Can I retire at age 63 with 768,000?

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 $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%14.9%
1 years$63,421$62,856$62,305$61,767$61,241$60,005
2 years$31,396$30,812$30,245$29,696$29,163$27,922
3 years$20,723$20,136$19,571$19,026$18,502$17,296
4 years$15,387$14,802$14,242$13,707$13,196$12,034
5 years$12,187$11,605$11,053$10,529$10,031$8,917
6 years$10,054$9,476$8,932$8,420$7,937$6,872
7 years$8,531$7,958$7,423$6,922$6,455$5,439
8 years$7,389$6,822$6,295$5,807$5,355$4,387
9 years$6,502$5,939$5,422$4,946$4,510$3,590
10 years$5,792$5,235$4,727$4,264$3,843$2,970
11 years$5,212$4,661$4,162$3,711$3,305$2,478
12 years$4,729$4,183$3,693$3,255$2,864$2,082
13 years$4,320$3,780$3,300$2,873$2,497$1,759
14 years$3,970$3,436$2,965$2,551$2,189$1,493
15 years$3,667$3,139$2,677$2,275$1,927$1,272
16 years$3,403$2,880$2,427$2,037$1,704$1,087
17 years$3,169$2,652$2,208$1,830$1,510$931
18 years$2,962$2,451$2,016$1,649$1,343$799
19 years$2,777$2,272$1,846$1,490$1,197$688
20 years$2,610$2,111$1,694$1,350$1,069$593
21 years$2,460$1,966$1,558$1,225$957$511
22 years$2,323$1,835$1,436$1,114$858$442
23 years$2,199$1,717$1,326$1,014$770$382
24 years$2,085$1,608$1,226$925$692$331
25 years$1,980$1,509$1,136$845$623$286
26 years$1,884$1,418$1,053$773$561$248
27 years$1,794$1,335$978$707$506$215
28 years$1,712$1,258$909$648$456$187
29 years$1,635$1,187$846$594$412$162
30 years$1,563$1,121$788$545$372$141
31 years$1,496$1,059$735$501$337$122
32 years$1,434$1,002$685$460$304$106
33 years$1,375$949$640$423$276$92
34 years$1,320$900$598$389$249$80
35 years$1,269$853$559$358$226$70
36 years$1,220$810$523$330$205$61
37 years$1,174$769$490$304$186$53
38 years$1,130$731$458$280$168$46
39 years$1,089$695$430$259$153$40
40 years$1,050$661$403$238$138$35
41 years$1,013$630$377$220$126$30
42 years$978$600$354$203$114$26
43 years$944$571$332$187$103$23
44 years$912$545$312$173$94$20
45 years$882$519$293$160$85$17
46 years$853$495$275$148$77$15
47 years$826$473$258$136$70$13
48 years$799$451$243$126$64$11
49 years$774$431$228$116$58$10
50 years$750$412$215$108$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $768,000, adding $3,612 every year, while hoping to spend $50,494 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: 63/32/5 Blend
62$768,000$768,000$768,000$768,000
63$850,062$809,358$797,454$902,753
64$883,043$795,291$770,443$924,222
65$917,696$778,843$740,836$941,367
66$954,137$759,843$708,490$958,760
67$992,496$738,111$673,261$976,422
68$1,032,909$713,458$634,994$994,378
69$1,075,528$685,680$593,529$1,012,656
70$1,120,519$654,565$548,699$1,031,291
71$1,168,060$619,887$500,329$1,050,323
72$1,218,348$581,407$448,235$1,069,799
73$1,271,596$538,872$392,228$1,089,772
74$1,328,038$492,016$332,107$1,110,305
75$1,387,930$440,557$267,664$1,131,469
76$1,451,550$384,195$198,682$1,153,348
77$1,519,204$322,617$124,934$1,176,037
78$1,591,226$255,488$46,182$1,199,642
79$1,667,981$182,458$0$1,224,288
80$1,749,871$103,154$0$1,252,135
81$1,837,334$17,185$0$1,284,082
82$1,930,851$0$0$1,317,858
83$2,030,950$0$0$1,380,397
84$2,138,207$0$0$1,453,928
85$2,253,258$0$0$1,532,842
86$2,376,798$0$0$1,617,618
87$2,509,591$0$0$1,708,787
88$2,652,475$0$0$1,806,930
89$2,806,371$0$0$1,912,685
90$2,972,290$0$0$2,026,752
91$3,151,342$0$0$2,149,902
92$3,344,747$0$0$2,282,980
93$3,553,847$0$0$2,426,917
94$3,780,115$0$0$2,582,733
95$4,025,171$0$0$2,751,554
96$4,290,797$0$0$2,934,614
97$4,578,951$0$0$3,133,272
98$4,891,787$0$0$3,349,022
99$5,231,674$0$0$3,583,507
100$5,601,219$0$0$3,838,535