Can I retire at age 63 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$67,219$66,621$66,036$65,466$64,910$62,656
2 years$33,277$32,657$32,057$31,474$30,909$28,663
3 years$21,964$21,342$20,743$20,166$19,610$17,440
4 years$16,309$15,688$15,095$14,528$13,986$11,910
5 years$12,917$12,300$11,715$11,159$10,632$8,655
6 years$10,656$10,044$9,467$8,924$8,413$6,536
7 years$9,042$8,435$7,867$7,337$6,842$5,066
8 years$7,832$7,230$6,672$6,155$5,676$3,999
9 years$6,891$6,295$5,747$5,243$4,780$3,199
10 years$6,139$5,549$5,010$4,519$4,073$2,586
11 years$5,524$4,940$4,411$3,933$3,503$2,107
12 years$5,012$4,434$3,914$3,450$3,035$1,728
13 years$4,579$4,007$3,497$3,046$2,647$1,424
14 years$4,208$3,642$3,142$2,704$2,320$1,178
15 years$3,887$3,327$2,837$2,411$2,043$978
16 years$3,606$3,053$2,572$2,159$1,806$814
17 years$3,359$2,811$2,341$1,940$1,601$679
18 years$3,139$2,598$2,137$1,748$1,423$567
19 years$2,943$2,408$1,956$1,580$1,269$474
20 years$2,767$2,237$1,795$1,431$1,133$398
21 years$2,607$2,084$1,651$1,298$1,014$333
22 years$2,462$1,945$1,522$1,180$909$280
23 years$2,330$1,819$1,405$1,075$816$235
24 years$2,210$1,705$1,300$981$733$198
25 years$2,099$1,600$1,204$895$660$166
26 years$1,996$1,503$1,116$819$595$140
27 years$1,902$1,415$1,037$749$536$118
28 years$1,814$1,333$964$687$484$99
29 years$1,733$1,258$897$630$437$83
30 years$1,657$1,188$835$578$395$70
31 years$1,586$1,123$779$531$357$59
32 years$1,520$1,063$727$488$323$50
33 years$1,458$1,006$678$449$292$42
34 years$1,399$954$634$413$264$35
35 years$1,345$905$593$380$239$30
36 years$1,293$859$554$350$217$25
37 years$1,244$815$519$322$197$21
38 years$1,198$775$486$297$178$18
39 years$1,154$737$455$274$162$15
40 years$1,113$701$427$253$147$13
41 years$1,074$667$400$233$133$11
42 years$1,036$636$375$215$121$9
43 years$1,001$606$352$199$110$8
44 years$967$577$331$183$99$6
45 years$935$550$310$169$90$5
46 years$904$525$292$156$82$5
47 years$875$501$274$145$74$4
48 years$847$478$257$134$68$3
49 years$820$457$242$123$61$3
50 years$795$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $814,000, adding $6,629 every year, while hoping to spend $41,968 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: 70/7/23 Blend
62$814,000$814,000$814,000$814,000
63$903,866$860,724$848,107$961,480
64$951,406$858,246$831,865$998,360
65$1,002,390$854,239$813,672$1,033,186
66$1,057,122$848,586$793,419$1,070,297
67$1,115,941$841,159$770,991$1,109,917
68$1,179,216$831,824$746,267$1,152,292
69$1,247,352$820,440$719,124$1,197,695
70$1,320,795$806,855$689,428$1,246,429
71$1,400,036$790,910$657,043$1,298,826
72$1,485,611$772,437$621,826$1,355,255
73$1,578,113$751,255$583,626$1,416,124
74$1,678,190$727,176$542,287$1,481,882
75$1,786,557$700,000$497,645$1,553,027
76$1,903,998$669,513$449,529$1,630,109
77$2,031,379$635,491$397,761$1,713,735
78$2,169,646$597,697$342,153$1,804,575
79$2,319,846$555,880$282,511$1,903,370
80$2,483,126$509,774$218,631$2,010,940
81$2,660,751$459,099$150,301$2,128,186
82$2,854,110$403,557$77,299$2,256,109
83$3,064,734$342,836$0$2,395,809
84$3,294,305$276,604$0$2,548,654
85$3,544,678$204,511$0$2,736,092
86$3,817,891$126,187$0$2,940,678
87$4,116,188$41,243$0$3,164,116
88$4,442,041$0$0$3,408,280
89$4,798,171$0$0$3,679,144
90$5,187,571$0$0$3,978,829
91$5,613,540$0$0$4,306,701
92$6,079,707$0$0$4,665,560
93$6,590,073$0$0$5,058,490
94$7,149,037$0$0$5,488,885
95$7,761,450$0$0$5,960,484
96$8,432,649$0$0$6,477,407
97$9,168,517$0$0$7,044,187
98$9,975,528$0$0$7,665,821
99$10,860,817$0$0$8,347,810
100$11,832,241$0$0$9,096,215