Can I retire at age 63 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$69,779$69,158$68,551$67,959$67,381$66,238
2 years$34,544$33,901$33,277$32,673$32,086$30,938
3 years$22,801$22,155$21,533$20,934$20,357$19,239
4 years$16,930$16,286$15,670$15,082$14,519$13,440
5 years$13,409$12,768$12,161$11,584$11,037$10,001
6 years$11,062$10,426$9,828$9,264$8,733$7,741
7 years$9,386$8,756$8,167$7,616$7,102$6,154
8 years$8,130$7,506$6,926$6,389$5,892$4,987
9 years$7,153$6,535$5,965$5,442$4,962$4,100
10 years$6,373$5,760$5,201$4,691$4,228$3,409
11 years$5,734$5,128$4,579$4,083$3,636$2,859
12 years$5,203$4,603$4,064$3,581$3,151$2,414
13 years$4,753$4,159$3,630$3,162$2,748$2,050
14 years$4,368$3,781$3,262$2,807$2,409$1,749
15 years$4,035$3,454$2,945$2,503$2,121$1,499
16 years$3,744$3,169$2,670$2,241$1,874$1,288
17 years$3,487$2,918$2,430$2,014$1,662$1,110
18 years$3,259$2,697$2,218$1,815$1,478$959
19 years$3,055$2,499$2,031$1,640$1,317$830
20 years$2,872$2,322$1,864$1,485$1,176$719
21 years$2,706$2,163$1,714$1,348$1,053$624
22 years$2,556$2,019$1,580$1,225$944$543
23 years$2,419$1,889$1,459$1,116$847$472
24 years$2,294$1,770$1,349$1,018$761$411
25 years$2,179$1,661$1,249$930$685$359
26 years$2,072$1,561$1,159$850$617$313
27 years$1,974$1,469$1,076$778$556$273
28 years$1,883$1,384$1,000$713$502$238
29 years$1,799$1,306$931$654$453$208
30 years$1,720$1,233$867$600$410$182
31 years$1,647$1,166$808$551$370$159
32 years$1,578$1,103$754$506$335$139
33 years$1,513$1,045$704$466$303$122
34 years$1,453$990$658$428$274$107
35 years$1,396$939$615$394$249$93
36 years$1,342$891$575$363$225$82
37 years$1,291$846$539$335$204$71
38 years$1,244$804$504$308$185$63
39 years$1,198$765$473$284$168$55
40 years$1,155$728$443$262$152$48
41 years$1,115$693$415$242$138$42
42 years$1,076$660$390$223$125$37
43 years$1,039$629$366$206$114$32
44 years$1,004$599$343$190$103$28
45 years$971$571$322$176$94$25
46 years$939$545$303$162$85$22
47 years$908$520$284$150$77$19
48 years$879$497$267$139$70$17
49 years$852$474$251$128$64$15
50 years$825$453$236$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $845,000, adding $6,094 every year, while hoping to spend $22,812 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: 41/31/28 Blend
62$845,000$845,000$845,000$845,000
63$937,476$892,691$879,593$967,984
64$1,008,827$912,161$884,788$1,010,085
65$1,086,691$931,821$889,392$1,053,042
66$1,171,708$951,655$893,362$1,099,105
67$1,264,584$971,647$896,651$1,148,576
68$1,366,094$991,780$899,211$1,201,784
69$1,477,092$1,012,035$900,992$1,259,094
70$1,598,520$1,032,388$901,939$1,320,910
71$1,731,412$1,052,818$901,997$1,387,675
72$1,876,909$1,073,300$901,107$1,459,879
73$2,036,267$1,093,805$899,207$1,538,063
74$2,210,869$1,114,304$896,233$1,622,825
75$2,402,238$1,134,765$892,117$1,714,821
76$2,612,050$1,155,153$886,788$1,814,777
77$2,842,155$1,175,431$880,170$1,923,496
78$3,094,586$1,195,558$872,187$2,041,860
79$3,371,584$1,215,491$862,756$2,170,845
80$3,675,619$1,235,183$851,792$2,311,526
81$4,009,410$1,254,585$839,205$2,465,089
82$4,375,952$1,273,642$824,900$2,632,844
83$4,778,545$1,292,296$808,780$2,816,234
84$5,220,825$1,310,487$790,742$3,016,851
85$5,706,795$1,328,147$770,678$3,236,454
86$6,240,868$1,345,205$748,476$3,476,978
87$6,827,903$1,361,588$724,017$3,740,562
88$7,473,256$1,377,212$697,178$4,029,564
89$8,182,825$1,391,993$667,831$4,346,582
90$8,963,111$1,405,838$635,840$4,694,486
91$9,821,273$1,418,648$601,066$5,076,437
92$10,765,201$1,430,321$563,360$5,495,924
93$11,803,588$1,440,743$522,569$5,956,794
94$12,946,011$1,449,796$478,532$6,463,289
95$14,203,023$1,457,354$431,081$7,020,087
96$15,586,250$1,463,284$380,041$7,632,348
97$17,108,503$1,467,440$325,228$8,305,760
98$18,783,899$1,469,673$266,452$9,046,596
99$20,627,990$1,469,821$203,512$9,861,773
100$22,657,915$1,467,712$136,199$10,758,919