Can I retire at age 63 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$68,128$67,521$66,929$66,351$65,787$65,046
2 years$33,727$33,098$32,490$31,899$31,327$30,581
3 years$22,261$21,630$21,023$20,438$19,875$19,147
4 years$16,529$15,900$15,299$14,725$14,175$13,471
5 years$13,091$12,466$11,873$11,310$10,776$10,097
6 years$10,800$10,180$9,595$9,045$8,526$7,875
7 years$9,164$8,549$7,974$7,436$6,934$6,310
8 years$7,938$7,328$6,762$6,238$5,753$5,155
9 years$6,984$6,380$5,824$5,313$4,845$4,274
10 years$6,222$5,624$5,078$4,580$4,128$3,583
11 years$5,599$5,007$4,470$3,986$3,550$3,031
12 years$5,080$4,494$3,967$3,496$3,076$2,583
13 years$4,641$4,061$3,545$3,087$2,683$2,214
14 years$4,265$3,691$3,185$2,740$2,352$1,907
15 years$3,940$3,372$2,875$2,444$2,071$1,649
16 years$3,655$3,094$2,607$2,188$1,830$1,431
17 years$3,404$2,849$2,372$1,966$1,623$1,245
18 years$3,182$2,633$2,166$1,772$1,443$1,087
19 years$2,983$2,440$1,982$1,601$1,286$950
20 years$2,804$2,267$1,819$1,450$1,149$832
21 years$2,642$2,112$1,674$1,316$1,028$730
22 years$2,496$1,972$1,542$1,196$921$641
23 years$2,362$1,844$1,424$1,090$827$564
24 years$2,239$1,728$1,317$994$743$497
25 years$2,127$1,621$1,220$908$669$438
26 years$2,023$1,524$1,131$830$603$386
27 years$1,928$1,434$1,051$760$543$341
28 years$1,839$1,351$977$696$490$301
29 years$1,756$1,275$909$638$443$266
30 years$1,679$1,204$847$586$400$235
31 years$1,608$1,138$789$538$362$208
32 years$1,540$1,077$736$494$327$184
33 years$1,477$1,020$688$455$296$163
34 years$1,418$967$642$418$268$144
35 years$1,363$917$601$385$243$128
36 years$1,310$870$562$355$220$113
37 years$1,261$826$526$327$199$100
38 years$1,214$785$492$301$181$89
39 years$1,170$747$461$278$164$79
40 years$1,128$711$432$256$149$70
41 years$1,088$676$406$236$135$62
42 years$1,050$644$380$218$122$55
43 years$1,014$614$357$201$111$49
44 years$980$585$335$186$101$43
45 years$948$558$315$172$92$38
46 years$917$532$295$159$83$34
47 years$887$508$278$147$75$30
48 years$859$485$261$135$69$27
49 years$831$463$245$125$62$24
50 years$805$442$231$116$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $825,000, adding $6,289 every year, while hoping to spend $56,139 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: 54/35/11 Blend
62$825,000$825,000$825,000$825,000
63$915,637$871,912$859,125$962,177
64$949,301$854,904$828,174$977,473
65$984,516$835,182$794,305$987,481
66$1,021,383$812,552$757,360$997,058
67$1,060,008$786,811$717,176$1,006,176
68$1,100,509$757,744$673,580$1,014,806
69$1,143,010$725,123$626,395$1,022,918
70$1,187,649$688,706$575,431$1,030,484
71$1,234,574$648,238$520,493$1,037,477
72$1,283,949$603,449$461,378$1,043,872
73$1,335,948$554,055$397,871$1,049,644
74$1,390,764$499,753$329,748$1,054,771
75$1,448,606$440,224$256,778$1,059,235
76$1,509,700$375,132$178,718$1,063,019
77$1,574,297$304,121$95,312$1,066,112
78$1,642,666$226,814$6,296$1,068,508
79$1,715,105$142,814$0$1,070,206
80$1,791,936$51,703$0$1,081,623
81$1,873,514$0$0$1,093,826
82$1,960,225$0$0$1,124,222
83$2,052,492$0$0$1,177,797
84$2,150,778$0$0$1,234,911
85$2,255,591$0$0$1,295,867
86$2,367,486$0$0$1,360,992
87$2,487,072$0$0$1,430,648
88$2,615,016$0$0$1,505,230
89$2,752,049$0$0$1,585,172
90$2,898,975$0$0$1,670,950
91$3,056,672$0$0$1,763,086
92$3,226,108$0$0$1,862,154
93$3,408,342$0$0$1,968,782
94$3,604,539$0$0$2,083,663
95$3,815,978$0$0$2,207,554
96$4,044,062$0$0$2,341,289
97$4,290,334$0$0$2,485,786
98$4,556,491$0$0$2,642,050
99$4,844,394$0$0$2,811,188
100$5,156,093$0$0$2,994,418