Can I retire at age 63 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$65,650$65,066$64,495$63,938$63,394$62,576
2 years$32,500$31,895$31,308$30,740$30,188$29,365
3 years$21,452$20,844$20,259$19,695$19,152$18,350
4 years$15,928$15,322$14,743$14,189$13,660$12,884
5 years$12,615$12,013$11,441$10,899$10,384$9,637
6 years$10,407$9,809$9,246$8,716$8,216$7,500
7 years$8,831$8,238$7,684$7,166$6,682$5,996
8 years$7,649$7,061$6,516$6,011$5,543$4,887
9 years$6,730$6,148$5,613$5,120$4,668$4,042
10 years$5,996$5,419$4,893$4,414$3,978$3,381
11 years$5,395$4,825$4,308$3,841$3,421$2,853
12 years$4,895$4,330$3,823$3,369$2,965$2,425
13 years$4,472$3,913$3,416$2,975$2,585$2,073
14 years$4,110$3,557$3,069$2,640$2,266$1,781
15 years$3,796$3,249$2,771$2,355$1,995$1,536
16 years$3,522$2,981$2,512$2,108$1,763$1,329
17 years$3,281$2,746$2,286$1,894$1,564$1,153
18 years$3,066$2,537$2,087$1,707$1,390$1,003
19 years$2,874$2,351$1,910$1,543$1,239$875
20 years$2,702$2,185$1,753$1,397$1,107$764
21 years$2,546$2,035$1,613$1,268$990$668
22 years$2,405$1,900$1,486$1,153$888$585
23 years$2,276$1,777$1,372$1,050$797$513
24 years$2,158$1,665$1,269$958$716$451
25 years$2,050$1,562$1,176$875$645$396
26 years$1,950$1,468$1,090$800$581$348
27 years$1,857$1,382$1,012$732$523$306
28 years$1,772$1,302$941$671$472$270
29 years$1,692$1,228$876$615$427$238
30 years$1,618$1,160$816$564$385$209
31 years$1,549$1,097$761$518$348$185
32 years$1,484$1,038$710$476$315$163
33 years$1,424$983$663$438$285$144
34 years$1,367$931$619$403$258$127
35 years$1,313$883$579$371$234$112
36 years$1,263$838$541$342$212$99
37 years$1,215$796$507$315$192$87
38 years$1,170$757$475$290$174$77
39 years$1,127$720$445$268$158$68
40 years$1,087$685$417$247$143$60
41 years$1,049$652$391$228$130$53
42 years$1,012$621$367$210$118$47
43 years$978$591$344$194$107$41
44 years$945$564$323$179$97$37
45 years$913$538$303$165$88$32
46 years$883$513$285$153$80$29
47 years$855$489$268$141$73$25
48 years$827$467$251$130$66$22
49 years$801$446$236$121$60$20
50 years$776$426$222$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $795,000, adding $2,437 every year, while hoping to spend $36,216 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: 80/6/14 Blend
62$795,000$795,000$795,000$795,000
63$878,604$836,469$824,146$946,246
64$929,688$838,922$813,222$993,518
65$984,769$840,282$800,717$1,040,462
66$1,044,216$840,456$786,542$1,090,942
67$1,108,435$839,348$770,600$1,145,296
68$1,177,872$836,853$752,792$1,203,898
69$1,253,018$832,862$733,014$1,267,156
70$1,334,411$827,257$711,155$1,335,523
71$1,422,644$819,916$687,102$1,409,498
72$1,518,369$810,707$660,735$1,489,629
73$1,622,303$799,492$631,929$1,576,521
74$1,735,233$786,122$600,554$1,670,842
75$1,858,026$770,442$566,473$1,773,327
76$1,991,637$752,286$529,542$1,884,784
77$2,137,116$731,479$489,613$2,006,108
78$2,295,617$707,837$446,530$2,138,283
79$2,468,411$681,162$400,130$2,282,393
80$2,656,897$651,247$350,242$2,439,634
81$2,862,615$617,873$296,690$2,611,324
82$3,087,260$580,807$239,287$2,798,916
83$3,332,697$539,803$177,840$3,004,011
84$3,600,981$494,602$112,147$3,228,375
85$3,894,373$444,929$41,996$3,473,954
86$4,215,362$390,495$0$3,742,893
87$4,566,692$330,991$0$4,042,467
88$4,951,379$266,095$0$4,377,385
89$5,372,750$195,463$0$4,744,278
90$5,834,465$118,735$0$5,146,351
91$6,340,556$35,529$0$5,587,133
92$6,895,464$0$0$6,070,515
93$7,504,080$0$0$6,604,382
94$8,171,792$0$0$7,192,683
95$8,904,532$0$0$7,838,303
96$9,708,837$0$0$8,547,002
97$10,591,907$0$0$9,325,129
98$11,561,672$0$0$10,179,674
99$12,626,868$0$0$11,118,339
100$13,797,121$0$0$12,149,608