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%17.1%
1 years$67,963$67,357$66,767$66,190$65,627$63,731
2 years$33,645$33,018$32,411$31,822$31,251$29,355
3 years$22,207$21,578$20,972$20,389$19,827$17,992
4 years$16,489$15,862$15,262$14,689$14,141$12,380
5 years$13,060$12,436$11,844$11,283$10,750$9,068
6 years$10,774$10,155$9,572$9,023$8,506$6,905
7 years$9,142$8,528$7,954$7,418$6,917$5,397
8 years$7,918$7,310$6,746$6,223$5,739$4,298
9 years$6,967$6,365$5,810$5,300$4,833$3,471
10 years$6,207$5,610$5,065$4,569$4,118$2,832
11 years$5,585$4,994$4,460$3,976$3,541$2,330
12 years$5,067$4,483$3,958$3,488$3,069$1,930
13 years$4,629$4,051$3,536$3,079$2,676$1,606
14 years$4,255$3,682$3,177$2,733$2,346$1,343
15 years$3,930$3,364$2,868$2,438$2,066$1,126
16 years$3,646$3,086$2,601$2,183$1,826$948
17 years$3,396$2,842$2,367$1,961$1,619$799
18 years$3,174$2,626$2,160$1,767$1,439$675
19 years$2,976$2,434$1,978$1,597$1,283$571
20 years$2,797$2,262$1,815$1,446$1,146$484
21 years$2,636$2,107$1,669$1,313$1,025$411
22 years$2,490$1,967$1,539$1,194$919$349
23 years$2,356$1,839$1,421$1,087$825$297
24 years$2,234$1,723$1,314$991$742$252
25 years$2,122$1,617$1,217$905$667$215
26 years$2,018$1,520$1,129$828$601$183
27 years$1,923$1,431$1,048$758$542$156
28 years$1,834$1,348$974$694$489$133
29 years$1,752$1,272$907$637$442$113
30 years$1,675$1,201$845$584$399$96
31 years$1,604$1,135$787$537$361$82
32 years$1,537$1,074$735$493$326$70
33 years$1,474$1,017$686$454$295$60
34 years$1,415$964$641$417$267$51
35 years$1,359$915$599$384$242$44
36 years$1,307$868$560$354$219$37
37 years$1,258$824$525$326$199$32
38 years$1,211$783$491$300$180$27
39 years$1,167$745$460$277$163$23
40 years$1,125$709$431$256$148$20
41 years$1,085$675$405$236$135$17
42 years$1,048$643$379$218$122$14
43 years$1,012$612$356$201$111$12
44 years$978$584$334$185$101$11
45 years$945$557$314$171$91$9
46 years$914$531$295$158$83$8
47 years$885$507$277$146$75$7
48 years$856$484$260$135$68$6
49 years$829$462$245$125$62$5
50 years$804$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $823,000, adding $3,859 every year, while hoping to spend $59,150 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: 50/33/17 Blend
62$823,000$823,000$823,000$823,000
63$910,927$867,308$854,551$952,007
64$940,906$846,870$820,243$960,299
65$971,961$823,450$782,804$962,869
66$1,004,138$796,836$742,065$964,377
67$1,037,489$766,809$697,853$964,745
68$1,072,065$733,135$649,983$963,887
69$1,107,923$695,567$598,266$961,718
70$1,145,125$653,843$542,501$958,143
71$1,183,733$607,686$482,480$953,066
72$1,223,816$556,805$417,985$946,387
73$1,265,446$500,890$348,789$937,997
74$1,308,702$439,614$274,654$927,785
75$1,353,667$372,633$195,332$915,634
76$1,400,430$299,580$110,564$901,422
77$1,449,086$220,072$20,081$885,020
78$1,499,739$133,701$0$866,295
79$1,552,497$40,038$0$858,981
80$1,607,480$0$0$853,847
81$1,664,816$0$0$869,438
82$1,724,640$0$0$900,893
83$1,787,103$0$0$933,754
84$1,852,362$0$0$968,107
85$1,920,592$0$0$1,004,047
86$1,991,979$0$0$1,041,674
87$2,066,725$0$0$1,081,098
88$2,145,050$0$0$1,122,438
89$2,227,191$0$0$1,165,824
90$2,313,405$0$0$1,211,395
91$2,403,973$0$0$1,259,305
92$2,499,199$0$0$1,309,718
93$2,599,413$0$0$1,362,815
94$2,704,976$0$0$1,418,792
95$2,816,280$0$0$1,477,863
96$2,933,752$0$0$1,540,262
97$3,057,858$0$0$1,606,243
98$3,189,105$0$0$1,676,084
99$3,328,050$0$0$1,750,087
100$3,475,297$0$0$1,828,584