Can I retire at age 63 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,201$68,585$67,983$67,396$66,823$65,076
2 years$34,258$33,620$33,002$32,402$31,821$30,072
3 years$22,612$21,971$21,354$20,760$20,188$18,493
4 years$16,790$16,151$15,540$14,957$14,398$12,770
5 years$13,298$12,663$12,060$11,488$10,945$9,388
6 years$10,970$10,340$9,746$9,187$8,661$7,176
7 years$9,308$8,684$8,099$7,553$7,044$5,631
8 years$8,063$7,443$6,869$6,336$5,843$4,503
9 years$7,094$6,481$5,916$5,397$4,921$3,652
10 years$6,320$5,712$5,158$4,652$4,193$2,993
11 years$5,687$5,086$4,541$4,049$3,606$2,473
12 years$5,160$4,564$4,030$3,551$3,125$2,058
13 years$4,714$4,125$3,600$3,135$2,725$1,721
14 years$4,332$3,749$3,235$2,783$2,389$1,446
15 years$4,002$3,425$2,921$2,482$2,103$1,219
16 years$3,713$3,143$2,648$2,223$1,859$1,030
17 years$3,458$2,894$2,410$1,997$1,648$873
18 years$3,232$2,674$2,200$1,800$1,465$742
19 years$3,030$2,479$2,014$1,626$1,306$631
20 years$2,848$2,303$1,848$1,473$1,167$538
21 years$2,684$2,145$1,700$1,337$1,044$459
22 years$2,535$2,003$1,567$1,215$936$392
23 years$2,399$1,873$1,447$1,107$840$335
24 years$2,275$1,755$1,338$1,009$755$286
25 years$2,160$1,647$1,239$922$679$245
26 years$2,055$1,548$1,149$843$612$210
27 years$1,958$1,457$1,067$772$552$180
28 years$1,868$1,373$992$707$498$154
29 years$1,784$1,295$923$648$450$132
30 years$1,706$1,223$860$595$406$113
31 years$1,633$1,156$802$546$367$97
32 years$1,565$1,094$748$502$332$83
33 years$1,501$1,036$698$462$301$72
34 years$1,441$982$653$425$272$61
35 years$1,384$931$610$391$247$53
36 years$1,331$884$571$360$223$45
37 years$1,281$839$534$332$202$39
38 years$1,233$798$500$306$184$33
39 years$1,188$759$469$282$166$29
40 years$1,146$722$439$260$151$25
41 years$1,105$687$412$240$137$21
42 years$1,067$654$386$222$124$18
43 years$1,030$623$363$204$113$16
44 years$996$594$340$189$102$13
45 years$963$567$320$174$93$12
46 years$931$541$300$161$84$10
47 years$901$516$282$149$77$8
48 years$872$492$265$138$70$7
49 years$845$470$249$127$63$6
50 years$818$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 $838,000, adding $2,989 every year, while hoping to spend $25,482 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: 76/16/8 Blend
62$838,000$838,000$838,000$838,000
63$926,559$882,145$869,156$995,661
64$993,956$898,258$871,160$1,057,636
65$1,067,372$914,306$872,377$1,121,993
66$1,147,397$930,259$872,754$1,191,801
67$1,234,675$946,085$872,235$1,267,592
68$1,329,918$961,750$870,762$1,349,950
69$1,433,909$977,215$868,272$1,439,519
70$1,547,510$992,441$864,701$1,537,010
71$1,671,669$1,007,384$859,982$1,643,205
72$1,807,432$1,021,998$854,043$1,758,964
73$1,955,948$1,036,233$846,812$1,885,237
74$2,118,483$1,050,038$838,209$2,023,068
75$2,296,433$1,063,354$828,153$2,173,611
76$2,491,332$1,076,121$816,559$2,338,132
77$2,704,871$1,088,274$803,337$2,518,032
78$2,938,914$1,099,745$788,394$2,714,849
79$3,195,510$1,110,460$771,633$2,930,283
80$3,476,919$1,120,340$752,950$3,166,202
81$3,785,629$1,129,301$732,238$3,424,668
82$4,124,381$1,137,254$709,386$3,707,952
83$4,496,193$1,144,105$684,275$4,018,557
84$4,904,390$1,149,751$656,783$4,359,240
85$5,352,635$1,154,086$626,783$4,733,041
86$5,844,963$1,156,996$594,139$5,143,309
87$6,385,819$1,158,358$558,713$5,593,735
88$6,980,099$1,158,044$520,356$6,088,386
89$7,633,198$1,155,917$478,917$6,631,745
90$8,351,058$1,151,831$434,235$7,228,750
91$9,140,228$1,145,633$386,143$7,884,847
92$10,007,919$1,137,157$334,468$8,606,035
93$10,962,080$1,126,231$279,025$9,398,925
94$12,011,466$1,112,670$219,626$10,270,805
95$13,165,724$1,096,279$156,072$11,229,704
96$14,435,482$1,076,851$88,155$12,284,472
97$15,832,452$1,054,168$15,659$13,444,864
98$17,369,536$1,027,996$0$14,721,627
99$19,060,950$998,090$0$16,131,877
100$20,922,361$964,189$0$17,685,169