Can I retire at age 63 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,164$63,592$63,035$62,491$61,959$60,883
2 years$31,764$31,173$30,599$30,044$29,504$28,423
3 years$20,966$20,372$19,800$19,249$18,719$17,667
4 years$15,568$14,975$14,409$13,868$13,350$12,336
5 years$12,330$11,741$11,182$10,652$10,149$9,174
6 years$10,172$9,587$9,037$8,518$8,030$7,097
7 years$8,631$8,051$7,510$7,003$6,531$5,639
8 years$7,476$6,902$6,369$5,875$5,418$4,567
9 years$6,578$6,009$5,485$5,004$4,563$3,753
10 years$5,860$5,297$4,782$4,314$3,888$3,118
11 years$5,273$4,715$4,210$3,754$3,344$2,613
12 years$4,784$4,232$3,737$3,293$2,897$2,205
13 years$4,371$3,825$3,338$2,907$2,527$1,872
14 years$4,017$3,477$3,000$2,581$2,215$1,596
15 years$3,710$3,176$2,708$2,301$1,950$1,366
16 years$3,442$2,914$2,455$2,061$1,723$1,173
17 years$3,206$2,684$2,234$1,852$1,528$1,010
18 years$2,997$2,480$2,040$1,669$1,359$872
19 years$2,809$2,298$1,867$1,508$1,211$754
20 years$2,641$2,136$1,714$1,366$1,082$653
21 years$2,489$1,989$1,576$1,239$968$567
22 years$2,350$1,857$1,453$1,127$868$492
23 years$2,224$1,737$1,341$1,026$779$428
24 years$2,109$1,627$1,240$936$700$372
25 years$2,003$1,527$1,149$855$630$324
26 years$1,906$1,435$1,066$782$567$283
27 years$1,815$1,351$989$715$512$247
28 years$1,732$1,273$920$655$462$215
29 years$1,654$1,201$856$601$417$188
30 years$1,582$1,134$797$552$377$164
31 years$1,514$1,072$743$507$341$143
32 years$1,451$1,014$694$466$308$125
33 years$1,391$960$648$428$279$109
34 years$1,336$910$605$394$252$96
35 years$1,283$863$566$363$229$84
36 years$1,234$820$529$334$207$73
37 years$1,187$778$495$308$188$64
38 years$1,143$740$464$284$170$56
39 years$1,102$703$435$262$154$49
40 years$1,062$669$407$241$140$43
41 years$1,025$637$382$223$127$38
42 years$989$607$358$205$115$33
43 years$955$578$336$190$105$29
44 years$923$551$316$175$95$25
45 years$892$525$296$162$86$22
46 years$863$501$278$149$78$19
47 years$835$478$261$138$71$17
48 years$809$457$246$127$65$15
49 years$783$436$231$118$59$13
50 years$759$417$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $777,000, adding $4,243 every year, while hoping to spend $34,617 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: 53/39/8 Blend
62$777,000$777,000$777,000$777,000
63$860,631$819,450$807,406$904,329
64$911,583$822,770$797,622$937,764
65$966,572$825,094$786,350$969,987
66$1,025,973$826,334$773,503$1,004,217
67$1,090,198$826,401$758,992$1,040,650
68$1,159,702$825,198$742,721$1,079,503
69$1,234,981$822,622$724,592$1,121,017
70$1,316,584$818,565$704,501$1,165,460
71$1,405,112$812,912$682,339$1,213,127
72$1,501,229$805,540$657,993$1,264,346
73$1,605,664$796,320$631,344$1,319,479
74$1,719,216$785,115$602,269$1,378,929
75$1,842,769$771,779$570,638$1,443,140
76$1,977,293$756,157$536,315$1,512,605
77$2,123,854$738,086$499,160$1,587,868
78$2,283,628$717,394$459,023$1,669,534
79$2,457,909$693,896$415,750$1,758,269
80$2,648,118$667,400$369,181$1,854,812
81$2,855,823$637,699$319,145$1,959,982
82$3,082,749$604,578$265,468$2,074,680
83$3,330,793$567,806$207,965$2,199,909
84$3,602,046$527,141$146,444$2,336,772
85$3,898,810$482,326$80,705$2,486,494
86$4,223,618$433,089$10,538$2,650,426
87$4,579,261$379,145$0$2,830,062
88$4,968,812$320,190$0$3,032,548
89$5,395,655$255,903$0$3,255,533
90$5,863,517$185,947$0$3,500,155
91$6,376,502$109,965$0$3,768,667
92$6,939,132$27,579$0$4,063,553
93$7,556,384$0$0$4,387,559
94$8,233,744$0$0$4,770,156
95$8,977,253$0$0$5,203,186
96$9,793,566$0$0$5,678,699
97$10,690,012$0$0$6,200,976
98$11,674,667$0$0$6,774,731
99$12,756,427$0$0$7,405,158
100$13,945,091$0$0$8,097,980