Can I retire at age 63 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$68,375$67,766$67,172$66,592$66,026$65,473
2 years$33,849$33,219$32,608$32,015$31,441$30,883
3 years$22,342$21,709$21,099$20,513$19,947$19,403
4 years$16,590$15,958$15,355$14,778$14,227$13,699
5 years$13,139$12,512$11,916$11,351$10,815$10,306
6 years$10,839$10,217$9,630$9,078$8,557$8,068
7 years$9,197$8,580$8,003$7,463$6,959$6,490
8 years$7,966$7,355$6,787$6,261$5,774$5,323
9 years$7,010$6,403$5,845$5,333$4,862$4,431
10 years$6,244$5,644$5,096$4,597$4,143$3,731
11 years$5,619$5,025$4,487$4,001$3,563$3,170
12 years$5,098$4,510$3,982$3,509$3,088$2,713
13 years$4,658$4,076$3,557$3,098$2,692$2,336
14 years$4,280$3,705$3,196$2,750$2,360$2,021
15 years$3,954$3,384$2,886$2,453$2,078$1,756
16 years$3,668$3,105$2,617$2,196$1,837$1,531
17 years$3,417$2,860$2,381$1,973$1,628$1,339
18 years$3,193$2,642$2,173$1,778$1,448$1,174
19 years$2,994$2,449$1,990$1,607$1,291$1,032
20 years$2,814$2,276$1,826$1,455$1,153$909
21 years$2,652$2,120$1,680$1,321$1,032$801
22 years$2,505$1,979$1,548$1,201$925$708
23 years$2,370$1,851$1,429$1,094$830$626
24 years$2,248$1,734$1,322$997$746$554
25 years$2,135$1,627$1,224$911$671$491
26 years$2,031$1,529$1,136$833$605$436
27 years$1,935$1,439$1,054$762$545$387
28 years$1,845$1,356$980$698$492$343
29 years$1,763$1,279$912$641$444$305
30 years$1,685$1,208$850$588$401$271
31 years$1,613$1,142$792$540$363$241
32 years$1,546$1,081$739$496$328$215
33 years$1,483$1,024$690$456$297$191
34 years$1,423$970$645$420$269$170
35 years$1,368$920$603$386$244$152
36 years$1,315$873$564$356$221$135
37 years$1,265$829$528$328$200$120
38 years$1,218$788$494$302$181$107
39 years$1,174$750$463$279$164$96
40 years$1,132$713$434$257$149$85
41 years$1,092$679$407$237$135$76
42 years$1,054$647$382$219$123$68
43 years$1,018$616$358$202$111$61
44 years$984$587$336$187$101$54
45 years$951$560$316$172$92$48
46 years$920$534$297$159$83$43
47 years$890$510$279$147$76$38
48 years$862$487$262$136$69$34
49 years$834$465$246$126$62$31
50 years$808$444$231$116$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $828,000, adding $5,539 every year, while hoping to spend $41,977 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: 51/41/8 Blend
62$828,000$828,000$828,000$828,000
63$918,169$874,285$861,451$962,849
64$967,160$872,462$845,647$992,059
65$1,019,740$869,143$827,906$1,018,821
66$1,076,232$864,210$808,120$1,046,921
67$1,136,989$857,538$786,173$1,076,496
68$1,202,400$848,995$761,948$1,107,696
69$1,272,890$838,440$735,318$1,140,691
70$1,348,927$825,726$706,153$1,175,669
71$1,431,025$810,694$674,317$1,212,839
72$1,519,749$793,178$639,666$1,252,435
73$1,615,719$773,000$602,051$1,294,719
74$1,719,619$749,973$561,316$1,339,981
75$1,832,198$723,900$517,299$1,388,543
76$1,954,282$694,570$469,827$1,440,765
77$2,086,776$661,762$418,724$1,497,047
78$2,230,680$625,241$363,804$1,557,832
79$2,387,090$584,758$304,872$1,623,617
80$2,557,213$540,051$241,726$1,694,948
81$2,742,379$490,843$174,153$1,772,437
82$2,944,047$436,841$101,933$1,856,760
83$3,163,827$377,733$24,835$1,948,668
84$3,403,488$313,193$0$2,048,997
85$3,664,979$242,874$0$2,163,573
86$3,950,443$166,412$0$2,291,103
87$4,262,242$83,419$0$2,430,624
88$4,602,972$0$0$2,583,420
89$4,975,496$0$0$2,753,853
90$5,382,962$0$0$2,981,519
91$5,828,838$0$0$3,230,731
92$6,316,944$0$0$3,503,632
93$6,851,484$0$0$3,802,586
94$7,437,088$0$0$4,130,192
95$8,078,856$0$0$4,489,317
96$8,782,406$0$0$4,883,114
97$9,553,922$0$0$5,315,059
98$10,400,217$0$0$5,788,979
99$11,328,796$0$0$6,309,090
100$12,347,925$0$0$6,880,036