Can I retire at age 63 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$67,137$66,539$65,955$65,386$64,830$62,855
2 years$33,236$32,617$32,017$31,435$30,871$28,899
3 years$21,937$21,316$20,717$20,141$19,586$17,678
4 years$16,289$15,669$15,077$14,510$13,969$12,139
5 years$12,901$12,285$11,700$11,145$10,619$8,873
6 years$10,643$10,032$9,456$8,913$8,402$6,741
7 years$9,031$8,424$7,858$7,328$6,833$5,258
8 years$7,822$7,221$6,664$6,147$5,669$4,177
9 years$6,883$6,287$5,740$5,236$4,774$3,365
10 years$6,131$5,542$5,004$4,514$4,068$2,739
11 years$5,517$4,934$4,405$3,928$3,498$2,248
12 years$5,006$4,428$3,910$3,446$3,032$1,856
13 years$4,573$4,002$3,493$3,042$2,644$1,541
14 years$4,203$3,638$3,138$2,700$2,317$1,285
15 years$3,882$3,323$2,834$2,408$2,040$1,075
16 years$3,602$3,049$2,569$2,156$1,803$902
17 years$3,355$2,808$2,338$1,937$1,599$758
18 years$3,135$2,595$2,134$1,746$1,422$639
19 years$2,939$2,405$1,954$1,578$1,267$539
20 years$2,763$2,234$1,793$1,429$1,132$455
21 years$2,604$2,081$1,649$1,297$1,013$385
22 years$2,459$1,943$1,520$1,179$908$326
23 years$2,328$1,817$1,403$1,074$815$276
24 years$2,207$1,703$1,298$979$733$234
25 years$2,096$1,598$1,202$894$659$199
26 years$1,994$1,502$1,115$818$594$169
27 years$1,900$1,413$1,035$749$535$143
28 years$1,812$1,332$962$686$483$122
29 years$1,731$1,256$896$629$436$103
30 years$1,655$1,186$834$577$394$88
31 years$1,584$1,122$778$530$356$75
32 years$1,518$1,061$726$487$322$63
33 years$1,456$1,005$678$448$292$54
34 years$1,398$952$633$412$264$46
35 years$1,343$903$592$379$239$39
36 years$1,291$857$554$349$217$33
37 years$1,242$814$518$322$196$28
38 years$1,196$774$485$297$178$24
39 years$1,153$736$455$274$161$20
40 years$1,111$700$426$252$146$17
41 years$1,072$667$400$233$133$15
42 years$1,035$635$375$215$121$13
43 years$1,000$605$352$198$109$11
44 years$966$577$330$183$99$9
45 years$934$550$310$169$90$8
46 years$903$524$291$156$82$7
47 years$874$500$274$144$74$6
48 years$846$478$257$133$68$5
49 years$819$456$242$123$61$4
50 years$794$436$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $813,000, adding $4,182 every year, while hoping to spend $51,048 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: 81/5/14 Blend
62$813,000$813,000$813,000$813,000
63$900,240$857,151$844,549$970,340
64$937,750$844,836$818,527$1,004,674
65$977,374$830,208$789,922$1,035,291
66$1,019,276$813,098$758,594$1,067,421
67$1,063,632$793,329$724,396$1,101,192
68$1,110,633$770,713$687,175$1,136,744
69$1,160,493$745,053$646,770$1,174,231
70$1,213,440$716,137$603,013$1,213,824
71$1,269,726$683,744$555,730$1,255,711
72$1,329,628$647,637$504,737$1,300,100
73$1,393,448$607,569$449,843$1,347,219
74$1,461,515$563,275$390,849$1,397,321
75$1,534,192$514,478$327,545$1,450,685
76$1,611,876$460,884$259,713$1,507,617
77$1,695,001$402,181$187,127$1,568,458
78$1,784,044$338,041$109,549$1,633,581
79$1,879,529$268,117$26,731$1,703,399
80$1,982,028$192,042$0$1,778,368
81$2,092,173$109,430$0$1,868,200
82$2,210,653$19,871$0$1,969,101
83$2,338,229$0$0$2,077,729
84$2,475,732$0$0$2,199,043
85$2,624,080$0$0$2,331,120
86$2,784,278$0$0$2,473,763
87$2,957,431$0$0$2,627,960
88$3,144,754$0$0$2,794,793
89$3,347,583$0$0$2,975,455
90$3,567,385$0$0$3,171,256
91$3,805,775$0$0$3,383,636
92$4,064,527$0$0$3,614,180
93$4,345,596$0$0$3,864,629
94$4,651,127$0$0$4,136,901
95$4,983,485$0$0$4,433,104
96$5,345,269$0$0$4,755,559
97$5,739,338$0$0$5,106,818
98$6,168,842$0$0$5,489,690
99$6,637,244$0$0$5,907,267
100$7,148,356$0$0$6,362,953