Can I retire at age 63 with 763,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$63,008$62,447$61,899$61,365$60,843$60,510
2 years$31,192$30,611$30,048$29,502$28,973$28,637
3 years$20,588$20,005$19,443$18,902$18,381$18,053
4 years$15,287$14,706$14,150$13,618$13,110$12,791
5 years$12,107$11,529$10,981$10,460$9,966$9,658
6 years$9,988$9,415$8,874$8,365$7,886$7,589
7 years$8,475$7,906$7,374$6,877$6,413$6,128
8 years$7,341$6,777$6,254$5,769$5,320$5,047
9 years$6,459$5,901$5,387$4,914$4,480$4,218
10 years$5,754$5,201$4,696$4,236$3,818$3,567
11 years$5,178$4,630$4,134$3,687$3,283$3,043
12 years$4,698$4,156$3,669$3,234$2,845$2,616
13 years$4,292$3,756$3,278$2,855$2,481$2,263
14 years$3,944$3,414$2,945$2,534$2,175$1,967
15 years$3,643$3,119$2,659$2,260$1,915$1,717
16 years$3,380$2,861$2,411$2,024$1,692$1,504
17 years$3,148$2,635$2,194$1,818$1,501$1,322
18 years$2,943$2,435$2,003$1,639$1,334$1,165
19 years$2,759$2,257$1,834$1,481$1,189$1,029
20 years$2,593$2,097$1,683$1,341$1,062$911
21 years$2,444$1,953$1,548$1,217$951$807
22 years$2,308$1,823$1,426$1,107$852$717
23 years$2,184$1,705$1,317$1,008$765$637
24 years$2,071$1,598$1,218$919$688$567
25 years$1,967$1,499$1,128$839$619$505
26 years$1,871$1,409$1,046$767$557$451
27 years$1,783$1,326$972$703$502$402
28 years$1,701$1,250$903$644$453$359
29 years$1,624$1,179$841$590$409$321
30 years$1,553$1,113$783$542$370$287
31 years$1,487$1,053$730$497$334$257
32 years$1,425$996$681$457$302$230
33 years$1,366$943$636$420$274$206
34 years$1,312$894$594$387$248$184
35 years$1,260$848$555$356$224$165
36 years$1,212$805$520$328$203$148
37 years$1,166$764$486$302$184$133
38 years$1,123$726$455$279$167$119
39 years$1,082$691$427$257$152$107
40 years$1,043$657$400$237$137$96
41 years$1,006$626$375$219$125$86
42 years$971$596$352$202$113$77
43 years$938$568$330$186$103$69
44 years$907$541$310$172$93$62
45 years$876$516$291$159$85$56
46 years$848$492$273$147$77$50
47 years$820$470$257$135$70$45
48 years$794$448$241$125$63$40
49 years$769$428$227$116$58$36
50 years$745$409$213$107$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $763,000, adding $4,482 every year, while hoping to spend $20,164 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: 42/35/23 Blend
62$763,000$763,000$763,000$763,000
63$845,449$805,010$793,184$875,098
64$910,231$823,001$798,301$914,669
65$980,944$841,198$802,914$955,221
66$1,058,173$859,590$806,984$998,733
67$1,142,560$878,163$810,472$1,045,488
68$1,234,814$896,905$813,335$1,095,798
69$1,335,711$915,801$815,528$1,150,008
70$1,446,112$934,833$817,006$1,208,498
71$1,566,959$953,983$817,720$1,271,687
72$1,699,293$973,232$817,617$1,340,036
73$1,844,258$992,559$816,645$1,414,055
74$2,003,117$1,011,938$814,748$1,494,306
75$2,177,258$1,031,346$811,865$1,581,408
76$2,368,211$1,050,755$807,934$1,676,045
77$2,577,660$1,070,134$802,892$1,778,969
78$2,807,462$1,089,450$796,669$1,891,012
79$3,059,660$1,108,671$789,195$2,013,090
80$3,336,507$1,127,757$780,394$2,146,214
81$3,640,482$1,146,668$770,188$2,291,498
82$3,974,317$1,165,361$758,496$2,450,171
83$4,341,022$1,183,788$745,230$2,623,590
84$4,743,913$1,201,901$730,302$2,813,248
85$5,186,642$1,219,644$713,617$3,020,794
86$5,673,234$1,236,960$695,077$3,248,046
87$6,208,120$1,253,788$674,579$3,497,009
88$6,796,186$1,270,061$652,015$3,769,894
89$7,442,812$1,285,709$627,273$4,069,139
90$8,153,927$1,300,657$600,234$4,397,431
91$8,936,061$1,314,823$570,776$4,757,735
92$9,796,412$1,328,122$538,770$5,153,320
93$10,742,908$1,340,462$504,080$5,587,791
94$11,784,286$1,351,745$466,568$6,065,120
95$12,930,170$1,361,868$426,085$6,589,691
96$14,191,167$1,370,719$382,479$7,166,335
97$15,578,963$1,378,181$335,588$7,800,379
98$17,106,433$1,384,128$285,246$8,497,697
99$18,787,765$1,388,426$231,278$9,264,766
100$20,638,591$1,390,934$173,501$10,108,725