Can I retire at age 63 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$65,981$65,393$64,820$64,260$63,713$61,453
2 years$32,664$32,055$31,466$30,894$30,340$28,086
3 years$21,559$20,949$20,360$19,794$19,249$17,073
4 years$16,008$15,399$14,817$14,261$13,728$11,648
5 years$12,679$12,073$11,499$10,954$10,436$8,455
6 years$10,460$9,859$9,293$8,760$8,258$6,379
7 years$8,875$8,279$7,722$7,202$6,716$4,938
8 years$7,687$7,097$6,549$6,041$5,571$3,893
9 years$6,764$6,179$5,641$5,146$4,692$3,111
10 years$6,026$5,447$4,918$4,436$3,998$2,512
11 years$5,422$4,849$4,329$3,860$3,438$2,044
12 years$4,919$4,352$3,842$3,386$2,979$1,674
13 years$4,494$3,933$3,433$2,989$2,598$1,377
14 years$4,131$3,575$3,084$2,654$2,278$1,138
15 years$3,815$3,266$2,785$2,367$2,005$943
16 years$3,540$2,996$2,525$2,119$1,772$784
17 years$3,297$2,759$2,298$1,904$1,571$653
18 years$3,081$2,550$2,097$1,716$1,397$545
19 years$2,889$2,363$1,920$1,550$1,245$455
20 years$2,716$2,196$1,762$1,404$1,112$381
21 years$2,559$2,045$1,621$1,274$995$319
22 years$2,417$1,909$1,494$1,159$892$267
23 years$2,287$1,786$1,379$1,055$801$224
24 years$2,169$1,673$1,276$962$720$188
25 years$2,060$1,570$1,181$879$648$158
26 years$1,960$1,476$1,096$804$584$133
27 years$1,867$1,389$1,017$736$526$111
28 years$1,781$1,309$946$674$475$94
29 years$1,701$1,235$880$618$429$79
30 years$1,626$1,166$820$567$387$66
31 years$1,557$1,102$764$521$350$56
32 years$1,492$1,043$713$479$317$47
33 years$1,431$988$666$440$287$39
34 years$1,374$936$622$405$260$33
35 years$1,320$888$582$373$235$28
36 years$1,269$843$544$343$213$23
37 years$1,221$800$509$316$193$20
38 years$1,176$761$477$292$175$17
39 years$1,133$723$447$269$159$14
40 years$1,092$688$419$248$144$12
41 years$1,054$655$393$229$131$10
42 years$1,017$624$368$211$119$8
43 years$982$594$346$195$108$7
44 years$949$567$324$180$98$6
45 years$918$540$305$166$89$5
46 years$888$515$286$154$80$4
47 years$859$492$269$142$73$4
48 years$831$470$253$131$66$3
49 years$805$448$237$121$60$2
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $799,000, adding $6,085 every year, while hoping to spend $32,563 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: 67/7/26 Blend
62$799,000$799,000$799,000$799,000
63$886,775$844,428$832,043$939,821
64$942,579$851,158$825,270$982,991
65$1,002,984$857,126$817,178$1,025,942
66$1,068,424$862,262$807,690$1,072,177
67$1,139,378$866,487$796,722$1,122,022
68$1,216,372$869,722$784,190$1,175,836
69$1,299,984$871,880$770,001$1,234,015
70$1,390,849$872,870$754,064$1,296,997
71$1,489,668$872,593$736,277$1,365,266
72$1,597,211$870,946$716,539$1,439,353
73$1,714,324$867,821$694,741$1,519,848
74$1,841,940$863,099$670,770$1,607,401
75$1,981,085$856,658$644,508$1,702,727
76$2,132,888$848,366$615,830$1,806,617
77$2,298,591$838,084$584,609$1,919,945
78$2,479,562$825,665$550,708$2,043,674
79$2,677,307$810,953$513,987$2,178,865
80$2,893,485$793,782$474,298$2,326,692
81$3,129,920$773,977$431,487$2,488,447
82$3,388,623$751,352$385,393$2,665,559
83$3,671,806$725,712$335,847$2,859,602
84$3,981,906$696,848$282,674$3,072,312
85$4,321,607$664,540$225,690$3,305,606
86$4,693,864$628,556$164,704$3,561,597
87$5,101,933$588,649$99,516$3,842,617
88$5,549,397$544,560$29,916$4,151,237
89$6,040,205$496,013$0$4,490,294
90$6,578,705$442,718$0$4,875,223
91$7,169,689$384,366$0$5,306,825
92$7,818,431$320,634$0$5,780,663
93$8,530,744$251,178$0$6,301,003
94$9,313,030$175,636$0$6,872,544
95$10,172,342$93,626$0$7,500,465
96$11,116,450$4,742$0$8,190,474
97$12,153,912$0$0$8,948,857
98$13,294,159$0$0$9,789,586
99$14,547,577$0$0$10,714,216
100$15,925,613$0$0$11,730,829