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%19.3%
1 years$69,284$68,667$68,065$67,477$66,903$64,401
2 years$34,299$33,660$33,041$32,441$31,859$29,367
3 years$22,639$21,997$21,380$20,785$20,212$17,809
4 years$16,810$16,170$15,559$14,975$14,416$12,119
5 years$13,313$12,678$12,074$11,502$10,959$8,774
6 years$10,983$10,352$9,758$9,198$8,671$6,601
7 years$9,320$8,694$8,109$7,562$7,052$5,095
8 years$8,072$7,452$6,877$6,344$5,850$4,005
9 years$7,103$6,489$5,923$5,404$4,927$3,191
10 years$6,327$5,719$5,164$4,658$4,198$2,568
11 years$5,694$5,092$4,546$4,054$3,610$2,083
12 years$5,166$4,570$4,035$3,556$3,129$1,700
13 years$4,720$4,130$3,605$3,139$2,728$1,394
14 years$4,337$3,754$3,239$2,787$2,392$1,148
15 years$4,006$3,429$2,924$2,485$2,106$948
16 years$3,717$3,146$2,651$2,225$1,861$785
17 years$3,462$2,898$2,413$1,999$1,650$651
18 years$3,236$2,678$2,202$1,802$1,467$541
19 years$3,033$2,482$2,016$1,628$1,308$451
20 years$2,851$2,306$1,850$1,475$1,168$375
21 years$2,687$2,148$1,702$1,338$1,045$313
22 years$2,538$2,005$1,569$1,217$937$261
23 years$2,402$1,875$1,448$1,108$841$218
24 years$2,277$1,757$1,339$1,011$756$183
25 years$2,163$1,649$1,241$923$680$153
26 years$2,058$1,550$1,151$844$613$128
27 years$1,960$1,458$1,068$772$552$107
28 years$1,870$1,374$993$708$498$89
29 years$1,786$1,296$924$649$450$75
30 years$1,708$1,224$861$596$407$63
31 years$1,635$1,157$803$547$368$53
32 years$1,567$1,095$749$503$333$44
33 years$1,503$1,037$699$462$301$37
34 years$1,442$983$653$425$273$31
35 years$1,386$932$611$392$247$26
36 years$1,333$885$571$361$224$22
37 years$1,282$840$535$332$203$18
38 years$1,235$799$501$306$184$15
39 years$1,190$760$469$282$167$13
40 years$1,147$723$440$260$151$11
41 years$1,107$688$412$240$137$9
42 years$1,068$655$387$222$124$8
43 years$1,032$624$363$205$113$6
44 years$997$595$341$189$103$5
45 years$964$567$320$175$93$4
46 years$932$541$300$161$84$4
47 years$902$517$282$149$77$3
48 years$873$493$265$138$70$3
49 years$846$471$249$127$63$2
50 years$819$450$234$118$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $839,000, adding $5,651 every year, while hoping to spend $58,051 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: 78/11/11 Blend
62$839,000$839,000$839,000$839,000
63$930,407$885,940$872,936$1,000,692
64$963,543$867,585$840,413$1,029,350
65$998,113$846,385$804,855$1,052,749
66$1,034,202$822,140$766,100$1,076,744
67$1,071,902$794,636$723,976$1,101,371
68$1,111,312$763,650$678,305$1,126,668
69$1,152,539$728,942$628,902$1,152,679
70$1,195,700$690,262$575,572$1,179,453
71$1,240,920$647,343$518,111$1,207,045
72$1,288,334$599,903$456,309$1,235,515
73$1,338,091$547,646$389,942$1,264,930
74$1,390,352$490,256$318,780$1,295,367
75$1,445,290$427,400$242,582$1,326,909
76$1,503,094$358,728$161,093$1,359,650
77$1,563,973$283,868$74,053$1,393,696
78$1,628,149$202,428$0$1,429,162
79$1,695,867$113,995$0$1,468,389
80$1,767,394$18,130$0$1,518,732
81$1,843,022$0$0$1,571,686
82$1,923,067$0$0$1,637,832
83$2,007,877$0$0$1,710,254
84$2,097,830$0$0$1,787,081
85$2,193,340$0$0$1,868,670
86$2,294,861$0$0$1,955,409
87$2,402,888$0$0$2,047,724
88$2,517,962$0$0$2,146,080
89$2,640,679$0$0$2,250,987
90$2,771,688$0$0$2,363,004
91$2,911,702$0$0$2,482,742
92$3,061,503$0$0$2,610,874
93$3,221,947$0$0$2,748,134
94$3,393,974$0$0$2,895,329
95$3,578,614$0$0$3,053,346
96$3,776,998$0$0$3,223,155
97$3,990,369$0$0$3,405,823
98$4,220,090$0$0$3,602,521
99$4,467,657$0$0$3,814,535
100$4,734,715$0$0$4,043,278