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%14.1%
1 years$66,394$65,802$65,225$64,662$64,112$63,024
2 years$32,868$32,256$31,663$31,088$30,530$29,437
3 years$21,694$21,080$20,488$19,918$19,369$18,306
4 years$16,109$15,496$14,910$14,350$13,814$12,788
5 years$12,758$12,149$11,571$11,022$10,501$9,516
6 years$10,525$9,920$9,351$8,814$8,309$7,365
7 years$8,931$8,331$7,771$7,247$6,758$5,855
8 years$7,736$7,141$6,590$6,079$5,606$4,745
9 years$6,806$6,218$5,676$5,178$4,721$3,901
10 years$6,063$5,481$4,949$4,464$4,023$3,243
11 years$5,456$4,879$4,357$3,885$3,460$2,720
12 years$4,950$4,379$3,866$3,407$2,998$2,297
13 years$4,523$3,958$3,454$3,008$2,614$1,951
14 years$4,156$3,597$3,104$2,670$2,292$1,665
15 years$3,839$3,286$2,802$2,381$2,018$1,426
16 years$3,562$3,015$2,541$2,132$1,783$1,225
17 years$3,318$2,777$2,312$1,916$1,581$1,056
18 years$3,101$2,566$2,110$1,727$1,406$912
19 years$2,907$2,378$1,932$1,560$1,253$789
20 years$2,733$2,210$1,773$1,413$1,119$684
21 years$2,575$2,058$1,631$1,282$1,002$594
22 years$2,432$1,921$1,503$1,166$898$516
23 years$2,302$1,797$1,388$1,062$806$449
24 years$2,182$1,684$1,284$969$724$391
25 years$2,073$1,580$1,189$884$652$341
26 years$1,972$1,485$1,103$809$587$298
27 years$1,878$1,398$1,024$740$529$260
28 years$1,792$1,317$952$678$478$227
29 years$1,712$1,242$886$622$431$198
30 years$1,637$1,173$825$571$390$173
31 years$1,567$1,109$769$524$352$151
32 years$1,501$1,049$718$482$319$132
33 years$1,440$994$670$443$288$116
34 years$1,382$942$626$408$261$101
35 years$1,328$893$585$375$237$89
36 years$1,277$848$548$346$214$78
37 years$1,229$805$513$318$194$68
38 years$1,183$765$480$293$176$60
39 years$1,140$728$450$271$160$52
40 years$1,099$692$421$250$145$46
41 years$1,060$659$395$230$131$40
42 years$1,024$628$371$213$119$35
43 years$989$598$348$196$108$31
44 years$955$570$327$181$98$27
45 years$924$544$307$167$89$24
46 years$893$519$288$155$81$21
47 years$864$495$271$143$74$18
48 years$837$473$254$132$67$16
49 years$810$451$239$122$61$14
50 years$785$431$225$113$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $804,000, adding $2,467 every year, while hoping to spend $43,422 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: 65/8/27 Blend
62$804,000$804,000$804,000$804,000
63$888,553$845,941$833,479$939,838
64$932,984$841,191$815,200$970,029
65$980,493$834,754$794,853$997,957
66$1,031,346$826,499$772,323$1,027,522
67$1,085,838$816,292$747,490$1,058,891
68$1,144,290$803,988$720,228$1,092,248
69$1,207,057$789,433$690,406$1,127,795
70$1,274,528$772,465$657,885$1,165,760
71$1,347,127$752,913$622,521$1,206,393
72$1,425,322$730,595$584,164$1,249,972
73$1,509,629$705,318$542,658$1,296,805
74$1,600,611$676,878$497,837$1,347,234
75$1,698,889$645,061$449,530$1,401,638
76$1,805,144$609,637$397,558$1,460,435
77$1,920,126$570,367$341,733$1,524,091
78$2,044,658$526,994$281,860$1,593,119
79$2,179,646$479,249$217,734$1,668,088
80$2,326,084$426,847$149,144$1,749,628
81$2,485,070$369,487$75,864$1,838,437
82$2,657,806$306,851$0$1,935,285
83$2,845,617$238,602$0$2,041,701
84$3,049,963$164,386$0$2,181,321
85$3,272,445$83,827$0$2,333,384
86$3,514,829$0$0$2,499,120
87$3,779,057$0$0$2,680,190
88$4,067,266$0$0$2,885,792
89$4,381,809$0$0$3,110,230
90$4,725,276$0$0$3,355,358
91$5,100,516$0$0$3,623,218
92$5,510,669$0$0$3,916,057
93$5,959,189$0$0$4,236,348
94$6,449,881$0$0$4,586,816
95$6,986,933$0$0$4,970,459
96$7,574,959$0$0$5,390,582
97$8,219,036$0$0$5,850,821
98$8,924,760$0$0$6,355,182
99$9,698,290$0$0$6,908,077
100$10,546,411$0$0$7,514,363