Can I retire at age 63 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$69,862$69,240$68,632$68,040$67,461$66,785
2 years$34,585$33,941$33,317$32,711$32,124$31,443
3 years$22,828$22,181$21,558$20,959$20,381$19,716
4 years$16,950$16,305$15,689$15,099$14,536$13,892
5 years$13,425$12,784$12,175$11,598$11,050$10,429
6 years$11,075$10,439$9,839$9,275$8,743$8,147
7 years$9,397$8,766$8,177$7,625$7,111$6,538
8 years$8,140$7,514$6,934$6,397$5,899$5,351
9 years$7,162$6,543$5,973$5,449$4,968$4,444
10 years$6,380$5,767$5,207$4,697$4,233$3,733
11 years$5,741$5,134$4,584$4,088$3,640$3,164
12 years$5,209$4,608$4,068$3,585$3,155$2,701
13 years$4,759$4,164$3,635$3,165$2,751$2,319
14 years$4,373$3,785$3,266$2,810$2,411$2,002
15 years$4,040$3,458$2,949$2,506$2,123$1,735
16 years$3,748$3,173$2,673$2,244$1,877$1,508
17 years$3,491$2,922$2,433$2,016$1,664$1,316
18 years$3,263$2,700$2,221$1,817$1,479$1,150
19 years$3,059$2,502$2,033$1,642$1,319$1,008
20 years$2,875$2,325$1,866$1,487$1,178$885
21 years$2,710$2,166$1,716$1,349$1,054$778
22 years$2,559$2,022$1,582$1,227$945$685
23 years$2,422$1,891$1,460$1,117$848$604
24 years$2,296$1,772$1,351$1,019$762$533
25 years$2,181$1,663$1,251$931$686$471
26 years$2,075$1,563$1,160$851$618$416
27 years$1,977$1,471$1,077$779$557$368
28 years$1,886$1,386$1,002$714$503$326
29 years$1,801$1,307$932$654$454$289
30 years$1,722$1,235$868$601$410$256
31 years$1,648$1,167$809$552$371$227
32 years$1,580$1,104$755$507$335$201
33 years$1,515$1,046$705$466$304$179
34 years$1,454$991$659$429$275$159
35 years$1,397$940$616$395$249$141
36 years$1,344$892$576$364$226$125
37 years$1,293$847$539$335$204$111
38 years$1,245$805$505$309$185$99
39 years$1,200$766$473$285$168$88
40 years$1,157$729$443$263$152$78
41 years$1,116$694$416$242$138$69
42 years$1,077$661$390$224$125$62
43 years$1,040$629$366$206$114$55
44 years$1,005$600$344$191$103$49
45 years$972$572$323$176$94$43
46 years$940$546$303$163$85$38
47 years$909$521$285$150$77$34
48 years$880$497$268$139$70$30
49 years$853$475$251$128$64$27
50 years$826$454$236$119$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $846,000, adding $6,720 every year, while hoping to spend $41,902 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: 50/21/29 Blend
62$846,000$846,000$846,000$846,000
63$939,224$894,386$881,273$978,175
64$990,441$893,627$866,212$1,005,373
65$1,045,478$891,427$849,242$1,030,227
66$1,104,681$887,671$830,255$1,056,432
67$1,168,427$882,236$809,138$1,084,137
68$1,237,135$874,993$785,773$1,113,505
69$1,311,261$865,806$760,034$1,144,724
70$1,391,308$854,529$731,793$1,177,997
71$1,477,828$841,008$700,915$1,213,557
72$1,571,428$825,079$667,258$1,251,658
73$1,672,776$806,569$630,673$1,292,586
74$1,782,604$785,297$591,005$1,336,658
75$1,901,720$761,067$548,094$1,384,228
76$2,031,010$733,674$501,770$1,435,689
77$2,171,451$702,901$451,857$1,491,478
78$2,324,114$668,519$398,170$1,552,079
79$2,490,182$630,284$340,516$1,618,034
80$2,670,952$587,939$278,695$1,689,940
81$2,867,853$541,213$212,496$1,768,463
82$3,082,460$489,818$141,700$1,854,339
83$3,316,502$433,450$66,078$1,948,388
84$3,571,884$371,788$0$2,051,517
85$3,850,704$304,494$0$2,169,258
86$4,155,271$231,208$0$2,320,313
87$4,488,124$151,553$0$2,485,533
88$4,852,063$65,129$0$2,666,369
89$5,250,167$0$0$2,864,426
90$5,685,828$0$0$3,088,056
91$6,162,781$0$0$3,349,445
92$6,685,139$0$0$3,635,807
93$7,257,431$0$0$3,949,637
94$7,884,644$0$0$4,293,682
95$8,572,272$0$0$4,670,966
96$9,326,365$0$0$5,084,822
97$10,153,587$0$0$5,538,920
98$11,061,277$0$0$6,037,303
99$12,057,520$0$0$6,584,423
100$13,151,222$0$0$7,185,185