Can I retire at age 63 with 804,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$66,394$65,802$65,225$64,662$64,112$62,285
2 years$32,868$32,256$31,663$31,088$30,530$28,703
3 years$21,694$21,080$20,488$19,918$19,369$17,600
4 years$16,109$15,496$14,910$14,350$13,814$12,116
5 years$12,758$12,149$11,571$11,022$10,501$8,880
6 years$10,525$9,920$9,351$8,814$8,309$6,765
7 years$8,931$8,331$7,771$7,247$6,758$5,291
8 years$7,736$7,141$6,590$6,079$5,606$4,216
9 years$6,806$6,218$5,676$5,178$4,721$3,406
10 years$6,063$5,481$4,949$4,464$4,023$2,781
11 years$5,456$4,879$4,357$3,885$3,460$2,290
12 years$4,950$4,379$3,866$3,407$2,998$1,898
13 years$4,523$3,958$3,454$3,008$2,614$1,581
14 years$4,156$3,597$3,104$2,670$2,292$1,322
15 years$3,839$3,286$2,802$2,381$2,018$1,110
16 years$3,562$3,015$2,541$2,132$1,783$935
17 years$3,318$2,777$2,312$1,916$1,581$789
18 years$3,101$2,566$2,110$1,727$1,406$667
19 years$2,907$2,378$1,932$1,560$1,253$565
20 years$2,733$2,210$1,773$1,413$1,119$479
21 years$2,575$2,058$1,631$1,282$1,002$407
22 years$2,432$1,921$1,503$1,166$898$346
23 years$2,302$1,797$1,388$1,062$806$294
24 years$2,182$1,684$1,284$969$724$250
25 years$2,073$1,580$1,189$884$652$213
26 years$1,972$1,485$1,103$809$587$182
27 years$1,878$1,398$1,024$740$529$155
28 years$1,792$1,317$952$678$478$132
29 years$1,712$1,242$886$622$431$113
30 years$1,637$1,173$825$571$390$96
31 years$1,567$1,109$769$524$352$82
32 years$1,501$1,049$718$482$319$70
33 years$1,440$994$670$443$288$60
34 years$1,382$942$626$408$261$51
35 years$1,328$893$585$375$237$44
36 years$1,277$848$548$346$214$37
37 years$1,229$805$513$318$194$32
38 years$1,183$765$480$293$176$27
39 years$1,140$728$450$271$160$23
40 years$1,099$692$421$250$145$20
41 years$1,060$659$395$230$131$17
42 years$1,024$628$371$213$119$15
43 years$989$598$348$196$108$12
44 years$955$570$327$181$98$11
45 years$924$544$307$167$89$9
46 years$893$519$288$155$81$8
47 years$864$495$271$143$74$7
48 years$837$473$254$132$67$6
49 years$810$451$239$122$61$5
50 years$785$431$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $804,000, adding $6,865 every year, while hoping to spend $47,278 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: 22/48/30 Blend
62$804,000$804,000$804,000$804,000
63$893,089$850,477$838,015$904,183
64$933,881$841,847$815,785$906,049
65$977,249$831,210$791,226$903,681
66$1,023,406$818,417$764,210$900,145
67$1,072,585$803,311$734,602$895,376
68$1,125,041$785,725$702,264$889,310
69$1,181,054$765,485$667,049$881,880
70$1,240,929$742,402$628,803$873,019
71$1,305,004$716,279$587,368$862,660
72$1,373,645$686,908$542,575$850,735
73$1,447,257$654,066$494,252$837,176
74$1,526,283$617,521$442,215$821,917
75$1,611,208$577,024$386,274$804,892
76$1,702,568$532,314$326,230$786,037
77$1,800,946$483,114$261,875$765,290
78$1,906,988$429,132$192,993$742,594
79$2,021,401$370,059$119,358$717,894
80$2,144,960$305,568$40,733$691,141
81$2,278,519$235,315$0$662,291
82$2,423,017$158,934$0$645,130
83$2,579,484$76,041$0$640,622
84$2,749,055$0$0$635,786
85$2,932,975$0$0$637,979
86$3,132,617$0$0$684,077
87$3,349,486$0$0$734,280
88$3,585,243$0$0$788,987
89$3,841,711$0$0$848,639
90$4,120,898$0$0$913,718
91$4,425,014$0$0$984,760
92$4,756,488$0$0$1,062,349
93$5,117,996$0$0$1,147,132
94$5,512,484$0$0$1,239,821
95$5,943,191$0$0$1,341,198
96$6,413,686$0$0$1,452,125
97$6,927,897$0$0$1,573,552
98$7,490,148$0$0$1,706,524
99$8,105,200$0$0$1,852,191
100$8,778,295$0$0$2,011,822