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%19.6%
1 years$64,659$64,083$63,522$62,973$62,438$60,031
2 years$32,010$31,413$30,836$30,276$29,732$27,337
3 years$21,128$20,529$19,953$19,398$18,863$16,554
4 years$15,688$15,091$14,520$13,975$13,453$11,248
5 years$12,425$11,832$11,268$10,734$10,227$8,131
6 years$10,250$9,661$9,107$8,584$8,092$6,107
7 years$8,697$8,114$7,568$7,058$6,581$4,706
8 years$7,533$6,955$6,418$5,920$5,460$3,693
9 years$6,629$6,055$5,528$5,043$4,598$2,936
10 years$5,905$5,338$4,819$4,347$3,918$2,359
11 years$5,314$4,752$4,243$3,783$3,369$1,909
12 years$4,821$4,265$3,765$3,318$2,920$1,555
13 years$4,404$3,854$3,364$2,930$2,546$1,273
14 years$4,048$3,503$3,023$2,601$2,232$1,046
15 years$3,739$3,200$2,729$2,319$1,965$862
16 years$3,469$2,936$2,474$2,077$1,737$712
17 years$3,231$2,704$2,252$1,866$1,540$589
18 years$3,020$2,499$2,055$1,682$1,369$489
19 years$2,831$2,316$1,882$1,519$1,220$406
20 years$2,661$2,152$1,727$1,376$1,090$338
21 years$2,508$2,005$1,588$1,249$976$281
22 years$2,369$1,871$1,464$1,136$874$234
23 years$2,242$1,750$1,352$1,034$785$195
24 years$2,125$1,640$1,250$943$706$163
25 years$2,019$1,539$1,158$861$635$136
26 years$1,920$1,446$1,074$788$572$113
27 years$1,829$1,361$997$721$516$94
28 years$1,745$1,283$927$661$465$79
29 years$1,667$1,210$863$606$420$66
30 years$1,594$1,143$803$556$380$55
31 years$1,526$1,080$749$511$343$46
32 years$1,462$1,022$699$469$310$38
33 years$1,402$968$653$431$281$32
34 years$1,346$917$610$397$254$27
35 years$1,293$870$570$365$230$22
36 years$1,244$826$533$337$209$19
37 years$1,197$784$499$310$189$16
38 years$1,152$745$467$286$172$13
39 years$1,110$709$438$264$156$11
40 years$1,070$674$410$243$141$9
41 years$1,033$642$385$224$128$8
42 years$997$611$361$207$116$6
43 years$963$583$339$191$105$5
44 years$930$555$318$176$96$4
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$3
47 years$842$482$263$139$72$3
48 years$815$460$248$128$65$2
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $783,000, adding $2,585 every year, while hoping to spend $34,565 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: 54/25/21 Blend
62$783,000$783,000$783,000$783,000
63$865,532$824,033$811,897$907,176
64$917,040$827,634$802,319$939,625
65$972,643$830,253$791,261$971,086
66$1,032,722$831,805$778,638$1,004,594
67$1,097,696$832,200$764,359$1,040,356
68$1,168,027$831,344$748,331$1,078,600
69$1,244,220$829,134$730,454$1,119,579
70$1,326,832$825,463$710,626$1,163,574
71$1,416,475$820,216$688,738$1,210,896
72$1,513,822$813,274$664,677$1,261,889
73$1,619,613$804,506$638,325$1,316,936
74$1,734,664$793,777$609,560$1,376,457
75$1,859,871$780,943$578,251$1,440,922
76$1,996,219$765,850$544,263$1,510,846
77$2,144,794$748,337$507,457$1,586,804
78$2,306,789$728,233$467,683$1,669,429
79$2,483,520$705,354$424,789$1,759,421
80$2,676,433$679,510$378,613$1,857,558
81$2,887,120$650,497$328,987$1,964,695
82$3,117,334$618,100$275,736$2,081,784
83$3,369,005$582,090$218,677$2,209,872
84$3,644,259$542,228$157,618$2,350,119
85$3,945,435$498,258$92,359$2,503,808
86$4,275,108$449,912$22,692$2,672,357
87$4,636,116$396,904$0$2,857,331
88$5,031,583$338,936$0$3,072,035
89$5,464,949$275,688$0$3,312,988
90$5,940,003$206,825$0$3,577,265
91$6,460,917$131,994$0$3,867,256
92$7,032,288$50,820$0$4,185,598
93$7,659,179$0$0$4,535,199
94$8,347,164$0$0$4,929,471
95$9,102,387$0$0$5,377,700
96$9,931,612$0$0$5,869,929
97$10,842,293$0$0$6,410,591
98$11,842,640$0$0$7,004,572
99$12,941,697$0$0$7,657,252
100$14,149,427$0$0$8,374,560