Can I retire at age 63 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$65,816$65,229$64,657$64,099$63,554$62,347
2 years$32,582$31,975$31,387$30,817$30,264$29,053
3 years$21,506$20,896$20,309$19,745$19,201$18,023
4 years$15,968$15,361$14,780$14,225$13,694$12,559
5 years$12,647$12,043$11,470$10,926$10,410$9,321
6 years$10,433$9,834$9,269$8,738$8,237$7,195
7 years$8,853$8,259$7,703$7,184$6,699$5,704
8 years$7,668$7,079$6,533$6,026$5,557$4,609
9 years$6,747$6,164$5,627$5,133$4,680$3,778
10 years$6,011$5,433$4,905$4,425$3,988$3,131
11 years$5,409$4,837$4,319$3,851$3,430$2,618
12 years$4,907$4,341$3,833$3,378$2,972$2,203
13 years$4,483$3,923$3,424$2,982$2,592$1,865
14 years$4,120$3,566$3,077$2,647$2,272$1,586
15 years$3,806$3,258$2,778$2,361$2,000$1,354
16 years$3,531$2,989$2,519$2,114$1,768$1,160
17 years$3,289$2,753$2,292$1,899$1,568$996
18 years$3,074$2,544$2,092$1,712$1,394$857
19 years$2,882$2,357$1,915$1,547$1,242$739
20 years$2,709$2,191$1,758$1,401$1,110$638
21 years$2,553$2,040$1,617$1,271$993$552
22 years$2,411$1,905$1,490$1,156$890$478
23 years$2,282$1,781$1,376$1,053$799$414
24 years$2,163$1,669$1,272$960$718$359
25 years$2,055$1,566$1,178$877$646$312
26 years$1,955$1,472$1,093$802$582$271
27 years$1,862$1,385$1,015$734$525$236
28 years$1,776$1,305$944$672$474$205
29 years$1,697$1,232$878$617$428$178
30 years$1,622$1,163$818$566$386$155
31 years$1,553$1,099$762$520$349$135
32 years$1,488$1,040$711$478$316$118
33 years$1,427$985$664$439$286$103
34 years$1,370$934$621$404$259$89
35 years$1,316$886$580$372$234$78
36 years$1,266$841$543$343$212$68
37 years$1,218$798$508$316$193$59
38 years$1,173$759$476$291$175$52
39 years$1,130$721$446$268$158$45
40 years$1,090$686$418$247$144$39
41 years$1,051$653$392$228$130$34
42 years$1,015$622$367$211$118$30
43 years$980$593$345$194$107$26
44 years$947$565$324$180$97$23
45 years$915$539$304$166$88$20
46 years$885$514$285$153$80$17
47 years$857$491$268$142$73$15
48 years$829$468$252$131$66$13
49 years$803$447$237$121$60$11
50 years$778$427$223$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $797,000, adding $5,911 every year, while hoping to spend $57,428 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: 65/13/22 Blend
62$797,000$797,000$797,000$797,000
63$884,391$842,150$829,797$936,516
64$913,496$822,313$796,492$952,465
65$943,645$799,578$760,147$962,851
66$974,884$773,745$720,599$972,871
67$1,007,261$744,597$677,678$982,493
68$1,040,828$711,909$631,206$991,682
69$1,075,640$675,440$581,000$1,000,404
70$1,111,756$634,937$526,863$1,008,621
71$1,149,236$590,130$468,595$1,016,295
72$1,188,149$540,737$405,983$1,023,387
73$1,228,563$486,456$338,807$1,029,858
74$1,270,556$426,972$266,836$1,035,665
75$1,314,207$361,948$189,829$1,040,766
76$1,359,603$291,030$107,535$1,045,118
77$1,406,837$213,845$19,692$1,048,676
78$1,456,009$129,998$0$1,051,397
79$1,507,224$39,070$0$1,070,618
80$1,560,599$0$0$1,094,973
81$1,616,256$0$0$1,128,355
82$1,674,330$0$0$1,169,028
83$1,734,964$0$0$1,211,505
84$1,798,312$0$0$1,255,897
85$1,864,543$0$0$1,302,323
86$1,933,838$0$0$1,350,912
87$2,006,392$0$0$1,401,803
88$2,082,420$0$0$1,455,147
89$2,162,151$0$0$1,511,108
90$2,245,835$0$0$1,569,865
91$2,333,743$0$0$1,631,611
92$2,426,172$0$0$1,696,556
93$2,523,441$0$0$1,764,929
94$2,625,901$0$0$1,836,979
95$2,733,931$0$0$1,912,977
96$2,847,947$0$0$1,993,218
97$2,968,399$0$0$2,078,024
98$3,095,781$0$0$2,167,749
99$3,230,631$0$0$2,262,774
100$3,373,537$0$0$2,363,521