Can I retire at age 63 with 845,000?

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 $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%14.7%
1 years$69,779$69,158$68,551$67,959$67,381$66,075
2 years$34,544$33,901$33,277$32,673$32,086$30,776
3 years$22,801$22,155$21,533$20,934$20,357$19,082
4 years$16,930$16,286$15,670$15,082$14,519$13,290
5 years$13,409$12,768$12,161$11,584$11,037$9,858
6 years$11,062$10,426$9,828$9,264$8,733$7,606
7 years$9,386$8,756$8,167$7,616$7,102$6,026
8 years$8,130$7,506$6,926$6,389$5,892$4,867
9 years$7,153$6,535$5,965$5,442$4,962$3,987
10 years$6,373$5,760$5,201$4,691$4,228$3,302
11 years$5,734$5,128$4,579$4,083$3,636$2,759
12 years$5,203$4,603$4,064$3,581$3,151$2,321
13 years$4,753$4,159$3,630$3,162$2,748$1,963
14 years$4,368$3,781$3,262$2,807$2,409$1,668
15 years$4,035$3,454$2,945$2,503$2,121$1,423
16 years$3,744$3,169$2,670$2,241$1,874$1,218
17 years$3,487$2,918$2,430$2,014$1,662$1,045
18 years$3,259$2,697$2,218$1,815$1,478$899
19 years$3,055$2,499$2,031$1,640$1,317$774
20 years$2,872$2,322$1,864$1,485$1,176$668
21 years$2,706$2,163$1,714$1,348$1,053$578
22 years$2,556$2,019$1,580$1,225$944$500
23 years$2,419$1,889$1,459$1,116$847$433
24 years$2,294$1,770$1,349$1,018$761$375
25 years$2,179$1,661$1,249$930$685$326
26 years$2,072$1,561$1,159$850$617$283
27 years$1,974$1,469$1,076$778$556$245
28 years$1,883$1,384$1,000$713$502$213
29 years$1,799$1,306$931$654$453$185
30 years$1,720$1,233$867$600$410$161
31 years$1,647$1,166$808$551$370$140
32 years$1,578$1,103$754$506$335$122
33 years$1,513$1,045$704$466$303$106
34 years$1,453$990$658$428$274$93
35 years$1,396$939$615$394$249$81
36 years$1,342$891$575$363$225$70
37 years$1,291$846$539$335$204$61
38 years$1,244$804$504$308$185$53
39 years$1,198$765$473$284$168$46
40 years$1,155$728$443$262$152$40
41 years$1,115$693$415$242$138$35
42 years$1,076$660$390$223$125$31
43 years$1,039$629$366$206$114$27
44 years$1,004$599$343$190$103$23
45 years$971$571$322$176$94$20
46 years$939$545$303$162$85$18
47 years$908$520$284$150$77$15
48 years$879$497$267$139$70$13
49 years$852$474$251$128$64$12
50 years$825$453$236$118$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $845,000, adding $3,237 every year, while hoping to spend $31,115 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: 37/46/17 Blend
62$845,000$845,000$845,000$845,000
63$934,529$889,744$876,646$964,184
64$996,745$900,235$872,908$996,362
65$1,064,264$910,198$868,001$1,027,906
66$1,137,594$919,573$861,855$1,061,321
67$1,217,294$928,298$854,393$1,096,790
68$1,303,980$936,306$845,536$1,134,519
69$1,398,326$943,525$835,202$1,174,734
70$1,501,078$949,881$823,304$1,217,687
71$1,613,055$955,292$809,752$1,263,657
72$1,735,158$959,672$794,450$1,312,954
73$1,868,379$962,931$777,298$1,365,920
74$2,013,809$964,970$758,194$1,422,936
75$2,172,652$965,688$737,027$1,484,424
76$2,346,229$964,973$713,685$1,550,849
77$2,535,999$962,711$688,047$1,622,730
78$2,743,564$958,777$659,990$1,700,638
79$2,970,691$953,041$629,383$1,785,207
80$3,219,324$945,363$596,090$1,877,140
81$3,491,605$935,596$559,969$1,977,214
82$3,789,892$923,583$520,872$2,086,288
83$4,116,782$909,159$478,641$2,205,315
84$4,475,134$892,149$433,117$2,335,347
85$4,868,100$872,366$384,128$2,477,549
86$5,299,147$849,613$331,498$2,633,210
87$5,772,099$823,683$275,041$2,803,756
88$6,291,163$794,353$214,565$2,990,762
89$6,860,976$761,391$149,868$3,195,970
90$7,486,646$724,550$80,739$3,421,307
91$8,173,799$683,568$6,959$3,668,902
92$8,928,632$638,168$0$3,941,109
93$9,757,973$588,058$0$4,253,549
94$10,669,343$532,930$0$4,598,268
95$11,671,029$472,456$0$4,977,224
96$12,772,159$406,292$0$5,393,972
97$13,982,791$334,072$0$5,852,438
98$15,314,005$255,411$0$6,356,952
99$16,778,010$169,903$0$6,912,295
100$18,388,255$77,116$0$7,523,745