Can I retire at age 63 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$64,825$64,247$63,684$63,134$62,597$60,788
2 years$32,091$31,494$30,914$30,353$29,808$28,000
3 years$21,182$20,581$20,004$19,447$18,911$17,161
4 years$15,728$15,130$14,558$14,011$13,488$11,808
5 years$12,457$11,862$11,297$10,762$10,253$8,649
6 years$10,276$9,686$9,130$8,606$8,113$6,586
7 years$8,720$8,134$7,587$7,076$6,598$5,148
8 years$7,553$6,973$6,434$5,936$5,474$4,100
9 years$6,646$6,071$5,542$5,056$4,610$3,310
10 years$5,920$5,351$4,832$4,358$3,928$2,701
11 years$5,327$4,764$4,254$3,793$3,378$2,222
12 years$4,833$4,276$3,775$3,327$2,927$1,840
13 years$4,416$3,864$3,373$2,937$2,553$1,532
14 years$4,058$3,512$3,030$2,607$2,238$1,281
15 years$3,749$3,209$2,736$2,325$1,970$1,074
16 years$3,478$2,944$2,481$2,082$1,741$904
17 years$3,239$2,711$2,257$1,871$1,544$762
18 years$3,027$2,505$2,061$1,686$1,373$644
19 years$2,838$2,322$1,886$1,523$1,224$545
20 years$2,668$2,158$1,731$1,380$1,093$462
21 years$2,514$2,010$1,592$1,252$978$392
22 years$2,375$1,876$1,468$1,138$877$333
23 years$2,247$1,755$1,355$1,037$787$283
24 years$2,131$1,644$1,253$946$707$241
25 years$2,024$1,543$1,161$864$636$205
26 years$1,925$1,450$1,077$790$573$174
27 years$1,834$1,365$1,000$723$517$149
28 years$1,750$1,286$929$662$466$127
29 years$1,671$1,213$865$607$421$108
30 years$1,598$1,146$806$557$381$92
31 years$1,530$1,083$751$512$344$78
32 years$1,466$1,025$701$470$311$67
33 years$1,406$970$654$433$282$57
34 years$1,350$920$611$398$255$49
35 years$1,297$872$571$366$231$42
36 years$1,247$828$535$337$209$36
37 years$1,200$786$500$311$190$30
38 years$1,155$747$469$287$172$26
39 years$1,113$711$439$264$156$22
40 years$1,073$676$411$244$141$19
41 years$1,035$644$386$225$128$16
42 years$999$613$362$208$116$14
43 years$965$584$340$192$106$12
44 years$933$557$319$177$96$10
45 years$902$531$299$163$87$9
46 years$872$506$281$151$79$7
47 years$844$483$264$139$72$6
48 years$817$461$248$129$65$5
49 years$791$441$233$119$59$5
50 years$766$421$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $785,000, adding $6,151 every year, while hoping to spend $23,089 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: 33/45/22 Blend
62$785,000$785,000$785,000$785,000
63$871,415$829,810$817,642$894,117
64$935,733$845,904$820,467$927,697
65$1,005,837$862,013$822,612$961,332
66$1,082,294$878,113$824,031$997,109
67$1,165,726$894,178$824,674$1,035,232
68$1,256,818$910,182$824,489$1,075,924
69$1,356,327$926,094$823,422$1,119,435
70$1,465,081$941,881$821,416$1,166,038
71$1,583,996$957,510$818,411$1,216,036
72$1,714,079$972,944$814,343$1,269,763
73$1,856,439$988,142$809,147$1,327,589
74$2,012,296$1,003,061$802,754$1,389,922
75$2,182,996$1,017,657$795,092$1,457,213
76$2,370,019$1,031,879$786,084$1,529,960
77$2,574,995$1,045,675$775,652$1,608,713
78$2,799,721$1,058,989$763,713$1,694,080
79$3,046,174$1,071,761$750,179$1,786,732
80$3,316,533$1,083,927$734,959$1,887,411
81$3,613,197$1,095,418$717,958$1,996,935
82$3,938,810$1,106,160$699,077$2,116,208
83$4,296,284$1,116,077$678,211$2,246,229
84$4,688,824$1,125,085$655,251$2,388,100
85$5,119,965$1,133,095$630,083$2,543,038
86$5,593,598$1,140,013$602,587$2,712,387
87$6,114,011$1,145,739$572,639$2,897,631
88$6,685,927$1,150,166$540,109$3,100,407
89$7,314,548$1,153,182$504,860$3,322,523
90$8,005,609$1,154,665$466,750$3,565,975
91$8,765,426$1,154,487$425,630$3,832,966
92$9,600,955$1,152,513$381,344$4,125,926
93$10,519,864$1,148,598$333,731$4,447,540
94$11,530,600$1,142,589$282,621$4,800,766
95$12,642,469$1,134,324$227,836$5,188,874
96$13,865,724$1,123,629$169,192$5,615,469
97$15,211,664$1,110,323$106,496$6,084,528
98$16,692,736$1,094,211$39,546$6,600,443
99$18,322,656$1,075,089$0$7,168,055
100$20,116,537$1,052,738$0$7,800,198