Can I retire at age 63 with 808,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$66,724$66,130$65,550$64,984$64,431$63,468
2 years$33,032$32,416$31,820$31,242$30,681$29,714
3 years$21,802$21,185$20,590$20,017$19,466$18,523
4 years$16,189$15,573$14,984$14,421$13,883$12,973
5 years$12,822$12,209$11,628$11,077$10,554$9,678
6 years$10,577$9,970$9,397$8,858$8,351$7,511
7 years$8,975$8,373$7,809$7,283$6,791$5,988
8 years$7,774$7,177$6,623$6,109$5,634$4,867
9 years$6,840$6,249$5,704$5,204$4,745$4,013
10 years$6,094$5,508$4,973$4,486$4,043$3,347
11 years$5,483$4,903$4,378$3,904$3,477$2,815
12 years$4,975$4,401$3,886$3,424$3,013$2,385
13 years$4,545$3,977$3,472$3,023$2,627$2,032
14 years$4,177$3,615$3,119$2,684$2,303$1,740
15 years$3,858$3,303$2,816$2,393$2,028$1,496
16 years$3,580$3,030$2,553$2,143$1,792$1,290
17 years$3,334$2,791$2,323$1,925$1,589$1,115
18 years$3,116$2,579$2,121$1,735$1,413$967
19 years$2,921$2,390$1,942$1,568$1,259$840
20 years$2,746$2,221$1,782$1,420$1,125$731
21 years$2,588$2,069$1,639$1,289$1,007$637
22 years$2,444$1,931$1,511$1,172$902$556
23 years$2,313$1,806$1,395$1,067$810$485
24 years$2,193$1,692$1,290$973$728$424
25 years$2,083$1,588$1,195$889$655$371
26 years$1,982$1,492$1,108$813$590$325
27 years$1,888$1,404$1,029$744$532$285
28 years$1,801$1,323$957$682$480$250
29 years$1,720$1,249$890$625$433$219
30 years$1,645$1,179$829$574$392$192
31 years$1,574$1,115$773$527$354$169
32 years$1,509$1,055$721$484$320$148
33 years$1,447$999$673$445$290$130
34 years$1,389$947$629$410$262$115
35 years$1,335$898$588$377$238$101
36 years$1,283$852$550$347$215$88
37 years$1,235$809$515$320$195$78
38 years$1,189$769$482$295$177$68
39 years$1,146$731$452$272$160$60
40 years$1,105$696$424$251$146$53
41 years$1,066$662$397$231$132$47
42 years$1,029$631$373$214$120$41
43 years$994$601$350$197$109$36
44 years$960$573$328$182$99$32
45 years$928$546$308$168$90$28
46 years$898$521$289$155$81$25
47 years$869$497$272$143$74$22
48 years$841$475$255$133$67$19
49 years$814$453$240$123$61$17
50 years$789$433$226$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $808,000, adding $2,545 every year, while hoping to spend $46,514 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: 54/16/30 Blend
62$808,000$808,000$808,000$808,000
63$893,041$850,217$837,693$933,667
64$934,641$842,387$816,265$954,267
65$978,925$832,615$792,561$971,743
66$1,026,117$820,755$766,454$989,859
67$1,076,465$806,656$737,814$1,008,695
68$1,130,237$790,155$706,503$1,028,341
69$1,187,730$771,081$672,379$1,048,901
70$1,249,265$749,251$635,291$1,070,489
71$1,315,200$724,474$595,083$1,093,238
72$1,385,923$696,546$551,591$1,117,293
73$1,461,862$665,251$504,645$1,142,820
74$1,543,486$630,363$454,064$1,170,005
75$1,631,310$591,638$399,663$1,199,056
76$1,725,899$548,824$341,247$1,230,206
77$1,827,874$501,650$278,612$1,263,716
78$1,937,917$449,831$211,546$1,299,880
79$2,056,779$393,066$139,827$1,339,024
80$2,185,281$331,038$63,222$1,381,512
81$2,324,331$263,410$0$1,427,753
82$2,474,922$189,826$0$1,484,132
83$2,638,149$109,913$0$1,567,207
84$2,815,215$23,273$0$1,657,367
85$3,007,443$0$0$1,755,330
86$3,216,288$0$0$1,874,301
87$3,443,351$0$0$2,008,173
88$3,690,393$0$0$2,153,895
89$3,959,352$0$0$2,312,618
90$4,252,359$0$0$2,485,610
91$4,571,762$0$0$2,674,266
92$4,920,141$0$0$2,880,122
93$5,300,341$0$0$3,104,866
94$5,715,489$0$0$3,350,361
95$6,169,028$0$0$3,618,653
96$6,664,752$0$0$3,911,997
97$7,206,834$0$0$4,232,876
98$7,799,869$0$0$4,584,023
99$8,448,920$0$0$4,968,448
100$9,159,557$0$0$5,389,465