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%12.2%
1 years$63,090$62,528$61,980$61,445$60,922$60,362
2 years$31,233$30,651$30,087$29,541$29,011$28,446
3 years$20,615$20,031$19,469$18,927$18,406$17,854
4 years$15,307$14,725$14,168$13,636$13,127$12,593
5 years$12,123$11,544$10,995$10,474$9,979$9,464
6 years$10,001$9,427$8,886$8,376$7,896$7,401
7 years$8,486$7,917$7,384$6,886$6,422$5,946
8 years$7,351$6,786$6,262$5,777$5,327$4,872
9 years$6,468$5,908$5,394$4,920$4,486$4,051
10 years$5,762$5,208$4,702$4,242$3,823$3,407
11 years$5,185$4,636$4,140$3,691$3,288$2,891
12 years$4,704$4,161$3,674$3,238$2,849$2,471
13 years$4,298$3,761$3,282$2,859$2,484$2,125
14 years$3,950$3,418$2,949$2,537$2,178$1,836
15 years$3,648$3,123$2,663$2,263$1,917$1,593
16 years$3,385$2,865$2,414$2,026$1,695$1,387
17 years$3,153$2,639$2,197$1,821$1,503$1,212
18 years$2,946$2,438$2,005$1,641$1,336$1,061
19 years$2,762$2,260$1,836$1,483$1,191$931
20 years$2,597$2,100$1,685$1,343$1,064$819
21 years$2,447$1,956$1,550$1,219$952$721
22 years$2,311$1,826$1,428$1,108$853$636
23 years$2,187$1,708$1,319$1,009$766$561
24 years$2,074$1,600$1,220$920$688$496
25 years$1,970$1,501$1,130$840$619$439
26 years$1,874$1,411$1,048$769$558$389
27 years$1,785$1,328$973$703$503$344
28 years$1,703$1,251$904$644$454$305
29 years$1,626$1,181$842$591$410$271
30 years$1,555$1,115$784$542$370$241
31 years$1,489$1,054$731$498$335$214
32 years$1,427$997$682$458$303$190
33 years$1,368$944$637$421$274$169
34 years$1,313$895$595$387$248$150
35 years$1,262$849$556$357$225$133
36 years$1,213$806$520$328$204$119
37 years$1,168$765$487$303$185$106
38 years$1,124$727$456$279$167$94
39 years$1,083$692$427$257$152$84
40 years$1,045$658$400$237$138$74
41 years$1,008$626$376$219$125$66
42 years$973$597$352$202$113$59
43 years$939$568$331$186$103$53
44 years$908$542$310$172$93$47
45 years$878$517$291$159$85$42
46 years$849$493$274$147$77$37
47 years$821$470$257$136$70$33
48 years$795$449$242$125$63$29
49 years$770$429$227$116$58$26
50 years$746$410$213$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $764,000, adding $3,952 every year, while hoping to spend $59,419 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: 84/10/6 Blend
62$764,000$764,000$764,000$764,000
63$846,004$805,512$793,670$916,466
64$869,076$781,761$757,037$939,290
65$892,508$754,855$717,185$955,872
66$916,277$724,576$673,944$972,207
67$940,352$690,694$627,135$988,232
68$964,696$652,966$576,572$1,003,876
69$989,269$611,135$522,061$1,019,063
70$1,014,023$564,929$463,399$1,033,708
71$1,038,902$514,061$400,372$1,047,716
72$1,063,846$458,225$332,760$1,060,985
73$1,088,781$397,101$260,330$1,073,400
74$1,113,627$330,349$182,842$1,084,836
75$1,138,292$257,611$100,042$1,095,154
76$1,162,671$178,507$11,667$1,104,203
77$1,186,648$92,638$0$1,111,815
78$1,210,089$0$0$1,123,096
79$1,232,848$0$0$1,133,741
80$1,254,757$0$0$1,153,786
81$1,275,629$0$0$1,172,864
82$1,295,257$0$0$1,190,782
83$1,313,406$0$0$1,207,324
84$1,329,816$0$0$1,222,248
85$1,344,198$0$0$1,235,285
86$1,356,226$0$0$1,246,136
87$1,365,541$0$0$1,254,466
88$1,371,743$0$0$1,259,904
89$1,374,385$0$0$1,262,038
90$1,372,972$0$0$1,260,409
91$1,366,954$0$0$1,254,507
92$1,355,722$0$0$1,243,768
93$1,338,598$0$0$1,227,564
94$1,314,833$0$0$1,205,201
95$1,283,593$0$0$1,175,908
96$1,243,959$0$0$1,138,832
97$1,194,909$0$0$1,093,028
98$1,135,315$0$0$1,037,451
99$1,063,925$0$0$970,942
100$979,357$0$0$892,221