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%15%
1 years$65,650$65,066$64,495$63,938$63,394$62,089
2 years$32,500$31,895$31,308$30,740$30,188$28,879
3 years$21,452$20,844$20,259$19,695$19,152$17,880
4 years$15,928$15,322$14,743$14,189$13,660$12,434
5 years$12,615$12,013$11,441$10,899$10,384$9,209
6 years$10,407$9,809$9,246$8,716$8,216$7,093
7 years$8,831$8,238$7,684$7,166$6,682$5,610
8 years$7,649$7,061$6,516$6,011$5,543$4,523
9 years$6,730$6,148$5,613$5,120$4,668$3,699
10 years$5,996$5,419$4,893$4,414$3,978$3,058
11 years$5,395$4,825$4,308$3,841$3,421$2,550
12 years$4,895$4,330$3,823$3,369$2,965$2,141
13 years$4,472$3,913$3,416$2,975$2,585$1,807
14 years$4,110$3,557$3,069$2,640$2,266$1,533
15 years$3,796$3,249$2,771$2,355$1,995$1,305
16 years$3,522$2,981$2,512$2,108$1,763$1,114
17 years$3,281$2,746$2,286$1,894$1,564$954
18 years$3,066$2,537$2,087$1,707$1,390$819
19 years$2,874$2,351$1,910$1,543$1,239$704
20 years$2,702$2,185$1,753$1,397$1,107$606
21 years$2,546$2,035$1,613$1,268$990$523
22 years$2,405$1,900$1,486$1,153$888$451
23 years$2,276$1,777$1,372$1,050$797$390
24 years$2,158$1,665$1,269$958$716$337
25 years$2,050$1,562$1,176$875$645$292
26 years$1,950$1,468$1,090$800$581$253
27 years$1,857$1,382$1,012$732$523$219
28 years$1,772$1,302$941$671$472$190
29 years$1,692$1,228$876$615$427$165
30 years$1,618$1,160$816$564$385$143
31 years$1,549$1,097$761$518$348$124
32 years$1,484$1,038$710$476$315$108
33 years$1,424$983$663$438$285$93
34 years$1,367$931$619$403$258$81
35 years$1,313$883$579$371$234$70
36 years$1,263$838$541$342$212$61
37 years$1,215$796$507$315$192$53
38 years$1,170$757$475$290$174$46
39 years$1,127$720$445$268$158$40
40 years$1,087$685$417$247$143$35
41 years$1,049$652$391$228$130$30
42 years$1,012$621$367$210$118$26
43 years$978$591$344$194$107$23
44 years$945$564$323$179$97$20
45 years$913$538$303$165$88$17
46 years$883$513$285$153$80$15
47 years$855$489$268$141$73$13
48 years$827$467$251$130$66$11
49 years$801$446$236$121$60$10
50 years$776$426$222$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $795,000, adding $5,498 every year, while hoping to spend $44,846 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: 34/38/28 Blend
62$795,000$795,000$795,000$795,000
63$881,761$839,626$827,304$904,120
64$923,985$833,052$807,303$914,878
65$969,013$824,653$785,128$922,078
66$1,017,083$814,292$760,661$928,976
67$1,068,457$801,823$733,775$935,574
68$1,123,421$787,095$704,338$941,882
69$1,182,291$769,943$672,214$947,913
70$1,245,409$750,195$637,258$953,685
71$1,313,156$727,669$599,321$959,224
72$1,385,945$702,172$558,245$964,564
73$1,464,232$673,500$513,868$969,746
74$1,548,518$641,435$466,016$974,822
75$1,639,351$605,750$414,512$979,854
76$1,737,335$566,202$359,168$984,919
77$1,843,133$522,535$299,790$990,107
78$1,957,472$474,479$236,173$995,523
79$2,081,154$421,749$168,104$1,001,293
80$2,215,058$364,041$95,362$1,007,560
81$2,360,152$301,036$17,715$1,014,494
82$2,517,499$232,398$0$1,022,289
83$2,688,268$157,770$0$1,050,631
84$2,873,746$76,776$0$1,087,225
85$3,075,348$0$0$1,127,146
86$3,294,631$0$0$1,175,400
87$3,533,306$0$0$1,262,968
88$3,793,260$0$0$1,358,449
89$4,076,564$0$0$1,462,619
90$4,385,502$0$0$1,576,331
91$4,722,585$0$0$1,700,524
92$5,090,578$0$0$1,836,232
93$5,492,525$0$0$1,984,594
94$5,931,775$0$0$2,146,862
95$6,412,018$0$0$2,324,416
96$6,937,315$0$0$2,518,776
97$7,512,137$0$0$2,731,615
98$8,141,408$0$0$2,964,774
99$8,830,550$0$0$3,220,284
100$9,585,534$0$0$3,500,379