Can I retire at age 63 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$66,228$65,638$65,063$64,501$63,953$62,534
2 years$32,786$32,176$31,584$31,010$30,454$29,031
3 years$21,640$21,027$20,437$19,869$19,321$17,940
4 years$16,069$15,457$14,873$14,314$13,780$12,451
5 years$12,726$12,119$11,542$10,995$10,475$9,202
6 years$10,499$9,896$9,328$8,792$8,289$7,072
7 years$8,909$8,310$7,751$7,229$6,741$5,581
8 years$7,716$7,124$6,574$6,064$5,592$4,489
9 years$6,789$6,202$5,662$5,165$4,710$3,662
10 years$6,048$5,467$4,936$4,452$4,013$3,020
11 years$5,443$4,867$4,346$3,875$3,451$2,512
12 years$4,938$4,368$3,857$3,399$2,991$2,104
13 years$4,511$3,948$3,446$3,001$2,608$1,771
14 years$4,146$3,588$3,096$2,664$2,286$1,498
15 years$3,830$3,278$2,795$2,376$2,013$1,272
16 years$3,553$3,008$2,534$2,127$1,779$1,083
17 years$3,309$2,770$2,306$1,911$1,577$925
18 years$3,093$2,559$2,105$1,722$1,402$791
19 years$2,900$2,372$1,927$1,556$1,250$678
20 years$2,726$2,204$1,769$1,409$1,117$582
21 years$2,569$2,053$1,627$1,279$999$500
22 years$2,426$1,917$1,499$1,163$896$431
23 years$2,296$1,793$1,384$1,059$804$371
24 years$2,177$1,679$1,280$966$723$320
25 years$2,068$1,576$1,186$882$650$276
26 years$1,967$1,481$1,100$807$586$238
27 years$1,874$1,394$1,021$738$528$206
28 years$1,787$1,314$949$677$477$178
29 years$1,707$1,239$884$620$430$154
30 years$1,633$1,170$823$569$389$133
31 years$1,563$1,106$767$523$351$115
32 years$1,497$1,047$716$481$318$99
33 years$1,436$991$668$442$288$86
34 years$1,379$940$625$407$261$74
35 years$1,325$891$584$374$236$64
36 years$1,274$846$546$345$214$56
37 years$1,226$803$511$318$194$48
38 years$1,180$764$479$293$176$42
39 years$1,137$726$449$270$159$36
40 years$1,096$691$420$249$144$31
41 years$1,058$658$394$230$131$27
42 years$1,021$626$370$212$119$24
43 years$986$597$347$196$108$20
44 years$953$569$326$181$98$18
45 years$921$542$306$167$89$15
46 years$891$517$287$154$81$13
47 years$862$494$270$142$73$11
48 years$835$471$254$132$67$10
49 years$808$450$238$122$60$9
50 years$783$430$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $802,000, adding $4,603 every year, while hoping to spend $44,525 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: 52/31/17 Blend
62$802,000$802,000$802,000$802,000
63$888,552$846,046$833,615$930,413
64$931,810$840,128$814,167$953,713
65$977,988$832,428$792,575$973,987
66$1,027,337$822,811$768,720$995,062
67$1,080,132$811,135$742,479$1,017,025
68$1,136,674$797,249$713,720$1,039,979
69$1,197,294$780,994$682,309$1,064,036
70$1,262,354$762,199$648,103$1,089,326
71$1,332,254$740,686$610,954$1,115,991
72$1,407,428$716,264$570,706$1,144,193
73$1,488,359$688,734$527,197$1,174,114
74$1,575,571$657,881$480,257$1,205,956
75$1,669,644$623,482$429,711$1,239,947
76$1,771,213$585,299$375,372$1,276,341
77$1,880,977$543,079$317,048$1,315,424
78$1,999,704$496,557$254,536$1,357,513
79$2,128,238$445,452$187,626$1,402,964
80$2,267,506$389,466$116,099$1,452,172
81$2,418,527$328,286$39,725$1,505,581
82$2,582,425$261,580$0$1,563,684
83$2,760,433$188,998$0$1,634,607
84$2,953,907$110,169$0$1,719,567
85$3,164,340$24,702$0$1,812,079
86$3,393,376$0$0$1,912,949
87$3,642,820$0$0$2,046,204
88$3,914,663$0$0$2,200,680
89$4,211,092$0$0$2,369,205
90$4,534,517$0$0$2,553,157
91$4,887,589$0$0$2,754,054
92$5,273,227$0$0$2,973,567
93$5,694,643$0$0$3,213,537
94$6,155,375$0$0$3,475,989
95$6,659,319$0$0$3,763,154
96$7,210,761$0$0$4,077,486
97$7,814,425$0$0$4,421,690
98$8,475,510$0$0$4,798,745
99$9,199,741$0$0$5,211,930
100$9,993,426$0$0$5,664,857