Can I retire at age 63 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$63,503$62,938$62,386$61,847$61,321$60,656
2 years$31,437$30,852$30,284$29,734$29,201$28,530
3 years$20,750$20,162$19,596$19,051$18,526$17,872
4 years$15,407$14,821$14,261$13,725$13,213$12,580
5 years$12,203$11,620$11,067$10,542$10,044$9,435
6 years$10,067$9,489$8,944$8,431$7,948$7,362
7 years$8,542$7,969$7,432$6,931$6,464$5,902
8 years$7,399$6,830$6,303$5,815$5,362$4,825
9 years$6,510$5,947$5,429$4,953$4,516$4,002
10 years$5,800$5,242$4,733$4,269$3,848$3,357
11 years$5,219$4,667$4,167$3,716$3,309$2,842
12 years$4,735$4,189$3,698$3,259$2,868$2,423
13 years$4,326$3,785$3,304$2,877$2,501$2,078
14 years$3,975$3,441$2,969$2,554$2,192$1,791
15 years$3,672$3,143$2,680$2,278$1,930$1,550
16 years$3,407$2,884$2,430$2,040$1,706$1,346
17 years$3,173$2,656$2,211$1,832$1,512$1,172
18 years$2,966$2,454$2,019$1,651$1,345$1,024
19 years$2,780$2,274$1,848$1,492$1,199$896
20 years$2,614$2,114$1,696$1,351$1,071$785
21 years$2,463$1,969$1,560$1,227$958$689
22 years$2,326$1,838$1,438$1,115$859$606
23 years$2,202$1,719$1,327$1,016$771$534
24 years$2,087$1,610$1,228$926$693$470
25 years$1,983$1,511$1,137$846$624$415
26 years$1,886$1,420$1,055$774$562$366
27 years$1,797$1,337$979$708$506$323
28 years$1,714$1,260$910$649$457$286
29 years$1,637$1,188$847$595$413$253
30 years$1,565$1,122$789$546$373$224
31 years$1,498$1,061$736$501$337$198
32 years$1,436$1,004$686$461$305$175
33 years$1,377$951$641$424$276$155
34 years$1,322$901$599$390$250$138
35 years$1,270$855$560$359$226$122
36 years$1,221$811$524$331$205$108
37 years$1,175$770$490$305$186$96
38 years$1,132$732$459$281$168$85
39 years$1,090$696$430$259$153$75
40 years$1,051$662$403$239$139$67
41 years$1,014$630$378$220$126$59
42 years$979$600$355$203$114$53
43 years$946$572$333$188$104$47
44 years$914$545$312$173$94$41
45 years$883$520$293$160$85$37
46 years$854$496$275$148$77$33
47 years$827$473$259$137$70$29
48 years$800$452$243$126$64$26
49 years$775$432$229$117$58$23
50 years$751$412$215$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $769,000, adding $6,775 every year, while hoping to spend $22,086 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: 53/24/23 Blend
62$769,000$769,000$769,000$769,000
63$854,426$813,669$801,750$893,952
64$918,079$830,040$805,109$938,290
65$987,483$846,472$807,841$983,667
66$1,063,203$862,946$809,900$1,032,586
67$1,145,859$879,440$811,241$1,085,391
68$1,236,134$895,929$811,815$1,142,464
69$1,334,778$912,389$811,569$1,204,225
70$1,442,620$928,790$810,452$1,271,139
71$1,560,570$945,104$808,405$1,343,715
72$1,689,632$961,297$805,369$1,422,517
73$1,830,908$977,335$801,284$1,508,168
74$1,985,617$993,181$796,083$1,601,352
75$2,155,097$1,008,793$789,698$1,702,825
76$2,340,822$1,024,129$782,058$1,813,421
77$2,544,417$1,039,143$773,088$1,934,059
78$2,767,671$1,053,784$762,710$2,065,754
79$3,012,554$1,068,001$750,842$2,209,622
80$3,281,237$1,081,735$737,397$2,366,898
81$3,576,109$1,094,926$722,286$2,538,939
82$3,899,805$1,107,510$705,415$2,727,247
83$4,255,223$1,119,416$686,685$2,933,473
84$4,645,560$1,130,572$665,993$3,159,441
85$5,074,335$1,140,898$643,232$3,407,162
86$5,545,425$1,150,310$618,288$3,678,852
87$6,063,102$1,158,718$591,044$3,976,954
88$6,632,071$1,166,028$561,377$4,304,166
89$7,257,517$1,172,138$529,158$4,663,458
90$7,945,151$1,176,940$494,252$5,058,108
91$8,701,266$1,180,320$456,519$5,491,727
92$9,532,795$1,182,155$415,811$5,968,301
93$10,447,375$1,182,315$371,976$6,492,221
94$11,453,423$1,180,664$324,853$7,068,330
95$12,560,211$1,177,056$274,274$7,701,967
96$13,777,955$1,171,334$220,065$8,399,019
97$15,117,912$1,163,335$162,043$9,165,975
98$16,592,484$1,152,884$100,017$10,009,991
99$18,215,339$1,139,797$33,788$10,938,953
100$20,001,532$1,123,876$0$11,961,559