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%14.6%
1 years$66,228$65,638$65,063$64,501$63,953$62,738
2 years$32,786$32,176$31,584$31,010$30,454$29,235
3 years$21,640$21,027$20,437$19,869$19,321$18,136
4 years$16,069$15,457$14,873$14,314$13,780$12,638
5 years$12,726$12,119$11,542$10,995$10,475$9,379
6 years$10,499$9,896$9,328$8,792$8,289$7,240
7 years$8,909$8,310$7,751$7,229$6,741$5,739
8 years$7,716$7,124$6,574$6,064$5,592$4,638
9 years$6,789$6,202$5,662$5,165$4,710$3,802
10 years$6,048$5,467$4,936$4,452$4,013$3,151
11 years$5,443$4,867$4,346$3,875$3,451$2,634
12 years$4,938$4,368$3,857$3,399$2,991$2,217
13 years$4,511$3,948$3,446$3,001$2,608$1,877
14 years$4,146$3,588$3,096$2,664$2,286$1,596
15 years$3,830$3,278$2,795$2,376$2,013$1,363
16 years$3,553$3,008$2,534$2,127$1,779$1,167
17 years$3,309$2,770$2,306$1,911$1,577$1,002
18 years$3,093$2,559$2,105$1,722$1,402$862
19 years$2,900$2,372$1,927$1,556$1,250$743
20 years$2,726$2,204$1,769$1,409$1,117$642
21 years$2,569$2,053$1,627$1,279$999$555
22 years$2,426$1,917$1,499$1,163$896$481
23 years$2,296$1,793$1,384$1,059$804$417
24 years$2,177$1,679$1,280$966$723$362
25 years$2,068$1,576$1,186$882$650$314
26 years$1,967$1,481$1,100$807$586$273
27 years$1,874$1,394$1,021$738$528$237
28 years$1,787$1,314$949$677$477$206
29 years$1,707$1,239$884$620$430$179
30 years$1,633$1,170$823$569$389$156
31 years$1,563$1,106$767$523$351$136
32 years$1,497$1,047$716$481$318$118
33 years$1,436$991$668$442$288$103
34 years$1,379$940$625$407$261$90
35 years$1,325$891$584$374$236$78
36 years$1,274$846$546$345$214$68
37 years$1,226$803$511$318$194$60
38 years$1,180$764$479$293$176$52
39 years$1,137$726$449$270$159$45
40 years$1,096$691$420$249$144$39
41 years$1,058$658$394$230$131$34
42 years$1,021$626$370$212$119$30
43 years$986$597$347$196$108$26
44 years$953$569$326$181$98$23
45 years$921$542$306$167$89$20
46 years$891$517$287$154$81$17
47 years$862$494$270$142$73$15
48 years$835$471$254$132$67$13
49 years$808$450$238$122$60$12
50 years$783$430$224$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $802,000, adding $6,285 every year, while hoping to spend $26,639 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: 54/31/15 Blend
62$802,000$802,000$802,000$802,000
63$890,287$847,781$835,350$934,494
64$952,753$860,979$834,991$978,524
65$1,020,697$873,930$833,726$1,023,039
66$1,094,650$886,595$831,499$1,070,890
67$1,175,197$898,931$828,246$1,122,401
68$1,262,980$910,891$823,905$1,177,929
69$1,358,706$922,427$818,408$1,237,869
70$1,463,153$933,485$811,684$1,302,655
71$1,577,179$944,010$803,659$1,372,769
72$1,701,726$953,941$794,257$1,448,740
73$1,837,832$963,214$783,395$1,531,152
74$1,986,641$971,762$770,988$1,620,650
75$2,149,411$979,511$756,949$1,717,947
76$2,327,528$986,384$741,184$1,823,826
77$2,522,517$992,298$723,595$1,939,154
78$2,736,059$997,165$704,080$2,064,887
79$2,970,004$1,000,894$682,534$2,202,079
80$3,226,390$1,003,383$658,844$2,351,893
81$3,507,460$1,004,527$632,894$2,515,612
82$3,815,687$1,004,215$604,562$2,694,652
83$4,153,793$1,002,327$573,721$2,890,574
84$4,524,776$998,738$540,237$3,105,102
85$4,931,940$993,312$503,971$3,340,135
86$5,378,921$985,908$464,777$3,597,770
87$5,869,729$976,375$422,505$3,880,319
88$6,408,776$964,552$376,994$4,190,333
89$7,000,927$950,271$328,079$4,530,625
90$7,651,539$933,352$275,587$4,904,297
91$8,366,513$913,603$219,336$5,314,772
92$9,152,352$890,825$159,139$5,765,825
93$10,016,219$864,802$94,797$6,261,619
94$10,966,006$835,310$26,105$6,806,743
95$12,010,407$802,108$0$7,406,263
96$13,159,002$764,945$0$8,073,315
97$14,422,345$723,552$0$8,811,452
98$15,812,064$677,646$0$9,623,320
99$17,340,972$626,928$0$10,516,445
100$19,023,185$571,081$0$11,499,125