Can I retire at age 63 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,476$65,884$65,306$64,742$64,192$63,868
2 years$32,909$32,296$31,702$31,126$30,568$30,240
3 years$21,721$21,106$20,513$19,943$19,393$19,073
4 years$16,129$15,515$14,928$14,368$13,831$13,521
5 years$12,774$12,164$11,585$11,036$10,514$10,215
6 years$10,538$9,933$9,362$8,825$8,320$8,031
7 years$8,942$8,342$7,780$7,256$6,766$6,488
8 years$7,745$7,150$6,598$6,087$5,613$5,346
9 years$6,815$6,226$5,683$5,185$4,727$4,471
10 years$6,071$5,488$4,955$4,469$4,028$3,783
11 years$5,463$4,885$4,362$3,889$3,464$3,230
12 years$4,956$4,385$3,871$3,412$3,002$2,778
13 years$4,528$3,963$3,459$3,012$2,618$2,404
14 years$4,162$3,602$3,108$2,674$2,295$2,091
15 years$3,844$3,290$2,806$2,384$2,020$1,827
16 years$3,566$3,019$2,544$2,135$1,786$1,602
17 years$3,322$2,780$2,315$1,918$1,583$1,409
18 years$3,105$2,569$2,113$1,729$1,408$1,242
19 years$2,910$2,381$1,934$1,562$1,255$1,098
20 years$2,736$2,213$1,775$1,415$1,121$972
21 years$2,578$2,061$1,633$1,284$1,003$862
22 years$2,435$1,924$1,505$1,167$899$766
23 years$2,305$1,799$1,390$1,063$807$682
24 years$2,185$1,686$1,285$970$725$607
25 years$2,075$1,582$1,190$886$653$541
26 years$1,974$1,487$1,104$810$588$483
27 years$1,881$1,399$1,025$741$530$432
28 years$1,794$1,319$953$679$478$386
29 years$1,714$1,244$887$623$432$345
30 years$1,639$1,175$826$572$390$309
31 years$1,569$1,110$770$525$353$277
32 years$1,503$1,051$719$482$319$248
33 years$1,442$995$671$444$289$222
34 years$1,384$943$627$408$261$199
35 years$1,330$895$586$376$237$178
36 years$1,279$849$548$346$215$160
37 years$1,230$806$513$319$194$144
38 years$1,185$766$481$294$176$129
39 years$1,141$729$450$271$160$116
40 years$1,101$693$422$250$145$104
41 years$1,062$660$396$231$132$93
42 years$1,025$629$371$213$119$84
43 years$990$599$348$196$108$75
44 years$956$571$327$181$98$68
45 years$925$544$307$168$89$61
46 years$894$519$288$155$81$55
47 years$865$496$271$143$74$49
48 years$838$473$255$132$67$44
49 years$811$452$239$122$61$40
50 years$786$432$225$113$55$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $805,000, adding $2,577 every year, while hoping to spend $45,738 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: 53/42/5 Blend
62$805,000$805,000$805,000$805,000
63$889,768$847,103$834,626$935,821
64$931,860$839,946$813,921$960,099
65$976,712$830,906$790,989$981,244
66$1,024,557$819,841$765,708$1,003,128
67$1,075,652$806,603$737,950$1,025,828
68$1,130,276$791,034$707,578$1,049,431
69$1,188,736$772,967$674,454$1,074,036
70$1,251,369$752,225$638,430$1,099,754
71$1,318,544$728,619$599,353$1,126,710
72$1,390,667$701,952$557,063$1,155,045
73$1,468,181$672,014$511,391$1,184,917
74$1,551,575$638,583$462,162$1,216,506
75$1,641,385$601,423$409,194$1,250,011
76$1,738,200$560,286$352,295$1,285,657
77$1,842,665$514,909$291,266$1,323,695
78$1,955,492$465,014$225,898$1,364,407
79$2,077,460$410,308$155,974$1,408,109
80$2,209,429$350,481$81,267$1,455,153
81$2,352,340$285,204$1,539$1,505,935
82$2,507,231$214,132$0$1,560,894
83$2,675,243$136,898$0$1,624,978
84$2,857,627$53,116$0$1,694,657
85$3,055,765$0$0$1,770,474
86$3,271,172$0$0$1,870,514
87$3,505,519$0$0$2,006,125
88$3,760,640$0$0$2,153,830
89$4,038,556$0$0$2,314,807
90$4,341,492$0$0$2,490,355
91$4,671,893$0$0$2,681,901
92$5,032,454$0$0$2,891,018
93$5,426,139$0$0$3,119,434
94$5,856,211$0$0$3,369,054
95$6,326,264$0$0$3,641,977
96$6,840,254$0$0$3,940,510
97$7,402,534$0$0$4,267,195
98$8,017,901$0$0$4,624,832
99$8,691,635$0$0$5,016,503
100$9,429,552$0$0$5,445,603