Can I retire at age 63 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,385$66,784$66,199$65,627$65,069$63,781
2 years$33,359$32,737$32,135$31,551$30,985$29,693
3 years$22,018$21,394$20,794$20,215$19,658$18,402
4 years$16,349$15,727$15,132$14,564$14,020$12,810
5 years$12,949$12,330$11,743$11,187$10,658$9,497
6 years$10,682$10,069$9,490$8,946$8,433$7,323
7 years$9,064$8,456$7,887$7,355$6,859$5,799
8 years$7,851$7,248$6,688$6,170$5,690$4,681
9 years$6,908$6,311$5,761$5,255$4,792$3,832
10 years$6,154$5,563$5,022$4,530$4,083$3,172
11 years$5,538$4,952$4,422$3,943$3,511$2,648
12 years$5,024$4,445$3,924$3,458$3,043$2,227
13 years$4,590$4,017$3,506$3,053$2,653$1,882
14 years$4,218$3,651$3,150$2,710$2,326$1,598
15 years$3,897$3,335$2,844$2,417$2,048$1,363
16 years$3,615$3,060$2,579$2,164$1,810$1,165
17 years$3,367$2,818$2,346$1,944$1,605$999
18 years$3,147$2,604$2,142$1,752$1,427$859
19 years$2,950$2,413$1,961$1,583$1,272$739
20 years$2,773$2,243$1,800$1,434$1,136$638
21 years$2,613$2,089$1,655$1,302$1,017$551
22 years$2,468$1,950$1,526$1,183$911$476
23 years$2,336$1,824$1,409$1,078$818$412
24 years$2,215$1,709$1,303$983$735$357
25 years$2,104$1,604$1,207$898$662$309
26 years$2,001$1,507$1,119$821$596$268
27 years$1,907$1,418$1,039$751$537$233
28 years$1,819$1,337$966$688$485$202
29 years$1,737$1,261$899$631$438$176
30 years$1,661$1,191$837$579$396$153
31 years$1,590$1,126$781$532$358$133
32 years$1,524$1,065$728$489$324$115
33 years$1,461$1,009$680$450$293$100
34 years$1,403$956$635$414$265$87
35 years$1,348$907$594$381$240$76
36 years$1,296$861$556$351$218$66
37 years$1,247$817$520$323$197$58
38 years$1,201$777$487$298$179$50
39 years$1,157$739$456$275$162$44
40 years$1,116$703$428$253$147$38
41 years$1,076$669$401$234$133$33
42 years$1,039$637$376$216$121$29
43 years$1,003$607$353$199$110$25
44 years$970$579$331$184$100$22
45 years$937$552$311$170$91$19
46 years$907$526$292$157$82$17
47 years$877$502$275$145$75$14
48 years$849$480$258$134$68$13
49 years$822$458$243$124$62$11
50 years$797$437$228$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $816,000, adding $3,813 every year, while hoping to spend $39,853 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: 52/33/15 Blend
62$816,000$816,000$816,000$816,000
63$903,165$859,917$847,269$946,283
64$952,885$859,650$833,249$975,948
65$1,006,340$858,034$817,424$1,003,667
66$1,063,870$854,960$799,691$1,032,923
67$1,125,847$850,316$779,943$1,063,874
68$1,192,679$843,977$758,067$1,096,695
69$1,264,816$835,816$733,946$1,131,581
70$1,342,752$825,695$707,458$1,168,747
71$1,427,028$813,470$678,473$1,208,434
72$1,518,240$798,986$646,858$1,250,911
73$1,617,045$782,080$612,471$1,296,474
74$1,724,162$762,580$575,167$1,345,454
75$1,840,383$740,303$534,792$1,398,218
76$1,966,580$715,056$491,186$1,455,173
77$2,103,711$686,634$444,180$1,516,773
78$2,252,831$654,820$393,602$1,583,519
79$2,415,099$619,385$339,266$1,655,968
80$2,591,791$580,087$280,984$1,734,739
81$2,784,312$536,670$218,555$1,820,516
82$2,994,207$488,862$151,772$1,914,060
83$3,223,178$436,377$80,418$2,016,212
84$3,473,095$378,913$4,265$2,127,905
85$3,746,020$316,149$0$2,250,173
86$4,044,222$247,748$0$2,396,486
87$4,370,197$173,353$0$2,557,316
88$4,726,697$92,586$0$2,733,425
89$5,116,747$5,050$0$2,926,410
90$5,543,682$0$0$3,138,036
91$6,011,173$0$0$3,402,816
92$6,523,263$0$0$3,694,946
93$7,084,402$0$0$4,015,142
94$7,699,494$0$0$4,366,213
95$8,373,939$0$0$4,751,251
96$9,113,684$0$0$5,173,662
97$9,925,279$0$0$5,637,200
98$10,815,940$0$0$6,145,998
99$11,793,614$0$0$6,704,607
100$12,867,056$0$0$7,318,044