Can I retire at age 63 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$69,862$69,240$68,632$68,040$67,461$67,036
2 years$34,585$33,941$33,317$32,711$32,124$31,696
3 years$22,828$22,181$21,558$20,959$20,381$19,962
4 years$16,950$16,305$15,689$15,099$14,536$14,129
5 years$13,425$12,784$12,175$11,598$11,050$10,658
6 years$11,075$10,439$9,839$9,275$8,743$8,366
7 years$9,397$8,766$8,177$7,625$7,111$6,748
8 years$8,140$7,514$6,934$6,397$5,899$5,551
9 years$7,162$6,543$5,973$5,449$4,968$4,634
10 years$6,380$5,767$5,207$4,697$4,233$3,913
11 years$5,741$5,134$4,584$4,088$3,640$3,335
12 years$5,209$4,608$4,068$3,585$3,155$2,863
13 years$4,759$4,164$3,635$3,165$2,751$2,473
14 years$4,373$3,785$3,266$2,810$2,411$2,147
15 years$4,040$3,458$2,949$2,506$2,123$1,872
16 years$3,748$3,173$2,673$2,244$1,877$1,638
17 years$3,491$2,922$2,433$2,016$1,664$1,437
18 years$3,263$2,700$2,221$1,817$1,479$1,265
19 years$3,059$2,502$2,033$1,642$1,319$1,116
20 years$2,875$2,325$1,866$1,487$1,178$986
21 years$2,710$2,166$1,716$1,349$1,054$873
22 years$2,559$2,022$1,582$1,227$945$774
23 years$2,422$1,891$1,460$1,117$848$687
24 years$2,296$1,772$1,351$1,019$762$610
25 years$2,181$1,663$1,251$931$686$543
26 years$2,075$1,563$1,160$851$618$483
27 years$1,977$1,471$1,077$779$557$431
28 years$1,886$1,386$1,002$714$503$384
29 years$1,801$1,307$932$654$454$343
30 years$1,722$1,235$868$601$410$306
31 years$1,648$1,167$809$552$371$273
32 years$1,580$1,104$755$507$335$244
33 years$1,515$1,046$705$466$304$218
34 years$1,454$991$659$429$275$195
35 years$1,397$940$616$395$249$175
36 years$1,344$892$576$364$226$156
37 years$1,293$847$539$335$204$140
38 years$1,245$805$505$309$185$125
39 years$1,200$766$473$285$168$112
40 years$1,157$729$443$263$152$100
41 years$1,116$694$416$242$138$90
42 years$1,077$661$390$224$125$81
43 years$1,040$629$366$206$114$72
44 years$1,005$600$344$191$103$65
45 years$972$572$323$176$94$58
46 years$940$546$303$163$85$52
47 years$909$521$285$150$77$47
48 years$880$497$268$139$70$42
49 years$853$475$251$128$64$37
50 years$826$454$236$119$58$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $846,000, adding $6,048 every year, while hoping to spend $26,192 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: 69/6/25 Blend
62$846,000$846,000$846,000$846,000
63$938,531$893,693$880,580$996,899
64$1,006,393$909,615$882,211$1,052,710
65$1,080,299$925,441$883,019$1,110,183
66$1,160,838$941,136$882,949$1,172,467
67$1,248,658$956,666$881,942$1,240,037
68$1,344,472$971,994$879,938$1,313,418
69$1,449,065$987,079$876,873$1,393,188
70$1,563,302$1,001,878$872,681$1,479,983
71$1,688,134$1,016,345$867,291$1,574,507
72$1,824,608$1,030,430$860,629$1,677,533
73$1,973,877$1,044,080$852,619$1,789,916
74$2,137,211$1,057,238$843,180$1,912,596
75$2,316,008$1,069,845$832,229$2,046,611
76$2,511,808$1,081,834$819,675$2,193,106
77$2,726,305$1,093,137$805,427$2,353,339
78$2,961,368$1,103,680$789,389$2,528,703
79$3,219,051$1,113,385$771,457$2,720,729
80$3,501,621$1,122,167$751,528$2,931,107
81$3,811,571$1,129,938$729,488$3,161,699
82$4,151,648$1,136,602$705,223$3,414,559
83$4,524,880$1,142,058$678,612$3,691,950
84$4,934,598$1,146,200$649,526$3,996,366
85$5,384,475$1,148,912$617,833$4,330,559
86$5,878,557$1,150,073$583,395$4,697,562
87$6,421,297$1,149,555$546,067$5,100,715
88$7,017,606$1,147,219$505,697$5,543,705
89$7,672,890$1,142,922$462,126$6,030,593
90$8,393,107$1,136,507$415,189$6,565,857
91$9,184,821$1,127,812$364,715$7,154,431
92$10,055,260$1,116,663$310,521$7,801,758
93$11,012,393$1,102,876$252,419$8,513,834
94$12,064,996$1,086,255$190,214$9,297,269
95$13,222,738$1,066,594$123,698$10,159,352
96$14,496,273$1,043,674$52,659$11,108,113
97$15,897,341$1,017,262$0$12,152,407
98$17,438,876$987,113$0$13,308,168
99$19,135,126$952,967$0$14,595,369
100$21,001,796$914,549$0$16,011,869