Can I retire at age 63 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$68,210$67,603$67,010$66,431$65,866$63,253
2 years$33,767$33,139$32,529$31,938$31,365$28,764
3 years$22,288$21,656$21,048$20,463$19,899$17,393
4 years$16,549$15,920$15,318$14,743$14,192$11,800
5 years$13,107$12,481$11,887$11,324$10,789$8,517
6 years$10,813$10,192$9,607$9,056$8,537$6,386
7 years$9,175$8,559$7,983$7,445$6,943$4,912
8 years$7,947$7,337$6,770$6,246$5,760$3,848
9 years$6,993$6,388$5,831$5,320$4,850$3,054
10 years$6,229$5,631$5,084$4,586$4,133$2,449
11 years$5,605$5,013$4,476$3,991$3,554$1,978
12 years$5,086$4,499$3,972$3,501$3,080$1,608
13 years$4,646$4,066$3,549$3,091$2,686$1,313
14 years$4,270$3,696$3,189$2,743$2,354$1,077
15 years$3,944$3,376$2,879$2,447$2,073$885
16 years$3,659$3,098$2,610$2,191$1,832$730
17 years$3,408$2,853$2,375$1,968$1,625$603
18 years$3,186$2,636$2,168$1,774$1,444$499
19 years$2,986$2,443$1,985$1,603$1,287$413
20 years$2,807$2,270$1,822$1,452$1,150$343
21 years$2,646$2,115$1,676$1,317$1,029$285
22 years$2,499$1,974$1,544$1,198$922$237
23 years$2,365$1,846$1,426$1,091$828$197
24 years$2,242$1,730$1,319$995$744$164
25 years$2,130$1,623$1,221$909$670$136
26 years$2,026$1,526$1,133$831$603$113
27 years$1,930$1,436$1,052$761$544$94
28 years$1,841$1,353$978$697$491$79
29 years$1,758$1,276$910$639$443$66
30 years$1,681$1,205$848$586$400$55
31 years$1,610$1,139$790$539$362$46
32 years$1,542$1,078$737$495$327$38
33 years$1,479$1,021$688$455$296$32
34 years$1,420$968$643$419$268$26
35 years$1,364$918$601$386$243$22
36 years$1,312$871$563$355$220$18
37 years$1,262$827$527$327$200$15
38 years$1,216$786$493$302$181$13
39 years$1,171$748$462$278$164$11
40 years$1,129$711$433$256$149$9
41 years$1,089$677$406$237$135$7
42 years$1,052$645$381$218$123$6
43 years$1,016$615$357$202$111$5
44 years$981$586$335$186$101$4
45 years$949$559$315$172$92$4
46 years$918$533$296$159$83$3
47 years$888$508$278$147$76$2
48 years$860$485$261$136$69$2
49 years$832$464$245$125$62$2
50 years$806$443$231$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $826,000, adding $6,646 every year, while hoping to spend $37,852 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: 61/34/5 Blend
62$826,000$826,000$826,000$826,000
63$917,107$873,329$860,526$971,895
64$970,378$875,848$849,080$1,011,808
65$1,027,814$877,222$835,981$1,050,333
66$1,089,799$877,354$821,135$1,091,386
67$1,156,758$876,143$804,442$1,135,211
68$1,229,153$873,481$785,797$1,182,076
69$1,307,497$869,252$765,091$1,232,277
70$1,392,350$863,334$742,210$1,286,144
71$1,484,331$855,598$717,035$1,344,038
72$1,584,117$845,906$689,440$1,406,361
73$1,692,455$834,114$659,295$1,473,555
74$1,810,167$820,067$626,463$1,546,112
75$1,938,155$803,602$590,801$1,624,572
76$2,077,414$784,545$552,159$1,709,535
77$2,229,037$762,714$510,383$1,801,662
78$2,394,227$737,915$465,309$1,901,685
79$2,574,307$709,942$416,766$2,010,411
80$2,770,736$678,579$364,577$2,128,734
81$2,985,116$643,595$308,556$2,257,640
82$3,219,214$604,747$248,508$2,398,220
83$3,474,973$561,778$184,232$2,551,679
84$3,754,532$514,417$115,516$2,719,346
85$4,060,247$462,377$42,139$2,902,691
86$4,394,712$405,353$0$3,103,338
87$4,760,783$343,025$0$3,325,011
88$5,161,604$275,055$0$3,570,283
89$5,600,638$201,083$0$3,839,104
90$6,081,698$120,731$0$4,133,904
91$6,608,986$33,601$0$4,457,364
92$7,187,126$0$0$4,812,442
93$7,821,212$0$0$5,225,125
94$8,516,858$0$0$5,691,730
95$9,280,242$0$0$6,203,837
96$10,118,173$0$0$6,766,024
97$11,038,151$0$0$7,383,330
98$12,048,436$0$0$8,061,306
99$13,158,129$0$0$8,806,070
100$14,377,254$0$0$9,624,359