1,303$869
20 years$2,841$2,298$1,844$1,469$1,164$756
21 years$2,678$2,140$1,696$1,333$1,042$659
22 years$2,529$1,998$1,563$1,212$934$575
23 years$2,393$1,869$1,443$1,104$838$502
24 years$2,269$1,751$1,335$1,007$753$439
25 years$2,155$1,643$1,236$920$678$384
26 years$2,050$1,544$1,146$841$611$337
27 years$1,953$1,453$1,065$770$550$295
28 years$1,863$1,369$990$705$497$259
29 years$1,780$1,292$921$647$449$227
30 years$1,702$1,220$858$594$405$199
31 years$1,629$1,153$800$545$366$175
32 years$1,561$1,091$746$501$331$154
33 years$1,497$1,033$697$461$300$135
34 years$1,437$979$651$424$272$119
35 years$1,381$929$609$390$246$104
36 years$1,328$882$569$359$223$92
37 years$1,278$837$533$331$202$80
38 years$1,230$796$499$305$183$71
39 years$1,185$757$468$281$166$62
40 years$1,143$720$438$260$151$55
41 years$1,103$685$411$239$137$48
42 years$1,064$653$385$221$124$42
43 years$1,028$622$362$204$113$37
44 years$993$593$340$188$102$33
45 years$960$565$319$174$93$29
46 years$929$539$299$161$84$25
47 years$899$515$281$148$76$22
48 years$870$491$264$137$69$20
49 years$843$469$248$127$63$17
50 years$816$448$234$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $836,000, adding $5,991 every year, while hoping to spend $24,637 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: 70/23/7 Blend
62$836,000$836,000$836,000$836,000
63$927,452$883,144$870,186$990,941
64$995,838$900,204$873,123$1,050,777
65$1,070,374$917,275$875,334$1,112,622
66$1,151,662$934,330$876,766$1,179,618
67$1,240,361$951,343$877,368$1,252,264
68$1,337,202$968,283$877,084$1,331,111
69$1,442,986$985,118$875,856$1,416,765
70$1,558,596$1,001,814$873,622$1,509,895
71$1,685,004$1,018,333$870,319$1,611,237
72$1,823,278$1,034,636$865,879$1,721,602
73$1,974,599$1,050,680$860,233$1,841,883
74$2,140,263$1,066,418$853,305$1,973,065
75$2,321,699$1,081,801$845,020$2,116,232
76$2,520,479$1,096,777$835,295$2,272,580
77$2,738,337$1,111,288$824,047$2,443,425
78$2,977,181$1,125,275$811,186$2,630,218
79$3,239,112$1,138,672$796,620$2,834,559
80$3,526,446$1,151,411$780,250$3,058,209
81$3,841,731$1,163,417$761,976$3,303,110
82$4,187,776$1,174,614$741,691$3,571,402
83$4,567,675$1,184,915$719,284$3,865,443
84$4,984,835$1,194,233$694,637$4,187,832
85$5,443,010$1,202,473$667,629$4,541,433
86$5,946,335$1,209,532$638,132$4,929,401
87$6,499,366$1,215,303$606,014$5,355,217
88$7,107,120$1,219,672$571,135$5,822,713
89$7,775,128$1,222,517$533,349$6,336,114
90$8,509,479$1,223,709$492,504$6,900,078
91$9,316,884$1,223,109$448,442$7,519,735
92$10,204,737$1,220,572$400,995$8,200,743
93$11,181,184$1,215,943$349,992$8,949,334
94$12,255,198$1,209,058$295,250$9,772,380
95$13,436,668$1,199,742$236,581$10,677,451
96$14,736,488$1,187,809$173,786$11,672,894
97$16,166,662$1,173,064$106,661$12,767,906
98$17,740,416$1,155,299$34,988$13,972,624
99$19,472,323$1,134,293$0$15,298,220
100$21,378,439$1,109,813$0$16,760,107