Can I retire at age 63 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$69,779$69,158$68,551$67,959$67,381$66,957
2 years$34,544$33,901$33,277$32,673$32,086$31,658
3 years$22,801$22,155$21,533$20,934$20,357$19,938
4 years$16,930$16,286$15,670$15,082$14,519$14,113
5 years$13,409$12,768$12,161$11,584$11,037$10,645
6 years$11,062$10,426$9,828$9,264$8,733$8,356
7 years$9,386$8,756$8,167$7,616$7,102$6,740
8 years$8,130$7,506$6,926$6,389$5,892$5,544
9 years$7,153$6,535$5,965$5,442$4,962$4,628
10 years$6,373$5,760$5,201$4,691$4,228$3,909
11 years$5,734$5,128$4,579$4,083$3,636$3,331
12 years$5,203$4,603$4,064$3,581$3,151$2,860
13 years$4,753$4,159$3,630$3,162$2,748$2,470
14 years$4,368$3,781$3,262$2,807$2,409$2,145
15 years$4,035$3,454$2,945$2,503$2,121$1,870
16 years$3,744$3,169$2,670$2,241$1,874$1,636
17 years$3,487$2,918$2,430$2,014$1,662$1,436
18 years$3,259$2,697$2,218$1,815$1,478$1,263
19 years$3,055$2,499$2,031$1,640$1,317$1,114
20 years$2,872$2,322$1,864$1,485$1,176$985
21 years$2,706$2,163$1,714$1,348$1,053$872
22 years$2,556$2,019$1,580$1,225$944$773
23 years$2,419$1,889$1,459$1,116$847$686
24 years$2,294$1,770$1,349$1,018$761$610
25 years$2,179$1,661$1,249$930$685$542
26 years$2,072$1,561$1,159$850$617$483
27 years$1,974$1,469$1,076$778$556$430
28 years$1,883$1,384$1,000$713$502$384
29 years$1,799$1,306$931$654$453$342
30 years$1,720$1,233$867$600$410$306
31 years$1,647$1,166$808$551$370$273
32 years$1,578$1,103$754$506$335$244
33 years$1,513$1,045$704$466$303$218
34 years$1,453$990$658$428$274$195
35 years$1,396$939$615$394$249$174
36 years$1,342$891$575$363$225$156
37 years$1,291$846$539$335$204$140
38 years$1,244$804$504$308$185$125
39 years$1,198$765$473$284$168$112
40 years$1,155$728$443$262$152$100
41 years$1,115$693$415$242$138$90
42 years$1,076$660$390$223$125$80
43 years$1,039$629$366$206$114$72
44 years$1,004$599$343$190$103$65
45 years$971$571$322$176$94$58
46 years$939$545$303$162$85$52
47 years$908$520$284$150$77$46
48 years$879$497$267$139$70$42
49 years$852$474$251$128$64$37
50 years$825$453$236$118$58$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $845,000, adding $2,356 every year, while hoping to spend $49,025 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: 46/30/24 Blend
62$845,000$845,000$845,000$845,000
63$933,620$888,835$875,738$970,036
64$976,687$880,226$852,913$987,299
65$1,022,504$869,552$827,680$1,001,021
66$1,071,299$856,659$799,907$1,014,929
67$1,123,323$841,387$769,455$1,029,063
68$1,178,851$823,564$736,180$1,043,474
69$1,238,181$803,006$699,931$1,058,219
70$1,301,645$779,523$660,548$1,073,365
71$1,369,603$752,910$617,866$1,088,990
72$1,442,451$722,951$571,713$1,105,185
73$1,520,624$689,418$521,909$1,122,053
74$1,604,599$652,071$468,263$1,139,713
75$1,694,898$610,652$410,580$1,158,301
76$1,792,097$564,893$348,654$1,177,974
77$1,896,825$514,508$282,269$1,198,906
78$2,009,778$459,195$211,201$1,221,301
79$2,131,715$398,635$135,215$1,245,384
80$2,263,472$332,491$54,068$1,271,414
81$2,405,971$260,408$0$1,299,681
82$2,560,220$182,008$0$1,338,844
83$2,727,332$96,895$0$1,396,259
84$2,908,527$4,650$0$1,458,552
85$3,105,148$0$0$1,526,265
86$3,318,673$0$0$1,631,416
87$3,550,727$0$0$1,747,446
88$3,803,097$0$0$1,873,724
89$4,077,751$0$0$2,011,246
90$4,376,851$0$0$2,161,106
91$4,702,779$0$0$2,324,511
92$5,058,156$0$0$2,502,787
93$5,445,865$0$0$2,697,394
94$5,869,082$0$0$2,909,940
95$6,331,301$0$0$3,142,193
96$6,836,368$0$0$3,396,103
97$7,388,520$0$0$3,673,814
98$7,992,419$0$0$3,977,688
99$8,653,199$0$0$4,310,325
100$9,376,513$0$0$4,674,588