Can I retire at age 63 with 804,000?

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 $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%16.9%
1 years$66,394$65,802$65,225$64,662$64,112$62,310
2 years$32,868$32,256$31,663$31,088$30,530$28,727
3 years$21,694$21,080$20,488$19,918$19,369$17,624
4 years$16,109$15,496$14,910$14,350$13,814$12,139
5 years$12,758$12,149$11,571$11,022$10,501$8,901
6 years$10,525$9,920$9,351$8,814$8,309$6,785
7 years$8,931$8,331$7,771$7,247$6,758$5,309
8 years$7,736$7,141$6,590$6,079$5,606$4,233
9 years$6,806$6,218$5,676$5,178$4,721$3,422
10 years$6,063$5,481$4,949$4,464$4,023$2,796
11 years$5,456$4,879$4,357$3,885$3,460$2,304
12 years$4,950$4,379$3,866$3,407$2,998$1,910
13 years$4,523$3,958$3,454$3,008$2,614$1,592
14 years$4,156$3,597$3,104$2,670$2,292$1,333
15 years$3,839$3,286$2,802$2,381$2,018$1,120
16 years$3,562$3,015$2,541$2,132$1,783$943
17 years$3,318$2,777$2,312$1,916$1,581$797
18 years$3,101$2,566$2,110$1,727$1,406$674
19 years$2,907$2,378$1,932$1,560$1,253$571
20 years$2,733$2,210$1,773$1,413$1,119$485
21 years$2,575$2,058$1,631$1,282$1,002$412
22 years$2,432$1,921$1,503$1,166$898$351
23 years$2,302$1,797$1,388$1,062$806$298
24 years$2,182$1,684$1,284$969$724$254
25 years$2,073$1,580$1,189$884$652$217
26 years$1,972$1,485$1,103$809$587$185
27 years$1,878$1,398$1,024$740$529$158
28 years$1,792$1,317$952$678$478$135
29 years$1,712$1,242$886$622$431$115
30 years$1,637$1,173$825$571$390$98
31 years$1,567$1,109$769$524$352$84
32 years$1,501$1,049$718$482$319$72
33 years$1,440$994$670$443$288$61
34 years$1,382$942$626$408$261$52
35 years$1,328$893$585$375$237$45
36 years$1,277$848$548$346$214$38
37 years$1,229$805$513$318$194$33
38 years$1,183$765$480$293$176$28
39 years$1,140$728$450$271$160$24
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$13
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 $3,493 every year, while hoping to spend $58,664 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: 79/8/13 Blend
62$804,000$804,000$804,000$804,000
63$889,611$846,999$834,537$957,362
64$917,933$826,084$800,076$981,500
65$947,178$802,178$762,494$1,000,079
66$977,378$775,072$721,626$1,018,785
67$1,008,566$744,546$677,296$1,037,605
68$1,040,778$710,367$629,323$1,056,526
69$1,074,049$672,287$577,517$1,075,533
70$1,108,418$630,045$521,680$1,094,611
71$1,143,925$583,365$461,604$1,113,744
72$1,180,610$531,955$397,073$1,132,914
73$1,218,517$475,505$327,859$1,152,102
74$1,257,691$413,691$253,728$1,171,290
75$1,298,181$346,166$174,433$1,190,457
76$1,340,034$272,567$89,715$1,209,581
77$1,383,304$192,510$0$1,228,639
78$1,428,045$105,587$0$1,247,704
79$1,474,314$11,369$0$1,279,940
80$1,522,172$0$0$1,312,905
81$1,571,682$0$0$1,354,588
82$1,622,910$0$0$1,398,756
83$1,675,928$0$0$1,444,468
84$1,730,810$0$0$1,491,788
85$1,787,633$0$0$1,540,784
86$1,846,481$0$0$1,591,528
87$1,907,442$0$0$1,644,095
88$1,970,608$0$0$1,698,567
89$2,036,079$0$0$1,755,029
90$2,103,958$0$0$1,813,570
91$2,174,357$0$0$1,874,288
92$2,247,394$0$0$1,937,285
93$2,323,195$0$0$2,002,670
94$2,401,896$0$0$2,070,559
95$2,483,638$0$0$2,141,077
96$2,568,575$0$0$2,214,357
97$2,656,872$0$0$2,290,539
98$2,748,703$0$0$2,369,778
99$2,844,258$0$0$2,452,235
100$2,943,737$0$0$2,538,087