Can I retire at age 63 with 839,000?

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 $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%12.5%
1 years$69,284$68,667$68,065$67,477$66,903$66,204
2 years$34,299$33,660$33,041$32,441$31,859$31,155
3 years$22,639$21,997$21,380$20,785$20,212$19,526
4 years$16,810$16,170$15,559$14,975$14,416$13,751
5 years$13,313$12,678$12,074$11,502$10,959$10,318
6 years$10,983$10,352$9,758$9,198$8,671$8,056
7 years$9,320$8,694$8,109$7,562$7,052$6,462
8 years$8,072$7,452$6,877$6,344$5,850$5,285
9 years$7,103$6,489$5,923$5,404$4,927$4,387
10 years$6,327$5,719$5,164$4,658$4,198$3,682
11 years$5,694$5,092$4,546$4,054$3,610$3,119
12 years$5,166$4,570$4,035$3,556$3,129$2,661
13 years$4,720$4,130$3,605$3,139$2,728$2,284
14 years$4,337$3,754$3,239$2,787$2,392$1,970
15 years$4,006$3,429$2,924$2,485$2,106$1,706
16 years$3,717$3,146$2,651$2,225$1,861$1,482
17 years$3,462$2,898$2,413$1,999$1,650$1,292
18 years$3,236$2,678$2,202$1,802$1,467$1,129
19 years$3,033$2,482$2,016$1,628$1,308$988
20 years$2,851$2,306$1,850$1,475$1,168$867
21 years$2,687$2,148$1,702$1,338$1,045$762
22 years$2,538$2,005$1,569$1,217$937$670
23 years$2,402$1,875$1,448$1,108$841$591
24 years$2,277$1,757$1,339$1,011$756$521
25 years$2,163$1,649$1,241$923$680$460
26 years$2,058$1,550$1,151$844$613$406
27 years$1,960$1,458$1,068$772$552$359
28 years$1,870$1,374$993$708$498$318
29 years$1,786$1,296$924$649$450$281
30 years$1,708$1,224$861$596$407$249
31 years$1,635$1,157$803$547$368$221
32 years$1,567$1,095$749$503$333$195
33 years$1,503$1,037$699$462$301$173
34 years$1,442$983$653$425$273$154
35 years$1,386$932$611$392$247$136
36 years$1,333$885$571$361$224$121
37 years$1,282$840$535$332$203$107
38 years$1,235$799$501$306$184$95
39 years$1,190$760$469$282$167$85
40 years$1,147$723$440$260$151$75
41 years$1,107$688$412$240$137$67
42 years$1,068$655$387$222$124$59
43 years$1,032$624$363$205$113$53
44 years$997$595$341$189$103$47
45 years$964$567$320$175$93$42
46 years$932$541$300$161$84$37
47 years$902$517$282$149$77$33
48 years$873$493$265$138$70$29
49 years$846$471$249$127$63$26
50 years$819$450$234$118$57$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $839,000, adding $6,434 every year, while hoping to spend $36,143 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: 69/12/19 Blend
62$839,000$839,000$839,000$839,000
63$931,215$886,748$873,743$990,725
64$987,743$891,742$864,558$1,036,259
65$1,048,825$895,771$853,853$1,081,210
66$1,114,889$898,747$841,540$1,129,503
67$1,186,402$900,580$827,526$1,181,466
68$1,263,880$901,173$811,713$1,237,458
69$1,347,889$900,424$793,999$1,297,877
70$1,439,052$898,224$774,277$1,363,163
71$1,538,056$894,456$752,436$1,433,801
72$1,645,652$889,000$728,357$1,510,324
73$1,762,671$881,723$701,919$1,593,324
74$1,890,024$872,488$672,994$1,683,451
75$2,028,716$861,149$641,449$1,781,424
76$2,179,850$847,551$607,143$1,888,036
77$2,344,643$831,529$569,930$2,004,162
78$2,524,431$812,908$529,657$2,130,767
79$2,720,688$791,506$486,165$2,268,917
80$2,935,034$767,125$439,288$2,419,786
81$3,169,253$739,561$388,850$2,584,673
82$3,425,311$708,593$334,671$2,765,006
83$3,705,370$673,991$276,559$2,962,365
84$4,011,811$635,510$214,317$3,178,491
85$4,347,256$592,890$147,737$3,415,304
86$4,714,593$545,859$76,604$3,674,924
87$5,117,003$494,127$691$3,959,687
88$5,557,986$437,388$0$4,272,172
89$6,041,399$375,319$0$4,631,506
90$6,571,490$307,578$0$5,025,751
91$7,152,937$233,804$0$5,458,276
92$7,790,893$153,617$0$5,932,953
93$8,491,034$66,614$0$6,454,046
94$9,259,612$0$0$7,026,255
95$10,103,513$0$0$7,658,408
96$11,030,323$0$0$8,362,377
97$12,048,401$0$0$9,135,720
98$13,166,951$0$0$9,985,435
99$14,396,116$0$0$10,919,235
100$15,747,069$0$0$11,945,613