Can I retire at age 63 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$67,715$67,112$66,523$65,949$65,388$63,447
2 years$33,522$32,898$32,293$31,706$31,137$29,198
3 years$22,126$21,499$20,896$20,314$19,755$17,878
4 years$16,429$15,804$15,207$14,635$14,089$12,289
5 years$13,012$12,391$11,801$11,241$10,710$8,992
6 years$10,735$10,118$9,537$8,990$8,475$6,839
7 years$9,108$8,497$7,925$7,391$6,892$5,340
8 years$7,889$7,283$6,721$6,200$5,718$4,248
9 years$6,942$6,342$5,789$5,281$4,815$3,426
10 years$6,184$5,590$5,047$4,552$4,103$2,792
11 years$5,565$4,976$4,443$3,962$3,529$2,294
12 years$5,049$4,466$3,943$3,475$3,058$1,897
13 years$4,613$4,036$3,523$3,068$2,666$1,577
14 years$4,239$3,669$3,165$2,723$2,337$1,317
15 years$3,916$3,352$2,858$2,429$2,058$1,103
16 years$3,633$3,075$2,591$2,175$1,819$927
17 years$3,384$2,832$2,358$1,954$1,613$780
18 years$3,162$2,617$2,152$1,761$1,434$658
19 years$2,965$2,425$1,970$1,591$1,278$556
20 years$2,787$2,254$1,808$1,441$1,142$471
21 years$2,626$2,099$1,663$1,308$1,022$399
22 years$2,480$1,960$1,533$1,189$916$338
23 years$2,348$1,833$1,416$1,083$822$287
24 years$2,226$1,717$1,309$988$739$244
25 years$2,114$1,611$1,212$902$665$207
26 years$2,011$1,515$1,125$825$599$176
27 years$1,916$1,425$1,044$755$540$150
28 years$1,828$1,343$971$692$487$127
29 years$1,746$1,267$903$634$440$108
30 years$1,669$1,197$841$582$398$92
31 years$1,598$1,131$784$535$359$79
32 years$1,531$1,070$732$491$325$67
33 years$1,468$1,014$683$452$294$57
34 years$1,410$961$639$416$266$49
35 years$1,354$911$597$383$241$41
36 years$1,302$865$558$352$219$35
37 years$1,253$821$523$325$198$30
38 years$1,207$781$489$299$180$26
39 years$1,163$742$459$276$163$22
40 years$1,121$706$430$255$148$19
41 years$1,082$672$403$235$134$16
42 years$1,044$640$378$217$122$14
43 years$1,008$610$355$200$110$12
44 years$974$581$333$185$100$10
45 years$942$555$313$171$91$8
46 years$911$529$294$158$83$7
47 years$882$505$276$146$75$6
48 years$853$482$259$135$68$5
49 years$826$460$244$124$62$4
50 years$801$440$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $820,000, adding $3,752 every year, while hoping to spend $55,762 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: 68/6/26 Blend
62$820,000$820,000$820,000$820,000
63$907,510$864,050$851,340$962,885
64$940,746$847,058$820,530$983,562
65$975,503$827,365$786,818$999,461
66$1,011,877$804,779$750,050$1,015,573
67$1,049,973$779,097$710,061$1,031,920
68$1,089,904$750,107$666,681$1,048,527
69$1,131,791$717,579$619,733$1,065,424
70$1,175,769$681,276$569,029$1,082,647
71$1,221,982$640,943$514,375$1,100,235
72$1,270,586$596,311$455,569$1,118,234
73$1,321,752$547,097$392,397$1,136,698
74$1,375,667$493,001$324,639$1,155,687
75$1,432,533$433,705$252,062$1,175,272
76$1,492,570$368,876$174,425$1,195,533
77$1,556,020$298,158$91,475$1,216,559
78$1,623,144$221,178$2,950$1,238,453
79$1,694,230$137,541$0$1,261,332
80$1,769,591$46,830$0$1,310,717
81$1,849,569$0$0$1,363,891
82$1,934,539$0$0$1,423,678
83$2,024,909$0$0$1,490,579
84$2,121,128$0$0$1,561,837
85$2,223,686$0$0$1,637,819
86$2,333,120$0$0$1,718,926
87$2,450,019$0$0$1,805,599
88$2,575,028$0$0$1,898,320
89$2,708,854$0$0$1,997,618
90$2,852,272$0$0$2,104,072
91$3,006,132$0$0$2,218,320
92$3,171,369$0$0$2,341,059
93$3,349,006$0$0$2,473,057
94$3,540,168$0$0$2,615,155
95$3,746,089$0$0$2,768,276
96$3,968,127$0$0$2,933,437
97$4,207,771$0$0$3,111,753
98$4,466,657$0$0$3,304,448
99$4,746,585$0$0$3,512,871
100$5,049,532$0$0$3,738,500