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%20%
1 years$63,999$63,429$62,873$62,330$61,800$59,324
2 years$31,683$31,093$30,521$29,966$29,428$26,966
3 years$20,912$20,319$19,749$19,200$18,671$16,298
4 years$15,528$14,937$14,372$13,832$13,316$11,051
5 years$12,298$11,711$11,153$10,624$10,123$7,972
6 years$10,145$9,563$9,014$8,496$8,010$5,974
7 years$8,609$8,031$7,490$6,985$6,514$4,593
8 years$7,456$6,884$6,352$5,860$5,404$3,596
9 years$6,561$5,994$5,471$4,991$4,551$2,852
10 years$5,845$5,283$4,770$4,303$3,878$2,285
11 years$5,259$4,703$4,199$3,745$3,335$1,845
12 years$4,772$4,221$3,727$3,284$2,890$1,499
13 years$4,359$3,815$3,330$2,900$2,520$1,223
14 years$4,006$3,468$2,992$2,574$2,209$1,002
15 years$3,701$3,168$2,701$2,296$1,945$824
16 years$3,434$2,906$2,449$2,055$1,719$678
17 years$3,198$2,677$2,229$1,847$1,524$560
18 years$2,989$2,473$2,034$1,664$1,355$463
19 years$2,802$2,292$1,862$1,504$1,208$383
20 years$2,634$2,130$1,709$1,362$1,079$318
21 years$2,482$1,984$1,572$1,236$966$264
22 years$2,344$1,852$1,449$1,124$866$219
23 years$2,219$1,732$1,338$1,024$777$182
24 years$2,104$1,623$1,237$934$698$151
25 years$1,998$1,523$1,146$853$628$126
26 years$1,901$1,431$1,063$780$566$105
27 years$1,811$1,347$987$714$510$87
28 years$1,727$1,269$917$654$460$72
29 years$1,650$1,198$854$600$416$60
30 years$1,578$1,131$795$550$376$50
31 years$1,510$1,069$741$505$340$42
32 years$1,447$1,012$692$464$307$35
33 years$1,388$958$646$427$278$29
34 years$1,332$908$603$393$252$24
35 years$1,280$861$564$362$228$20
36 years$1,231$817$528$333$207$17
37 years$1,184$776$494$307$187$14
38 years$1,140$738$463$283$170$12
39 years$1,099$702$433$261$154$10
40 years$1,060$667$406$241$140$8
41 years$1,022$635$381$222$127$7
42 years$987$605$357$205$115$6
43 years$953$577$335$189$104$5
44 years$921$550$315$175$95$4
45 years$890$524$296$161$86$3
46 years$861$500$278$149$78$3
47 years$833$477$261$138$71$2
48 years$807$455$245$127$64$2
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $775,000, adding $3,837 every year, while hoping to spend $46,573 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: 62/19/19 Blend
62$775,000$775,000$775,000$775,000
63$858,008$816,933$804,920$906,794
64$895,971$807,409$782,332$930,621
65$936,246$795,858$757,426$951,069
66$979,019$782,131$730,075$972,313
67$1,024,494$766,070$700,148$994,437
68$1,072,894$747,509$667,504$1,017,531
69$1,124,464$726,272$632,000$1,041,701
70$1,179,471$702,171$593,484$1,067,061
71$1,238,208$675,009$551,797$1,093,742
72$1,300,998$644,577$506,775$1,121,889
73$1,368,192$610,653$458,244$1,151,665
74$1,440,175$573,003$406,023$1,183,252
75$1,517,373$531,380$349,925$1,216,853
76$1,600,249$485,522$289,751$1,252,694
77$1,689,314$435,152$225,298$1,291,030
78$1,785,128$379,978$156,348$1,332,142
79$1,888,305$319,690$82,680$1,376,345
80$1,999,520$253,963$4,058$1,423,989
81$2,119,515$182,452$0$1,475,465
82$2,249,106$104,792$0$1,547,394
83$2,389,186$20,599$0$1,626,002
84$2,540,741$0$0$1,711,056
85$2,704,853$0$0$1,817,957
86$2,882,709$0$0$1,938,528
87$3,075,619$0$0$2,069,353
88$3,285,020$0$0$2,211,415
89$3,512,494$0$0$2,365,794
90$3,759,782$0$0$2,533,677
91$4,028,796$0$0$2,716,371
92$4,321,644$0$0$2,915,314
93$4,640,642$0$0$3,132,088
94$4,988,342$0$0$3,368,435
95$5,367,548$0$0$3,626,270
96$5,781,352$0$0$3,907,704
97$6,233,152$0$0$4,215,058
98$6,726,691$0$0$4,550,888
99$7,266,092$0$0$4,918,009
100$7,855,889$0$0$5,319,518