Can I retire at age 63 with 829,000?

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 $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 $4,210 every year, while hoping to spend $57,998 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: 35/36/29 Blend
62$829,000$829,000$829,000$829,000
63$917,901$873,964$861,114$941,893
64$949,817$855,078$828,252$941,387
65$983,045$833,324$792,345$935,348
66$1,017,657$808,499$753,230$927,726
67$1,053,732$780,388$710,737$918,419
68$1,091,353$748,767$664,687$907,321
69$1,130,610$713,396$614,893$894,320
70$1,171,602$674,022$561,162$879,300
71$1,214,433$630,378$503,289$862,140
72$1,259,218$582,179$441,062$842,714
73$1,306,080$529,128$374,259$820,890
74$1,355,152$470,907$302,649$796,530
75$1,406,579$407,183$225,989$769,491
76$1,460,518$337,602$144,027$739,626
77$1,517,137$261,791$56,498$706,779
78$1,576,623$179,357$0$670,792
79$1,639,176$89,882$0$642,918
80$1,705,013$0$0$630,966
81$1,774,374$0$0$620,150
82$1,847,515$0$0$646,338
83$1,924,720$0$0$674,029
84$2,006,296$0$0$703,340
85$2,092,578$0$0$734,399
86$2,183,933$0$0$767,344
87$2,280,760$0$0$802,328
88$2,383,496$0$0$839,516
89$2,492,620$0$0$879,091
90$2,608,653$0$0$921,253
91$2,732,168$0$0$966,218
92$2,863,791$0$0$1,014,226
93$3,004,207$0$0$1,065,539
94$3,154,167$0$0$1,120,443
95$3,314,494$0$0$1,179,254
96$3,486,090$0$0$1,242,315
97$3,669,945$0$0$1,310,007
98$3,867,144$0$0$1,382,743
99$4,078,878$0$0$1,460,981
100$4,306,453$0$0$1,545,221