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%19.9%
1 years$66,394$65,802$65,225$64,662$64,112$61,568
2 years$32,868$32,256$31,663$31,088$30,530$27,998
3 years$21,694$21,080$20,488$19,918$19,369$16,930
4 years$16,109$15,496$14,910$14,350$13,814$11,486
5 years$12,758$12,149$11,571$11,022$10,501$8,290
6 years$10,525$9,920$9,351$8,814$8,309$6,216
7 years$8,931$8,331$7,771$7,247$6,758$4,782
8 years$7,736$7,141$6,590$6,079$5,606$3,745
9 years$6,806$6,218$5,676$5,178$4,721$2,973
10 years$6,063$5,481$4,949$4,464$4,023$2,384
11 years$5,456$4,879$4,357$3,885$3,460$1,926
12 years$4,950$4,379$3,866$3,407$2,998$1,565
13 years$4,523$3,958$3,454$3,008$2,614$1,278
14 years$4,156$3,597$3,104$2,670$2,292$1,048
15 years$3,839$3,286$2,802$2,381$2,018$862
16 years$3,562$3,015$2,541$2,132$1,783$711
17 years$3,318$2,777$2,312$1,916$1,581$587
18 years$3,101$2,566$2,110$1,727$1,406$486
19 years$2,907$2,378$1,932$1,560$1,253$402
20 years$2,733$2,210$1,773$1,413$1,119$334
21 years$2,575$2,058$1,631$1,282$1,002$277
22 years$2,432$1,921$1,503$1,166$898$230
23 years$2,302$1,797$1,388$1,062$806$191
24 years$2,182$1,684$1,284$969$724$159
25 years$2,073$1,580$1,189$884$652$133
26 years$1,972$1,485$1,103$809$587$110
27 years$1,878$1,398$1,024$740$529$92
28 years$1,792$1,317$952$678$478$77
29 years$1,712$1,242$886$622$431$64
30 years$1,637$1,173$825$571$390$53
31 years$1,567$1,109$769$524$352$44
32 years$1,501$1,049$718$482$319$37
33 years$1,440$994$670$443$288$31
34 years$1,382$942$626$408$261$26
35 years$1,328$893$585$375$237$21
36 years$1,277$848$548$346$214$18
37 years$1,229$805$513$318$194$15
38 years$1,183$765$480$293$176$12
39 years$1,140$728$450$271$160$10
40 years$1,099$692$421$250$145$9
41 years$1,060$659$395$230$131$7
42 years$1,024$628$371$213$119$6
43 years$989$598$348$196$108$5
44 years$955$570$327$181$98$4
45 years$924$544$307$167$89$3
46 years$893$519$288$155$81$3
47 years$864$495$271$143$74$2
48 years$837$473$254$132$67$2
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $804,000, adding $2,181 every year, while hoping to spend $34,743 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: 43/41/16 Blend
62$804,000$804,000$804,000$804,000
63$888,258$845,646$833,184$922,233
64$941,894$850,116$824,129$950,792
65$999,836$853,641$813,607$978,106
66$1,062,488$856,138$801,531$1,006,954
67$1,130,291$857,518$787,811$1,037,494
68$1,203,731$857,687$772,354$1,069,900
69$1,283,345$856,547$755,061$1,104,367
70$1,369,719$853,991$735,829$1,141,111
71$1,463,501$849,907$714,550$1,180,373
72$1,565,402$844,176$691,111$1,222,419
73$1,676,205$836,672$665,395$1,267,548
74$1,796,770$827,262$637,277$1,316,088
75$1,928,045$815,802$606,631$1,368,408
76$2,071,072$802,142$573,319$1,424,913
77$2,226,998$786,124$537,202$1,486,056
78$2,397,086$767,579$498,133$1,552,338
79$2,582,726$746,327$455,957$1,624,315
80$2,785,447$722,180$410,514$1,702,605
81$3,006,932$694,936$361,636$1,787,891
82$3,249,036$664,385$309,148$1,880,932
83$3,513,800$630,302$252,867$1,982,569
84$3,803,471$592,450$192,601$2,093,732
85$4,120,523$550,578$128,151$2,215,454
86$4,467,680$504,421$59,308$2,348,877
87$4,847,944$453,698$0$2,495,268
88$5,264,619$398,113$0$2,658,443
89$5,721,343$337,354$0$2,848,499
90$6,222,125$271,089$0$3,057,056
91$6,771,378$198,969$0$3,286,057
92$7,373,965$120,625$0$3,537,645
93$8,035,241$35,667$0$3,814,191
94$8,761,105$0$0$4,118,313
95$9,558,054$0$0$4,478,310
96$10,433,246$0$0$4,891,427
97$11,394,567$0$0$5,345,305
98$12,450,702$0$0$5,844,061
99$13,611,221$0$0$6,392,225
100$14,886,664$0$0$6,994,793