Can I retire at age 63 with 791,000?

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 $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%12.7%
1 years$65,320$64,738$64,171$63,616$63,075$62,365
2 years$32,337$31,734$31,151$30,585$30,036$29,321
3 years$21,344$20,739$20,157$19,596$19,056$18,358
4 years$15,848$15,245$14,669$14,118$13,591$12,916
5 years$12,552$11,952$11,384$10,844$10,332$9,681
6 years$10,355$9,760$9,200$8,672$8,175$7,550
7 years$8,786$8,196$7,645$7,130$6,648$6,050
8 years$7,610$7,026$6,484$5,981$5,516$4,942
9 years$6,696$6,117$5,584$5,094$4,645$4,097
10 years$5,965$5,392$4,868$4,391$3,958$3,435
11 years$5,368$4,800$4,286$3,822$3,404$2,906
12 years$4,870$4,308$3,804$3,352$2,950$2,476
13 years$4,449$3,894$3,398$2,960$2,572$2,122
14 years$4,089$3,539$3,054$2,627$2,255$1,828
15 years$3,777$3,233$2,757$2,343$1,985$1,581
16 years$3,504$2,966$2,500$2,098$1,755$1,372
17 years$3,264$2,732$2,275$1,885$1,556$1,194
18 years$3,051$2,524$2,076$1,699$1,383$1,042
19 years$2,860$2,340$1,901$1,535$1,233$911
20 years$2,688$2,174$1,744$1,390$1,101$798
21 years$2,533$2,025$1,605$1,262$986$700
22 years$2,393$1,890$1,479$1,147$883$615
23 years$2,265$1,768$1,365$1,045$793$541
24 years$2,147$1,656$1,263$953$713$476
25 years$2,039$1,554$1,170$870$641$420
26 years$1,940$1,461$1,085$796$578$370
27 years$1,848$1,375$1,007$728$521$327
28 years$1,763$1,296$936$667$470$289
29 years$1,684$1,222$871$612$424$255
30 years$1,610$1,154$812$562$383$226
31 years$1,541$1,091$757$516$347$199
32 years$1,477$1,032$706$474$314$177
33 years$1,417$978$659$436$284$156
34 years$1,360$927$616$401$257$138
35 years$1,307$879$576$369$233$122
36 years$1,256$834$539$340$211$108
37 years$1,209$792$504$313$191$96
38 years$1,164$753$472$289$173$85
39 years$1,122$716$442$266$157$75
40 years$1,081$681$415$246$143$67
41 years$1,043$649$389$227$129$59
42 years$1,007$618$365$209$117$53
43 years$973$588$342$193$106$47
44 years$940$561$321$178$97$41
45 years$909$535$302$165$88$37
46 years$879$510$283$152$80$33
47 years$850$487$266$140$72$29
48 years$823$465$250$130$66$26
49 years$797$444$235$120$60$23
50 years$772$424$221$111$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $791,000, adding $2,768 every year, while hoping to spend $59,961 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: 63/25/12 Blend
62$791,000$791,000$791,000$791,000
63$874,537$832,614$820,354$927,020
64$899,942$809,614$784,038$939,489
65$925,928$783,478$744,495$945,934
66$952,492$753,987$701,555$951,484
67$979,628$720,914$655,038$956,053
68$1,007,325$684,014$604,758$959,547
69$1,035,573$643,031$550,517$961,867
70$1,064,355$597,694$492,114$962,905
71$1,093,653$547,714$429,332$962,546
72$1,123,441$492,788$361,951$960,668
73$1,153,693$432,595$289,737$957,136
74$1,184,374$366,796$212,447$951,809
75$1,215,443$295,033$129,828$944,534
76$1,246,855$216,926$41,614$935,146
77$1,278,556$132,077$0$923,469
78$1,310,482$40,062$0$916,038
79$1,342,562$0$0$912,049
80$1,374,715$0$0$922,371
81$1,406,846$0$0$943,669
82$1,438,850$0$0$964,847
83$1,470,606$0$0$985,821
84$1,501,978$0$0$1,006,494
85$1,532,814$0$0$1,026,759
86$1,562,940$0$0$1,046,496
87$1,592,163$0$0$1,065,569
88$1,620,266$0$0$1,083,826
89$1,647,005$0$0$1,101,096
90$1,672,108$0$0$1,117,190
91$1,695,270$0$0$1,131,894
92$1,716,152$0$0$1,144,972
93$1,734,374$0$0$1,156,159
94$1,749,515$0$0$1,165,161
95$1,761,105$0$0$1,171,649
96$1,768,622$0$0$1,175,260
97$1,771,483$0$0$1,175,589
98$1,769,043$0$0$1,172,186
99$1,760,586$0$0$1,164,551
100$1,745,316$0$0$1,152,130