Can I retire at age 63 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$64,990$64,411$63,846$63,295$62,756$61,921
2 years$32,173$31,574$30,993$30,430$29,884$29,044
3 years$21,236$20,634$20,055$19,497$18,960$18,140
4 years$15,768$15,168$14,595$14,046$13,522$12,730
5 years$12,488$11,892$11,326$10,789$10,279$9,517
6 years$10,303$9,711$9,153$8,628$8,134$7,403
7 years$8,742$8,155$7,606$7,094$6,615$5,915
8 years$7,572$6,990$6,451$5,951$5,488$4,818
9 years$6,662$6,086$5,556$5,069$4,621$3,983
10 years$5,935$5,365$4,844$4,369$3,938$3,329
11 years$5,341$4,776$4,264$3,803$3,387$2,808
12 years$4,846$4,287$3,785$3,335$2,935$2,385
13 years$4,427$3,874$3,381$2,945$2,559$2,037
14 years$4,068$3,521$3,038$2,614$2,243$1,749
15 years$3,758$3,217$2,743$2,331$1,975$1,507
16 years$3,487$2,951$2,487$2,087$1,746$1,304
17 years$3,248$2,718$2,263$1,875$1,548$1,131
18 years$3,035$2,512$2,066$1,690$1,376$983
19 years$2,845$2,328$1,891$1,527$1,227$856
20 years$2,675$2,163$1,736$1,383$1,096$747
21 years$2,521$2,015$1,596$1,255$981$653
22 years$2,381$1,881$1,471$1,141$879$572
23 years$2,253$1,759$1,359$1,039$789$501
24 years$2,136$1,648$1,256$948$709$439
25 years$2,029$1,547$1,164$866$638$386
26 years$1,930$1,454$1,079$792$575$339
27 years$1,839$1,368$1,002$725$518$298
28 years$1,754$1,289$932$664$468$262
29 years$1,675$1,216$867$609$422$231
30 years$1,602$1,148$808$559$382$203
31 years$1,534$1,086$753$513$345$179
32 years$1,469$1,027$702$472$312$158
33 years$1,409$973$656$434$282$139
34 years$1,353$922$613$399$256$122
35 years$1,300$875$573$367$232$108
36 years$1,250$830$536$338$210$95
37 years$1,203$788$502$312$190$84
38 years$1,158$749$470$287$172$74
39 years$1,116$712$440$265$156$65
40 years$1,076$678$413$244$142$58
41 years$1,038$645$387$225$129$51
42 years$1,002$614$363$208$117$45
43 years$968$585$340$192$106$40
44 years$935$558$320$177$96$35
45 years$904$532$300$164$87$31
46 years$874$508$282$151$79$27
47 years$846$484$265$140$72$24
48 years$819$463$249$129$65$21
49 years$793$442$234$119$59$19
50 years$768$422$220$110$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $787,000, adding $2,133 every year, while hoping to spend $41,569 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: 40/36/24 Blend
62$787,000$787,000$787,000$787,000
63$869,474$827,763$815,565$898,007
64$913,931$824,094$798,657$915,111
65$961,530$818,853$779,790$929,526
66$1,012,547$811,917$758,853$944,298
67$1,067,285$803,159$735,733$959,483
68$1,126,077$792,443$710,309$975,147
69$1,189,289$779,625$682,457$991,366
70$1,257,321$764,552$652,044$1,008,227
71$1,330,615$747,061$618,934$1,025,829
72$1,409,653$726,983$582,984$1,044,285
73$1,494,968$704,136$544,044$1,063,724
74$1,587,144$678,327$501,958$1,084,291
75$1,686,821$649,353$456,563$1,106,154
76$1,794,706$617,001$407,687$1,129,499
77$1,911,573$581,041$355,152$1,154,538
78$2,038,276$541,235$298,772$1,181,511
79$2,175,752$497,327$238,352$1,210,685
80$2,325,032$449,050$173,691$1,242,365
81$2,487,250$396,118$104,574$1,276,890
82$2,663,654$338,232$30,782$1,314,643
83$2,855,617$275,075$0$1,356,050
84$3,064,648$206,312$0$1,413,877
85$3,292,410$131,589$0$1,485,585
86$3,540,731$50,532$0$1,563,950
87$3,811,624$0$0$1,649,708
88$4,107,306$0$0$1,758,436
89$4,430,214$0$0$1,899,134
90$4,783,033$0$0$2,052,965
91$5,168,720$0$0$2,221,231
92$5,590,528$0$0$2,405,364
93$6,052,040$0$0$2,606,942
94$6,557,202$0$0$2,827,702
95$7,110,358$0$0$3,069,558
96$7,716,291$0$0$3,334,616
97$8,380,272$0$0$3,625,197
98$9,108,101$0$0$3,943,856
99$9,906,169$0$0$4,293,408
100$10,781,516$0$0$4,676,954