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%17.1%
1 years$67,385$66,784$66,199$65,627$65,069$63,189
2 years$33,359$32,737$32,135$31,551$30,985$29,106
3 years$22,018$21,394$20,794$20,215$19,658$17,839
4 years$16,349$15,727$15,132$14,564$14,020$12,274
5 years$12,949$12,330$11,743$11,187$10,658$8,991
6 years$10,682$10,069$9,490$8,946$8,433$6,846
7 years$9,064$8,456$7,887$7,355$6,859$5,351
8 years$7,851$7,248$6,688$6,170$5,690$4,262
9 years$6,908$6,311$5,761$5,255$4,792$3,441
10 years$6,154$5,563$5,022$4,530$4,083$2,808
11 years$5,538$4,952$4,422$3,943$3,511$2,310
12 years$5,024$4,445$3,924$3,458$3,043$1,913
13 years$4,590$4,017$3,506$3,053$2,653$1,593
14 years$4,218$3,651$3,150$2,710$2,326$1,331
15 years$3,897$3,335$2,844$2,417$2,048$1,117
16 years$3,615$3,060$2,579$2,164$1,810$940
17 years$3,367$2,818$2,346$1,944$1,605$792
18 years$3,147$2,604$2,142$1,752$1,427$669
19 years$2,950$2,413$1,961$1,583$1,272$567
20 years$2,773$2,243$1,800$1,434$1,136$480
21 years$2,613$2,089$1,655$1,302$1,017$407
22 years$2,468$1,950$1,526$1,183$911$346
23 years$2,336$1,824$1,409$1,078$818$294
24 years$2,215$1,709$1,303$983$735$250
25 years$2,104$1,604$1,207$898$662$213
26 years$2,001$1,507$1,119$821$596$181
27 years$1,907$1,418$1,039$751$537$154
28 years$1,819$1,337$966$688$485$132
29 years$1,737$1,261$899$631$438$112
30 years$1,661$1,191$837$579$396$96
31 years$1,590$1,126$781$532$358$82
32 years$1,524$1,065$728$489$324$70
33 years$1,461$1,009$680$450$293$59
34 years$1,403$956$635$414$265$51
35 years$1,348$907$594$381$240$43
36 years$1,296$861$556$351$218$37
37 years$1,247$817$520$323$197$31
38 years$1,201$777$487$298$179$27
39 years$1,157$739$456$275$162$23
40 years$1,116$703$428$253$147$20
41 years$1,076$669$401$234$133$17
42 years$1,039$637$376$216$121$14
43 years$1,003$607$353$199$110$12
44 years$970$579$331$184$100$10
45 years$937$552$311$170$91$9
46 years$907$526$292$157$82$8
47 years$877$502$275$145$75$6
48 years$849$480$258$134$68$6
49 years$822$458$243$124$62$5
50 years$797$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $816,000, adding $2,062 every year, while hoping to spend $40,598 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: 31/45/24 Blend
62$816,000$816,000$816,000$816,000
63$901,359$858,111$845,463$922,571
64$950,102$856,962$830,590$937,788
65$1,002,455$854,397$813,858$950,396
66$1,058,746$850,302$795,162$963,142
67$1,119,330$844,559$774,392$976,065
68$1,184,600$837,041$751,433$989,212
69$1,254,988$827,615$726,164$1,002,635
70$1,330,966$816,137$698,460$1,016,399
71$1,413,055$802,458$668,189$1,030,578
72$1,501,826$786,419$635,214$1,045,258
73$1,597,909$767,849$599,389$1,060,537
74$1,701,993$746,571$560,566$1,076,531
75$1,814,838$722,395$518,587$1,093,371
76$1,937,279$695,120$473,287$1,111,207
77$2,070,235$664,535$424,496$1,130,209
78$2,214,717$630,415$372,034$1,150,573
79$2,371,835$592,522$315,715$1,172,521
80$2,542,812$550,606$255,341$1,196,302
81$2,728,995$504,401$190,711$1,222,202
82$2,931,862$453,626$121,609$1,250,540
83$3,153,044$397,986$47,815$1,281,678
84$3,394,334$337,167$0$1,316,023
85$3,657,705$270,837$0$1,361,956
86$3,945,330$198,647$0$1,425,651
87$4,259,601$120,229$0$1,495,493
88$4,603,151$35,190$0$1,572,197
89$4,978,879$0$0$1,656,558
90$5,389,976$0$0$1,777,627
91$5,839,958$0$0$1,929,343
92$6,332,694$0$0$2,095,602
93$6,872,447$0$0$2,277,857
94$7,463,910$0$0$2,477,711
95$8,112,252$0$0$2,696,926
96$8,823,166$0$0$2,937,445
97$9,602,922$0$0$3,201,409
98$10,458,428$0$0$3,491,174
99$11,397,288$0$0$3,809,336
100$12,427,884$0$0$4,158,755