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%16.2%
1 years$67,880$67,275$66,685$66,110$65,547$63,885
2 years$33,604$32,978$32,372$31,783$31,213$29,549
3 years$22,180$21,552$20,947$20,364$19,803$18,189
4 years$16,469$15,843$15,244$14,671$14,124$12,573
5 years$13,044$12,421$11,830$11,269$10,737$9,253
6 years$10,761$10,143$9,560$9,012$8,495$7,080
7 years$9,131$8,518$7,945$7,409$6,909$5,563
8 years$7,909$7,301$6,738$6,215$5,732$4,453
9 years$6,959$6,357$5,803$5,294$4,827$3,616
10 years$6,199$5,603$5,059$4,564$4,113$2,967
11 years$5,578$4,988$4,454$3,972$3,537$2,455
12 years$5,061$4,477$3,953$3,484$3,065$2,045
13 years$4,624$4,046$3,532$3,076$2,673$1,713
14 years$4,249$3,678$3,173$2,730$2,343$1,441
15 years$3,925$3,360$2,865$2,435$2,063$1,216
16 years$3,642$3,083$2,598$2,180$1,823$1,030
17 years$3,392$2,839$2,364$1,959$1,617$874
18 years$3,170$2,623$2,158$1,765$1,437$744
19 years$2,972$2,431$1,975$1,595$1,281$634
20 years$2,794$2,259$1,813$1,445$1,144$541
21 years$2,633$2,104$1,667$1,311$1,024$462
22 years$2,487$1,964$1,537$1,192$918$395
23 years$2,353$1,837$1,419$1,086$824$338
24 years$2,231$1,721$1,312$990$741$290
25 years$2,119$1,615$1,215$904$666$248
26 years$2,016$1,518$1,127$827$600$213
27 years$1,921$1,429$1,047$757$541$183
28 years$1,832$1,346$973$693$488$157
29 years$1,750$1,270$906$636$441$135
30 years$1,673$1,200$843$584$398$116
31 years$1,602$1,134$786$536$360$99
32 years$1,535$1,073$734$493$326$85
33 years$1,472$1,016$685$453$295$73
34 years$1,413$963$640$417$267$63
35 years$1,358$913$598$384$242$54
36 years$1,306$867$560$353$219$47
37 years$1,256$823$524$326$199$40
38 years$1,210$783$491$300$180$35
39 years$1,166$744$460$277$163$30
40 years$1,124$708$431$255$148$26
41 years$1,084$674$404$235$134$22
42 years$1,047$642$379$217$122$19
43 years$1,011$612$356$201$111$16
44 years$977$583$334$185$100$14
45 years$944$556$313$171$91$12
46 years$913$530$294$158$83$10
47 years$884$506$277$146$75$9
48 years$855$483$260$135$68$8
49 years$828$461$244$125$62$7
50 years$803$441$230$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $822,000, adding $2,316 every year, while hoping to spend $28,522 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: 37/37/26 Blend
62$822,000$822,000$822,000$822,000
63$908,233$864,667$851,926$934,693
64$970,526$876,688$850,118$966,386
65$1,038,216$888,343$847,294$997,813
66$1,111,825$899,583$843,389$1,031,203
67$1,191,925$910,356$838,337$1,066,752
68$1,279,146$920,608$832,065$1,104,677
69$1,374,181$930,280$824,502$1,145,219
70$1,477,793$939,310$815,569$1,188,642
71$1,590,823$947,631$805,185$1,235,242
72$1,714,194$955,172$793,266$1,285,346
73$1,848,923$961,857$779,722$1,339,315
74$1,996,132$967,606$764,461$1,397,550
75$2,157,052$972,333$747,385$1,460,494
76$2,333,041$975,947$728,392$1,528,638
77$2,525,594$978,352$707,376$1,602,525
78$2,736,357$979,443$684,226$1,682,757
79$2,967,142$979,113$658,824$1,769,999
80$3,219,945$977,244$631,049$1,864,986
81$3,496,964$973,713$600,773$1,968,533
82$3,800,619$968,390$567,864$2,081,541
83$4,133,576$961,135$532,182$2,205,005
84$4,498,772$951,802$493,581$2,340,026
85$4,899,440$940,233$451,909$2,487,822
86$5,339,142$926,264$407,008$2,649,737
87$5,821,804$909,720$358,711$2,827,261
88$6,351,745$890,414$306,846$3,022,035
89$6,933,729$868,150$251,230$3,235,877
90$7,572,999$842,719$191,677$3,470,794
91$8,275,334$813,901$127,986$3,729,003
92$9,047,098$781,462$59,954$4,012,953
93$9,895,304$745,156$0$4,325,351
94$10,827,677$704,721$0$4,672,693
95$11,852,729$659,881$0$5,072,749
96$12,979,836$610,344$0$5,512,578
97$14,219,328$555,800$0$5,996,273
98$15,582,589$495,923$0$6,528,345
99$17,082,158$430,368$0$7,113,776
100$18,731,853$358,771$0$7,758,056