Can I retire at age 63 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$68,458$67,848$67,253$66,673$66,106$63,811
2 years$33,890$33,259$32,647$32,054$31,479$29,191
3 years$22,369$21,735$21,125$20,537$19,971$17,762
4 years$16,610$15,978$15,374$14,796$14,244$12,129
5 years$13,155$12,527$11,930$11,365$10,828$8,814
6 years$10,852$10,229$9,642$9,089$8,568$6,657
7 years$9,208$8,590$8,012$7,472$6,968$5,159
8 years$7,976$7,363$6,795$6,268$5,781$4,072
9 years$7,018$6,411$5,853$5,339$4,868$3,258
10 years$6,252$5,651$5,102$4,602$4,148$2,634
11 years$5,626$5,031$4,492$4,005$3,567$2,146
12 years$5,104$4,515$3,987$3,513$3,091$1,760
13 years$4,663$4,081$3,562$3,102$2,696$1,450
14 years$4,286$3,709$3,200$2,753$2,363$1,200
15 years$3,959$3,388$2,889$2,456$2,081$996
16 years$3,673$3,109$2,620$2,199$1,839$829
17 years$3,421$2,863$2,384$1,975$1,630$691
18 years$3,197$2,646$2,176$1,780$1,450$577
19 years$2,997$2,452$1,992$1,609$1,292$483
20 years$2,818$2,278$1,828$1,457$1,154$405
21 years$2,655$2,122$1,682$1,322$1,033$340
22 years$2,508$1,981$1,550$1,202$926$285
23 years$2,373$1,853$1,431$1,095$831$239
24 years$2,250$1,736$1,323$999$747$201
25 years$2,137$1,629$1,226$912$672$169
26 years$2,033$1,531$1,137$834$605$142
27 years$1,937$1,441$1,056$763$546$120
28 years$1,848$1,358$981$699$493$101
29 years$1,765$1,281$913$641$445$85
30 years$1,687$1,210$851$589$402$72
31 years$1,615$1,144$793$541$363$60
32 years$1,548$1,082$740$497$329$51
33 years$1,485$1,025$691$457$297$43
34 years$1,425$971$646$420$269$36
35 years$1,369$921$604$387$244$30
36 years$1,317$874$565$356$221$26
37 years$1,267$830$528$328$200$22
38 years$1,220$789$495$303$182$18
39 years$1,176$750$464$279$165$15
40 years$1,133$714$435$257$149$13
41 years$1,093$680$407$237$136$11
42 years$1,055$647$382$219$123$9
43 years$1,019$617$359$202$112$8
44 years$985$588$337$187$101$7
45 years$952$561$316$173$92$6
46 years$921$535$297$159$83$5
47 years$891$510$279$147$76$4
48 years$863$487$262$136$69$3
49 years$835$465$246$126$63$3
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $829,000, adding $3,417 every year, while hoping to spend $43,572 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: 79/10/11 Blend
62$829,000$829,000$829,000$829,000
63$917,083$873,146$860,296$987,475
64$964,265$869,570$842,756$1,030,630
65$1,014,799$864,358$823,167$1,071,981
66$1,068,982$857,384$801,417$1,116,081
67$1,127,137$848,515$777,383$1,163,186
68$1,189,622$837,609$750,942$1,213,577
69$1,256,826$824,515$721,962$1,267,563
70$1,329,180$809,074$690,306$1,325,486
71$1,407,156$791,118$655,830$1,387,724
72$1,491,270$770,467$618,385$1,454,691
73$1,582,093$746,933$577,813$1,526,845
74$1,680,248$720,315$533,952$1,604,691
75$1,786,425$690,402$486,631$1,688,786
76$1,901,377$656,968$435,670$1,779,743
77$2,025,936$619,778$380,883$1,878,241
78$2,161,014$578,580$322,075$1,985,025
79$2,307,615$533,108$259,043$2,100,918
80$2,466,845$483,083$191,574$2,226,830
81$2,639,917$428,209$119,446$2,363,761
82$2,828,169$368,171$42,427$2,512,816
83$3,033,070$302,639$0$2,675,213
84$3,256,238$231,264$0$2,856,962
85$3,499,455$153,676$0$3,060,496
86$3,764,678$69,485$0$3,282,493
87$4,054,065$0$0$3,524,789
88$4,369,989$0$0$3,791,795
89$4,715,063$0$0$4,091,812
90$5,092,164$0$0$4,419,698
91$5,504,459$0$0$4,778,210
92$5,955,433$0$0$5,170,383
93$6,448,927$0$0$5,599,558
94$6,989,168$0$0$6,069,416
95$7,580,810$0$0$6,584,009
96$8,228,980$0$0$7,147,799
97$8,939,324$0$0$7,765,700
98$9,718,059$0$0$8,443,125
99$10,572,033$0$0$9,186,035
100$11,508,788$0$0$10,000,996