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%19.6%
1 years$67,219$66,621$66,036$65,466$64,910$62,408
2 years$33,277$32,657$32,057$31,474$30,909$28,419
3 years$21,964$21,342$20,743$20,166$19,610$17,209
4 years$16,309$15,688$15,095$14,528$13,986$11,693
5 years$12,917$12,300$11,715$11,159$10,632$8,453
6 years$10,656$10,044$9,467$8,924$8,413$6,348
7 years$9,042$8,435$7,867$7,337$6,842$4,892
8 years$7,832$7,230$6,672$6,155$5,676$3,839
9 years$6,891$6,295$5,747$5,243$4,780$3,053
10 years$6,139$5,549$5,010$4,519$4,073$2,452
11 years$5,524$4,940$4,411$3,933$3,503$1,985
12 years$5,012$4,434$3,914$3,450$3,035$1,617
13 years$4,579$4,007$3,497$3,046$2,647$1,323
14 years$4,208$3,642$3,142$2,704$2,320$1,087
15 years$3,887$3,327$2,837$2,411$2,043$896
16 years$3,606$3,053$2,572$2,159$1,806$740
17 years$3,359$2,811$2,341$1,940$1,601$613
18 years$3,139$2,598$2,137$1,748$1,423$508
19 years$2,943$2,408$1,956$1,580$1,269$422
20 years$2,767$2,237$1,795$1,431$1,133$351
21 years$2,607$2,084$1,651$1,298$1,014$292
22 years$2,462$1,945$1,522$1,180$909$243
23 years$2,330$1,819$1,405$1,075$816$203
24 years$2,210$1,705$1,300$981$733$169
25 years$2,099$1,600$1,204$895$660$141
26 years$1,996$1,503$1,116$819$595$118
27 years$1,902$1,415$1,037$749$536$98
28 years$1,814$1,333$964$687$484$82
29 years$1,733$1,258$897$630$437$69
30 years$1,657$1,188$835$578$395$57
31 years$1,586$1,123$779$531$357$48
32 years$1,520$1,063$727$488$323$40
33 years$1,458$1,006$678$449$292$33
34 years$1,399$954$634$413$264$28
35 years$1,345$905$593$380$239$23
36 years$1,293$859$554$350$217$19
37 years$1,244$815$519$322$197$16
38 years$1,198$775$486$297$178$14
39 years$1,154$737$455$274$162$11
40 years$1,113$701$427$253$147$10
41 years$1,074$667$400$233$133$8
42 years$1,036$636$375$215$121$7
43 years$1,001$606$352$199$110$6
44 years$967$577$331$183$99$5
45 years$935$550$310$169$90$4
46 years$904$525$292$156$82$3
47 years$875$501$274$145$74$3
48 years$847$478$257$134$68$2
49 years$820$457$242$123$61$2
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 $6,467 every year, while hoping to spend $36,845 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: 31/43/26 Blend
62$814,000$814,000$814,000$814,000
63$903,699$860,557$847,940$924,333
64$956,673$863,521$837,143$943,683
65$1,013,816$865,396$824,750$960,795
66$1,075,514$866,089$810,667$978,479
67$1,142,191$865,502$794,799$996,809
68$1,214,314$863,531$777,044$1,015,871
69$1,292,395$860,065$757,297$1,035,762
70$1,376,999$854,988$735,445$1,056,590
71$1,468,744$848,174$711,375$1,078,482
72$1,568,314$839,492$684,963$1,101,578
73$1,676,457$828,802$656,084$1,126,037
74$1,793,998$815,956$624,605$1,152,039
75$1,921,844$800,796$590,388$1,179,784
76$2,060,994$783,157$553,288$1,209,501
77$2,212,545$762,861$513,153$1,241,445
78$2,377,706$739,723$469,825$1,275,902
79$2,557,808$713,545$423,140$1,313,192
80$2,754,313$684,118$372,924$1,353,676
81$2,968,834$651,220$318,998$1,397,755
82$3,203,144$614,619$261,173$1,445,880
83$3,459,195$574,065$199,252$1,498,554
84$3,739,137$529,299$133,032$1,556,338
85$4,045,337$480,043$62,296$1,619,857
86$4,380,401$426,004$0$1,689,812
87$4,747,198$366,875$0$1,770,639
88$5,148,889$302,328$0$1,878,227
89$5,588,952$232,019$0$1,996,308
90$6,071,221$155,584$0$2,126,027
91$6,599,915$72,637$0$2,268,651
92$7,179,683$0$0$2,425,585
93$7,815,644$0$0$2,606,535
94$8,513,438$0$0$2,842,917
95$9,279,276$0$0$3,102,481
96$10,120,000$0$0$3,387,562
97$11,043,146$0$0$3,700,734
98$12,057,016$0$0$4,044,830
99$13,170,756$0$0$4,422,972
100$14,394,441$0$0$4,838,600