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%16.1%
1 years$67,880$67,275$66,685$66,110$65,547$63,911
2 years$33,604$32,978$32,372$31,783$31,213$29,575
3 years$22,180$21,552$20,947$20,364$19,803$18,214
4 years$16,469$15,843$15,244$14,671$14,124$12,596
5 years$13,044$12,421$11,830$11,269$10,737$9,275
6 years$10,761$10,143$9,560$9,012$8,495$7,101
7 years$9,131$8,518$7,945$7,409$6,909$5,582
8 years$7,909$7,301$6,738$6,215$5,732$4,472
9 years$6,959$6,357$5,803$5,294$4,827$3,633
10 years$6,199$5,603$5,059$4,564$4,113$2,983
11 years$5,578$4,988$4,454$3,972$3,537$2,470
12 years$5,061$4,477$3,953$3,484$3,065$2,059
13 years$4,624$4,046$3,532$3,076$2,673$1,725
14 years$4,249$3,678$3,173$2,730$2,343$1,452
15 years$3,925$3,360$2,865$2,435$2,063$1,227
16 years$3,642$3,083$2,598$2,180$1,823$1,040
17 years$3,392$2,839$2,364$1,959$1,617$883
18 years$3,170$2,623$2,158$1,765$1,437$752
19 years$2,972$2,431$1,975$1,595$1,281$641
20 years$2,794$2,259$1,813$1,445$1,144$547
21 years$2,633$2,104$1,667$1,311$1,024$468
22 years$2,487$1,964$1,537$1,192$918$401
23 years$2,353$1,837$1,419$1,086$824$343
24 years$2,231$1,721$1,312$990$741$294
25 years$2,119$1,615$1,215$904$666$252
26 years$2,016$1,518$1,127$827$600$217
27 years$1,921$1,429$1,047$757$541$186
28 years$1,832$1,346$973$693$488$160
29 years$1,750$1,270$906$636$441$137
30 years$1,673$1,200$843$584$398$118
31 years$1,602$1,134$786$536$360$102
32 years$1,535$1,073$734$493$326$87
33 years$1,472$1,016$685$453$295$75
34 years$1,413$963$640$417$267$65
35 years$1,358$913$598$384$242$56
36 years$1,306$867$560$353$219$48
37 years$1,256$823$524$326$199$41
38 years$1,210$783$491$300$180$36
39 years$1,166$744$460$277$163$31
40 years$1,124$708$431$255$148$26
41 years$1,084$674$404$235$134$23
42 years$1,047$642$379$217$122$20
43 years$1,011$612$356$201$111$17
44 years$977$583$334$185$100$14
45 years$944$556$313$171$91$12
46 years$913$530$294$158$83$11
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 $2,024 every year, while hoping to spend $39,302 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: 36/42/22 Blend
62$822,000$822,000$822,000$822,000
63$907,932$864,366$851,625$934,516
64$958,724$864,903$838,337$954,721
65$1,013,379$864,149$823,287$972,735
66$1,072,251$861,999$806,374$991,386
67$1,135,726$858,342$787,493$1,010,754
68$1,204,230$853,061$766,534$1,030,932
69$1,278,230$846,030$743,382$1,052,024
70$1,358,240$837,115$717,915$1,074,147
71$1,444,824$826,178$690,009$1,097,435
72$1,538,603$813,068$659,532$1,122,040
73$1,640,260$797,627$626,345$1,148,129
74$1,750,544$779,688$590,305$1,175,896
75$1,870,281$759,074$551,262$1,205,555
76$2,000,378$735,598$509,058$1,237,348
77$2,141,834$709,059$463,529$1,271,545
78$2,295,747$679,249$414,503$1,308,453
79$2,463,326$645,945$361,801$1,348,410
80$2,645,901$608,912$305,237$1,391,800
81$2,844,934$567,900$244,614$1,439,047
82$3,062,037$522,647$179,728$1,490,630
83$3,298,983$472,875$110,367$1,547,081
84$3,557,722$418,289$36,308$1,608,993
85$3,840,404$358,579$0$1,677,030
86$4,149,393$293,417$0$1,761,960
87$4,487,292$222,455$0$1,864,323
88$4,856,969$145,329$0$1,976,564
89$5,261,581$61,651$0$2,099,763
90$5,704,602$0$0$2,235,120
91$6,189,862$0$0$2,397,359
92$6,721,574$0$0$2,606,464
93$7,304,382$0$0$2,835,782
94$7,943,399$0$0$3,087,339
95$8,644,255$0$0$3,363,368
96$9,413,154$0$0$3,666,327
97$10,256,927$0$0$3,998,925
98$11,183,098$0$0$4,364,144
99$12,199,958$0$0$4,765,272
100$13,316,638$0$0$5,205,928