Can I retire at age 63 with 842,000?

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 $842,000?

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$69,532$68,912$68,308$67,718$67,142$65,386
2 years$34,422$33,781$33,159$32,557$31,973$30,216
3 years$22,720$22,076$21,456$20,859$20,285$18,582
4 years$16,870$16,228$15,615$15,028$14,467$12,831
5 years$13,361$12,723$12,118$11,543$10,998$9,433
6 years$11,023$10,389$9,793$9,231$8,702$7,210
7 years$9,353$8,725$8,138$7,589$7,077$5,658
8 years$8,101$7,479$6,902$6,367$5,871$4,525
9 years$7,128$6,512$5,944$5,423$4,944$3,669
10 years$6,350$5,740$5,182$4,675$4,213$3,007
11 years$5,714$5,110$4,562$4,068$3,623$2,485
12 years$5,184$4,586$4,049$3,568$3,140$2,068
13 years$4,736$4,145$3,618$3,150$2,738$1,729
14 years$4,353$3,767$3,250$2,797$2,400$1,453
15 years$4,021$3,442$2,935$2,494$2,113$1,225
16 years$3,730$3,158$2,661$2,233$1,868$1,035
17 years$3,474$2,908$2,421$2,006$1,656$878
18 years$3,247$2,687$2,210$1,808$1,472$745
19 years$3,044$2,490$2,023$1,634$1,312$634
20 years$2,862$2,314$1,857$1,480$1,172$540
21 years$2,697$2,156$1,708$1,343$1,049$461
22 years$2,547$2,012$1,574$1,221$940$394
23 years$2,411$1,882$1,453$1,112$844$336
24 years$2,286$1,763$1,344$1,014$759$288
25 years$2,171$1,655$1,245$926$683$246
26 years$2,065$1,555$1,155$847$615$211
27 years$1,967$1,464$1,072$775$554$181
28 years$1,877$1,379$997$710$500$155
29 years$1,792$1,301$928$651$452$133
30 years$1,714$1,229$864$598$408$114
31 years$1,641$1,162$806$549$369$98
32 years$1,572$1,099$752$505$334$84
33 years$1,508$1,041$702$464$302$72
34 years$1,448$986$656$427$274$62
35 years$1,391$936$613$393$248$53
36 years$1,337$888$573$362$224$45
37 years$1,287$843$537$333$203$39
38 years$1,239$802$503$307$184$34
39 years$1,194$762$471$283$167$29
40 years$1,151$725$441$261$152$25
41 years$1,111$690$414$241$138$21
42 years$1,072$657$388$223$125$18
43 years$1,035$626$364$205$113$16
44 years$1,000$597$342$190$103$13
45 years$967$569$321$175$93$12
46 years$935$543$302$162$85$10
47 years$905$518$283$150$77$9
48 years$876$495$266$138$70$7
49 years$849$473$250$128$64$6
50 years$822$451$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $842,000, adding $3,997 every year, while hoping to spend $35,395 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: 57/34/9 Blend
62$842,000$842,000$842,000$842,000
63$932,007$887,381$874,330$982,929
64$989,412$893,203$865,960$1,023,536
65$1,051,485$898,123$856,123$1,063,460
66$1,118,667$902,061$844,733$1,106,099
67$1,191,439$904,930$831,700$1,151,720
68$1,270,331$906,638$816,928$1,200,611
69$1,355,928$907,086$800,318$1,253,097
70$1,448,870$906,171$781,766$1,309,534
71$1,549,864$903,782$761,164$1,370,315
72$1,659,685$899,802$738,398$1,435,875
73$1,779,187$894,106$713,348$1,506,697
74$1,909,310$886,564$685,892$1,583,310
75$2,051,088$877,034$655,898$1,666,304
76$2,205,659$865,369$623,230$1,756,327
77$2,374,275$851,410$587,747$1,854,096
78$2,558,315$834,993$549,300$1,960,406
79$2,759,295$815,940$507,734$2,076,130
80$2,978,886$794,064$462,886$2,202,237
81$3,218,927$769,168$414,587$2,339,796
82$3,481,443$741,042$362,661$2,489,988
83$3,768,661$709,464$306,921$2,654,115
84$4,083,038$674,201$247,176$2,833,620
85$4,427,275$635,004$183,224$3,030,092
86$4,804,349$591,611$114,854$3,245,289
87$5,217,537$543,745$41,846$3,481,149
88$5,670,450$491,112$0$3,739,814
89$6,167,063$433,404$0$4,027,114
90$6,711,754$370,291$0$4,346,707
91$7,309,347$301,430$0$4,697,479
92$7,965,154$226,453$0$5,082,634
93$8,685,025$144,975$0$5,505,712
94$9,475,408$56,589$0$5,970,615
95$10,343,402$0$0$6,481,649
96$11,296,829$0$0$7,058,209
97$12,344,304$0$0$7,714,980
98$13,495,321$0$0$8,436,752
99$14,760,336$0$0$9,230,093
100$16,150,871$0$0$10,102,237