Can I retire at age 63 with 826,000?

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 $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%11.4%
1 years$68,210$67,603$67,010$66,431$65,866$65,479
2 years$33,767$33,139$32,529$31,938$31,365$30,974
3 years$22,288$21,656$21,048$20,463$19,899$19,517
4 years$16,549$15,920$15,318$14,743$14,192$13,821
5 years$13,107$12,481$11,887$11,324$10,789$10,431
6 years$10,813$10,192$9,607$9,056$8,537$8,192
7 years$9,175$8,559$7,983$7,445$6,943$6,611
8 years$7,947$7,337$6,770$6,246$5,760$5,441
9 years$6,993$6,388$5,831$5,320$4,850$4,545
10 years$6,229$5,631$5,084$4,586$4,133$3,841
11 years$5,605$5,013$4,476$3,991$3,554$3,275
12 years$5,086$4,499$3,972$3,501$3,080$2,814
13 years$4,646$4,066$3,549$3,091$2,686$2,432
14 years$4,270$3,696$3,189$2,743$2,354$2,113
15 years$3,944$3,376$2,879$2,447$2,073$1,843
16 years$3,659$3,098$2,610$2,191$1,832$1,614
17 years$3,408$2,853$2,375$1,968$1,625$1,417
18 years$3,186$2,636$2,168$1,774$1,444$1,248
19 years$2,986$2,443$1,985$1,603$1,287$1,101
20 years$2,807$2,270$1,822$1,452$1,150$974
21 years$2,646$2,115$1,676$1,317$1,029$863
22 years$2,499$1,974$1,544$1,198$922$765
23 years$2,365$1,846$1,426$1,091$828$680
24 years$2,242$1,730$1,319$995$744$605
25 years$2,130$1,623$1,221$909$670$538
26 years$2,026$1,526$1,133$831$603$480
27 years$1,930$1,436$1,052$761$544$428
28 years$1,841$1,353$978$697$491$382
29 years$1,758$1,276$910$639$443$341
30 years$1,681$1,205$848$586$400$305
31 years$1,610$1,139$790$539$362$272
32 years$1,542$1,078$737$495$327$244
33 years$1,479$1,021$688$455$296$218
34 years$1,420$968$643$419$268$195
35 years$1,364$918$601$386$243$175
36 years$1,312$871$563$355$220$156
37 years$1,262$827$527$327$200$140
38 years$1,216$786$493$302$181$125
39 years$1,171$748$462$278$164$112
40 years$1,129$711$433$256$149$101
41 years$1,089$677$406$237$135$90
42 years$1,052$645$381$218$123$81
43 years$1,016$615$357$202$111$73
44 years$981$586$335$186$101$65
45 years$949$559$315$172$92$58
46 years$918$533$296$159$83$52
47 years$888$508$278$147$76$47
48 years$860$485$261$136$69$42
49 years$832$464$245$125$62$38
50 years$806$443$231$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $826,000, adding $6,205 every year, while hoping to spend $44,930 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: 69/18/13 Blend
62$826,000$826,000$826,000$826,000
63$916,652$872,874$860,071$976,840
64$962,346$867,840$841,079$1,012,612
65$1,011,194$861,053$819,944$1,045,760
66$1,063,472$852,381$796,548$1,080,859
67$1,119,479$841,681$770,765$1,118,096
68$1,179,547$828,804$742,467$1,157,674
69$1,244,036$813,591$711,515$1,199,823
70$1,313,346$795,875$677,769$1,244,792
71$1,387,911$775,476$641,078$1,292,860
72$1,468,210$752,207$601,286$1,344,334
73$1,554,770$725,868$558,232$1,399,556
74$1,648,169$696,248$511,745$1,458,903
75$1,749,041$663,122$461,647$1,522,790
76$1,858,084$626,256$407,753$1,591,678
77$1,976,064$585,398$349,868$1,666,079
78$2,103,825$540,285$287,791$1,746,555
79$2,242,292$490,636$221,310$1,833,730
80$2,392,486$436,157$150,203$1,928,295
81$2,555,525$376,535$74,241$2,031,010
82$2,732,644$311,440$0$2,142,718
83$2,925,197$240,524$0$2,265,299
84$3,134,675$163,418$0$2,409,885
85$3,362,721$79,734$0$2,567,343
86$3,611,138$0$0$2,738,967
87$3,881,916$0$0$2,928,354
88$4,177,239$0$0$3,152,175
89$4,499,515$0$0$3,396,468
90$4,851,394$0$0$3,663,247
91$5,235,792$0$0$3,954,727
92$5,655,919$0$0$4,273,349
93$6,115,311$0$0$4,621,802
94$6,617,859$0$0$5,003,042
95$7,167,848$0$0$5,420,328
96$7,769,998$0$0$5,877,247
97$8,429,505$0$0$6,377,750
98$9,152,091$0$0$6,926,185
99$9,944,058$0$0$7,527,346
100$10,812,347$0$0$8,186,507