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%16.3%
1 years$64,659$64,083$63,522$62,973$62,438$60,829
2 years$32,010$31,413$30,836$30,276$29,732$28,123
3 years$21,128$20,529$19,953$19,398$18,863$17,303
4 years$15,688$15,091$14,520$13,975$13,453$11,954
5 years$12,425$11,832$11,268$10,734$10,227$8,793
6 years$10,250$9,661$9,107$8,584$8,092$6,725
7 years$8,697$8,114$7,568$7,058$6,581$5,280
8 years$7,533$6,955$6,418$5,920$5,460$4,225
9 years$6,629$6,055$5,528$5,043$4,598$3,428
10 years$5,905$5,338$4,819$4,347$3,918$2,811
11 years$5,314$4,752$4,243$3,783$3,369$2,325
12 years$4,821$4,265$3,765$3,318$2,920$1,935
13 years$4,404$3,854$3,364$2,930$2,546$1,620
14 years$4,048$3,503$3,023$2,601$2,232$1,362
15 years$3,739$3,200$2,729$2,319$1,965$1,149
16 years$3,469$2,936$2,474$2,077$1,737$972
17 years$3,231$2,704$2,252$1,866$1,540$824
18 years$3,020$2,499$2,055$1,682$1,369$701
19 years$2,831$2,316$1,882$1,519$1,220$597
20 years$2,661$2,152$1,727$1,376$1,090$509
21 years$2,508$2,005$1,588$1,249$976$434
22 years$2,369$1,871$1,464$1,136$874$371
23 years$2,242$1,750$1,352$1,034$785$317
24 years$2,125$1,640$1,250$943$706$272
25 years$2,019$1,539$1,158$861$635$233
26 years$1,920$1,446$1,074$788$572$199
27 years$1,829$1,361$997$721$516$171
28 years$1,745$1,283$927$661$465$147
29 years$1,667$1,210$863$606$420$126
30 years$1,594$1,143$803$556$380$108
31 years$1,526$1,080$749$511$343$93
32 years$1,462$1,022$699$469$310$80
33 years$1,402$968$653$431$281$68
34 years$1,346$917$610$397$254$59
35 years$1,293$870$570$365$230$50
36 years$1,244$826$533$337$209$43
37 years$1,197$784$499$310$189$37
38 years$1,152$745$467$286$172$32
39 years$1,110$709$438$264$156$28
40 years$1,070$674$410$243$141$24
41 years$1,033$642$385$224$128$20
42 years$997$611$361$207$116$17
43 years$963$583$339$191$105$15
44 years$930$555$318$176$96$13
45 years$899$529$299$163$87$11
46 years$870$505$280$150$79$10
47 years$842$482$263$139$72$8
48 years$815$460$248$128$65$7
49 years$789$439$233$119$59$6
50 years$764$420$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $783,000, adding $6,873 every year, while hoping to spend $52,487 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: 57/16/27 Blend
62$783,000$783,000$783,000$783,000
63$869,955$828,456$816,320$912,760
64$902,845$813,205$787,821$927,629
65$937,331$795,447$756,608$937,732
66$973,519$775,005$722,535$947,661
67$1,011,527$751,689$685,449$957,413
68$1,051,480$725,300$645,189$966,991
69$1,093,518$695,626$601,590$976,400
70$1,137,789$662,444$554,476$985,646
71$1,184,457$625,517$503,664$994,743
72$1,233,700$584,596$448,965$1,003,706
73$1,285,711$539,414$390,178$1,012,558
74$1,340,701$489,693$327,097$1,021,326
75$1,398,901$435,137$259,504$1,030,046
76$1,460,564$375,434$187,172$1,038,760
77$1,525,964$310,252$109,864$1,047,519
78$1,595,402$239,244$27,335$1,056,386
79$1,669,207$162,041$0$1,065,433
80$1,747,739$78,254$0$1,092,244
81$1,831,391$0$0$1,128,964
82$1,920,596$0$0$1,170,111
83$2,015,826$0$0$1,228,785
84$2,117,598$0$0$1,291,533
85$2,226,479$0$0$1,358,709
86$2,343,092$0$0$1,430,704
87$2,468,120$0$0$1,507,945
88$2,602,310$0$0$1,590,900
89$2,746,485$0$0$1,680,085
90$2,901,546$0$0$1,776,064
91$3,068,483$0$0$1,879,459
92$3,248,383$0$0$1,990,950
93$3,442,441$0$0$2,111,287
94$3,651,969$0$0$2,241,292
95$3,878,408$0$0$2,381,869
96$4,123,343$0$0$2,534,011
97$4,388,515$0$0$2,698,812
98$4,675,840$0$0$2,877,471
99$4,987,422$0$0$3,071,311
100$5,325,577$0$0$3,281,783