Can I retire at age 63 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$66,311$65,720$65,144$64,582$64,032$62,842
2 years$32,827$32,216$31,623$31,049$30,492$29,297
3 years$21,667$21,053$20,462$19,893$19,345$18,183
4 years$16,089$15,476$14,891$14,332$13,797$12,677
5 years$12,742$12,134$11,556$11,008$10,488$9,413
6 years$10,512$9,908$9,339$8,803$8,299$7,270
7 years$8,920$8,321$7,761$7,238$6,749$5,767
8 years$7,726$7,132$6,582$6,072$5,599$4,663
9 years$6,798$6,210$5,669$5,172$4,715$3,824
10 years$6,056$5,474$4,942$4,458$4,018$3,172
11 years$5,449$4,873$4,351$3,880$3,455$2,653
12 years$4,944$4,374$3,862$3,403$2,994$2,235
13 years$4,517$3,953$3,450$3,004$2,611$1,893
14 years$4,151$3,593$3,100$2,667$2,289$1,611
15 years$3,834$3,282$2,799$2,379$2,015$1,376
16 years$3,558$3,011$2,538$2,130$1,781$1,179
17 years$3,314$2,773$2,309$1,914$1,579$1,013
18 years$3,097$2,563$2,108$1,724$1,404$873
19 years$2,903$2,375$1,930$1,558$1,252$753
20 years$2,729$2,207$1,771$1,411$1,118$651
21 years$2,572$2,056$1,629$1,281$1,000$563
22 years$2,429$1,919$1,501$1,165$897$488
23 years$2,299$1,795$1,386$1,061$805$423
24 years$2,180$1,682$1,282$967$724$368
25 years$2,070$1,578$1,187$883$651$319
26 years$1,969$1,483$1,101$808$586$278
27 years$1,876$1,396$1,023$739$529$242
28 years$1,790$1,315$951$677$477$210
29 years$1,709$1,241$885$621$431$183
30 years$1,635$1,172$824$570$389$160
31 years$1,565$1,108$768$524$352$139
32 years$1,499$1,048$717$481$318$121
33 years$1,438$993$669$442$288$106
34 years$1,381$941$625$407$261$92
35 years$1,326$892$585$375$236$80
36 years$1,275$847$547$345$214$70
37 years$1,227$804$512$318$194$61
38 years$1,182$764$479$293$176$53
39 years$1,139$727$449$270$160$47
40 years$1,098$692$421$249$145$41
41 years$1,059$658$395$230$131$36
42 years$1,022$627$370$212$119$31
43 years$987$597$347$196$108$27
44 years$954$569$326$181$98$24
45 years$922$543$306$167$89$21
46 years$892$518$288$154$81$18
47 years$863$494$270$143$73$16
48 years$836$472$254$132$67$14
49 years$809$451$239$122$61$12
50 years$784$430$224$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $803,000, adding $6,579 every year, while hoping to spend $27,200 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: 64/22/14 Blend
62$803,000$803,000$803,000$803,000
63$891,692$849,133$836,687$945,368
64$953,704$861,800$835,775$994,780
65$1,021,130$874,176$833,921$1,044,996
66$1,094,493$886,218$831,065$1,099,178
67$1,174,368$897,880$827,143$1,157,715
68$1,261,391$909,113$822,090$1,221,033
69$1,356,258$919,865$815,835$1,289,600
70$1,459,736$930,079$808,305$1,363,935
71$1,572,672$939,695$799,426$1,444,609
72$1,695,994$948,650$789,116$1,532,252
73$1,830,726$956,875$777,293$1,627,558
74$1,977,997$964,298$763,868$1,731,293
75$2,139,045$970,841$748,751$1,844,300
76$2,315,239$976,423$731,845$1,967,512
77$2,508,081$980,956$713,050$2,101,953
78$2,719,229$984,347$692,261$2,248,756
79$2,950,507$986,496$669,368$2,409,169
80$3,203,923$987,299$644,257$2,584,568
81$3,481,691$986,644$616,807$2,776,470
82$3,786,246$984,413$586,893$2,986,548
83$4,120,273$980,479$554,383$3,216,648
84$4,486,728$974,709$519,142$3,468,803
85$4,888,865$966,961$481,024$3,745,256
86$5,330,272$957,085$439,881$4,048,480
87$5,814,899$944,921$395,556$4,381,203
88$6,347,098$930,301$347,886$4,746,431
89$6,931,661$913,045$296,700$5,147,478
90$7,573,871$892,965$241,820$5,588,001
91$8,279,544$869,858$183,059$6,072,029
92$9,055,090$843,514$120,224$6,604,004
93$9,907,569$813,706$53,111$7,188,826
94$10,844,760$780,196$0$7,831,896
95$11,875,233$742,733$0$8,541,932
96$13,008,429$701,050$0$9,331,381
97$14,254,753$654,865$0$10,199,572
98$15,625,664$603,880$0$11,154,520
99$17,133,792$547,780$0$12,205,059
100$18,793,050$486,232$0$13,360,923