Can I retire at age 63 with 824,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$68,045$67,439$66,848$66,271$65,707$64,940
2 years$33,686$33,058$32,450$31,861$31,289$30,517
3 years$22,234$21,604$20,998$20,414$19,851$19,098
4 years$16,509$15,881$15,281$14,707$14,158$13,429
5 years$13,075$12,451$11,859$11,296$10,763$10,061
6 years$10,787$10,167$9,583$9,034$8,516$7,842
7 years$9,153$8,538$7,964$7,427$6,926$6,280
8 years$7,928$7,319$6,754$6,230$5,746$5,128
9 years$6,976$6,373$5,817$5,307$4,839$4,248
10 years$6,214$5,617$5,072$4,575$4,123$3,560
11 years$5,592$5,001$4,465$3,981$3,546$3,010
12 years$5,073$4,488$3,963$3,492$3,073$2,563
13 years$4,635$4,056$3,540$3,083$2,679$2,195
14 years$4,260$3,687$3,181$2,737$2,349$1,890
15 years$3,935$3,368$2,872$2,441$2,068$1,633
16 years$3,651$3,090$2,604$2,185$1,828$1,416
17 years$3,400$2,846$2,369$1,964$1,621$1,232
18 years$3,178$2,630$2,163$1,770$1,441$1,074
19 years$2,979$2,437$1,980$1,599$1,284$938
20 years$2,801$2,265$1,817$1,448$1,147$821
21 years$2,639$2,110$1,671$1,314$1,027$720
22 years$2,493$1,969$1,541$1,195$920$632
23 years$2,359$1,842$1,422$1,088$826$556
24 years$2,237$1,726$1,315$993$742$489
25 years$2,124$1,619$1,218$906$668$430
26 years$2,021$1,522$1,130$829$602$379
27 years$1,925$1,432$1,049$759$543$335
28 years$1,837$1,350$975$695$490$295
29 years$1,754$1,273$908$637$442$261
30 years$1,677$1,202$846$585$399$230
31 years$1,606$1,137$788$537$361$204
32 years$1,539$1,076$735$494$327$180
33 years$1,476$1,019$687$454$296$159
34 years$1,417$965$642$418$268$141
35 years$1,361$916$600$385$242$125
36 years$1,309$869$561$354$220$110
37 years$1,259$825$525$326$199$98
38 years$1,213$784$492$301$180$86
39 years$1,168$746$461$277$164$76
40 years$1,127$710$432$256$148$68
41 years$1,087$676$405$236$135$60
42 years$1,049$643$380$218$122$53
43 years$1,013$613$357$201$111$47
44 years$979$584$335$186$101$42
45 years$946$557$314$171$91$37
46 years$915$532$295$158$83$33
47 years$886$507$277$146$75$29
48 years$857$484$261$135$68$26
49 years$830$462$245$125$62$23
50 years$805$442$230$116$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $824,000, adding $2,792 every year, while hoping to spend $24,626 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: 53/33/14 Blend
62$824,000$824,000$824,000$824,000
63$910,928$867,256$854,484$955,674
64$977,641$883,550$856,907$1,002,808
65$1,050,333$899,816$858,586$1,051,201
66$1,129,588$916,029$859,471$1,103,294
67$1,216,049$932,157$859,506$1,159,447
68$1,310,424$948,170$858,637$1,220,053
69$1,413,490$964,034$856,804$1,285,546
70$1,526,105$979,711$853,946$1,356,406
71$1,649,213$995,162$849,999$1,433,160
72$1,783,852$1,010,344$844,893$1,516,391
73$1,931,167$1,025,213$838,559$1,606,742
74$2,092,417$1,039,719$830,921$1,704,919
75$2,268,989$1,053,810$821,902$1,811,705
76$2,462,410$1,067,431$811,420$1,927,960
77$2,674,362$1,080,522$799,390$2,054,634
78$2,906,699$1,093,019$785,721$2,192,773
79$3,161,460$1,104,855$770,320$2,343,533
80$3,440,892$1,115,956$753,089$2,508,186
81$3,747,470$1,126,245$733,925$2,688,137
82$4,083,921$1,135,640$712,721$2,884,934
83$4,453,248$1,144,054$689,363$3,100,284
84$4,858,758$1,151,391$663,736$3,336,070
85$5,304,096$1,157,553$635,715$3,594,367
86$5,793,275$1,162,435$605,173$3,877,466
87$6,330,717$1,165,922$571,975$4,187,891
88$6,921,294$1,167,896$535,980$4,528,425
89$7,570,373$1,168,230$497,041$4,902,137
90$8,283,865$1,166,787$455,006$5,312,412
91$9,068,285$1,163,425$409,715$5,762,982
92$9,930,809$1,157,992$360,999$6,257,961
93$10,879,343$1,150,326$308,685$6,801,886
94$11,922,599$1,140,255$252,589$7,399,760
95$13,070,175$1,127,598$192,521$8,057,097
96$14,332,644$1,112,162$128,282$8,779,978
97$15,721,659$1,093,742$59,664$9,575,109
98$17,250,056$1,072,124$0$10,449,879
99$18,931,981$1,047,077$0$11,414,467
100$20,783,018$1,018,359$0$12,485,472