Can I retire at age 63 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$63,338$62,774$62,224$61,686$61,162$58,735
2 years$31,356$30,772$30,206$29,657$29,125$26,710
3 years$20,696$20,110$19,545$19,001$18,478$16,151
4 years$15,367$14,783$14,224$13,689$13,179$10,957
5 years$12,171$11,590$11,038$10,515$10,018$7,908
6 years$10,041$9,464$8,921$8,409$7,927$5,930
7 years$8,520$7,948$7,413$6,913$6,447$4,562
8 years$7,380$6,813$6,287$5,799$5,348$3,573
9 years$6,493$5,932$5,415$4,940$4,504$2,836
10 years$5,784$5,229$4,721$4,258$3,838$2,274
11 years$5,205$4,655$4,156$3,706$3,300$1,837
12 years$4,722$4,178$3,688$3,251$2,860$1,493
13 years$4,314$3,775$3,295$2,870$2,494$1,220
14 years$3,965$3,432$2,961$2,547$2,186$1,000
15 years$3,663$3,135$2,673$2,272$1,925$822
16 years$3,398$2,876$2,424$2,034$1,701$678
17 years$3,165$2,649$2,206$1,828$1,508$560
18 years$2,958$2,448$2,013$1,647$1,341$463
19 years$2,773$2,269$1,843$1,488$1,196$384
20 years$2,607$2,108$1,692$1,348$1,068$318
21 years$2,457$1,964$1,556$1,223$956$264
22 years$2,320$1,833$1,434$1,112$857$220
23 years$2,196$1,714$1,324$1,013$769$183
24 years$2,082$1,606$1,224$924$691$152
25 years$1,977$1,507$1,134$844$622$126
26 years$1,881$1,417$1,052$772$560$105
27 years$1,792$1,333$977$706$505$88
28 years$1,709$1,256$908$647$456$73
29 years$1,633$1,185$845$593$412$61
30 years$1,561$1,119$787$545$372$51
31 years$1,495$1,058$734$500$336$42
32 years$1,432$1,001$685$460$304$35
33 years$1,374$948$639$423$275$29
34 years$1,319$899$597$389$249$24
35 years$1,267$852$558$358$226$20
36 years$1,218$809$522$330$204$17
37 years$1,172$768$489$304$185$14
38 years$1,129$730$458$280$168$12
39 years$1,088$694$429$258$152$10
40 years$1,049$661$402$238$138$8
41 years$1,012$629$377$220$125$7
42 years$977$599$354$203$114$6
43 years$943$571$332$187$103$5
44 years$911$544$311$173$94$4
45 years$881$519$292$160$85$3
46 years$852$495$275$147$77$3
47 years$825$472$258$136$70$2
48 years$798$451$243$126$64$2
49 years$773$430$228$116$58$2
50 years$749$411$214$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $767,000, adding $2,687 every year, while hoping to spend $44,644 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: 46/37/17 Blend
62$767,000$767,000$767,000$767,000
63$848,006$807,355$795,466$882,793
64$887,001$799,414$774,613$899,371
65$928,478$789,588$751,566$912,640
66$972,643$777,738$726,203$926,081
67$1,019,720$763,714$698,398$939,730
68$1,069,956$747,361$668,019$953,628
69$1,123,623$728,513$634,929$967,823
70$1,181,017$706,995$598,984$982,373
71$1,242,462$682,619$560,031$997,344
72$1,308,316$655,190$517,915$1,012,812
73$1,378,969$624,500$472,470$1,028,867
74$1,454,851$590,327$423,525$1,045,610
75$1,536,433$552,440$370,900$1,063,159
76$1,624,231$510,591$314,407$1,081,646
77$1,718,813$464,521$253,851$1,101,225
78$1,820,804$413,955$189,027$1,122,069
79$1,930,888$358,601$119,721$1,144,375
80$2,049,818$298,151$45,711$1,168,366
81$2,178,421$232,283$0$1,194,295
82$2,317,607$160,651$0$1,228,483
83$2,468,375$82,895$0$1,274,456
84$2,631,824$0$0$1,324,323
85$2,809,162$0$0$1,379,097
86$3,001,719$0$0$1,475,293
87$3,210,956$0$0$1,579,900
88$3,438,482$0$0$1,693,731
89$3,686,066$0$0$1,817,684
90$3,955,654$0$0$1,952,741
91$4,249,390$0$0$2,099,989
92$4,569,629$0$0$2,260,620
93$4,918,967$0$0$2,435,949
94$5,300,260$0$0$2,627,420
95$5,716,650$0$0$2,836,626
96$6,171,599$0$0$3,065,319
97$6,668,916$0$0$3,315,428
98$7,212,795$0$0$3,589,078
99$7,807,855$0$0$3,888,608
100$8,459,181$0$0$4,216,594