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%13.3%
1 years$66,724$66,130$65,550$64,984$64,431$63,547
2 years$33,032$32,416$31,820$31,242$30,681$29,792
3 years$21,802$21,185$20,590$20,017$19,466$18,599
4 years$16,189$15,573$14,984$14,421$13,883$13,046
5 years$12,822$12,209$11,628$11,077$10,554$9,748
6 years$10,577$9,970$9,397$8,858$8,351$7,578
7 years$8,975$8,373$7,809$7,283$6,791$6,051
8 years$7,774$7,177$6,623$6,109$5,634$4,927
9 years$6,840$6,249$5,704$5,204$4,745$4,070
10 years$6,094$5,508$4,973$4,486$4,043$3,400
11 years$5,483$4,903$4,378$3,904$3,477$2,866
12 years$4,975$4,401$3,886$3,424$3,013$2,432
13 years$4,545$3,977$3,472$3,023$2,627$2,077
14 years$4,177$3,615$3,119$2,684$2,303$1,782
15 years$3,858$3,303$2,816$2,393$2,028$1,534
16 years$3,580$3,030$2,553$2,143$1,792$1,326
17 years$3,334$2,791$2,323$1,925$1,589$1,149
18 years$3,116$2,579$2,121$1,735$1,413$998
19 years$2,921$2,390$1,942$1,568$1,259$869
20 years$2,746$2,221$1,782$1,420$1,125$758
21 years$2,588$2,069$1,639$1,289$1,007$662
22 years$2,444$1,931$1,511$1,172$902$579
23 years$2,313$1,806$1,395$1,067$810$507
24 years$2,193$1,692$1,290$973$728$444
25 years$2,083$1,588$1,195$889$655$390
26 years$1,982$1,492$1,108$813$590$342
27 years$1,888$1,404$1,029$744$532$301
28 years$1,801$1,323$957$682$480$264
29 years$1,720$1,249$890$625$433$232
30 years$1,645$1,179$829$574$392$204
31 years$1,574$1,115$773$527$354$180
32 years$1,509$1,055$721$484$320$158
33 years$1,447$999$673$445$290$139
34 years$1,389$947$629$410$262$123
35 years$1,335$898$588$377$238$108
36 years$1,283$852$550$347$215$95
37 years$1,235$809$515$320$195$84
38 years$1,189$769$482$295$177$74
39 years$1,146$731$452$272$160$65
40 years$1,105$696$424$251$146$58
41 years$1,066$662$397$231$132$51
42 years$1,029$631$373$214$120$45
43 years$994$601$350$197$109$40
44 years$960$573$328$182$99$35
45 years$928$546$308$168$90$31
46 years$898$521$289$155$81$27
47 years$869$497$272$143$74$24
48 years$841$475$255$133$67$21
49 years$814$453$240$123$61$19
50 years$789$433$226$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $808,000, adding $3,557 every year, while hoping to spend $56,443 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: 42/42/16 Blend
62$808,000$808,000$808,000$808,000
63$894,085$851,261$838,737$927,308
64$925,227$832,918$806,780$932,739
65$957,653$811,784$771,860$932,792
66$991,436$787,664$733,820$931,644
67$1,026,652$760,348$692,492$929,214
68$1,063,383$729,619$647,703$925,412
69$1,101,720$695,241$599,273$920,149
70$1,141,758$656,971$547,011$913,328
71$1,183,601$614,546$490,720$904,852
72$1,227,361$567,692$430,192$894,616
73$1,273,161$516,118$365,213$882,513
74$1,321,132$459,516$295,555$868,432
75$1,371,416$397,561$220,985$852,255
76$1,424,168$329,909$141,256$833,864
77$1,479,556$256,197$56,111$813,133
78$1,537,762$176,043$0$789,934
79$1,598,986$89,041$0$770,068
80$1,663,442$0$0$758,073
81$1,731,365$0$0$746,690
82$1,803,011$0$0$778,129
83$1,878,659$0$0$811,366
84$1,958,613$0$0$846,540
85$2,043,205$0$0$883,803
86$2,132,797$0$0$923,321
87$2,227,784$0$0$965,274
88$2,328,600$0$0$1,009,862
89$2,435,716$0$0$1,057,301
90$2,549,651$0$0$1,107,828
91$2,670,971$0$0$1,161,704
92$2,800,294$0$0$1,219,212
93$2,938,300$0$0$1,280,665
94$3,085,733$0$0$1,346,405
95$3,243,407$0$0$1,416,807
96$3,412,216$0$0$1,492,280
97$3,593,141$0$0$1,573,278
98$3,787,255$0$0$1,660,294
99$3,995,738$0$0$1,753,872
100$4,219,886$0$0$1,854,607