Can I retire at age 63 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$64,742$64,165$63,603$63,053$62,517$60,686
2 years$32,050$31,454$30,875$30,314$29,770$27,940
3 years$21,155$20,555$19,978$19,423$18,887$17,116
4 years$15,708$15,110$14,539$13,993$13,471$11,771
5 years$12,441$11,847$11,283$10,748$10,240$8,618
6 years$10,263$9,674$9,118$8,595$8,103$6,558
7 years$8,709$8,124$7,577$7,067$6,590$5,123
8 years$7,543$6,964$6,426$5,928$5,467$4,078
9 years$6,637$6,063$5,535$5,049$4,604$3,291
10 years$5,913$5,344$4,825$4,353$3,923$2,684
11 years$5,320$4,758$4,248$3,788$3,374$2,206
12 years$4,827$4,270$3,770$3,323$2,924$1,826
13 years$4,410$3,859$3,368$2,933$2,549$1,519
14 years$4,053$3,508$3,027$2,604$2,235$1,269
15 years$3,744$3,204$2,733$2,322$1,968$1,064
16 years$3,473$2,940$2,477$2,079$1,739$894
17 years$3,235$2,708$2,254$1,868$1,542$754
18 years$3,024$2,502$2,058$1,684$1,371$636
19 years$2,835$2,319$1,884$1,521$1,222$538
20 years$2,665$2,155$1,729$1,378$1,092$456
21 years$2,511$2,007$1,590$1,250$977$386
22 years$2,372$1,874$1,466$1,137$876$328
23 years$2,244$1,752$1,353$1,035$786$278
24 years$2,128$1,642$1,252$944$706$237
25 years$2,021$1,541$1,159$862$636$201
26 years$1,923$1,448$1,075$789$573$171
27 years$1,832$1,363$998$722$516$146
28 years$1,747$1,284$928$661$466$124
29 years$1,669$1,211$864$606$421$106
30 years$1,596$1,144$805$557$380$90
31 years$1,528$1,082$750$511$344$77
32 years$1,464$1,023$700$470$311$65
33 years$1,404$969$653$432$281$56
34 years$1,348$919$610$397$255$48
35 years$1,295$871$571$366$231$41
36 years$1,245$827$534$337$209$35
37 years$1,198$785$500$311$189$29
38 years$1,154$746$468$286$172$25
39 years$1,112$710$438$264$156$21
40 years$1,072$675$411$243$141$18
41 years$1,034$643$385$225$128$16
42 years$998$612$361$207$116$13
43 years$964$583$339$191$106$11
44 years$932$556$318$177$96$10
45 years$901$530$299$163$87$8
46 years$871$506$281$151$79$7
47 years$843$483$264$139$72$6
48 years$816$461$248$129$65$5
49 years$790$440$233$119$59$4
50 years$765$420$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $784,000, adding $5,178 every year, while hoping to spend $35,451 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: 66/15/19 Blend
62$784,000$784,000$784,000$784,000
63$869,309$827,757$815,605$922,237
64$920,259$830,598$805,208$961,189
65$975,218$832,389$793,275$999,196
66$1,034,557$833,043$779,716$1,039,894
67$1,098,684$832,464$764,439$1,083,547
68$1,168,048$830,554$747,346$1,130,445
69$1,243,142$827,204$728,336$1,180,912
70$1,324,509$822,303$707,301$1,235,302
71$1,412,743$815,730$684,130$1,294,008
72$1,508,501$807,360$658,707$1,357,466
73$1,612,504$797,056$630,909$1,426,153
74$1,725,544$784,677$600,610$1,500,599
75$1,848,495$770,070$567,675$1,581,389
76$1,982,315$753,077$531,966$1,669,168
77$2,128,060$733,528$493,336$1,764,650
78$2,286,894$711,242$451,634$1,868,621
79$2,460,094$686,030$406,701$1,981,952
80$2,649,069$657,691$358,371$2,105,601
81$2,855,368$626,011$306,470$2,240,628
82$3,080,696$590,767$250,817$2,388,203
83$3,326,931$551,718$191,224$2,549,616
84$3,596,141$508,615$127,492$2,726,294
85$3,890,600$461,190$59,416$2,919,809
86$4,212,815$409,162$0$3,131,898
87$4,565,545$352,234$0$3,367,159
88$4,951,830$290,092$0$3,638,053
89$5,375,014$222,404$0$3,934,904
90$5,838,782$148,820$0$4,260,337
91$6,347,195$68,968$0$4,617,243
92$6,904,720$0$0$5,008,814
93$7,516,281$0$0$5,441,458
94$8,187,300$0$0$5,928,708
95$8,923,751$0$0$6,463,522
96$9,732,213$0$0$7,050,685
97$10,619,932$0$0$7,695,466
98$11,594,892$0$0$8,403,673
99$12,665,887$0$0$9,181,699
100$13,842,605$0$0$10,036,591