Can I retire at age 63 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$68,293$67,685$67,091$66,512$65,946$64,248
2 years$33,808$33,179$32,568$31,977$31,403$29,703
3 years$22,315$21,683$21,074$20,488$19,923$18,275
4 years$16,569$15,939$15,336$14,760$14,209$12,626
5 years$13,123$12,496$11,902$11,337$10,802$9,287
6 years$10,826$10,204$9,618$9,067$8,547$7,103
7 years$9,186$8,570$7,993$7,454$6,951$5,577
8 years$7,957$7,346$6,779$6,253$5,767$4,462
9 years$7,001$6,396$5,838$5,326$4,856$3,621
10 years$6,237$5,638$5,090$4,591$4,138$2,969
11 years$5,612$5,019$4,481$3,996$3,559$2,456
12 years$5,092$4,505$3,977$3,505$3,084$2,044
13 years$4,652$4,071$3,553$3,094$2,689$1,711
14 years$4,275$3,700$3,193$2,747$2,357$1,438
15 years$3,949$3,380$2,882$2,450$2,076$1,213
16 years$3,664$3,101$2,613$2,193$1,834$1,027
17 years$3,413$2,856$2,378$1,971$1,627$871
18 years$3,189$2,639$2,171$1,776$1,446$740
19 years$2,990$2,446$1,987$1,605$1,289$630
20 years$2,811$2,273$1,824$1,453$1,151$537
21 years$2,649$2,117$1,678$1,319$1,030$459
22 years$2,502$1,976$1,546$1,199$924$392
23 years$2,368$1,848$1,428$1,092$829$335
24 years$2,245$1,732$1,320$996$745$287
25 years$2,132$1,625$1,223$910$671$246
26 years$2,028$1,527$1,134$832$604$211
27 years$1,932$1,438$1,053$761$545$181
28 years$1,843$1,355$979$698$491$155
29 years$1,760$1,278$911$640$444$133
30 years$1,683$1,207$849$587$401$114
31 years$1,611$1,141$791$539$362$98
32 years$1,544$1,079$738$496$328$84
33 years$1,481$1,022$689$456$297$72
34 years$1,422$969$644$419$269$62
35 years$1,366$919$602$386$243$53
36 years$1,313$872$563$355$220$46
37 years$1,264$828$527$328$200$39
38 years$1,217$787$494$302$181$34
39 years$1,173$749$463$278$164$29
40 years$1,131$712$434$257$149$25
41 years$1,091$678$406$237$135$21
42 years$1,053$646$381$219$123$18
43 years$1,017$615$358$202$111$16
44 years$983$586$336$186$101$14
45 years$950$559$315$172$92$12
46 years$919$533$296$159$83$10
47 years$889$509$278$147$76$9
48 years$861$486$261$136$69$7
49 years$833$464$246$125$62$6
50 years$807$443$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $827,000, adding $2,152 every year, while hoping to spend $45,453 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: 26/49/25 Blend
62$827,000$827,000$827,000$827,000
63$913,574$869,743$856,924$930,091
64$958,397$863,999$837,270$937,882
65$1,006,268$856,449$815,433$942,166
66$1,057,451$846,959$791,294$945,808
67$1,112,234$835,383$764,725$948,785
68$1,170,932$821,567$735,594$951,073
69$1,233,894$805,350$703,762$952,655
70$1,301,498$786,560$669,086$953,511
71$1,374,163$765,013$631,412$953,630
72$1,452,347$740,519$590,584$953,004
73$1,536,554$712,871$546,436$951,628
74$1,627,336$681,855$498,795$949,505
75$1,725,300$647,242$447,480$946,646
76$1,831,114$608,790$392,304$943,070
77$1,945,510$566,244$333,069$938,803
78$2,069,295$519,333$269,570$933,884
79$2,203,355$467,771$201,592$928,367
80$2,348,662$411,258$128,911$922,316
81$2,506,289$349,473$51,293$915,814
82$2,677,413$282,079$0$908,962
83$2,863,330$208,721$0$910,296
84$3,065,463$129,022$0$926,698
85$3,285,382$42,586$0$944,714
86$3,524,810$0$0$964,624
87$3,785,646$0$0$1,014,247
88$4,069,978$0$0$1,093,495
89$4,380,106$0$0$1,180,065
90$4,718,558$0$0$1,274,679
91$5,088,121$0$0$1,378,131
92$5,491,860$0$0$1,491,299
93$5,933,150$0$0$1,615,148
94$6,415,706$0$0$1,750,738
95$6,943,621$0$0$1,899,240
96$7,521,398$0$0$2,061,942
97$8,153,999$0$0$2,240,263
98$8,846,886$0$0$2,435,764
99$9,606,075$0$0$2,650,167
100$10,438,190$0$0$2,885,366