Can I retire at age 63 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$65,320$64,738$64,171$63,616$63,075$60,983
2 years$32,337$31,734$31,151$30,585$30,036$27,948
3 years$21,344$20,739$20,157$19,596$19,056$17,039
4 years$15,848$15,245$14,669$14,118$13,591$11,659
5 years$12,552$11,952$11,384$10,844$10,332$8,491
6 years$10,355$9,760$9,200$8,672$8,175$6,426
7 years$8,786$8,196$7,645$7,130$6,648$4,992
8 years$7,610$7,026$6,484$5,981$5,516$3,950
9 years$6,696$6,117$5,584$5,094$4,645$3,168
10 years$5,965$5,392$4,868$4,391$3,958$2,567
11 years$5,368$4,800$4,286$3,822$3,404$2,097
12 years$4,870$4,308$3,804$3,352$2,950$1,724
13 years$4,449$3,894$3,398$2,960$2,572$1,425
14 years$4,089$3,539$3,054$2,627$2,255$1,182
15 years$3,777$3,233$2,757$2,343$1,985$984
16 years$3,504$2,966$2,500$2,098$1,755$821
17 years$3,264$2,732$2,275$1,885$1,556$687
18 years$3,051$2,524$2,076$1,699$1,383$576
19 years$2,860$2,340$1,901$1,535$1,233$483
20 years$2,688$2,174$1,744$1,390$1,101$406
21 years$2,533$2,025$1,605$1,262$986$342
22 years$2,393$1,890$1,479$1,147$883$288
23 years$2,265$1,768$1,365$1,045$793$242
24 years$2,147$1,656$1,263$953$713$204
25 years$2,039$1,554$1,170$870$641$172
26 years$1,940$1,461$1,085$796$578$146
27 years$1,848$1,375$1,007$728$521$123
28 years$1,763$1,296$936$667$470$104
29 years$1,684$1,222$871$612$424$88
30 years$1,610$1,154$812$562$383$74
31 years$1,541$1,091$757$516$347$63
32 years$1,477$1,032$706$474$314$53
33 years$1,417$978$659$436$284$45
34 years$1,360$927$616$401$257$38
35 years$1,307$879$576$369$233$32
36 years$1,256$834$539$340$211$27
37 years$1,209$792$504$313$191$23
38 years$1,164$753$472$289$173$19
39 years$1,122$716$442$266$157$16
40 years$1,081$681$415$246$143$14
41 years$1,043$649$389$227$129$12
42 years$1,007$618$365$209$117$10
43 years$973$588$342$193$106$8
44 years$940$561$321$178$97$7
45 years$909$535$302$165$88$6
46 years$879$510$283$152$80$5
47 years$850$487$266$140$72$4
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$3
50 years$772$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 $791,000, adding $2,007 every year, while hoping to spend $32,452 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: 57/37/6 Blend
62$791,000$791,000$791,000$791,000
63$873,752$831,829$819,569$922,356
64$928,346$838,060$812,496$961,493
65$987,421$843,509$804,098$1,000,280
66$1,051,400$848,102$794,297$1,041,731
67$1,120,747$851,764$783,010$1,086,102
68$1,195,974$854,411$770,152$1,133,679
69$1,277,643$855,957$755,632$1,184,774
70$1,366,372$856,308$739,355$1,239,735
71$1,462,841$855,367$721,222$1,298,944
72$1,567,799$853,027$701,131$1,362,824
73$1,682,069$849,180$678,973$1,431,843
74$1,806,556$843,706$654,635$1,506,517
75$1,942,257$836,480$627,998$1,587,417
76$2,090,271$827,371$598,939$1,675,172
77$2,251,803$816,237$567,329$1,770,479
78$2,428,185$802,930$533,031$1,874,107
79$2,620,878$787,292$495,906$1,986,905
80$2,831,494$769,155$455,805$2,109,811
81$3,061,806$748,344$412,575$2,243,861
82$3,313,767$724,670$366,053$2,390,198
83$3,589,528$697,935$316,072$2,550,088
84$3,891,455$667,929$262,456$2,724,923
85$4,222,157$634,431$205,022$2,916,245
86$4,584,504$597,205$143,577$3,125,754
87$4,981,658$556,004$77,922$3,355,329
88$5,417,103$510,563$7,848$3,607,041
89$5,894,674$460,607$0$3,883,178
90$6,418,595$405,841$0$4,190,553
91$6,993,520$345,955$0$4,528,483
92$7,624,574$280,623$0$4,899,557
93$8,317,404$209,497$0$5,307,187
94$9,078,229$132,212$0$5,755,139
95$9,913,901$48,382$0$6,247,565
96$10,831,966$0$0$6,789,050
97$11,840,739$0$0$7,401,911
98$12,949,381$0$0$8,097,168
99$14,167,982$0$0$8,861,459
100$15,507,660$0$0$9,701,766