Can I retire at age 63 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$70,110$69,485$68,876$68,281$67,700$66,634
2 years$34,708$34,061$33,435$32,827$32,238$31,166
3 years$22,909$22,259$21,635$21,033$20,453$19,410
4 years$17,010$16,363$15,744$15,153$14,587$13,580
5 years$13,472$12,829$12,218$11,639$11,089$10,121
6 years$11,114$10,476$9,874$9,308$8,774$7,846
7 years$9,431$8,797$8,206$7,652$7,136$6,248
8 years$8,168$7,541$6,959$6,419$5,920$5,073
9 years$7,187$6,566$5,994$5,468$4,985$4,178
10 years$6,403$5,787$5,225$4,713$4,248$3,480
11 years$5,761$5,152$4,600$4,102$3,653$2,923
12 years$5,227$4,624$4,083$3,598$3,166$2,474
13 years$4,776$4,179$3,648$3,177$2,761$2,105
14 years$4,389$3,799$3,277$2,820$2,420$1,800
15 years$4,054$3,470$2,959$2,515$2,131$1,545
16 years$3,761$3,184$2,683$2,252$1,883$1,330
17 years$3,503$2,932$2,441$2,023$1,670$1,149
18 years$3,274$2,709$2,229$1,823$1,485$995
19 years$3,070$2,511$2,040$1,647$1,323$863
20 years$2,885$2,333$1,872$1,492$1,182$749
21 years$2,719$2,174$1,722$1,354$1,058$652
22 years$2,568$2,029$1,587$1,231$948$568
23 years$2,431$1,898$1,466$1,121$851$496
24 years$2,305$1,778$1,355$1,023$765$433
25 years$2,189$1,668$1,255$934$688$378
26 years$2,082$1,568$1,164$854$620$331
27 years$1,984$1,476$1,081$782$559$289
28 years$1,892$1,391$1,005$716$504$253
29 years$1,807$1,312$935$657$455$222
30 years$1,728$1,239$871$603$412$194
31 years$1,654$1,171$812$554$372$170
32 years$1,585$1,108$758$509$337$149
33 years$1,520$1,049$708$468$305$131
34 years$1,460$995$661$430$276$115
35 years$1,402$943$618$396$250$101
36 years$1,348$895$578$365$226$88
37 years$1,298$850$541$336$205$78
38 years$1,249$808$507$310$186$68
39 years$1,204$769$475$286$169$60
40 years$1,161$731$445$264$153$53
41 years$1,120$696$417$243$139$46
42 years$1,081$663$391$224$126$41
43 years$1,044$632$367$207$114$36
44 years$1,009$602$345$191$104$31
45 years$975$574$324$177$94$27
46 years$943$548$304$163$86$24
47 years$913$523$286$151$78$21
48 years$884$499$268$139$71$19
49 years$856$476$252$129$64$16
50 years$829$455$237$119$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $849,000, adding $6,052 every year, while hoping to spend $36,924 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: 59/12/29 Blend
62$849,000$849,000$849,000$849,000
63$941,841$896,844$883,684$989,641
64$998,622$901,502$874,001$1,027,693
65$1,059,957$905,151$862,755$1,064,754
66$1,126,271$907,703$849,857$1,104,423
67$1,198,033$909,063$835,209$1,146,962
68$1,275,757$909,131$818,713$1,192,664
69$1,360,007$907,801$800,263$1,241,851
70$1,451,406$904,962$779,750$1,294,880
71$1,550,637$900,492$757,059$1,352,148
72$1,658,452$894,266$732,070$1,414,090
73$1,775,677$886,149$704,658$1,481,191
74$1,903,224$875,998$674,692$1,553,984
75$2,042,093$863,662$642,035$1,633,061
76$2,193,387$848,981$606,542$1,719,075
77$2,358,316$831,786$568,066$1,812,748
78$2,538,216$811,895$526,448$1,914,879
79$2,734,556$789,120$481,525$2,026,349
80$2,948,952$763,257$433,128$2,148,133
81$3,183,183$734,095$381,076$2,281,308
82$3,439,209$701,408$325,183$2,427,063
83$3,719,188$664,956$265,256$2,586,714
84$4,025,493$624,486$201,090$2,761,710
85$4,360,740$579,733$132,473$2,953,657
86$4,727,809$530,413$59,185$3,164,323
87$5,129,870$476,229$0$3,395,665
88$5,570,416$416,863$0$3,655,728
89$6,053,293$351,984$0$3,960,934
90$6,582,736$281,238$0$4,295,660
91$7,163,410$204,254$0$4,662,892
92$7,800,455$120,639$0$5,065,920
93$8,499,528$29,977$0$5,508,370
94$9,266,865$0$0$5,994,242
95$10,109,333$0$0$6,536,941
96$11,034,495$0$0$7,137,331
97$12,050,686$0$0$7,796,870
98$13,167,084$0$0$8,521,524
99$14,393,802$0$0$9,317,869
100$15,741,981$0$0$10,193,147