Can I retire at age 63 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,155$64,575$64,008$63,456$62,916$62,285
2 years$32,255$31,654$31,072$30,508$29,960$29,324
3 years$21,290$20,686$20,106$19,546$19,008$18,387
4 years$15,808$15,207$14,632$14,082$13,557$12,956
5 years$12,520$11,922$11,355$10,816$10,305$9,727
6 years$10,329$9,735$9,176$8,650$8,154$7,598
7 years$8,764$8,176$7,626$7,112$6,632$6,098
8 years$7,591$7,008$6,467$5,966$5,502$4,991
9 years$6,679$6,102$5,570$5,082$4,633$4,145
10 years$5,950$5,378$4,856$4,380$3,948$3,481
11 years$5,354$4,788$4,275$3,812$3,395$2,950
12 years$4,858$4,298$3,794$3,344$2,942$2,519
13 years$4,438$3,884$3,390$2,952$2,566$2,163
14 years$4,079$3,530$3,046$2,621$2,249$1,867
15 years$3,768$3,225$2,750$2,337$1,980$1,618
16 years$3,496$2,959$2,493$2,093$1,750$1,407
17 years$3,256$2,725$2,269$1,880$1,552$1,227
18 years$3,043$2,518$2,071$1,694$1,380$1,073
19 years$2,853$2,334$1,896$1,531$1,230$940
20 years$2,682$2,169$1,740$1,387$1,098$825
21 years$2,527$2,020$1,600$1,258$983$726
22 years$2,387$1,885$1,475$1,144$881$639
23 years$2,259$1,763$1,362$1,042$791$563
24 years$2,142$1,652$1,260$950$711$497
25 years$2,034$1,551$1,167$868$640$439
26 years$1,935$1,457$1,082$794$576$388
27 years$1,843$1,371$1,005$726$520$344
28 years$1,759$1,292$934$666$469$304
29 years$1,680$1,219$869$610$423$269
30 years$1,606$1,151$810$560$382$239
31 years$1,537$1,088$755$514$346$212
32 years$1,473$1,030$704$473$313$188
33 years$1,413$975$658$435$283$167
34 years$1,356$924$614$400$256$148
35 years$1,303$877$574$368$232$131
36 years$1,253$832$537$339$210$117
37 years$1,206$790$503$312$191$104
38 years$1,161$751$471$288$173$92
39 years$1,119$714$441$266$157$82
40 years$1,079$680$414$245$142$73
41 years$1,041$647$388$226$129$65
42 years$1,005$616$364$209$117$57
43 years$970$587$341$193$106$51
44 years$937$560$320$178$96$45
45 years$906$534$301$164$88$40
46 years$877$509$283$152$79$36
47 years$848$486$265$140$72$32
48 years$821$464$249$129$66$28
49 years$795$443$234$120$60$25
50 years$770$423$220$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $789,000, adding $3,474 every year, while hoping to spend $51,291 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: 43/46/11 Blend
62$789,000$789,000$789,000$789,000
63$873,061$831,244$819,015$907,676
64$907,540$817,402$791,879$918,326
65$943,817$801,163$762,114$924,416
66$982,021$782,354$729,580$929,869
67$1,022,293$760,795$694,126$934,647
68$1,064,785$736,293$655,598$938,711
69$1,109,666$708,644$613,833$942,025
70$1,157,117$677,632$568,662$944,552
71$1,207,338$643,031$519,907$946,255
72$1,260,545$604,598$467,382$947,101
73$1,316,976$562,079$410,895$947,057
74$1,376,891$515,204$350,243$946,093
75$1,440,573$463,688$285,215$944,182
76$1,508,332$407,230$215,591$941,302
77$1,580,509$345,511$141,140$937,432
78$1,657,475$278,195$61,622$932,561
79$1,739,638$204,927$0$926,681
80$1,827,444$125,331$0$922,521
81$1,921,382$39,012$0$925,260
82$2,021,990$0$0$927,708
83$2,129,856$0$0$957,493
84$2,245,625$0$0$1,010,721
85$2,370,006$0$0$1,067,979
86$2,503,777$0$0$1,129,632
87$2,647,791$0$0$1,196,085
88$2,802,986$0$0$1,267,781
89$2,970,393$0$0$1,345,204
90$3,151,143$0$0$1,428,890
91$3,346,479$0$0$1,519,426
92$3,557,767$0$0$1,617,458
93$3,786,510$0$0$1,723,695
94$4,034,360$0$0$1,838,917
95$4,303,131$0$0$1,963,984
96$4,594,821$0$0$2,099,838
97$4,911,625$0$0$2,247,519
98$5,255,960$0$0$2,408,169
99$5,630,482$0$0$2,583,043
100$6,038,115$0$0$2,773,527