Can I retire at age 63 with 818,000?

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 $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%18.7%
1 years$67,550$66,948$66,361$65,788$65,228$62,939
2 years$33,440$32,818$32,214$31,629$31,061$28,779
3 years$22,072$21,447$20,845$20,265$19,706$17,503
4 years$16,389$15,766$15,170$14,600$14,055$11,947
5 years$12,980$12,360$11,772$11,214$10,684$8,677
6 years$10,708$10,093$9,514$8,968$8,454$6,549
7 years$9,086$8,476$7,906$7,373$6,875$5,073
8 years$7,870$7,266$6,705$6,185$5,704$4,002
9 years$6,925$6,326$5,775$5,268$4,803$3,200
10 years$6,169$5,576$5,035$4,541$4,093$2,585
11 years$5,551$4,964$4,432$3,952$3,520$2,105
12 years$5,036$4,456$3,934$3,467$3,050$1,725
13 years$4,601$4,027$3,514$3,061$2,660$1,420
14 years$4,229$3,660$3,158$2,717$2,332$1,174
15 years$3,906$3,343$2,851$2,423$2,053$974
16 years$3,624$3,068$2,585$2,169$1,814$810
17 years$3,375$2,825$2,352$1,949$1,609$675
18 years$3,155$2,611$2,147$1,757$1,430$564
19 years$2,957$2,419$1,966$1,587$1,275$471
20 years$2,780$2,248$1,804$1,438$1,139$395
21 years$2,620$2,094$1,659$1,305$1,019$331
22 years$2,474$1,955$1,529$1,186$914$277
23 years$2,342$1,828$1,412$1,080$820$233
24 years$2,220$1,713$1,306$985$737$195
25 years$2,109$1,608$1,210$900$663$164
26 years$2,006$1,511$1,122$823$597$138
27 years$1,911$1,422$1,042$753$539$116
28 years$1,823$1,340$968$690$486$98
29 years$1,741$1,264$901$633$439$82
30 years$1,665$1,194$839$581$397$69
31 years$1,594$1,128$783$533$359$58
32 years$1,527$1,068$730$490$324$49
33 years$1,465$1,011$682$451$293$41
34 years$1,406$958$637$415$266$35
35 years$1,351$909$596$382$241$29
36 years$1,299$863$557$352$218$25
37 years$1,250$819$521$324$198$21
38 years$1,204$779$488$299$179$17
39 years$1,160$741$457$275$162$15
40 years$1,118$705$429$254$147$12
41 years$1,079$671$402$234$134$10
42 years$1,041$639$377$216$121$9
43 years$1,006$609$354$200$110$7
44 years$972$580$332$184$100$6
45 years$940$553$312$170$91$5
46 years$909$528$293$157$82$4
47 years$879$504$275$145$75$4
48 years$851$481$259$134$68$3
49 years$824$459$243$124$62$3
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $818,000, adding $5,278 every year, while hoping to spend $53,267 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: 69/13/18 Blend
62$818,000$818,000$818,000$818,000
63$906,880$863,526$850,847$965,165
64$942,706$849,163$822,675$990,349
65$980,401$832,311$791,774$1,011,113
66$1,020,100$812,792$757,996$1,032,506
67$1,061,948$790,417$721,186$1,054,585
68$1,106,105$764,986$681,185$1,077,414
69$1,152,746$736,288$637,822$1,101,065
70$1,202,059$704,099$590,922$1,125,620
71$1,254,251$668,182$540,300$1,151,169
72$1,309,549$628,287$485,764$1,177,814
73$1,368,199$584,149$427,114$1,205,670
74$1,430,471$535,489$364,138$1,234,865
75$1,496,661$482,010$296,618$1,265,542
76$1,567,091$423,399$224,326$1,297,862
77$1,642,115$359,325$147,021$1,332,004
78$1,722,119$289,441$64,455$1,368,169
79$1,807,527$213,376$0$1,406,580
80$1,898,805$130,741$0$1,452,031
81$1,996,460$41,125$0$1,513,762
82$2,101,052$0$0$1,579,747
83$2,213,192$0$0$1,658,386
84$2,333,552$0$0$1,749,134
85$2,462,869$0$0$1,846,668
86$2,601,952$0$0$1,951,604
87$2,751,690$0$0$2,064,615
88$2,913,057$0$0$2,186,443
89$3,087,126$0$0$2,317,901
90$3,275,073$0$0$2,459,883
91$3,478,193$0$0$2,613,373
92$3,697,906$0$0$2,779,450
93$3,935,775$0$0$2,959,302
94$4,193,519$0$0$3,154,233
95$4,473,025$0$0$3,365,679
96$4,776,372$0$0$3,595,220
97$5,105,844$0$0$3,844,589
98$5,463,954$0$0$4,115,698
99$5,853,467$0$0$4,410,648
100$6,277,423$0$0$4,731,750