Can I retire at age 63 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$67,302$66,702$66,118$65,547$64,989$64,661
2 years$33,318$32,697$32,096$31,513$30,947$30,616
3 years$21,991$21,368$20,768$20,191$19,634$19,310
4 years$16,329$15,708$15,114$14,546$14,003$13,689
5 years$12,933$12,315$11,729$11,173$10,645$10,341
6 years$10,669$10,056$9,479$8,935$8,423$8,130
7 years$9,053$8,445$7,877$7,346$6,850$6,569
8 years$7,841$7,239$6,680$6,162$5,683$5,413
9 years$6,899$6,303$5,754$5,249$4,786$4,527
10 years$6,146$5,556$5,016$4,525$4,078$3,830
11 years$5,531$4,946$4,416$3,938$3,507$3,270
12 years$5,018$4,439$3,919$3,454$3,039$2,813
13 years$4,584$4,012$3,502$3,049$2,650$2,434
14 years$4,213$3,647$3,146$2,707$2,323$2,117
15 years$3,892$3,331$2,841$2,414$2,045$1,850
16 years$3,611$3,056$2,575$2,162$1,808$1,622
17 years$3,363$2,815$2,344$1,942$1,603$1,426
18 years$3,143$2,601$2,139$1,750$1,425$1,258
19 years$2,947$2,411$1,958$1,581$1,270$1,111
20 years$2,770$2,240$1,797$1,432$1,135$984
21 years$2,610$2,086$1,653$1,300$1,015$873
22 years$2,465$1,948$1,524$1,182$910$776
23 years$2,333$1,822$1,407$1,076$817$690
24 years$2,212$1,707$1,301$982$734$615
25 years$2,101$1,602$1,205$897$661$548
26 years$1,999$1,505$1,118$820$595$489
27 years$1,904$1,417$1,038$750$537$437
28 years$1,816$1,335$965$688$484$391
29 years$1,735$1,259$898$630$437$349
30 years$1,659$1,189$836$579$395$313
31 years$1,588$1,124$780$531$357$280
32 years$1,522$1,064$727$488$323$251
33 years$1,460$1,007$679$449$292$225
34 years$1,401$955$635$413$265$201
35 years$1,346$906$593$380$240$181
36 years$1,294$860$555$350$217$162
37 years$1,246$816$520$323$197$145
38 years$1,199$776$487$298$179$131
39 years$1,156$738$456$274$162$117
40 years$1,114$702$427$253$147$105
41 years$1,075$668$401$233$133$94
42 years$1,038$636$376$215$121$85
43 years$1,002$606$353$199$110$76
44 years$968$578$331$184$100$68
45 years$936$551$311$170$90$61
46 years$905$526$292$157$82$55
47 years$876$502$274$145$75$50
48 years$848$479$258$134$68$45
49 years$821$457$242$124$61$40
50 years$796$437$228$114$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $815,000, adding $4,125 every year, while hoping to spend $49,700 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: 65/18/17 Blend
62$815,000$815,000$815,000$815,000
63$902,385$859,190$846,557$957,003
64$941,548$848,410$822,037$983,329
65$983,040$835,436$795,029$1,005,989
66$1,027,045$820,108$765,398$1,029,549
67$1,073,767$802,256$733,002$1,054,096
68$1,123,427$781,702$697,693$1,079,731
69$1,176,265$758,255$659,315$1,106,561
70$1,232,549$731,714$617,706$1,134,712
71$1,292,567$701,866$572,697$1,164,322
72$1,356,637$668,485$524,111$1,195,543
73$1,425,107$631,334$471,762$1,228,549
74$1,498,359$590,161$415,457$1,263,530
75$1,576,812$544,699$354,995$1,300,702
76$1,660,924$494,666$290,165$1,340,303
77$1,751,198$439,765$220,745$1,382,599
78$1,848,188$379,681$146,508$1,427,886
79$1,952,499$314,081$67,211$1,476,493
80$2,064,797$242,615$0$1,528,788
81$2,185,814$164,910$0$1,588,336
82$2,316,352$80,576$0$1,665,649
83$2,457,294$0$0$1,749,076
84$2,609,610$0$0$1,841,368
85$2,774,364$0$0$1,958,503
86$2,952,729$0$0$2,085,359
87$3,145,991$0$0$2,222,857
88$3,355,566$0$0$2,372,012
89$3,583,012$0$0$2,533,936
90$3,830,040$0$0$2,709,856
91$4,098,534$0$0$2,901,120
92$4,390,566$0$0$3,109,211
93$4,708,416$0$0$3,335,761
94$5,054,592$0$0$3,582,565
95$5,431,855$0$0$3,851,600
96$5,843,241$0$0$4,145,040
97$6,292,095$0$0$4,465,280
98$6,782,097$0$0$4,814,953
99$7,317,298$0$0$5,196,960
100$7,902,156$0$0$5,614,496