Can I retire at age 63 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$66,559$65,966$65,387$64,823$64,272$63,468
2 years$32,950$32,336$31,741$31,165$30,606$29,797
3 years$21,748$21,132$20,539$19,968$19,417$18,629
4 years$16,149$15,534$14,947$14,386$13,849$13,087
5 years$12,790$12,179$11,599$11,049$10,528$9,794
6 years$10,551$9,945$9,374$8,836$8,330$7,626
7 years$8,953$8,352$7,790$7,265$6,775$6,100
8 years$7,755$7,159$6,606$6,094$5,620$4,975
9 years$6,823$6,233$5,690$5,191$4,733$4,117
10 years$6,079$5,494$4,961$4,475$4,033$3,446
11 years$5,470$4,891$4,367$3,894$3,468$2,909
12 years$4,963$4,390$3,876$3,416$3,006$2,474
13 years$4,534$3,967$3,463$3,016$2,621$2,117
14 years$4,167$3,606$3,111$2,677$2,297$1,819
15 years$3,849$3,294$2,809$2,387$2,023$1,570
16 years$3,571$3,023$2,547$2,138$1,788$1,360
17 years$3,326$2,784$2,318$1,921$1,585$1,181
18 years$3,108$2,572$2,116$1,731$1,409$1,028
19 years$2,914$2,384$1,937$1,564$1,256$897
20 years$2,739$2,215$1,778$1,417$1,122$784
21 years$2,581$2,063$1,635$1,286$1,004$686
22 years$2,438$1,926$1,507$1,169$900$602
23 years$2,307$1,801$1,391$1,065$808$528
24 years$2,188$1,688$1,287$971$726$464
25 years$2,078$1,584$1,192$887$654$408
26 years$1,977$1,489$1,105$811$589$359
27 years$1,883$1,401$1,026$742$531$316
28 years$1,796$1,320$954$680$479$278
29 years$1,716$1,245$888$624$432$245
30 years$1,641$1,176$827$572$391$216
31 years$1,571$1,112$771$526$353$191
32 years$1,505$1,052$719$483$320$169
33 years$1,443$996$672$444$289$149
34 years$1,386$944$628$409$262$131
35 years$1,331$896$587$376$237$116
36 years$1,280$850$549$346$215$103
37 years$1,232$807$514$319$195$91
38 years$1,186$767$481$294$177$80
39 years$1,143$730$451$271$160$71
40 years$1,102$694$423$250$145$63
41 years$1,063$661$396$231$132$55
42 years$1,026$629$372$213$120$49
43 years$991$600$349$197$108$43
44 years$958$572$327$182$98$38
45 years$926$545$307$168$89$34
46 years$895$520$289$155$81$30
47 years$866$496$271$143$74$26
48 years$839$474$255$132$67$23
49 years$812$452$240$122$61$21
50 years$787$432$225$113$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $806,000, adding $6,691 every year, while hoping to spend $48,716 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: 46/37/17 Blend
62$806,000$806,000$806,000$806,000
63$895,114$852,396$839,903$931,670
64$934,582$842,330$816,206$947,762
65$976,443$830,138$790,083$959,776
66$1,020,890$815,664$761,400$971,769
67$1,068,133$798,744$730,019$983,760
68$1,118,403$779,203$695,796$995,772
69$1,171,952$756,856$658,577$1,007,835
70$1,229,057$731,507$618,204$1,019,986
71$1,290,019$702,950$574,513$1,032,267
72$1,355,171$670,964$527,329$1,044,733
73$1,424,876$635,319$476,472$1,057,446
74$1,499,532$595,769$421,753$1,070,479
75$1,579,577$552,054$362,974$1,083,919
76$1,665,490$503,901$299,930$1,097,866
77$1,757,797$451,019$232,405$1,112,437
78$1,857,076$393,102$160,174$1,127,766
79$1,963,961$329,827$83,003$1,144,009
80$2,079,148$260,852$646$1,161,343
81$2,203,403$185,815$0$1,179,970
82$2,337,565$104,335$0$1,215,947
83$2,482,558$16,009$0$1,254,865
84$2,639,397$0$0$1,296,957
85$2,809,198$0$0$1,375,018
86$2,993,186$0$0$1,466,741
87$3,192,712$0$0$1,566,292
88$3,409,257$0$0$1,674,419
89$3,644,452$0$0$1,791,950
90$3,900,092$0$0$1,919,791
91$4,178,150$0$0$2,058,941
92$4,480,798$0$0$2,210,499
93$4,810,426$0$0$2,375,676
94$5,169,661$0$0$2,555,800
95$5,561,399$0$0$2,752,339
96$5,988,824$0$0$2,966,903
97$6,455,441$0$0$3,201,269
98$6,965,109$0$0$3,457,389
99$7,522,076$0$0$3,737,416
100$8,131,020$0$0$4,043,718