Can I retire at age 63 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$63,421$62,856$62,305$61,767$61,241$60,351
2 years$31,396$30,812$30,245$29,696$29,163$28,268
3 years$20,723$20,136$19,571$19,026$18,502$17,630
4 years$15,387$14,802$14,242$13,707$13,196$12,353
5 years$12,187$11,605$11,053$10,529$10,031$9,221
6 years$10,054$9,476$8,932$8,420$7,937$7,160
7 years$8,531$7,958$7,423$6,922$6,455$5,712
8 years$7,389$6,822$6,295$5,807$5,355$4,645
9 years$6,502$5,939$5,422$4,946$4,510$3,833
10 years$5,792$5,235$4,727$4,264$3,843$3,198
11 years$5,212$4,661$4,162$3,711$3,305$2,692
12 years$4,729$4,183$3,693$3,255$2,864$2,282
13 years$4,320$3,780$3,300$2,873$2,497$1,946
14 years$3,970$3,436$2,965$2,551$2,189$1,667
15 years$3,667$3,139$2,677$2,275$1,927$1,434
16 years$3,403$2,880$2,427$2,037$1,704$1,237
17 years$3,169$2,652$2,208$1,830$1,510$1,071
18 years$2,962$2,451$2,016$1,649$1,343$929
19 years$2,777$2,272$1,846$1,490$1,197$807
20 years$2,610$2,111$1,694$1,350$1,069$703
21 years$2,460$1,966$1,558$1,225$957$613
22 years$2,323$1,835$1,436$1,114$858$535
23 years$2,199$1,717$1,326$1,014$770$468
24 years$2,085$1,608$1,226$925$692$410
25 years$1,980$1,509$1,136$845$623$359
26 years$1,884$1,418$1,053$773$561$314
27 years$1,794$1,335$978$707$506$276
28 years$1,712$1,258$909$648$456$242
29 years$1,635$1,187$846$594$412$212
30 years$1,563$1,121$788$545$372$187
31 years$1,496$1,059$735$501$337$164
32 years$1,434$1,002$685$460$304$144
33 years$1,375$949$640$423$276$127
34 years$1,320$900$598$389$249$111
35 years$1,269$853$559$358$226$98
36 years$1,220$810$523$330$205$86
37 years$1,174$769$490$304$186$76
38 years$1,130$731$458$280$168$67
39 years$1,089$695$430$259$153$59
40 years$1,050$661$403$238$138$52
41 years$1,013$630$377$220$126$46
42 years$978$600$354$203$114$40
43 years$944$571$332$187$103$35
44 years$912$545$312$173$94$31
45 years$882$519$293$160$85$27
46 years$853$495$275$148$77$24
47 years$826$473$258$136$70$21
48 years$799$451$243$126$64$19
49 years$774$431$228$116$58$16
50 years$750$412$215$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $768,000, adding $6,673 every year, while hoping to spend $41,598 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: 43/43/14 Blend
62$768,000$768,000$768,000$768,000
63$853,219$812,515$800,611$886,169
64$895,988$808,068$783,172$905,467
65$941,724$802,010$763,754$921,694
66$990,688$794,216$742,247$938,369
67$1,043,162$784,557$718,537$955,550
68$1,099,459$772,894$692,502$973,306
69$1,159,920$759,082$664,017$991,714
70$1,224,919$742,965$632,949$1,010,863
71$1,294,870$724,379$599,162$1,030,854
72$1,370,223$703,150$562,510$1,051,802
73$1,451,475$679,093$522,843$1,073,838
74$1,539,172$652,015$480,005$1,097,110
75$1,633,913$621,709$433,830$1,121,785
76$1,736,356$587,957$384,148$1,148,053
77$1,847,226$550,529$330,778$1,176,125
78$1,967,318$509,179$273,534$1,206,243
79$2,097,507$463,652$212,220$1,238,677
80$2,238,755$413,674$146,632$1,273,730
81$2,392,121$358,956$76,557$1,311,742
82$2,558,768$299,196$1,773$1,353,097
83$2,739,976$234,070$0$1,398,223
84$2,937,154$163,241$0$1,459,255
85$3,151,852$86,348$0$1,526,113
86$3,385,776$3,013$0$1,599,169
87$3,640,801$0$0$1,679,132
88$3,918,993$0$0$1,808,034
89$4,222,626$0$0$1,950,370
90$4,554,203$0$0$2,105,898
91$4,916,478$0$0$2,275,922
92$5,312,483$0$0$2,461,879
93$5,745,559$0$0$2,665,348
94$6,219,382$0$0$2,888,070
95$6,737,999$0$0$3,131,962
96$7,305,869$0$0$3,399,135
97$7,927,900$0$0$3,691,911
98$8,609,499$0$0$4,012,853
99$9,356,619$0$0$4,364,777
100$10,175,817$0$0$4,750,790