Can I retire at age 63 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$65,898$65,311$64,738$64,179$63,634$62,917
2 years$32,623$32,015$31,426$30,856$30,302$29,580
3 years$21,533$20,922$20,335$19,769$19,225$18,521
4 years$15,988$15,380$14,799$14,243$13,711$13,030
5 years$12,663$12,058$11,484$10,940$10,423$9,767
6 years$10,447$9,846$9,281$8,749$8,247$7,617
7 years$8,864$8,269$7,713$7,193$6,707$6,103
8 years$7,678$7,088$6,541$6,034$5,564$4,986
9 years$6,756$6,171$5,634$5,139$4,686$4,134
10 years$6,018$5,440$4,912$4,430$3,993$3,466
11 years$5,415$4,843$4,324$3,856$3,434$2,932
12 years$4,913$4,347$3,838$3,382$2,976$2,498
13 years$4,489$3,928$3,429$2,986$2,595$2,141
14 years$4,125$3,570$3,081$2,650$2,275$1,844
15 years$3,811$3,262$2,781$2,364$2,003$1,595
16 years$3,535$2,993$2,522$2,116$1,770$1,384
17 years$3,293$2,756$2,295$1,902$1,569$1,205
18 years$3,078$2,547$2,095$1,714$1,395$1,051
19 years$2,885$2,360$1,918$1,548$1,244$919
20 years$2,712$2,193$1,760$1,402$1,111$805
21 years$2,556$2,043$1,619$1,273$994$706
22 years$2,414$1,907$1,492$1,157$891$620
23 years$2,285$1,784$1,378$1,054$800$546
24 years$2,166$1,671$1,274$961$719$481
25 years$2,057$1,568$1,180$878$647$424
26 years$1,957$1,474$1,094$803$583$374
27 years$1,864$1,387$1,016$735$525$330
28 years$1,779$1,307$945$673$474$291
29 years$1,699$1,233$879$617$428$257
30 years$1,624$1,165$819$567$387$228
31 years$1,555$1,101$763$520$350$201
32 years$1,490$1,042$712$478$316$178
33 years$1,429$986$665$440$286$158
34 years$1,372$935$621$405$259$140
35 years$1,318$887$581$372$235$124
36 years$1,267$842$543$343$213$109
37 years$1,220$799$509$316$193$97
38 years$1,174$760$476$291$175$86
39 years$1,132$722$446$269$159$76
40 years$1,091$687$418$248$144$67
41 years$1,053$654$392$229$130$60
42 years$1,016$623$368$211$118$53
43 years$981$594$345$195$107$47
44 years$948$566$324$180$98$42
45 years$917$540$304$166$89$37
46 years$887$515$286$153$80$33
47 years$858$491$269$142$73$29
48 years$830$469$252$131$66$26
49 years$804$448$237$121$60$23
50 years$779$428$223$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $798,000, adding $6,372 every year, while hoping to spend $29,684 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: 43/50/7 Blend
62$798,000$798,000$798,000$798,000
63$885,969$843,675$831,306$922,009
64$944,754$853,431$827,571$957,410
65$1,008,540$862,671$822,716$992,201
66$1,077,807$871,337$816,672$1,029,204
67$1,153,080$879,369$809,368$1,068,632
68$1,234,939$886,704$800,727$1,110,721
69$1,324,022$893,271$790,669$1,155,730
70$1,421,029$898,998$779,114$1,203,948
71$1,526,732$903,807$765,973$1,255,693
72$1,641,981$907,616$751,155$1,311,318
73$1,767,711$910,337$734,566$1,371,213
74$1,904,949$911,875$716,106$1,435,810
75$2,054,829$912,133$695,671$1,505,584
76$2,218,598$911,003$673,152$1,581,065
77$2,397,628$908,375$648,436$1,662,836
78$2,593,430$904,129$621,402$1,751,541
79$2,807,668$898,140$591,927$1,847,894
80$3,042,173$890,272$559,880$1,952,684
81$3,298,965$880,385$525,126$2,066,783
82$3,580,263$868,328$487,522$2,191,154
83$3,888,515$853,942$446,919$2,326,862
84$4,226,416$837,057$403,163$2,475,085
85$4,596,932$817,494$356,091$2,637,123
86$5,003,333$795,066$305,534$2,814,413
87$5,449,219$769,569$251,315$3,008,545
88$5,938,554$740,793$193,249$3,221,271
89$6,475,708$708,513$131,144$3,454,530
90$7,065,491$672,491$64,798$3,710,464
91$7,713,203$632,475$0$3,991,437
92$8,424,684$588,201$0$4,300,508
93$9,206,364$539,385$0$4,645,308
94$10,065,331$485,733$0$5,024,193
95$11,009,390$426,928$0$5,440,698
96$12,047,140$362,641$0$5,898,723
97$13,188,057$292,519$0$6,402,575
98$14,442,579$216,193$0$6,957,005
99$15,822,207$133,270$0$7,567,258
100$17,339,611$43,339$0$8,239,121