Can I retire at age 63 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$64,494$63,920$63,359$62,812$62,278$60,552
2 years$31,928$31,333$30,757$30,198$29,656$27,930
3 years$21,074$20,477$19,902$19,348$18,815$17,143
4 years$15,648$15,052$14,483$13,939$13,419$11,813
5 years$12,393$11,801$11,240$10,707$10,201$8,667
6 years$10,224$9,637$9,083$8,562$8,072$6,610
7 years$8,675$8,093$7,548$7,040$6,564$5,176
8 years$7,514$6,937$6,402$5,905$5,446$4,129
9 years$6,612$6,040$5,514$5,030$4,586$3,340
10 years$5,890$5,324$4,807$4,336$3,908$2,731
11 years$5,300$4,740$4,232$3,774$3,361$2,251
12 years$4,809$4,254$3,756$3,310$2,912$1,868
13 years$4,393$3,844$3,356$2,922$2,540$1,558
14 years$4,037$3,494$3,015$2,594$2,226$1,305
15 years$3,729$3,192$2,722$2,313$1,960$1,097
16 years$3,460$2,929$2,468$2,071$1,732$925
17 years$3,223$2,697$2,246$1,861$1,536$782
18 years$3,012$2,492$2,050$1,677$1,366$662
19 years$2,824$2,310$1,877$1,516$1,217$562
20 years$2,654$2,147$1,722$1,373$1,087$477
21 years$2,501$1,999$1,584$1,246$973$406
22 years$2,363$1,866$1,460$1,133$872$345
23 years$2,236$1,746$1,348$1,032$783$294
24 years$2,120$1,636$1,247$941$704$251
25 years$2,014$1,535$1,155$859$633$214
26 years$1,915$1,443$1,071$786$570$183
27 years$1,825$1,358$995$719$514$156
28 years$1,741$1,279$925$659$464$133
29 years$1,663$1,207$860$604$419$114
30 years$1,590$1,140$801$554$379$97
31 years$1,522$1,077$747$509$342$83
32 years$1,458$1,019$697$468$310$71
33 years$1,399$965$651$430$280$61
34 years$1,343$915$608$396$254$52
35 years$1,290$868$569$365$230$45
36 years$1,240$824$532$336$208$38
37 years$1,194$782$498$309$189$33
38 years$1,149$744$466$285$171$28
39 years$1,107$707$437$263$155$24
40 years$1,068$673$409$242$141$20
41 years$1,030$640$384$224$128$17
42 years$994$610$360$206$116$15
43 years$960$581$338$191$105$13
44 years$928$554$317$176$95$11
45 years$897$528$298$163$87$9
46 years$868$504$280$150$79$8
47 years$840$481$263$139$71$7
48 years$813$459$247$128$65$6
49 years$787$438$232$118$59$5
50 years$763$419$218$109$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $781,000, adding $3,526 every year, while hoping to spend $53,674 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: 71/7/22 Blend
62$781,000$781,000$781,000$781,000
63$864,299$822,906$810,801$920,720
64$895,349$806,120$780,854$942,028
65$927,767$786,712$748,105$958,670
66$961,636$764,498$712,403$975,576
67$997,045$739,281$673,591$992,764
68$1,034,092$710,854$631,505$1,010,258
69$1,072,882$678,998$585,972$1,028,085
70$1,113,527$643,480$536,813$1,046,276
71$1,156,151$604,054$483,841$1,064,867
72$1,200,887$560,462$426,859$1,083,899
73$1,247,882$512,429$365,662$1,103,419
74$1,297,291$459,663$300,038$1,123,480
75$1,349,287$401,859$229,761$1,144,144
76$1,404,057$338,693$154,601$1,165,479
77$1,461,803$269,821$74,312$1,187,566
78$1,522,747$194,882$0$1,210,492
79$1,587,130$113,494$0$1,237,028
80$1,655,216$25,254$0$1,283,407
81$1,727,291$0$0$1,332,360
82$1,803,671$0$0$1,389,513
83$1,884,697$0$0$1,452,226
84$1,970,746$0$0$1,518,846
85$2,062,226$0$0$1,589,694
86$2,159,587$0$0$1,665,120
87$2,263,319$0$0$1,745,508
88$2,373,961$0$0$1,831,278
89$2,492,102$0$0$1,922,890
90$2,618,387$0$0$2,020,848
91$2,753,524$0$0$2,125,705
92$2,898,289$0$0$2,238,068
93$3,053,533$0$0$2,358,601
94$3,220,190$0$0$2,488,034
95$3,399,284$0$0$2,627,169
96$3,591,941$0$0$2,776,884
97$3,799,396$0$0$2,938,145
98$4,023,005$0$0$3,112,012
99$4,264,259$0$0$3,299,650
100$4,524,794$0$0$3,502,339