Can I retire at age 63 with 808,000?

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 $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 $3,527 every year, while hoping to spend $22,094 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: 38/33/29 Blend
62$808,000$808,000$808,000$808,000
63$894,054$851,230$838,706$920,202
64$961,740$869,433$843,295$957,977
65$1,035,589$887,786$847,297$996,503
66$1,116,207$906,276$850,669$1,037,723
67$1,204,260$924,883$853,367$1,081,897
68$1,300,482$943,590$855,342$1,129,311
69$1,405,680$962,375$856,545$1,180,281
70$1,520,743$981,215$856,923$1,235,157
71$1,646,651$1,000,087$856,422$1,294,323
72$1,784,482$1,018,964$854,985$1,358,204
73$1,935,422$1,037,816$852,550$1,427,269
74$2,100,780$1,056,613$849,055$1,502,037
75$2,281,994$1,075,322$844,432$1,583,079
76$2,480,650$1,093,906$838,614$1,671,024
77$2,698,495$1,112,326$831,526$1,766,571
78$2,937,452$1,130,540$823,093$1,870,486
79$3,199,640$1,148,504$813,234$1,983,617
80$3,487,391$1,166,169$801,865$2,106,899
81$3,803,277$1,183,483$788,899$2,241,366
82$4,150,128$1,200,391$774,245$2,388,156
83$4,531,065$1,216,833$757,805$2,548,525
84$4,949,521$1,232,746$739,480$2,723,860
85$5,409,284$1,248,062$719,164$2,915,692
86$5,914,522$1,262,708$696,747$3,125,709
87$6,469,829$1,276,607$672,114$3,355,773
88$7,080,267$1,289,676$645,145$3,607,938
89$7,751,410$1,301,826$615,713$3,884,472
90$8,489,402$1,312,964$583,688$4,187,875
91$9,301,011$1,322,989$548,931$4,520,904
92$10,193,693$1,331,794$511,299$4,886,604
93$11,175,664$1,339,266$470,642$5,288,329
94$12,255,976$1,345,284$426,803$5,729,782
95$13,444,602$1,349,720$379,617$6,215,046
96$14,752,531$1,352,436$328,914$6,748,623
97$16,191,871$1,353,287$274,515$7,335,480
98$17,775,963$1,352,119$216,232$7,981,096
99$19,519,507$1,348,769$153,872$8,691,509
100$21,438,700$1,343,062$87,230$9,473,383