Can I retire at age 63 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$68,128$67,521$66,929$66,351$65,787$64,092
2 years$33,727$33,098$32,490$31,899$31,327$29,631
3 years$22,261$21,630$21,023$20,438$19,875$18,231
4 years$16,529$15,900$15,299$14,725$14,175$12,595
5 years$13,091$12,466$11,873$11,310$10,776$9,265
6 years$10,800$10,180$9,595$9,045$8,526$7,085
7 years$9,164$8,549$7,974$7,436$6,934$5,563
8 years$7,938$7,328$6,762$6,238$5,753$4,451
9 years$6,984$6,380$5,824$5,313$4,845$3,612
10 years$6,222$5,624$5,078$4,580$4,128$2,962
11 years$5,599$5,007$4,470$3,986$3,550$2,450
12 years$5,080$4,494$3,967$3,496$3,076$2,039
13 years$4,641$4,061$3,545$3,087$2,683$1,707
14 years$4,265$3,691$3,185$2,740$2,352$1,435
15 years$3,940$3,372$2,875$2,444$2,071$1,210
16 years$3,655$3,094$2,607$2,188$1,830$1,024
17 years$3,404$2,849$2,372$1,966$1,623$869
18 years$3,182$2,633$2,166$1,772$1,443$738
19 years$2,983$2,440$1,982$1,601$1,286$629
20 years$2,804$2,267$1,819$1,450$1,149$536
21 years$2,642$2,112$1,674$1,316$1,028$458
22 years$2,496$1,972$1,542$1,196$921$391
23 years$2,362$1,844$1,424$1,090$827$334
24 years$2,239$1,728$1,317$994$743$286
25 years$2,127$1,621$1,220$908$669$245
26 years$2,023$1,524$1,131$830$603$210
27 years$1,928$1,434$1,051$760$543$180
28 years$1,839$1,351$977$696$490$155
29 years$1,756$1,275$909$638$443$133
30 years$1,679$1,204$847$586$400$114
31 years$1,608$1,138$789$538$362$98
32 years$1,540$1,077$736$494$327$84
33 years$1,477$1,020$688$455$296$72
34 years$1,418$967$642$418$268$62
35 years$1,363$917$601$385$243$53
36 years$1,310$870$562$355$220$46
37 years$1,261$826$526$327$199$39
38 years$1,214$785$492$301$181$34
39 years$1,170$747$461$278$164$29
40 years$1,128$711$432$256$149$25
41 years$1,088$676$406$236$135$21
42 years$1,050$644$380$218$122$18
43 years$1,014$614$357$201$111$16
44 years$980$585$335$186$101$14
45 years$948$558$315$172$92$12
46 years$917$532$295$159$83$10
47 years$887$508$278$147$75$9
48 years$859$485$261$135$69$7
49 years$831$463$245$125$62$6
50 years$805$442$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $825,000, adding $2,267 every year, while hoping to spend $34,076 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: 44/47/9 Blend
62$825,000$825,000$825,000$825,000
63$911,488$867,763$854,976$949,156
64$968,204$874,027$847,361$981,773
65$1,029,562$879,456$838,349$1,013,444
66$1,096,000$883,972$827,857$1,046,993
67$1,168,000$887,495$815,798$1,082,605
68$1,246,091$889,937$802,082$1,120,487
69$1,330,854$891,206$786,614$1,160,865
70$1,422,929$891,203$769,293$1,203,993
71$1,523,020$889,824$750,017$1,250,150
72$1,631,902$886,959$728,676$1,299,647
73$1,750,426$882,490$705,156$1,352,830
74$1,879,529$876,292$679,339$1,410,079
75$2,020,243$868,232$651,099$1,471,819
76$2,173,704$858,172$620,307$1,538,519
77$2,341,161$845,961$586,826$1,610,699
78$2,523,990$831,443$550,515$1,688,934
79$2,723,703$814,451$511,224$1,773,864
80$2,941,969$794,807$468,798$1,866,195
81$3,180,622$772,325$423,075$1,966,709
82$3,441,683$746,806$373,886$2,076,272
83$3,727,376$718,041$321,052$2,195,844
84$4,040,152$685,808$264,390$2,326,486
85$4,382,706$649,872$203,706$2,469,373
86$4,758,010$609,984$138,799$2,625,802
87$5,169,336$565,882$69,458$2,797,213
88$5,620,287$517,288$0$2,985,194
89$6,114,830$463,910$0$3,191,941
90$6,657,337$405,435$0$3,426,108
91$7,252,622$341,538$0$3,683,189
92$7,905,987$271,871$0$3,965,587
93$8,623,273$196,068$0$4,275,952
94$9,410,916$113,744$0$4,617,213
95$10,276,002$24,491$0$4,992,608
96$11,226,340$0$0$5,405,708
97$12,270,531$0$0$5,897,762
98$13,418,051$0$0$6,452,534
99$14,679,341$0$0$7,062,420
100$16,065,900$0$0$7,732,992