Can I retire at age 63 with 837,000?

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 $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%11.9%
1 years$69,119$68,503$67,902$67,316$66,744$66,212
2 years$34,217$33,580$32,962$32,363$31,783$31,247
3 years$22,585$21,945$21,329$20,736$20,164$19,641
4 years$16,770$16,132$15,522$14,939$14,381$13,874
5 years$13,282$12,648$12,046$11,474$10,932$10,443
6 years$10,957$10,328$9,735$9,176$8,650$8,180
7 years$9,297$8,673$8,090$7,544$7,035$6,583
8 years$8,053$7,434$6,861$6,329$5,836$5,403
9 years$7,086$6,473$5,909$5,391$4,915$4,500
10 years$6,312$5,706$5,152$4,647$4,188$3,791
11 years$5,680$5,079$4,535$4,044$3,602$3,223
12 years$5,153$4,559$4,025$3,547$3,121$2,760
13 years$4,708$4,120$3,596$3,132$2,722$2,378
14 years$4,327$3,745$3,231$2,780$2,386$2,059
15 years$3,997$3,421$2,917$2,479$2,101$1,790
16 years$3,708$3,139$2,645$2,220$1,857$1,562
17 years$3,454$2,891$2,407$1,995$1,646$1,367
18 years$3,228$2,671$2,197$1,797$1,464$1,200
19 years$3,026$2,476$2,011$1,624$1,305$1,055
20 years$2,845$2,300$1,846$1,471$1,165$930
21 years$2,681$2,143$1,698$1,335$1,043$820
22 years$2,532$2,000$1,565$1,214$935$725
23 years$2,396$1,871$1,445$1,105$839$642
24 years$2,272$1,753$1,336$1,008$754$569
25 years$2,158$1,645$1,238$921$679$504
26 years$2,053$1,546$1,148$842$611$448
27 years$1,956$1,455$1,066$771$551$398
28 years$1,865$1,371$991$706$497$353
29 years$1,782$1,293$922$647$449$314
30 years$1,704$1,221$859$594$406$280
31 years$1,631$1,155$801$546$367$249
32 years$1,563$1,093$747$502$332$222
33 years$1,499$1,035$698$461$300$198
34 years$1,439$981$652$424$272$176
35 years$1,383$930$609$391$246$157
36 years$1,329$883$570$360$223$140
37 years$1,279$838$534$331$202$125
38 years$1,232$797$500$306$183$111
39 years$1,187$758$468$282$166$99
40 years$1,144$721$439$260$151$89
41 years$1,104$686$411$240$137$79
42 years$1,066$654$386$221$124$71
43 years$1,029$623$362$204$113$63
44 years$994$594$340$189$102$56
45 years$961$566$319$174$93$50
46 years$930$540$300$161$84$45
47 years$900$515$282$149$77$40
48 years$871$492$265$137$70$36
49 years$844$470$249$127$63$32
50 years$817$449$234$117$57$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $837,000, adding $2,284 every year, while hoping to spend $23,635 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: 62/18/20 Blend
62$837,000$837,000$837,000$837,000
63$924,730$880,369$867,395$977,149
64$993,905$898,360$871,306$1,030,783
65$1,069,344$916,440$874,555$1,086,474
66$1,151,660$934,588$877,096$1,146,732
67$1,241,530$952,784$878,879$1,212,005
68$1,339,697$971,001$879,852$1,282,787
69$1,446,980$989,215$879,962$1,359,619
70$1,564,282$1,007,395$879,150$1,443,102
71$1,692,593$1,025,513$877,356$1,533,895
72$1,833,009$1,043,534$874,519$1,632,726
73$1,986,731$1,061,423$870,571$1,740,398
74$2,155,087$1,079,141$865,444$1,857,793
75$2,339,534$1,096,647$859,064$1,985,886
76$2,541,680$1,113,897$851,357$2,125,753
77$2,763,297$1,130,843$842,242$2,278,576
78$3,006,332$1,147,433$831,637$2,445,662
79$3,272,934$1,163,614$819,453$2,628,448
80$3,565,469$1,179,326$805,600$2,828,522
81$3,886,541$1,194,507$789,981$3,047,632
82$4,239,020$1,209,090$772,498$3,287,705
83$4,626,067$1,223,003$753,044$3,550,866
84$5,051,166$1,236,170$731,510$3,839,458
85$5,518,151$1,248,509$707,782$4,156,062
86$6,031,250$1,259,933$681,740$4,503,526
87$6,595,117$1,270,349$653,259$4,884,986
88$7,214,882$1,279,660$622,206$5,303,901
89$7,896,196$1,287,759$588,446$5,764,084
90$8,645,284$1,294,535$551,835$6,269,739
91$9,469,005$1,299,869$512,223$6,825,497
92$10,374,915$1,303,635$469,454$7,436,466
93$11,371,340$1,305,697$423,365$8,108,274
94$12,467,454$1,305,912$373,784$8,847,129
95$13,673,362$1,304,130$320,534$9,659,869
96$15,000,202$1,300,189$263,428$10,554,033
97$16,460,241$1,293,917$202,273$11,537,934
98$18,067,001$1,285,134$136,863$12,620,732
99$19,835,376$1,273,647$66,989$13,812,523
100$21,781,780$1,259,251$0$15,124,439