Can I retire at age 63 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$67,797$67,194$66,604$66,029$65,468$64,304
2 years$33,563$32,938$32,332$31,745$31,175$30,006
3 years$22,153$21,525$20,921$20,339$19,779$18,642
4 years$16,449$15,823$15,225$14,653$14,106$13,010
5 years$13,028$12,406$11,815$11,255$10,723$9,670
6 years$10,748$10,130$9,549$9,001$8,485$7,477
7 years$9,120$8,507$7,935$7,400$6,901$5,937
8 years$7,899$7,292$6,729$6,208$5,725$4,806
9 years$6,950$6,349$5,796$5,288$4,821$3,947
10 years$6,192$5,597$5,053$4,558$4,108$3,277
11 years$5,571$4,982$4,449$3,967$3,533$2,745
12 years$5,055$4,472$3,948$3,479$3,061$2,315
13 years$4,618$4,041$3,527$3,072$2,670$1,963
14 years$4,244$3,673$3,169$2,727$2,340$1,673
15 years$3,920$3,356$2,862$2,432$2,061$1,431
16 years$3,637$3,079$2,594$2,177$1,821$1,228
17 years$3,388$2,835$2,361$1,956$1,615$1,057
18 years$3,166$2,620$2,155$1,763$1,436$912
19 years$2,968$2,428$1,973$1,593$1,280$788
20 years$2,790$2,256$1,811$1,443$1,143$682
21 years$2,630$2,102$1,665$1,310$1,023$591
22 years$2,484$1,962$1,535$1,191$917$513
23 years$2,350$1,835$1,417$1,084$823$446
24 years$2,229$1,719$1,311$989$740$388
25 years$2,117$1,613$1,214$903$666$337
26 years$2,014$1,516$1,126$826$600$294
27 years$1,918$1,427$1,045$756$541$256
28 years$1,830$1,345$972$693$488$223
29 years$1,748$1,269$904$635$440$195
30 years$1,671$1,198$842$583$398$170
31 years$1,600$1,133$785$535$360$148
32 years$1,533$1,072$733$492$325$129
33 years$1,470$1,015$684$452$295$113
34 years$1,411$962$639$416$267$99
35 years$1,356$912$598$383$242$86
36 years$1,304$866$559$353$219$75
37 years$1,255$822$523$325$198$66
38 years$1,208$782$490$300$180$58
39 years$1,164$743$459$276$163$50
40 years$1,122$707$430$255$148$44
41 years$1,083$673$404$235$134$39
42 years$1,045$641$379$217$122$34
43 years$1,009$611$355$200$111$29
44 years$975$582$333$185$100$26
45 years$943$555$313$171$91$23
46 years$912$530$294$158$83$20
47 years$883$505$276$146$75$17
48 years$854$482$260$135$68$15
49 years$827$461$244$125$62$13
50 years$802$440$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $821,000, adding $2,242 every year, while hoping to spend $50,641 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: 32/41/27 Blend
62$821,000$821,000$821,000$821,000
63$907,055$863,542$850,816$928,537
64$945,693$851,974$825,437$933,577
65$986,574$838,141$797,510$934,356
66$1,029,875$821,881$766,897$934,198
67$1,075,787$803,017$733,453$933,055
68$1,124,519$781,367$697,025$930,878
69$1,176,300$756,734$657,456$927,621
70$1,231,381$728,912$614,579$923,236
71$1,290,036$697,683$568,221$917,679
72$1,352,565$662,814$518,201$910,906
73$1,419,296$624,062$464,331$902,873
74$1,490,590$581,167$406,412$893,542
75$1,566,842$533,856$344,239$882,877
76$1,648,484$481,840$277,595$870,847
77$1,735,992$424,811$206,256$857,423
78$1,829,885$362,449$129,987$842,587
79$1,930,734$294,411$48,544$826,323
80$2,039,168$220,336$0$808,627
81$2,155,875$139,843$0$800,558
82$2,281,609$52,531$0$806,721
83$2,417,203$0$0$813,224
84$2,563,567$0$0$839,157
85$2,721,705$0$0$892,880
86$2,892,717$0$0$951,078
87$3,077,815$0$0$1,014,177
88$3,278,329$0$0$1,082,644
89$3,495,722$0$0$1,156,993
90$3,731,604$0$0$1,237,788
91$3,987,745$0$0$1,325,653
92$4,266,090$0$0$1,421,270
93$4,568,783$0$0$1,525,393
94$4,898,178$0$0$1,638,850
95$5,256,867$0$0$1,762,553
96$5,647,704$0$0$1,897,504
97$6,073,827$0$0$2,044,807
98$6,538,691$0$0$2,205,679
99$7,046,100$0$0$2,381,458
100$7,600,239$0$0$2,573,616