Can I retire at age 63 with 828,000?

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 $828,000?

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$68,375$67,766$67,172$66,592$66,026$63,406
2 years$33,849$33,219$32,608$32,015$31,441$28,834
3 years$22,342$21,709$21,099$20,513$19,947$17,436
4 years$16,590$15,958$15,355$14,778$14,227$11,829
5 years$13,139$12,512$11,916$11,351$10,815$8,537
6 years$10,839$10,217$9,630$9,078$8,557$6,401
7 years$9,197$8,580$8,003$7,463$6,959$4,924
8 years$7,966$7,355$6,787$6,261$5,774$3,857
9 years$7,010$6,403$5,845$5,333$4,862$3,062
10 years$6,244$5,644$5,096$4,597$4,143$2,455
11 years$5,619$5,025$4,487$4,001$3,563$1,983
12 years$5,098$4,510$3,982$3,509$3,088$1,612
13 years$4,658$4,076$3,557$3,098$2,692$1,317
14 years$4,280$3,705$3,196$2,750$2,360$1,079
15 years$3,954$3,384$2,886$2,453$2,078$888
16 years$3,668$3,105$2,617$2,196$1,837$732
17 years$3,417$2,860$2,381$1,973$1,628$604
18 years$3,193$2,642$2,173$1,778$1,448$500
19 years$2,994$2,449$1,990$1,607$1,291$414
20 years$2,814$2,276$1,826$1,455$1,153$344
21 years$2,652$2,120$1,680$1,321$1,032$285
22 years$2,505$1,979$1,548$1,201$925$237
23 years$2,370$1,851$1,429$1,094$830$197
24 years$2,248$1,734$1,322$997$746$164
25 years$2,135$1,627$1,224$911$671$137
26 years$2,031$1,529$1,136$833$605$114
27 years$1,935$1,439$1,054$762$545$95
28 years$1,845$1,356$980$698$492$79
29 years$1,763$1,279$912$641$444$66
30 years$1,685$1,208$850$588$401$55
31 years$1,613$1,142$792$540$363$46
32 years$1,546$1,081$739$496$328$38
33 years$1,483$1,024$690$456$297$32
34 years$1,423$970$645$420$269$26
35 years$1,368$920$603$386$244$22
36 years$1,315$873$564$356$221$18
37 years$1,265$829$528$328$200$15
38 years$1,218$788$494$302$181$13
39 years$1,174$750$463$279$164$11
40 years$1,132$713$434$257$149$9
41 years$1,092$679$407$237$135$7
42 years$1,054$647$382$219$123$6
43 years$1,018$616$358$202$111$5
44 years$984$587$336$187$101$4
45 years$951$560$316$172$92$4
46 years$920$534$297$159$83$3
47 years$890$510$279$147$76$2
48 years$862$487$262$136$69$2
49 years$834$465$246$126$62$2
50 years$808$444$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 $828,000, adding $3,693 every year, while hoping to spend $23,284 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: 55/20/25 Blend
62$828,000$828,000$828,000$828,000
63$916,265$872,381$859,547$960,177
64$984,950$890,354$863,568$1,008,739
65$1,059,861$908,427$866,943$1,058,864
66$1,141,607$926,581$869,627$1,112,972
67$1,230,862$944,793$871,569$1,171,454
68$1,328,364$963,042$872,721$1,234,740
69$1,434,927$981,302$873,027$1,303,304
70$1,551,449$999,544$872,433$1,377,669
71$1,678,916$1,017,741$870,879$1,458,412
72$1,818,415$1,035,860$868,303$1,546,170
73$1,971,142$1,053,867$864,640$1,641,644
74$2,138,416$1,071,724$859,823$1,745,608
75$2,321,689$1,089,392$853,781$1,858,914
76$2,522,557$1,106,828$846,439$1,982,503
77$2,742,781$1,123,987$837,718$2,117,411
78$2,984,301$1,140,818$827,538$2,264,784
79$3,249,251$1,157,269$815,811$2,425,881
80$3,539,983$1,173,284$802,449$2,602,094
81$3,859,088$1,188,801$787,358$2,794,955
82$4,209,419$1,203,757$770,439$3,006,155
83$4,594,121$1,218,082$751,590$3,237,559
84$5,016,655$1,231,702$730,702$3,491,222
85$5,480,837$1,244,538$707,663$3,769,411
86$5,990,868$1,256,507$682,356$4,074,625
87$6,551,379$1,267,518$654,657$4,409,618
88$7,167,469$1,277,476$624,438$4,777,430
89$7,844,758$1,286,279$591,563$5,181,410
90$8,589,435$1,293,819$555,893$5,625,250
91$9,408,322$1,299,980$517,280$6,113,023
92$10,308,933$1,304,641$475,570$6,649,219
93$11,299,546$1,307,670$430,604$7,238,785
94$12,389,283$1,308,930$382,213$7,887,178
95$13,588,195$1,308,272$330,222$8,600,414
96$14,907,355$1,305,541$274,448$9,385,125
97$16,358,963$1,300,572$214,701$10,248,622
98$17,956,465$1,293,186$150,780$11,198,963
99$19,714,671$1,283,199$82,478$12,245,036
100$21,649,903$1,270,412$9,577$13,396,633