Can I retire at age 63 with 816,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$67,385$66,784$66,199$65,627$65,069$64,578
2 years$33,359$32,737$32,135$31,551$30,985$30,490
3 years$22,018$21,394$20,794$20,215$19,658$19,174
4 years$16,349$15,727$15,132$14,564$14,020$13,552
5 years$12,949$12,330$11,743$11,187$10,658$10,206
6 years$10,682$10,069$9,490$8,946$8,433$7,998
7 years$9,064$8,456$7,887$7,355$6,859$6,440
8 years$7,851$7,248$6,688$6,170$5,690$5,289
9 years$6,908$6,311$5,761$5,255$4,792$4,408
10 years$6,154$5,563$5,022$4,530$4,083$3,716
11 years$5,538$4,952$4,422$3,943$3,511$3,161
12 years$5,024$4,445$3,924$3,458$3,043$2,709
13 years$4,590$4,017$3,506$3,053$2,653$2,335
14 years$4,218$3,651$3,150$2,710$2,326$2,023
15 years$3,897$3,335$2,844$2,417$2,048$1,760
16 years$3,615$3,060$2,579$2,164$1,810$1,537
17 years$3,367$2,818$2,346$1,944$1,605$1,346
18 years$3,147$2,604$2,142$1,752$1,427$1,182
19 years$2,950$2,413$1,961$1,583$1,272$1,040
20 years$2,773$2,243$1,800$1,434$1,136$917
21 years$2,613$2,089$1,655$1,302$1,017$810
22 years$2,468$1,950$1,526$1,183$911$717
23 years$2,336$1,824$1,409$1,078$818$635
24 years$2,215$1,709$1,303$983$735$563
25 years$2,104$1,604$1,207$898$662$499
26 years$2,001$1,507$1,119$821$596$444
27 years$1,907$1,418$1,039$751$537$394
28 years$1,819$1,337$966$688$485$351
29 years$1,737$1,261$899$631$438$312
30 years$1,661$1,191$837$579$396$278
31 years$1,590$1,126$781$532$358$248
32 years$1,524$1,065$728$489$324$221
33 years$1,461$1,009$680$450$293$197
34 years$1,403$956$635$414$265$176
35 years$1,348$907$594$381$240$157
36 years$1,296$861$556$351$218$140
37 years$1,247$817$520$323$197$125
38 years$1,201$777$487$298$179$112
39 years$1,157$739$456$275$162$100
40 years$1,116$703$428$253$147$89
41 years$1,076$669$401$234$133$79
42 years$1,039$637$376$216$121$71
43 years$1,003$607$353$199$110$63
44 years$970$579$331$184$100$57
45 years$937$552$311$170$91$51
46 years$907$526$292$157$82$45
47 years$877$502$275$145$75$41
48 years$849$480$258$134$68$36
49 years$822$458$243$124$62$32
50 years$797$437$228$114$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $816,000, adding $4,386 every year, while hoping to spend $37,258 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: 45/45/10 Blend
62$816,000$816,000$816,000$816,000
63$903,756$860,508$847,860$941,679
64$956,297$863,031$836,621$970,913
65$1,012,948$864,428$823,757$998,425
66$1,074,090$864,606$809,174$1,027,414
67$1,140,140$863,464$792,774$1,058,029
68$1,211,556$860,896$774,453$1,090,436
69$1,288,843$856,788$754,106$1,124,821
70$1,372,555$851,021$731,618$1,161,391
71$1,463,301$843,467$706,873$1,200,377
72$1,561,752$833,991$679,748$1,242,033
73$1,668,645$822,450$650,114$1,286,644
74$1,784,790$808,694$617,836$1,334,529
75$1,911,079$792,560$582,773$1,386,037
76$2,048,493$773,880$544,780$1,441,561
77$2,198,111$752,472$503,703$1,501,535
78$2,361,122$728,146$459,380$1,566,442
79$2,538,832$700,701$411,645$1,636,817
80$2,732,680$669,923$360,323$1,713,255
81$2,944,250$635,585$305,230$1,796,416
82$3,175,284$597,450$246,175$1,887,031
83$3,427,701$555,263$182,961$1,985,913
84$3,703,614$508,758$115,377$2,093,961
85$4,005,348$457,653$43,207$2,212,174
86$4,335,464$401,648$0$2,341,656
87$4,696,781$340,428$0$2,487,240
88$5,092,404$273,660$0$2,651,830
89$5,525,751$200,992$0$2,832,340
90$6,000,589$122,052$0$3,030,461
91$6,521,064$36,447$0$3,248,065
92$7,091,742$0$0$3,487,220
93$7,717,653$0$0$3,778,061
94$8,404,338$0$0$4,117,041
95$9,157,898$0$0$4,489,135
96$9,985,055$0$0$4,897,676
97$10,893,214$0$0$5,346,334
98$11,890,530$0$0$5,839,151
99$12,985,987$0$0$6,380,582
100$14,189,484$0$0$6,975,532