Can I retire at age 63 with 785,000?

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 $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%11.2%
1 years$64,825$64,247$63,684$63,134$62,597$62,281
2 years$32,091$31,494$30,914$30,353$29,808$29,489
3 years$21,182$20,581$20,004$19,447$18,911$18,599
4 years$15,728$15,130$14,558$14,011$13,488$13,185
5 years$12,457$11,862$11,297$10,762$10,253$9,961
6 years$10,276$9,686$9,130$8,606$8,113$7,831
7 years$8,720$8,134$7,587$7,076$6,598$6,327
8 years$7,553$6,973$6,434$5,936$5,474$5,213
9 years$6,646$6,071$5,542$5,056$4,610$4,360
10 years$5,920$5,351$4,832$4,358$3,928$3,689
11 years$5,327$4,764$4,254$3,793$3,378$3,149
12 years$4,833$4,276$3,775$3,327$2,927$2,709
13 years$4,416$3,864$3,373$2,937$2,553$2,345
14 years$4,058$3,512$3,030$2,607$2,238$2,039
15 years$3,749$3,209$2,736$2,325$1,970$1,781
16 years$3,478$2,944$2,481$2,082$1,741$1,562
17 years$3,239$2,711$2,257$1,871$1,544$1,374
18 years$3,027$2,505$2,061$1,686$1,373$1,211
19 years$2,838$2,322$1,886$1,523$1,224$1,070
20 years$2,668$2,158$1,731$1,380$1,093$948
21 years$2,514$2,010$1,592$1,252$978$841
22 years$2,375$1,876$1,468$1,138$877$747
23 years$2,247$1,755$1,355$1,037$787$665
24 years$2,131$1,644$1,253$946$707$592
25 years$2,024$1,543$1,161$864$636$528
26 years$1,925$1,450$1,077$790$573$471
27 years$1,834$1,365$1,000$723$517$421
28 years$1,750$1,286$929$662$466$376
29 years$1,671$1,213$865$607$421$337
30 years$1,598$1,146$806$557$381$301
31 years$1,530$1,083$751$512$344$270
32 years$1,466$1,025$701$470$311$242
33 years$1,406$970$654$433$282$216
34 years$1,350$920$611$398$255$194
35 years$1,297$872$571$366$231$174
36 years$1,247$828$535$337$209$156
37 years$1,200$786$500$311$190$140
38 years$1,155$747$469$287$172$126
39 years$1,113$711$439$264$156$113
40 years$1,073$676$411$244$141$101
41 years$1,035$644$386$225$128$91
42 years$999$613$362$208$116$82
43 years$965$584$340$192$106$73
44 years$933$557$319$177$96$66
45 years$902$531$299$163$87$59
46 years$872$506$281$151$79$53
47 years$844$483$264$139$72$48
48 years$817$461$248$129$65$43
49 years$791$441$233$119$59$39
50 years$766$421$219$110$54$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $785,000, adding $4,699 every year, while hoping to spend $52,590 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: 65/7/28 Blend
62$785,000$785,000$785,000$785,000
63$869,917$828,312$816,145$919,737
64$902,693$812,944$787,530$938,616
65$937,050$795,060$756,194$952,984
66$973,093$774,482$721,991$967,536
67$1,010,937$751,020$684,766$982,297
68$1,050,707$724,474$644,360$997,295
69$1,092,537$694,632$600,605$1,012,564
70$1,136,577$661,270$553,325$1,028,140
71$1,182,985$624,149$502,339$1,044,070
72$1,231,937$583,020$447,455$1,060,405
73$1,283,623$537,617$388,473$1,077,204
74$1,338,251$487,658$325,185$1,094,536
75$1,396,047$432,848$257,374$1,112,478
76$1,457,260$372,873$184,811$1,131,118
77$1,522,158$307,402$107,261$1,150,558
78$1,591,039$236,086$24,474$1,170,913
79$1,664,224$158,553$0$1,192,311
80$1,742,068$74,415$0$1,233,982
81$1,824,957$0$0$1,286,053
82$1,913,314$0$0$1,342,764
83$2,007,603$0$0$1,409,430
84$2,108,332$0$0$1,480,681
85$2,216,059$0$0$1,556,915
86$2,331,392$0$0$1,638,569
87$2,455,003$0$0$1,726,122
88$2,587,624$0$0$1,820,099
89$2,730,063$0$0$1,921,075
90$2,883,203$0$0$2,029,684
91$3,048,016$0$0$2,146,619
92$3,225,568$0$0$2,272,644
93$3,417,029$0$0$2,408,596
94$3,623,687$0$0$2,555,396
95$3,846,955$0$0$2,714,055
96$4,088,386$0$0$2,885,684
97$4,349,688$0$0$3,071,506
98$4,632,738$0$0$3,272,862
99$4,939,599$0$0$3,491,232
100$5,272,541$0$0$3,728,238