Can I retire at age 63 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$66,972$66,375$65,793$65,225$64,670$63,442
2 years$33,154$32,537$31,938$31,358$30,795$29,563
3 years$21,883$21,263$20,666$20,091$19,538$18,340
4 years$16,249$15,631$15,040$14,475$13,935$12,780
5 years$12,869$12,255$11,671$11,118$10,593$9,484
6 years$10,617$10,007$9,432$8,891$8,382$7,321
7 years$9,008$8,404$7,838$7,310$6,817$5,804
8 years$7,803$7,204$6,647$6,132$5,655$4,690
9 years$6,866$6,272$5,725$5,223$4,762$3,845
10 years$6,116$5,528$4,992$4,502$4,058$3,186
11 years$5,504$4,922$4,395$3,918$3,490$2,664
12 years$4,993$4,417$3,900$3,437$3,024$2,242
13 years$4,562$3,992$3,484$3,034$2,637$1,898
14 years$4,193$3,629$3,131$2,694$2,312$1,614
15 years$3,873$3,315$2,827$2,402$2,035$1,378
16 years$3,593$3,041$2,563$2,151$1,799$1,180
17 years$3,347$2,801$2,332$1,933$1,595$1,013
18 years$3,128$2,588$2,129$1,742$1,418$872
19 years$2,932$2,399$1,949$1,574$1,264$752
20 years$2,756$2,229$1,789$1,425$1,129$649
21 years$2,597$2,076$1,645$1,294$1,010$562
22 years$2,453$1,938$1,516$1,176$906$486
23 years$2,322$1,813$1,400$1,071$813$422
24 years$2,201$1,698$1,295$977$731$366
25 years$2,091$1,594$1,199$892$658$318
26 years$1,989$1,498$1,112$816$592$276
27 years$1,895$1,410$1,033$747$534$240
28 years$1,808$1,328$960$684$482$209
29 years$1,726$1,253$893$627$435$181
30 years$1,651$1,183$832$576$393$158
31 years$1,580$1,119$776$529$355$138
32 years$1,514$1,059$724$486$322$120
33 years$1,452$1,003$676$447$291$104
34 years$1,394$950$632$411$263$91
35 years$1,340$901$590$379$239$79
36 years$1,288$855$552$349$216$69
37 years$1,239$812$517$321$196$60
38 years$1,193$772$484$296$178$53
39 years$1,150$734$454$273$161$46
40 years$1,109$698$425$252$146$40
41 years$1,070$665$399$232$133$35
42 years$1,033$633$374$214$120$30
43 years$997$603$351$198$109$26
44 years$964$575$329$183$99$23
45 years$932$548$309$169$90$20
46 years$901$523$290$156$82$18
47 years$872$499$273$144$74$15
48 years$844$477$256$133$67$13
49 years$817$455$241$123$61$12
50 years$792$435$227$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $811,000, adding $4,155 every year, while hoping to spend $45,585 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: 50/26/24 Blend
62$811,000$811,000$811,000$811,000
63$898,008$855,025$842,454$936,657
64$941,103$848,419$822,175$957,359
65$987,065$839,962$799,687$974,910
66$1,036,140$829,514$774,871$993,058
67$1,088,595$816,929$747,598$1,011,880
68$1,144,723$802,050$717,734$1,031,462
69$1,204,847$784,713$685,140$1,051,901
70$1,269,320$764,742$649,671$1,073,309
71$1,338,528$741,952$611,173$1,095,810
72$1,412,898$716,147$569,486$1,119,546
73$1,492,895$687,120$524,446$1,144,676
74$1,579,032$654,650$475,876$1,171,379
75$1,671,871$618,506$423,597$1,199,858
76$1,772,031$578,443$367,416$1,230,339
77$1,880,191$534,199$307,138$1,263,076
78$1,997,097$485,501$242,553$1,298,353
79$2,123,569$432,058$173,446$1,336,491
80$2,260,508$373,564$99,592$1,377,847
81$2,408,905$309,694$20,753$1,422,819
82$2,569,850$240,106$0$1,471,854
83$2,744,542$164,438$0$1,541,680
84$2,934,298$82,308$0$1,623,350
85$3,140,568$0$0$1,712,232
86$3,364,947$0$0$1,811,001
87$3,609,191$0$0$1,944,221
88$3,875,229$0$0$2,089,409
89$4,165,187$0$0$2,247,732
90$4,481,404$0$0$2,420,477
91$4,826,452$0$0$2,609,063
92$5,203,166$0$0$2,815,047
93$5,614,664$0$0$3,040,147
94$6,064,378$0$0$3,286,254
95$6,556,090$0$0$3,555,448
96$7,093,961$0$0$3,850,021
97$7,682,572$0$0$4,172,495
98$8,326,971$0$0$4,525,649
99$9,032,712$0$0$4,912,544
100$9,805,915$0$0$5,336,548