Can I retire at age 63 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$67,880$67,275$66,685$66,110$65,547$63,297
2 years$33,604$32,978$32,372$31,783$31,213$28,969
3 years$22,180$21,552$20,947$20,364$19,803$17,635
4 years$16,469$15,843$15,244$14,671$14,124$12,049
5 years$13,044$12,421$11,830$11,269$10,737$8,761
6 years$10,761$10,143$9,560$9,012$8,495$6,620
7 years$9,131$8,518$7,945$7,409$6,909$5,133
8 years$7,909$7,301$6,738$6,215$5,732$4,054
9 years$6,959$6,357$5,803$5,294$4,827$3,246
10 years$6,199$5,603$5,059$4,564$4,113$2,626
11 years$5,578$4,988$4,454$3,972$3,537$2,141
12 years$5,061$4,477$3,953$3,484$3,065$1,756
13 years$4,624$4,046$3,532$3,076$2,673$1,448
14 years$4,249$3,678$3,173$2,730$2,343$1,199
15 years$3,925$3,360$2,865$2,435$2,063$996
16 years$3,642$3,083$2,598$2,180$1,823$829
17 years$3,392$2,839$2,364$1,959$1,617$692
18 years$3,170$2,623$2,158$1,765$1,437$579
19 years$2,972$2,431$1,975$1,595$1,281$485
20 years$2,794$2,259$1,813$1,445$1,144$406
21 years$2,633$2,104$1,667$1,311$1,024$341
22 years$2,487$1,964$1,537$1,192$918$287
23 years$2,353$1,837$1,419$1,086$824$241
24 years$2,231$1,721$1,312$990$741$203
25 years$2,119$1,615$1,215$904$666$171
26 years$2,016$1,518$1,127$827$600$144
27 years$1,921$1,429$1,047$757$541$121
28 years$1,832$1,346$973$693$488$102
29 years$1,750$1,270$906$636$441$86
30 years$1,673$1,200$843$584$398$72
31 years$1,602$1,134$786$536$360$61
32 years$1,535$1,073$734$493$326$51
33 years$1,472$1,016$685$453$295$43
34 years$1,413$963$640$417$267$37
35 years$1,358$913$598$384$242$31
36 years$1,306$867$560$353$219$26
37 years$1,256$823$524$326$199$22
38 years$1,210$783$491$300$180$19
39 years$1,166$744$460$277$163$16
40 years$1,124$708$431$255$148$13
41 years$1,084$674$404$235$134$11
42 years$1,047$642$379$217$122$9
43 years$1,011$612$356$201$111$8
44 years$977$583$334$185$100$7
45 years$944$556$313$171$91$6
46 years$913$530$294$158$83$5
47 years$884$506$277$146$75$4
48 years$855$483$260$135$68$3
49 years$828$461$244$125$62$3
50 years$803$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $822,000, adding $5,378 every year, while hoping to spend $57,280 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: 54/28/18 Blend
62$822,000$822,000$822,000$822,000
63$911,391$867,825$855,084$955,905
64$943,408$849,403$822,784$968,513
65$976,770$828,159$787,482$975,703
66$1,011,555$803,893$749,017$982,268
67$1,047,846$776,396$707,221$988,165
68$1,085,731$745,444$661,918$993,348
69$1,125,307$710,802$612,924$997,772
70$1,166,678$672,221$560,047$1,001,390
71$1,209,956$629,438$503,085$1,004,155
72$1,255,264$582,172$441,831$1,006,017
73$1,302,733$530,130$376,064$1,006,928
74$1,352,505$473,000$305,556$1,006,840
75$1,404,736$410,453$230,068$1,005,703
76$1,459,595$342,141$149,351$1,003,470
77$1,517,264$267,696$63,144$1,000,093
78$1,577,942$186,730$0$995,526
79$1,641,846$98,833$0$995,267
80$1,709,210$3,573$0$1,007,035
81$1,780,293$0$0$1,018,707
82$1,855,374$0$0$1,060,968
83$1,934,757$0$0$1,106,849
84$2,018,778$0$0$1,155,447
85$2,107,798$0$0$1,206,975
86$2,202,216$0$0$1,261,671
87$2,302,467$0$0$1,319,790
88$2,409,026$0$0$1,381,615
89$2,522,412$0$0$1,447,452
90$2,643,196$0$0$1,517,640
91$2,771,999$0$0$1,592,547
92$2,909,505$0$0$1,672,578
93$3,056,461$0$0$1,758,177
94$3,213,688$0$0$1,849,829
95$3,382,085$0$0$1,948,067
96$3,562,637$0$0$2,053,477
97$3,756,426$0$0$2,166,699
98$3,964,638$0$0$2,288,439
99$4,188,578$0$0$2,419,470
100$4,429,676$0$0$2,560,641