Can I retire at age 63 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$64,742$64,165$63,603$63,053$62,517$61,056
2 years$32,050$31,454$30,875$30,314$29,770$28,306
3 years$21,155$20,555$19,978$19,423$18,887$17,466
4 years$15,708$15,110$14,539$13,993$13,471$12,103
5 years$12,441$11,847$11,283$10,748$10,240$8,931
6 years$10,263$9,674$9,118$8,595$8,103$6,853
7 years$8,709$8,124$7,577$7,067$6,590$5,399
8 years$7,543$6,964$6,426$5,928$5,467$4,335
9 years$6,637$6,063$5,535$5,049$4,604$3,530
10 years$5,913$5,344$4,825$4,353$3,923$2,906
11 years$5,320$4,758$4,248$3,788$3,374$2,412
12 years$4,827$4,270$3,770$3,323$2,924$2,016
13 years$4,410$3,859$3,368$2,933$2,549$1,694
14 years$4,053$3,508$3,027$2,604$2,235$1,430
15 years$3,744$3,204$2,733$2,322$1,968$1,211
16 years$3,473$2,940$2,477$2,079$1,739$1,029
17 years$3,235$2,708$2,254$1,868$1,542$877
18 years$3,024$2,502$2,058$1,684$1,371$749
19 years$2,835$2,319$1,884$1,521$1,222$640
20 years$2,665$2,155$1,729$1,378$1,092$548
21 years$2,511$2,007$1,590$1,250$977$470
22 years$2,372$1,874$1,466$1,137$876$404
23 years$2,244$1,752$1,353$1,035$786$347
24 years$2,128$1,642$1,252$944$706$298
25 years$2,021$1,541$1,159$862$636$257
26 years$1,923$1,448$1,075$789$573$221
27 years$1,832$1,363$998$722$516$191
28 years$1,747$1,284$928$661$466$164
29 years$1,669$1,211$864$606$421$142
30 years$1,596$1,144$805$557$380$122
31 years$1,528$1,082$750$511$344$105
32 years$1,464$1,023$700$470$311$91
33 years$1,404$969$653$432$281$79
34 years$1,348$919$610$397$255$68
35 years$1,295$871$571$366$231$59
36 years$1,245$827$534$337$209$51
37 years$1,198$785$500$311$189$44
38 years$1,154$746$468$286$172$38
39 years$1,112$710$438$264$156$33
40 years$1,072$675$411$243$141$28
41 years$1,034$643$385$225$128$24
42 years$998$612$361$207$116$21
43 years$964$583$339$191$106$18
44 years$932$556$318$177$96$16
45 years$901$530$299$163$87$14
46 years$871$506$281$151$79$12
47 years$843$483$264$139$72$10
48 years$816$461$248$129$65$9
49 years$790$440$233$119$59$8
50 years$765$420$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $784,000, adding $5,976 every year, while hoping to spend $22,197 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: 65/6/29 Blend
62$784,000$784,000$784,000$784,000
63$870,132$828,580$816,428$919,636
64$935,268$845,563$820,161$970,832
65$1,006,304$862,634$823,275$1,023,781
66$1,083,819$879,775$825,726$1,081,179
67$1,168,448$896,963$827,468$1,143,465
68$1,260,893$914,178$828,451$1,211,126
69$1,361,925$931,393$828,625$1,284,697
70$1,472,393$948,584$827,936$1,364,770
71$1,593,233$965,721$826,328$1,451,995
72$1,725,475$982,773$823,742$1,547,091
73$1,870,252$999,707$820,116$1,650,849
74$2,028,812$1,016,488$815,384$1,764,142
75$2,202,532$1,033,076$809,480$1,887,931
76$2,392,924$1,049,431$802,332$2,023,279
77$2,601,657$1,065,507$793,865$2,171,353
78$2,830,567$1,081,258$784,000$2,333,445
79$3,081,677$1,096,633$772,657$2,510,974
80$3,357,217$1,111,576$759,749$2,705,508
81$3,659,639$1,126,029$745,187$2,918,775
82$3,991,648$1,139,931$728,877$3,152,679
83$4,356,222$1,153,213$710,720$3,409,320
84$4,756,641$1,165,805$690,613$3,691,012
85$5,196,519$1,177,631$668,450$4,000,308
86$5,679,839$1,188,609$644,117$4,340,020
87$6,210,985$1,198,653$617,498$4,713,250
88$6,794,789$1,207,671$588,468$5,123,416
89$7,436,576$1,215,565$556,900$5,574,287
90$8,142,209$1,222,231$522,659$6,070,017
91$8,918,151$1,227,557$485,604$6,615,185
92$9,771,521$1,231,425$445,590$7,214,840
93$10,710,161$1,233,709$402,462$7,874,545
94$11,742,713$1,234,277$356,061$8,600,436
95$12,878,700$1,232,987$306,219$9,399,272
96$14,128,611$1,229,687$252,761$10,278,507
97$15,504,006$1,224,219$195,505$11,246,357
98$17,017,622$1,216,412$134,262$12,311,876
99$18,683,490$1,206,088$68,831$13,485,046
100$20,517,075$1,193,054$0$14,776,868