Can I retire at age 63 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$66,641$66,048$65,469$64,903$64,351$63,574
2 years$32,991$32,376$31,781$31,203$30,643$29,861
3 years$21,775$21,158$20,564$19,992$19,441$18,678
4 years$16,169$15,554$14,966$14,403$13,866$13,128
5 years$12,806$12,194$11,614$11,063$10,541$9,830
6 years$10,564$9,957$9,386$8,847$8,340$7,658
7 years$8,964$8,362$7,800$7,274$6,783$6,129
8 years$7,764$7,168$6,615$6,102$5,627$5,002
9 years$6,832$6,241$5,697$5,197$4,739$4,141
10 years$6,086$5,501$4,967$4,480$4,038$3,468
11 years$5,476$4,897$4,373$3,899$3,473$2,930
12 years$4,969$4,396$3,881$3,420$3,009$2,494
13 years$4,539$3,972$3,467$3,019$2,624$2,135
14 years$4,172$3,611$3,115$2,680$2,300$1,836
15 years$3,854$3,298$2,813$2,390$2,025$1,586
16 years$3,575$3,026$2,550$2,140$1,790$1,374
17 years$3,330$2,787$2,321$1,923$1,587$1,194
18 years$3,112$2,575$2,118$1,733$1,411$1,041
19 years$2,918$2,387$1,939$1,566$1,258$908
20 years$2,743$2,218$1,780$1,418$1,124$795
21 years$2,585$2,066$1,637$1,287$1,005$696
22 years$2,441$1,929$1,509$1,170$901$611
23 years$2,310$1,804$1,393$1,066$809$536
24 years$2,191$1,690$1,288$972$727$472
25 years$2,081$1,586$1,193$888$654$415
26 years$1,979$1,491$1,107$812$589$365
27 years$1,885$1,403$1,028$743$531$322
28 years$1,799$1,322$955$681$479$284
29 years$1,718$1,247$889$624$433$251
30 years$1,643$1,178$828$573$391$221
31 years$1,572$1,113$772$526$354$195
32 years$1,507$1,053$720$484$320$172
33 years$1,445$998$673$445$290$152
34 years$1,387$945$628$409$262$135
35 years$1,333$897$588$377$237$119
36 years$1,282$851$550$347$215$105
37 years$1,233$808$514$320$195$93
38 years$1,188$768$482$295$177$82
39 years$1,144$731$451$272$160$73
40 years$1,103$695$423$251$145$64
41 years$1,064$662$397$231$132$57
42 years$1,027$630$372$213$120$51
43 years$992$600$349$197$109$45
44 years$959$572$328$182$99$40
45 years$927$546$308$168$90$35
46 years$897$521$289$155$81$31
47 years$868$497$272$143$74$27
48 years$840$474$255$132$67$24
49 years$813$453$240$122$61$22
50 years$788$433$225$113$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $807,000, adding $4,539 every year, while hoping to spend $54,984 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: 63/15/22 Blend
62$807,000$807,000$807,000$807,000
63$893,996$851,225$838,716$944,935
64$926,681$834,432$808,311$963,062
65$960,857$814,974$775,044$976,309
66$996,618$792,662$738,762$989,526
67$1,034,066$767,295$699,303$1,002,716
68$1,073,312$738,663$656,500$1,015,885
69$1,114,474$706,542$610,177$1,029,040
70$1,157,682$670,695$560,151$1,042,193
71$1,203,078$630,871$506,228$1,055,359
72$1,250,815$586,807$448,210$1,068,556
73$1,301,059$538,221$385,886$1,081,810
74$1,353,992$484,819$319,038$1,095,149
75$1,409,812$426,287$247,438$1,108,611
76$1,468,732$362,295$170,847$1,122,239
77$1,530,989$292,494$89,016$1,136,083
78$1,596,839$216,515$1,687$1,150,206
79$1,666,560$133,967$0$1,164,678
80$1,740,458$44,441$0$1,201,064
81$1,818,867$0$0$1,239,797
82$1,902,151$0$0$1,289,328
83$1,990,710$0$0$1,349,827
84$2,084,980$0$0$1,414,259
85$2,185,438$0$0$1,482,955
86$2,292,609$0$0$1,556,279
87$2,407,065$0$0$1,634,627
88$2,529,435$0$0$1,718,434
89$2,660,408$0$0$1,808,177
90$2,800,738$0$0$1,904,379
91$2,951,255$0$0$2,007,615
92$3,112,867$0$0$2,118,514
93$3,286,571$0$0$2,237,767
94$3,473,464$0$0$2,366,134
95$3,674,747$0$0$2,504,448
96$3,891,741$0$0$2,653,625
97$4,125,897$0$0$2,814,670
98$4,378,808$0$0$2,988,688
99$4,652,226$0$0$3,176,894
100$4,948,077$0$0$3,380,623