Can I retire at age 63 with 832,000?

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 $832,000?

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$68,706$68,094$67,497$66,914$66,345$65,982
2 years$34,013$33,379$32,765$32,170$31,593$31,227
3 years$22,450$21,814$21,201$20,612$20,044$19,686
4 years$16,670$16,035$15,429$14,850$14,295$13,948
5 years$13,202$12,572$11,974$11,406$10,867$10,532
6 years$10,892$10,266$9,677$9,121$8,599$8,276
7 years$9,242$8,621$8,041$7,499$6,993$6,682
8 years$8,005$7,390$6,820$6,291$5,801$5,503
9 years$7,043$6,434$5,874$5,358$4,886$4,600
10 years$6,275$5,672$5,121$4,619$4,163$3,889
11 years$5,646$5,049$4,508$4,020$3,580$3,319
12 years$5,123$4,532$4,001$3,526$3,103$2,853
13 years$4,680$4,095$3,575$3,113$2,705$2,467
14 years$4,301$3,723$3,212$2,763$2,372$2,145
15 years$3,973$3,401$2,900$2,464$2,088$1,872
16 years$3,686$3,120$2,629$2,207$1,845$1,640
17 years$3,433$2,873$2,392$1,983$1,636$1,442
18 years$3,209$2,655$2,184$1,787$1,455$1,270
19 years$3,008$2,461$1,999$1,614$1,297$1,122
20 years$2,828$2,287$1,835$1,462$1,158$993
21 years$2,665$2,130$1,688$1,327$1,037$880
22 years$2,517$1,988$1,555$1,207$929$781
23 years$2,382$1,860$1,436$1,099$834$695
24 years$2,258$1,742$1,328$1,002$750$618
25 years$2,145$1,635$1,230$915$675$551
26 years$2,041$1,537$1,141$837$608$491
27 years$1,944$1,446$1,060$766$548$438
28 years$1,854$1,363$985$702$494$392
29 years$1,771$1,286$917$644$446$350
30 years$1,694$1,214$854$591$403$313
31 years$1,621$1,148$796$542$365$280
32 years$1,553$1,086$743$499$330$251
33 years$1,490$1,028$693$458$299$224
34 years$1,430$975$648$422$270$201
35 years$1,374$925$606$388$245$180
36 years$1,321$878$567$358$222$161
37 years$1,272$833$530$330$201$145
38 years$1,224$792$497$304$182$130
39 years$1,180$753$465$280$165$116
40 years$1,137$717$436$258$150$104
41 years$1,097$682$409$238$136$94
42 years$1,059$650$384$220$123$84
43 years$1,023$619$360$203$112$75
44 years$989$590$338$187$102$68
45 years$956$563$317$173$92$61
46 years$924$537$298$160$84$55
47 years$894$512$280$148$76$49
48 years$866$489$263$137$69$44
49 years$838$467$247$126$63$39
50 years$812$446$232$117$57$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $832,000, adding $3,666 every year, while hoping to spend $26,249 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: 40/30/30 Blend
62$832,000$832,000$832,000$832,000
63$920,645$876,549$863,653$949,199
64$986,623$891,572$864,657$985,399
65$1,058,450$906,450$864,815$1,021,849
66$1,136,696$921,150$864,070$1,060,794
67$1,221,986$935,635$862,364$1,102,481
68$1,315,012$949,863$859,636$1,147,182
69$1,416,529$963,793$855,820$1,195,197
70$1,527,374$977,378$850,849$1,246,859
71$1,648,466$990,569$844,652$1,302,535
72$1,780,816$1,003,313$837,155$1,362,632
73$1,925,538$1,015,555$828,278$1,427,600
74$2,083,859$1,027,233$817,942$1,497,934
75$2,257,129$1,038,283$806,059$1,574,184
76$2,446,835$1,048,638$792,541$1,656,955
77$2,654,614$1,058,224$777,293$1,746,917
78$2,882,271$1,066,963$760,218$1,844,810
79$3,131,790$1,074,771$741,213$1,951,452
80$3,405,359$1,081,562$720,171$2,067,746
81$3,705,388$1,087,240$696,978$2,194,689
82$4,034,529$1,091,706$671,518$2,333,384
83$4,395,705$1,094,854$643,668$2,485,047
84$4,792,134$1,096,570$613,299$2,651,021
85$5,227,364$1,096,734$580,276$2,832,790
86$5,705,300$1,095,218$544,460$3,031,993
87$6,230,245$1,091,888$505,704$3,250,438
88$6,806,938$1,086,599$463,854$3,490,123
89$7,440,603$1,079,199$418,749$3,753,250
90$8,136,991$1,069,527$370,224$4,042,254
91$8,902,440$1,057,410$318,103$4,359,820
92$9,743,932$1,042,666$262,203$4,708,911
93$10,669,161$1,025,104$202,334$5,092,800
94$11,686,599$1,004,519$138,296$5,515,096
95$12,805,586$980,694$69,883$5,979,782
96$14,036,409$953,401$0$6,491,255
97$15,390,402$922,397$0$7,055,365
98$16,880,055$887,425$0$7,700,400
99$18,519,126$848,215$0$8,409,945
100$20,322,778$804,479$0$9,190,594