Can I retire at age 63 with 817,000?

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 $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%17%
1 years$67,467$66,866$66,280$65,708$65,149$63,292
2 years$33,400$32,778$32,175$31,590$31,023$29,167
3 years$22,045$21,420$20,819$20,240$19,682$17,885
4 years$16,369$15,746$15,151$14,582$14,038$12,312
5 years$12,964$12,345$11,758$11,200$10,671$9,023
6 years$10,695$10,081$9,502$8,957$8,444$6,874
7 years$9,075$8,466$7,896$7,364$6,867$5,376
8 years$7,861$7,257$6,697$6,177$5,697$4,284
9 years$6,916$6,318$5,768$5,262$4,798$3,461
10 years$6,162$5,569$5,029$4,536$4,088$2,826
11 years$5,544$4,958$4,427$3,947$3,516$2,327
12 years$5,030$4,450$3,929$3,462$3,047$1,928
13 years$4,596$4,022$3,510$3,057$2,657$1,606
14 years$4,224$3,656$3,154$2,714$2,329$1,344
15 years$3,901$3,339$2,848$2,420$2,050$1,128
16 years$3,620$3,064$2,582$2,167$1,812$950
17 years$3,371$2,822$2,349$1,947$1,607$801
18 years$3,151$2,607$2,145$1,755$1,429$678
19 years$2,954$2,416$1,963$1,585$1,273$574
20 years$2,777$2,245$1,802$1,436$1,137$487
21 years$2,617$2,092$1,657$1,303$1,018$413
22 years$2,471$1,952$1,527$1,185$912$351
23 years$2,339$1,826$1,410$1,079$819$299
24 years$2,218$1,711$1,304$984$736$254
25 years$2,106$1,606$1,208$899$662$217
26 years$2,004$1,509$1,120$822$597$185
27 years$1,909$1,420$1,040$752$538$157
28 years$1,821$1,338$967$689$485$134
29 years$1,739$1,262$900$632$438$115
30 years$1,663$1,192$838$580$396$98
31 years$1,592$1,127$782$533$358$83
32 years$1,525$1,066$729$490$324$71
33 years$1,463$1,010$681$450$293$61
34 years$1,405$957$636$414$265$52
35 years$1,349$908$595$381$240$44
36 years$1,298$862$556$351$218$38
37 years$1,249$818$521$324$197$32
38 years$1,202$778$488$298$179$28
39 years$1,158$740$457$275$162$24
40 years$1,117$704$428$254$147$20
41 years$1,078$670$402$234$134$17
42 years$1,040$638$377$216$121$15
43 years$1,005$608$353$199$110$13
44 years$971$579$332$184$100$11
45 years$938$552$312$170$91$9
46 years$908$527$293$157$82$8
47 years$878$503$275$145$75$7
48 years$850$480$258$134$68$6
49 years$823$459$243$124$62$5
50 years$798$438$228$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $817,000, adding $2,003 every year, while hoping to spend $20,080 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: 77/5/18 Blend
62$817,000$817,000$817,000$817,000
63$902,400$859,099$846,436$968,065
64$973,080$879,830$853,426$1,032,466
65$1,050,296$900,904$859,978$1,100,370
66$1,134,694$922,316$866,055$1,174,299
67$1,226,985$944,061$871,620$1,254,850
68$1,327,950$966,133$876,632$1,342,677
69$1,438,453$988,525$881,051$1,438,506
70$1,559,440$1,011,228$884,831$1,543,131
71$1,691,958$1,034,233$887,928$1,657,431
72$1,837,156$1,057,529$890,292$1,782,372
73$1,996,302$1,081,104$891,873$1,919,019
74$2,170,791$1,104,945$892,617$2,068,546
75$2,362,161$1,129,035$892,468$2,232,247
76$2,572,103$1,153,360$891,368$2,411,545
77$2,802,483$1,177,901$889,254$2,608,010
78$3,055,355$1,202,636$886,063$2,823,373
79$3,332,981$1,227,545$881,726$3,059,540
80$3,637,852$1,252,602$876,171$3,318,610
81$3,972,716$1,277,782$869,325$3,602,898
82$4,340,595$1,303,056$861,110$3,914,955
83$4,744,822$1,328,392$851,443$4,257,591
84$5,189,067$1,353,756$840,240$4,633,902
85$5,677,373$1,379,111$827,409$5,047,301
86$6,214,196$1,404,418$812,858$5,501,550
87$6,804,443$1,429,634$796,488$6,000,791
88$7,453,522$1,454,712$778,196$6,549,592
89$8,167,390$1,479,602$757,875$7,152,987
90$8,952,612$1,504,250$735,411$7,816,520
91$9,816,418$1,528,599$710,688$8,546,303
92$10,766,779$1,552,586$683,582$9,349,073
93$11,812,472$1,576,144$653,963$10,232,251
94$12,963,171$1,599,203$621,699$11,204,016
95$14,229,536$1,621,685$586,647$12,273,384
96$15,623,309$1,643,508$548,660$13,450,288
97$17,157,432$1,664,585$507,585$14,745,675
98$18,846,163$1,684,822$463,262$16,171,609
99$20,705,212$1,704,119$415,522$17,741,386
100$22,751,891$1,722,369$364,190$19,469,657