Can I retire at age 63 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$67,302$66,702$66,118$65,547$64,989$62,634
2 years$33,318$32,697$32,096$31,513$30,947$28,600
3 years$21,991$21,368$20,768$20,191$19,634$17,369
4 years$16,329$15,708$15,114$14,546$14,003$11,837
5 years$12,933$12,315$11,729$11,173$10,645$8,584
6 years$10,669$10,056$9,479$8,935$8,423$6,468
7 years$9,053$8,445$7,877$7,346$6,850$5,002
8 years$7,841$7,239$6,680$6,162$5,683$3,939
9 years$6,899$6,303$5,754$5,249$4,786$3,144
10 years$6,146$5,556$5,016$4,525$4,078$2,535
11 years$5,531$4,946$4,416$3,938$3,507$2,060
12 years$5,018$4,439$3,919$3,454$3,039$1,685
13 years$4,584$4,012$3,502$3,049$2,650$1,384
14 years$4,213$3,647$3,146$2,707$2,323$1,142
15 years$3,892$3,331$2,841$2,414$2,045$945
16 years$3,611$3,056$2,575$2,162$1,808$784
17 years$3,363$2,815$2,344$1,942$1,603$652
18 years$3,143$2,601$2,139$1,750$1,425$543
19 years$2,947$2,411$1,958$1,581$1,270$453
20 years$2,770$2,240$1,797$1,432$1,135$379
21 years$2,610$2,086$1,653$1,300$1,015$317
22 years$2,465$1,948$1,524$1,182$910$265
23 years$2,333$1,822$1,407$1,076$817$222
24 years$2,212$1,707$1,301$982$734$186
25 years$2,101$1,602$1,205$897$661$156
26 years$1,999$1,505$1,118$820$595$131
27 years$1,904$1,417$1,038$750$537$110
28 years$1,816$1,335$965$688$484$92
29 years$1,735$1,259$898$630$437$77
30 years$1,659$1,189$836$579$395$65
31 years$1,588$1,124$780$531$357$54
32 years$1,522$1,064$727$488$323$46
33 years$1,460$1,007$679$449$292$38
34 years$1,401$955$635$413$265$32
35 years$1,346$906$593$380$240$27
36 years$1,294$860$555$350$217$23
37 years$1,246$816$520$323$197$19
38 years$1,199$776$487$298$179$16
39 years$1,156$738$456$274$162$13
40 years$1,114$702$427$253$147$11
41 years$1,075$668$401$233$133$10
42 years$1,038$636$376$215$121$8
43 years$1,002$606$353$199$110$7
44 years$968$578$331$184$100$6
45 years$936$551$311$170$90$5
46 years$905$526$292$157$82$4
47 years$876$502$274$145$75$3
48 years$848$479$258$134$68$3
49 years$821$457$242$124$61$2
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $815,000, adding $2,582 every year, while hoping to spend $59,538 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: 38/50/12 Blend
62$815,000$815,000$815,000$815,000
63$900,793$857,598$844,966$931,640
64$929,326$836,273$809,924$932,499
65$958,774$811,907$771,713$927,445
66$989,167$784,288$730,164$920,673
67$1,020,538$753,194$685,099$912,054
68$1,052,917$718,385$636,335$901,456
69$1,086,341$679,612$583,679$888,737
70$1,120,844$636,609$526,928$873,749
71$1,156,462$589,095$465,872$856,333
72$1,193,234$536,774$400,292$836,323
73$1,231,200$479,331$329,957$813,542
74$1,270,400$416,436$254,628$787,804
75$1,310,877$347,738$174,055$758,913
76$1,352,676$272,867$87,976$726,660
77$1,395,844$191,432$0$690,827
78$1,440,428$103,021$0$651,679
79$1,486,480$7,196$0$620,529
80$1,534,051$0$0$585,881
81$1,583,197$0$0$600,597
82$1,633,975$0$0$619,896
83$1,686,446$0$0$639,841
84$1,740,671$0$0$660,458
85$1,796,716$0$0$681,770
86$1,854,651$0$0$703,807
87$1,914,547$0$0$726,594
88$1,976,481$0$0$750,162
89$2,040,531$0$0$774,543
90$2,106,781$0$0$799,767
91$2,175,320$0$0$825,871
92$2,246,239$0$0$852,889
93$2,319,637$0$0$880,861
94$2,395,616$0$0$909,827
95$2,474,285$0$0$939,830
96$2,555,760$0$0$970,915
97$2,640,162$0$0$1,003,130
98$2,727,620$0$0$1,036,526
99$2,818,270$0$0$1,071,157
100$2,912,258$0$0$1,107,082