Can I retire at age 63 with 844,000?

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 $844,000?

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$69,697$69,076$68,470$67,879$67,302$66,241
2 years$34,503$33,861$33,238$32,634$32,048$30,983
3 years$22,774$22,128$21,507$20,909$20,333$19,295
4 years$16,910$16,267$15,652$15,064$14,502$13,500
5 years$13,393$12,753$12,146$11,570$11,024$10,061
6 years$11,049$10,414$9,816$9,253$8,723$7,800
7 years$9,375$8,746$8,157$7,607$7,094$6,211
8 years$8,120$7,497$6,918$6,382$5,885$5,043
9 years$7,145$6,527$5,958$5,436$4,956$4,153
10 years$6,365$5,753$5,195$4,686$4,223$3,459
11 years$5,728$5,122$4,573$4,078$3,632$2,906
12 years$5,197$4,597$4,059$3,577$3,147$2,459
13 years$4,748$4,154$3,626$3,158$2,744$2,093
14 years$4,363$3,776$3,258$2,803$2,406$1,789
15 years$4,030$3,450$2,942$2,500$2,118$1,536
16 years$3,739$3,165$2,667$2,238$1,872$1,323
17 years$3,483$2,915$2,427$2,011$1,660$1,142
18 years$3,255$2,693$2,215$1,813$1,476$989
19 years$3,051$2,496$2,028$1,638$1,316$858
20 years$2,868$2,320$1,861$1,483$1,175$745
21 years$2,703$2,161$1,712$1,346$1,052$648
22 years$2,553$2,017$1,578$1,224$943$565
23 years$2,416$1,886$1,457$1,115$846$493
24 years$2,291$1,767$1,347$1,017$760$430
25 years$2,176$1,659$1,248$929$684$376
26 years$2,070$1,559$1,157$849$616$329
27 years$1,972$1,467$1,075$777$556$287
28 years$1,881$1,382$999$712$501$252
29 years$1,797$1,304$930$653$453$220
30 years$1,718$1,232$866$599$409$193
31 years$1,645$1,164$807$550$370$169
32 years$1,576$1,102$753$506$335$148
33 years$1,511$1,043$703$465$303$130
34 years$1,451$989$657$428$274$114
35 years$1,394$938$614$394$248$100
36 years$1,340$890$575$363$225$88
37 years$1,290$845$538$334$204$77
38 years$1,242$803$504$308$185$68
39 years$1,197$764$472$284$168$59
40 years$1,154$727$442$262$152$52
41 years$1,113$692$415$242$138$46
42 years$1,075$659$389$223$125$40
43 years$1,038$628$365$206$114$35
44 years$1,003$599$343$190$103$31
45 years$969$571$322$176$94$27
46 years$938$544$302$162$85$24
47 years$907$520$284$150$77$21
48 years$878$496$267$138$70$18
49 years$851$474$251$128$64$16
50 years$824$452$236$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $844,000, adding $5,015 every year, while hoping to spend $36,559 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: 72/6/22 Blend
62$844,000$844,000$844,000$844,000
63$935,261$890,529$877,447$997,195
64$991,759$895,266$867,943$1,043,851
65$1,052,795$899,011$856,895$1,090,106
66$1,118,792$901,674$844,214$1,139,861
67$1,190,217$903,165$829,803$1,193,459
68$1,267,583$903,384$813,566$1,251,279
69$1,351,454$902,227$795,397$1,313,737
70$1,442,448$899,581$775,188$1,381,294
71$1,541,247$895,331$752,827$1,454,457
72$1,648,602$889,350$728,194$1,533,787
73$1,765,337$881,505$701,166$1,619,901
74$1,892,358$871,656$671,612$1,713,482
75$2,030,666$859,654$639,398$1,815,280
76$2,181,357$845,340$604,381$1,926,126
77$2,345,640$828,547$566,413$2,046,934
78$2,524,847$809,097$525,339$2,178,715
79$2,720,441$786,803$480,998$2,322,580
80$2,934,035$761,465$433,220$2,479,760
81$3,167,403$732,873$381,830$2,651,607
82$3,422,499$700,804$326,641$2,839,618
83$3,701,472$665,023$267,463$3,045,438
84$4,006,693$625,279$204,093$3,270,888
85$4,340,767$581,309$136,322$3,517,970
86$4,706,567$532,835$63,930$3,788,896
87$5,107,254$479,562$0$4,086,105
88$5,546,311$421,177$0$4,415,414
89$6,027,573$357,352$0$4,792,878
90$6,555,262$287,739$0$5,206,805
91$7,134,031$211,971$0$5,660,861
92$7,769,004$129,660$0$6,159,086
93$8,465,825$40,395$0$6,705,934
94$9,230,709$0$0$7,306,307
95$10,070,504$0$0$7,969,326
96$10,992,754$0$0$8,700,414
97$12,005,767$0$0$9,503,496
98$13,118,698$0$0$10,385,836
99$14,341,631$0$0$11,355,433
100$15,685,675$0$0$12,421,102