Can I retire at age 63 with 775,000?

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 $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%14.7%
1 years$63,999$63,429$62,873$62,330$61,800$60,601
2 years$31,683$31,093$30,521$29,966$29,428$28,226
3 years$20,912$20,319$19,749$19,200$18,671$17,502
4 years$15,528$14,937$14,372$13,832$13,316$12,189
5 years$12,298$11,711$11,153$10,624$10,123$9,042
6 years$10,145$9,563$9,014$8,496$8,010$6,976
7 years$8,609$8,031$7,490$6,985$6,514$5,527
8 years$7,456$6,884$6,352$5,860$5,404$4,464
9 years$6,561$5,994$5,471$4,991$4,551$3,657
10 years$5,845$5,283$4,770$4,303$3,878$3,029
11 years$5,259$4,703$4,199$3,745$3,335$2,530
12 years$4,772$4,221$3,727$3,284$2,890$2,129
13 years$4,359$3,815$3,330$2,900$2,520$1,801
14 years$4,006$3,468$2,992$2,574$2,209$1,530
15 years$3,701$3,168$2,701$2,296$1,945$1,305
16 years$3,434$2,906$2,449$2,055$1,719$1,117
17 years$3,198$2,677$2,229$1,847$1,524$959
18 years$2,989$2,473$2,034$1,664$1,355$824
19 years$2,802$2,292$1,862$1,504$1,208$710
20 years$2,634$2,130$1,709$1,362$1,079$613
21 years$2,482$1,984$1,572$1,236$966$530
22 years$2,344$1,852$1,449$1,124$866$458
23 years$2,219$1,732$1,338$1,024$777$397
24 years$2,104$1,623$1,237$934$698$344
25 years$1,998$1,523$1,146$853$628$299
26 years$1,901$1,431$1,063$780$566$259
27 years$1,811$1,347$987$714$510$225
28 years$1,727$1,269$917$654$460$196
29 years$1,650$1,198$854$600$416$170
30 years$1,578$1,131$795$550$376$148
31 years$1,510$1,069$741$505$340$129
32 years$1,447$1,012$692$464$307$112
33 years$1,388$958$646$427$278$97
34 years$1,332$908$603$393$252$85
35 years$1,280$861$564$362$228$74
36 years$1,231$817$528$333$207$64
37 years$1,184$776$494$307$187$56
38 years$1,140$738$463$283$170$49
39 years$1,099$702$433$261$154$43
40 years$1,060$667$406$241$140$37
41 years$1,022$635$381$222$127$32
42 years$987$605$357$205$115$28
43 years$953$577$335$189$104$25
44 years$921$550$315$175$95$21
45 years$890$524$296$161$86$19
46 years$861$500$278$149$78$16
47 years$833$477$261$138$71$14
48 years$807$455$245$127$64$12
49 years$781$435$230$118$58$11
50 years$757$415$217$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $775,000, adding $3,272 every year, while hoping to spend $20,022 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: 68/26/6 Blend
62$775,000$775,000$775,000$775,000
63$857,425$816,350$804,338$914,764
64$923,579$835,048$809,980$971,863
65$995,810$853,991$815,140$1,031,533
66$1,074,716$873,170$819,780$1,096,239
67$1,160,957$892,575$823,862$1,166,470
68$1,255,257$912,194$827,345$1,242,763
69$1,358,417$932,015$830,184$1,325,713
70$1,471,315$952,023$832,335$1,415,971
71$1,594,921$972,204$833,750$1,514,256
72$1,730,300$992,540$834,378$1,621,359
73$1,878,628$1,013,012$834,167$1,738,153
74$2,041,199$1,033,600$833,063$1,865,598
75$2,219,437$1,054,282$831,006$2,004,753
76$2,414,911$1,075,033$827,936$2,156,782
77$2,629,350$1,095,828$823,790$2,322,970
78$2,864,657$1,116,637$818,500$2,504,732
79$3,122,930$1,137,430$811,998$2,703,627
80$3,406,478$1,158,173$804,209$2,921,371
81$3,717,846$1,178,831$795,057$3,159,857
82$4,059,836$1,199,363$784,462$3,421,169
83$4,435,537$1,219,730$772,338$3,707,606
84$4,848,349$1,239,884$758,599$4,021,697
85$5,302,021$1,259,778$743,152$4,366,234
86$5,800,680$1,279,360$725,901$4,744,288
87$6,348,874$1,298,574$706,743$5,159,247
88$6,951,615$1,317,360$685,575$5,614,843
89$7,614,423$1,335,653$662,285$6,115,189
90$8,343,380$1,353,386$636,757$6,664,816
91$9,145,187$1,370,485$608,872$7,268,720
92$10,027,229$1,386,872$578,502$7,932,403
93$10,997,640$1,402,462$545,515$8,661,931
94$12,065,383$1,417,167$509,774$9,463,988
95$13,240,335$1,430,890$471,133$10,345,940
96$14,533,376$1,443,531$429,444$11,315,903
97$15,956,498$1,454,981$384,547$12,382,825
98$17,522,910$1,465,125$336,279$13,556,562
99$19,247,170$1,473,839$284,468$14,847,980
100$21,145,318$1,480,994$228,934$16,269,050