Can I retire at age 63 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$67,963$67,357$66,767$66,190$65,627$63,476
2 years$33,645$33,018$32,411$31,822$31,251$29,104
3 years$22,207$21,578$20,972$20,389$19,827$17,752
4 years$16,489$15,862$15,262$14,689$14,141$12,153
5 years$13,060$12,436$11,844$11,283$10,750$8,855
6 years$10,774$10,155$9,572$9,023$8,506$6,706
7 years$9,142$8,528$7,954$7,418$6,917$5,212
8 years$7,918$7,310$6,746$6,223$5,739$4,126
9 years$6,967$6,365$5,810$5,300$4,833$3,312
10 years$6,207$5,610$5,065$4,569$4,118$2,685
11 years$5,585$4,994$4,460$3,976$3,541$2,195
12 years$5,067$4,483$3,958$3,488$3,069$1,806
13 years$4,629$4,051$3,536$3,079$2,676$1,493
14 years$4,255$3,682$3,177$2,733$2,346$1,240
15 years$3,930$3,364$2,868$2,438$2,066$1,033
16 years$3,646$3,086$2,601$2,183$1,826$862
17 years$3,396$2,842$2,367$1,961$1,619$722
18 years$3,174$2,626$2,160$1,767$1,439$605
19 years$2,976$2,434$1,978$1,597$1,283$509
20 years$2,797$2,262$1,815$1,446$1,146$428
21 years$2,636$2,107$1,669$1,313$1,025$360
22 years$2,490$1,967$1,539$1,194$919$303
23 years$2,356$1,839$1,421$1,087$825$256
24 years$2,234$1,723$1,314$991$742$216
25 years$2,122$1,617$1,217$905$667$182
26 years$2,018$1,520$1,129$828$601$154
27 years$1,923$1,431$1,048$758$542$130
28 years$1,834$1,348$974$694$489$110
29 years$1,752$1,272$907$637$442$93
30 years$1,675$1,201$845$584$399$79
31 years$1,604$1,135$787$537$361$67
32 years$1,537$1,074$735$493$326$56
33 years$1,474$1,017$686$454$295$48
34 years$1,415$964$641$417$267$40
35 years$1,359$915$599$384$242$34
36 years$1,307$868$560$354$219$29
37 years$1,258$824$525$326$199$24
38 years$1,211$783$491$300$180$21
39 years$1,167$745$460$277$163$18
40 years$1,125$709$431$256$148$15
41 years$1,085$675$405$236$135$13
42 years$1,048$643$379$218$122$11
43 years$1,012$612$356$201$111$9
44 years$978$584$334$185$101$8
45 years$945$557$314$171$91$6
46 years$914$531$295$158$83$5
47 years$885$507$277$146$75$5
48 years$856$484$260$135$68$4
49 years$829$462$245$125$62$3
50 years$804$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $823,000, adding $2,937 every year, while hoping to spend $30,713 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: 46/39/15 Blend
62$823,000$823,000$823,000$823,000
63$909,976$866,357$853,600$947,834
64$970,115$876,130$849,517$984,222
65$1,035,359$885,352$844,268$1,020,328
66$1,106,196$893,965$837,782$1,058,830
67$1,183,163$901,904$829,983$1,099,963
68$1,266,851$909,103$820,792$1,143,987
69$1,357,910$915,489$810,129$1,191,189
70$1,457,055$920,986$797,907$1,241,887
71$1,565,072$925,513$784,035$1,296,433
72$1,682,829$928,982$768,419$1,355,216
73$1,811,277$931,302$750,961$1,418,665
74$1,951,467$932,375$731,557$1,487,258
75$2,104,552$932,097$710,100$1,561,519
76$2,271,804$930,358$686,476$1,642,031
77$2,454,622$927,039$660,567$1,729,438
78$2,654,547$922,018$632,250$1,824,449
79$2,873,276$915,161$601,395$1,927,851
80$3,112,675$906,330$567,867$2,040,513
81$3,374,803$895,375$531,525$2,163,396
82$3,661,924$882,139$492,222$2,297,559
83$3,976,532$866,455$449,803$2,444,175
84$4,321,374$848,148$404,108$2,604,541
85$4,699,476$827,029$354,968$2,780,087
86$5,114,170$802,901$302,207$2,972,394
87$5,569,127$775,555$245,642$3,183,208
88$6,068,388$744,767$185,081$3,414,459
89$6,616,408$710,304$120,325$3,668,277
90$7,218,090$671,918$51,164$3,947,015
91$7,878,838$629,345$0$4,253,270
92$8,604,604$582,307$0$4,593,534
93$9,401,945$530,512$0$4,976,327
94$10,278,085$473,649$0$5,396,984
95$11,240,981$411,389$0$5,859,405
96$12,299,400$343,386$0$6,367,892
97$13,463,001$269,274$0$6,927,191
98$14,742,425$188,666$0$7,542,538
99$16,149,395$101,153$0$8,219,709
100$17,696,828$6,304$0$8,965,074