Can I retire at age 63 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$66,972$66,375$65,793$65,225$64,670$62,928
2 years$33,154$32,537$31,938$31,358$30,795$29,053
3 years$21,883$21,263$20,666$20,091$19,538$17,849
4 years$16,249$15,631$15,040$14,475$13,935$12,313
5 years$12,869$12,255$11,671$11,118$10,593$9,042
6 years$10,617$10,007$9,432$8,891$8,382$6,904
7 years$9,008$8,404$7,838$7,310$6,817$5,412
8 years$7,803$7,204$6,647$6,132$5,655$4,323
9 years$6,866$6,272$5,725$5,223$4,762$3,501
10 years$6,116$5,528$4,992$4,502$4,058$2,866
11 years$5,504$4,922$4,395$3,918$3,490$2,365
12 years$4,993$4,417$3,900$3,437$3,024$1,965
13 years$4,562$3,992$3,484$3,034$2,637$1,642
14 years$4,193$3,629$3,131$2,694$2,312$1,377
15 years$3,873$3,315$2,827$2,402$2,035$1,159
16 years$3,593$3,041$2,563$2,151$1,799$979
17 years$3,347$2,801$2,332$1,933$1,595$828
18 years$3,128$2,588$2,129$1,742$1,418$702
19 years$2,932$2,399$1,949$1,574$1,264$597
20 years$2,756$2,229$1,789$1,425$1,129$508
21 years$2,597$2,076$1,645$1,294$1,010$432
22 years$2,453$1,938$1,516$1,176$906$369
23 years$2,322$1,813$1,400$1,071$813$315
24 years$2,201$1,698$1,295$977$731$269
25 years$2,091$1,594$1,199$892$658$230
26 years$1,989$1,498$1,112$816$592$196
27 years$1,895$1,410$1,033$747$534$168
28 years$1,808$1,328$960$684$482$144
29 years$1,726$1,253$893$627$435$123
30 years$1,651$1,183$832$576$393$105
31 years$1,580$1,119$776$529$355$90
32 years$1,514$1,059$724$486$322$77
33 years$1,452$1,003$676$447$291$66
34 years$1,394$950$632$411$263$57
35 years$1,340$901$590$379$239$49
36 years$1,288$855$552$349$216$42
37 years$1,239$812$517$321$196$36
38 years$1,193$772$484$296$178$31
39 years$1,150$734$454$273$161$26
40 years$1,109$698$425$252$146$22
41 years$1,070$665$399$232$133$19
42 years$1,033$633$374$214$120$17
43 years$997$603$351$198$109$14
44 years$964$575$329$183$99$12
45 years$932$548$309$169$90$10
46 years$901$523$290$156$82$9
47 years$872$499$273$144$74$8
48 years$844$477$256$133$67$7
49 years$817$455$241$123$61$6
50 years$792$435$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $811,000, adding $2,958 every year, while hoping to spend $33,230 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: 60/31/9 Blend
62$811,000$811,000$811,000$811,000
63$896,773$853,790$841,220$948,594
64$952,888$860,269$834,044$990,186
65$1,013,612$865,952$825,514$1,031,480
66$1,079,381$870,765$815,550$1,075,697
67$1,150,674$874,629$804,067$1,123,118
68$1,228,017$877,459$790,977$1,174,057
69$1,311,987$879,167$776,188$1,228,858
70$1,403,222$879,659$759,602$1,287,903
71$1,502,422$878,833$741,120$1,351,612
72$1,610,356$876,583$720,634$1,420,451
73$1,727,872$872,795$698,035$1,494,932
74$1,855,902$867,349$673,206$1,575,622
75$1,995,473$860,118$646,028$1,663,147
76$2,147,713$850,966$616,372$1,758,198
77$2,313,866$839,750$584,106$1,861,538
78$2,495,299$826,317$549,093$1,974,010
79$2,693,520$810,506$511,188$2,096,543
80$2,910,186$792,148$470,239$2,230,164
81$3,147,122$771,060$426,090$2,376,008
82$3,406,339$747,053$378,574$2,535,325
83$3,690,050$719,923$327,521$2,709,498
84$4,000,691$689,455$272,749$2,900,051
85$4,340,947$655,424$214,072$3,108,668
86$4,713,773$617,589$151,292$3,337,208
87$5,122,424$575,697$84,206$3,587,719
88$5,570,484$529,479$12,600$3,862,467
89$6,061,902$478,652$0$4,163,949
90$6,601,027$422,916$0$4,501,049
91$7,192,647$361,955$0$4,872,371
92$7,842,040$295,433$0$5,280,082
93$8,555,017$222,998$0$5,727,911
94$9,337,979$144,276$0$6,219,969
95$10,197,980$58,873$0$6,760,791
96$11,142,788$0$0$7,355,378
97$12,180,962$0$0$8,020,717
98$13,321,930$0$0$8,774,075
99$14,576,080$0$0$9,602,236
100$15,954,856$0$0$10,512,766