Can I retire at age 63 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$64,659$64,083$63,522$62,973$62,438$60,439
2 years$32,010$31,413$30,836$30,276$29,732$27,737
3 years$21,128$20,529$19,953$19,398$18,863$16,934
4 years$15,688$15,091$14,520$13,975$13,453$11,605
5 years$12,425$11,832$11,268$10,734$10,227$8,465
6 years$10,250$9,661$9,107$8,584$8,092$6,417
7 years$8,697$8,114$7,568$7,058$6,581$4,993
8 years$7,533$6,955$6,418$5,920$5,460$3,958
9 years$6,629$6,055$5,528$5,043$4,598$3,180
10 years$5,905$5,338$4,819$4,347$3,918$2,582
11 years$5,314$4,752$4,243$3,783$3,369$2,114
12 years$4,821$4,265$3,765$3,318$2,920$1,741
13 years$4,404$3,854$3,364$2,930$2,546$1,441
14 years$4,048$3,503$3,023$2,601$2,232$1,198
15 years$3,739$3,200$2,729$2,319$1,965$1,000
16 years$3,469$2,936$2,474$2,077$1,737$836
17 years$3,231$2,704$2,252$1,866$1,540$701
18 years$3,020$2,499$2,055$1,682$1,369$589
19 years$2,831$2,316$1,882$1,519$1,220$495
20 years$2,661$2,152$1,727$1,376$1,090$417
21 years$2,508$2,005$1,588$1,249$976$352
22 years$2,369$1,871$1,464$1,136$874$297
23 years$2,242$1,750$1,352$1,034$785$251
24 years$2,125$1,640$1,250$943$706$212
25 years$2,019$1,539$1,158$861$635$179
26 years$1,920$1,446$1,074$788$572$152
27 years$1,829$1,361$997$721$516$128
28 years$1,745$1,283$927$661$465$109
29 years$1,667$1,210$863$606$420$92
30 years$1,594$1,143$803$556$380$78
31 years$1,526$1,080$749$511$343$66
32 years$1,462$1,022$699$469$310$56
33 years$1,402$968$653$431$281$47
34 years$1,346$917$610$397$254$40
35 years$1,293$870$570$365$230$34
36 years$1,244$826$533$337$209$29
37 years$1,197$784$499$310$189$24
38 years$1,152$745$467$286$172$21
39 years$1,110$709$438$264$156$18
40 years$1,070$674$410$243$141$15
41 years$1,033$642$385$224$128$13
42 years$997$611$361$207$116$11
43 years$963$583$339$191$105$9
44 years$930$555$318$176$96$8
45 years$899$529$299$163$87$7
46 years$870$505$280$150$79$6
47 years$842$482$263$139$72$5
48 years$815$460$248$128$65$4
49 years$789$439$233$119$59$3
50 years$764$420$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $783,000, adding $3,654 every year, while hoping to spend $43,503 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: 83/12/5 Blend
62$783,000$783,000$783,000$783,000
63$866,635$825,136$813,000$938,209
64$908,745$819,281$793,948$979,619
65$953,692$811,681$772,801$1,018,816
66$1,001,720$802,204$749,441$1,060,483
67$1,053,095$790,712$723,747$1,104,843
68$1,108,110$777,057$695,592$1,152,137
69$1,167,087$761,081$664,843$1,202,632
70$1,230,376$742,621$631,362$1,256,624
71$1,298,364$721,499$595,002$1,314,434
72$1,371,476$697,531$555,614$1,376,421
73$1,450,177$670,520$513,037$1,442,977
74$1,534,977$640,258$467,106$1,514,536
75$1,626,439$606,525$417,648$1,591,574
76$1,725,179$569,088$364,483$1,674,617
77$1,831,876$527,702$307,421$1,764,244
78$1,947,273$482,105$246,265$1,861,095
79$2,072,190$432,023$180,811$1,965,872
80$2,207,527$377,166$110,841$2,079,352
81$2,354,273$317,226$36,133$2,202,390
82$2,513,517$251,878$0$2,335,929
83$2,686,456$180,780$0$2,483,333
84$2,874,406$103,570$0$2,645,631
85$3,078,817$19,866$0$2,822,170
86$3,301,280$0$0$3,014,357
87$3,543,550$0$0$3,233,082
88$3,807,556$0$0$3,474,304
89$4,095,422$0$0$3,737,341
90$4,409,484$0$0$4,024,331
91$4,752,314$0$0$4,337,626
92$5,126,745$0$0$4,679,815
93$5,535,893$0$0$5,053,750
94$5,983,190$0$0$5,462,569
95$6,472,415$0$0$5,909,728
96$7,007,727$0$0$6,399,031
97$7,593,707$0$0$6,934,668
98$8,235,400$0$0$7,521,252
99$8,938,360$0$0$8,163,865
100$9,708,705$0$0$8,868,100