Can I retire at age 63 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$64,081$63,511$62,954$62,410$61,879$61,619
2 years$31,723$31,133$30,560$30,005$29,466$29,203
3 years$20,939$20,346$19,774$19,224$18,695$18,437
4 years$15,548$14,956$14,391$13,850$13,333$13,083
5 years$12,314$11,726$11,168$10,638$10,136$9,894
6 years$10,159$9,575$9,025$8,507$8,020$7,787
7 years$8,620$8,041$7,500$6,994$6,522$6,298
8 years$7,466$6,893$6,361$5,867$5,411$5,196
9 years$6,569$6,001$5,478$4,998$4,557$4,350
10 years$5,852$5,290$4,776$4,308$3,883$3,685
11 years$5,266$4,709$4,205$3,749$3,339$3,150
12 years$4,778$4,227$3,732$3,289$2,894$2,713
13 years$4,365$3,820$3,334$2,903$2,523$2,351
14 years$4,012$3,472$2,996$2,577$2,212$2,047
15 years$3,706$3,172$2,705$2,299$1,948$1,791
16 years$3,438$2,910$2,452$2,058$1,721$1,572
17 years$3,202$2,680$2,231$1,849$1,526$1,385
18 years$2,993$2,476$2,037$1,666$1,357$1,223
19 years$2,806$2,295$1,865$1,506$1,210$1,082
20 years$2,637$2,133$1,711$1,364$1,080$960
21 years$2,485$1,987$1,574$1,238$967$853
22 years$2,347$1,854$1,451$1,125$867$759
23 years$2,222$1,734$1,340$1,025$778$676
24 years$2,106$1,625$1,239$935$699$603
25 years$2,001$1,525$1,147$854$629$539
26 years$1,903$1,433$1,064$781$567$481
27 years$1,813$1,349$988$714$511$431
28 years$1,730$1,271$919$655$461$386
29 years$1,652$1,199$855$600$416$345
30 years$1,580$1,132$796$551$376$310
31 years$1,512$1,070$742$506$340$278
32 years$1,449$1,013$693$465$308$249
33 years$1,390$959$647$428$278$224
34 years$1,334$909$604$393$252$201
35 years$1,282$862$565$362$228$180
36 years$1,232$818$528$334$207$162
37 years$1,186$777$495$307$187$146
38 years$1,142$739$463$283$170$131
39 years$1,100$702$434$261$154$118
40 years$1,061$668$407$241$140$106
41 years$1,023$636$381$222$127$95
42 years$988$606$358$205$115$86
43 years$954$577$336$189$104$77
44 years$922$550$315$175$95$69
45 years$891$525$296$161$86$62
46 years$862$501$278$149$78$56
47 years$834$478$261$138$71$51
48 years$808$456$245$127$64$46
49 years$782$435$231$118$59$41
50 years$758$416$217$109$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $776,000, adding $5,239 every year, while hoping to spend $38,117 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: 79/13/8 Blend
62$776,000$776,000$776,000$776,000
63$860,556$819,428$807,400$927,200
64$907,777$819,024$793,892$971,256
65$958,536$817,322$778,653$1,014,069
66$1,013,155$814,220$761,587$1,059,903
67$1,071,986$809,606$742,589$1,109,043
68$1,135,416$803,363$721,553$1,161,798
69$1,203,869$795,369$698,366$1,218,515
70$1,277,813$785,491$672,910$1,279,571
71$1,357,760$773,591$645,063$1,345,384
72$1,444,275$759,520$614,696$1,416,414
73$1,537,977$743,122$581,674$1,493,170
74$1,639,547$724,232$545,857$1,576,209
75$1,749,736$702,674$507,098$1,666,149
76$1,869,367$678,263$465,244$1,763,669
77$1,999,347$650,802$420,134$1,869,518
78$2,140,673$620,084$371,601$1,984,523
79$2,294,442$585,888$319,470$2,109,595
80$2,461,861$547,983$263,558$2,245,737
81$2,644,259$506,122$203,675$2,394,057
82$2,843,096$460,045$139,621$2,555,776
83$3,059,983$409,478$71,189$2,732,239
84$3,296,689$354,130$0$2,924,931
85$3,555,163$293,695$0$3,135,646
86$3,837,552$227,848$0$3,372,525
87$4,146,217$156,247$0$3,631,496
88$4,483,758$78,531$0$3,914,773
89$4,853,040$0$0$4,224,796
90$5,257,214$0$0$4,565,069
91$5,699,753$0$0$4,949,964
92$6,184,479$0$0$5,371,575
93$6,715,602$0$0$5,833,567
94$7,297,761$0$0$6,339,976
95$7,936,059$0$0$6,895,247
96$8,636,124$0$0$7,504,276
97$9,404,148$0$0$8,172,457
98$10,246,955$0$0$8,905,728
99$11,172,062$0$0$9,710,633
100$12,187,747$0$0$10,594,378