Can I retire at age 63 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$63,090$62,528$61,980$61,445$60,922$60,186
2 years$31,233$30,651$30,087$29,541$29,011$28,270
3 years$20,615$20,031$19,469$18,927$18,406$17,683
4 years$15,307$14,725$14,168$13,636$13,127$12,428
5 years$12,123$11,544$10,995$10,474$9,979$9,306
6 years$10,001$9,427$8,886$8,376$7,896$7,250
7 years$8,486$7,917$7,384$6,886$6,422$5,802
8 years$7,351$6,786$6,262$5,777$5,327$4,735
9 years$6,468$5,908$5,394$4,920$4,486$3,921
10 years$5,762$5,208$4,702$4,242$3,823$3,283
11 years$5,185$4,636$4,140$3,691$3,288$2,774
12 years$4,704$4,161$3,674$3,238$2,849$2,361
13 years$4,298$3,761$3,282$2,859$2,484$2,021
14 years$3,950$3,418$2,949$2,537$2,178$1,738
15 years$3,648$3,123$2,663$2,263$1,917$1,501
16 years$3,385$2,865$2,414$2,026$1,695$1,301
17 years$3,153$2,639$2,197$1,821$1,503$1,131
18 years$2,946$2,438$2,005$1,641$1,336$985
19 years$2,762$2,260$1,836$1,483$1,191$860
20 years$2,597$2,100$1,685$1,343$1,064$752
21 years$2,447$1,956$1,550$1,219$952$659
22 years$2,311$1,826$1,428$1,108$853$578
23 years$2,187$1,708$1,319$1,009$766$508
24 years$2,074$1,600$1,220$920$688$446
25 years$1,970$1,501$1,130$840$619$393
26 years$1,874$1,411$1,048$769$558$346
27 years$1,785$1,328$973$703$503$305
28 years$1,703$1,251$904$644$454$269
29 years$1,626$1,181$842$591$410$237
30 years$1,555$1,115$784$542$370$209
31 years$1,489$1,054$731$498$335$185
32 years$1,427$997$682$458$303$163
33 years$1,368$944$637$421$274$144
34 years$1,313$895$595$387$248$128
35 years$1,262$849$556$357$225$113
36 years$1,213$806$520$328$204$100
37 years$1,168$765$487$303$185$88
38 years$1,124$727$456$279$167$78
39 years$1,083$692$427$257$152$69
40 years$1,045$658$400$237$138$61
41 years$1,008$626$376$219$125$54
42 years$973$597$352$202$113$48
43 years$939$568$331$186$103$42
44 years$908$542$310$172$93$37
45 years$878$517$291$159$85$33
46 years$849$493$274$147$77$29
47 years$821$470$257$136$70$26
48 years$795$449$242$125$63$23
49 years$770$429$227$116$58$20
50 years$746$410$213$107$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $764,000, adding $6,241 every year, while hoping to spend $32,109 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: 68/8/24 Blend
62$764,000$764,000$764,000$764,000
63$848,366$807,874$796,032$900,452
64$900,735$813,296$788,535$941,593
65$957,370$817,907$779,711$982,319
66$1,018,672$821,635$769,481$1,026,122
67$1,085,082$824,400$757,764$1,073,305
68$1,157,084$826,119$744,473$1,124,205
69$1,235,212$826,705$729,519$1,179,190
70$1,320,053$826,062$712,806$1,238,669
71$1,412,251$824,092$694,238$1,303,093
72$1,512,516$820,688$673,711$1,372,959
73$1,621,629$815,739$651,116$1,448,816
74$1,740,449$809,124$626,343$1,531,271
75$1,869,921$800,717$599,271$1,620,991
76$2,011,086$790,385$569,780$1,718,715
77$2,165,088$777,985$537,738$1,825,257
78$2,333,187$763,367$503,013$1,941,515
79$2,516,772$746,371$465,464$2,068,481
80$2,717,368$726,829$424,943$2,207,249
81$2,936,658$704,562$381,296$2,359,025
82$3,176,492$679,380$334,365$2,525,141
83$3,438,909$651,084$283,980$2,707,066
84$3,726,152$619,461$229,968$2,906,421
85$4,040,692$584,288$172,145$3,124,994
86$4,385,252$545,327$110,321$3,364,757
87$4,762,828$502,328$44,296$3,627,885
88$5,176,720$455,026$0$3,916,778
89$5,630,564$403,141$0$4,240,783
90$6,128,363$346,377$0$4,608,661
91$6,674,527$284,420$0$5,012,333
92$7,273,914$216,942$0$5,455,413
93$7,931,874$143,593$0$5,941,878
94$8,654,300$64,004$0$6,476,115
95$9,447,685$0$0$7,062,956
96$10,319,181$0$0$7,709,681
97$11,276,666$0$0$8,426,454
98$12,328,820$0$0$9,214,145
99$13,485,204$0$0$10,079,919
100$14,756,354$0$0$11,031,669