Can I retire at age 63 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$63,834$63,265$62,710$62,169$61,640$61,098
2 years$31,601$31,012$30,442$29,889$29,352$28,806
3 years$20,858$20,267$19,698$19,150$18,622$18,089
4 years$15,488$14,898$14,335$13,797$13,282$12,765
5 years$12,266$11,680$11,125$10,597$10,096$9,598
6 years$10,119$9,538$8,990$8,475$7,989$7,510
7 years$8,586$8,010$7,471$6,967$6,497$6,037
8 years$7,437$6,866$6,336$5,845$5,390$4,949
9 years$6,544$5,978$5,457$4,978$4,539$4,118
10 years$5,830$5,269$4,758$4,291$3,868$3,465
11 years$5,246$4,691$4,189$3,735$3,326$2,942
12 years$4,759$4,210$3,717$3,276$2,882$2,516
13 years$4,348$3,805$3,321$2,892$2,514$2,165
14 years$3,996$3,459$2,984$2,567$2,203$1,872
15 years$3,691$3,160$2,694$2,290$1,940$1,626
16 years$3,425$2,899$2,443$2,050$1,715$1,417
17 years$3,190$2,670$2,223$1,842$1,520$1,238
18 years$2,981$2,467$2,029$1,660$1,352$1,085
19 years$2,795$2,286$1,858$1,500$1,205$953
20 years$2,627$2,125$1,705$1,359$1,076$838
21 years$2,476$1,979$1,568$1,233$963$739
22 years$2,338$1,847$1,445$1,121$863$652
23 years$2,213$1,728$1,334$1,021$775$576
24 years$2,098$1,619$1,234$931$697$510
25 years$1,993$1,519$1,143$850$627$451
26 years$1,896$1,428$1,060$778$565$400
27 years$1,806$1,344$984$712$509$355
28 years$1,723$1,266$915$652$459$315
29 years$1,646$1,194$852$598$415$279
30 years$1,573$1,128$793$549$375$248
31 years$1,506$1,066$739$504$339$221
32 years$1,443$1,009$690$463$306$196
33 years$1,384$956$644$426$277$175
34 years$1,329$906$602$392$251$155
35 years$1,277$859$563$361$227$138
36 years$1,228$815$526$332$206$123
37 years$1,181$774$493$306$187$110
38 years$1,138$736$461$282$169$98
39 years$1,096$700$432$260$154$87
40 years$1,057$666$405$240$139$77
41 years$1,020$634$380$221$126$69
42 years$984$604$356$204$115$62
43 years$950$575$334$189$104$55
44 years$918$548$314$174$94$49
45 years$888$523$295$161$86$44
46 years$859$499$277$149$78$39
47 years$831$476$260$137$71$35
48 years$804$454$244$127$64$31
49 years$779$434$230$117$58$28
50 years$755$414$216$108$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $773,000, adding $6,513 every year, while hoping to spend $55,231 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: 74/9/17 Blend
62$773,000$773,000$773,000$773,000
63$858,564$817,595$805,614$918,298
64$887,372$798,892$773,836$940,046
65$917,268$777,421$739,143$956,462
66$948,303$752,989$701,379$972,992
67$980,535$725,390$660,380$989,636
68$1,014,022$694,407$615,975$1,006,391
69$1,048,830$659,810$567,988$1,023,258
70$1,085,026$621,357$516,231$1,040,237
71$1,122,685$578,789$460,511$1,057,329
72$1,161,885$531,836$400,624$1,074,538
73$1,202,711$480,210$336,359$1,091,869
74$1,245,254$423,607$267,493$1,109,328
75$1,289,612$361,706$193,797$1,126,925
76$1,335,891$294,168$115,027$1,144,672
77$1,384,205$220,635$30,934$1,162,584
78$1,434,677$140,729$0$1,180,679
79$1,487,439$54,049$0$1,209,647
80$1,542,635$0$0$1,245,530
81$1,600,421$0$0$1,286,740
82$1,660,964$0$0$1,335,533
83$1,724,448$0$0$1,386,706
84$1,791,071$0$0$1,440,420
85$1,861,046$0$0$1,496,848
86$1,934,609$0$0$1,556,182
87$2,012,013$0$0$1,618,628
88$2,093,535$0$0$1,684,410
89$2,179,475$0$0$1,753,774
90$2,270,162$0$0$1,826,985
91$2,365,952$0$0$1,904,335
92$2,467,237$0$0$1,986,142
93$2,574,441$0$0$2,072,751
94$2,688,030$0$0$2,164,541
95$2,808,512$0$0$2,261,925
96$2,936,441$0$0$2,365,355
97$3,072,424$0$0$2,475,325
98$3,217,127$0$0$2,592,377
99$3,371,276$0$0$2,717,102
100$3,535,667$0$0$2,850,148