Can I retire at age 63 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$64,659$64,083$63,522$62,973$62,438$61,657
2 years$32,010$31,413$30,836$30,276$29,732$28,947
3 years$21,128$20,529$19,953$19,398$18,863$18,098
4 years$15,688$15,091$14,520$13,975$13,453$12,713
5 years$12,425$11,832$11,268$10,734$10,227$9,515
6 years$10,250$9,661$9,107$8,584$8,092$7,408
7 years$8,697$8,114$7,568$7,058$6,581$5,926
8 years$7,533$6,955$6,418$5,920$5,460$4,833
9 years$6,629$6,055$5,528$5,043$4,598$4,000
10 years$5,905$5,338$4,819$4,347$3,918$3,347
11 years$5,314$4,752$4,243$3,783$3,369$2,826
12 years$4,821$4,265$3,765$3,318$2,920$2,404
13 years$4,404$3,854$3,364$2,930$2,546$2,056
14 years$4,048$3,503$3,023$2,601$2,232$1,768
15 years$3,739$3,200$2,729$2,319$1,965$1,526
16 years$3,469$2,936$2,474$2,077$1,737$1,321
17 years$3,231$2,704$2,252$1,866$1,540$1,147
18 years$3,020$2,499$2,055$1,682$1,369$999
19 years$2,831$2,316$1,882$1,519$1,220$871
20 years$2,661$2,152$1,727$1,376$1,090$762
21 years$2,508$2,005$1,588$1,249$976$667
22 years$2,369$1,871$1,464$1,136$874$584
23 years$2,242$1,750$1,352$1,034$785$513
24 years$2,125$1,640$1,250$943$706$451
25 years$2,019$1,539$1,158$861$635$396
26 years$1,920$1,446$1,074$788$572$349
27 years$1,829$1,361$997$721$516$307
28 years$1,745$1,283$927$661$465$270
29 years$1,667$1,210$863$606$420$238
30 years$1,594$1,143$803$556$380$210
31 years$1,526$1,080$749$511$343$186
32 years$1,462$1,022$699$469$310$164
33 years$1,402$968$653$431$281$145
34 years$1,346$917$610$397$254$128
35 years$1,293$870$570$365$230$113
36 years$1,244$826$533$337$209$100
37 years$1,197$784$499$310$189$88
38 years$1,152$745$467$286$172$78
39 years$1,110$709$438$264$156$69
40 years$1,070$674$410$243$141$61
41 years$1,033$642$385$224$128$54
42 years$997$611$361$207$116$48
43 years$963$583$339$191$105$42
44 years$930$555$318$176$96$37
45 years$899$529$299$163$87$33
46 years$870$505$280$150$79$29
47 years$842$482$263$139$72$26
48 years$815$460$248$128$65$23
49 years$789$439$233$119$59$20
50 years$764$420$219$110$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $783,000, adding $3,839 every year, while hoping to spend $59,669 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: 34/48/18 Blend
62$783,000$783,000$783,000$783,000
63$866,826$825,327$813,190$891,374
64$891,755$802,281$776,945$886,700
65$917,227$776,105$737,485$875,852
66$943,234$746,584$694,641$862,894
67$969,766$713,489$648,234$847,674
68$996,809$676,577$598,077$830,031
69$1,024,347$635,593$543,976$809,794
70$1,052,358$590,265$485,727$786,779
71$1,080,818$540,307$423,118$760,795
72$1,109,696$485,416$355,927$731,637
73$1,138,956$425,273$283,921$699,086
74$1,168,557$359,539$206,860$662,913
75$1,198,450$287,857$124,491$622,872
76$1,228,580$209,850$36,549$578,703
77$1,258,881$125,118$0$530,131
78$1,289,280$33,242$0$487,868
79$1,319,692$0$0$448,804
80$1,350,023$0$0$440,619
81$1,380,162$0$0$449,857
82$1,409,986$0$0$458,913
83$1,439,359$0$0$467,733
84$1,468,121$0$0$476,256
85$1,496,100$0$0$484,413
86$1,523,096$0$0$492,130
87$1,548,889$0$0$499,320
88$1,573,232$0$0$505,888
89$1,595,848$0$0$511,730
90$1,616,429$0$0$516,725
91$1,634,629$0$0$520,744
92$1,650,066$0$0$523,639
93$1,662,311$0$0$525,247
94$1,670,890$0$0$525,387
95$1,675,273$0$0$523,858
96$1,674,872$0$0$520,437
97$1,669,036$0$0$514,877
98$1,657,038$0$0$506,901
99$1,638,077$0$0$496,207
100$1,611,260$0$0$482,457