Can I retire at age 63 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,632$67,030$66,442$65,868$65,308$63,833
2 years$33,481$32,858$32,253$31,667$31,099$29,621
3 years$22,099$21,473$20,870$20,290$19,731$18,295
4 years$16,409$15,785$15,188$14,618$14,072$12,691
5 years$12,996$12,376$11,787$11,228$10,697$9,374
6 years$10,721$10,106$9,525$8,979$8,464$7,201
7 years$9,097$8,487$7,916$7,382$6,884$5,680
8 years$7,880$7,275$6,713$6,193$5,711$4,566
9 years$6,933$6,334$5,782$5,275$4,809$3,722
10 years$6,177$5,583$5,041$4,547$4,098$3,068
11 years$5,558$4,970$4,438$3,957$3,524$2,550
12 years$5,043$4,461$3,938$3,471$3,054$2,134
13 years$4,607$4,031$3,519$3,064$2,663$1,796
14 years$4,234$3,664$3,162$2,720$2,335$1,518
15 years$3,911$3,348$2,855$2,426$2,055$1,288
16 years$3,628$3,071$2,588$2,172$1,817$1,096
17 years$3,380$2,829$2,355$1,952$1,611$935
18 years$3,159$2,614$2,150$1,759$1,432$799
19 years$2,961$2,422$1,968$1,589$1,277$684
20 years$2,784$2,251$1,806$1,439$1,140$587
21 years$2,623$2,097$1,661$1,306$1,020$504
22 years$2,477$1,957$1,531$1,188$915$434
23 years$2,345$1,831$1,414$1,082$821$373
24 years$2,223$1,715$1,308$987$738$322
25 years$2,112$1,610$1,211$901$664$277
26 years$2,009$1,513$1,123$824$598$239
27 years$1,914$1,424$1,043$754$539$206
28 years$1,825$1,341$970$691$487$178
29 years$1,743$1,266$902$634$439$154
30 years$1,667$1,195$840$581$397$133
31 years$1,596$1,130$783$534$359$115
32 years$1,529$1,069$731$491$325$99
33 years$1,467$1,012$683$451$294$86
34 years$1,408$960$638$415$266$74
35 years$1,353$910$596$382$241$64
36 years$1,301$864$558$352$218$56
37 years$1,252$820$522$324$198$48
38 years$1,205$780$489$299$179$42
39 years$1,161$741$458$276$163$36
40 years$1,120$705$429$254$148$31
41 years$1,080$671$403$235$134$27
42 years$1,043$639$378$216$121$23
43 years$1,007$609$354$200$110$20
44 years$973$581$333$185$100$17
45 years$941$554$312$170$91$15
46 years$910$528$293$157$82$13
47 years$880$504$276$145$75$11
48 years$852$481$259$134$68$10
49 years$825$460$243$124$62$8
50 years$800$439$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $819,000, adding $3,436 every year, while hoping to spend $45,859 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: 43/47/10 Blend
62$819,000$819,000$819,000$819,000
63$906,082$862,675$849,981$942,277
64$949,709$856,153$829,661$961,311
65$996,249$847,774$807,125$977,012
66$1,045,950$837,398$782,247$992,988
67$1,099,086$824,880$754,901$1,009,284
68$1,155,954$810,060$724,952$1,025,948
69$1,216,883$792,775$692,260$1,043,041
70$1,282,232$772,848$656,677$1,060,632
71$1,352,395$750,093$618,051$1,078,798
72$1,427,806$724,314$576,222$1,097,633
73$1,508,938$695,301$531,022$1,117,241
74$1,596,314$662,835$482,275$1,137,743
75$1,690,506$626,682$429,800$1,159,277
76$1,792,144$586,596$373,404$1,181,999
77$1,901,919$542,316$312,890$1,206,088
78$2,020,591$493,565$248,048$1,231,746
79$2,148,995$440,054$178,661$1,259,204
80$2,288,048$381,472$104,502$1,288,721
81$2,438,761$317,496$25,334$1,320,591
82$2,602,242$247,781$0$1,355,144
83$2,779,712$171,963$0$1,399,065
84$2,972,513$89,660$0$1,449,756
85$3,182,122$466$0$1,505,012
86$3,410,163$0$0$1,565,390
87$3,658,424$0$0$1,681,190
88$3,928,870$0$0$1,807,693
89$4,223,667$0$0$1,945,683
90$4,545,195$0$0$2,096,287
91$4,896,077$0$0$2,260,744
92$5,279,197$0$0$2,440,421
93$5,697,734$0$0$2,636,822
94$6,155,183$0$0$2,851,601
95$6,655,394$0$0$3,086,580
96$7,202,607$0$0$3,343,768
97$7,801,489$0$0$3,625,372
98$8,457,180$0$0$3,933,828
99$9,175,340$0$0$4,271,814
100$9,962,201$0$0$4,642,281