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%11.9%
1 years$68,128$67,521$66,929$66,351$65,787$65,263
2 years$33,727$33,098$32,490$31,899$31,327$30,799
3 years$22,261$21,630$21,023$20,438$19,875$19,359
4 years$16,529$15,900$15,299$14,725$14,175$13,675
5 years$13,091$12,466$11,873$11,310$10,776$10,293
6 years$10,800$10,180$9,595$9,045$8,526$8,062
7 years$9,164$8,549$7,974$7,436$6,934$6,489
8 years$7,938$7,328$6,762$6,238$5,753$5,325
9 years$6,984$6,380$5,824$5,313$4,845$4,436
10 years$6,222$5,624$5,078$4,580$4,128$3,737
11 years$5,599$5,007$4,470$3,986$3,550$3,177
12 years$5,080$4,494$3,967$3,496$3,076$2,721
13 years$4,641$4,061$3,545$3,087$2,683$2,344
14 years$4,265$3,691$3,185$2,740$2,352$2,030
15 years$3,940$3,372$2,875$2,444$2,071$1,765
16 years$3,655$3,094$2,607$2,188$1,830$1,540
17 years$3,404$2,849$2,372$1,966$1,623$1,348
18 years$3,182$2,633$2,166$1,772$1,443$1,183
19 years$2,983$2,440$1,982$1,601$1,286$1,040
20 years$2,804$2,267$1,819$1,450$1,149$916
21 years$2,642$2,112$1,674$1,316$1,028$809
22 years$2,496$1,972$1,542$1,196$921$715
23 years$2,362$1,844$1,424$1,090$827$633
24 years$2,239$1,728$1,317$994$743$560
25 years$2,127$1,621$1,220$908$669$497
26 years$2,023$1,524$1,131$830$603$441
27 years$1,928$1,434$1,051$760$543$392
28 years$1,839$1,351$977$696$490$348
29 years$1,756$1,275$909$638$443$310
30 years$1,679$1,204$847$586$400$276
31 years$1,608$1,138$789$538$362$245
32 years$1,540$1,077$736$494$327$219
33 years$1,477$1,020$688$455$296$195
34 years$1,418$967$642$418$268$174
35 years$1,363$917$601$385$243$155
36 years$1,310$870$562$355$220$138
37 years$1,261$826$526$327$199$123
38 years$1,214$785$492$301$181$110
39 years$1,170$747$461$278$164$98
40 years$1,128$711$432$256$149$87
41 years$1,088$676$406$236$135$78
42 years$1,050$644$380$218$122$70
43 years$1,014$614$357$201$111$62
44 years$980$585$335$186$101$56
45 years$948$558$315$172$92$50
46 years$917$532$295$159$83$44
47 years$887$508$278$147$75$40
48 years$859$485$261$135$69$35
49 years$831$463$245$125$62$32
50 years$805$442$231$116$57$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $825,000, adding $2,098 every year, while hoping to spend $44,281 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: 46/27/27 Blend
62$825,000$825,000$825,000$825,000
63$911,314$867,589$854,802$946,069
64$957,153$862,986$836,323$966,256
65$1,006,184$856,674$815,741$983,682
66$1,058,686$848,521$792,939$1,001,730
67$1,114,963$838,390$767,793$1,020,481
68$1,175,352$826,134$740,177$1,040,028
69$1,240,220$811,597$709,955$1,060,477
70$1,309,971$794,614$676,988$1,081,946
71$1,385,050$775,012$641,129$1,104,571
72$1,465,943$752,605$602,224$1,128,502
73$1,553,185$727,198$560,114$1,153,912
74$1,647,363$698,585$514,632$1,180,993
75$1,749,124$666,545$465,602$1,209,961
76$1,859,177$630,849$412,842$1,241,061
77$1,978,303$591,249$356,161$1,274,565
78$2,107,358$547,489$295,361$1,310,779
79$2,247,285$499,293$230,232$1,350,045
80$2,399,122$446,372$160,559$1,392,747
81$2,564,008$388,420$86,114$1,439,312
82$2,743,199$325,114$6,660$1,490,221
83$2,938,073$256,113$0$1,546,005
84$3,150,149$181,055$0$1,629,770
85$3,381,098$99,560$0$1,723,181
86$3,632,756$11,225$0$1,825,135
87$3,907,147$0$0$1,936,537
88$4,206,498$0$0$2,083,455
89$4,533,258$0$0$2,247,556
90$4,890,125$0$0$2,426,870
91$5,280,069$0$0$2,622,901
92$5,706,358$0$0$2,837,305
93$6,172,592$0$0$3,071,904
94$6,682,734$0$0$3,328,707
95$7,241,146$0$0$3,609,922
96$7,852,636$0$0$3,917,984
97$8,522,493$0$0$4,255,574
98$9,256,546$0$0$4,625,644
99$10,061,212$0$0$5,031,444
100$10,943,560$0$0$5,476,557