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%11.3%
1 years$70,027$69,403$68,795$68,201$67,621$67,251
2 years$34,667$34,021$33,395$32,789$32,200$31,827
3 years$22,882$22,233$21,609$21,008$20,429$20,064
4 years$16,990$16,344$15,726$15,135$14,570$14,216
5 years$13,456$12,814$12,204$11,625$11,076$10,734
6 years$11,101$10,463$9,863$9,297$8,764$8,435
7 years$9,419$8,787$8,196$7,643$7,128$6,811
8 years$8,159$7,532$6,951$6,412$5,913$5,609
9 years$7,179$6,558$5,987$5,461$4,980$4,688
10 years$6,395$5,781$5,219$4,708$4,243$3,964
11 years$5,755$5,146$4,595$4,097$3,649$3,382
12 years$5,221$4,619$4,078$3,594$3,162$2,908
13 years$4,770$4,174$3,643$3,173$2,757$2,515
14 years$4,384$3,794$3,274$2,816$2,417$2,186
15 years$4,049$3,466$2,956$2,512$2,128$1,908
16 years$3,757$3,180$2,680$2,249$1,881$1,672
17 years$3,499$2,929$2,438$2,021$1,668$1,469
18 years$3,270$2,706$2,226$1,821$1,483$1,295
19 years$3,066$2,508$2,038$1,646$1,322$1,144
20 years$2,882$2,331$1,870$1,490$1,181$1,012
21 years$2,716$2,171$1,720$1,353$1,057$897
22 years$2,565$2,026$1,585$1,230$947$796
23 years$2,428$1,895$1,464$1,120$850$708
24 years$2,302$1,776$1,354$1,022$764$630
25 years$2,186$1,667$1,254$933$688$562
26 years$2,080$1,566$1,163$853$619$501
27 years$1,981$1,474$1,080$781$558$447
28 years$1,890$1,389$1,004$715$504$399
29 years$1,805$1,310$934$656$455$357
30 years$1,726$1,237$870$602$411$319
31 years$1,652$1,170$811$553$372$285
32 years$1,583$1,107$757$508$336$255
33 years$1,519$1,048$707$467$304$229
34 years$1,458$993$660$430$275$205
35 years$1,401$942$617$396$250$184
36 years$1,347$894$578$365$226$165
37 years$1,296$849$541$336$205$148
38 years$1,248$807$506$310$186$132
39 years$1,202$768$474$285$168$119
40 years$1,159$730$445$263$153$106
41 years$1,118$695$417$243$139$95
42 years$1,080$662$391$224$126$86
43 years$1,043$631$367$207$114$77
44 years$1,008$601$344$191$104$69
45 years$974$573$323$176$94$62
46 years$942$547$304$163$85$56
47 years$912$522$285$151$78$50
48 years$882$498$268$139$70$45
49 years$855$476$252$129$64$40
50 years$828$455$237$119$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $848,000, adding $5,385 every year, while hoping to spend $41,443 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: 64/31/5 Blend
62$848,000$848,000$848,000$848,000
63$940,051$895,107$881,963$999,198
64$991,841$894,872$867,413$1,038,975
65$1,047,524$893,237$850,988$1,076,981
66$1,107,455$890,088$832,579$1,117,391
67$1,172,021$885,308$812,076$1,160,436
68$1,241,648$878,769$789,361$1,206,367
69$1,316,805$870,337$764,313$1,255,467
70$1,398,005$859,870$736,804$1,308,044
71$1,485,815$847,217$706,701$1,364,441
72$1,580,856$832,219$673,863$1,425,039
73$1,683,811$814,705$638,145$1,490,256
74$1,795,431$794,497$599,394$1,560,557
75$1,916,542$771,404$557,451$1,636,453
76$2,048,053$745,226$512,149$1,718,511
77$2,190,962$715,751$463,314$1,807,359
78$2,346,370$682,752$410,764$1,903,690
79$2,515,485$645,992$354,310$2,008,268
80$2,699,638$605,219$293,753$2,121,941
81$2,900,293$560,167$228,886$2,245,644
82$3,119,062$510,554$159,493$2,380,411
83$3,357,717$456,083$85,347$2,527,384
84$3,618,212$396,438$6,214$2,687,827
85$3,902,694$331,288$0$2,863,133
86$4,213,530$260,282$0$3,059,017
87$4,553,322$183,048$0$3,273,635
88$4,924,939$99,196$0$3,508,547
89$5,331,537$8,310$0$3,765,846
90$5,776,592$0$0$4,047,842
91$6,263,931$0$0$4,387,801
92$6,797,770$0$0$4,763,362
93$7,382,751$0$0$5,174,961
94$8,023,985$0$0$5,626,204
95$8,727,103$0$0$6,121,062
96$9,498,306$0$0$6,663,905
97$10,344,425$0$0$7,259,552
98$11,272,983$0$0$7,913,305
99$12,292,266$0$0$8,631,011
100$13,411,404$0$0$9,419,104