Can I retire at age 63 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$65,403$64,820$64,252$63,697$63,155$61,729
2 years$32,378$31,775$31,190$30,624$30,074$28,644
3 years$21,371$20,765$20,182$19,621$19,080$17,692
4 years$15,868$15,264$14,687$14,136$13,608$12,273
5 years$12,568$11,968$11,398$10,858$10,345$9,065
6 years$10,368$9,772$9,211$8,683$8,185$6,963
7 years$8,797$8,207$7,655$7,139$6,657$5,492
8 years$7,620$7,035$6,492$5,988$5,523$4,415
9 years$6,705$6,125$5,591$5,101$4,651$3,600
10 years$5,973$5,399$4,875$4,397$3,963$2,967
11 years$5,375$4,806$4,292$3,827$3,408$2,466
12 years$4,876$4,314$3,809$3,357$2,953$2,064
13 years$4,455$3,899$3,403$2,963$2,575$1,737
14 years$4,094$3,544$3,057$2,630$2,258$1,468
15 years$3,782$3,237$2,760$2,346$1,988$1,245
16 years$3,509$2,970$2,503$2,101$1,757$1,060
17 years$3,268$2,735$2,277$1,887$1,558$904
18 years$3,054$2,528$2,079$1,701$1,385$773
19 years$2,863$2,343$1,903$1,537$1,234$662
20 years$2,692$2,177$1,747$1,392$1,103$568
21 years$2,537$2,028$1,607$1,263$987$488
22 years$2,396$1,893$1,481$1,149$884$419
23 years$2,267$1,770$1,367$1,046$794$361
24 years$2,150$1,659$1,264$954$714$311
25 years$2,042$1,556$1,171$871$642$268
26 years$1,942$1,463$1,086$797$578$231
27 years$1,850$1,377$1,009$729$522$200
28 years$1,765$1,297$938$668$471$172
29 years$1,686$1,224$873$613$425$149
30 years$1,612$1,156$813$562$384$129
31 years$1,543$1,093$758$516$347$111
32 years$1,479$1,034$707$475$314$96
33 years$1,418$979$660$436$284$83
34 years$1,362$928$617$402$257$72
35 years$1,308$880$577$370$233$62
36 years$1,258$835$539$340$211$54
37 years$1,210$793$505$314$191$46
38 years$1,166$754$473$289$173$40
39 years$1,123$717$443$267$157$35
40 years$1,083$682$415$246$143$30
41 years$1,045$649$389$227$129$26
42 years$1,008$618$365$209$117$23
43 years$974$589$343$193$107$20
44 years$941$562$322$178$97$17
45 years$910$536$302$165$88$15
46 years$880$511$284$152$80$13
47 years$851$488$266$141$72$11
48 years$824$465$250$130$66$9
49 years$798$444$235$120$60$8
50 years$773$425$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $792,000, adding $3,566 every year, while hoping to spend $48,299 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: 35/44/21 Blend
62$792,000$792,000$792,000$792,000
63$876,462$834,486$822,210$901,429
64$914,472$823,986$798,365$909,608
65$954,739$811,353$772,101$913,712
66$997,444$796,431$743,288$917,150
67$1,042,783$779,056$711,788$919,892
68$1,090,970$759,052$677,455$921,907
69$1,142,239$736,236$640,140$923,170
70$1,196,847$710,411$599,685$923,654
71$1,255,075$681,371$555,924$923,336
72$1,317,231$648,897$508,686$922,198
73$1,383,653$612,757$457,791$920,224
74$1,454,710$572,706$403,051$917,402
75$1,530,807$528,485$344,270$913,726
76$1,612,389$479,821$281,243$909,198
77$1,699,944$426,423$213,756$903,826
78$1,794,006$367,987$141,585$897,626
79$1,895,165$304,187$64,498$890,625
80$2,004,063$234,684$0$882,863
81$2,121,411$159,117$0$878,372
82$2,247,985$77,104$0$888,918
83$2,384,641$0$0$900,180
84$2,532,317$0$0$918,014
85$2,692,047$0$0$977,773
86$2,864,964$0$0$1,042,560
87$3,052,316$0$0$1,112,854
88$3,255,475$0$0$1,189,183
89$3,475,948$0$0$1,272,126
90$3,715,394$0$0$1,362,321
91$3,975,638$0$0$1,460,470
92$4,258,688$0$0$1,567,345
93$4,566,750$0$0$1,683,795
94$4,902,256$0$0$1,810,755
95$5,267,879$0$0$1,949,254
96$5,666,561$0$0$2,100,425
97$6,101,542$0$0$2,265,515
98$6,576,386$0$0$2,445,895
99$7,095,018$0$0$2,643,077
100$7,661,757$0$0$2,858,724