Can I retire at age 63 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$67,054$66,457$65,874$65,305$64,750$63,651
2 years$33,195$32,577$31,978$31,397$30,833$29,730
3 years$21,910$21,289$20,692$20,116$19,562$18,488
4 years$16,269$15,650$15,058$14,493$13,952$12,915
5 years$12,885$12,270$11,686$11,132$10,606$9,610
6 years$10,630$10,019$9,444$8,902$8,392$7,438
7 years$9,020$8,414$7,848$7,319$6,825$5,914
8 years$7,812$7,212$6,656$6,140$5,662$4,793
9 years$6,874$6,280$5,733$5,230$4,768$3,940
10 years$6,124$5,535$4,998$4,508$4,063$3,276
11 years$5,510$4,928$4,400$3,923$3,494$2,747
12 years$5,000$4,423$3,905$3,441$3,028$2,320
13 years$4,568$3,997$3,489$3,038$2,640$1,970
14 years$4,198$3,633$3,135$2,697$2,315$1,681
15 years$3,877$3,319$2,830$2,405$2,038$1,440
16 years$3,597$3,045$2,566$2,154$1,801$1,238
17 years$3,351$2,804$2,335$1,935$1,597$1,066
18 years$3,132$2,591$2,131$1,744$1,420$921
19 years$2,936$2,402$1,951$1,576$1,266$797
20 years$2,760$2,232$1,791$1,427$1,131$691
21 years$2,601$2,079$1,647$1,295$1,012$600
22 years$2,456$1,940$1,518$1,178$907$522
23 years$2,325$1,815$1,402$1,072$814$454
24 years$2,204$1,700$1,296$978$732$395
25 years$2,093$1,596$1,201$893$658$345
26 years$1,991$1,500$1,114$817$593$301
27 years$1,897$1,411$1,034$748$535$262
28 years$1,810$1,330$961$685$482$229
29 years$1,729$1,255$895$628$436$200
30 years$1,653$1,185$833$576$394$175
31 years$1,582$1,120$777$529$356$153
32 years$1,516$1,060$725$487$322$134
33 years$1,454$1,004$677$447$291$117
34 years$1,396$951$632$412$264$102
35 years$1,341$902$591$379$239$90
36 years$1,290$856$553$349$216$78
37 years$1,241$813$518$322$196$69
38 years$1,195$773$485$296$178$60
39 years$1,151$735$454$273$161$53
40 years$1,110$699$426$252$146$46
41 years$1,071$666$399$233$133$40
42 years$1,034$634$374$215$120$35
43 years$998$604$351$198$109$31
44 years$965$576$330$183$99$27
45 years$933$549$310$169$90$24
46 years$902$524$291$156$82$21
47 years$873$500$273$144$74$18
48 years$845$477$257$133$67$16
49 years$818$456$241$123$61$14
50 years$793$435$227$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $812,000, adding $6,925 every year, while hoping to spend $22,769 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: 29/41/30 Blend
62$812,000$812,000$812,000$812,000
63$901,967$858,931$846,345$919,651
64$969,742$876,793$850,472$952,145
65$1,043,666$894,766$853,973$984,632
66$1,124,344$912,834$856,805$1,019,110
67$1,212,439$930,974$858,920$1,055,770
68$1,308,682$949,166$860,268$1,094,819
69$1,413,877$967,386$860,797$1,136,489
70$1,528,912$985,607$860,453$1,181,035
71$1,654,761$1,003,801$859,178$1,228,739
72$1,792,499$1,021,939$856,912$1,279,912
73$1,943,307$1,039,988$853,593$1,334,900
74$2,108,489$1,057,913$849,153$1,394,081
75$2,289,480$1,075,675$843,524$1,457,878
76$2,487,858$1,093,234$836,633$1,526,756
77$2,705,363$1,110,546$828,404$1,601,226
78$2,943,912$1,127,564$818,757$1,681,859
79$3,205,614$1,144,239$807,609$1,769,279
80$3,492,796$1,160,515$794,873$1,864,180
81$3,808,016$1,176,335$780,456$1,967,327
82$4,154,096$1,191,638$764,263$2,079,566
83$4,534,142$1,206,357$746,195$2,201,829
84$4,951,577$1,220,421$726,145$2,335,147
85$5,410,172$1,233,756$704,005$2,480,660
86$5,914,080$1,246,280$679,659$2,639,625
87$6,467,876$1,257,908$652,988$2,813,429
88$7,076,603$1,268,548$623,867$3,003,606
89$7,745,813$1,278,104$592,163$3,211,848
90$8,481,625$1,286,471$557,740$3,440,024
91$9,290,782$1,293,538$520,455$3,690,195
92$10,180,709$1,299,189$480,157$3,964,640
93$11,159,590$1,303,298$436,691$4,265,870
94$12,236,441$1,305,733$389,894$4,596,659
95$13,421,196$1,306,352$339,593$4,960,069
96$14,724,800$1,305,005$285,612$5,359,478
97$16,159,313$1,301,534$227,763$5,798,614
98$17,738,023$1,295,769$165,853$6,281,590
99$19,475,570$1,287,531$99,678$6,812,946
100$21,388,088$1,276,629$29,027$7,397,689