Can I retire at age 63 with 819,000?

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 $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%12.8%
1 years$67,632$67,030$66,442$65,868$65,308$64,546
2 years$33,481$32,858$32,253$31,667$31,099$30,332
3 years$22,099$21,473$20,870$20,290$19,731$18,982
4 years$16,409$15,785$15,188$14,618$14,072$13,348
5 years$12,996$12,376$11,787$11,228$10,697$10,000
6 years$10,721$10,106$9,525$8,979$8,464$7,795
7 years$9,097$8,487$7,916$7,382$6,884$6,242
8 years$7,880$7,275$6,713$6,193$5,711$5,097
9 years$6,933$6,334$5,782$5,275$4,809$4,223
10 years$6,177$5,583$5,041$4,547$4,098$3,538
11 years$5,558$4,970$4,438$3,957$3,524$2,991
12 years$5,043$4,461$3,938$3,471$3,054$2,547
13 years$4,607$4,031$3,519$3,064$2,663$2,182
14 years$4,234$3,664$3,162$2,720$2,335$1,878
15 years$3,911$3,348$2,855$2,426$2,055$1,623
16 years$3,628$3,071$2,588$2,172$1,817$1,408
17 years$3,380$2,829$2,355$1,952$1,611$1,224
18 years$3,159$2,614$2,150$1,759$1,432$1,067
19 years$2,961$2,422$1,968$1,589$1,277$932
20 years$2,784$2,251$1,806$1,439$1,140$816
21 years$2,623$2,097$1,661$1,306$1,020$716
22 years$2,477$1,957$1,531$1,188$915$628
23 years$2,345$1,831$1,414$1,082$821$552
24 years$2,223$1,715$1,308$987$738$486
25 years$2,112$1,610$1,211$901$664$428
26 years$2,009$1,513$1,123$824$598$377
27 years$1,914$1,424$1,043$754$539$333
28 years$1,825$1,341$970$691$487$293
29 years$1,743$1,266$902$634$439$259
30 years$1,667$1,195$840$581$397$229
31 years$1,596$1,130$783$534$359$202
32 years$1,529$1,069$731$491$325$179
33 years$1,467$1,012$683$451$294$158
34 years$1,408$960$638$415$266$140
35 years$1,353$910$596$382$241$124
36 years$1,301$864$558$352$218$110
37 years$1,252$820$522$324$198$97
38 years$1,205$780$489$299$179$86
39 years$1,161$741$458$276$163$76
40 years$1,120$705$429$254$148$67
41 years$1,080$671$403$235$134$60
42 years$1,043$639$378$216$121$53
43 years$1,007$609$354$200$110$47
44 years$973$581$333$185$100$41
45 years$941$554$312$170$91$37
46 years$910$528$293$157$82$33
47 years$880$504$276$145$75$29
48 years$852$481$259$134$68$26
49 years$825$460$243$124$62$23
50 years$800$439$229$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $819,000, adding $2,935 every year, while hoping to spend $57,350 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: 38/42/20 Blend
62$819,000$819,000$819,000$819,000
63$905,565$862,158$849,464$934,449
64$936,913$843,384$816,901$936,803
65$969,536$821,768$781,325$933,714
66$1,003,504$797,110$742,575$929,196
67$1,038,892$769,198$700,481$923,152
68$1,075,779$737,810$654,868$915,481
69$1,114,253$702,707$605,550$906,076
70$1,154,407$663,640$552,336$894,828
71$1,196,341$620,343$495,024$881,619
72$1,240,165$572,536$433,404$866,329
73$1,285,995$519,923$367,257$848,830
74$1,333,958$462,192$296,352$828,992
75$1,384,193$399,010$220,451$806,676
76$1,436,848$330,029$139,303$781,740
77$1,492,086$254,880$52,649$754,034
78$1,550,081$173,171$0$723,405
79$1,611,024$84,491$0$698,190
80$1,675,122$0$0$682,268
81$1,742,602$0$0$669,642
82$1,813,708$0$0$697,525
83$1,888,707$0$0$726,979
84$1,967,892$0$0$758,125
85$2,051,579$0$0$791,092
86$2,140,116$0$0$826,025
87$2,233,881$0$0$863,080
88$2,333,287$0$0$902,427
89$2,438,786$0$0$944,254
90$2,550,872$0$0$988,765
91$2,670,087$0$0$1,036,185
92$2,797,020$0$0$1,086,759
93$2,932,320$0$0$1,140,755
94$3,076,696$0$0$1,198,467
95$3,230,924$0$0$1,260,219
96$3,395,857$0$0$1,326,364
97$3,572,427$0$0$1,397,291
98$3,761,658$0$0$1,473,424
99$3,964,673$0$0$1,555,232
100$4,182,705$0$0$1,643,227