Can I retire at age 63 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$65,237$64,656$64,089$63,536$62,996$60,616
2 years$32,296$31,694$31,111$30,546$29,998$27,628
3 years$21,317$20,713$20,131$19,571$19,032$16,746
4 years$15,828$15,226$14,650$14,100$13,574$11,390
5 years$12,536$11,937$11,369$10,830$10,319$8,242
6 years$10,342$9,748$9,188$8,661$8,165$6,197
7 years$8,775$8,186$7,635$7,121$6,640$4,781
8 years$7,601$7,017$6,475$5,973$5,509$3,756
9 years$6,688$6,110$5,577$5,088$4,639$2,991
10 years$5,958$5,385$4,862$4,386$3,953$2,405
11 years$5,361$4,794$4,281$3,817$3,399$1,950
12 years$4,864$4,303$3,799$3,348$2,946$1,590
13 years$4,444$3,889$3,394$2,956$2,569$1,303
14 years$4,084$3,535$3,050$2,624$2,252$1,072
15 years$3,772$3,229$2,753$2,340$1,983$885
16 years$3,500$2,963$2,496$2,095$1,752$732
17 years$3,260$2,728$2,272$1,883$1,554$607
18 years$3,047$2,521$2,074$1,697$1,382$504
19 years$2,856$2,337$1,898$1,533$1,231$419
20 years$2,685$2,171$1,742$1,388$1,100$349
21 years$2,530$2,022$1,603$1,260$984$291
22 years$2,390$1,888$1,477$1,146$882$243
23 years$2,262$1,766$1,364$1,043$792$203
24 years$2,144$1,654$1,261$952$712$169
25 years$2,037$1,553$1,168$869$641$141
26 years$1,938$1,459$1,083$795$577$118
27 years$1,846$1,373$1,006$727$520$99
28 years$1,761$1,294$935$666$469$83
29 years$1,682$1,221$870$611$424$69
30 years$1,608$1,153$811$561$383$58
31 years$1,539$1,090$756$515$346$48
32 years$1,475$1,031$705$473$313$41
33 years$1,415$977$658$435$283$34
34 years$1,358$926$615$401$257$28
35 years$1,305$878$575$369$232$24
36 years$1,255$833$538$340$211$20
37 years$1,207$791$504$313$191$17
38 years$1,163$752$472$288$173$14
39 years$1,120$715$442$266$157$12
40 years$1,080$680$414$245$142$10
41 years$1,042$648$388$226$129$8
42 years$1,006$617$364$209$117$7
43 years$971$588$342$193$106$6
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $790,000, adding $2,078 every year, while hoping to spend $59,456 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: 53/29/18 Blend
62$790,000$790,000$790,000$790,000
63$872,723$830,853$818,608$914,603
64$898,481$808,305$782,771$920,980
65$924,872$782,658$743,741$921,480
66$951,900$753,699$701,347$920,722
67$979,565$721,201$655,413$918,606
68$1,007,864$684,924$605,753$915,023
69$1,036,794$644,613$552,174$909,857
70$1,066,348$600,000$494,472$902,986
71$1,096,517$550,801$432,438$894,277
72$1,127,286$496,715$365,849$883,591
73$1,158,640$437,425$294,476$870,780
74$1,190,558$372,596$218,078$855,683
75$1,223,014$301,872$136,403$838,132
76$1,255,978$224,880$49,189$817,948
77$1,289,413$141,225$0$794,936
78$1,323,276$50,488$0$777,320
79$1,357,517$0$0$767,084
80$1,392,078$0$0$769,838
81$1,426,890$0$0$788,809
82$1,461,878$0$0$807,840
83$1,496,951$0$0$826,876
84$1,532,010$0$0$845,859
85$1,566,939$0$0$864,718
86$1,601,610$0$0$883,378
87$1,635,874$0$0$901,751
88$1,669,566$0$0$919,737
89$1,702,500$0$0$937,228
90$1,734,467$0$0$954,099
91$1,765,231$0$0$970,211
92$1,794,529$0$0$985,408
93$1,822,067$0$0$999,516
94$1,847,516$0$0$1,012,342
95$1,870,507$0$0$1,023,669
96$1,890,632$0$0$1,033,255
97$1,907,433$0$0$1,040,832
98$1,920,403$0$0$1,046,101
99$1,928,976$0$0$1,048,729
100$1,932,523$0$0$1,048,346