Can I retire at age 63 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$66,889$66,293$65,712$65,145$64,591$63,757
2 years$33,113$32,497$31,899$31,319$30,757$29,919
3 years$21,856$21,237$20,641$20,067$19,514$18,696
4 years$16,229$15,611$15,021$14,457$13,917$13,127
5 years$12,853$12,240$11,657$11,104$10,580$9,819
6 years$10,604$9,994$9,421$8,880$8,371$7,641
7 years$8,997$8,393$7,829$7,301$6,808$6,109
8 years$7,793$7,195$6,639$6,125$5,648$4,979
9 years$6,857$6,264$5,718$5,217$4,756$4,118
10 years$6,109$5,522$4,985$4,497$4,053$3,445
11 years$5,497$4,916$4,389$3,914$3,486$2,907
12 years$4,987$4,412$3,895$3,433$3,020$2,470
13 years$4,556$3,987$3,480$3,031$2,634$2,112
14 years$4,187$3,624$3,127$2,690$2,309$1,814
15 years$3,868$3,311$2,823$2,399$2,033$1,565
16 years$3,589$3,038$2,560$2,148$1,797$1,354
17 years$3,342$2,797$2,329$1,930$1,593$1,175
18 years$3,124$2,585$2,126$1,739$1,416$1,022
19 years$2,929$2,396$1,946$1,572$1,263$891
20 years$2,753$2,226$1,786$1,424$1,128$778
21 years$2,594$2,074$1,643$1,292$1,009$681
22 years$2,450$1,936$1,514$1,175$905$596
23 years$2,319$1,810$1,398$1,070$812$523
24 years$2,199$1,696$1,293$976$730$459
25 years$2,088$1,592$1,198$891$657$403
26 years$1,987$1,496$1,111$815$592$355
27 years$1,892$1,408$1,031$746$533$312
28 years$1,805$1,327$959$683$481$275
29 years$1,724$1,252$892$627$435$242
30 years$1,649$1,182$831$575$393$213
31 years$1,578$1,117$775$528$355$188
32 years$1,512$1,057$723$485$321$166
33 years$1,451$1,001$675$446$291$146
34 years$1,393$949$631$411$263$129
35 years$1,338$900$590$378$238$114
36 years$1,286$854$552$348$216$101
37 years$1,238$811$516$321$196$89
38 years$1,192$771$484$296$177$78
39 years$1,149$733$453$273$161$69
40 years$1,107$698$425$251$146$61
41 years$1,068$664$398$232$132$54
42 years$1,031$632$373$214$120$48
43 years$996$603$350$198$109$42
44 years$962$574$329$183$99$37
45 years$930$548$309$169$90$33
46 years$900$523$290$156$82$29
47 years$871$499$273$144$74$26
48 years$843$476$256$133$67$23
49 years$816$455$241$123$61$20
50 years$791$434$226$114$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $810,000, adding $4,695 every year, while hoping to spend $25,878 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: 53/23/24 Blend
62$810,000$810,000$810,000$810,000
63$897,463$854,533$841,978$938,834
64$961,470$868,871$842,650$982,220
65$1,031,139$883,044$842,478$1,026,351
66$1,107,019$897,018$841,405$1,073,840
67$1,189,716$910,753$839,373$1,125,018
68$1,279,896$924,209$836,321$1,180,248
69$1,378,293$937,343$832,186$1,239,933
70$1,485,714$950,107$826,898$1,304,516
71$1,603,047$962,452$820,389$1,374,486
72$1,731,270$974,325$812,585$1,450,383
73$1,871,460$985,667$803,407$1,532,805
74$2,024,803$996,419$792,775$1,622,407
75$2,192,605$1,006,515$780,605$1,719,917
76$2,376,302$1,015,886$766,807$1,826,135
77$2,577,478$1,024,458$751,288$1,941,945
78$2,797,876$1,032,151$733,951$2,068,322
79$3,039,415$1,038,883$714,695$2,206,342
80$3,304,211$1,044,563$693,412$2,357,191
81$3,594,591$1,049,098$669,992$2,522,180
82$3,913,120$1,052,385$644,318$2,702,753
83$4,262,624$1,054,317$616,268$2,900,504
84$4,646,214$1,054,780$585,715$3,117,191
85$5,067,317$1,053,654$552,526$3,354,755
86$5,529,708$1,050,808$516,561$3,615,335
87$6,037,548$1,046,107$477,675$3,901,290
88$6,595,418$1,039,406$435,717$4,215,225
89$7,208,365$1,030,551$390,528$4,560,011
90$7,881,948$1,019,379$341,941$4,938,816
91$8,622,295$1,005,717$289,784$5,355,132
92$9,436,154$989,381$233,876$5,812,813
93$10,330,959$970,178$174,028$6,316,107
94$11,314,902$947,902$110,044$6,869,700
95$12,397,008$922,336$41,717$7,478,760
96$13,587,221$893,248$0$8,148,985
97$14,896,495$860,395$0$8,894,651
98$16,336,902$823,519$0$9,726,616
99$17,921,741$782,346$0$10,641,889
100$19,665,665$736,588$0$11,648,956