Can I retire at age 63 with 825,000?

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 $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%13.3%
1 years$68,128$67,521$66,929$66,351$65,787$64,884
2 years$33,727$33,098$32,490$31,899$31,327$30,419
3 years$22,261$21,630$21,023$20,438$19,875$18,990
4 years$16,529$15,900$15,299$14,725$14,175$13,320
5 years$13,091$12,466$11,873$11,310$10,776$9,953
6 years$10,800$10,180$9,595$9,045$8,526$7,737
7 years$9,164$8,549$7,974$7,436$6,934$6,179
8 years$7,938$7,328$6,762$6,238$5,753$5,031
9 years$6,984$6,380$5,824$5,313$4,845$4,156
10 years$6,222$5,624$5,078$4,580$4,128$3,472
11 years$5,599$5,007$4,470$3,986$3,550$2,926
12 years$5,080$4,494$3,967$3,496$3,076$2,484
13 years$4,641$4,061$3,545$3,087$2,683$2,120
14 years$4,265$3,691$3,185$2,740$2,352$1,819
15 years$3,940$3,372$2,875$2,444$2,071$1,567
16 years$3,655$3,094$2,607$2,188$1,830$1,354
17 years$3,404$2,849$2,372$1,966$1,623$1,173
18 years$3,182$2,633$2,166$1,772$1,443$1,019
19 years$2,983$2,440$1,982$1,601$1,286$887
20 years$2,804$2,267$1,819$1,450$1,149$774
21 years$2,642$2,112$1,674$1,316$1,028$676
22 years$2,496$1,972$1,542$1,196$921$591
23 years$2,362$1,844$1,424$1,090$827$518
24 years$2,239$1,728$1,317$994$743$454
25 years$2,127$1,621$1,220$908$669$398
26 years$2,023$1,524$1,131$830$603$349
27 years$1,928$1,434$1,051$760$543$307
28 years$1,839$1,351$977$696$490$270
29 years$1,756$1,275$909$638$443$237
30 years$1,679$1,204$847$586$400$209
31 years$1,608$1,138$789$538$362$184
32 years$1,540$1,077$736$494$327$162
33 years$1,477$1,020$688$455$296$142
34 years$1,418$967$642$418$268$125
35 years$1,363$917$601$385$243$111
36 years$1,310$870$562$355$220$97
37 years$1,261$826$526$327$199$86
38 years$1,214$785$492$301$181$76
39 years$1,170$747$461$278$164$67
40 years$1,128$711$432$256$149$59
41 years$1,088$676$406$236$135$52
42 years$1,050$644$380$218$122$46
43 years$1,014$614$357$201$111$40
44 years$980$585$335$186$101$36
45 years$948$558$315$172$92$31
46 years$917$532$295$159$83$28
47 years$887$508$278$147$75$24
48 years$859$485$261$135$69$22
49 years$831$463$245$125$62$19
50 years$805$442$231$116$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $825,000, adding $3,359 every year, while hoping to spend $42,465 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: 50/31/19 Blend
62$825,000$825,000$825,000$825,000
63$912,615$868,890$856,102$953,262
64$960,519$866,283$839,599$979,099
65$1,011,886$862,125$821,120$1,002,525
66$1,067,025$856,296$800,554$1,027,078
67$1,126,273$848,666$777,784$1,052,882
68$1,190,003$839,100$752,690$1,080,072
69$1,258,622$827,455$725,144$1,108,802
70$1,332,578$813,577$695,013$1,139,243
71$1,412,364$797,305$662,158$1,171,586
72$1,498,519$778,467$626,435$1,206,045
73$1,591,638$756,881$587,690$1,242,858
74$1,692,373$732,357$545,766$1,282,293
75$1,801,443$704,690$500,497$1,324,645
76$1,919,636$673,666$451,710$1,370,245
77$2,047,820$639,056$399,223$1,419,463
78$2,186,948$600,621$342,847$1,472,708
79$2,338,071$558,105$282,387$1,530,438
80$2,502,342$511,240$217,634$1,593,161
81$2,681,030$459,740$148,375$1,661,440
82$2,875,534$403,306$74,384$1,735,906
83$3,087,389$341,619$0$1,817,254
84$3,318,289$274,344$0$1,907,189
85$3,570,093$201,126$0$2,021,796
86$3,844,852$121,590$0$2,146,986
87$4,144,820$35,342$0$2,283,873
88$4,472,481$0$0$2,433,688
89$4,830,566$0$0$2,617,592
90$5,222,087$0$0$2,831,932
91$5,650,354$0$0$3,066,476
92$6,119,017$0$0$3,323,233
93$6,632,092$0$0$3,604,414
94$7,194,002$0$0$3,912,456
95$7,809,618$0$0$4,250,040
96$8,484,304$0$0$4,620,121
97$9,223,968$0$0$5,025,952
98$10,035,118$0$0$5,471,117
99$10,924,920$0$0$5,959,563
100$11,901,267$0$0$6,495,639