Can I retire at age 63 with 775,000?

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 $775,000?

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$63,999$63,429$62,873$62,330$61,800$61,129
2 years$31,683$31,093$30,521$29,966$29,428$28,753
3 years$20,912$20,319$19,749$19,200$18,671$18,011
4 years$15,528$14,937$14,372$13,832$13,316$12,678
5 years$12,298$11,711$11,153$10,624$10,123$9,508
6 years$10,145$9,563$9,014$8,496$8,010$7,419
7 years$8,609$8,031$7,490$6,985$6,514$5,948
8 years$7,456$6,884$6,352$5,860$5,404$4,862
9 years$6,561$5,994$5,471$4,991$4,551$4,033
10 years$5,845$5,283$4,770$4,303$3,878$3,384
11 years$5,259$4,703$4,199$3,745$3,335$2,864
12 years$4,772$4,221$3,727$3,284$2,890$2,442
13 years$4,359$3,815$3,330$2,900$2,520$2,095
14 years$4,006$3,468$2,992$2,574$2,209$1,805
15 years$3,701$3,168$2,701$2,296$1,945$1,562
16 years$3,434$2,906$2,449$2,055$1,719$1,357
17 years$3,198$2,677$2,229$1,847$1,524$1,182
18 years$2,989$2,473$2,034$1,664$1,355$1,032
19 years$2,802$2,292$1,862$1,504$1,208$903
20 years$2,634$2,130$1,709$1,362$1,079$791
21 years$2,482$1,984$1,572$1,236$966$695
22 years$2,344$1,852$1,449$1,124$866$611
23 years$2,219$1,732$1,338$1,024$777$538
24 years$2,104$1,623$1,237$934$698$474
25 years$1,998$1,523$1,146$853$628$418
26 years$1,901$1,431$1,063$780$566$369
27 years$1,811$1,347$987$714$510$326
28 years$1,727$1,269$917$654$460$288
29 years$1,650$1,198$854$600$416$255
30 years$1,578$1,131$795$550$376$225
31 years$1,510$1,069$741$505$340$200
32 years$1,447$1,012$692$464$307$177
33 years$1,388$958$646$427$278$157
34 years$1,332$908$603$393$252$139
35 years$1,280$861$564$362$228$123
36 years$1,231$817$528$333$207$109
37 years$1,184$776$494$307$187$97
38 years$1,140$738$463$283$170$86
39 years$1,099$702$433$261$154$76
40 years$1,060$667$406$241$140$67
41 years$1,022$635$381$222$127$60
42 years$987$605$357$205$115$53
43 years$953$577$335$189$104$47
44 years$921$550$315$175$95$42
45 years$890$524$296$161$86$37
46 years$861$500$278$149$78$33
47 years$833$477$261$138$71$29
48 years$807$455$245$127$64$26
49 years$781$435$230$118$58$23
50 years$757$415$217$109$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $775,000, adding $2,498 every year, while hoping to spend $29,101 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: 72/5/23 Blend
62$775,000$775,000$775,000$775,000
63$856,627$815,552$803,539$913,247
64$913,039$824,550$799,495$960,322
65$974,231$833,015$794,339$1,008,174
66$1,040,658$840,888$788,005$1,059,871
67$1,112,822$848,109$780,420$1,115,792
68$1,191,277$854,614$771,512$1,176,354
69$1,276,631$860,333$761,200$1,242,018
70$1,369,551$865,193$749,405$1,313,291
71$1,470,775$869,117$736,039$1,390,733
72$1,581,111$872,021$721,014$1,474,960
73$1,701,452$873,817$704,235$1,566,653
74$1,832,778$874,412$685,605$1,666,563
75$1,976,169$873,706$665,021$1,775,517
76$2,132,814$871,594$642,375$1,894,426
77$2,304,022$867,963$617,555$2,024,298
78$2,491,234$862,695$590,445$2,166,241
79$2,696,036$855,663$560,921$2,321,477
80$2,920,174$846,733$528,854$2,491,357
81$3,165,572$835,763$494,111$2,677,365
82$3,434,349$822,604$456,552$2,881,143
83$3,728,836$807,095$416,030$3,104,498
84$4,051,603$789,068$372,392$3,349,423
85$4,405,478$768,344$325,479$3,618,115
86$4,793,578$744,734$275,124$3,912,997
87$5,219,334$718,037$221,152$4,236,741
88$5,686,527$688,042$163,382$4,592,291
89$6,199,321$654,524$101,623$4,982,895
90$6,762,301$617,246$35,677$5,412,133
91$7,380,522$575,956$0$5,883,950
92$8,059,547$530,390$0$6,411,214
93$8,805,508$480,267$0$7,000,103
94$9,625,161$425,290$0$7,647,195
95$10,525,944$365,147$0$8,358,377
96$11,516,057$299,505$0$9,140,136
97$12,604,530$228,016$0$9,999,619
98$13,801,312$150,310$0$10,944,700
99$15,117,367$65,996$0$11,984,057
100$16,564,772$0$0$13,127,250