Can I retire at age 63 with 790,000?

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 $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%17.8%
1 years$65,237$64,656$64,089$63,536$62,996$61,004
2 years$32,296$31,694$31,111$30,546$29,998$28,009
3 years$21,317$20,713$20,131$19,571$19,032$17,109
4 years$15,828$15,226$14,650$14,100$13,574$11,731
5 years$12,536$11,937$11,369$10,830$10,319$8,561
6 years$10,342$9,748$9,188$8,661$8,165$6,494
7 years$8,775$8,186$7,635$7,121$6,640$5,056
8 years$7,601$7,017$6,475$5,973$5,509$4,010
9 years$6,688$6,110$5,577$5,088$4,639$3,224
10 years$5,958$5,385$4,862$4,386$3,953$2,619
11 years$5,361$4,794$4,281$3,817$3,399$2,145
12 years$4,864$4,303$3,799$3,348$2,946$1,768
13 years$4,444$3,889$3,394$2,956$2,569$1,465
14 years$4,084$3,535$3,050$2,624$2,252$1,219
15 years$3,772$3,229$2,753$2,340$1,983$1,017
16 years$3,500$2,963$2,496$2,095$1,752$852
17 years$3,260$2,728$2,272$1,883$1,554$714
18 years$3,047$2,521$2,074$1,697$1,382$601
19 years$2,856$2,337$1,898$1,533$1,231$506
20 years$2,685$2,171$1,742$1,388$1,100$426
21 years$2,530$2,022$1,603$1,260$984$360
22 years$2,390$1,888$1,477$1,146$882$304
23 years$2,262$1,766$1,364$1,043$792$257
24 years$2,144$1,654$1,261$952$712$217
25 years$2,037$1,553$1,168$869$641$184
26 years$1,938$1,459$1,083$795$577$156
27 years$1,846$1,373$1,006$727$520$132
28 years$1,761$1,294$935$666$469$112
29 years$1,682$1,221$870$611$424$95
30 years$1,608$1,153$811$561$383$80
31 years$1,539$1,090$756$515$346$68
32 years$1,475$1,031$705$473$313$58
33 years$1,415$977$658$435$283$49
34 years$1,358$926$615$401$257$42
35 years$1,305$878$575$369$232$35
36 years$1,255$833$538$340$211$30
37 years$1,207$791$504$313$191$25
38 years$1,163$752$472$288$173$22
39 years$1,120$715$442$266$157$18
40 years$1,080$680$414$245$142$16
41 years$1,042$648$388$226$129$13
42 years$1,006$617$364$209$117$11
43 years$971$588$342$193$106$9
44 years$939$560$321$178$97$8
45 years$907$534$301$164$88$7
46 years$878$510$283$152$80$6
47 years$849$486$266$140$72$5
48 years$822$464$250$130$66$4
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $790,000, adding $4,754 every year, while hoping to spend $49,581 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: 57/26/17 Blend
62$790,000$790,000$790,000$790,000
63$875,484$833,614$821,369$921,221
64$912,029$821,707$796,131$940,910
65$950,641$807,555$768,386$956,556
66$991,476$790,996$737,997$972,483
67$1,034,709$771,857$704,822$988,726
68$1,080,528$749,956$668,712$1,005,329
69$1,129,139$725,101$629,511$1,022,341
70$1,180,768$697,088$587,057$1,039,820
71$1,235,662$665,701$541,178$1,057,833
72$1,294,090$630,710$491,698$1,076,456
73$1,356,348$591,876$438,431$1,095,775
74$1,422,759$548,942$381,182$1,115,891
75$1,493,679$501,638$319,750$1,136,917
76$1,569,495$449,679$253,922$1,158,982
77$1,650,633$392,763$183,479$1,182,233
78$1,737,560$330,571$108,188$1,206,835
79$1,830,789$262,767$27,810$1,232,977
80$1,930,881$188,994$0$1,260,871
81$2,038,453$108,877$0$1,301,270
82$2,154,182$22,018$0$1,349,995
83$2,278,811$0$0$1,402,349
84$2,413,156$0$0$1,479,323
85$2,558,115$0$0$1,569,229
86$2,714,673$0$0$1,666,383
87$2,883,911$0$0$1,771,466
88$3,067,021$0$0$1,885,224
89$3,265,310$0$0$2,008,476
90$3,480,216$0$0$2,142,126
91$3,713,321$0$0$2,287,164
92$3,966,363$0$0$2,444,682
93$4,241,256$0$0$2,615,881
94$4,540,102$0$0$2,802,079
95$4,865,218$0$0$3,004,731
96$5,219,149$0$0$3,225,433
97$5,604,698$0$0$3,465,944
98$6,024,949$0$0$3,728,201
99$6,483,295$0$0$4,014,333
100$6,983,472$0$0$4,326,685