Can I retire at age 63 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$67,550$66,948$66,361$65,788$65,228$64,043
2 years$33,440$32,818$32,214$31,629$31,061$29,871
3 years$22,072$21,447$20,845$20,265$19,706$18,548
4 years$16,389$15,766$15,170$14,600$14,055$12,938
5 years$12,980$12,360$11,772$11,214$10,684$9,612
6 years$10,708$10,093$9,514$8,968$8,454$7,428
7 years$9,086$8,476$7,906$7,373$6,875$5,895
8 years$7,870$7,266$6,705$6,185$5,704$4,769
9 years$6,925$6,326$5,775$5,268$4,803$3,914
10 years$6,169$5,576$5,035$4,541$4,093$3,248
11 years$5,551$4,964$4,432$3,952$3,520$2,719
12 years$5,036$4,456$3,934$3,467$3,050$2,291
13 years$4,601$4,027$3,514$3,061$2,660$1,942
14 years$4,229$3,660$3,158$2,717$2,332$1,654
15 years$3,906$3,343$2,851$2,423$2,053$1,414
16 years$3,624$3,068$2,585$2,169$1,814$1,212
17 years$3,375$2,825$2,352$1,949$1,609$1,043
18 years$3,155$2,611$2,147$1,757$1,430$899
19 years$2,957$2,419$1,966$1,587$1,275$776
20 years$2,780$2,248$1,804$1,438$1,139$671
21 years$2,620$2,094$1,659$1,305$1,019$581
22 years$2,474$1,955$1,529$1,186$914$504
23 years$2,342$1,828$1,412$1,080$820$438
24 years$2,220$1,713$1,306$985$737$380
25 years$2,109$1,608$1,210$900$663$331
26 years$2,006$1,511$1,122$823$597$288
27 years$1,911$1,422$1,042$753$539$251
28 years$1,823$1,340$968$690$486$218
29 years$1,741$1,264$901$633$439$190
30 years$1,665$1,194$839$581$397$166
31 years$1,594$1,128$783$533$359$145
32 years$1,527$1,068$730$490$324$126
33 years$1,465$1,011$682$451$293$110
34 years$1,406$958$637$415$266$96
35 years$1,351$909$596$382$241$84
36 years$1,299$863$557$352$218$73
37 years$1,250$819$521$324$198$64
38 years$1,204$779$488$299$179$56
39 years$1,160$741$457$275$162$49
40 years$1,118$705$429$254$147$43
41 years$1,079$671$402$234$134$37
42 years$1,041$639$377$216$121$33
43 years$1,006$609$354$200$110$28
44 years$972$580$332$184$100$25
45 years$940$553$312$170$91$22
46 years$909$528$293$157$82$19
47 years$879$504$275$145$75$17
48 years$851$481$259$134$68$14
49 years$824$459$243$124$62$13
50 years$799$439$229$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $818,000, adding $6,008 every year, while hoping to spend $39,781 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: 64/15/21 Blend
62$818,000$818,000$818,000$818,000
63$907,633$864,279$851,600$960,463
64$957,885$864,302$837,802$996,780
65$1,011,929$862,993$822,209$1,031,412
66$1,070,111$860,245$804,717$1,068,327
67$1,132,809$855,943$785,221$1,107,751
68$1,200,438$849,967$763,609$1,149,934
69$1,273,456$842,188$739,764$1,195,154
70$1,352,365$832,472$713,562$1,243,715
71$1,437,717$820,674$684,877$1,295,958
72$1,530,118$806,641$653,574$1,352,256
73$1,630,235$790,211$619,514$1,413,026
74$1,738,802$771,214$582,551$1,478,725
75$1,856,624$749,469$542,531$1,549,860
76$1,984,589$724,782$499,295$1,626,992
77$2,123,671$696,951$452,676$1,710,741
78$2,274,945$665,761$402,500$1,801,793
79$2,439,591$630,984$348,585$1,900,904
80$2,618,907$592,380$290,740$2,008,913
81$2,814,324$549,695$228,768$2,126,744
82$3,027,414$502,659$162,461$2,255,421
83$3,259,909$450,989$91,603$2,396,071
84$3,513,716$394,383$15,967$2,549,945
85$3,790,931$332,524$0$2,718,420
86$4,093,865$265,077$0$2,917,528
87$4,425,061$191,687$0$3,139,203
88$4,787,318$111,980$0$3,381,780
89$5,183,718$25,561$0$3,647,369
90$5,617,656$0$0$3,938,299
91$6,092,869$0$0$4,268,359
92$6,613,474$0$0$4,634,623
93$7,184,003$0$0$5,036,070
94$7,809,449$0$0$5,476,218
95$8,495,309$0$0$5,958,945
96$9,247,640$0$0$6,488,522
97$10,073,112$0$0$7,069,650
98$10,979,072$0$0$7,707,512
99$11,973,613$0$0$8,407,814
100$13,065,649$0$0$9,176,841