Can I retire at age 63 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$67,467$66,866$66,280$65,708$65,149$64,255
2 years$33,400$32,778$32,175$31,590$31,023$30,124
3 years$22,045$21,420$20,819$20,240$19,682$18,806
4 years$16,369$15,746$15,151$14,582$14,038$13,191
5 years$12,964$12,345$11,758$11,200$10,671$9,857
6 years$10,695$10,081$9,502$8,957$8,444$7,662
7 years$9,075$8,466$7,896$7,364$6,867$6,119
8 years$7,861$7,257$6,697$6,177$5,697$4,982
9 years$6,916$6,318$5,768$5,262$4,798$4,115
10 years$6,162$5,569$5,029$4,536$4,088$3,438
11 years$5,544$4,958$4,427$3,947$3,516$2,898
12 years$5,030$4,450$3,929$3,462$3,047$2,459
13 years$4,596$4,022$3,510$3,057$2,657$2,100
14 years$4,224$3,656$3,154$2,714$2,329$1,801
15 years$3,901$3,339$2,848$2,420$2,050$1,552
16 years$3,620$3,064$2,582$2,167$1,812$1,341
17 years$3,371$2,822$2,349$1,947$1,607$1,162
18 years$3,151$2,607$2,145$1,755$1,429$1,010
19 years$2,954$2,416$1,963$1,585$1,273$879
20 years$2,777$2,245$1,802$1,436$1,137$766
21 years$2,617$2,092$1,657$1,303$1,018$669
22 years$2,471$1,952$1,527$1,185$912$585
23 years$2,339$1,826$1,410$1,079$819$513
24 years$2,218$1,711$1,304$984$736$449
25 years$2,106$1,606$1,208$899$662$394
26 years$2,004$1,509$1,120$822$597$346
27 years$1,909$1,420$1,040$752$538$304
28 years$1,821$1,338$967$689$485$267
29 years$1,739$1,262$900$632$438$235
30 years$1,663$1,192$838$580$396$207
31 years$1,592$1,127$782$533$358$182
32 years$1,525$1,066$729$490$324$160
33 years$1,463$1,010$681$450$293$141
34 years$1,405$957$636$414$265$124
35 years$1,349$908$595$381$240$109
36 years$1,298$862$556$351$218$96
37 years$1,249$818$521$324$197$85
38 years$1,202$778$488$298$179$75
39 years$1,158$740$457$275$162$66
40 years$1,117$704$428$254$147$58
41 years$1,078$670$402$234$134$51
42 years$1,040$638$377$216$121$45
43 years$1,005$608$353$199$110$40
44 years$971$579$332$184$100$35
45 years$938$552$312$170$91$31
46 years$908$527$293$157$82$27
47 years$878$503$275$145$75$24
48 years$850$480$258$134$68$21
49 years$823$459$243$124$62$19
50 years$798$438$228$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $817,000, adding $3,675 every year, while hoping to spend $20,620 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: 61/14/25 Blend
62$817,000$817,000$817,000$817,000
63$904,125$860,824$848,160$953,041
64$974,406$881,065$854,634$1,006,924
65$1,051,165$901,606$860,634$1,063,143
66$1,135,040$922,441$866,121$1,124,059
67$1,226,735$943,562$871,058$1,190,132
68$1,327,025$964,959$875,401$1,261,872
69$1,436,762$986,623$879,107$1,339,839
70$1,556,885$1,008,541$882,131$1,424,651
71$1,688,428$1,030,700$884,423$1,516,988
72$1,832,530$1,053,087$885,933$1,617,601
73$1,990,445$1,075,684$886,609$1,727,316
74$2,163,553$1,098,476$886,393$1,847,045
75$2,353,376$1,121,442$885,227$1,977,792
76$2,561,589$1,144,561$883,051$2,120,665
77$2,790,036$1,167,810$879,799$2,276,884
78$3,040,752$1,191,164$875,404$2,447,794
79$3,315,973$1,214,596$869,794$2,634,878
80$3,618,166$1,238,075$862,897$2,839,770
81$3,950,048$1,261,570$854,633$3,064,270
82$4,314,611$1,285,045$844,921$3,310,366
83$4,715,152$1,308,462$833,676$3,580,245
84$5,155,302$1,331,782$820,809$3,876,319
85$5,639,062$1,354,958$806,226$4,201,248
86$6,170,841$1,377,945$789,828$4,557,961
87$6,755,493$1,400,691$771,514$4,949,691
88$7,398,370$1,423,141$751,176$5,379,997
89$8,105,365$1,445,237$728,702$5,852,804
90$8,882,973$1,466,914$703,974$6,372,439
91$9,738,349$1,488,106$676,870$6,943,669
92$10,679,377$1,508,740$647,262$7,571,751
93$11,714,743$1,528,737$615,015$8,262,477
94$12,854,018$1,548,016$579,988$9,022,233
95$14,107,746$1,566,487$542,036$9,858,056
96$15,487,547$1,584,056$501,005$10,777,705
97$17,006,223$1,600,621$456,735$11,789,728
98$18,677,881$1,616,075$409,059$12,903,550
99$20,518,064$1,630,302$357,802$14,129,558
100$22,543,900$1,643,179$302,781$15,479,199