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%14.4%
1 years$66,394$65,802$65,225$64,662$64,112$62,946
2 years$32,868$32,256$31,663$31,088$30,530$29,359
3 years$21,694$21,080$20,488$19,918$19,369$18,231
4 years$16,109$15,496$14,910$14,350$13,814$12,717
5 years$12,758$12,149$11,571$11,022$10,501$9,448
6 years$10,525$9,920$9,351$8,814$8,309$7,301
7 years$8,931$8,331$7,771$7,247$6,758$5,794
8 years$7,736$7,141$6,590$6,079$5,606$4,688
9 years$6,806$6,218$5,676$5,178$4,721$3,847
10 years$6,063$5,481$4,949$4,464$4,023$3,192
11 years$5,456$4,879$4,357$3,885$3,460$2,672
12 years$4,950$4,379$3,866$3,407$2,998$2,252
13 years$4,523$3,958$3,454$3,008$2,614$1,909
14 years$4,156$3,597$3,104$2,670$2,292$1,626
15 years$3,839$3,286$2,802$2,381$2,018$1,390
16 years$3,562$3,015$2,541$2,132$1,783$1,192
17 years$3,318$2,777$2,312$1,916$1,581$1,025
18 years$3,101$2,566$2,110$1,727$1,406$883
19 years$2,907$2,378$1,932$1,560$1,253$763
20 years$2,733$2,210$1,773$1,413$1,119$660
21 years$2,575$2,058$1,631$1,282$1,002$571
22 years$2,432$1,921$1,503$1,166$898$496
23 years$2,302$1,797$1,388$1,062$806$430
24 years$2,182$1,684$1,284$969$724$374
25 years$2,073$1,580$1,189$884$652$325
26 years$1,972$1,485$1,103$809$587$283
27 years$1,878$1,398$1,024$740$529$246
28 years$1,792$1,317$952$678$478$215
29 years$1,712$1,242$886$622$431$187
30 years$1,637$1,173$825$571$390$163
31 years$1,567$1,109$769$524$352$142
32 years$1,501$1,049$718$482$319$124
33 years$1,440$994$670$443$288$108
34 years$1,382$942$626$408$261$94
35 years$1,328$893$585$375$237$82
36 years$1,277$848$548$346$214$72
37 years$1,229$805$513$318$194$63
38 years$1,183$765$480$293$176$55
39 years$1,140$728$450$271$160$48
40 years$1,099$692$421$250$145$42
41 years$1,060$659$395$230$131$37
42 years$1,024$628$371$213$119$32
43 years$989$598$348$196$108$28
44 years$955$570$327$181$98$24
45 years$924$544$307$167$89$21
46 years$893$519$288$155$81$19
47 years$864$495$271$143$74$16
48 years$837$473$254$132$67$14
49 years$810$451$239$122$61$12
50 years$785$431$225$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $804,000, adding $6,281 every year, while hoping to spend $28,074 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: 75/19/6 Blend
62$804,000$804,000$804,000$804,000
63$892,487$849,875$837,413$958,388
64$953,650$861,648$835,596$1,014,365
65$1,020,111$873,058$832,777$1,071,477
66$1,092,380$884,055$828,893$1,133,244
67$1,171,020$894,591$823,877$1,200,116
68$1,256,648$904,610$817,662$1,272,590
69$1,349,945$914,055$810,172$1,351,212
70$1,451,660$922,864$801,333$1,436,583
71$1,562,616$930,971$791,065$1,529,367
72$1,683,721$938,307$779,283$1,630,294
73$1,815,972$944,795$765,901$1,740,169
74$1,960,469$950,359$750,827$1,859,880
75$2,118,422$954,911$733,965$1,990,402
76$2,291,163$958,363$715,214$2,132,814
77$2,480,158$960,619$694,470$2,288,301
78$2,687,022$961,578$671,623$2,458,173
79$2,913,534$961,131$646,558$2,643,869
80$3,161,652$959,164$619,155$2,846,979
81$3,433,532$955,555$589,289$3,069,252
82$3,731,550$950,175$556,828$3,312,619
83$4,058,322$942,887$521,635$3,579,205
84$4,416,728$933,545$483,567$3,871,354
85$4,809,942$921,997$442,474$4,191,649
86$5,241,459$908,078$398,200$4,542,937
87$5,715,129$891,615$350,581$4,928,355
88$6,235,193$872,425$299,447$5,351,361
89$6,806,323$850,314$244,619$5,815,767
90$7,433,666$825,077$185,911$6,325,775
91$8,122,890$796,496$123,129$6,886,014
92$8,880,241$764,341$56,070$7,501,588
93$9,712,599$728,367$0$8,178,123
94$10,627,545$688,318$0$8,922,810
95$11,633,430$643,921$0$9,745,386
96$12,739,454$594,887$0$10,649,806
97$13,955,754$540,913$0$11,644,386
98$15,293,499$481,675$0$12,738,292
99$16,764,992$416,833$0$13,941,628
100$18,383,792$346,029$0$15,265,525