Can I retire at age 63 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$69,284$68,667$68,065$67,477$66,903$66,481
2 years$34,299$33,660$33,041$32,441$31,859$31,433
3 years$22,639$21,997$21,380$20,785$20,212$19,797
4 years$16,810$16,170$15,559$14,975$14,416$14,013
5 years$13,313$12,678$12,074$11,502$10,959$10,569
6 years$10,983$10,352$9,758$9,198$8,671$8,296
7 years$9,320$8,694$8,109$7,562$7,052$6,692
8 years$8,072$7,452$6,877$6,344$5,850$5,505
9 years$7,103$6,489$5,923$5,404$4,927$4,596
10 years$6,327$5,719$5,164$4,658$4,198$3,881
11 years$5,694$5,092$4,546$4,054$3,610$3,308
12 years$5,166$4,570$4,035$3,556$3,129$2,840
13 years$4,720$4,130$3,605$3,139$2,728$2,453
14 years$4,337$3,754$3,239$2,787$2,392$2,129
15 years$4,006$3,429$2,924$2,485$2,106$1,856
16 years$3,717$3,146$2,651$2,225$1,861$1,624
17 years$3,462$2,898$2,413$1,999$1,650$1,426
18 years$3,236$2,678$2,202$1,802$1,467$1,254
19 years$3,033$2,482$2,016$1,628$1,308$1,106
20 years$2,851$2,306$1,850$1,475$1,168$978
21 years$2,687$2,148$1,702$1,338$1,045$865
22 years$2,538$2,005$1,569$1,217$937$767
23 years$2,402$1,875$1,448$1,108$841$681
24 years$2,277$1,757$1,339$1,011$756$605
25 years$2,163$1,649$1,241$923$680$538
26 years$2,058$1,550$1,151$844$613$479
27 years$1,960$1,458$1,068$772$552$427
28 years$1,870$1,374$993$708$498$381
29 years$1,786$1,296$924$649$450$340
30 years$1,708$1,224$861$596$407$303
31 years$1,635$1,157$803$547$368$271
32 years$1,567$1,095$749$503$333$242
33 years$1,503$1,037$699$462$301$216
34 years$1,442$983$653$425$273$194
35 years$1,386$932$611$392$247$173
36 years$1,333$885$571$361$224$155
37 years$1,282$840$535$332$203$139
38 years$1,235$799$501$306$184$124
39 years$1,190$760$469$282$167$111
40 years$1,147$723$440$260$151$100
41 years$1,107$688$412$240$137$89
42 years$1,068$655$387$222$124$80
43 years$1,032$624$363$205$113$72
44 years$997$595$341$189$103$64
45 years$964$567$320$175$93$57
46 years$932$541$300$161$84$51
47 years$902$517$282$149$77$46
48 years$873$493$265$138$70$41
49 years$846$471$249$127$63$37
50 years$819$450$234$118$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $839,000, adding $3,397 every year, while hoping to spend $25,839 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: 55/34/11 Blend
62$839,000$839,000$839,000$839,000
63$928,082$883,615$870,611$976,368
64$995,254$899,420$872,283$1,025,278
65$1,068,411$915,133$873,146$1,075,387
66$1,148,137$930,722$873,145$1,129,337
67$1,235,074$946,155$872,222$1,187,499
68$1,329,928$961,392$870,318$1,250,281
69$1,433,477$976,397$867,369$1,318,133
70$1,546,576$991,125$863,311$1,391,551
71$1,670,168$1,005,531$858,073$1,471,083
72$1,805,291$1,019,568$851,584$1,557,332
73$1,953,086$1,033,182$843,768$1,650,962
74$2,114,812$1,046,319$834,545$1,752,709
75$2,291,852$1,058,918$823,832$1,863,379
76$2,485,733$1,070,917$811,542$1,983,866
77$2,698,133$1,082,247$797,584$2,115,151
78$2,930,902$1,092,837$781,863$2,258,321
79$3,186,076$1,102,608$764,277$2,414,570
80$3,465,899$1,111,479$744,724$2,585,218
81$3,772,842$1,119,363$723,093$2,771,717
82$4,109,625$1,126,165$699,270$2,975,671
83$4,479,247$1,131,787$673,136$3,198,849
84$4,885,010$1,136,124$644,565$3,443,200
85$5,330,549$1,139,063$613,427$3,710,873
86$5,819,873$1,140,485$579,584$4,004,238
87$6,357,394$1,140,263$542,895$4,325,911
88$6,947,976$1,138,263$503,209$4,678,772
89$7,596,973$1,134,341$460,370$5,066,000
90$8,310,288$1,128,348$414,216$5,491,100
91$9,094,421$1,120,121$364,577$5,957,934
92$9,956,536$1,109,490$311,273$6,470,762
93$10,904,522$1,096,274$254,120$7,034,284
94$11,947,074$1,080,282$192,924$7,653,676
95$13,093,770$1,061,311$127,482$8,334,651
96$14,355,164$1,039,145$57,582$9,083,503
97$15,742,884$1,013,557$0$9,907,174
98$17,269,742$984,304$0$10,815,314
99$18,949,853$951,133$0$11,821,706
100$20,798,772$913,772$0$12,928,914