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%14.4%
1 years$67,715$67,112$66,523$65,949$65,388$64,199
2 years$33,522$32,898$32,293$31,706$31,137$29,944
3 years$22,126$21,499$20,896$20,314$19,755$18,594
4 years$16,429$15,804$15,207$14,635$14,089$12,970
5 years$13,012$12,391$11,801$11,241$10,710$9,636
6 years$10,735$10,118$9,537$8,990$8,475$7,446
7 years$9,108$8,497$7,925$7,391$6,892$5,909
8 years$7,889$7,283$6,721$6,200$5,718$4,781
9 years$6,942$6,342$5,789$5,281$4,815$3,924
10 years$6,184$5,590$5,047$4,552$4,103$3,256
11 years$5,565$4,976$4,443$3,962$3,529$2,725
12 years$5,049$4,466$3,943$3,475$3,058$2,297
13 years$4,613$4,036$3,523$3,068$2,666$1,947
14 years$4,239$3,669$3,165$2,723$2,337$1,658
15 years$3,916$3,352$2,858$2,429$2,058$1,417
16 years$3,633$3,075$2,591$2,175$1,819$1,215
17 years$3,384$2,832$2,358$1,954$1,613$1,045
18 years$3,162$2,617$2,152$1,761$1,434$901
19 years$2,965$2,425$1,970$1,591$1,278$778
20 years$2,787$2,254$1,808$1,441$1,142$673
21 years$2,626$2,099$1,663$1,308$1,022$583
22 years$2,480$1,960$1,533$1,189$916$505
23 years$2,348$1,833$1,416$1,083$822$439
24 years$2,226$1,717$1,309$988$739$381
25 years$2,114$1,611$1,212$902$665$332
26 years$2,011$1,515$1,125$825$599$289
27 years$1,916$1,425$1,044$755$540$251
28 years$1,828$1,343$971$692$487$219
29 years$1,746$1,267$903$634$440$191
30 years$1,669$1,197$841$582$398$166
31 years$1,598$1,131$784$535$359$145
32 years$1,531$1,070$732$491$325$127
33 years$1,468$1,014$683$452$294$110
34 years$1,410$961$639$416$266$96
35 years$1,354$911$597$383$241$84
36 years$1,302$865$558$352$219$73
37 years$1,253$821$523$325$198$64
38 years$1,207$781$489$299$180$56
39 years$1,163$742$459$276$163$49
40 years$1,121$706$430$255$148$43
41 years$1,082$672$403$235$134$37
42 years$1,044$640$378$217$122$33
43 years$1,008$610$355$200$110$29
44 years$974$581$333$185$100$25
45 years$942$555$313$171$91$22
46 years$911$529$294$158$83$19
47 years$882$505$276$146$75$17
48 years$853$482$259$135$68$15
49 years$826$460$244$124$62$13
50 years$801$440$229$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $820,000, adding $5,069 every year, while hoping to spend $23,449 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: 78/16/6 Blend
62$820,000$820,000$820,000$820,000
63$908,869$865,409$852,699$978,886
64$976,624$882,864$856,315$1,042,977
65$1,050,504$900,389$859,266$1,109,676
66$1,131,109$917,962$861,505$1,182,122
67$1,219,100$935,560$862,983$1,260,876
68$1,315,203$953,157$863,648$1,346,554
69$1,420,219$970,727$863,446$1,439,838
70$1,535,029$988,241$862,319$1,541,476
71$1,660,603$1,005,666$860,207$1,652,292
72$1,798,010$1,022,968$857,049$1,773,197
73$1,948,424$1,040,110$852,777$1,905,189
74$2,113,141$1,057,054$847,324$2,049,372
75$2,293,589$1,073,757$840,616$2,206,961
76$2,491,336$1,090,172$832,578$2,379,292
77$2,708,113$1,106,251$823,130$2,567,840
78$2,945,825$1,121,942$812,190$2,774,228
79$3,206,571$1,137,189$799,670$3,000,246
80$3,492,662$1,151,932$785,479$3,247,864
81$3,806,642$1,166,106$769,521$3,519,254
82$4,151,318$1,179,642$751,698$3,816,809
83$4,529,776$1,192,469$731,904$4,143,165
84$4,945,421$1,204,508$710,031$4,501,228
85$5,402,000$1,215,675$685,963$4,894,197
86$5,903,643$1,225,882$659,581$5,325,601
87$6,454,898$1,235,034$630,761$5,799,327
88$7,060,778$1,243,030$599,372$6,319,656
89$7,726,803$1,249,765$565,276$6,891,308
90$8,459,056$1,255,122$528,332$7,519,484
91$9,264,239$1,258,982$488,390$8,209,916
92$10,149,735$1,261,215$445,295$8,968,917
93$11,123,678$1,261,685$398,883$9,803,448
94$12,195,031$1,260,246$348,984$10,721,178
95$13,373,670$1,256,744$295,420$11,730,557
96$14,670,475$1,251,015$238,007$12,840,901
97$16,097,433$1,242,885$176,550$14,062,471
98$17,667,754$1,232,169$110,848$15,406,579
99$19,395,992$1,218,672$40,688$16,885,689
100$21,298,184$1,202,187$0$18,513,537