Can I retire at age 63 with 784,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$64,742$64,165$63,603$63,053$62,517$61,006
2 years$32,050$31,454$30,875$30,314$29,770$28,257
3 years$21,155$20,555$19,978$19,423$18,887$17,419
4 years$15,708$15,110$14,539$13,993$13,471$12,059
5 years$12,441$11,847$11,283$10,748$10,240$8,888
6 years$10,263$9,674$9,118$8,595$8,103$6,813
7 years$8,709$8,124$7,577$7,067$6,590$5,361
8 years$7,543$6,964$6,426$5,928$5,467$4,300
9 years$6,637$6,063$5,535$5,049$4,604$3,497
10 years$5,913$5,344$4,825$4,353$3,923$2,875
11 years$5,320$4,758$4,248$3,788$3,374$2,384
12 years$4,827$4,270$3,770$3,323$2,924$1,990
13 years$4,410$3,859$3,368$2,933$2,549$1,670
14 years$4,053$3,508$3,027$2,604$2,235$1,407
15 years$3,744$3,204$2,733$2,322$1,968$1,191
16 years$3,473$2,940$2,477$2,079$1,739$1,010
17 years$3,235$2,708$2,254$1,868$1,542$859
18 years$3,024$2,502$2,058$1,684$1,371$733
19 years$2,835$2,319$1,884$1,521$1,222$626
20 years$2,665$2,155$1,729$1,378$1,092$535
21 years$2,511$2,007$1,590$1,250$977$458
22 years$2,372$1,874$1,466$1,137$876$393
23 years$2,244$1,752$1,353$1,035$786$337
24 years$2,128$1,642$1,252$944$706$289
25 years$2,021$1,541$1,159$862$636$249
26 years$1,923$1,448$1,075$789$573$214
27 years$1,832$1,363$998$722$516$184
28 years$1,747$1,284$928$661$466$158
29 years$1,669$1,211$864$606$421$136
30 years$1,596$1,144$805$557$380$117
31 years$1,528$1,082$750$511$344$101
32 years$1,464$1,023$700$470$311$87
33 years$1,404$969$653$432$281$75
34 years$1,348$919$610$397$255$65
35 years$1,295$871$571$366$231$56
36 years$1,245$827$534$337$209$48
37 years$1,198$785$500$311$189$41
38 years$1,154$746$468$286$172$36
39 years$1,112$710$438$264$156$31
40 years$1,072$675$411$243$141$27
41 years$1,034$643$385$225$128$23
42 years$998$612$361$207$116$20
43 years$964$583$339$191$106$17
44 years$932$556$318$177$96$15
45 years$901$530$299$163$87$13
46 years$871$506$281$151$79$11
47 years$843$483$264$139$72$9
48 years$816$461$248$129$65$8
49 years$790$440$233$119$59$7
50 years$765$420$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $784,000, adding $4,996 every year, while hoping to spend $47,108 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: 31/48/21 Blend
62$784,000$784,000$784,000$784,000
63$869,121$827,569$815,417$890,261
64$907,649$817,998$792,611$897,090
65$948,528$806,378$767,462$899,844
66$991,948$792,561$739,842$901,827
67$1,038,117$776,386$709,617$902,999
68$1,087,262$757,687$676,647$903,325
69$1,139,632$736,283$640,784$902,766
70$1,195,501$711,987$601,877$901,289
71$1,255,167$684,599$559,764$898,860
72$1,318,956$653,907$514,279$895,448
73$1,387,229$619,688$465,246$891,025
74$1,460,379$581,704$412,484$885,567
75$1,538,836$539,707$355,802$879,055
76$1,623,076$493,431$294,999$871,474
77$1,713,617$442,597$229,869$862,816
78$1,811,031$386,909$160,195$853,079
79$1,915,944$326,055$85,748$842,272
80$2,029,043$259,705$6,294$830,413
81$2,151,086$187,510$0$817,530
82$2,282,901$109,103$0$821,255
83$2,425,403$24,095$0$826,706
84$2,579,594$0$0$832,606
85$2,746,576$0$0$874,991
86$2,927,562$0$0$934,826
87$3,123,885$0$0$999,837
88$3,337,012$0$0$1,070,524
89$3,568,553$0$0$1,147,435
90$3,820,283$0$0$1,231,174
91$4,094,154$0$0$1,322,405
92$4,392,311$0$0$1,421,861
93$4,717,119$0$0$1,530,344
94$5,071,175$0$0$1,648,742
95$5,457,342$0$0$1,778,028
96$5,878,768$0$0$1,919,277
97$6,338,921$0$0$2,073,670
98$6,841,615$0$0$2,242,508
99$7,391,052$0$0$2,427,223
100$7,991,857$0$0$2,629,392