Can I retire at age 63 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$68,293$67,685$67,091$66,512$65,946$64,326
2 years$33,808$33,179$32,568$31,977$31,403$29,780
3 years$22,315$21,683$21,074$20,488$19,923$18,349
4 years$16,569$15,939$15,336$14,760$14,209$12,696
5 years$13,123$12,496$11,902$11,337$10,802$9,354
6 years$10,826$10,204$9,618$9,067$8,547$7,165
7 years$9,186$8,570$7,993$7,454$6,951$5,636
8 years$7,957$7,346$6,779$6,253$5,767$4,517
9 years$7,001$6,396$5,838$5,326$4,856$3,672
10 years$6,237$5,638$5,090$4,591$4,138$3,017
11 years$5,612$5,019$4,481$3,996$3,559$2,500
12 years$5,092$4,505$3,977$3,505$3,084$2,085
13 years$4,652$4,071$3,553$3,094$2,689$1,749
14 years$4,275$3,700$3,193$2,747$2,357$1,473
15 years$3,949$3,380$2,882$2,450$2,076$1,245
16 years$3,664$3,101$2,613$2,193$1,834$1,056
17 years$3,413$2,856$2,378$1,971$1,627$897
18 years$3,189$2,639$2,171$1,776$1,446$765
19 years$2,990$2,446$1,987$1,605$1,289$652
20 years$2,811$2,273$1,824$1,453$1,151$558
21 years$2,649$2,117$1,678$1,319$1,030$477
22 years$2,502$1,976$1,546$1,199$924$409
23 years$2,368$1,848$1,428$1,092$829$350
24 years$2,245$1,732$1,320$996$745$301
25 years$2,132$1,625$1,223$910$671$258
26 years$2,028$1,527$1,134$832$604$222
27 years$1,932$1,438$1,053$761$545$191
28 years$1,843$1,355$979$698$491$164
29 years$1,760$1,278$911$640$444$141
30 years$1,683$1,207$849$587$401$121
31 years$1,611$1,141$791$539$362$104
32 years$1,544$1,079$738$496$328$90
33 years$1,481$1,022$689$456$297$77
34 years$1,422$969$644$419$269$67
35 years$1,366$919$602$386$243$57
36 years$1,313$872$563$355$220$49
37 years$1,264$828$527$328$200$43
38 years$1,217$787$494$302$181$37
39 years$1,173$749$463$278$164$32
40 years$1,131$712$434$257$149$27
41 years$1,091$678$406$237$135$23
42 years$1,053$646$381$219$123$20
43 years$1,017$615$358$202$111$17
44 years$983$586$336$186$101$15
45 years$950$559$315$172$92$13
46 years$919$533$296$159$83$11
47 years$889$509$278$147$76$10
48 years$861$486$261$136$69$8
49 years$833$464$246$125$62$7
50 years$807$443$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $827,000, adding $4,404 every year, while hoping to spend $48,802 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: 52/23/25 Blend
62$827,000$827,000$827,000$827,000
63$915,897$872,066$859,247$956,927
64$957,393$862,872$836,107$976,613
65$1,001,487$851,592$810,556$992,676
66$1,048,391$838,072$782,462$1,009,156
67$1,098,338$822,150$751,686$1,026,111
68$1,151,586$803,652$718,085$1,043,610
69$1,208,413$782,396$681,506$1,061,729
70$1,269,126$758,189$641,791$1,080,557
71$1,334,062$730,825$598,776$1,100,195
72$1,403,589$700,088$552,288$1,120,757
73$1,478,112$665,749$502,146$1,142,374
74$1,558,073$627,565$448,162$1,165,191
75$1,643,961$585,280$390,140$1,189,377
76$1,736,308$538,622$327,873$1,215,117
77$1,835,701$487,304$261,147$1,242,624
78$1,942,785$431,024$189,737$1,272,136
79$2,058,267$369,462$113,411$1,303,921
80$2,182,923$302,278$31,923$1,338,280
81$2,317,607$229,116$0$1,375,549
82$2,463,258$149,598$0$1,430,788
83$2,620,907$63,325$0$1,499,782
84$2,791,687$0$0$1,574,552
85$2,976,846$0$0$1,663,330
86$3,177,754$0$0$1,777,118
87$3,395,919$0$0$1,900,754
88$3,632,998$0$0$2,035,185
89$3,890,816$0$0$2,181,455
90$4,171,380$0$0$2,340,713
91$4,476,899$0$0$2,514,223
92$4,809,801$0$0$2,703,376
93$5,172,762$0$0$2,909,703
94$5,568,724$0$0$3,134,888
95$6,000,926$0$0$3,380,787
96$6,472,936$0$0$3,649,441
97$6,988,678$0$0$3,943,097
98$7,552,474$0$0$4,264,231
99$8,169,082$0$0$4,615,568
100$8,843,741$0$0$5,000,107