Can I retire at age 63 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$65,568$64,984$64,414$63,858$63,315$61,485
2 years$32,459$31,855$31,269$30,701$30,150$28,321
3 years$21,425$20,817$20,233$19,670$19,128$17,358
4 years$15,908$15,303$14,724$14,171$13,642$11,944
5 years$12,599$11,998$11,427$10,885$10,371$8,748
6 years$10,394$9,797$9,235$8,705$8,206$6,661
7 years$8,820$8,228$7,674$7,157$6,674$5,207
8 years$7,639$7,053$6,508$6,004$5,536$4,147
9 years$6,722$6,141$5,605$5,114$4,663$3,348
10 years$5,988$5,413$4,887$4,408$3,973$2,732
11 years$5,388$4,818$4,302$3,836$3,417$2,248
12 years$4,889$4,325$3,818$3,365$2,961$1,862
13 years$4,466$3,908$3,411$2,971$2,582$1,550
14 years$4,105$3,553$3,065$2,637$2,263$1,295
15 years$3,791$3,245$2,767$2,352$1,993$1,087
16 years$3,518$2,978$2,509$2,106$1,761$914
17 years$3,276$2,742$2,283$1,892$1,562$771
18 years$3,062$2,534$2,084$1,705$1,389$651
19 years$2,871$2,348$1,908$1,541$1,238$551
20 years$2,699$2,182$1,751$1,395$1,105$467
21 years$2,543$2,033$1,611$1,266$989$396
22 years$2,402$1,897$1,484$1,151$887$337
23 years$2,273$1,775$1,371$1,049$796$286
24 years$2,155$1,663$1,268$956$715$243
25 years$2,047$1,560$1,174$873$644$207
26 years$1,947$1,467$1,089$799$580$176
27 years$1,855$1,380$1,011$731$523$150
28 years$1,770$1,301$940$670$472$128
29 years$1,690$1,227$875$614$426$109
30 years$1,616$1,159$815$564$385$93
31 years$1,547$1,095$760$518$348$79
32 years$1,483$1,036$709$476$315$68
33 years$1,422$981$662$438$285$58
34 years$1,365$930$618$403$258$49
35 years$1,312$882$578$371$234$42
36 years$1,261$837$541$341$212$36
37 years$1,213$795$506$314$192$31
38 years$1,168$756$474$290$174$26
39 years$1,126$719$444$267$158$22
40 years$1,086$684$416$247$143$19
41 years$1,047$651$390$227$130$16
42 years$1,011$620$366$210$118$14
43 years$976$591$344$194$107$12
44 years$943$563$322$179$97$10
45 years$912$537$303$165$88$9
46 years$882$512$284$153$80$7
47 years$854$489$267$141$73$6
48 years$826$467$251$130$66$5
49 years$800$446$236$120$60$5
50 years$775$426$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $794,000, adding $5,922 every year, while hoping to spend $56,173 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: 69/12/19 Blend
62$794,000$794,000$794,000$794,000
63$881,097$839,015$826,708$937,415
64$911,201$820,359$794,635$957,102
65$942,493$798,906$759,605$971,473
66$975,035$774,460$721,459$985,810
67$1,008,893$746,813$680,032$1,000,105
68$1,044,138$715,745$635,152$1,014,352
69$1,080,847$681,024$586,636$1,028,543
70$1,119,102$642,402$534,297$1,042,674
71$1,158,991$599,621$477,937$1,056,740
72$1,200,610$552,404$417,349$1,070,738
73$1,244,061$500,460$352,319$1,084,669
74$1,289,455$443,483$282,622$1,098,532
75$1,336,912$381,146$208,022$1,112,334
76$1,386,562$313,106$128,275$1,126,081
77$1,438,544$239,002$43,125$1,139,784
78$1,493,011$158,448$0$1,153,459
79$1,550,127$71,041$0$1,176,803
80$1,610,071$0$0$1,210,123
81$1,673,037$0$0$1,247,880
82$1,739,236$0$0$1,297,452
83$1,808,897$0$0$1,349,632
84$1,882,269$0$0$1,404,610
85$1,959,625$0$0$1,462,591
86$2,041,260$0$0$1,523,799
87$2,127,497$0$0$1,588,479
88$2,218,688$0$0$1,656,899
89$2,315,218$0$0$1,729,348
90$2,417,505$0$0$1,806,146
91$2,526,009$0$0$1,887,640
92$2,641,231$0$0$1,974,210
93$2,763,719$0$0$2,066,272
94$2,894,073$0$0$2,164,282
95$3,032,949$0$0$2,268,737
96$3,181,067$0$0$2,380,182
97$3,339,213$0$0$2,499,217
98$3,508,251$0$0$2,626,494
99$3,689,127$0$0$2,762,734
100$3,882,878$0$0$2,908,722