Can I retire at age 63 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$69,614$68,994$68,389$67,799$67,222$65,332
2 years$34,462$33,821$33,199$32,595$32,010$30,121
3 years$22,747$22,102$21,482$20,884$20,309$18,479
4 years$16,890$16,247$15,633$15,046$14,484$12,728
5 years$13,377$12,738$12,132$11,557$11,011$9,332
6 years$11,036$10,402$9,804$9,242$8,712$7,114
7 years$9,364$8,735$8,148$7,598$7,086$5,567
8 years$8,111$7,488$6,910$6,374$5,878$4,439
9 years$7,137$6,519$5,951$5,429$4,950$3,588
10 years$6,358$5,747$5,189$4,680$4,218$2,932
11 years$5,721$5,116$4,568$4,073$3,628$2,415
12 years$5,190$4,592$4,054$3,573$3,144$2,003
13 years$4,742$4,150$3,622$3,154$2,741$1,669
14 years$4,358$3,772$3,254$2,800$2,403$1,398
15 years$4,025$3,446$2,938$2,497$2,116$1,174
16 years$3,735$3,161$2,664$2,236$1,870$989
17 years$3,479$2,911$2,424$2,009$1,658$835
18 years$3,251$2,690$2,213$1,810$1,474$707
19 years$3,048$2,493$2,026$1,636$1,314$599
20 years$2,865$2,317$1,859$1,482$1,174$508
21 years$2,700$2,158$1,710$1,345$1,050$432
22 years$2,550$2,015$1,576$1,223$941$368
23 years$2,413$1,884$1,455$1,113$845$313
24 years$2,288$1,765$1,346$1,015$760$267
25 years$2,173$1,657$1,247$927$684$227
26 years$2,067$1,557$1,156$848$616$194
27 years$1,970$1,465$1,074$776$555$165
28 years$1,879$1,381$998$711$501$141
29 years$1,795$1,303$929$652$452$121
30 years$1,716$1,230$865$598$409$103
31 years$1,643$1,163$806$550$369$88
32 years$1,574$1,100$752$505$334$75
33 years$1,510$1,042$703$465$302$64
34 years$1,449$988$656$427$274$55
35 years$1,392$937$614$393$248$47
36 years$1,339$889$574$362$225$40
37 years$1,288$844$537$334$204$34
38 years$1,241$803$503$308$185$29
39 years$1,195$763$471$284$167$25
40 years$1,153$726$442$262$152$21
41 years$1,112$691$414$241$138$18
42 years$1,073$658$389$223$125$16
43 years$1,037$627$365$206$113$13
44 years$1,002$598$342$190$103$11
45 years$968$570$321$175$94$10
46 years$937$544$302$162$85$8
47 years$906$519$284$150$77$7
48 years$877$495$267$138$70$6
49 years$850$473$251$128$64$5
50 years$823$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $843,000, adding $3,156 every year, while hoping to spend $55,548 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: 43/49/8 Blend
62$843,000$843,000$843,000$843,000
63$932,241$887,562$874,496$970,042
64$968,227$871,950$844,689$981,004
65$1,006,022$853,712$812,022$986,969
66$1,045,752$832,659$776,340$992,159
67$1,087,553$808,593$737,481$996,524
68$1,131,574$781,305$695,278$1,000,013
69$1,177,978$750,573$649,553$1,002,573
70$1,226,942$716,160$600,123$1,004,153
71$1,278,657$677,819$546,794$1,004,700
72$1,333,333$635,286$489,365$1,004,161
73$1,391,201$588,283$427,627$1,002,486
74$1,452,510$536,516$361,359$999,624
75$1,517,534$479,673$290,333$995,525
76$1,586,572$417,426$214,308$990,143
77$1,659,951$349,428$133,035$983,433
78$1,738,028$275,312$46,254$975,356
79$1,821,194$194,690$0$965,875
80$1,909,880$107,153$0$958,916
81$2,004,553$12,269$0$954,969
82$2,105,728$0$0$950,092
83$2,213,970$0$0$993,056
84$2,329,897$0$0$1,046,223
85$2,454,186$0$0$1,103,297
86$2,587,582$0$0$1,164,629
87$2,730,901$0$0$1,230,605
88$2,885,039$0$0$1,301,645
89$3,050,980$0$0$1,378,216
90$3,229,805$0$0$1,460,827
91$3,422,700$0$0$1,550,039
92$3,630,969$0$0$1,646,466
93$3,856,045$0$0$1,750,786
94$4,099,502$0$0$1,863,743
95$4,363,071$0$0$1,986,154
96$4,648,655$0$0$2,118,919
97$4,958,346$0$0$2,263,027
98$5,294,445$0$0$2,419,565
99$5,659,482$0$0$2,589,729
100$6,056,239$0$0$2,774,837