Can I retire at age 63 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$69,944$69,321$68,714$68,120$67,541$66,559
2 years$34,626$33,981$33,356$32,750$32,162$31,175
3 years$22,855$22,207$21,584$20,983$20,405$19,443
4 years$16,970$16,325$15,707$15,117$14,553$13,624
5 years$13,440$12,799$12,190$11,612$11,063$10,170
6 years$11,088$10,451$9,851$9,286$8,754$7,897
7 years$9,408$8,777$8,186$7,634$7,119$6,299
8 years$8,149$7,523$6,943$6,404$5,906$5,123
9 years$7,170$6,550$5,980$5,455$4,974$4,227
10 years$6,388$5,774$5,213$4,702$4,238$3,527
11 years$5,748$5,140$4,590$4,092$3,645$2,969
12 years$5,215$4,613$4,073$3,590$3,158$2,517
13 years$4,765$4,169$3,639$3,169$2,754$2,146
14 years$4,379$3,790$3,270$2,813$2,414$1,838
15 years$4,045$3,462$2,952$2,509$2,126$1,581
16 years$3,753$3,176$2,677$2,246$1,879$1,365
17 years$3,495$2,925$2,436$2,018$1,666$1,181
18 years$3,267$2,703$2,223$1,819$1,481$1,024
19 years$3,062$2,505$2,035$1,644$1,320$891
20 years$2,879$2,328$1,868$1,489$1,179$775
21 years$2,713$2,168$1,718$1,351$1,055$676
22 years$2,562$2,024$1,584$1,228$946$591
23 years$2,425$1,893$1,462$1,119$849$516
24 years$2,299$1,774$1,352$1,020$763$452
25 years$2,184$1,665$1,252$932$687$396
26 years$2,077$1,564$1,162$852$619$347
27 years$1,979$1,472$1,079$780$558$304
28 years$1,888$1,387$1,003$715$503$267
29 years$1,803$1,309$933$655$454$234
30 years$1,724$1,236$869$601$411$206
31 years$1,650$1,168$810$552$371$181
32 years$1,581$1,106$756$508$336$159
33 years$1,517$1,047$706$467$304$140
34 years$1,456$992$660$429$275$123
35 years$1,399$941$617$395$249$108
36 years$1,345$893$577$364$226$95
37 years$1,294$848$540$335$205$84
38 years$1,246$806$506$309$186$74
39 years$1,201$767$474$285$168$65
40 years$1,158$730$444$263$153$57
41 years$1,117$694$416$243$138$50
42 years$1,078$661$391$224$126$44
43 years$1,041$630$366$207$114$39
44 years$1,006$601$344$191$103$34
45 years$973$573$323$176$94$30
46 years$941$546$303$163$85$27
47 years$911$521$285$150$77$23
48 years$881$498$268$139$70$21
49 years$854$475$252$128$64$18
50 years$827$454$237$119$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $847,000, adding $2,719 every year, while hoping to spend $35,618 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: 46/43/11 Blend
62$847,000$847,000$847,000$847,000
63$936,199$891,308$878,179$976,255
64$993,794$897,084$869,701$1,010,010
65$1,056,070$901,951$859,745$1,042,728
66$1,123,466$905,824$848,224$1,077,418
67$1,196,467$908,617$835,047$1,114,276
68$1,275,604$910,236$820,118$1,153,520
69$1,361,462$910,583$803,338$1,195,388
70$1,454,683$909,554$784,602$1,240,149
71$1,555,974$907,036$763,800$1,288,098
72$1,666,114$902,911$740,818$1,339,564
73$1,785,959$897,055$715,536$1,394,909
74$1,916,449$889,333$687,829$1,454,538
75$2,058,622$879,605$657,566$1,518,896
76$2,213,617$867,722$624,610$1,588,479
77$2,382,689$853,524$588,818$1,663,837
78$2,567,221$836,843$550,041$1,745,575
79$2,768,731$817,503$508,121$1,834,367
80$2,988,895$795,314$462,897$1,930,959
81$3,229,555$770,077$414,197$2,036,175
82$3,492,740$741,581$361,842$2,150,928
83$3,780,683$709,602$305,648$2,276,228
84$4,095,845$673,905$245,419$2,413,195
85$4,440,933$634,238$180,952$2,563,065
86$4,818,931$590,338$112,037$2,727,207
87$5,233,123$541,925$38,451$2,907,135
88$5,687,126$488,704$0$3,104,524
89$6,184,924$430,362$0$3,325,928
90$6,730,906$366,570$0$3,573,813
91$7,329,904$296,977$0$3,845,954
92$7,987,242$221,217$0$4,144,883
93$8,708,783$138,899$0$4,473,396
94$9,500,988$49,614$0$4,834,583
95$10,370,970$0$0$5,231,855
96$11,326,568$0$0$5,691,251
97$12,376,417$0$0$6,221,853
98$13,530,029$0$0$6,805,003
99$14,797,882$0$0$7,446,014
100$16,191,521$0$0$8,150,735