Can I retire at age 63 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$69,119$68,503$67,902$67,316$66,744$64,972
2 years$34,217$33,580$32,962$32,363$31,783$30,010
3 years$22,585$21,945$21,329$20,736$20,164$18,446
4 years$16,770$16,132$15,522$14,939$14,381$12,731
5 years$13,282$12,648$12,046$11,474$10,932$9,355
6 years$10,957$10,328$9,735$9,176$8,650$7,146
7 years$9,297$8,673$8,090$7,544$7,035$5,605
8 years$8,053$7,434$6,861$6,329$5,836$4,480
9 years$7,086$6,473$5,909$5,391$4,915$3,630
10 years$6,312$5,706$5,152$4,647$4,188$2,973
11 years$5,680$5,079$4,535$4,044$3,602$2,456
12 years$5,153$4,559$4,025$3,547$3,121$2,042
13 years$4,708$4,120$3,596$3,132$2,722$1,707
14 years$4,327$3,745$3,231$2,780$2,386$1,433
15 years$3,997$3,421$2,917$2,479$2,101$1,207
16 years$3,708$3,139$2,645$2,220$1,857$1,020
17 years$3,454$2,891$2,407$1,995$1,646$864
18 years$3,228$2,671$2,197$1,797$1,464$733
19 years$3,026$2,476$2,011$1,624$1,305$623
20 years$2,845$2,300$1,846$1,471$1,165$530
21 years$2,681$2,143$1,698$1,335$1,043$452
22 years$2,532$2,000$1,565$1,214$935$386
23 years$2,396$1,871$1,445$1,105$839$330
24 years$2,272$1,753$1,336$1,008$754$282
25 years$2,158$1,645$1,238$921$679$241
26 years$2,053$1,546$1,148$842$611$206
27 years$1,956$1,455$1,066$771$551$176
28 years$1,865$1,371$991$706$497$151
29 years$1,782$1,293$922$647$449$129
30 years$1,704$1,221$859$594$406$111
31 years$1,631$1,155$801$546$367$95
32 years$1,563$1,093$747$502$332$81
33 years$1,499$1,035$698$461$300$70
34 years$1,439$981$652$424$272$60
35 years$1,383$930$609$391$246$51
36 years$1,329$883$570$360$223$44
37 years$1,279$838$534$331$202$38
38 years$1,232$797$500$306$183$32
39 years$1,187$758$468$282$166$28
40 years$1,144$721$439$260$151$24
41 years$1,104$686$411$240$137$20
42 years$1,066$654$386$221$124$18
43 years$1,029$623$362$204$113$15
44 years$994$594$340$189$102$13
45 years$961$566$319$174$93$11
46 years$930$540$300$161$84$10
47 years$900$515$282$149$77$8
48 years$871$492$265$137$70$7
49 years$844$470$249$127$63$6
50 years$817$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $837,000, adding $4,477 every year, while hoping to spend $46,153 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: 74/12/14 Blend
62$837,000$837,000$837,000$837,000
63$926,992$882,631$869,658$992,482
64$972,439$876,774$849,685$1,030,539
65$1,020,974$869,082$827,496$1,066,073
66$1,072,865$859,418$802,968$1,103,761
67$1,128,402$847,635$775,973$1,143,803
68$1,187,907$833,577$746,375$1,186,422
69$1,251,730$817,079$714,035$1,231,863
70$1,320,256$797,966$678,806$1,280,397
71$1,393,909$776,053$640,533$1,332,324
72$1,473,153$751,144$599,056$1,387,974
73$1,558,497$723,033$554,206$1,447,713
74$1,650,502$691,499$505,810$1,511,945
75$1,749,781$656,311$453,683$1,581,115
76$1,857,012$617,223$397,634$1,655,716
77$1,972,935$573,975$337,463$1,736,293
78$2,098,368$526,293$272,961$1,823,445
79$2,234,207$473,887$203,911$1,917,836
80$2,381,438$416,449$130,084$2,020,200
81$2,541,146$353,657$51,243$2,131,346
82$2,714,524$285,167$0$2,252,167
83$2,902,883$210,618$0$2,388,564
84$3,107,666$129,627$0$2,545,202
85$3,330,460$41,791$0$2,715,661
86$3,573,013$0$0$2,901,312
87$3,837,246$0$0$3,110,706
88$4,125,274$0$0$3,345,004
89$4,439,424$0$0$3,600,587
90$4,782,259$0$0$3,879,542
91$5,156,599$0$0$4,184,169
92$5,565,547$0$0$4,516,999
93$6,012,522$0$0$4,880,818
94$6,501,286$0$0$5,278,694
95$7,035,982$0$0$5,714,004
96$7,621,171$0$0$6,190,467
97$8,261,877$0$0$6,712,180
98$8,963,629$0$0$7,283,651
99$9,732,520$0$0$7,909,847
100$10,575,258$0$0$8,596,238