Can I retire at age 63 with 767,000?

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 $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%18.9%
1 years$63,338$62,774$62,224$61,686$61,162$58,968
2 years$31,356$30,772$30,206$29,657$29,125$26,938
3 years$20,696$20,110$19,545$19,001$18,478$16,368
4 years$15,367$14,783$14,224$13,689$13,179$11,161
5 years$12,171$11,590$11,038$10,515$10,018$8,098
6 years$10,041$9,464$8,921$8,409$7,927$6,105
7 years$8,520$7,948$7,413$6,913$6,447$4,723
8 years$7,380$6,813$6,287$5,799$5,348$3,722
9 years$6,493$5,932$5,415$4,940$4,504$2,972
10 years$5,784$5,229$4,721$4,258$3,838$2,398
11 years$5,205$4,655$4,156$3,706$3,300$1,950
12 years$4,722$4,178$3,688$3,251$2,860$1,596
13 years$4,314$3,775$3,295$2,870$2,494$1,312
14 years$3,965$3,432$2,961$2,547$2,186$1,083
15 years$3,663$3,135$2,673$2,272$1,925$897
16 years$3,398$2,876$2,424$2,034$1,701$745
17 years$3,165$2,649$2,206$1,828$1,508$620
18 years$2,958$2,448$2,013$1,647$1,341$517
19 years$2,773$2,269$1,843$1,488$1,196$432
20 years$2,607$2,108$1,692$1,348$1,068$361
21 years$2,457$1,964$1,556$1,223$956$302
22 years$2,320$1,833$1,434$1,112$857$253
23 years$2,196$1,714$1,324$1,013$769$212
24 years$2,082$1,606$1,224$924$691$178
25 years$1,977$1,507$1,134$844$622$149
26 years$1,881$1,417$1,052$772$560$125
27 years$1,792$1,333$977$706$505$105
28 years$1,709$1,256$908$647$456$88
29 years$1,633$1,185$845$593$412$74
30 years$1,561$1,119$787$545$372$62
31 years$1,495$1,058$734$500$336$52
32 years$1,432$1,001$685$460$304$44
33 years$1,374$948$639$423$275$37
34 years$1,319$899$597$389$249$31
35 years$1,267$852$558$358$226$26
36 years$1,218$809$522$330$204$22
37 years$1,172$768$489$304$185$18
38 years$1,129$730$458$280$168$16
39 years$1,088$694$429$258$152$13
40 years$1,049$661$402$238$138$11
41 years$1,012$629$377$220$125$9
42 years$977$599$354$203$114$8
43 years$943$571$332$187$103$7
44 years$911$544$311$173$94$5
45 years$881$519$292$160$85$5
46 years$852$495$275$147$77$4
47 years$825$472$258$136$70$3
48 years$798$451$243$126$64$3
49 years$773$430$228$116$58$2
50 years$749$411$214$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $767,000, adding $3,012 every year, while hoping to spend $20,798 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: 50/21/29 Blend
62$767,000$767,000$767,000$767,000
63$848,341$807,690$795,801$883,655
64$912,743$825,138$800,332$926,134
65$983,017$842,744$804,317$969,977
66$1,059,739$860,493$807,717$1,017,231
67$1,143,546$878,370$810,488$1,068,230
68$1,235,136$896,359$812,588$1,123,342
69$1,335,279$914,440$813,969$1,182,974
70$1,444,823$932,592$814,582$1,247,573
71$1,564,700$950,795$814,376$1,317,633
72$1,695,939$969,024$813,297$1,393,700
73$1,839,671$987,252$811,289$1,476,373
74$1,997,142$1,005,452$808,292$1,566,316
75$2,169,725$1,023,593$804,244$1,664,260
76$2,358,930$1,041,643$799,079$1,771,010
77$2,566,423$1,059,566$792,731$1,887,456
78$2,794,038$1,077,323$785,127$2,014,578
79$3,043,793$1,094,875$776,191$2,153,458
80$3,317,913$1,112,177$765,847$2,305,288
81$3,618,848$1,129,182$754,011$2,471,383
82$3,949,297$1,145,839$740,597$2,653,194
83$4,312,235$1,162,094$725,516$2,852,320
84$4,710,935$1,177,889$708,673$3,070,524
85$5,149,007$1,193,162$689,970$3,309,753
86$5,630,425$1,207,846$669,304$3,572,149
87$6,159,568$1,221,871$646,565$3,860,080
88$6,741,262$1,235,160$621,643$4,176,152
89$7,380,821$1,247,633$594,418$4,523,241
90$8,084,101$1,259,204$564,768$4,904,518
91$8,857,555$1,269,781$532,563$5,323,480
92$9,708,290$1,279,265$497,669$5,783,981
93$10,644,140$1,287,553$459,945$6,290,271
94$11,673,733$1,294,533$419,243$6,847,037
95$12,806,576$1,300,088$375,411$7,459,446
96$14,053,147$1,304,092$328,287$8,133,194
97$15,424,987$1,306,412$277,704$8,874,562
98$16,934,816$1,306,906$223,487$9,690,474
99$18,596,645$1,305,423$165,452$10,588,564
100$20,425,918$1,301,803$103,409$11,577,247