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%12.2%
1 years$67,550$66,948$66,361$65,788$65,228$64,628
2 years$33,440$32,818$32,214$31,629$31,061$30,456
3 years$22,072$21,447$20,845$20,265$19,706$19,116
4 years$16,389$15,766$15,170$14,600$14,055$13,483
5 years$12,980$12,360$11,772$11,214$10,684$10,133
6 years$10,708$10,093$9,514$8,968$8,454$7,924
7 years$9,086$8,476$7,906$7,373$6,875$6,366
8 years$7,870$7,266$6,705$6,185$5,704$5,216
9 years$6,925$6,326$5,775$5,268$4,803$4,337
10 years$6,169$5,576$5,035$4,541$4,093$3,647
11 years$5,551$4,964$4,432$3,952$3,520$3,095
12 years$5,036$4,456$3,934$3,467$3,050$2,646
13 years$4,601$4,027$3,514$3,061$2,660$2,275
14 years$4,229$3,660$3,158$2,717$2,332$1,966
15 years$3,906$3,343$2,851$2,423$2,053$1,706
16 years$3,624$3,068$2,585$2,169$1,814$1,485
17 years$3,375$2,825$2,352$1,949$1,609$1,297
18 years$3,155$2,611$2,147$1,757$1,430$1,136
19 years$2,957$2,419$1,966$1,587$1,275$997
20 years$2,780$2,248$1,804$1,438$1,139$876
21 years$2,620$2,094$1,659$1,305$1,019$772
22 years$2,474$1,955$1,529$1,186$914$681
23 years$2,342$1,828$1,412$1,080$820$601
24 years$2,220$1,713$1,306$985$737$531
25 years$2,109$1,608$1,210$900$663$470
26 years$2,006$1,511$1,122$823$597$416
27 years$1,911$1,422$1,042$753$539$369
28 years$1,823$1,340$968$690$486$327
29 years$1,741$1,264$901$633$439$290
30 years$1,665$1,194$839$581$397$258
31 years$1,594$1,128$783$533$359$229
32 years$1,527$1,068$730$490$324$203
33 years$1,465$1,011$682$451$293$181
34 years$1,406$958$637$415$266$161
35 years$1,351$909$596$382$241$143
36 years$1,299$863$557$352$218$127
37 years$1,250$819$521$324$198$113
38 years$1,204$779$488$299$179$101
39 years$1,160$741$457$275$162$90
40 years$1,118$705$429$254$147$80
41 years$1,079$671$402$234$134$71
42 years$1,041$639$377$216$121$63
43 years$1,006$609$354$200$110$56
44 years$972$580$332$184$100$50
45 years$940$553$312$170$91$45
46 years$909$528$293$157$82$40
47 years$879$504$275$145$75$35
48 years$851$481$259$134$68$32
49 years$824$459$243$124$62$28
50 years$799$439$229$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $818,000, adding $3,184 every year, while hoping to spend $45,528 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: 75/12/13 Blend
62$818,000$818,000$818,000$818,000
63$904,720$861,366$848,687$969,921
64$948,560$855,132$828,677$1,007,168
65$995,346$847,066$806,470$1,041,969
66$1,045,330$837,031$781,946$1,078,860
67$1,098,789$824,880$754,976$1,118,031
68$1,156,026$810,460$725,428$1,159,697
69$1,217,373$793,606$693,163$1,204,094
70$1,283,197$774,143$658,035$1,251,482
71$1,353,896$751,890$619,892$1,302,149
72$1,429,911$726,649$578,576$1,356,411
73$1,511,723$698,217$533,920$1,414,620
74$1,599,863$666,374$485,751$1,477,163
75$1,694,913$630,890$433,887$1,544,467
76$1,797,512$591,521$378,140$1,617,005
77$1,908,361$548,009$318,311$1,695,299
78$2,028,234$500,081$254,194$1,779,924
79$2,157,978$447,450$185,574$1,871,517
80$2,298,526$389,809$112,225$1,970,780
81$2,450,904$326,838$33,913$2,078,490
82$2,616,239$258,196$0$2,195,501
83$2,795,772$183,524$0$2,329,649
84$2,990,866$102,442$0$2,480,557
85$3,203,023$14,550$0$2,644,705
86$3,433,893$0$0$2,823,406
87$3,685,292$0$0$3,028,742
88$3,959,221$0$0$3,254,604
89$4,257,878$0$0$3,500,886
90$4,583,684$0$0$3,769,591
91$4,939,306$0$0$4,062,919
92$5,327,675$0$0$4,383,295
93$5,752,022$0$0$4,733,386
94$6,215,901$0$0$5,116,131
95$6,723,227$0$0$5,534,765
96$7,278,309$0$0$5,992,848
97$7,885,892$0$0$6,494,302
98$8,551,203$0$0$7,043,445
99$9,279,996$0$0$7,645,032
100$10,078,608$0$0$8,304,300