Can I retire at age 63 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$64,494$63,920$63,359$62,812$62,278$61,071
2 years$31,928$31,333$30,757$30,198$29,656$28,445
3 years$21,074$20,477$19,902$19,348$18,815$17,637
4 years$15,648$15,052$14,483$13,939$13,419$12,284
5 years$12,393$11,801$11,240$10,707$10,201$9,112
6 years$10,224$9,637$9,083$8,562$8,072$7,030
7 years$8,675$8,093$7,548$7,040$6,564$5,570
8 years$7,514$6,937$6,402$5,905$5,446$4,498
9 years$6,612$6,040$5,514$5,030$4,586$3,685
10 years$5,890$5,324$4,807$4,336$3,908$3,052
11 years$5,300$4,740$4,232$3,774$3,361$2,550
12 years$4,809$4,254$3,756$3,310$2,912$2,145
13 years$4,393$3,844$3,356$2,922$2,540$1,815
14 years$4,037$3,494$3,015$2,594$2,226$1,542
15 years$3,729$3,192$2,722$2,313$1,960$1,315
16 years$3,460$2,929$2,468$2,071$1,732$1,126
17 years$3,223$2,697$2,246$1,861$1,536$966
18 years$3,012$2,492$2,050$1,677$1,366$831
19 years$2,824$2,310$1,877$1,516$1,217$716
20 years$2,654$2,147$1,722$1,373$1,087$618
21 years$2,501$1,999$1,584$1,246$973$534
22 years$2,363$1,866$1,460$1,133$872$462
23 years$2,236$1,746$1,348$1,032$783$400
24 years$2,120$1,636$1,247$941$704$347
25 years$2,014$1,535$1,155$859$633$301
26 years$1,915$1,443$1,071$786$570$261
27 years$1,825$1,358$995$719$514$227
28 years$1,741$1,279$925$659$464$197
29 years$1,663$1,207$860$604$419$171
30 years$1,590$1,140$801$554$379$149
31 years$1,522$1,077$747$509$342$130
32 years$1,458$1,019$697$468$310$113
33 years$1,399$965$651$430$280$98
34 years$1,343$915$608$396$254$86
35 years$1,290$868$569$365$230$74
36 years$1,240$824$532$336$208$65
37 years$1,194$782$498$309$189$56
38 years$1,149$744$466$285$171$49
39 years$1,107$707$437$263$155$43
40 years$1,068$673$409$242$141$37
41 years$1,030$640$384$224$128$33
42 years$994$610$360$206$116$28
43 years$960$581$338$191$105$25
44 years$928$554$317$176$95$22
45 years$897$528$298$163$87$19
46 years$868$504$280$150$79$16
47 years$840$481$263$139$71$14
48 years$813$459$247$128$65$12
49 years$787$438$232$118$59$11
50 years$763$419$218$109$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $781,000, adding $6,358 every year, while hoping to spend $34,760 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: 67/15/18 Blend
62$781,000$781,000$781,000$781,000
63$867,220$825,827$813,722$921,088
64$918,692$829,308$803,997$961,389
65$974,250$831,795$792,782$1,000,809
66$1,034,272$833,202$779,989$1,043,066
67$1,099,177$833,438$765,528$1,088,436
68$1,169,424$832,408$749,304$1,137,226
69$1,245,517$830,007$731,217$1,189,774
70$1,328,011$826,129$711,164$1,246,454
71$1,417,517$820,658$689,037$1,307,676
72$1,514,704$813,471$664,720$1,373,897
73$1,620,311$804,438$638,096$1,445,619
74$1,735,151$793,423$609,039$1,523,397
75$1,860,115$780,280$577,421$1,607,843
76$1,996,187$764,854$543,105$1,699,633
77$2,144,448$746,982$505,949$1,799,514
78$2,306,088$726,490$465,804$1,908,309
79$2,482,417$703,196$422,517$2,026,929
80$2,674,876$676,905$375,924$2,156,376
81$2,885,053$647,413$325,857$2,297,760
82$3,114,693$614,502$272,139$2,452,302
83$3,365,722$577,942$214,585$2,621,354
84$3,640,255$537,490$153,003$2,806,403
85$3,940,624$492,891$87,191$3,009,094
86$4,269,396$443,871$16,941$3,231,240
87$4,629,398$390,144$0$3,474,843
88$5,023,743$331,407$0$3,753,256
89$5,455,858$267,340$0$4,061,968
90$5,929,520$197,604$0$4,400,454
91$6,448,886$121,842$0$4,771,729
92$7,018,536$39,675$0$5,179,115
93$7,643,513$0$0$5,626,272
94$8,329,375$0$0$6,125,373
95$9,082,240$0$0$6,680,471
96$9,908,851$0$0$7,289,993
97$10,816,633$0$0$7,959,423
98$11,813,767$0$0$8,694,798
99$12,909,264$0$0$9,502,773
100$14,113,053$0$0$10,390,675