Can I retire at age 63 with 846,000?

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 $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%17.6%
1 years$69,862$69,240$68,632$68,040$67,461$65,380
2 years$34,585$33,941$33,317$32,711$32,124$30,046
3 years$22,828$22,181$21,558$20,959$20,381$18,371
4 years$16,950$16,305$15,689$15,099$14,536$12,609
5 years$13,425$12,784$12,175$11,598$11,050$9,211
6 years$11,075$10,439$9,839$9,275$8,743$6,995
7 years$9,397$8,766$8,177$7,625$7,111$5,452
8 years$8,140$7,514$6,934$6,397$5,899$4,329
9 years$7,162$6,543$5,973$5,449$4,968$3,485
10 years$6,380$5,767$5,207$4,697$4,233$2,835
11 years$5,741$5,134$4,584$4,088$3,640$2,325
12 years$5,209$4,608$4,068$3,585$3,155$1,919
13 years$4,759$4,164$3,635$3,165$2,751$1,592
14 years$4,373$3,785$3,266$2,810$2,411$1,326
15 years$4,040$3,458$2,949$2,506$2,123$1,109
16 years$3,748$3,173$2,673$2,244$1,877$929
17 years$3,491$2,922$2,433$2,016$1,664$781
18 years$3,263$2,700$2,221$1,817$1,479$657
19 years$3,059$2,502$2,033$1,642$1,319$554
20 years$2,875$2,325$1,866$1,487$1,178$468
21 years$2,710$2,166$1,716$1,349$1,054$395
22 years$2,559$2,022$1,582$1,227$945$335
23 years$2,422$1,891$1,460$1,117$848$283
24 years$2,296$1,772$1,351$1,019$762$240
25 years$2,181$1,663$1,251$931$686$203
26 years$2,075$1,563$1,160$851$618$173
27 years$1,977$1,471$1,077$779$557$146
28 years$1,886$1,386$1,002$714$503$124
29 years$1,801$1,307$932$654$454$105
30 years$1,722$1,235$868$601$410$90
31 years$1,648$1,167$809$552$371$76
32 years$1,580$1,104$755$507$335$65
33 years$1,515$1,046$705$466$304$55
34 years$1,454$991$659$429$275$47
35 years$1,397$940$616$395$249$40
36 years$1,344$892$576$364$226$34
37 years$1,293$847$539$335$204$29
38 years$1,245$805$505$309$185$24
39 years$1,200$766$473$285$168$21
40 years$1,157$729$443$263$152$18
41 years$1,116$694$416$242$138$15
42 years$1,077$661$390$224$125$13
43 years$1,040$629$366$206$114$11
44 years$1,005$600$344$191$103$9
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$7
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $846,000, adding $3,174 every year, while hoping to spend $24,168 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: 50/31/19 Blend
62$846,000$846,000$846,000$846,000
63$935,566$890,728$877,615$977,248
64$1,005,279$908,659$881,301$1,024,318
65$1,081,293$926,659$884,300$1,072,703
66$1,164,225$944,705$886,563$1,124,772
67$1,254,754$962,774$888,041$1,180,882
68$1,353,628$980,839$888,680$1,241,426
69$1,461,670$998,872$888,423$1,306,837
70$1,579,786$1,016,843$887,211$1,377,594
71$1,708,975$1,034,718$884,983$1,454,223
72$1,850,335$1,052,464$881,674$1,537,306
73$2,005,075$1,070,040$877,216$1,627,484
74$2,174,528$1,087,408$871,538$1,725,463
75$2,360,160$1,104,521$864,565$1,832,022
76$2,563,588$1,121,334$856,220$1,948,022
77$2,786,590$1,137,796$846,419$2,074,410
78$3,031,126$1,153,851$835,078$2,212,232
79$3,299,354$1,169,444$822,106$2,362,639
80$3,593,652$1,184,510$807,411$2,526,905
81$3,916,638$1,198,984$790,892$2,706,429
82$4,271,195$1,212,795$772,448$2,902,760
83$4,660,502$1,225,867$751,970$3,117,600
84$5,088,059$1,238,120$729,346$3,352,832
85$5,557,720$1,249,467$704,458$3,610,527
86$6,073,732$1,259,816$677,183$3,892,972
87$6,640,776$1,269,069$647,391$4,202,688
88$7,264,004$1,277,123$614,948$4,542,456
89$7,949,097$1,283,867$579,713$4,915,340
90$8,702,311$1,289,182$541,540$5,324,721
91$9,530,538$1,292,944$500,273$5,774,325
92$10,441,373$1,295,018$455,752$6,268,264
93$11,443,183$1,295,264$407,809$6,811,067
94$12,545,187$1,293,530$356,270$7,407,731
95$13,757,541$1,289,658$300,950$8,063,765
96$15,091,436$1,283,478$241,658$8,785,242
97$16,559,204$1,274,809$178,194$9,578,860
98$18,174,430$1,263,462$110,351$10,452,000
99$19,952,083$1,249,233$37,910$11,412,804
100$21,908,659$1,231,909$0$12,470,246