Can I retire at age 63 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$70,027$69,403$68,795$68,201$67,621$67,082
2 years$34,667$34,021$33,395$32,789$32,200$31,657
3 years$22,882$22,233$21,609$21,008$20,429$19,899
4 years$16,990$16,344$15,726$15,135$14,570$14,056
5 years$13,456$12,814$12,204$11,625$11,076$10,580
6 years$11,101$10,463$9,863$9,297$8,764$8,287
7 years$9,419$8,787$8,196$7,643$7,128$6,670
8 years$8,159$7,532$6,951$6,412$5,913$5,474
9 years$7,179$6,558$5,987$5,461$4,980$4,559
10 years$6,395$5,781$5,219$4,708$4,243$3,841
11 years$5,755$5,146$4,595$4,097$3,649$3,266
12 years$5,221$4,619$4,078$3,594$3,162$2,797
13 years$4,770$4,174$3,643$3,173$2,757$2,409
14 years$4,384$3,794$3,274$2,816$2,417$2,086
15 years$4,049$3,466$2,956$2,512$2,128$1,814
16 years$3,757$3,180$2,680$2,249$1,881$1,583
17 years$3,499$2,929$2,438$2,021$1,668$1,385
18 years$3,270$2,706$2,226$1,821$1,483$1,216
19 years$3,066$2,508$2,038$1,646$1,322$1,069
20 years$2,882$2,331$1,870$1,490$1,181$942
21 years$2,716$2,171$1,720$1,353$1,057$831
22 years$2,565$2,026$1,585$1,230$947$735
23 years$2,428$1,895$1,464$1,120$850$650
24 years$2,302$1,776$1,354$1,022$764$576
25 years$2,186$1,667$1,254$933$688$511
26 years$2,080$1,566$1,163$853$619$453
27 years$1,981$1,474$1,080$781$558$403
28 years$1,890$1,389$1,004$715$504$358
29 years$1,805$1,310$934$656$455$318
30 years$1,726$1,237$870$602$411$283
31 years$1,652$1,170$811$553$372$252
32 years$1,583$1,107$757$508$336$225
33 years$1,519$1,048$707$467$304$200
34 years$1,458$993$660$430$275$178
35 years$1,401$942$617$396$250$159
36 years$1,347$894$578$365$226$142
37 years$1,296$849$541$336$205$127
38 years$1,248$807$506$310$186$113
39 years$1,202$768$474$285$168$101
40 years$1,159$730$445$263$153$90
41 years$1,118$695$417$243$139$80
42 years$1,080$662$391$224$126$72
43 years$1,043$631$367$207$114$64
44 years$1,008$601$344$191$104$57
45 years$974$573$323$176$94$51
46 years$942$547$304$163$85$46
47 years$912$522$285$151$78$41
48 years$882$498$268$139$70$36
49 years$855$476$252$129$64$32
50 years$828$455$237$119$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $848,000, adding $6,743 every year, while hoping to spend $22,828 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: 48/43/9 Blend
62$848,000$848,000$848,000$848,000
63$941,451$896,507$883,363$984,036
64$1,013,191$916,147$888,667$1,033,618
65$1,091,482$935,985$893,384$1,084,473
66$1,176,970$956,005$897,469$1,139,161
67$1,270,364$976,192$900,877$1,198,045
68$1,372,444$996,529$903,559$1,261,525
69$1,484,071$1,016,995$905,466$1,330,044
70$1,606,189$1,037,572$906,542$1,404,086
71$1,739,843$1,058,235$906,733$1,484,189
72$1,886,178$1,078,960$905,980$1,570,943
73$2,046,459$1,099,719$904,222$1,664,997
74$2,222,077$1,120,485$901,392$1,767,069
75$2,414,565$1,141,225$897,425$1,877,950
76$2,625,610$1,161,905$892,249$1,998,510
77$2,857,073$1,182,488$885,789$2,129,709
78$3,110,999$1,202,935$877,968$2,272,605
79$3,389,644$1,223,202$868,703$2,428,364
80$3,695,494$1,243,244$857,910$2,598,271
81$4,031,283$1,263,012$845,499$2,783,744
82$4,400,026$1,282,452$831,376$2,986,344
83$4,805,044$1,301,508$815,442$3,207,794
84$5,249,994$1,320,118$797,596$3,449,990
85$5,738,907$1,338,217$777,728$3,715,025
86$6,276,222$1,355,736$755,728$4,005,206
87$6,866,829$1,372,599$731,478$4,323,075
88$7,516,116$1,388,727$704,853$4,671,435
89$8,230,021$1,404,035$675,726$5,053,375
90$9,015,082$1,418,432$643,962$5,472,302
91$9,878,506$1,431,821$609,420$5,931,970
92$10,828,231$1,444,098$571,953$6,436,518
93$11,873,005$1,455,153$531,408$6,990,511
94$13,022,465$1,464,869$487,624$7,598,977
95$14,287,231$1,473,122$440,434$8,267,462
96$15,679,001$1,479,778$389,661$9,002,078
97$17,210,668$1,484,695$335,123$9,809,565
98$18,896,436$1,487,725$276,629$10,697,350
99$20,751,955$1,488,707$213,980$11,673,622
100$22,794,473$1,487,471$146,966$12,747,407