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%11.2%
1 years$65,650$65,066$64,495$63,938$63,394$63,074
2 years$32,500$31,895$31,308$30,740$30,188$29,865
3 years$21,452$20,844$20,259$19,695$19,152$18,836
4 years$15,928$15,322$14,743$14,189$13,660$13,353
5 years$12,615$12,013$11,441$10,899$10,384$10,088
6 years$10,407$9,809$9,246$8,716$8,216$7,931
7 years$8,831$8,238$7,684$7,166$6,682$6,408
8 years$7,649$7,061$6,516$6,011$5,543$5,280
9 years$6,730$6,148$5,613$5,120$4,668$4,416
10 years$5,996$5,419$4,893$4,414$3,978$3,736
11 years$5,395$4,825$4,308$3,841$3,421$3,190
12 years$4,895$4,330$3,823$3,369$2,965$2,744
13 years$4,472$3,913$3,416$2,975$2,585$2,374
14 years$4,110$3,557$3,069$2,640$2,266$2,065
15 years$3,796$3,249$2,771$2,355$1,995$1,804
16 years$3,522$2,981$2,512$2,108$1,763$1,582
17 years$3,281$2,746$2,286$1,894$1,564$1,391
18 years$3,066$2,537$2,087$1,707$1,390$1,227
19 years$2,874$2,351$1,910$1,543$1,239$1,084
20 years$2,702$2,185$1,753$1,397$1,107$960
21 years$2,546$2,035$1,613$1,268$990$852
22 years$2,405$1,900$1,486$1,153$888$757
23 years$2,276$1,777$1,372$1,050$797$673
24 years$2,158$1,665$1,269$958$716$600
25 years$2,050$1,562$1,176$875$645$535
26 years$1,950$1,468$1,090$800$581$477
27 years$1,857$1,382$1,012$732$523$426
28 years$1,772$1,302$941$671$472$381
29 years$1,692$1,228$876$615$427$341
30 years$1,618$1,160$816$564$385$305
31 years$1,549$1,097$761$518$348$273
32 years$1,484$1,038$710$476$315$245
33 years$1,424$983$663$438$285$219
34 years$1,367$931$619$403$258$197
35 years$1,313$883$579$371$234$176
36 years$1,263$838$541$342$212$158
37 years$1,215$796$507$315$192$142
38 years$1,170$757$475$290$174$127
39 years$1,127$720$445$268$158$114
40 years$1,087$685$417$247$143$103
41 years$1,049$652$391$228$130$92
42 years$1,012$621$367$210$118$83
43 years$978$591$344$194$107$74
44 years$945$564$323$179$97$67
45 years$913$538$303$165$88$60
46 years$883$513$285$153$80$54
47 years$855$489$268$141$73$48
48 years$827$467$251$130$66$44
49 years$801$446$236$121$60$39
50 years$776$426$222$111$54$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $795,000, adding $2,133 every year, while hoping to spend $53,190 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: 60/30/10 Blend
62$795,000$795,000$795,000$795,000
63$878,290$836,155$823,833$928,832
64$911,282$820,533$794,837$947,393
65$945,856$802,363$763,088$961,395
66$982,118$781,463$728,436$975,359
67$1,020,182$757,643$690,727$989,284
68$1,060,172$730,699$649,797$1,003,171
69$1,102,223$700,416$605,479$1,017,025
70$1,146,481$666,568$557,594$1,030,852
71$1,193,107$628,914$505,957$1,044,665
72$1,242,273$587,200$450,376$1,058,477
73$1,294,169$541,157$390,648$1,072,309
74$1,349,002$490,502$326,563$1,086,187
75$1,406,997$434,933$257,900$1,100,143
76$1,468,400$374,134$184,429$1,114,214
77$1,533,480$307,770$105,910$1,128,450
78$1,602,530$235,486$22,093$1,142,907
79$1,675,871$156,907$0$1,157,653
80$1,753,854$71,640$0$1,179,953
81$1,836,864$0$0$1,205,699
82$1,925,319$0$0$1,239,513
83$2,019,682$0$0$1,300,850
84$2,120,457$0$0$1,366,393
85$2,228,195$0$0$1,436,507
86$2,343,504$0$0$1,511,590
87$2,467,047$0$0$1,592,082
88$2,599,553$0$0$1,678,462
89$2,741,822$0$0$1,771,259
90$2,894,732$0$0$1,871,052
91$3,059,246$0$0$1,978,476
92$3,236,422$0$0$2,094,229
93$3,427,421$0$0$2,219,078
94$3,633,520$0$0$2,353,867
95$3,856,121$0$0$2,499,519
96$4,096,765$0$0$2,657,053
97$4,357,145$0$0$2,827,587
98$4,639,123$0$0$3,012,350
99$4,944,745$0$0$3,212,693
100$5,276,263$0$0$3,430,104