Can I retire at age 63 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,733$65,147$64,576$64,019$63,474$63,048
2 years$32,541$31,935$31,348$30,778$30,226$29,796
3 years$21,479$20,870$20,284$19,720$19,176$18,756
4 years$15,948$15,342$14,762$14,207$13,677$13,269
5 years$12,631$12,028$11,456$10,912$10,397$10,004
6 years$10,420$9,822$9,258$8,727$8,227$7,848
7 years$8,842$8,248$7,693$7,175$6,691$6,327
8 years$7,659$7,070$6,525$6,019$5,550$5,201
9 years$6,739$6,156$5,620$5,127$4,674$4,340
10 years$6,003$5,426$4,899$4,419$3,983$3,663
11 years$5,402$4,831$4,313$3,846$3,425$3,120
12 years$4,901$4,336$3,828$3,373$2,968$2,677
13 years$4,478$3,918$3,420$2,978$2,588$2,311
14 years$4,115$3,562$3,073$2,644$2,269$2,005
15 years$3,801$3,254$2,774$2,358$1,998$1,746
16 years$3,527$2,985$2,515$2,111$1,766$1,527
17 years$3,285$2,749$2,289$1,897$1,566$1,339
18 years$3,070$2,540$2,089$1,709$1,392$1,178
19 years$2,878$2,354$1,913$1,545$1,241$1,038
20 years$2,705$2,188$1,755$1,399$1,108$916
21 years$2,549$2,038$1,615$1,270$992$811
22 years$2,408$1,902$1,488$1,154$889$718
23 years$2,279$1,779$1,374$1,051$798$637
24 years$2,161$1,667$1,271$959$717$566
25 years$2,052$1,564$1,177$876$645$503
26 years$1,952$1,470$1,092$801$581$447
27 years$1,860$1,384$1,014$733$524$398
28 years$1,774$1,304$942$671$473$355
29 years$1,694$1,230$877$616$427$316
30 years$1,620$1,162$817$565$386$282
31 years$1,551$1,098$761$519$349$252
32 years$1,486$1,039$710$477$316$225
33 years$1,426$984$663$439$286$201
34 years$1,368$933$620$404$259$180
35 years$1,315$885$579$372$234$160
36 years$1,264$840$542$342$212$143
37 years$1,217$797$507$315$192$128
38 years$1,171$758$475$291$174$115
39 years$1,129$721$445$268$158$103
40 years$1,088$686$417$247$143$92
41 years$1,050$653$391$228$130$82
42 years$1,013$622$367$210$118$74
43 years$979$592$344$194$107$66
44 years$946$564$323$179$97$59
45 years$914$538$304$166$88$53
46 years$884$513$285$153$80$47
47 years$856$490$268$141$73$42
48 years$828$468$252$131$66$38
49 years$802$447$237$121$60$34
50 years$777$427$222$112$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $796,000, adding $2,239 every year, while hoping to spend $27,232 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: 68/21/11 Blend
62$796,000$796,000$796,000$796,000
63$879,502$837,314$824,976$937,110
64$940,236$849,367$823,638$987,732
65$1,006,253$861,099$821,342$1,039,602
66$1,078,062$872,464$818,028$1,095,618
67$1,156,224$883,415$813,632$1,156,183
68$1,241,357$893,901$808,087$1,221,742
69$1,334,141$903,867$801,323$1,292,783
70$1,435,323$913,256$793,267$1,369,846
71$1,545,726$922,005$783,842$1,453,525
72$1,666,256$930,049$772,966$1,544,475
73$1,797,910$937,318$760,557$1,643,420
74$1,941,787$943,736$746,525$1,751,154
75$2,099,094$949,225$730,779$1,868,557
76$2,271,163$953,698$713,221$1,996,595
77$2,459,459$957,066$693,752$2,136,335
78$2,665,595$959,234$672,263$2,288,953
79$2,891,348$960,098$648,646$2,455,747
80$3,138,674$959,552$622,785$2,638,144
81$3,409,728$957,480$594,558$2,837,721
82$3,706,884$953,760$563,839$3,056,214
83$4,032,755$948,263$530,496$3,295,540
84$4,390,219$940,851$494,391$3,557,809
85$4,782,447$931,378$455,379$3,845,349
86$5,212,932$919,691$413,310$4,160,726
87$5,685,521$905,626$368,025$4,506,769
88$6,204,451$889,008$319,361$4,886,597
89$6,774,391$869,656$267,145$5,303,647
90$7,400,483$847,373$211,199$5,761,712
91$8,088,392$821,954$151,334$6,264,968
92$8,844,359$793,181$87,355$6,818,024
93$9,675,260$760,822$19,057$7,425,956
94$10,588,669$724,635$0$8,094,364
95$11,592,931$684,361$0$8,835,737
96$12,697,241$639,726$0$9,653,357
97$13,911,729$590,441$0$10,552,514
98$15,247,554$536,202$0$11,541,503
99$16,717,014$476,685$0$12,629,467
100$18,333,656$411,549$0$13,826,483