Can I retire at age 63 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$63,916$63,347$62,791$62,249$61,720$60,722
2 years$31,642$31,052$30,481$29,928$29,390$28,388
3 years$20,885$20,293$19,723$19,175$18,646$17,671
4 years$15,508$14,918$14,354$13,814$13,299$12,357
5 years$12,282$11,696$11,139$10,611$10,110$9,205
6 years$10,132$9,550$9,002$8,486$7,999$7,132
7 years$8,597$8,020$7,481$6,976$6,506$5,676
8 years$7,447$6,875$6,344$5,852$5,397$4,606
9 years$6,552$5,986$5,464$4,985$4,545$3,791
10 years$5,837$5,276$4,764$4,297$3,873$3,155
11 years$5,253$4,697$4,194$3,740$3,331$2,650
12 years$4,766$4,216$3,722$3,280$2,886$2,240
13 years$4,354$3,810$3,325$2,896$2,517$1,905
14 years$4,001$3,463$2,988$2,571$2,206$1,628
15 years$3,696$3,164$2,698$2,293$1,943$1,396
16 years$3,429$2,903$2,446$2,053$1,717$1,202
17 years$3,194$2,673$2,226$1,844$1,522$1,037
18 years$2,985$2,470$2,032$1,662$1,354$897
19 years$2,798$2,289$1,860$1,502$1,206$777
20 years$2,631$2,127$1,707$1,360$1,078$675
21 years$2,479$1,981$1,570$1,235$964$587
22 years$2,341$1,850$1,447$1,122$864$511
23 years$2,216$1,730$1,336$1,022$776$445
24 years$2,101$1,621$1,236$932$697$388
25 years$1,995$1,521$1,144$851$628$339
26 years$1,898$1,430$1,061$779$565$296
27 years$1,808$1,345$986$713$510$259
28 years$1,725$1,268$916$653$460$227
29 years$1,648$1,196$853$599$415$198
30 years$1,576$1,129$794$550$375$174
31 years$1,508$1,068$740$505$339$152
32 years$1,445$1,010$691$464$307$133
33 years$1,386$957$645$427$278$117
34 years$1,331$907$603$392$251$102
35 years$1,278$860$563$361$228$90
36 years$1,229$816$527$333$206$79
37 years$1,183$775$493$307$187$69
38 years$1,139$737$462$283$170$60
39 years$1,098$701$433$261$154$53
40 years$1,058$667$406$240$139$47
41 years$1,021$635$380$222$127$41
42 years$985$604$357$205$115$36
43 years$952$576$335$189$104$31
44 years$920$549$314$174$95$28
45 years$889$523$295$161$86$24
46 years$860$499$277$149$78$21
47 years$832$476$260$137$71$19
48 years$805$455$245$127$64$16
49 years$780$434$230$117$58$14
50 years$756$415$216$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $774,000, adding $4,721 every year, while hoping to spend $45,069 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: 70/23/7 Blend
62$774,000$774,000$774,000$774,000
63$857,818$816,796$804,799$916,598
64$897,362$808,866$783,806$948,161
65$939,429$799,036$760,600$976,690
66$984,229$787,168$735,059$1,006,670
67$1,031,992$773,110$707,054$1,038,233
68$1,082,969$756,706$676,454$1,071,526
69$1,137,435$737,787$643,118$1,106,710
70$1,195,692$716,178$606,902$1,143,966
71$1,258,073$691,691$567,653$1,183,494
72$1,324,939$664,127$525,213$1,225,514
73$1,396,691$633,277$479,415$1,270,270
74$1,473,763$598,918$430,086$1,318,036
75$1,556,638$560,815$377,044$1,369,110
76$1,645,841$518,721$320,101$1,423,826
77$1,741,951$472,373$259,059$1,482,553
78$1,845,604$421,493$193,711$1,545,700
79$1,957,497$365,788$123,842$1,613,718
80$2,078,399$304,948$49,228$1,687,109
81$2,209,151$238,646$0$1,766,427
82$2,350,681$166,536$0$1,854,557
83$2,504,007$88,253$0$1,953,979
84$2,670,249$3,411$0$2,061,783
85$2,850,640$0$0$2,178,821
86$3,046,533$0$0$2,328,407
87$3,259,418$0$0$2,491,944
88$3,490,935$0$0$2,669,832
89$3,742,888$0$0$2,863,461
90$4,017,259$0$0$3,074,361
91$4,316,233$0$0$3,304,217
92$4,642,213$0$0$3,554,880
93$4,997,843$0$0$3,828,390
94$5,386,035$0$0$4,126,992
95$5,809,991$0$0$4,453,157
96$6,273,241$0$0$4,809,604
97$6,779,667$0$0$5,199,330
98$7,333,545$0$0$5,625,630
99$7,939,582$0$0$6,092,136
100$8,602,963$0$0$6,602,846