Can I retire at age 63 with 795,000?

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 $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%14.2%
1 years$65,650$65,066$64,495$63,938$63,394$62,293
2 years$32,500$31,895$31,308$30,740$30,188$29,082
3 years$21,452$20,844$20,259$19,695$19,152$18,076
4 years$15,928$15,322$14,743$14,189$13,660$12,621
5 years$12,615$12,013$11,441$10,899$10,384$9,387
6 years$10,407$9,809$9,246$8,716$8,216$7,261
7 years$8,831$8,238$7,684$7,166$6,682$5,770
8 years$7,649$7,061$6,516$6,011$5,543$4,673
9 years$6,730$6,148$5,613$5,120$4,668$3,840
10 years$5,996$5,419$4,893$4,414$3,978$3,190
11 years$5,395$4,825$4,308$3,841$3,421$2,674
12 years$4,895$4,330$3,823$3,369$2,965$2,256
13 years$4,472$3,913$3,416$2,975$2,585$1,915
14 years$4,110$3,557$3,069$2,640$2,266$1,633
15 years$3,796$3,249$2,771$2,355$1,995$1,398
16 years$3,522$2,981$2,512$2,108$1,763$1,200
17 years$3,281$2,746$2,286$1,894$1,564$1,034
18 years$3,066$2,537$2,087$1,707$1,390$892
19 years$2,874$2,351$1,910$1,543$1,239$772
20 years$2,702$2,185$1,753$1,397$1,107$668
21 years$2,546$2,035$1,613$1,268$990$580
22 years$2,405$1,900$1,486$1,153$888$504
23 years$2,276$1,777$1,372$1,050$797$438
24 years$2,158$1,665$1,269$958$716$381
25 years$2,050$1,562$1,176$875$645$332
26 years$1,950$1,468$1,090$800$581$289
27 years$1,857$1,382$1,012$732$523$252
28 years$1,772$1,302$941$671$472$220
29 years$1,692$1,228$876$615$427$192
30 years$1,618$1,160$816$564$385$168
31 years$1,549$1,097$761$518$348$147
32 years$1,484$1,038$710$476$315$128
33 years$1,424$983$663$438$285$112
34 years$1,367$931$619$403$258$98
35 years$1,313$883$579$371$234$86
36 years$1,263$838$541$342$212$75
37 years$1,215$796$507$315$192$66
38 years$1,170$757$475$290$174$57
39 years$1,127$720$445$268$158$50
40 years$1,087$685$417$247$143$44
41 years$1,049$652$391$228$130$38
42 years$1,012$621$367$210$118$34
43 years$978$591$344$194$107$29
44 years$945$564$323$179$97$26
45 years$913$538$303$165$88$23
46 years$883$513$285$153$80$20
47 years$855$489$268$141$73$17
48 years$827$467$251$130$66$15
49 years$801$446$236$121$60$13
50 years$776$426$222$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $795,000, adding $2,261 every year, while hoping to spend $30,182 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: 38/45/17 Blend
62$795,000$795,000$795,000$795,000
63$878,422$836,287$823,965$907,229
64$935,908$845,152$819,454$936,984
65$998,245$853,439$813,781$966,072
66$1,065,898$861,089$806,874$996,869
67$1,139,375$868,038$798,660$1,029,547
68$1,219,236$874,217$789,060$1,064,293
69$1,306,098$879,554$777,993$1,101,318
70$1,400,639$883,970$765,375$1,140,855
71$1,503,604$887,385$751,115$1,183,160
72$1,615,815$889,710$735,120$1,228,521
73$1,738,175$890,853$717,294$1,277,254
74$1,871,679$890,714$697,533$1,329,711
75$2,017,420$889,189$675,730$1,386,283
76$2,176,604$886,167$651,775$1,447,402
77$2,350,558$881,529$625,549$1,513,547
78$2,540,740$875,150$596,931$1,585,250
79$2,748,760$866,896$565,792$1,663,097
80$2,976,387$856,628$531,999$1,747,741
81$3,225,571$844,194$495,413$1,839,902
82$3,498,457$829,438$455,888$1,940,380
83$3,797,410$812,191$413,270$2,050,057
84$4,125,032$792,275$367,401$2,169,914
85$4,484,191$769,502$318,115$2,301,031
86$4,878,044$743,673$265,237$2,444,607
87$5,310,069$714,577$208,587$2,601,967
88$5,784,096$681,991$147,975$2,774,576
89$6,304,344$645,679$83,202$2,964,055
90$6,875,461$605,391$14,063$3,172,197
91$7,502,566$560,864$0$3,400,983
92$8,191,299$511,817$0$3,663,435
93$8,947,872$457,957$0$3,954,570
94$9,779,129$398,970$0$4,274,551
95$10,692,609$334,529$0$4,626,380
96$11,696,618$264,284$0$5,013,371
97$12,800,308$187,868$0$5,439,182
98$14,013,758$104,893$0$5,907,851
99$15,348,077$14,948$0$6,423,835
100$16,815,501$0$0$6,992,054