Can I retire at age 63 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,247$63,674$63,116$62,571$62,039$61,648
2 years$31,805$31,213$30,639$30,082$29,542$29,148
3 years$20,993$20,398$19,825$19,274$18,743$18,357
4 years$15,588$14,995$14,428$13,886$13,368$12,994
5 years$12,346$11,756$11,197$10,666$10,162$9,801
6 years$10,185$9,600$9,048$8,529$8,041$7,693
7 years$8,642$8,062$7,519$7,012$6,539$6,205
8 years$7,485$6,910$6,377$5,883$5,425$5,104
9 years$6,586$6,017$5,492$5,011$4,569$4,261
10 years$5,867$5,303$4,788$4,319$3,893$3,599
11 years$5,280$4,721$4,216$3,759$3,348$3,067
12 years$4,790$4,238$3,741$3,297$2,901$2,633
13 years$4,376$3,830$3,343$2,911$2,530$2,275
14 years$4,022$3,481$3,003$2,584$2,218$1,975
15 years$3,715$3,180$2,712$2,304$1,953$1,721
16 years$3,447$2,918$2,458$2,063$1,726$1,506
17 years$3,210$2,687$2,237$1,854$1,530$1,322
18 years$3,000$2,483$2,042$1,671$1,361$1,163
19 years$2,813$2,301$1,870$1,510$1,213$1,026
20 years$2,644$2,138$1,716$1,367$1,083$907
21 years$2,492$1,992$1,578$1,241$969$802
22 years$2,353$1,859$1,455$1,128$869$711
23 years$2,227$1,739$1,343$1,028$780$631
24 years$2,112$1,629$1,242$937$701$561
25 years$2,006$1,529$1,150$856$631$499
26 years$1,908$1,437$1,067$783$568$445
27 years$1,818$1,352$991$716$512$396
28 years$1,734$1,274$921$656$462$353
29 years$1,656$1,202$857$602$417$315
30 years$1,584$1,135$798$552$377$281
31 years$1,516$1,073$744$507$341$251
32 years$1,453$1,016$694$466$308$225
33 years$1,393$962$648$429$279$201
34 years$1,338$911$606$394$253$180
35 years$1,285$865$566$363$229$161
36 years$1,236$821$530$334$207$144
37 years$1,189$779$496$308$188$129
38 years$1,145$741$464$284$170$115
39 years$1,103$704$435$262$155$103
40 years$1,064$670$408$242$140$92
41 years$1,026$638$382$223$127$83
42 years$991$607$359$206$115$74
43 years$957$579$337$190$105$66
44 years$924$552$316$175$95$59
45 years$894$526$297$162$86$53
46 years$864$502$279$150$78$48
47 years$836$479$262$138$71$43
48 years$810$457$246$128$65$38
49 years$784$437$231$118$59$34
50 years$760$417$217$109$53$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $778,000, adding $4,846 every year, while hoping to spend $33,423 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: 39/32/29 Blend
62$778,000$778,000$778,000$778,000
63$862,355$821,121$809,062$888,419
64$914,753$825,794$800,603$912,616
65$971,376$829,576$790,742$935,338
66$1,032,619$832,387$779,394$959,277
67$1,098,916$834,145$766,474$984,566
68$1,170,747$834,759$751,892$1,011,353
69$1,248,636$834,136$735,554$1,039,805
70$1,333,162$832,173$717,360$1,070,106
71$1,424,960$828,765$697,207$1,102,462
72$1,524,730$823,799$674,987$1,137,105
73$1,633,241$817,153$650,588$1,174,291
74$1,751,339$808,701$623,890$1,214,305
75$1,879,955$798,307$594,770$1,257,464
76$2,020,115$785,828$563,099$1,304,123
77$2,172,945$771,112$528,741$1,354,676
78$2,339,688$753,999$491,557$1,409,558
79$2,521,709$734,319$451,397$1,469,257
80$2,720,513$711,890$408,108$1,534,312
81$2,937,755$686,522$361,529$1,605,322
82$3,175,257$658,013$311,492$1,682,953
83$3,435,028$626,149$257,821$1,767,943
84$3,719,275$590,705$200,332$1,861,110
85$4,030,433$551,441$138,835$1,963,364
86$4,371,180$508,105$73,129$2,075,710
87$4,744,467$460,429$3,006$2,199,265
88$5,153,543$408,131$0$2,335,265
89$5,601,987$350,912$0$2,507,306
90$6,093,741$288,457$0$2,697,116
91$6,633,143$220,433$0$2,905,518
92$7,224,977$146,487$0$3,134,447
93$7,874,509$66,249$0$3,386,042
94$8,587,539$0$0$3,662,664
95$9,370,458$0$0$3,974,199
96$10,230,305$0$0$4,342,074
97$11,174,834$0$0$4,746,290
98$12,212,588$0$0$5,190,518
99$13,352,977$0$0$5,678,801
100$14,606,369$0$0$6,215,593