Can I retire at age 63 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$64,577$64,002$63,440$62,893$62,358$61,835
2 years$31,969$31,373$30,796$30,237$29,694$29,168
3 years$21,101$20,503$19,927$19,373$18,839$18,325
4 years$15,668$15,072$14,502$13,957$13,436$12,938
5 years$12,409$11,816$11,254$10,720$10,214$9,733
6 years$10,237$9,649$9,095$8,573$8,082$7,620
7 years$8,686$8,103$7,558$7,049$6,573$6,129
8 years$7,524$6,946$6,410$5,913$5,453$5,027
9 years$6,620$6,048$5,521$5,036$4,592$4,185
10 years$5,898$5,331$4,813$4,341$3,913$3,524
11 years$5,307$4,746$4,237$3,778$3,365$2,994
12 years$4,815$4,259$3,761$3,314$2,916$2,562
13 years$4,399$3,849$3,360$2,926$2,543$2,206
14 years$4,043$3,499$3,019$2,597$2,229$1,909
15 years$3,734$3,196$2,726$2,316$1,963$1,659
16 years$3,465$2,933$2,471$2,074$1,735$1,446
17 years$3,227$2,701$2,249$1,863$1,538$1,265
18 years$3,016$2,496$2,053$1,679$1,368$1,109
19 years$2,827$2,313$1,879$1,517$1,219$975
20 years$2,658$2,149$1,725$1,374$1,089$858
21 years$2,505$2,002$1,586$1,247$974$757
22 years$2,366$1,869$1,462$1,134$873$668
23 years$2,239$1,748$1,350$1,033$784$591
24 years$2,123$1,638$1,248$942$705$523
25 years$2,016$1,537$1,156$860$634$464
26 years$1,918$1,444$1,072$787$571$411
27 years$1,827$1,359$996$720$515$365
28 years$1,743$1,281$926$660$465$324
29 years$1,665$1,208$861$605$420$288
30 years$1,592$1,141$802$555$379$256
31 years$1,524$1,079$748$510$343$228
32 years$1,460$1,021$698$469$310$203
33 years$1,400$967$652$431$281$181
34 years$1,344$916$609$396$254$161
35 years$1,292$869$569$365$230$143
36 years$1,242$825$533$336$208$128
37 years$1,195$783$498$310$189$114
38 years$1,151$744$467$285$171$101
39 years$1,109$708$437$263$155$90
40 years$1,069$674$410$243$141$81
41 years$1,031$641$384$224$128$72
42 years$996$611$361$207$116$64
43 years$962$582$338$191$105$57
44 years$929$555$318$176$96$51
45 years$898$529$298$163$87$46
46 years$869$504$280$150$79$41
47 years$841$481$263$139$72$36
48 years$814$460$247$128$65$32
49 years$788$439$232$119$59$29
50 years$764$419$219$110$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $782,000, adding $5,162 every year, while hoping to spend $35,589 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: 81/6/13 Blend
62$782,000$782,000$782,000$782,000
63$867,089$825,643$813,522$934,769
64$917,665$828,233$802,908$982,535
65$972,208$829,757$790,746$1,029,790
66$1,031,083$830,125$776,947$1,080,623
67$1,094,695$829,243$761,416$1,135,376
68$1,163,486$827,008$744,055$1,194,425
69$1,237,944$823,313$724,763$1,258,184
70$1,318,603$818,045$703,432$1,327,110
71$1,406,053$811,081$679,949$1,401,705
72$1,500,941$802,294$654,197$1,482,524
73$1,603,978$791,548$626,055$1,570,178
74$1,715,949$778,699$595,392$1,665,338
75$1,837,714$763,593$562,076$1,768,747
76$1,970,221$746,070$525,966$1,881,222
77$2,114,513$725,957$486,916$2,003,664
78$2,271,738$703,074$444,772$2,137,064
79$2,443,159$677,228$399,375$2,282,517
80$2,630,165$648,216$350,559$2,441,228
81$2,834,287$615,823$298,147$2,614,527
82$3,057,208$579,823$241,959$2,803,878
83$3,300,783$539,973$181,804$3,010,895
84$3,567,052$496,021$117,484$3,237,357
85$3,858,263$447,698$48,791$3,485,226
86$4,176,889$394,718$0$3,756,664
87$4,525,655$336,783$0$4,057,454
88$4,907,562$273,575$0$4,394,264
89$5,325,912$204,759$0$4,763,249
90$5,784,343$129,981$0$5,167,632
91$6,286,863$48,867$0$5,610,968
92$6,837,885$0$0$6,097,169
93$7,442,268$0$0$6,633,122
94$8,105,366$0$0$7,224,702
95$8,833,075$0$0$7,873,945
96$9,631,892$0$0$8,586,649
97$10,508,969$0$0$9,369,201
98$11,472,189$0$0$10,228,634
99$12,530,234$0$0$11,172,698
100$13,692,668$0$0$12,209,931