Can I retire at age 63 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$65,981$65,393$64,820$64,260$63,713$63,180
2 years$32,664$32,055$31,466$30,894$30,340$29,802
3 years$21,559$20,949$20,360$19,794$19,249$18,723
4 years$16,008$15,399$14,817$14,261$13,728$13,219
5 years$12,679$12,073$11,499$10,954$10,436$9,945
6 years$10,460$9,859$9,293$8,760$8,258$7,785
7 years$8,875$8,279$7,722$7,202$6,716$6,262
8 years$7,687$7,097$6,549$6,041$5,571$5,137
9 years$6,764$6,179$5,641$5,146$4,692$4,276
10 years$6,026$5,447$4,918$4,436$3,998$3,600
11 years$5,422$4,849$4,329$3,860$3,438$3,059
12 years$4,919$4,352$3,842$3,386$2,979$2,618
13 years$4,494$3,933$3,433$2,989$2,598$2,254
14 years$4,131$3,575$3,084$2,654$2,278$1,950
15 years$3,815$3,266$2,785$2,367$2,005$1,695
16 years$3,540$2,996$2,525$2,119$1,772$1,478
17 years$3,297$2,759$2,298$1,904$1,571$1,292
18 years$3,081$2,550$2,097$1,716$1,397$1,133
19 years$2,889$2,363$1,920$1,550$1,245$996
20 years$2,716$2,196$1,762$1,404$1,112$877
21 years$2,559$2,045$1,621$1,274$995$773
22 years$2,417$1,909$1,494$1,159$892$683
23 years$2,287$1,786$1,379$1,055$801$604
24 years$2,169$1,673$1,276$962$720$535
25 years$2,060$1,570$1,181$879$648$474
26 years$1,960$1,476$1,096$804$584$420
27 years$1,867$1,389$1,017$736$526$373
28 years$1,781$1,309$946$674$475$331
29 years$1,701$1,235$880$618$429$294
30 years$1,626$1,166$820$567$387$262
31 years$1,557$1,102$764$521$350$233
32 years$1,492$1,043$713$479$317$207
33 years$1,431$988$666$440$287$185
34 years$1,374$936$622$405$260$164
35 years$1,320$888$582$373$235$146
36 years$1,269$843$544$343$213$130
37 years$1,221$800$509$316$193$116
38 years$1,176$761$477$292$175$104
39 years$1,133$723$447$269$159$92
40 years$1,092$688$419$248$144$82
41 years$1,054$655$393$229$131$73
42 years$1,017$624$368$211$119$66
43 years$982$594$346$195$108$58
44 years$949$567$324$180$98$52
45 years$918$540$305$166$89$47
46 years$888$515$286$154$80$42
47 years$859$492$269$142$73$37
48 years$831$470$253$131$66$33
49 years$805$448$237$121$60$29
50 years$780$428$223$112$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $799,000, adding $2,844 every year, while hoping to spend $59,121 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: 49/31/20 Blend
62$799,000$799,000$799,000$799,000
63$883,432$841,085$828,700$921,629
64$910,637$819,393$793,557$926,734
65$938,637$794,658$755,256$926,034
66$967,448$766,667$713,627$924,032
67$997,090$735,195$668,496$920,626
68$1,027,580$700,007$619,678$915,713
69$1,058,937$660,852$566,981$909,182
70$1,091,179$617,464$510,205$900,913
71$1,124,323$569,563$449,140$890,783
72$1,158,386$516,853$383,568$878,658
73$1,193,383$459,021$313,260$864,399
74$1,229,331$395,736$237,977$847,858
75$1,266,243$326,647$157,470$828,877
76$1,304,134$251,387$71,479$807,288
77$1,343,014$169,563$0$782,917
78$1,382,895$80,765$0$759,907
79$1,423,784$0$0$750,288
80$1,465,689$0$0$743,913
81$1,508,614$0$0$765,595
82$1,552,560$0$0$787,780
83$1,597,526$0$0$810,468
84$1,643,506$0$0$833,653
85$1,690,492$0$0$857,330
86$1,738,470$0$0$881,488
87$1,787,421$0$0$906,118
88$1,837,322$0$0$931,203
89$1,888,141$0$0$956,725
90$1,939,841$0$0$982,663
91$1,992,377$0$0$1,008,990
92$2,045,693$0$0$1,035,674
93$2,099,726$0$0$1,062,678
94$2,154,399$0$0$1,089,960
95$2,209,625$0$0$1,117,470
96$2,265,302$0$0$1,145,150
97$2,321,311$0$0$1,172,935
98$2,377,520$0$0$1,200,750
99$2,433,774$0$0$1,228,509
100$2,489,899$0$0$1,256,116